Propaganda, Lies, And War

Tyler Durden's picture

Submitted by James Miller from the Ludwig von Mises Institute of Canada

Propaganda, Lies, And War

If I asked what the cause of the American Civil War was, would your first answer be slavery?  Would it surprise you to know that slavery was only one grievance the South had with the Lincoln administration?

Up until the first bullet was fired on Fort Sumter, Abraham Lincoln had been leading a type of economic aggression to force the South into initiating the official version of the conflict.  When Lincoln ran for president, his platform was based on Henry Clay-inspired mercantilism where he promised to maintain a high protective tariff that would serve Northern industrial interests while impoverishing the South’s still predominantly agrarian economy.  This, of course, angered the South much like it did when John Quincy Adams imposed the same type of tariff in 1828 which lead to the Nullification Crisis.  With the Morrill Tariff, which increased the tax on dutiable imports by about 70%, put in place by President Buchanan two days before he left office, the South stood ready to secede.  After Lincoln’s inauguration, he began to maneuver the seceding South into firing the first shot by breaking a previously established agreement to not attempt to restock Fort Sumter.  He secretly sent troops the Fort which escalated into what turned out to be the bloodiest war in American history.  Lincoln’s close friend and confidante Senator Orville H. Browning would go on to write in his diary:

He told me that the very first thing placed in his hands after his inauguration was a letter from Major Anderson announcing the impossibility of defending or relieving Sumter.  That he called the cabinet together and consulted General Scott—that Scott concurred with Anderson, and the cabinet, with the exception of PM General Blair were for evacuating the Fort and all the troubles and anxieties of his life had not equalled (sic) those which intervened between this time and the fall of Sumter.  He himself conceived the idea, and proposed sending supplies, without an attempt to reinforce giving notice of the fact to Governor Pickens of S.C.   The plan succeed.  They attacked Sumter—it fell, and thus, did more service than it otherwise could.

Contrary to popular belief, the Civil War was not a fight over slavery but a fight over whether the South was allowed to secede from the union.  Lincoln thought war would rally the North behind his special-interest driven agenda.  The South sent numerous commissioners to Washington in the hopes of finding a peaceful solution to secession.  Lincoln ignored all of them.  As he stated in a letter addressed to Horace Greeley of the New York Tribune:

My paramount object in this struggle is to save the Union, and is not either to save or to destroy slavery. If I could save the Union without freeing any slave I would do it, and if I could save it by freeing all the slaves I would do it; and if I could save it by freeing some and leaving others alone I would also do that. What I do about slavery, and the colored race, I do because I believe it helps to save the Union; and what I forbear, I forbear because I do not believe it would help to save the Union.

So why is this version of the Civil War not taught in public schools?

It’s a simple answer when you consider the driving force of statism.

When Randolph Bourne opined “war is the health of the state,” he was referring to how war is used as a means to enlarge the authority of government over everyday life.  In times of war, the citizenry is told to sacrifice their material well being and freedom for the sake of winning the war and bringing the troops home.  Taxes are raised, central banks inflate, governments borrow massive amounts of money, and economic resources are confiscated to be used in the war effort.  War quickens the state’s march toward totalitarianism as it rallies the public into unquestioned obedience.  Love of country replaces love of self and family.  Mothers and fathers give up their sons (and now daughters) to fight in the state’s bloody crusade.  The heads of government who initiated the conflict don’t let their offspring go and fight.  Their pampered lifestyles usually don’t see the sacrifice taxpayers must endure.

Romanticized retellings of war assist in convincing the masses that the campaigns of murder carried out by political leaders were for the good of the nation.  It enshrines the state as a life-saving guardian to those fortunate enough to not meet a gruesome death on the battlefield.  In the case of the Civil War, Lincoln didn’t just save the union; he has forever made secession a nonviable solution to an overreaching Washington.  Lincoln’s war of northern aggression turned these united States of America into the United States of America.  It cost the equivalent of 6 million lives today for honest Abe to destroy the volunteerism which defined the union of the states in the decades that preceded the war.

Just as the Civil War was triggered by deceit, many of the wars or military conflicts of the past century have been fought based on the lies of a political class all too enamored with their own power and place in history.

Starting with World War I and Woodrow Wilson’s quest to “make the world safe for democracy,” the popularly spun tail is that America’s entering the conflict was in reaction to Germany sinking the supposedly innocent passenger vessel the Lusitania.  After German subs sunk the ship, thereby killing women and children, popular support reversed and was now in favor of war.  What wasn’t revealed immediately is that the Lusitania was really outfitted to carry armaments for the British.  This was a strategy developed by then First Lord of the Admiralty Winston Churchill to bait a German attack and bring America into the fight.  As classical liberal historian Ralph Raico writes:

The Lusitania was a passenger liner loaded with munitions of war; Churchill had given orders to the captains of merchant ships, including liners, to ram German submarines if they encountered them, and the Germans were aware of this. And, as Churchill stressed in his memoirs of World War I, embroiling neutral countries in hostilities with the enemy was a crucial part of warfare: “There are many kinds of maneuvres in war, some only of which take place on the battlefield. . . . The maneuvre which brings an ally into the field is as serviceable as that which wins a great battle.

Then there is the often neglected role big business, especially JP Morgan & Co, played in the propagandizing of the war.  As one of the largest creditors and underwriters to war bonds issued by the governments of Britain and France, it was in the best interest of the House of Morgan to guarantee the Allies won the war.   As the American economy drifted toward one of top-down command where government cartelized industry to ensure adequate munitions for war, big business was more than happy to play along as it meant stifling regulations placed on their small-time competitors and the opportunity to keep prices elevated.  This perverted form of capitalism would serve as a model to Western nations from the war’s end to the present day.   Murray Rothbard believed the first World War was really a victory for the fascist state:

More than any other single period, World War I was the critical watershed for the American business system. It was a “war collectivism,” a totally planned economy run largely by big-business interests through the instrumentality of the central government, which served as the model, the precedent, and the inspiration for state corporate capitalism for the remainder of the twentieth century.

The beginnings of World War II were engulfed by the same collusion of big business and government along with underhanded tactics to further chip away at the American public’s noninterventionist stance.  The Morgans still had their financial ties with Britain and France while the Rockefellers wanted war with Japan since the country competed for raw materials in Southeast Asia.  Both financial powerhouses lobbied for war early on.  After Franklin Roosevelt was reelected on the platform of keeping America a neutral party, he set about provoking a Japanese attack sometime around the summer of 1941.  This resulted in an oil embargo, the forceful limiting of exports, and freezing the country’s assets within the U.S.  It was the equivalent of an economic fatal wound to resource-poor Japan.  Not only that, but in recent years it has been confirmed that Roosevelt had prior knowledge of the Pearl Harbor attack and actually withheld key information from commanders at the naval base.  As Vice Admiral and aid to the Secretary of the Navy Frank E. Beatty noted at the time:

Prior to December 7, it was evident even to me… that we were pushing Japan into a corner. I believed that it was the desire of President Roosevelt, and Prime Minister Churchill that we get into the war, as they felt the Allies could not win without us and all our efforts to cause the Germans to declare war on us failed; the conditions we imposed upon Japan—to get out of China, for example—were so severe that we knew that nation could not accept them. We were forcing her so severely that we could have known that she would react toward the United States. All her preparations in a military way—and we knew their over-all import—pointed that way.

Following World War II, every conflict the U.S. has engaged in has been either to the benefit of wealthy special interests or in reaction to its own misguided policies.  The Cold War was a four decade long gift to the military industrial complex against a supposed world power that collapsed due to its state-run economy.  The various bombings and occupations of Middle Easter countries which followed have only served as excuses to not end the flow of money into the pockets of politically connected military contractors.  And the Iraq War, as everyone now knows, was based on the lie of Saddam Hussein possessing weapons of mass destruction.

One would think with such a rich history of political patronage in the death industry, Americans would be adamantly opposed to war.  Yet the usual players in Washington are once again pounding on the war drums in the name of spreading American values.  The target this time is Iran and at least one presidential candidate in this fall’s election has vowed to use military force on a nation that hasn’t bowed down and kissed Uncle Sam’s jackboot.  The problem is Iran has the hubris of refusing to be bullied around by the U.S.  Such an attitude undermines American imperialism in front of the rest of the world.   It must be stomped out by any means necessary.

And then there is the big financial push for an Iranian war going on behind the scenes.  The pro-Israel lobbying group, the American Israel Public Affairs Committee, has been aggressively pushing for war and appealing to top lawmakers and the heads of Washington’s warmongering apparatus.  President Obama has already assured the flush lobbying group that “the United States will not hesitate to attack Iran with military force to prevent it from acquiring a nuclear weapon.”  Department of Defense Secretary Leon Panetta made the same promise.  Just last week, 44 Senators, including many Democrats, sent an AIPAC letter to the President urging him to consider military action if Iran continues with its nuclear program.  The letter essentially makes war the only option on the table as Glenn Greenwald of Salon points out:

This implication is clear: a military attack by the U.S. on Iran is at least justified, if not compelled, if a satisfactory agreement is not quickly reached regarding Iran’s nuclear program. At the same time, the letter itself virtually ensures no such agreement is possible because the conditions it imposes as the “absolute minimum” are ones everyone knows Iran will never agree to (closing the Fordow facility and giving up its right to enrich uranium above 5 percent).

Not only is the push for war bipartisan, but much of the media establishment has been devoid of criticism of the constant war rhetoric. Even though Israel has nukes of its own, many of its supporters portray the country as a weakling in dire need of assistance from the bully of the Middle East schoolyard.  Worse is the complete disregard of the fact that there is no actual evidence that Iran is concocting a nuclear weapon.  According to the CIA’s own National Intelligence Estimate of 2007, Iran put a stop to the development of nuclear weapons in the fall of 2003.  Other Western nations such as Germany, France, and Britain, deny the report’s conclusion.  Meanwhile Israeli Prime Minister Benjamin Netanyahu has gotten impatient of the reluctance by the U.S. thus far to act militarily against Iran.  Like a good politician, he wants prestige without the dirty work.  That’s what America is for.

Despite already being engaged in drone wars in Pakistan, Somalia, Yemen, and still occupying Afghanistan, the U.S. is being duped into yet another war based on shaky evidence and at the behest of deep-pocketed special interests.  This is coming even while a secretive cyber war already being waged to damage Iran’s nuclear capability.  According to the Pentagon, “computer sabotage coming from another country can constitute an act of war.”  Not only that, but the draconian sanctions thus far placed on Iran are doing enormous harm to the citizens who hardly have a say in what their government does.  The Belgium-based SWIFT payment system that facilitates most international payments has already denied service to many Iranian banks.  With the imposing of an oil embargo from the European Union just around the corner (July 1st) that will all but make it impossible for oil tankers to be insured by Lloyd’s of London, an actual naval blockade is being floated by U.S. lawmakers.  Much like the Antebellum South and Japan, Iran too is being pushed into a corner.

What makes the campaign to extend the War on Terror to Iran is that the anti-American sentiment in the higher echelons of its government are only a consequence of previous meddling.  After Prime Minister Mohammed Mossadegh nationalized the oil industry in 1953, British Petroleum used the CIA to overthrow the popular leader and put the Shah back in power whose authoritarian rule would be financially supported by the U.S. up to the Islamic Revolution of 1979.

Then and now, wealthy special interests are a driving force behind American imperialism.  Lies will be spun till they are seen as facts.  When the truth comes out, the irreparable damage will already be done.  Like anything the state lays its filthy hands on, war is a racket.  The beneficiaries of the ruling class’s gleeful foray into mass murder are few in number.  The masses, still brainwashed into feverish nationalism, end up paying the costs with their pilfered income, eroded liberty, and, ultimately, their own lives.

As Major General Smedley D. Butler wrote in his seminal essay War Is A Racket

WAR is a racket. It always has been.

It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.

A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small “inside” group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.

The only weapon against such an immoral system of mass murder and cronyism is to know the truth and to not fall ill with the fever of war.

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rambo1028's picture

I like music of all kinds... Cash is one of my all time favorites. I just think the lyrics, particularly Jay Z lyrics, are very insightful and indicative of the kind of world we live in. and I actually ended up really liking his music.

IrritableBowels's picture

Jay-Z sucks.  Listen to Nas for (more) truth.

GhostfaceCracka's picture

Jay Z is an exemplar of the thug lifestyle/ mentality that is responsible for probably 507 of those 509 murders. What's he doing, bragging? Hilarious when those no-account apes raise consciousness about a problem they part of and responsible for.

cranky-old-geezer's picture



How can there be any satisfaction with low death counts when we shouldn't even be in Afghanistan?

spankfish's picture

LednBrass, I am a retired from the Baltimore Police.  You are right about Baltimore, the City that bleeds.  I worked the Southwestern, Northern and Eastern Districts of Baltimore.  Baltimore is an extremely violent city and with Kill-A-Delphia to the north and the logic free zone of DC to the south... murder in the news is never far behind.

I remember one murder scene in particular when a van rolled up at Old York & 41st St. The doors slide open and young black men wielding 7.62X39 caliber firearms unloaded on a crowd.  It looked like a war scene out of downtown Beirut.  Just a little drug war between the peeps.  I think the drug gangs in this country would give the Beirut militiamen a run for their money.  These guys are territorial and dissing them brings instant retribution.

Buck Johnson's picture

I totally agree with you.  The trillions that was used to bailout and backstop in guarantees banks and the trillions in killing could be used to make the US into a paradise.  New technology, orbital manufacturing for new materials, research and developoment into new rocketry and propulsion for inter-planetary and interstellar travel etc. etc..  We could remake the US into a place of the future.  But what is happening is our money is being used to maintain a status quo of powerful elite who wants everything to stay the way it is for as long as they can.

Wjunk's picture

And you would rather the money be extracted from the earners to fund all this - so we can still knee deep in debt to create paradise?  How 'bout we just leave the money in the people's hands to make their own mini-paradise.

Lednbrass's picture

No, no, no- havent you watched Star Trek? His future world has global centralized government and electronic credits for all. Just let go of your greed and become a global citizen, give the wise planners what they want from you and we can create interstellar ships allowing us to go to war with as yet undiscovered aliens in the future. The stimulative effect of galactic war will be tremendous.

It will work, TV says so.

Bollixed's picture

With as many Space Cadets as we have running things you'd think we could have polluted Pluto by now.

tarsubil's picture

Hey, don't rip Star Trek too much. It has latinum (space gold) and the Federation of Planets (more autonomy than a Republic).

rambo1028's picture

Did you ever think that if the money was left in the peoples hands that we might actually be capable of doing great things like the he suggested? With all of our funds at our disposal, I think our ingenuity would be astounding...just sayin

BotMightFly's picture

Interesting concept 'leave the money in the people's hands to make their own mini-paradise' and I agree, this is a wonderful idea, something I've supported for decades.

However, from bottom to top, the transformation to a third world style of government in the US is complete.  Agenda 21 NGO via ALEC (American Legislative Exchange Counsel ) sell memberships (insert search engine) to rewrite state laws Alec rewrite state laws On the county level, ordinances are drafted for Community Development profit and targeted at people, groups, places, and targets of opportunity - political discretion. 

From the no-bid zero law change after Iraq war and several private companies getting caught for overcharging, intentionally destroying trucks for a flat tire, the list is long and not one change in the law to deal with that, how real is the corporaticracy being democratic or fair when they have been anything but...

cranky-old-geezer's picture



The right outlook is don't give trillions to anyone.

Between taxes and inflation (a hidden tax) 50% - 60% of people's income is taken by government (at all levels).

No economy can survive that.  No society can survive that.


Go Tribe's picture

Forget about fixing all that stuff. Why doesn't the USA simply give us back our taxes?

Bansters-in-my- feces's picture

Why is the USA wasting trillions on spraying my sky with CHEMTRAILS...???

Or is someone or some corp making big profits off of it.????

Spraying us with chemicals daily is terrorism.

It is denied by the govt,but if you can not see it daily you are fucking reterded or blind,or both.

STOP FUCKING SPRAYING ME...!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Cathartes Aura's picture


choose your source:

and for those who downvote, give yourself some time to read some pages here:

there are many different versions of "reality":

rambo1028's picture

Now you guys are goin to have me noided out about chemtrails. Thanks man! My family already thinks I am looney lol...but that hasn't stopped them from doing some basic prepping at my advice...

Cathartes Aura's picture

if you're looking into detoxing aluminium from your body, cilantro is good - but be sure to take chlorella daily as well - the cilantro will free up the aluminium, but you'll need the chlorella to bind it and carry it out of the body, otherwise it just settles in again. . .

if you're home gardening, test your soil as well. . .

best wishes.

Cathartes Aura's picture

awww petal, you can't learn about "chemtrails" when your search words are "contrail+photo". . . bless.

you don't have to "believe" in something for it to be real though, you just have to not want to know about it, irrespective of its existence.  any effects will no doubt be ascribed to a more .gov approved explanation. . .

Randall Cabot's picture

"Also leave the Iranians alone. They are no threat to the US and Israel, except in the minds of people who like to profit from war, killing others for money."

If you think it is only about money, you are a moron.

DaveyJones's picture

you're "right" it's also about religious freaks in our government and military

but as usual, they are only tools of .... the money

GhostfaceCracka's picture

You are talking about Jews, right?

Excursionist's picture

Agreed about other motives.  Let's allow a theocratic state, run by old sexually repressed idiots who believe they'll get 70 virgins in paradise if they make the ultimate sacrifice for Allah, a nuclear bomb.  Absolutely fuckin' brilliant.

And yes, Iran is trying to negotiate for the "peaceful" use of their uranium enrichment because the country really doesn't have uranium enrichment technology and facilities.  Err, yeah... irrefutable logic.

Sending them to meet their Allah (sooner) would be an excellent use of my tax dollars for a change.

Eireann go Brach's picture

Tyler, why are you not covering Germany vs Greece at the Euros tomorrow? Banzai too? Merkel is going to be in the stadium tomorrow, surely Merkel is going to take a public pounding tomorrow?

CCanuck's picture

She's taking a pounding right now, got'em all lined-up, Greece, Italy, Spain, Portugal.


F. Bastiat's picture

You confuse the "US" and the "USG".

WTFx10's picture

BANKSTERs make no money on those things. More to be made rebuilding what you have destroyed.

Escrava Isaura's picture

Colombia Gringo,

See if this helps. By Mannfm11 at Market Thicker:

“You have to understand the real basis of American economics.

War is the bubble. Peace breaks the bubble.

By America having wars…,

even when unwinnable,

it keeps its bubble”

rotagen's picture

As long as its good for israel.

Cognitive Dissonance's picture

At the risk of committing sacrilege... who exactly is the Ludwig von Mises Institute of Canada and are they connected with the Ludwig von Mises Institute.

disabledvet's picture

Not only that but i thought it has now been admitted that the President and Israel were the one's who hit Iran with the cyber attack. If that's now "an act of war" does a Sovereign Nation have a right to self-defense? And "can they use the Bush Doctrine of Pre-emptive War" as a method of "said defense"? Not that there wasn't an order for the go ahead from Congress i'm sure. Or is that investigation into "how it was leaked in the first place"? I'm i not making sense here? Now excuse me while I turn La Paz Bolivia into the wealthiest place on earth...

BLACK_DOG's picture

Bolivia uses Israeli-made drones!

i-dog's picture


"excuse me while I turn La Paz Bolivia into the wealthiest place on earth"

Good luck with that!

"Bolivian police earn about $144 a month and were not appeased by a 7 percent government-decreed wage increase this year."

disabledvet's picture

watch as "250 billion in social media money follows Mr. Assange there."

DaveyJones's picture

you forgot, when we do it, it's on the side of right, when they defend, well...

CPL's picture

Yup.  Even have a Hellfire club up in Montreal.

Dr. Sandi's picture

I'm guessing the Ludwig von Mises Institute of Canada would be a couple of guys with a plan who know that dead people can't sue you for the use of their name. (Unless the deceased is Walt Disney.)

At least this epic tome from LvMIoC isn't a complete whore's night out for the Sociopath's Club. But they've already spent all their coinage with me on previous rants, despite the colorful cover of the von Mises umbrella.

Now, if they show some real scrotal fortitude and change the name to "The Walt Disney Institute of Canada", then I'm there, cheering them on through 20 years of lawsuits. Especially if they can get back to railing against the wasteful use of money to keep useless widows and orphans alive.

Walt's frozen head would be smiling.



illyia's picture

Good Question. But it was a factually correct article otherwise, as far as I can see.

slewie the pi-rat's picture

this is not factually correct imo b/c it treats the US as a monolithic society;  he may wish to do that for his propaganda and lying purposes, but that does not make it true

let me give an example:  after he posits the question of why the truth about the civil was isn't taught in public school (as if he were in charge of either truth or public education), apparently it is b/c of war and we just hafta lie about war b/c the real reasons would make us seem like murderers instead of patriots interested in Justice and Love

anyhow, he comes up with [Paste} One would think with such a rich history of political patronage in the death industry, Americans would be adamantly opposed to war. {end]

this is what i mean by monolithic;  slewie is american and slewie is fine with non-violence as are many here;  i don't like the death penalty and killing people is not my idea of a good idea

every time a read this guy i feel duty-bound to point out that he is an ideologue and as such cannot think straight and may be quite dangerous  by creating ideological "reasons" to do things politically in the US which would perhaps increase the chances of WAR (!)

liberals and ivory-tower keynesians are not the only shitheads who can offer bullshit policies or ideas w/ unintended consequences

although i appreciate any attempt to cut thru the propwash, a hackneyed ideologue spiel doesn't hack it;  the object is not to replace one set of blinders with another set of blinders

politically, our choice as americans this year will be pretty simple; one of these candidates may actually be more able to control the military adventuring from here than the other in the sense of dampening it from here politically

if you care about peace at all you will think thru that yourself, for these two asswipes;  i would suggest not using the "objective analytical skills" of this author in approaching that question of these two creepy political hacks

there is nothing in this guy's "work" which is original; however, i shall not again ask tyler to spare us this stale fare

not when we have all this to study...  as people devise new ways to make friends and influence others who are apparently asleep

myself, maybe let them sleep and just try to navigate around them rather than try to enlist them in something which has neither plan not direction but is surely necessary... 

what is surely necessary at this point is for a whole lot of people who have been pretending to be awake... go back to sleep...    {get it?  L0L!!!]

potlatch's picture

indeed.  ideology even when tricked out with a full history regalia (Look!  I go back to the Civil War!), is no substitute for a broad and deep education, in which simply knows the panorama of history and ideas, from ancient to modern, much as a child knows their times tables, and then such little puzzles and conspiracies like this get really tedious to read...

slewie the pi-rat's picture

you don't understand my political sense here, perhaps

i mention this b/c tyler just  recently started  featuring this jackass 3-4X/week here; and as we see from the zH ads, politics pays

people who believe in coincidences where idieologues are concerned around big political elections can ride my unicorn over to see the toothFairy, ok? and plead "innocent" when they get there, too!

so this is fun! seeing if people can wake up to propaganda or pretend they are awake as they react to the stimulus of "truth in history" according to a set of orthodox beliefs

this guy is talking about american "thought", truth, and education in an election year BUT there is NO AUSTRIAN CANDIDATE

as tyler sez:  everybody's got an agenda

tyler's business is tyler's business;  this link is from this page and is on every zH page below the logo in the topRight corner, weighing in for the fight tonight at..., ...manifesto

i am a student of austrian economics and this political analysis is not horrid to me except in its insistence on the monlithic nature of "americans"

but that's not nothing to slewie;  that is not truth;  that is a convenient lie for the sake of propaganda imo

this guy is so bad he reminds me of annCoulter;  tyler puts this shitheaded ideologue up, he's on my dance card:  zH101

to the best if my knowledge, austrian economics does not insist upon the monolithic nature of americans politically; and i don't enjoy people from other nations propagating lies about americans' beliefs or something on zH;  not enuf traffic on the home site?  tyler's agenda?

again, the fact that i agree with much of this doesn't excuse me from noticing what he is doing here, ideologically;  the compulsion to explain everything according to orthodoxy is the hallmark of ideological marxism, catholicism, and our author here, also;  it is a tell;  if he admits a flaw in the canon, he has failed as an ideologue

he's very good at displaying this tell 3-4X/week, but on zeroHedge?  priceless!  Hahaha!

falak pema's picture

for once you sound sober on your bicycle.

RiverRoad's picture

Where have all the flowers gone?

Seize Mars's picture

This is a great article.

Forgive me friends, because I know I've typed this before, but I really recommend reading "A Century of War: Anglo-American Oil Politics and the New World Order" by this guy Engdahl. As I learned in this book, we've been pestering and haranguing the Iranians for nearly a hundred years. Well I shouldn't say "we." I mean, well the usual suspects: Rockefellers et al.

Anyways this warmongering is bad.

disabledvet's picture

Oil is getting hammered. You could argue "it's because we went to war for oil in Iraq." However I would agree "something about the whole wrecked economy thing" probably had just a wee bit to do with it. Of course this new variant is to DENY Iran the ability to EXPORT oil. Hmmmmm. How is that "helping"? At least if i steal your oil "there could be construed to be beneficiary" ("me the thief.") When I deny you the ability to sell your oil precisely who at all benefits? Not even the criminal, no?

fonzannoon's picture

everyone is running towards the burning house (the dollar). they will run away at some point and the spike will be eye popping

Harlequin001's picture

That will be th e instant that Europe actually goes bang. Then watch what happens to the USD the instant there is a new European alternative not linked to collective debt...

or gold. The clock is ticking...

disabledvet's picture

You're talking to the guy who called "Europe going bang" three years. And "they have gone bang" have they not?'s not the Fall of France followed up by a true "horror of horror's." Who would wish for that? But trying to break the dollar cartel (and i do agree with you it is a cartel) is everywhere and always a Bridge Too Far in my book.

disabledvet's picture

if by "spike" you mean "in interest rates" i already agree with you.