During the height of the wars in Iraq and Afghanistan, there were two carriers in the area, but that was reduced to one. Last year the administration decided to end the continuous carrier presence, and only send a strike group intermittently into the region.
The rise of Japanese militarism
The U. Navy currently has no aircraft carrier in the Persian Gulf. Bolton said the U.
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Along with the Lincoln, Bolton mentioned "a bomber task force," which suggested the Pentagon is deploying land-based bomber aircraft somewhere in the region, perhaps on the Arabian Peninsula. Asked about "escalatory actions," Pompeo replied, "I don't want to talk about what underlays it, but make no mistake, we have good reason to want to communicate clearly about how the Iranians should understand how we will respond to actions they may take.
Asked if the Iranian action were related to the deadly events in Gaza and Israel — militants fired rockets into Israel on Sunday and Israel responded with airstrikes — Pompeo said, "It is separate from that. The Trump administration has been intensifying a pressure campaign against Iran.
Toward a Rational US Strategy (Part 1) – Consortiumnews
Last month, President Donald Trump announced the U. In summary, the American consumer, the Federal government, and Federal Reserve all benefit to varying degrees from a global demand for U. Meanwhile, an expensive and unpopular war in Vietnam funded by record deficit spending led some nations to question the economic underpinnings of America.
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After all, the entire global economic order had become dependent upon a sound U. Countries like Japan, Germany, and France, while fully on the mend from the devastation of World War II, were still largely dependent upon a financially stable American economy to maintain their economic growth. Foreign nations could sense the severe economic difficulties mounting in Washington as the United States was under financial pressure at home and abroad.
Instead, it was the growing imbalance of U. The United States had accumulated large amounts of new debt but did not have the money to pay for them. Making matters worse, U.
It was almost as if foreign nations could see the writing on the wall for the end of the Bretton Woods arrangement. A study of the United States economy in the post-World War II era demonstrates that this was a time of dramatic economic growth and expansion. This era gave rise to the baby boomer generation. Deficit spending in Washington was uncontrollable as President Lyndon B. As progressed, so did foreign demand for U. Foreign central banks began cashing in their excess dollars in exchange for the safety of gold. Instead, the convertibility of the dollar into gold was meant to generate a global trust in U.
Simply knowing that the U. Historically, gold has been, and will likely remain, the beneficiary of poor fiscal and monetary policies, and was no different. One would have expected that the large and growing demand by foreign nations for gold instead of dollars would have been a strong indicator to the United States to get its fiscal house in order. Instead, America did exactly the opposite.
As Washington continued racking up enormous debts to fund its imperial pursuits and its over-consumption, foreign nations sped up their demand for more U. Washington was caught in its own trap and was required to supply real money gold in return for the inflows of their fake paper money U. Soon the United States was bleeding gold.
Washington knew that the system was no longer viable, and certainly not sustainable. But what could they do to stem the crisis? There were only two options. The first option would require that Washington immediately reduce its massive spending and dramatically reduce its existing debts. This option could possibly restore confidence in the long-term viability of the U. The second option would be to increase the dollar price of gold to accurately reflect the new economic realities.
There was an inherent flaw in both of these options that made them unacceptable to the United States at the time… they both required fiscal restraint and economic responsibility. The Bretton Woods system created an international gold standard with the U. But in an ironic twist of fate, the system that was designed to bring stability to a war-torn global economy was threatening to plunge the world back into financial chaos. The gold standard created by Bretton Woods simply could not bear the financial excesses, coupled with the imperialistic pursuits, of the American economic empire. On August 15, , under the leadership of President Richard M.
Nixon, Washington chose to maintain its reckless consumption and debt patterns by detaching the U.
Dollar from its convertibility into gold. It was in this year, , that the U. It is a currency issued and accepted by decree. As all other fiat empires before it, Washington had come to view gold as a constraint to their colossal spending urges. A gold standard, as provided by the Bretton Woods system, meant that America had to attempt to publicly demonstrate fiscal restraint by maintaining holistic economic balance. Under the international gold standard of Bretton Woods, all currencies derived their value from the value of the dollar.
And the dollar derived its value from the fixed price of its gold reserves. Like any commodity, the dollar could be affected by the market forces of supply and demand. Note : It did not take long for this new system of floating currencies with floating exchange rates to attract manipulation by speculators and hedge funds. Currency speculation is and remains, a threat to floating currencies. Proponents of a single global currency use the current manipulation of currency speculators to promote their agenda. In this new era of floating currencies, the U.
Now, the U. One major concern that Washington had was regarding the potential shift in global demand for the U. With the dollar no longer convertible into gold, would demand for the dollar by foreign nations remain the same, or would it fall? Under the international gold standard of Bretton Woods, foreign nations gladly held U. Get it in paperback or on Kindle today here! In part two of this four-part series, you will get an in-depth look at the solution that President Nixon and his Secretary of State, Henry Kissinger, developed to prevent a continual decrease in global dollar demand.
The ingenuity of this plan is breathtaking in scope. It is known as the Petrodollar system. TAGS : the petrodollar system, petrodollars, bretton woods, nixon shock, dollar collapse. Preparing for the Collapse of the Petrodollar System, Part 1. The Coming Collapse of the Petrodollar System.
During the three-week conference, two new international bodies were established. So an increase in the overall money supply allows asset prices to rise. Remember, Washington only has four basic ways to solve its economic problems : 1. Increase income by raising taxes on the citizens 2.
Cut spending by reducing benefits 3. Borrow money through the issuance of government bonds 4. Print money Raising taxes and making meaningful spending cuts can be political suicide. Have you ever asked yourself why the U. Dollar is called a Federal Reserve Note? Once again, the answer is simple. Dollar is issued and loaned to the United States government by the Federal Reserve.