This week Trump’s administration officially put Iran ‘on notice’ for the crime of testing a ballistic missile in their own country. The missile wasn’t capable of carrying a nuclear warhead, but nevertheless Trump and his Nazis accused it of preparing to acquire them.
In this edition of RT’s Redacted Tonight, the host, comedian Lee Camp, suggests the real reason Trump has warned Iran of a possible invasion should they not comply with America’s wishes, has nothing to do with weapons of mass destruction. No, it’s for the simple reason that Iran is planning to ditch the dollar as the currency for trade in oil. He cites newspaper reports and Perkins’ Confession of an Economic Hitman to show that one of the reasons for the Iraq invasion was that Saddam Hussein was also considering abandoning the dollar. As was Colonel Gaddafi. Gaddafi wanted to set up the gold dinar as Africa’s and the Middle East’s rival to the dollar and euro.
As for Iran being put ‘on notice’, Camp remarks that they just might have worked out that America was threatening to invade them through the number of US bases encircling the country.
Camp then contrasts the ire of America’s corporate elite to this financial outrage, with the way Trump tolerates and encourage the destruction of the environment. BP has just been allowed to resume drilling again in the Gulf of Mexico, despite the oil spill that devastated the region’s ecosystem the other year. And what are they calling their new rig? Mad Dog II.
He also discusses Nancy Pelosi’s terrified reaction when a young member of a TV audience put her on the spot by telling her that Millennials don’t support capitalism. This is true. A recent poll showed that American young people don’t. Cue nervous laughter from Pelosi and the hurried response that ‘We’re capitalists’. She then went on to burble bilge about ‘stakeholder capitalism’, and so, as Camp remarked, try to position herself as supporting capitalism and working people simultaneously. He also jokes about the Democrats’ extremely weak response to opposing the Republicans.
He also talks to Naomi Karavani about the Republican’s criminalisation of the DAPL protestors. North Dakota is considering passing legislation to allow drivers to run down protestors. They also have footage of some politico claiming that the protestors were all paid and bussed in specially, and that after leaving the DAPL protests they will simply go on to the next one. He also reports how the DAPL protestors, including elderly ladies, who have done nothing except peacefully block the way and pray, are now ‘terrorists’. They also want to amend the laws on rioting so it includes simply standing there when told to go away.
Finally on the show he talks to John F. O’Donnell about Trump’s intention to repeal the Dodd Frank Act. This is the act that obliges the big financial firms to put away hundreds of millions of dollars to provide against another financial crash. This would allow the banks to pay out millions to shareholders, but it would mean that they would once more become that bit more vulnerable to financial collapse. O’Donnell also discusses Trump’s abolition of the financial regulator, that has forced pay day loan companies and other companies to pay money back to victims of financial wrongdoing.
He reports Bernie Sanders’ response to this, in which the veteran left-wing Democrat called Trump what he is: a fraud. Trump had promised during his election campaign that he was going to reign in Wall Street. Now he’s doing his best to strengthen it and expand its power.
Warning: Camp is one of the young, edgy comedians, so there is language and some might find some jokes offensive. Like when compares the tired excuses of the American military for their warmongering, that they’re attacking to prevent the other side from acquiring weapons of mass destruction, to a couple with Alzheimer’s in a retirement home.
Camp is, however, exactly right in his criticisms and the report about Iran and its intention to move to an alternative currency instead of the dollar has more than the ring of truth. Greg Palast in his discussion of the Iraq invasion in his book, Armed Madhouse, states that the American economy is to a very large extent insulated from many of the financial crises that hit the rest of the world’s countries because the dollar is the world currency for the oil industry. The moment an alternative currency is set up – such as Gaddafi’s Gold Dinar – much of America’s economic strength is wiped out. Hence the aggressive response to any oil producing state that dares to do so.
We’re being threatened with being taken into another war, simply to keep American oil billionaires rolling in it. More of our brave squaddies may die, and the innocent people of another country massacred and its oil and other industries looted.
Tags: 'Armed Madhouse', 'Confessions of an Economic Hitman', 'Redacted Tonight', 'Wall Street', Armed Forces, Ballistic Missiles, Bernie Sanders, BP, Colonel Gaddafi, DAPL, Democrat Party, Dodd Frank Act, Dollar, Donald Trump, Euro, Financial Crash, Financial Regulators, Greg Palast, Gulf of Mexico, Iraq Invasion, John F. O'Donnell, Lee Camp, Nancy Pelosi, Naomi Karavani, North Dakota, Nuclear Weapons, Oil Spills, Pay Day Loans, Petrodollar, Protests, Republican Party, Rioting, Saddam Hussein, The Elderly, Weapons of Mass Destruction