Tuesday, 18 June 2019

US State Department announcement of ending war in Afghanistan is yet another big lie


Lately, the US Department announced, “The top US priority in South Asia is to end the war in Afghanistan through a sustainable political settlement.” It informed the Congress that any political settlement must also ensure Afghanistan’ never again serves as a haven for terrorist attacks against the United States or its interests.”
Ambassador Zalmay Khalilzad, a US diplomat of Afghan origin who is negotiating a political settlement with the Taliban, said that the US-backed peace plan could be “A springboard for regional connectivity, development, and economic integration.”
Earlier, the State Department and the Afghan government agreed to focus US assistance on America’s highest priority, “Furthering the peace process, ensuring Afghanistan does not serve as a terrorist safe haven, promoting Afghan self-reliance, and maintaining Afghan stability.”
I have no option but to term the statement of US Department a lie on the following grounds:
1) Afghans Taliban had neither played any role, whatsoever in 9/11, nor do they have the capacity to hit US interests or its allies. Taliban were used by the US to repel USSR attack on Afghanistan, which they did successfully.
2)  The US had announced to pull its troops from Afghanistan in 2014, which were not. It seems US is adamant at keeping its troops in Afghanistan because of ‘other reasons’. Over the years the US had failed in bringing peace and ushering development in the country, as it was never an objective.
3) One of the conspiracy theories is that the division of Taliban into good and bad is based on the support for or resistance against cultivation of poppy in Afghanistan. It seems that those resisting cultivation of poppy in Afghanistan and demanding withdrawal of US troops have been termed ‘Bad Taliban’.
4) The persistent stay of US troops in not for the development of Afghanistan but for the protection of drug trade, which allows CIA to make billions of dollars every year and use it on proxy wars in South Asia, Middle East and North Africa.
5)  After the recent hype in US-Iran confrontation, it seems more probable that US will increase its troops in Afghanistan and use them in the assault against Iran.
Therefore, all the favors the US intent to offers to Afghans are nothing but cover up, these include: 
1)       US working with the Afghan government to define the parameters of a sustainable, long-term partnership, a shift from military to civilian assistance.
2)       State Department’s 2020 budget seeking resources to help Afghanistan to maintain and expand the gains it has made over the last 18 years.
3)       Earlier, the World Bank held a donors meeting in Kabul on to arrive at and cement a peace agreement that allowed increasing economic well being and prosperity.
4)       Promoting self-reliance by developing internal resources, attracting investments, and reducing security costs.

Monday, 17 June 2019

Seven Reasons one should not trust US narrative on Gulf of Oman Incident


One should have not been surprised the way US Secretary of State Mike Pompeo blamed Iran for the damage done to two vessels in the Gulf of Oman recently, without offering any credible evidence.
Pompeo told the press in a statement, “This assessment is based on intelligence, the weapons used, the level of expertise needed to execute the operation, recent similar Iranian attacks on shipping, and the fact that no proxy group operating in the area has the resources and proficiency to act with such a high-degree of sophistication,”.
Pompeo concluded, “The US will defend its forces, interests, and stand with our partners and allies to safeguard global commerce and regional stability. And we call upon all nations threatened by Iran’s provocative acts to join us in that endeavor.” Following are the seven reasons to reject whatever Secretary has said:
1) Pompeo is a known liar, especially when it comes to Iran.
The entire world knows that Pompeo has a well-established history of circulating blatant lies about Iran. He recently told an audience at Texas A&M University that when he was leading the CIA, “We lied, we cheated and we stole. We had entire training courses.”
2) The US administration is known to use lies and false flags to start wars.
The US centralized power alliance has an extensive and well-documented history of advancing preexisting military agendas using lies, false flags and psyops to make targeted governments appear to be the aggressors. This is such a well-established pattern that “Gulf of Tonkin” briefly trended on Twitter after the Gulf of Oman incident. Any number of government agencies could have been involved from any number of the nations in this alliance, including the US, the UK, Saudi Arabia, UAE or Israel.
3) John Bolton has openly endorsed lying to advance military agendas.
The Trump administration had already begun rapidly escalating against Iran in ways that happen to align perfectly with the longtime agendas of Trump’s psychopathic Iran hawk National security adviser. At that time people were so aware of the possibility that Bolton might involve himself in staging yet another Middle Eastern war based on lies.
4) Using false flags to start a war with Iran is already an established idea in the DC swamp.
Back in 2012 at a forum for the Washington Institute of Near East Policy think tank, the group’s Director of Research Patrick Clawson openly talked about the possibility of using a false flag to provoke a war with Iran, citing the various ways the US has done exactly that with its previous wars.
5) The US State Department has already been running psyops to manipulate the public Iran narrative.
Lately, State Department officials admitted to congressional staff at a closed-door meeting that a US$1.5 million troll farm had gone “beyond the scope of its mandate” by aggressively smearing American critics of the Trump administration’s Iran policy as propagandists for the Iranian government, according to a new report from The Independent. That “mandate” had reportedly consisted of “countering propaganda from Iran,” also known as conducting anti-Iran propaganda.
6) The Gulf of Oman narrative makes no sense.
One of the ships damaged in the attacks was Japanese-owned, and the other was bound for Japan. This happened just as Japanese Prime Minister Shinzo Abe was in Tehran attempting to negotiate de-escalation between the US and Iran with Trump’s blessing, and just after Iran had released a prisoner accused of conducting espionage for the US in what many took to be a gesture of good faith.
Iran has been conducting itself with remarkable restraint in the face of relentless sanctions and provocations from the US and its allies. It wouldn’t make much sense for it to suddenly abandon that restraint with attacks on sea vessels, then rescue their crew, then deny perpetrating the attacks, during a time of diplomatic exchanges and while trying to preserve the nuclear deal with Europe. If Tehran did perpetrate the attacks in order to send a strong message to the Americans, it would have been a very mixed message sent in a very weird way with very odd timing.
7) Even if Iran did perpetrate the attack, Pompeo would still be lying.
Pompeo’s statement uses the words “unprovoked” twice and “Iran’s provocative acts” once, explicitly claiming that the US empire was just minding its own business leaving Iran alone when it was attacked out of the blue by a violent aggressor. Sometimes the things put out by the US. State Department feel like they’re conducting experiments on us, just to test the limits of our stupidity
The US has been provoking Iran with extremely aggressive and steadily tightening sanctions, which means that even if Tehran is behind the attacks, it would not be the aggressor and the attacks would most certainly not have been “unprovoked.” Economic sanctions are an act of war; if China were to do to America’s economy what America is doing to Iran’s, the US would be in a hot war with China immediately. It could technically be possible that Iran is pushing back on US aggressions and provocations, albeit in a strange and neo-conservatively convenient fashion.
Either way, we have seen no evidence supporting Pompeo’s claims, so anyone hastening to blame Iran for the Gulf of Oman incident is either a war whore or a slobbering moron, or both. Knowing what we know about the US-centralized empire and its pre-existing regime change agenda against Iran, there is no reason to believe Pompeo and many reasons not to.




Friday, 14 June 2019

Strait of Hormuz: Most important oil artery of the world


Three weeks ago I wrote an article ‘Brewing turmoil in Pakistan’s backyard’ and the concluding remarks were, “The fact remains that none of the country (United States or Iran) wants to get the blame for initiating a conflict, but it doesn’t mean that the threat of eminent war is not there. There is a fear that miscalculation or misunderstanding can trigger confrontation and an outbreak of war. As the US expands its military presence in the region, the risk of beginning an accidental war rises further.”
The apprehension came true last Thursday when two oil tankers were attacked and left adrift in the Gulf of Oman. Washington was prompt in accusing Tehran of being behind a similar incident on 12th May when four tankers were attacked in the same area, a vital oil shipping route. Russia was quick to urge caution, saying no one should rush to conclusions about Thursday’s incident or use it to put pressure on Tehran, which has denied the US accusations. There were no immediate statements apportioning blame after Thursday’s incidents, nor any claims of responsibility.
WHERE IS STRAIT OF HORMUZ LOCATED?
The strait lies between Oman and Iran, It links the Gulf north of it with the Gulf of Oman to the south and the Arabian Sea beyond. It is 21 miles (33 km) wide at its narrowest point, with the shipping lane just two miles (three km) wide in either direction. The UAE and Saudi Arabia have sought to find other routes to bypass the Strait, including building more oil pipelines.
WHY DOES IT MATTER?
Almost a fifth of the world’s oil passes through the Strait - some 17.4 million barrels per day (bpd) versus consumption of about 100 million bpd in 2018. OPEC members Saudi Arabia, Iran, the UAE, Kuwait and Iraq export most of their crude via the Strait. Qatar, the world’s biggest liquefied natural gas (LNG) exporter, sends almost all of its LNG through the Strait.
CURRENT POLITICAL TENSION
The US has imposed sanctions on Iran aimed at halting its oil exports. Iran has threatened to disrupt oil shipments through the Strait of Hormuz if the US tries to strangle its economy. The US Fifth Fleet, based in Bahrain, is tasked with protecting commercial shipping in the area.
MAJOR PAST INCIDENTS
During the 1980-1988 Iran-Iraq war, the two sides sought to disrupt each other’s oil exports in what was known as the Tanker War.
In July 1988, the US warship Vincennes shot down an Iranian airliner, killing all 290 aboard, in what Washington said was an accident and Tehran said was a deliberate attack.
In early 2008, the US said Iranian vessels threatened three of its Navy ships in the Strait.
In July 2010, Japanese oil tanker M Star was attacked in the Strait by a militant group called Abdullah Azzam Brigades linked to al Qaeda claiming responsibility.
In January 2012, Iran threatened to block the Strait in retaliation for US and European sanctions that targeted its oil revenue in an attempt to stop Tehran’s nuclear program.
In May 2015, Iranian ships seized a container ship in the Strait and fired shots at a Singapore-flagged tanker which it said damaged an Iranian oil platform.
In July 2018, President Hassan Rouhani hinted Iran could disrupt oil trade through the Strait in response to US calls to reduce Iran’s oil exports to zero.
In May 2019, four vessels - including two Saudi oil tankers - were attacked off the UAE coast near Fujairah, one of the world’s largest bunkering hubs, just outside the Strait of Hormuz.



Monday, 10 June 2019

Europe might give up on saving JCPOA



Iran’s former ambassador to Norway has warned that Europe might give up on saving the 2015 nuclear pact and the financial mechanism of Instrument in Support of Trade Exchanges (INSTEX), which was established to do business with Iran.
German Foreign Minister Heiko Maas was in Tehran for talks on ways to keep the nuclear deal, officially called the JCPOA in English or Barjam in Persian, alive. 
“It is possible that Europe would no more attach any significance to [saving] Barjam,” Mehr on Monday quoted Abdolreza Faraji-Rad as saying.
Faraji-Rad expressed doubt about the future of Iran-Europe relations, especially due to the growth of far-right groups in European countries manifested in the latest European Parliament elections.
He further said the person who will succeed European Union Foreign Policy Chief Federica Mogherini might not share her insistence on cooperating with Iran and salvaging the JCPOA.
Also the person who will succeed British Prime Minister Theresa May can be more of a hardliner compared to May, which could create a gap within Europe, Faraji-Rad remarked.
“This could mean that Europe might no longer place any importance to Barjam,” he said, underlining that such facts must be taken into careful consideration.
The JCPOA was signed between Iran and six international mediators (the United Kingdom, Germany, China, Russia, the United States, and France) in July 2015. Under the deal, Iran undertook to curb its nuclear activities in exchange for termination of the sanctions imposed previously by the United Nations Security Council, the European Union and the United States over its nuclear program.
On May 8, 2018, the United States unilaterally withdrew from the deal despite worldwide objections and followed the move with a “maximum pressure” policy against the Islamic Republic.


Sunday, 9 June 2019

Likely facets of forthcoming Bangladesh Budget


Finance Minister of Bangladesh, Mustafa Kamal is scheduled to announce the budget for financial year 2019-20 in parliament on 13th June 2019, a few days after the announcement of Pakistan's Budget for the next financial. I have just picked up news from a leading Bangladesh newspaper, which may give Pakistanis a chance to see what is being done there. 
Aiming to invigorate the promising export sector, an ailing stock market and cooling property markets, the upcoming budget is likely to announce a number of incentives to rekindle the business and investment environment, said sources involved in preparing this year’s national budget for parliamentary approval.
The incentives include enhanced subsidies, tax cuts and fiscal stimulus to take the economy to an 8.5% growth rate in financial year 2019-20.
Realtors and land developers have long been demanding a reduction of registration fees, including the Value Added Tax (VAT) and other taxes on the sale and transfer of property, like apartments or land, so as to stimulate the slowing real estate market. According to sources, the upcoming budget is likely to almost halve the current aforementioned costs.
Currently, total fees for flat registration are 14% to 16%, and 17% for land registration. The fee is imposed on the deed value of property.
A budgetary measure is also likely to be announced for the first time for the resale of existing (not new) flats.
National Board of Revenue (NBR) officials think a secondary property market boom would stimulate the economy further if registration fees for used flats were rationalized.
Presently, registration costs remain the same for both new and used flats.
The proposed budget is set to raise the tax-free income ceiling for cash dividend income from stocks to Tk50,000, up from the current ceiling of Tk25,000.
“The Finance Minister is serious about reviving the morale of stock investors in the upcoming budget. A number of budget incentives are in the offing to streamline capital markets,” said a top NBR official. “The market (capital market) will act positively after the announcement in the proposed budget,” he hoped.
Officials concerned at the finance division under the Ministry of Finance said the subsidy outlay in the budget would be around Tk45,000 crore for the next fiscal year, up from Tk38,500 crore earmarked for the current fiscal year.
The highest subsidy amount of Tk9,000 crore is likely to be allocated for the agricultural sector, with some allocation expected to be earmarked for farm mechanization.
The budget is also likely to announce a one percent export subsidy for the apparel sector, in addition to the 4% now applicable for receipts coming from non-traditional markets. The amount to be earmarked is likely to be Tk9,000 crore, which is now around Tk3,500 crore. Presently, 26 export-bound items, including apparel goods, get export subsidies of anywhere between 2% and 20%.
In the current budget, export sector subsidies amount to Tk5,000 crore. Of the total, Tk500 crore is allocated for jute and jute goods.
The power sector subsidy is likely to be earmarked at Tk10,000 crore, and the energy (including LNG) sector is likely to get Tk9,000 crore.
The proposed budget is reportedly set to announce an incentive for foreign exchange remitters, as the government is desperate for more remittances to handle the foreign exchange demand to manage rising import payments.
A subsidy of 2-3% is likely to be offered in the budget for remitters. Under the planned scheme, recipients of remittance will get 2-3% extra local currency on the remitted amount. For this purpose, an amount of Tk3,000 crore will be allocated in the budget.


Thursday, 6 June 2019

Why Trump wants talks with Iran without any preconditions?


Decades ago I had heard, “Thugs have a common interest ‘make money’. They cooperate, facilitate and protect each other, though they may appear to the world, the deadliest enemies”. This was confirmed after the US President; Donald Trump announced, “We are ready to talk to Iran without any preconditions”.
I was curious about this change of heart and probed a little deeper. I instantly found a reason, “trillions of US dollars invested in financial derivatives”. The Bank for International Settlements said last year that the “notional amount outstanding for derivatives contracts” was US$542 trillion, although the gross market value was put at just US$12.7 trillion. Others suggested it was US$1.2 quadrillion or more. A person with ordinary wit may ask, what derivatives have got to do with US-Iran animosity?
The reply is simple, bulk of the derivatives are based on energy products, mainly crude oil. Therefore, it all has to do with the Strait of Hormuz. Blocking the Strait could cut off oil and gas from Iraq, Kuwait, Bahrain, Qatar and Iran – 20% of the world’s oil. There has been some debate on whether this could occur – whether the US Fifth Fleet, which is stationed nearby, could stop Tehran doing this and if Iran, which has anti-ship missiles on its territory along the northern border of the Persian Gulf, would go that far.
According to those privy to information, a series of studies hit President Trump’s desk and caused panic in Washington. These showed that in the case of the Strait of Hormuz being shut down, whatever the reason, Iran has the power to hammer the world financial system, by causing global trade in derivatives to be blown apart. The information was duly circulated to France, Britain and Germany, the EU-3 members of the Iran nuclear deal (or Joint Comprehensive Plan of Action), also caused a panic.
Oil derivative specialists know well that if the flow of energy in the Gulf is blocked it could lead to the price of oil reaching US$200 a barrel, or much higher over an extended period. Crashing the derivatives market would create an unprecedented global depression. Trump’s former Goldman Sachs Treasury Secretary Steve Mnuchin knows it better than any other person.
And Trump himself seems to have given the game away. He’s now on the record essentially saying that Iran has no strategic value to the US. He really wants a face-saving way to get out of the problem his advisers Bolton and Pompeo got him into. Washington now needs a face-saving, Iran is not asking for meetings, but it is the sole surviving super power, United States.
They also link it to non-scheduled stop of US Secretary of State Mike Pompeo in Switzerland, just because he’s a “big cheese and chocolate fan”, in his own words. Yet any well-informed also say, “He badly needed to ease the fears of the trans-Atlantic elites, apart from his behind-closed-doors meetings with the Swiss, who are representing Iran in communications with Washington. After weeks of ominous threats to Iran, the US said “no preconditions” would be set on talks with Tehran, and this was issued from Swiss soil.

Wednesday, 5 June 2019

Buying oil from other sources can cause a big dent to Indian economy


In India, top ministers of Narendra Modi government held talks on the issue of investment in petroleum and gas sector a month after the US waiver for India to import oil from Iran came to an end. The meeting chaired by Home Minister Amit Shah was attended by Finance Minister Nirmala Sitharaman, External Affairs Minister S Jaishankar, Petroleum and Natural Gas Minister Dharmendra Pradhan and Railways and Commerce Minister Piyush Goyal.
The meeting gained significance as US President, Trump’s administration told India, China, Turkey and a few other oil customers of Iran that no waiver on sanctions would be granted to them after 1st May 2019, ending six months of exception to the sanctions.
The US had granted exemptions to India, China, Japan, South Korea and Turkey “to ensure a well-supplied oil market” in November last year for six months after it re-imposed sanctions on the Persian nation in view of its controversial nuclear program.
India is said to be in touch with the US to seek further extension of the waiver on oil imports from Iran, pointed out that it has been gradually reducing its energy purchases from the Islamic country.
Two weeks after the US decision came into force, Iranian Foreign Minister Mohammad Javad Zarif travelled to India and met the then External Affairs Minister Sushma Swaraj. After her meeting with Zarif, she had said a decision on India’s oil imports will be taken after the elections keeping in mind India’s commercial considerations, energy security and economic interests.
Following the withdrawal of the US waiver, India has stopped contracting oil shipments from Iran. With 80 per cent of India’s requirements being met through imports, higher-priced oil from non-Iranian sources can make a big dent in the country’s current account deficit and foreign exchange reserves.
Oil imports from Iran in the past fiscal year ended March 2019 amounted to about US$9 billion. Official sources have said that getting oil from alternative sources would have financial implications and lead to further pressure when crude prices touch US$75-80 per barrel in the near-term, putting pressure on India’s import bill.
Iran used to offer India a longer credit period of 60 days compared to other crude suppliers, while the cargo insurance was free.
Imports from Iraq, UAE and Saudi Arabia will now be on the higher side, without some of the benefits that Iran was giving, India has been Iran’s second largest customer of oil, after China.