[New post] Afghanistan Could Mark Beginning of the End For the Petrodollar
User ID posted: " https://www.youtube.com/watch?v=bxcnUFfctTE Afghanistan Could Mark Beginning of the End For the Petrodollar by Mario Innecco Today we will look at geopolitics and compare what happened to the Soviet Union after 10 years of war with Afghanistan and wh"
Today we will look at geopolitics and compare what happened to the Soviet Union after 10 years of war with Afghanistan and what could happen to America after 20 years of war with Afghanistan.
Our conclusion is that the U.S. withdrawal from Afghanistan could mark the beginning of the end of the American Empire and the significance of the petrodollar.
Yes it's Friday the 13th today anyway today I want to talk about geopolitics the dollar Afghanistan because I think there are a lot of parallels with what's going on today in 2021 with what was going on in 1989 to 1991 and what was going on then well the Soviet Union was crumbling the Soviet empire started crumbling probably around 88 the Soviet Union had been in Afghanistan for 10 years since the Soviets invaded Afghanistan in December of 1979 I remember that very well I was about 15 at the time so some of you of course were not alive then but might know the history that triggered a boycott of the Summer Olympics by the us which was going to be held which was held of course in Moscow in 1980 that led to a occupation of Afghanistan for 10 years by the part of the Soviets I've talked about this a few years ago on this channel about geopolitics and a geographer a writer a politician back in the late 1800s early 1900s in the UK he was called Halford John McKinder and he spoke about the geographical pivot of history and how Eurasia was so important to controlling the world and in my opinion if Afghanistan is a big part of this pivot area that he talked about so this is what he said in 1919 who rules East Europe commands the Heartland who rules the Heartland commands the World Island who rules the World Island commands the world and I would say Eurasia is a big part of this said as well any power which controlled the world island would control well over 50 percent of the world's resources the heartland size and central position made it the key to controlling the world islands yeah the world island is Eurasia and I think Afghanistan is a huge part of controlling Asia just looking here at the map of Afghanistan if you've got control of Afghanistan you can come down from Russia down from china through Pakistan into what's called the Arabian sea but also the Indian ocean you can also have access for from china to the whole of Asia and the middle east with their one belt one road so I think it's huge what's going on there and I think it could be pointing to the fall of empire and Afghanistan has always been a very difficult place to control for centuries and America and its allies they've been there since late 2001 because of what happened in September that year they thought it was clever to go into Afghanistan they've been there for 20 years and now they're withdrawing so they've been able to stay 10 10 more years than the Soviets it is debatable whether it was only what happened in Afghanistan in the last 10 years of the Soviet empire that brought it down but I think it helped massively because it chipped away at the Soviet Soviet Union's credit at its uh resource where with all that war took a a huge toll on the Soviet Union and from 88 to 91 it just imploded and we know what happened in the 90s to to Russia it was a basket case so if we look back at the united states in 2001 we've got national debt at 3.3 trillion national debt now is fast approaching 30 trillion so the national debt has gone up 10 times almost since the united states invaded Afghanistan and since it's been there for 20 years GDP at the time was almost 11 trillion now GDP is 22 trillion so things have really deteriorated economically fiscally and I would say the UK is part of this as well because if you read the headlines today it says UK troops sent to get Britons out as Taliban advances that was a BBC headline the guardian says Afghanistan likened to fall of Saigon as officials confirm Taliban take Kandahar I would liken it more to the fall of the Soviet Union actually but anyway the mail says daily mail UK sends 600 troops back to Afghanistan to help British nationals flee the advancing Taliban I think a few weeks ago Chinese officials were in Afghanistan meeting I don't know if they're meeting Taliban officials but whoever so the Chinese are there Afghanistan is known to have a huge amount of minerals underneath its surface so that's another interesting thing so who who's gained from these 20 years in Afghanistan why couldn't the united states with its allies defeat a country like Afghanistan if we look at world war ii it took four years to defeat the German Reich which was a much more powerful organization than the Taliban in Afghanistan well I think there's a lot of debate about that as well I would probably say that a lot of people benefited from this people especially in the military industrial corporate complex they've benefited a lot from it and who's lost it this endless war almost this 20-year war well I think it's the American public the general public and also the public in the UK and the public everywhere around the west we're much poorer now our currencies have been decimated since that war started and literally decimated if you look at it in terms of gold when the us invaded Afghanistan gold was around 250 dollars yes we're not at two and a half thousand but very close to that so it's decimated versus gold inflation is raging I made a video yesterday about whether CPI or inflation had peaked a lot of people a couple of days ago said that CPI peaked just because the annual number didn't go above the previous month's number but then yesterday we got PPI which was a huge upside surprise the producer price index that's going to translate into higher consumer prices throughout the rest of this year so yes I think unlike the guardian I liken this to the fall of the Soviet Union and this would be the fall of the petrodollar the fall of the Anglo-American empire or the fall of Pax Americana and you kind of wonder why the us is withdrawing now from Afghanistan why can't they just stay another 10 years keep ramping up the deficits the debts keep enriching their friends in the military industrial complex and I would argue also their friends in the financial banking complex because more and more that means more fees for JP Morgan, Goldman Sachs, Bank of America, HSBC all the primary dealers to the New York Fed well maybe because there's something behind the scenes that we don't know is happening and someone knows that the game is up so they have to withdraw from Afghanistan they've got too much there and they're gonna have to focus on the homeland so to speak out I don't like using that term but that's what it is the same thing happened in the Soviet Union a Soviet Union had loads of republics it controlled the whole of almost the whole of Asia and they all broke away from 1988 and by 1991 the Soviet Union had ceased to exist am I saying the United States is going to cease to exist I don't know but something is happening in my opinion and this is what it marks and I think this withdrawal from Afghanistan is very significant it means the united states or Uncle Sam probably is losing control of its finances because why wouldn't it stay there for another five or ten years if it could it's been very profitable for the Deep State, the Military Industrial Complex so I think we need to keep an eye on things very closely I think some people are not putting too much focus on what's going on in Afghanistan but I think it's highly significant and with the Soviet Union of course by November 7th 1991 so that was a couple of years after the Soviet Union withdrew from Afghanistan this is what Wikipedia says most newspapers refer to the country as the former Soviet Union so there you go yes and as I said as well it's highly significant in terms of the one belt one road project that china has because it's very important if Afghanistan it's right smack in the middle of Asia there it gives Russia and all those former republics access to the Indian or Arabian ocean through Pakistan Afghanistan borders Iran it borders china it borders Pakistan very strategic and yes another empire I think has bitten the dust with its adventure in Afghanistan and I would say yeah the biggest losers unfortunately have been the public and we'll have to wait and see the repercussions I think they're gonna be highly significant I don't know exactly what's gonna happen I'm just trying to put two and two together and compare it to other timelines in history especially the Soviet Union so with that let's quickly look at where the markets are this morning it's 8 30 a.m London time we've got spot gold at 1758 that's up just over five dollars high has been 1760 in the low 1750 so gold is up a third of a percent as I said yesterday silver didn't look very good even the day before it was underperforming gold as gold was moving up quite significantly and it continued lower yesterday they even took silver below 23. but this morning things have reversed a little bit and silver is outperforming gold we're up almost 1 or 20 cents at 23.37 range has been 2301-2344 the Dow future is up 11. the Nasdaq 100 future is up 11 as well S&P is virtually unchanged to the currencies we've got sterling testing 138 it's unchanged overnight but I think the technical picture is not looking very good for sterling right now we had rebounded in the last few weeks from a a pretty big drop towards like 137 even below 137 back up to almost 140 and now we're going back down it seems the euro is unchanged 117 33 the dollar's down an eighth of a percent versus the yen at 110 27 and the dollar is up slightly versus the yuan at 6 48 27 Aussie dollar is up slightly versus the dollar at 73.4 and the dollar is down about point one of a percent versus the Canadian dollar at one twenty five fifteen WTI crude is down just under one percent at sixty eight forty high grade copper is up 0.2 of a percent at 436.94 and the 10-year yield is down 3 basis points at 134. so there you go if you enjoyed this video make sure you hit the like button please share it far and wide think about subscribing to my channel if you haven't yet and you can also follow me on Rumble, Twitter, Facebook and all these other platforms below here I wish you all a great weekend take care bye
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