Month: January 2006

Hamas, Son of Israel

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This “blowback” principle applies to Hamas not only insofar as Israel was involved in funding and encouraging Mujama, but also, after the consolidation of Hamas as an armed group, due to Israeli military policy. The much-touted “withdrawal,” which amounts to Israel giving up Gaza while strengthening its hand elsewhere in the occupied territories, has been grist for the radical Islamist mill, as has the Wall of Separation and the attempt to quash the vote in East Jerusalem. Israel’s relentless offensive against its perceived enemies – first Fatah, now Hamas and Islamic Jihad – has created a backlash and solidified support for fundamentalist extremist factions in the Palestinian community….. Continue Reading →

The Proposed Iranian Oil Bourse

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The Iranian government has finally developed the ultimate “nuclear” weapon that can swiftly destroy the financial system underpinning the American Empire. That weapon is the Iranian Oil Bourse slated to open in March 2006. It will be based on a euro-oil-trading mechanism that naturally implies payment for oil in Euro. In economic terms, this represents a much greater threat to the hegemony of the dollar than Saddam’s, because it will allow anyone willing either to buy or to sell oil for Euro to transact on the exchange, thus circumventing the U.S. dollar altogether. If so, then it is likely that almost everyone will eagerly adopt this euro oil system….. Continue Reading →