Alastair Crooke: US move to steal Venezuela’s🇻🇪 oil is to avert its own FINANCIAL CRISIS
https://x.com/afshinrattansi/status/1993718752123425129
Alastair Crooke: US
move to steal Venezuela’s
oil is to avert its own FINANCIAL CRISIS
‘The US needs collateral to underpin all of these liabilities on their bank sheets. And so they need resources. They need the oil of Venezuela, they need the Arctic, they need the Middle Eastern resources partly, just to reinforce, because when you get to the end of your leverage, you can’t give more credit until you get more assets on your balance sheet.
And so they want the assets of Venezuela and the Middle East on their balance sheets so they can lend more and therefore take more resources, buy and lend to countries that have resources and then use those for further expansion.
Everything is about expansion. America thrives on expansion. And so all of these things are connected by that.
America is getting overwhelmed by its deficits and is getting anxious and very antsy about the fact that there seem to be problems in the credit markets, in the shadow banking area, in things we’ve seen like subprime auto loans now, a number of companies have gone bankrupt, so they don’t know what’s there.
And so I think that’s why they’re trying to pull in money as fast as they can.’
-Alastair Crooke, the former Middle East Advisor to the EU Foreign Policy Chief, on Going Underground
move to steal Venezuela’s oil is to avert its own FINANCIAL CRISIS
‘The US needs collateral to underpin all of these liabilities on their bank sheets. And so they need resources. They need the oil of Venezuela, they need the Arctic, they need the Middle Eastern resources partly, just to reinforce, because when you get to the end of your leverage, you can’t give more credit until you get more assets on your balance sheet.
And so they want the assets of Venezuela and the Middle East on their balance sheets so they can lend more and therefore take more resources, buy and lend to countries that have resources and then use those for further expansion.
Everything is about expansion. America thrives on expansion. And so all of these things are connected by that.
America is getting overwhelmed by its deficits and is getting anxious and very antsy about the fact that there seem to be problems in the credit markets, in the shadow banking area, in things we’ve seen like subprime auto loans now, a number of companies have gone bankrupt, so they don’t know what’s there.
And so I think that’s why they’re trying to pull in money as fast as they can.’
-Alastair Crooke, the former Middle East Advisor to the EU Foreign Policy Chief, on Going Underground
posted by Satish Sharma at
03:34
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