In this section, Crescent International will highlight news and events that do not attract much media Attention. We will provide our brief analysis. Hyperlinked references will be provided for confirmation, corroboration and crediting purposes.
Generally avoiding sensationalist analyses and reports, this past week, oilprice.com published a column titled, the ‘War on Gold Has Begun’.
While gold and US dollar are natural rivals, American oligarchs aim to supplant gold with US currency, the column attempts to paint a bleak future for gold.
It also reinforces the narrative of how everyone needs US dollars. This is wishful thinking.
‘Gold vs the US dollar’ is an old debate. The fact remains that in times of uncertainty, gold is still a secure and preferred choice for many people to safeguard their wealth.
As the economic uncertainty continues due to COVID-19 crisis, people will naturally seek ways to safeguard their wealth. Gold provides a traditionally safe method.
While the gold vs US dollar argument lingers on, it is highly likely that with the quickening pace of the US empire’s decline pace over the next few years, more people will opt for gold.
It will be interesting to keep track of gold prices if Donald Trump is re-elected as president, guaranteeing further internal instability for the already declining US empire.
Clashes have been widely reported between Hay'at Tahrir al-Sham (HTS) and Hurras al-Deen (HD) in some parts of Idlib, controlled by NATO-backed militias.
It is routine for Wahhabi groups to fight among themselves even as they fight Syrian government forces.
Since the start of the proxy-war in Syria, NATO supported militias have been cannibalizing themselves due to their regressive understanding of Islam.
Theological offspring of the Khawarij extremists which quickly cannibalized, their contemporary offshoots have followed the same route.
The latest events in Idlib point to the fact that such groups are incapable of establishing a functional state system.
This is precisely the reason why NATO regimes provided them support.
Infighting among takfiri groups will significantly undermine Turkey’s geopolitical influence in the region.
Among governments which aggravated the situation in Syria, Turkey is one of the last remaining powers still actively involved as a key patron of terrorist militias.
Such infighting among Ankara’s proxies will be difficult to control. What this means is that sooner or later, it will have a negative impact on Turkey’s policies and standing.
Courtesy: Middle East Eye
Analyzing the latest US sanctions against Syria, the Grayzone, a news website managed by Max Blumenthal, an award-winning American journalist, states, “Inspired by photos that Western governments and media claim were smuggled out of Syria by a supposed Syrian military whistleblower codenamed ‘Caesar,’ the sanctions are the product of a highly deceptive intelligence operation orchestrated by the US and Qatari governments… Shockingly, investigators have determined that at least half of the photographs in the ‘Caesar’ trove depict the bodies of government soldiers killed by the armed opposition. This highly inconvenient fact, which undermines the entire narrative of Caesar’s promoters and exposes them as cynical liars, has been ignored across the board by mainstream US media, Congress, and of course, by the network of operatives that managed ‘Caesar’.”
Over the past week numerous analysts have pointed out that the latest round of sanctions will hurt Syria’s civilian population and is unlikely to lead to the collapse of the Syrian state.
Sanctions will likely increase Iranian, Russian and Chinese economic cooperation with Damascus to prevent the collapse of the Syrian state.
All three countries have geopolitical interests in maintaining Syria’s integrity.
Syria will disintegrate if the disorganized and marginal militias seize power.
Courtesy: The Grazyzone
Analyzing growing political and economic tensions between Beijing and Washington, China’s National Institute for South China Sea Studies warned that tensions between the two major powers can unexpectedly escalate.
Asia Times reported that “concerns are growing that intense rivalry could spill over into armed conflict.”
In May, Reuters reported that the China Institute of Contemporary International Relations (CICIR), a think tank affiliated with the Ministry of State Security, China’s top intelligence body, concluded that the US is actively seeking to destabilize China.
With the American empire in clear state of decline, it cannot be ruled out that just like a drowning person, Washington will cling to anything to remain an empire. Thus, chances of the US resorting to radical and irrational acts cannot be ruled out.
Courtesy: Asia Times, Reuters