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Showing posts from April 13, 2008

Why Iran`s Oil Bourse can`t break the Buck F. William Engdahl, 10 March 2006 A number of writings have recently appeared with the thesis that the announced plans of the Iranian government to institute a Tehran oil bourse, perhaps as early as this month, is the real hidden reason behind the evident march to war on Iran by the Anglo-American powers. The thesis is simply wrong for many reasons, not least that war on Iran has been in planning since the 1990s as an integral part of the United States' Greater Middle East strategy. More significant, the oil-bourse argument is a red herring that diverts attention from the real geopolitical grounds behind the march toward war that have been detailed on this website, including in my piece, A high-risk game of nuclear chicken, which appeared in Asia Times Online on January 31. In 1996, Richard Perle and Douglas Feith, two neo -conservatives later to play an important role in formulation of Bush administration's Pentagon policy in the

India and Its External Security

Vikram Sood There was always more than one India living together for most of its history. Today at least two Indias are growing together. A traffic jam at the 32-lane highway toll tax plaza as motorists leave for work with the occasional Bentley and its sole occupant gliding by the gates is not unusual. Nor is it unusual to see a camel drawn transportation system not too far on the side road close by or a three wheeler scooter rickshaw carrying sixteen passengers to work. This is the new India on the move – young, confident, buoyant, corporate and also a demanding 350 million consumer class. It signifies an awakening after years of colonisation that stifled and socialism that did not deliver. According to some Pakistani calculations, two of the country’s biggest industrialists, the Ambani brothers have enough resources to buy off the Karachi Stock Exchange with money to spare and four Indian industrialists can buy of the entire produce of Pakistan, the region’s second largest econo

Risky Geopolitical Game: Washington Plays ‘Tibet Roulette’ with China

by F. William Engdahl Global Research, April 10, 2008 Washington has obviously decided on an ultra-high risk geopolitical game with Beijing’s by fanning the flames of violence in Tibet just at this sensitive time in their relations and on the run-up to the Beijing Olympics. It’s part of an escalating strategy of destabilization of China which has been initiated by the Bush Administration over the past months. It also includes the attempt to ignite an anti-China Saffron Revolution in the neighboring Myanmar region, bringing US-led NATO troops into Darfur where China’s oil companies are developing potentially huge oil reserves. It includes counter moves across mineral-rich Africa. And it includes strenuous efforts to turn India into a major new US forward base on the Asian sub-continent to be deployed against China, though evidence to date suggests the Indian government is being very cautious not to upset Chinese relations. The current Tibet operation apparently got the green

Why must India kow-tow to China?

Source: REDIFF Francois Gautier April 18, 2008 For 60 years, China has humiliated India at every step. It betrayed Jawaharlal Nehru's naive trust in a Hindi-Chini bhai-bhai friendship. It treacherously attacked India from Tibet [Images] which Nehru had implicitly left to the Chinese, humiliating the Indian army which would take decades to recover. It directly or indirectly encouraged separatist movements in the Northeast; it used Nepal as a front State against India; it armed, and worst of all, gave the nuclear bomb to Pakistan, a crime against humanity. Today it is still sitting on a million square metres in Aksai Chin (supposedly given to Pakistan), which rightfully belongs to India; it claims Arunachal Pradesh, and sometimes Sikkim, does regular incursions into Indian territory and is still busy encircling India in Burma. The Chinese despise Indians, witness how they summoned the Indian ambassador at 2 am in the morning as if she was some lower hireling. Indian leaders a

Globalization Is Genocide

This article appears in the April 18, 2008 issue of Executive Intelligence Review. by John Hoefle [PDF version of this article] Globalization is genocide. What else would you call a policy whereby trillions of dollars are spent to bail out the banking system, trillions of dollars are spent on war, and people are deliberately starved by a combination of financial policy and food cartel machinations? It is a decidedly anti-human policy, intended to restore what the London-centered international financial oligarchy sees as the natural order of things: itself on top, and everyone else expendable. Globalization is a policy explicitly designed to destroy the nation-state. The globalizers claim that the nation-state is archaic, that it has failed, and must be replaced with a more "modern" form of world management—but that is a lie. The nation-state, and specifically the form of republic established by the Declaration of Independence and U.S. Constitution, is the highest form of

Is affordable credit still available?

Source: OXFORD ANALYTICA Given that a major cause of the current credit crunch was sub-prime mortgage lending, it is perhaps inevitable that the very same sub-prime borrowers are the most badly hurt by its effects. In addition to fledgling US sub-prime homeowners who have faced foreclosure, vulnerable families continue to rely on credit to supplement generally low incomes. While relatively high interest credit cards continue to target such borrowers, credit card approvals have fallen across the board. Numerous lenders have reduced credit limits, and in some cases -- such as UK internet bank Egg, which is owned by Citigroup -- cancelled the cards of customers they judge to be at greatest risk of default. Credit alternatives Increasingly tight credit conditions have created a marketplace for higher cost sub-prime alternatives: Payday loans. Payday loans of small amounts for short period have mushroomed in many countries in recent years. However, the credit crunch has fuelled thi

Myanmar (Burma) – Referendum on 10th May - A Deception?

Guest Column by Dr. Tint Swe (The views expressed are those of the author) The Referendum Law for the approval of the draft constitution of the Republic of the Union of Myanmar 2008 is full of tricks letting the regime to do as it wishes. The Law carries a three-year prison term and with or without a fine of 100,000 Kyat ($90) for anyone who is charged for acting against referendum.[1] The Law does not set the timing when to release the vote results[2] (Notice the election in Zimbabwe.) The interpretation of the Law for postponement and cancellation of voting is in the hands of the junta.[3] Decree 5/96 of 7-6-1996 can punish criticism of the regime’s roadmap with minimum 5 years and maximum up to 20 years in prison and the organization can be disqualified and properties can be seized. The USDA[4] is assigned to oversee the referendum process as the commission and poll officials are from USDA which enjoys all extra-judicial privileges. Before it was officially published, th


By Dr. Subhash Kapila Background Readings: The following SAAG papers by this Author provide the necessary contextual background for this paper: “United States Fateful Choice: Save Afghanistan or Save Pakistan” Paper No. 2585 dated 13.02.2008 ( “Afghanistan: United States and NATO Need to Set Strategic Priorities Right” Paper No. 2124 dated 06.02.2007 ( “Afghanistan: The United States Wakes Upto Taliban Resurgence” Paper No. 1874 dated 12.7.2006 ( Introductory Observations Afghanistan has once again rightfully shot back into focus especially in the United States where in a presidential election year national security issues and challenges receive detailed scrutiny. Afghanistan has also shot back into strategic focus as it is has finally dawned on the United States that a strategic success in Afghanistan ca