IT’S ALL TO DO WITH OIL, MATE.
Maori lament the legacy of British colonial tyranny. Their focus has been theft of land rather than being defeated by the musket.
Australia’s Indigenous lament of British colonialism is not confined to loss of land but horrendous genocide.
Fast forward from 19th Century to 20th Century and America emerged as the next Ozymandias and the inevitable, “Date with Destiny: Demise”.
But! How can this Colossus collapse?
Succinctly? Shit happens, if you’ll excuse reversion to the vernacular for a moment.
As the trend in the above link foretells; the 21st Century looms as “Day of Reckoning”.
It’s all to do with OIL, mate.
Religion is definitely the major cause of war over the centuries and today remains a massive contributor to murder in the name of Righteousness. But Oil has taken stage as “King of Kings”.
Oil is to today’s, religion.
The petro dollar was negotiated by Henry Kissinger with the Saudis shortly after Nixon took the US off the gold standard.
The agreement stipulated that all Saudi oil would be sold in US dollars, commonly called petro dollar. This creates a demand for US currency and hence keeps its value elevated as a result.
As the price of oil increases so does the demand for the US dollar. The Saudis in turn invested their petro dollars in US Treasury Notes. In other words, they purchased US debt.
This increased the money supply in the US and helped finance the consumption society that developed in the US and the demand for more imported goods especially from China in recent years.
Collateral damage emerges in the form of US corporations using cheap labour in China which leads to rising unemployment in the US and a trade deficit (US v China) which precipitates the current war America can’t win i.e. tariff war.
Most international borrowing takes place in US dollars. In third world countries whose currencies are inevitably weak, their economies are very susceptible to any rise in the US dollar as their borrowing costs (interest on loans) increases with any increase in the US dollar.
The US dollar is also the world’s reserve currency in which most trade between nations is settled. This too creates the demand for the dollar. And here we get to the nub of Why so many wars where America is involved?
The value of the dollar is backed up by the US military might who have a history of challenging any nation that dares to challenge their reserve currency status.
OIL trade underpins the above.
One can appreciate therefore, that the US is keen to retain their current status as the world’s reserve currency and go after anyone who challenges their position like Gaddafi in Libya.
With the BRIC nations organising against the reserve status of the US dollar, if they succeed in replacing it as the sole reserve currency, the value of the US dollar will decline as there will be less demand. This will import inflation into the US as the cost of goods to feed their consumption will increase in US dollar terms.
The problem that arises with the BRIC countries is that they include both China and Russia, who individually (and indisputably together), have the military might to challenge the US if they try to enforce the dollar’s status.
As Percy Shelley once penned, of Ozymandias:
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
Nothing beside remains. Round the decay
Of that colossal Wreck, boundless and bare
The lone and level sands stretch far away.”
Ross is an international businessman and entrepreneur. In 2016 Ross was appointed Honorary Consul for the Kingdom of Morocco. In New Zealand he is trustee and managing director of absentee Russian owned forestry and commercial property.
Ross has a bachelor degree in politics and management, a master’s degree in economics, statistics, law and policy and C.O.P’s in law.
From 2004 he lived and worked in Zimbabwe, Russia, Czech Republic, Thailand and the Balkans.
Since 2005 Ross has established business interests in aqua culture and fisheries development – from Morocco to Syria: U.A.E and North Korea.
In 2015 Ross was prime speaker on sustainable fisheries as guest of the Moroccan government at CRANZ Montana ‘Sustainable Resources: Africa’ conference, and an official guest at the 2017 forum.
A former Member of Parliament (1987–1996) and Member and the Executive Council of New Zealand in the National government, Ross was Under Secretary (junior minister) Agriculture & Forestry; Cabinet Committee Industry & Commerce & Chair Select Committee Fisheries.
Subsequent to parliament, he owned equestrian facilities; was elected to local government as a councilor; consulted to several major fishing companies, was engaged by parliamentary services as adviser to Rt. Hon Winston Peters and emerged as a key figure in the Scampi Affair, which falsely alleged political corruption.
Prior to entering parliament, Ross had been 21 years in the police. Service included: detective on Regional Crime Squad and Drug Squad; 5 years Armed Offenders Squad, second in command of the infamous Red Squad, and commissioned officer in charge of police spies i.e. Criminal Intelligence Section and V.I.P. Security.