The overt assassination of Iranian General Qasem Soleimani is the most aggressive attack on the Middle East by the US since the blithely executed theft of Iraqi oil fields by the US military under the guise of revenge for 911. I remember the US Army conducting a seminar at the Toronto PDAC in 2012 where they were soliciting joint venture partners and auctioning off oil concessions in Iraq.
Far from acting as a defender of the free world, the US under the leadership of Donald Trump has become a rogue nation who ignores the rule of law to satisfy evident hegemonic ambitions.
This constitutes a threat for Canada, as we become the most logical staging region for clandestine operations against the US by terrorists and others who will now be emboldened to avenge Soleimani’s death.
But Trump’s war council is exhibiting a complete lack of holistic comprehension of the theatre of war they are dragging America into.
Russia, China and Iran launched their first joint naval exercises in the Gulf of Oman on Friday in a direct challenge to US influence in the Middle East. Russia and China are economically tied for the next 30 years through the 8,100 kilometer “Power of Siberia” pipeline across the two countries, according to Chinese state-run news agency Xinhua, and will deliver 38 billion cubic meters of natural gas annually by 2024. It will be operated by Russia’s state-owned company Gazprom, and the total value of the project is over US$400 billion.
This eastern axis of cooperation is perhaps no match militarily against US forces on their own. But if you combine the resources of the entire Muslim world, and throw in China and Russia, it is unlikely that the US could prevail against so many geographical conflict fronts.
So the execution of the most prominent military commander in Iran isn’t just to “deterring future Iranian attack plans” as the Pentagon stated.
It is the event that launched World War 3. And it is quite likely the most self-destructive decision Trump has made in his presidency.
The extent to which the assassination of the General was a tactical decision to deflect attention from the irrefutable evidence of Trump’s delinquency of presidential duty resulting in his impeachment is a matter for debate that will polarize the Trump vs the anti-Trump factions for the foreseeable future.
But Trump has erred again in reversing a key electoral platform whereby he pledged to keep America out of foreign conflicts.
“I will never send our finest into battle unless necessary, and I mean absolutely necessary, and will only do so if we have a plan for victory with a capital V,” he thundered. “The world must know that we do not go abroad in search of enemies,” he said during a speech at Washington’s Mayflower Hotel as the then-presidential candidate for the Republican party.
Trump’s flagrant break of that promise is likely going to be the straw that breaks the camel’s back for a lot of his mid-western rural base, from whom the soldiers that are ultimately the victims of such wars are drawn.
In the weeks ahead, as these and future tactical and strategic errors combine to cement the resolve of the eastern axis described above in countering US aggression, any major commitment of ground troops will cause many of Trump’s supporters to examine their blind allegiance. Especially as the coffins start returning from battlefields both obvious and covert.
This will take time to sink in.
But 2020 has just become the decade in which Trump has triggered a major global conflict where the largest geopolitical entities are now allied against the United States.
Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.
Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.
Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.