Western Bloc central banks and financial and investment corporations are locked into an inflationary dynamic in order to sustain their system’s militarist imperialism. The Bloc’s European and Pacific components offer supportive economic collaboration. In exchange, the
The US Treasury, Federal Reserve and corporate financial houses work together boosting dollar zone money supply, devaluing the dollar. Their partners take compensatory steps, intervening in G7 financial markets. They seek to keep their currencies in some kind of sustainable relationship for purposes of mutual trade and finance equilibrium so as to support
As the value of the dollar declines the oil price has to rise so producers can maintain operating and marketing margins. A comparison of the US-Euro price trend with the oil price trend through 2006 and 2008 shows a surprisingly uniform correlation between the two. Against the Euro the
If one looks at the oil price and US$-Euro figures through 2007 up to April 2008, one can see that the trend is even more uniform and continues more sharply. The
The US Federal Reserve and the US Treasury will carry on increasing the money supply, devaluing the dollar. They do so to fund US government military spending, other components of the
If there really is a straightforward correlation between the US$-Euro price and the oil price, then December 2008 will see the dollar at around US$1.70 to US$1.75 against the Euro and the oil price at around US$170 to US$180. A strike against
If speculation is a significant component of the oil price why is the
That may signal the end of the current apparent correlation between the oil price and the decline of the US dollar against the Euro. Whatever way such a medium-term reversal – perhaps by mid-2009 – pans out, one can be absolutely certain the Western Bloc ancien regime will sustain its militarism in support of corporate globalization. Both the
The European Central Bank prattles on about fighting inflation the same way the US Treasury waffles on about a strong dollar. In fact, it looks as though the Western Bloc finance system is locked into an incestuous fatal inflationary embrace. The
They will do that domestically and internationally. In
It may be possible for individuals like Bernanke and Paulson and their mates in the
Their corporate media will continue telling us how well intentioned all those politicians are. But it seems clear from the suspiciously uniform correlation between the US-Euro price and the oil price, those politicians are deliberately fomenting the inflation that is destroying the economies of vulnerable countries around the world. Why are they doing that if not to maintain their ancient regime power and privilege by means of military backed corporate globalization?
They and their corporate media tell us we live in the best of all possible worlds because no other world order is possible. All this suffering and moral debris and economic chaos we’re sorting through… where could it all have come from? The anarchy of the "free market"?
Ever since Bretton Woods, G7 governments have worked together ever more closely planning economic strategy. They rig outcomes so as to protect and promote the interests of their corporate elites. Their corporate propaganda media call this the "free market". They are talking only to themselves.
toni writes for tortillaconsal.com