"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 4 hours The Secretive Wall Street Firm Betting On Bitcoin
  • 5 hours ‘Data Is King’: The Oil Industry’s Next Most Valuable Resource
  • 6 hours Google Invests $300 Million To Combat Fake News
  • 7 hours Zuckerberg Dodges A Bullet As Facebook Loses Billions
  • 8 hours Tesla Tumbles As Investors Lose Patience
  • 10 hours Are Alt-Coins On The Verge Of A Break Out?
  • 11 hours What Should Gold Investors Expect From The New Fed Chair?
  • 13 hours Who Will Pay For Trump's $60 Billion China Tariffs?
  • 1 day Vladimir Putin’s Mysterious Fortune
  • 1 day Cryptos Resist Social Media Crackdown
  • 1 day The Death Of Dodd-Frank
  • 1 day Bitcoin Bounces Back Ahead Of G20 Meeting
  • 1 day Trump's Trade War Nears Boiling Point
  • 1 day Will April Be A Turning Point For Precious Metals?
  • 1 day Economic Pressures Weigh On Banks And Borrowers
  • 2 days U.S. Political Uncertainty Keeps Stock Markets On Edge
  • 2 days Gold: The Religion Of Currency
  • 3 days Economists Polarized On Trump’s Tariff Plan
  • 4 days Why Are Investors Overlooking Gold Stocks?
  • 4 days The App That Democratized Trading Is Now Worth $5B
Why Aren’t Millennials Investing?

Why Aren’t Millennials Investing?

After watching previous generations take…

Consumer Confidence Fails To Boost Retail Sales

Consumer Confidence Fails To Boost Retail Sales

Consumer confidence measured by market…

Alibaba Soars On Reports Of China Listing

Alibaba Soars On Reports Of China Listing

Chinese e-commerce giant Alibaba saw…

John Rubino

John Rubino

John Rubino edits DollarCollapse.com and has authored or co-authored five books, including The Money Bubble: What To Do Before It Pops, Clean Money: Picking Winners…

More Info

We Aren't Nearly As Worried About The Middle East As We should Be

What's the opposite of a gift that keeps on giving? A mistake that keeps metastasizing.

Which pretty much sums up the US role in the Middle East. Beginning with the CIA's 1953 overthrow of Iran's democratically elected president and continuing through the multiple regime changes and invasions of recent years, various American governments have behaved like they both understood that region and had the power to mold it into a docile client that pumped oil, suppressed dissent and otherwise caused no trouble.

Instead, each intervention turned up the heat on an already-boiling pot of corruption, sectarian rivalry and geopolitical anger that has finally erupted into regional civil war. The whole world, at long last, understands that the situation is beyond both US understanding and control.

And that's the good news.

The really scary part of the story is that Russia has jumped -- decisively -- into this vacuum and is building a coalition to take over the Middle East. In partnership with Iran and China it's propping up Syria's dictator and bombing both ISIS and US-trained rebels back beyond the stone age. The next step will presumably be to bring Saudi Arabia into line and thus dominate the region's oil reserves. Israel, in this scenario, has no good options.

Unless, of course, the US pushes back, which will mean escalating from Russian and US proxies shooting at each other to actual Russian and US soldiers going at it, with China and Iran helping the former and Saudi Arabia the latter. This is a nightmare scenario on every level, and it's closer than most people seem to think. Here's a sampling of headlines from just the past couple of days:

Syria conflict: Nato warns Russia on air strikes
Syria conflict: Turkish jets intercept Russian plane
Syrian insurgents vow to attack Russian forces as Moscow hints at ground role
U.S. sees Russia readying ground campaign in Syria
Syria's 'moderates' have disappeared... and there are no good guys
Russia's airstrikes in Syria are playing well at home
A tale of two strategies: Russia destroys ISIS command, US hits Afghan hospital
Obama up against growing support for a no-fly zone in Syria

Just as there was a chance in the 1990s to get developed-world entitlement programs under control and we blew it, there was once a chance to let the Islamic world work out its differences, have its Reformation, and emerge as a more-or-less stable, comprehensible power. But we blew that monumentally as well.

Now the US is financially and politically exhausted, with neither the money nor the will to expend trillions of dollars and tens of thousands of lives to impose "peace" in a place where the word can't even be defined. Yet, as the last headline says, support for a Syrian "no-fly zone" is growing -- in air space that includes Russian jets.

In some ways today's situation is reminiscent of the late 1930s, when the last thing anyone outside of Germany wanted was another big war, but that's exactly what they got.


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter