Michael Hudson : The Ayatollah was killed while leading a meeting to discuss Iran’s agreement to cede its enriched uranium

Michael’s interpretation:

According to the report by the Omani referee, Iran had agreed to much more stringent restrictions on enriched uranium than the earlier pact had called for.

The Ayatollah called his fellow religious leaders to discuss how much Iran could give up in order to prevent war by ceding control of its enriched uranium.

The U.S. military saw that here was a great chance to kill many of the leading decision makers all together was killed while leading a meeting to discuss the terms of Iran’s agreement.

Any such agreement was precisely what the US and Israel could not accept, because peace would have prevented their plans to consolidate and weaponize their control over Middle Eastern oil, its transportation and the investment of its oil export revenues.

This truly is perfidy that will go down in history. The U.S. attack was to prevent Iranian moves to peace, and enable Trump to continue his false claim that Iran had refused to give up its desire to have its own atom bomb.

In sum, the attack showed that there was nothing that Iran could concede that would be accepted to the long-standing U.S. drive to control Middle Eastern oil, and to use Israel and ISIS/Al Qaeda as its two allied client armies there. Both parties, like the Iranian Nazis, were driven by ethnic and religious hatred of their designated enemies.

It will be interesting to see how many of Trump’s associates made big bets that oil prices would soar when markets open on Monday. U.S. oil companies will make a killing. China and other oil importers will suffer. U.S. financial speculators also will make a killing off their suffering to the extent that it is reflected in their stock and bond market and exchange rates.

Will Congress and the financial regulators investigate? The markets were not expecting war – and in fact were vastly underestimating its risks on Friday.

For the rest of the world, the financial crisis (to say nothing of the moral outrage) will define the next decade of international political and economic restructuring.

Most immediately, the rise in oil prices will make it impossible for Global South countries to service their dollar debts to the West and the IMF. They will face a choice: domestic economic collapse, currency depreciation and inflation, or a recognition that the U.S.-centered order is indeed dead – and with it the dollarized international financial system.

In one sense, this is a final battle to decide what World War II was all about: Would the world move toward fascism and socialism.

If other countries do not mobilize their alternative to the US/European/Japanese/Wahabi offensive, they will suffer the resurgence of what U.S. Secretary of State Rubio called a resurgence of the proud Western history of conquest and destruction of civilization’s creation of the most basic principles of international law and equity.