Washington is prepared to defend this extortionist petrodollar recycling system to the end, even if it means nuclear war.
This one line lifted from a Mike Whitney post on Counterpunch today commenting on the fall in oil prices so quietly arranged by the US and Saudi to destroy Russia and bring down Syria and Iran too.
A stupid plan on the surface and disaster at best with the possible destruction of the world as a final outcome. An outcome we are apparently ready to live with.
The real bitchy part of this scheme is that the best result we can hope for is a crashing of all the economies of the world. The EU already in it's death throes will not survive this game and most likely nobody else will either.
Most oil producers need oil in the 80's or 90's to break even. The US fracking companies need more than that and are leveraged with derivatives to the hilt. Derivatives that when they go bad will be paid by us as the last budget bill put those instruments under the protection of the FDIC making us citizens responsible for that debt. (roughly 300 trillion dollars worth) an amount that will bring us to the bottom.
WHY BABY WHY? my brain has been screaming at me. Why would they do something this stupid, POW, the answer hit me right between the eyes. The POWERS THAT BE, have come to realize that American Hegemony is a dream that cannot be reached and therefore they are willing to risk a nuclear war (they think they can win) . Just in case you think like them consider this. If Russia fired no nukes in response to a US launch (which would probably be massive) the world would still come to an end. 4000 nukes are way more than enough to turn out all the lights.
I wish I could think of one positive thing to say on closing , but nothing comes to mind. The end may be insight.