Posted tagged ‘gulf states’


August 10, 2010

Erle Frayne D. Argonza

Observers may be wondering about what revived Persia (Shiite empire) possesses that serves as its leverage in a Manichean ‘clash of civilizations’ with revived Rome (EU-USA). Nukes and petrol (Iran cuts down oil pumping levels) are the most easily identifiable at the moment, and those with Jurassic linear thinking are inclined to forecast these possible leverages.

New Rome (EU-USA) itself has been projecting a rather alarmist tone that had overstressed those leverages as the weapons of its revived ancient enemy. In my analysis, this projection is just a cover-up or ‘decoy’ propaganda by new Rome whose technocratic-military-oligarchic elites know too well the real leverage that Iran possesses.

My contention is that currency will be new Persia’s most powerful weapon versus its ancient adversary. Iran’s ayatollahs and partisan ideologues aren’t dumb, they’ve been preparing for this weaponry a long time ago yet (since after Islam’s take-over of Teheran in the early 80s), and they will use this weapon with determined zeal.

The U.S. intelligence community had actually created dollar-manufacturing machines outside the USA to churn out humungous volumes of the currency that will escape the inquisitive eyes of Congress. The dollars are used for covert operations overseas—to buy weaponry, drugs, gold, and stash assets elsewhere beyond Congress’ prying eyes.

Sadly for the USA and New Rome, one such machine—located inside Iran during the regime of the Shah—fell into the hands of Islamic revolutionaries after the overthrow of the Shah. It would be overstretching naïve posturing if one thinks that Shiite Islam won’t use the machine for its purpose: to produce dollars by the mighty lot.

The Western oligarchy had shown its competence at destroying economies via currency attacks. Recall the devastation of the Asian economies when Soros & cronies waged an organized campaign of currency attacks beginning in June 1997. The offshoot was the Asian ‘financial meltdown’ as we called it then.

It isn’t difficult to recognize that Persia will use the same currency attack to take down the economies of its adversaries. New Rome is already teetering on the edge of a deeper economic collapse that could send it down to 3rd world infamy in the short run, a fact that Persia’s experts and strategists are watching so closely with glee.

Persia may decide to rain dollars on the world’s coffers as a pre-emptive attack versus its ancient enemy. Let’s better take this scenario very seriously.

The moment that dollars will flood the global coffers, by which the dollar will become a mere over-the-counter commodity, both the Euro and Yen will go down in value as well. All those financial, monetary, and merchandise commodities that are dependent on the said currencies will come crashing down from economic roofs as well.

Bellicosity towards Persia will prove to be New Rome’s folly, as we will see later. It may prove more worthy for Rome to cajole its ancient enemy via carrots (diplomacy and merchandise leverages) rather than sticks that can only lead to the eventual destruction of the West in a hot war versus Iran (see previous article).

Even East Asia, which is the global growth driver today, will be severely affected by a crash of the dollar via a Persian currency attack. With gargantuan stocks of dollars stashed in their vaults, a badly devalued dollar will suddenly de-stabilize their domestic economy and external trade as well.

It is futile for the Anglo-European-American oligarchy to decide on nuking Iran in order to destroy its dollar-making capabilities. Vaults upon vaults full of the currency are most likely stocked up all over the planet via the agents and friends of Shiite (that includes mafia operators, corrupt state officials, and dirty bankers) from where the currency can be released like relentless rocket attack weapons.

The Manichean ‘war of the worlds’ betwixt ancient enemies Rome and Parthia will prove to be the most catastrophic of all wars. No one power will win this war at all, although Persia will end up having the last laugh as the West gets fragmented and destroyed.

[Philippines, 24 July 2010]







July 31, 2010

Erle Frayne D. Argonza

Magandang gabi! Good evening!

Dusk is the mark of the day as I write this note. I wish to continue writing on the theme of Arab gulf states—whether they’re Asian or not. It seems that the ‘twilight of the gods’ scenario has been engulfing the gulf states altogether, a sort of reprieve prior to Armageddon.

For this piece, I’d focus on the observation that the Arab gulf states are the enforcers of the Anglo-European oligarchy’s ‘clash of civilizations’ madness. There has been so much military build-up in the gulf states lately, proof of a preparation for a larger conflagration. (The expenditure level measures by the hundreds of billions of dollars, with KSA leading the hemorrhage of military hardware buying spree.)

East Asia, as we can see, has been operating on the modality of a ‘dialogue of cultures’ expressed as economic, political, and cultural cooperation. The entire region has been the growth driver of the global economy for some time now, and will perform such an optimizer role in the foreseeable future.

Such a trend, however, does not characterize the gulf states. Already filthy rich with their petrodollars, they nonetheless aren’t progenitors of growth driving for the global economy. They grow for the sake of sustaining their own development gains and prepare themselves for the eventual drying up of the oil wells.

Gulf economies’ billionaire are deeply encumbered to the financier operations of the Anglo-European oligarchs who have been using the former as their dummies and/or junior partners. There is hardly any big commercial and industrial concern in the gulf states today that are not immersed in the investment interests of the likes of George Soros & cronies who represent the Who Is Who in the West.

Arab sheikhs style themselves in fact as Western-honed leaders who are no different from their Western counterparts. The difference lies only in the sheikhs’ profession of Islam, an ultra-conservatism that the West allowed to thrive to render the sheikhdoms as buffer regions versus pan-Arab nationalism or pan-Arabism of the Iraq, Syria, Lybia, and Nasserite Egypt.

Pan-Arabism is now rapidly decaying, and so the polarity game has shifted to Shiite Islam as the key enemy in lieu of the former. The Arab kings and sheikhs are surely having a great time nurturing hatreds versus the ayatollahs of Persia whom they demonize with deep disdain.

Back home, the sheikhdoms have to neutralize their homegrown jihadist movements led by the Al Qaida. While the home enemy grows in size and intensity of terror, tension grows as the sheikhs can’t help on anticipating the attacks by the revolutionary guards of Persia, attacks that may be accompanied by limited nuclear weaponry.

The situation in the gulf region had pushed the sheikhs into a toxic alliance with the Zionists who are the other leg in the beachhead of the Anglo-European oligarchy in regaining control of the entire Western Asia. A loose Zionist-Sunni (gulf states’ ecclesial religion) alliance has been in formation since couples of years back yet, to recall.

In my own analysis, it is now too late to see the possibility of the sheikhs dis-engaging from their active participation in the polarity game of the West’s oligarchy. The sheikhs and Arab billionaires are an organic part of that oligarchy while they feign difference via Sunni wahabism or equivalents. A superficial difference that is, to note.

The clock now ticks for the gulf states, an Armageddon clock that could unleash the forces of destruction in the region. And such a clock will continue to tick, unless a paradigm shift will be initiated by the sheikhs & Arab billionaires which is nauseatingly impossible an eventuality at this moment.

[Philippines, 22 July 2010]







July 29, 2010

Erle Frayne D. Argonza

It’s now past 8 p.m. as I write this piece inside my studio apartment, and my writing is currently accompanied by chill music from Brazil. For this piece let me toss the query: how Asian could the Arab gulf states be?

To begin my reflections, let me share to you a portion of my family history. My mother, a dietician/health professional, decidedly joined the fray of the ‘gulf state fever’ in the early 80s by seeking work in Saudi Arabia’s hospitals. For four (4) years did she work in the kingdom that is so endeared to many overseas Filipinos like her, until she departed for a new destination (USA where she retired).

When she started working there, her purses began to balloon quickly just as Arabia’s oil pumps were gushing out colossal petrodollars like limitless boons from heaven. She gleefully told us of the fat overtime pays she and her staff received, thus enabling her to send us in the Philippines—then a depression-struck ‘sick man of Asia’—quanta of dinars to quaff our thirst for back-up money.

That was the trend, until around 1984 when patterns suddenly changed. Mother began to complain of working overtime with no extra (overtime) compensation, and until 1986 when she quit Arabia for America no more extra boons came via the overtime pay. Something awefully wrong was going on in the gulf states and not just in Saudi Arabia, this was for sure.

The gulf states as a whole comprised a region that was considerably a growth driver of the global economy for a time until approximately the mid-1980s. At that time, it had so much petrodollars stashed in Western banks and investment houses that it needed for its internal growth, but such growth was choked up by fluctuations in the oil demand globally.

Before long, Asia’s ‘dragons’ and ‘tiger economies’ caught up with the gulf states. As the former kept surging upwards, the latter fluctuated between stagnation and paltry growth. India and emerging markets of Asia were recently added to the list of growth drivers of the world, while the gulf states are mired in a rather delusional self-image of growth driver that is more a thing of the past.

The word ‘Asia’ today has become synonymous with ‘growth driver’. But let it be clarified that the gulf states just don’t fit well into this growth category. For sure, their diversification of dynamic sectors from oil to manufacturing, infrastructures and services have paid quite fatly for them but only for them and not for the planet as a whole.

The gulf states are now quite prepared for the eventuality of drying up of its oil reserves. They are likewise in sync with the rise of mega-cities that the dragons, tigers and emerging markets have began snowballing, capped by prestige projects of towering buildings notably the Taipei 101 and Petronas towers, with Burj Dubai leading the way for the former. But the same states’ return to the halcyon days of being a global driver is simply a thing of the past.

Dubai is a case in point of a mega-city that is too over-ambitious in its goal to become the financial center of Asia. It embarked on gigantic projects totaling past the $3 Trillion mark from circa 2005 through 2015, aimed at eventually shoring up its new image as a financial center. As the giant commercial complexes were done, the greater problem was who would be their end-users? Without end-users, no pay-ups for expenses used to fund the projects will accrue to the coffers.

Honestly, I will still need to be convinced that gulf states are truly Asian in their growth propulsion. I see more of the hands of Euro-oligarchs such as George Soros & cronies in building those gigantic projects there, with the Arab investors serving as mere junior partners if not dummies in a growth game with dubious motives.

Gulf states are playing the game of the ‘virtual economy’ or ‘casino economy’ and that is far from being Asian. In contrast, the dragons, tigers and emerging markets are engaged in the ‘real economy’ of manufacturing, infrastructures, agriculture, and transport industries, backed by solid science & technology innovations, rendering them the label of ‘truly’ Asian.

If there is any urgent message I’d send to the said Arab state, it is this one: dis-engage willfully from the encumbrances with Europe’s financier oligarchy, reverse ‘virtual economy’ policies, and move back to the ‘real economy’. With that probably and hopefully the same region will regain its former esteemed image as a growth driver of the global economy, a true Asian region indeed.

[Philippines, 21 July 2010]