Tatiana Dementieva
Photo: William Engdahl
As you know, a couple of decades ago the USSR ceased to exist and the global balance of powers shifted towards the USA and the West. Now, Washington has to face Russia and other superpowers including China when solving multiple global economic and geopolitical issues.
The USA is diplomatic only with those who has either nuclear arms (like Russia) or those who is economically powerful (China, the EU). The Middle East has been a point interest for the USA for decades. Wars in Iraq and Afghanistan, sanctions against Iran… now it is about possible aggression against Syria. What may be the consequences (for the global economy) of a possible military operation in Syria?
The USA applied maximum force and used maximum resources to conduct a successful information war against Syria. However, it failed because the majority was against the military campaign against Syria: 71% of the Americans, 63% of the British, 76% of the French and 76% of the Turks. This become possible mainly due to Russia’s political and diplomatic support, which helped to reveal the real state of affairs.
Social networks like Facebook, Twitter and LinkedIn became an efficient weapon against the USA’s propaganda.
Experts say that the West has lost some of its influence in the global information environment. At the same time, Chinese ССТV and Russian RT seem to have consolidated their positions. Their audiences are huge. In particular, RT has over 1 billion views on YouTube.
There is a sea of fake video footage of war crimes in Syria. Both sides are trying to win the info confrontation.
Syria and Oil
After Russia offered Syria to give away the chemical weapons under the international supervision, there emerged the hope that the Syrian issue will be resolved without the US intervention.
After the announcement, oil prices lost 5% in an instance. Indeed, this decline last for 2 days but it was a significant one. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of Brent oil:
Now crude oil is recovering. Brent oil is trading around $108 per barrel since the situation around Syria is still uncertain. Moreover, the world is still waiting for the Fed to start tapering its accommodative policy (QE).
According to Tusar FX (TOP10 of Masterforex-V Academy’s rating of brokers), crude oil may appreciate up to $120-130 per barrel. If this is the case, the Russian Ruble may also strengthen against the US Dollar.
As for other global currency, the changes will be minor (within 1-2% even if the US eventually decides to bomb Syria). When it comes to stock markets, Dow Jones Industrial Average and S&P500 hit month highs after the announcement that the US-led military operation against Syria’s ruling authorities is delayed.
Tatiana Dementieva
