Times are tough for “dictators”, “rogue states” and “failing
nations”. It seems like it is not a good thing to be the head of
a country that happens to sit on top of huge oil or gas
reserves. Saddam was just the first to go. We find, if we
believe the mainstream media, that Iran is threatening everyone
with “nuclear” weapons, that Venezuela is being led by
“communists” and that Bolivia is being ruled by “Soviet
sympathisers” while little East Timor is about due for a “regime
change”.
So
what is it that links all these comparatively small and in many
ways insignificant nations together? Other than their shared
history of imperial colonialism and the pillaging of their
wealth by foreigners ably abetted by foreign trained, domestic
elites, it seems these countries share a certain attraction to
the Euro and the socialist goals of equality and equity. The
roll back began in mid 2000 when Saddam transferred payments for
the “oil for food” program to Euros from US dollars.
William Clark, from the Global Research Centre in California, in
a 2003 essay, wrote that the reason the US was going to war with
Iraq was the “administration's goal of preventing further [OPEC]
momentum towards the Euro as an oil transaction currency
standard.” Clare Foss, in her online Journal, noted that the
Iraqi switch to the Euro had “potentially perilous consequences
for the US. … If OPEC were to decide to accept Euros only for
its oil, then American economic dominance would be over.”
Saddam was not hated by the US administration for what he was
doing to his own people. God knows, they had ignored that for
years. What really got up their noses was that he changed the
way his nation traded and seemed intent on hitching his caboose
to the European currency. Indeed one of the first things the new
US supported administration in Iraq did was enshrine the US
dollar as the trading currency for all Iraqi foreign exchange
transactions.
Following hot on the heels of the great American Imperial push
to secure a revenue stream from the Iraqi’s, Iran took the first
steps, in 2004, to set up its own oil trading exchange (a
bourse) based on the Euro.
Dr.
Elias Akleh, writing for the Arabic Media Internet Network,
observed that, “Iran does not pose a threat to the United State
because of its nuclear projects, its WMD, or its support to
"terrorists organizations" as the American administration is
claiming, but in its attempt to re-shape the global economical (sic)
system by converting it from a petrodollar to a petroeuro
system. Such conversion is looked upon as a flagrant declaration
of economical (sic) war against the US that would
flatten the revenues of the American corporations and eventually
might cause an economic collapse.”
The
strident rhetoric we have been hearing from the top US brass
over the last two to three years about Iran’s threat is not,
therefore, really based on any alleged “threats” posed by non
existent WMD’s or that nation’s plans to develop a domestic
nuclear power industry. Rather it has been Iran’s audacity in
proceeding with its plans to establish a new trading regime that
would, effectively, lock the US out and thus prevent US
multinationals from skimming the cream off Iran’s international
oil trade. After four years of planning, set backs and political
road blocks, the Iranian Euro bourse opened on the 17th February
2008.
Writing in Petroleum World magazine, Gwynne Dyer notes
ominously, “The US government knows, and is deeply alarmed by
the danger, that the dollar may be losing its status as the
world's only reserve currency. Given the huge deficits that
plague the US economy, the US dollar's value would collapse if
other countries began to see it as just another currency, so the
Euro must be prevented from emerging as an alternative reserve
currency. In practice, that means the Iranian experiment with a
Euro-denominated oil bourse must be stopped - and the only way
to do that is to attack Iran.”
While it is obvious that Iraq and Iran got into strife for not
towing the US line, what about the rest of the region? Well, in
a little reported retaliation for the US Senate’s blocking of a
Dubai based company’s bid to buy into US ports in 2006, the
United Arab Emirates told the US to go jump and that they would
switch 10% of their $US23 billion reserves to Euros thus putting
a huge dent in the US money markets.
While all this is unfolding, south of the border, down Mexico
way, some South American governments are also thinking of
jumping the good ship US dollar. Hugo Chavez in Venezuela and
Evo Morales in Bolivia have both made it clear that they want
the OPEC nations to stop trading in dollars and convert to the
Euro. They are also intent on reshaping their nations internal
economies by renationalising foreign owned resource companies
and not paying any compensation.
Speaking at the Euro Summit in May 2006, Moralez told reporters
that, “For more than 500 years our natural resources have been
pillaged and our primary goods exported. This has to be ended
now.” And we wonder why the US is calling him and Chavez
“communists” and a “danger” to the world. “Whose world?” is a
question well worth asking.
Finally, we come
to East Timor. As the poorest nation on earth with an average
income of just over $1 a day, what threat could they pose and to
whom? Quite simply, they have looked beyond Australia and the US
because neither our country nor the US will assist them or
support their development agenda. Rather, our governments are
intent on bleeding them dry.
The East
Timorese government and its top leaders, all well known to us,
made an interesting decision when they penned their independence
charter back in 1998 and established the National Council of
Timorese Resistance. This political arm of the resistance
movement contained all the current players in the so called
“crisis” they and their people are now experiencing.
What I have
never heard reported was their stated aim to convert to the Euro
as their trading currency in the sure knowledge that it would
make investment in their nation more attractive to their Asian
neighbours. What was little reported here in Australia was Mari
Alkatiri’s international tour, in September 2005, to drum up
Asian investment interest.
Little was
reported on the visits he made to 20 or more nations who have
shown an interest in investing in East Timor’s on and off shore
oil and gas fields. What is even worse in the eyes of the
multinationals, who are screwing our government, is the East
Timorese intention to use the wealth of their resources to
“alleviate poverty, create jobs and improve education” rather
than reinvest it in their money making but wealth extracting
schemes. Since then, we have seen some very interesting
developments in Timor Lesté… but more on this another time.
Regime change
for our impoverished northern neighbour will probably come but
at the cost of more innocent lives. Like Iraq, Iran, Venezuela
and Bolivia, East Timor will only become a failed state if we
stand idly by and watch those who would rather it fail succeed
in their quest. Do we have the same courage the East Timorese
have to dream of a better, more just and equitable society or do
we only care about those things that supposedly keep us safe
from “dictators”, “rogue states” and “failed nations”? The first
option is a possibility; the second only perpetuates the lies.