Signs abound this week of potential for future global conflict. Here’s a brief look at five: (1) China’s propagandized celebration of the 70th anniversary of victory over Japan; (2) An international summit on the Arctic; (3) growing revolution, again, in Ukraine; (4) announcement of a European Union emergency meeting on Middle East war refugees; (5) and agonizing dissolution of the global economy.
China, Japan, and the U.S.
In June, Peculiar Progressive warned of rising tensions with China in our column “China, the U.S. and Looming War”, emphasizing America’s saber-rattling over China’s growing economic strength, and China’s active response to it. We also warily examined recent efforts at nuclear-weapon buildup in the U.S., Russia and China in our column “Nukebuild: This Will Not End Well”.
Now China, on Sept. 3 ups the ante on its anti-Japan/U.S. jousting with a major holiday and military parade celebrating its World War II victory over Japan. Chinese media have been stressing the approaching holiday, emphasizing Japan’s aggression and war crimes. The U.S. military newspaper Stars and Stripes has covered the Chinese effort at increasing public ill-will against Tokyo with the recent article “China’s leadership fans smoldering antipathy toward Japan”.
The list of who will attend and avoid China’s celebration appears to draw deeper global lines of separation. Russia will be there, further solidifying economic and military ties with China. The U.S. will not be there, nor will leaders of the European Union, two of China’s major allies in World War II. Chinese media points out its gratitude to the U.S. military’s Flying Tigers, the crack air squadron that fought Japan in the air above China’s mainland.
Also today (Monday), news outlets began reporting that Washington is considering sanctions against China over alleged hacking of federal government websites. China has denied responsibility for the hacking and has countered with accusations against the U.S. of hacking Chinese sites.
All this points the way to what could be a stressful face-to-face meeting scheduled between President Barack Obama and China President Xi Jinping in late September.
On Dec. 25, 2013, Peculiar Progressive published the column “The Coming Conflict over Santa’s Home”. We discussed what could lead to battling over possession of the North Pole’s oil, gas, and fresh-water reserves. The Arctic, which has seen 65% of its ice melted, is deep in natural resources, including oil, gas, and fresh water, along with fish and, in the subarctic, forestlands — all considered economic boons to the major nations. A number of those countries claim property rights to sections of the area. Those sovereignties include Canada, Russia, the United States (Alaska), Denmark (Greenland), Norway, Sweden, Finland, and Iceland.
Both Sunday and Monday (today), the U.S. has brought together the highest-emitting-pollutant countries for a closed-door summit on global warming’s effect on the polar region.
Closely following will be the Sept. 28-30 2015 Arctic Energy Summit bringing together “several hundred industry officials, scientists, academics, policy makers, energy professionals and community leaders together to collaborate and share leading approaches on Arctic energy issues”, according to the summit’s website.
In our 2013 column, we already predicted the possibility of military conflict over the region. Eight nations, including six NATO countries, also suggested that with military exercises in the area this summer.
We’ve been writing about Ukraine since early 2014 when United States officials helped push Ukraine billionaires to foment an angry citizenry into a continuing revolution. That resulted in the overthrow of the democratically elected government and rise to power of billionaire Petro Poroshenko as president.
Now the neo-fascist parties who pushed him into power are rebelling against his government. Their protests in front of parliament in Kiev led to violence, a death, and injuries.
Ukraine is basically a failed state, unable to pay bills, seeing increased hardships on citizens, and growing unrest. The U.S. has used Ukraine as an excuse to challenge Russia through the North Atlantic Treaty Organization and implement sanctions against Moscow. Ukraine recently received a restructuring of credit, but that can only end in the country losing its public assets to private hands like Greece has just suffered.
A reigniting of revolution or conflicts between Kiev and the country’s rebel eastern regions could only add to the unstable international situation, including the growing U.S. vs Russia/China shoulder-shoving.
Europe and Refugees
The same can be said for the increasing turmoil Europe is facing with the flooding of war refugees from the Middle East — a result of the U.S.-led West’s efforts at endless war in Afghanistan, Iraq, Syria, Libya and beyond.
The European Union on Sunday called an emergency meeting of ministers to try to cope with the mass migration of hundreds of thousands from war-torn areas. The exodus efforts are seeing hundreds die as they try to flee via land and water.
Nationalists in European countries actively oppose the migrations, affecting national policies and surely will affect future elections and unrest within European borders.
All of these struggles will prove harder to solve, primarily because the world debt continues to expand at an alarming rate, made clear in Jeff Desjardins’s August article “$60 Trillion of World Debt in One Visualization.”
Washington and American corporate media have recently spotlighted China’s shaky stockmarket as the culprit leading to current market trends. But Desjardins’s figures say no, showing world debt as the culprit, with the U.S. holding 29 percent of the global debt and Europe 24 percent, while China holds only 6 percent. Some independent investors like Peter Schiff, CEO of Euro Pacific Capital, say China’s not the problem, it’s the U.S. Federal Reserve. Others like Michael Pento of Pento Portfolio Strategies say it’s both the Fed and China.
Both Schiff and Pento foresee a coming economic crisis which investors might beat only by holding precious metals like gold and silver, which both Russia and China have been mining and buying for a while.