Asia Times Online :: Middle East News, Iraq, Iran current affairs
The US has brought forward, through its catastrophic waste of resources in Iraq, its "Suez moment". This is the realization forced on Britain by the US in 1956 that economic realities require an end to empire.
It suits both Israel and Iran to keep the charade going for political reasons: Ahmadinejad gets to play the nationalist card, while Netanyahu keeps right on creating realities on the ground. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
I date that moment for the US to the first half of 2007, but we will probably not know for decades, if ever, exactly what was said, and to whom. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
