There may be other items dominating the headlines these days - think the Olympics, the conflict between Georgia and Russia and the infidelity of a US Senator [who really cares?] - but in the background the unresolved issue of what to do about Iran's nuclear plans continues to bubble along. Needless to say Israel is bellicose and the US and other nations aren't far behind. Some sort of military action cannot be ruled out.
It the very fear of the consequences of some sort of attack on Iran that occupies Chris Hedges [one time Jerusalem Bureau Chief of the NY Times] in his latest piece on truthdig.com:
"An attack on Iran, which Israeli and Bush administration officials appear set to carry out if Iranian uranium enrichment is not halted, would ignite a regional war in the Middle East and lead to economic collapse and political upheaval in the United States.
“In short and simple terms, we would be plunged into a depression that would make the Great Depression of the 1930s in which I spent my childhood look like boom times,” said William R. Polk, former professor of history at the University of Chicago and a member of the Policy Planning Council under President Kennedy. “Industries would fail, banks would collapse, government revenues would dry up, universities would have to close, health care, even as limited as it now is for roughly 75 million Americans, would virtually cease. In short, something like [what] the South suffered at the end of the Civil War would plague the country.”
The passage of vast amounts of oil and liquefied gas through the Persian Gulf would be disrupted. Iranian attacks, carried out with rocket- and bomb-equipped speedboats and submarines, would be deadly and effective. A classified Pentagon war game in 2002 simulated these swarming attacks by Iranian speedboats packed with explosives in the gulf; the Navy lost 16 major warships, according to a report in The New York Times. Iranian oil, which makes up 8 percent of the world’s energy supply, would instantly be taken off the market. And oil would jump to over $500 a barrel and perhaps, as the conflict dragged on, to over $750 a barrel. Our petroleum-based economy would come to a halt".
If the foregoing hasn't sobered you up enough, continue to read here.
It the very fear of the consequences of some sort of attack on Iran that occupies Chris Hedges [one time Jerusalem Bureau Chief of the NY Times] in his latest piece on truthdig.com:
"An attack on Iran, which Israeli and Bush administration officials appear set to carry out if Iranian uranium enrichment is not halted, would ignite a regional war in the Middle East and lead to economic collapse and political upheaval in the United States.
“In short and simple terms, we would be plunged into a depression that would make the Great Depression of the 1930s in which I spent my childhood look like boom times,” said William R. Polk, former professor of history at the University of Chicago and a member of the Policy Planning Council under President Kennedy. “Industries would fail, banks would collapse, government revenues would dry up, universities would have to close, health care, even as limited as it now is for roughly 75 million Americans, would virtually cease. In short, something like [what] the South suffered at the end of the Civil War would plague the country.”
The passage of vast amounts of oil and liquefied gas through the Persian Gulf would be disrupted. Iranian attacks, carried out with rocket- and bomb-equipped speedboats and submarines, would be deadly and effective. A classified Pentagon war game in 2002 simulated these swarming attacks by Iranian speedboats packed with explosives in the gulf; the Navy lost 16 major warships, according to a report in The New York Times. Iranian oil, which makes up 8 percent of the world’s energy supply, would instantly be taken off the market. And oil would jump to over $500 a barrel and perhaps, as the conflict dragged on, to over $750 a barrel. Our petroleum-based economy would come to a halt".
If the foregoing hasn't sobered you up enough, continue to read here.
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