Wednesday, July 22, 2015

1---The Iran nuclear pact and US imperialism’s drive for global hegemony, WSWS

The Obama administration sees Western engagement with Iran as a means of preventing Tehran from being drawn into closer partnership with China and Russia. China is already Iran’s biggest trading partner and Russia its most important military-strategic partner.
A further US priority is to see if it can enlist Iranian support in stabilizing the Middle East under Washington’s leadership. The US and Iran are already at least tacitly allied in supporting the Iraqi government and Iraqi Kurdish militia in opposing ISIS in Iraq.

The Obama administration has also served notice that it intends to use the nuclear agreement to pressure Iran to assist it in reaching a political agreement in Syria that would see Bashar al-Assad’s Baathist regime replaced by one more amenable to US interests. Reversing previous US policy, Obama announced last week that Tehran should “be part of the conversation” in resolving the Syrian conflict.
* Longer term, the supporters of Obama’s Iran gambit aim to “turn” Iran, transforming it into an advance post of US imperialism in the Middle East and all Eurasia. That means to return the country to the type of neo-colonial subjugation that existed under the Shah’s regime

Toward this end, Washington plans to probe and exploit the deep fissures within Iran’s bourgeois-clerical regime. It is keenly aware that the reins of Iran’s government are now in the hands of a faction (led by ex-president Hashemi Rafsanjani and his protégé, the current president, Hassan Rouhani) that has argued since at least 1989 for a rapprochement with Washington and has longstanding close ties to European capital....

The nuclear accord and the fractious ruling class debate over it are a reflection of the mounting problems that US imperialism faces as it seeks through aggression and war to offset the erosion of its relative economic power and to confront multiplying challenges to its global hegemony.

Certain things can be said concerning the trajectory of US imperialism, the strategic calculations that underlie the proposed shift in US relations with Iran, and the implications of this shift:
* Obama and the entire US ruling elite are determined to maintain US global hegemony through military force....

* Central to American imperialism’s global strategy is dominance over Eurasia, the vast land mass that is home to almost two-thirds of the world’s population....
* Washington’s trumped-up conflict with Iran over its nuclear program was never just about Iranian-US relations. Nor was it solely about control of the Middle East. It always involved the broader question of US relations with the world’s major powers....
* When Obama claims, as he has repeatedly done, that for US imperialism war is the only alternative to a nuclear deal with Iran that realizes many but not all of Washington’s objectives, he is, for once, not lying.

Had the sanctions regime started to unravel, Washington would have faced a demonstrable challenge to its pretensions to world leadership, one that it could not walk away from without suffering a major geo-political defeat. In response, it would have been obliged to extend the sanctions—in other words, retaliate against the “sanctions-busters” by freezing their overseas assets and denying Iran access to the US-European controlled world banking system. Or, in order to avoid such action, which could quickly spiral into a military confrontation with China or Russia, the US would have been compelled to render the issue moot by abandoning the sanctions in favor of all-out war.

The Pentagon has long been planning and gaming such a war. And while the American people know nothing of these plans, in various think tank reports it is openly admitted that a war with Iran—a country four times the size of Iraq and with nearly three times the population, and which has significant state and foreign militia allies—would quickly envelop the entire Middle East. It would further inflame the US-stoked Sunni-Shia sectarian conflict and, at the very least, tie down much of the US military for a protracted period. Last, but not least, such a war would incite rising popular opposition in the US, where class tensions are already fraught after decades of social reaction

2--Governments Worldwide Will Crash the First Week of October … According to 2 Financial Forecasters

4--The clock is ticking for stocks: Acampora

The S&P 500 and Dow Jones Industrial average have been bouncing around in a tight range for the better part of 2015, but according to top technician Ralph Acampora, if the market doesn't make new highs soon, it could lead to major problems down the road.
"Before talking about the current market, it's imperative to look at the market's activity since March of this year," Acampora said Tuesday on CNBC's "Futures Now." Since the start of March, the market is virtually unchanged. "We saw several instances when the leading averages registered new highs, but only for a few days before selling off again."
The S&P 500 hasn't made a new closing high since May 21.

Read MoreS&P 500 flashes cautionary signal
For Acampora, who is unofficially called the Godfather of Technical Analysis, these failed rallies have brought about a lack of leadership.

"If we don't see new highs, it falls into this category that we're churning just like we did the last five months, and leadership is very narrow here," said Acampora. "Current leadership is in consumer discretionary and staples, financials, health-care and select technology sectors, but it's very, very narrow."

In addition to the lack of new highs, Acampora turned to the classic technical indicator that could be flashing a "caution" sign: the Dow Theory.
"While the Dow is going sideways and attempting to make new highs, transportation is rolling over. That's not a good sign," said Acampora, director of technical analysis at Altaira Limited.
Despite his concerns, Acampora is sticking to his year-end target of 2,250 to 2,300—for now. "I have to stress, we need new highs or I'll have a problem later on," he added

5--Housing sales smoking, CNBC

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