U.S. Foreign Policy: The Ukrainian Factor

A Freeman

Superstar
Joined
Nov 11, 2019
Messages
6,898

United States foreign policy at its core is remarkably simple to understand: control the flow of oil and you can control the rest of the world.

If the war in Ukraine is examined in this context, U.S. strategic goals there, and its connection to U.S. foreign policy in the Middle East, should become clearer.

 

A Freeman

Superstar
Joined
Nov 11, 2019
Messages
6,898
A Brief History of the Petrodollar

The July 22nd, 1944 Bretton Woods agreement established the U.S. dollar as the world reserve currency. The global financial system established at Bretton Woods required countries to guarantee convertibility of their currencies into gold-backed U.S. dollars, which foreign governments and central banks could then redeem in gold bullion, if desired.

Several months later, on February 14th, 1945, U.S. President Franklin D. Roosevelt initiated an alliance with Saudi Arabia, which cemented the relationship between the U.S. dollar and oil, giving birth to what is now referred to as the “petrodollar”.

The gold-backed monetary system was replaced on August 15th, 1971 when the U.S. terminated convertibility of the U.S. dollar into gold, reducing the dollar to a fiat currency. In 1979, the U.S. and Saudi Arabia negotiated the U.S.-Saudi Arabian Joint Commission on Economic Cooperation, requiring the use of U.S. dollars for oil contracts. This ensured the value of the U.S. dollar would remain artificially inflated, as other countries were forced to keep stockpiles of U.S. dollars on-hand to cover the costs of their oil contracts.

Being able to print U.S. dollars for nothing, with no redeemable gold-backing, has allowed the American nation to purchase whatever it wants with its monopoly-money, and thus abuse and live off the rest of the world virtually for free.
 

A Freeman

Superstar
Joined
Nov 11, 2019
Messages
6,898
Black Gold; Texas Tea

The nature of the financial system described above should make it self-evident that any threat to the status quo would be deemed “a clear and present danger to the national security of the United States”. It should be equally obvious that this system is what has allowed the U.S. to levy economic sanctions against its perceived enemies and its allies, and debt-finance the most expensive military in the history of mankind, to ruthlessly enforce their global hegemony.

“Let our position be absolutely clear: An attempt by any outside force to gain control of the Persian Gulf region will be regarded as an assault on the vital interests of the United States of America, and such an assault will be repelled by any means necessary, including military force.” — Jimmy Carter, State of the Union Address, Jan. 23, 1980

And who poses the biggest threat to the dying American empire’s continued control over the oil and other resources required to operate its political, economic and military machinery?

Russia, China and Iran’s control of the Strait of Hormuz.

Russia is the third largest oil producer (11.3 mb/d) behind the U.S. (17.6 mb/d) and Saudi Arabia (12 mb/d). Russia is the world’s largest oil exporter to global markets, and the second largest crude oil exporter behind Saudi Arabia. The map below shows the network of existing and proposed pipelines from Russia through and around Ukraine, to Europe.


China is the world’s largest oil and natural gas importer. For the first-half of 2023, China imported 2.13 million barrels per day of Russian crude oil, making Russia its single biggest supplier. In June, China once again imported record-breaking levels of Russian crude, amounting to a 44% increase compared to the same month in 2022.

Further, BRICS members Russia and China have been conducting joint military exercises since 2005, recognizing that American greed and ambition, not so cleverly disguised and deceitfully advanced as NATO peace-keeping efforts, would not stop at their doorsteps, but would continue until Russia and China too were subjugated.

The circumstances that have brought about all of the sanctions, “regime changes” and proxy wars funded by the U.S. government (at the U.S. taxpayers’ expense) over the past 70+ years have one thing in common: they either threaten or are presumed to threaten the oil-dependent, petrodollar empire. Labels such as “communism”, “dictatorship”, “liberal, left-wing extremism”, and “terrorism”, etc., are merely recycled and reused to start wars all over the world to advance American imperialism, the lifeblood of which is oil.
 

Flarepath

Star
Joined
Sep 4, 2023
Messages
2,143
..United States foreign policy at its core is remarkably simple to understand: control the flow of oil and you can control the rest of the world...
Economics is not my strong point, but let's suppose Russia (or any other country) controlled the worlds oil, how would that affect us in the West, would it mean our bicycles and door hinges begin to squeak because of lack of oil or what?
 

A Freeman

Superstar
Joined
Nov 11, 2019
Messages
6,898
The first image below is the front of the potential new 100 BRICS note. The second image below is the rear of that same potential note:

1) Front

SAMPLE-BRICS-Currency-note-Front_medium.jpg

2) Back

1694104169267.jpeg

While these designs have not been finalized, the fact that currency design is already underway shows how serious the rest of the world has become at replacing the US Dollar, to avoid U.S. meddling in their affairs via "sanctions."
 

Floridafoot

Established
Joined
May 10, 2022
Messages
251
Economics is not my strong point, but let's suppose Russia (or any other country) controlled the worlds oil, how would that affect us in the West, would it mean our bicycles and door hinges begin to squeak because of lack of oil or what?
Lol! It is a bit more than that. Everything is effected by the price of oil because of the dependency on fuel to transport goods. It costs the farmer more to get supplies, this in turn causes food costs to go up across the board. Then, to have the food shipped across the world from the processing plants etc also requires more fuel. This causes more of an in increase in price. If costs more to fuel up your vehicle to go to the store to purchase the goods, then there's another multiplier for the expense.
 

Flarepath

Star
Joined
Sep 4, 2023
Messages
2,143
Here in Britain, the 'Just Stop Oil' protesters have been blocking roads etc, but I can't see their point.
I mean, we NEED oil don't we, or else every metal-on-metal surface would start screeching and grind to a halt-

jso.jpg
 

A Freeman

Superstar
Joined
Nov 11, 2019
Messages
6,898
 
Top