Currency wars are in play. Nigeria's foreign reserves are 80% in dollars. The rest are in euros and sterling. Russia, China, India, Iran, and other countries increasingly want less dollar dependence.
Moving away enough threatens it as the dominant world reserve currency. Washington is determined to prevent it. What's ahead bears watching.
The more China becomes a major Nigeria player, the less dominant dollars in the country become. The same holds elsewhere in the region and other parts of the world. Destabilizing violence may be initiated to prevent it.
Washington wants unchallenged control over Africa, the Middle East and Central Asia. They're stepping stones to global dominance. Resource rich areas are most valued.
War is America's option of choice to secure them. With or without congressional authorization, expect continued conflicts ahead.
Expect force-fed austerity at home to pay for them. Both sides of the isle agree. So does Obama.
Stephen Lendman lives in Chicago and can be reached at Email address removed .
His new book is titled "How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War"
Visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.