Send a Tweet
Most Popular Choices
Share on Facebook 1 Share on Twitter 1 Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

Obama's New Year Resolution: More Middle East War

By       Message Stephen Lendman       (Page 1 of 5 pages)     Permalink    (# of views)   No comments

Related Topic(s): ; ; ; , Add Tags
Add to My Group(s)

View Ratings | Rate It

opednews.com

Author 194
Become a Fan
  (191 fans)
- Advertisement -

Obama's New Year Resolution: More Middle East War - by Stephen Lendman

Syria and Iran are targeted for regime change.

- Advertisement -

Syria and Iran are targeted. Regime change is planned. At issue is replacing them with client ones, controlling the region's strategic resources, and depriving key rivals China and Russia from access.

Pressure keeps building relentlessly. For months, Syria's been ravaged by externally generated violence. Its economy's also suffered enormously. According to a Damascus University assessment:

- Advertisement -
"The general financial situation of the country is suffering from the inability of the state budget because of the inability of the general revenue to cover expenses."

Moreover, conditions ahead look worse because tax revenues are half what's needed. Economic sanctions also impede oil revenues. As a result, the estimated 2012 budget deficit will be about 529 billion Syrian pounds ($9 billion dollars) out of a total $1,316 billion budget. A 40% revenue shortfall amounts to 18% of GDP.

Combined with accumulated deficits, financial strain is hugely disruptive. Syria's been cut off from credit markets. Traditionally, Central Bank loans funded deficits. However, sufficient reserves are lacking. Prices keep rising. Purchasing power further erodes. In the past six years, it's fallen 40 - 50%.

- Advertisement -

The solution requires banks and corporate Syria to help. They're able to provide considerable government funding from their "enormous profits during the economic reform and liberalization process." Doing this can be done through laws specifying amounts, rates and terms. 

Syria can only raise 60% of budget needs. It can't borrow so needs other ways to cover the shortfall. Currently, 59 Syrian pounds = one US dollar. So far, economic collapse has been prevented. However, it's coming without help, and with it greater pressure on an already beleaguered regime.

Next Page  1  |  2  |  3  |  4  |  5

 

- Advertisement -

View Ratings | Rate It

opednews.com

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

Stephen Lendman Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert