Lately, Iran’s negotiations with super powers at one stage
looked like standoff between the US and Iran. While other countries looked
ready to walk away, John Kerry, US Secretary of State tried his best to convince
others to arrive at a framework that lead to easing sanctions on the country Saudi
Arabia considers its worst foe.
It looked that only the US was desperate in normalizing
relationship with Iran. Many of the readers may not by aware of the fact that
Iran buys the largest value of goods from the US despite all the stringent
sanction being in place for more than three and half decades.
A question arises, why the US should be ready to relinquish
its ‘global policeman, role? The reply is simple that the largest super power
is sinking deeper into economic crisis. Worst of all country is inching towards
the worst drought; many states are imposing water rationing as the food
security program is at colossal risk.
According to a report more rigs are drilling water wells in
the US than oil. Farmers have the strongest lobby in the US and they want the
government to protect their interest rather than venturing into any enemy
country to keep the arsenal factories running at full capacity.
There is growing realization in the US citizens that Israel
has been blackmailing the US government by promoting Iran as the biggest threat
for the world. Zionists have inculcated a feeling among the Saudis that Iran is
their worst energy as compared to Israel.
The incumbent prime minster made last ditched effort by
adding members of the US congress but his mantra failed in attracting attention
of masses. Now many of the US citizens are openly asking the question, is the
US foreign policy dictated by Israel?
The US has attained the status of the largest oil producing
country and got free from the clutches of some of the largest oil producing
country i.e. Saudi Arabia. Despite nearly 50 percent decline in WTI prices and
extreme glut of oil in the country it has not allowed export, just to keep
energy prices low to accelerate economic activities.
Within the super powers, China remains one of the biggest
buyers of Iranian crude oil and must be the happiest one if economic sanctions
facing Iran over the last three and half decades are removed. Not only buying
oil will become easier for it but it would also be able to invest huge in
Iranian oil and gas up stream industries.
The US has huge investment in China and at no stage it would
like to offend one of the largest economic superpower, despite it replacing the
US in Asia and attaining huge naval presence in the Indian Ocean. The US is
trying to establish Indian hegemony in the Indian Ocean region but China is
moving at a much faster pace.
Growing Chinese interest, through investment in infrastructure
projects is also aimed at developing Pakistan as ‘trade and energy corridor’.
If Iran can move its oil only through Pakistan, it would not only save billions
of dollars spent on freight but also curtail transit time.
Russia, directly in confrontation with the US and other
European countries wants to take a revenge for the US for its defeat in
Afghanistan and also imposing sanctions on it after the repossession parts of
Ukraine.
One may recall that when the US led group wanted to assault
Syria, Putin emerged the biggest opponent and went to the extent of threatening
attacks on Saudi Arabian oil installations if any such adventure was made.
Britain has already taken over the command from the US in
the Middle East and North Africa (MENA), after the defeat of ISIS a phantom
created and supported by the US. Britain has a long history of managing
colonies following ‘divide and rule policy’. While the US believes in military
assaults Britain overpowers countries by creating internal conflicts and
weakening the countries, to make them subservient to its might.
If Lawrence of Arabia was a phantom used to demolish Ottoman
Empire, Abubakar Baghdadi is also a product of Britain being used for
fragmenting and weakening many countries of MENA.
The US could not create justification for attaching Syria
and Iraq, but inroad made by ISIS paved way for airstrikes in the name of
weeding out ISIS, in either case strategic installations of Syria and Iraq were
destroyed. The same strategy is being followed in Yemen to ignite direct
confrontation between Iran and Saudi Arabia.
Germans and French governments want cheap oil to boost their
economies and the only solution is to allow Iran to export more oil. They are
keen in seeing export of gas from Iran to bring its price down; the way crude
oil prices plunged. The two countries are also eyeing huge investment potential
in Iran.
Therefore, it be right to say that reaching an agreement to
remove sanctions on Iran is the most urgent desire of super powers rather the
country that has withstood worst sanctions for more than three and half
decades.
Top signs that the U.S. economy is
experiencing recession:
The number of new mortgage
applications in the US had fallen to the lowest level in nearly 20 years.
Radio Shack has announced
that it is going to close more than 1,000 stores just another sign that we are
in the midst of a "retail apocalypse".
The ISM Services
Employment just experienced its largest decline since the collapse of Lehman
Brothers.
Obama care is really
starting to hammer the U.S. health care industry.
One of the "too big
to fail" banks, JPMorgan fired thousands of workers.
At one time Moody's downgraded
the credit rating of the city of Chicago to just three notches above junk
status.
The U.S. economy actually
lost millions jobs. The only time the U.S. economy has lost such a number of jobs
was in 2009 at the peak of the recession.
Real disposable income in
the U.S. experienced the largest year over year decline that was seen since
1974.
Only 35 percent of all
Americans say that they are better off financially than they were a year ago.
Global retail sales for machinery
giant Caterpillar fallen for 14 months in a row.
The economic data show
that virtually all of the largest economies on the planet are slowing down
right now.
Meanwhile, things in
Ukraine continue to become even tenser, and the Russian government continues to
debate how it will respond if the U.S. does end up deciding to hit Russia with
economic sanctions.
At one stage the Russian
parliament was actually considering the confiscation of the property and assets
of U.S. businesses in Russia if the U.S. decides to go ahead with economic
sanctions against Russia.
The upper house of
Russia’s parliament is mulling measures allowing property and assets of
European and US companies to be confiscated in the event of sanctions being
adopted against Russia over its threatened military intervention in Ukraine.
We are talking about
banks, retail chains, mining operations, etc.
U.S. companies have billions
invested in Russia, and all of that could be gone in an instant.
Many US citizens wish that
economic war between their country and Russia is averted as it is has hurt
substantially.
But no matter how things
with this crisis in Ukraine play out, it looks like hard times are ahead for
the U.S. economy.
Unfortunately, most
Americans never learned the lessons that they should have learned back in 2008.
They just assume that the
federal government and the Federal Reserve have fixed our problems and have
everything under control, so they are not preparing for the next great crisis.
In the end, tens of
millions of Americans will be absolutely devastated when they get absolutely
blindsided by what is coming.
