Defending the dollar
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The Natal Witness
DUNCAN DU BOIS
Writing in the Sunday Times on March 30, Judge Richard Goldstone stated that there were only two lawful ways in which the U.S. could use military force against Iraq. One was if the UN Security Council sanctioned it; the other was in the case of "dire self-defence". The U.S. war against Iraq is in dire defence of dollar imperialism against the threat of the euro.
Put another way, the war is about world economic dominance. That, according to Australian analyst Geoffrey Heard, is the reason for the Bush Administration's determination to oust Saddam Hussein's regime, because his policy of selling oil in euros is threatening U.S. global hegemony.
The origin of Establishment America's problem with Iraq goes back to 1999 when Iraq broke ranks among the oil producers and began to trade its oil in euros instead of U.S. dollars. As Heard notes, under an Opec agreement all oil has been traded in greenbacks since 1971. America's monopoly of the oil business has premised the U.S. dollar's supremacy among world currencies. Initially the U.S. scoffed at Iraq's move to the euro but by 2001 disdain had turned to alarm. Iran indicated an interest in changing to euros while Russia has been seeking to increase its oil production aimed at European sales - in euros, of course. Venezuela, the world's fourth largest producer, has been cutting out the dollar in its dealings and bartering with various countries, including Cuba.
The net result of these developments meant that the dollar's stranglehold on oil was slipping and with it America's dominance of world trade. With Iraq having the world's second largest oil reserves, the American Establishment, which is sodden in oil investments, simply had to act against Saddam - even if it meant going to war. The alternative was the meltdown of the U.S. economy.
America was in serious trouble long before the Al-Qaeda attacks of September 11, 2001. Its real threat came not from the Middle East so much as from the EU with its new currency, the euro. Commanding 40% of world trade, the EU poses a major challenge to continued U.S. dominance. If only a few Opec members switched to euros, argues Heard, that would hurt the U.S. in two critical ways: it would result in a stronger euro and an increase in the "eurozone" and it would trigger dollar dumping and depress the greenback's value.
With the dollar facing bleak times, the only thing left for the Bush administration as the proxy of Establishment America (Al Gore would have had to have done the same) was to come out fighting. In one respect, Bush has been very frank about the purpose of this war. He has said it is to protect the American way of life. Indeed. And that means ensuring the reign of dollar imperialism.
The war against Iraq is, therefore, a war both to defend and to assert dollar dominance. Heard sees four objectives for the U.S. in this war:
- return Iraq's oil reserves to the dollar circle;
- send a clear message to other oil producers as to what will happen to them if they try to leave the dollar zone;
- deal a setback to the EU and its euro;
- use the war as a cover to get Venezuela's oil back into the dollar circle by means of covert CIA action.
The cost of the war is not measured in terms of the images shown on our television screens. In fact, in Uncle Sam's view the cost of going to war is negligible compared to the cost of not going to war. The possible loss of U.S. power and the end of dollar imperialism, as far as Washington is concerned, far exceeds all other considerations.
The final aspects of Heard's analysis provide insight as to the positions of Australia and the UK. Having significant U.S. dollar reserves and strong trade links with the U.S., it is in Australia's interests to support the U.S. and to see to it that the ascendancy of the euro is checked. Britain, which has yet to adopt the euro as its currency, stands to gain time and room to manoeuvre by siding with the U.S. A U.S. victory would also, in effect, give the EU principals, France and Germany, bloody noses and place the UK in a position either to demand a better deal from the EU for adopting the euro or to distance itself from Europe and to align with America. A weakened and divided EU is a U.S. policy strategy.
Whose side should South Africa be on? It's really a case of Hobson's choice. When the U.S. economy went concave in 1929, the whole world was sucked in to its depression. Only the mad mullahs would want a repetition of that. Which is why the anti-U.S. rhetoric of the ANC government, compounded by Nelson Mandela's virulent anti-Bush remarks, is shortsighted. It would have been far better to have adopted a neutral stance, particularly since an election is due in a year's time. In 1999 the ANC's election expenses enjoyed considerable American and Middle Eastern funding. Given the physical and political costs of the war, the chances of a repeat of such funding in 2004 must range from uncertain to unlikely. Nonetheless, the aftershocks of the war on Iraq may cost the ANC dearly.
- Duncan du Bois is a DA Durban Metro ward councillor. He writes in his personal capacity.
Publish Date: 4 April 2003
OAS Media Guardian Issues New Report on The Americas
<a href=usinfo.state.gov>Washington File
03 April 2003
(Says assassination of journalists remains serious problem in
hemisphere) (620)
Washington -- The assassination of journalists continues to represent a serious problem for freedom of expression and information in the Americas, says a human rights officer for the Organization of American States (OAS).
Eduardo Bertoni, whose title is Special Rapporteur for Freedom of
Expression, said in a report released April 2 that assassinating
journalists violates the right to life and "leaves all other social
communicators in a state of extreme risk and vulnerability."
Bertoni said that "sadly," many of the crimes against journalists go
unpunished. Freedom of expression, he continued, "is one of
democracy's most cherished rights. Yet practices unfortunately exist
in the hemisphere that seek to restrict it."
During 2002, Bertoni said 10 media workers were assassinated in OAS
member states while they were exercising their professional duties. In
addition, Bertoni said the "arbitrary use of criminal slander and
libel charges to stifle criticism of civil servants continued and
scant progress was noted regarding the promulgation of laws to protect
the right of access to information, a matter vital to transparency in
public affairs."
Bertoni's findings follow the March 31 release of the U.S. State
Department's Country Reports on Human Rights Practices for 2002, which
documented that freedom of expression and freedom of the press are
being restricted in such countries as Cuba, Venezuela, and Haiti.
In Cuba, for example, the State Department said the regime of Fidel
Castro continued to harass, threaten, arbitrarily arrest, detain,
imprison, and defame journalists and other members of independent
professional associations. It also said Cuba limited the distribution
of foreign publications and news, and maintained strict censorship of
news and information to the public.
In Venezuela, the Department said press freedom "deteriorated
significantly" during 2002 and that violence and threats of violence
against the media increased markedly, as did government intimidation.
As a result, self-censorship by the Venezuelan media was thought to be
widespread.
Intimidation of journalists also continued to be a problem in Haiti.
The Department reported attacks on journalists by supporters of the
Haitian government, and that the country's legal system provided
limited protection or redress. Journalists were accused of
destabilizing the government and often subjected to anonymous threats
of kidnapping and murder, while police and government officials often
failed to protect journalists during civil unrest. The Department
pointed out that the OAS said the "murder of journalists in Haiti,
along with a large number of complaints regarding harassment and
threats against journalists, the media, and other social
communicators, have created an unfavorable environment for freedom of
expression."
Bertoni, the OAS special rapporteur, praised those countries which
have provided financial backing and other support to strengthen his
office's activities --a list which includes the United States,
Argentina, Brazil, Mexico, Peru, and Sweden. Such backing, he said, is
"indispensable" to the office's "proper functioning and execution of
mandated activities."
The official concluded in his report that freedom of expression
remains restricted in many countries of the region. Democracy, he
said, "demands a sweeping freedom of expression, which cannot take
root under the shadow of state mechanisms still in place to curb its
unfettered exercise."
To improve the situation, Bertoni recommended that assassinations,
kidnappings, threats, and intimidation against social communicators be
investigated. He also called for revoking laws concerning criminal
contempt, defamation, libel, and slander, and the passing of
legislation to allow for access to information.
Bertoni congratulated journalists, social spokesmen, and defenders of
human rights, among others, who have "demonstrated courage and
determination in their struggle not to be muzzled in the exercise of
this most fundamental right" to freedom of expression.
(Distributed by the Office of International Information Programs, U.S.
Department of State. Web site: usinfo.state.gov)
This site is produced and maintained by the U.S. Department of State's Office of International Information Programs (usinfo.state.gov). Links to other Internet sites should not be construed as an endorsement of the views contained therein.
Colombia President To Meet With Venezuela's Chavez April 23
Source
BOGOTA -(Dow Jones)- Colombian President Alvaro Uribe will travel to Venezuela April 23 to meet with that country's president, Hugo Chavez, the Uribe's office said in a statement Thursday.
The leaders will meet in San Cristobal, a town on the Venezuelan side of the two nations' border. They plan to discuss border security issues and trade as well as social and economic development, said the statement.
ADVERTISEMENT
A general strike in Venezuela in December and January that sought, but failed, to oust Chavez from power, severely hurt bilateral trade between the two countries. Colombian exports to Venezuela plunged 72% in January to $35 million from $125 million in January 2002.
Also, Colombian exporters are owed more than $300 million by Venezuelan importers because foreign currency restrictions in Venezuela have made it difficult for those importers to get dollars.
-By Dan Molinski, Dow Jones Newswires; 571-600-1980; colombia@dowjones.com
April 11 victim's father to appeal court sentence freeing Llaguno Bridge shooters
<a href=www.vheadline.com>Venezuela's Electronic News
Posted: Thursday, April 03, 2003
By: Patrick J. O'Donoghue
Mohamed Mehri says he will appeal the sentence freeing the Llaguno Bridge Four at the Supreme Tribunal of Justice (TSJ). Mehri, whose son was one of the April 11 victims, has already been to the Inter American Human Rights Commission (IAHR) to lodge a complaint against President Hugo Chavez Frias.
"The latest appeal will reach the TSJ where it seems that each TSJ decision is in line with the government's interests ... we are preparing international actions and approaching the International Tribunal of Justice where there is no such thing as impunity."
- Mehri says he expects the Llaguno Bridge case will end with a presidential pardon ... "the National Executive wants to turn the shooters into heroes."
Lawyer Gonzalo Himiob, who unsuccessfully tried to bring a lawsuit in Spain against Chavez Frias for crimes against humanity, argues that the sentence is politically and legally incorrect and sends a clear message to government supporters that they have State support to use violence.
Colleague Alfredo Romero complains that families of opposition lawyers have received threats.
Venezuelan Foreign Minister disputes US State Department human rights report
<a href=www.vheadline.com>Venezuela's Electronic News
Posted: Thursday, April 03, 2003
By: Patrick J. O'Donoghue
Venezuelan Foreign Minister Roy Chaderton Matos has reacted negatively to the US State Department annual human rights report. Stating emphatically that there is no violation of human rights in Venezuela, Chaderton Matos admits mistakes have been made but there is a public debate.
"Reports by certain international judges must be taken with caution, especially when they touch on such delicate matters as violence."
Replying as Venezuelan Ministers are wont to do, the Foreign Minister hits out at" levels of influence" in many countries that promote themselves as the judges of other countries' conduct ... "we have to live with that and express our disagreement when there are motives to do so."
Venezuela, Chaderton Matos comments, could draw up a human rights report on other countries but it would not be the right moment since the world is in the middle of a war.
The US State Department report highlights documented summary killings (by Venezuelan police forces) that have gone unpunished, cases of torture in prison and generalized police abuses.