https://seekingalpha.com/article/4025111-u-s-saudi-arabia-relationship-brief-background
The U.S.-Saudi Arabia Relationship: A Brief Background
https://oilprice.com/Energy/Oil-Prices/Did-The-Saudis-And-The-US-Collude-In-Dropping-Oil-Prices.html
https://en.wikipedia.org/wiki/1980s_oil_glut
In 1981, before the brunt of the glut, Time Magazine wrote that in general, "A glut of crude causes tighter development budgets" in some oil-exporting nations.[7] Mexico had an economic and debt crisis in 1982.[26] The Venezuelan economy contracted and inflation levels (consumer price inflation) rose, remaining between 6 and 12% from 1982 to 1986.[27][28] Even Saudi Arabian economic power was significantly weakened.[citation needed]
Iraq had fought a long and costly war against Iran and had particularly weak revenues. It was upset by Kuwait contributing to the glut[29] and allegedly pumping oil from the Rumaila field below their common border.[30] Iraq invaded Kuwait in 1990, planning to increase reserves and revenues and cancel the debt, resulting in the first Gulf War.[30]
What's not mentioned is the US was encouraging Iraq and was told about the "invasion" of Kuwait beforehand and did not stop it.... the US was arming Iraq at the time.
50 Years is Enough! in 1994 launched the best World Bank protests
Mohammad Rahman 47 minutes ago
Actually most of the destruction has happened between 1945 to 1950. The great acceleration according to professor will steffen begins after second world war. And it is st thst point you see spike in 24 social economic earth system changes. In fact 5he industrial revolution begins in a global way from middle of last century. In 18th century it started in Britain and then in the whole of the west in 19th century but until 1950 mist of the people in poor countries had little bit of industrialisation and in fact you still had 95percent people live in countryside what is Bangladesh Pakistan and India as late as 1947. That number is now a quarter a third that is now urban.
Yes I traveled to the most traditional Berber village in Morocco - all the food and clothing and housing was made locally. They relied on Humanure Compost to grow all their food - along with "wild" sheep that were herded for clothing and meat. The government had just put in a gravel road next to the village - and when one truck drove by then all the women in the field raised their fists in the air to protest and yell. haha. Each house had a light bulb for two hours of light a night. That was in 1997. No point in going back.
I'm sure it's all "industrialized" now as the Peace Corps volunteer I visited - she liked being traditional - but the Peace Corps was also in India promoting digging wells to speed up industrial farming using chemicals. The Green Revolution - as Dr. Vandana Shiva has exposed - was not "green" at all. https://www.youtube.com/watch?v=uCGlLZITanI a new film about a Canadian farmer fighting Monsanto.
- I can dig this flick. Columbia University has a "science" think tank to "teach people good science" - and focuses on GMOs (as a God-send).
Big Corporations have literally been declared "persons" - and are trying to micromanage people farming worldwide. I talked to bare-Footed peasants in Venezuela also - in the Andes - in 1998. I studied conservation biology for a semester in Costa Rica also - in 1992. I lived in a cabin in the wilderness in Alaska for four months in 1990. But now I really see no reason to travel. It's been all globalized.
I used to want to go to India or maybe China. I am more interested now in traveling into what happens after death. haha. The whole world has been Westernized - so that China now gives out free chainsaws to Africans - so they rape the virgin rainforest and export the timber or lumber back to China. China relies on Cargill to export soybeans so the Chinese can eat more pork fed by Amazon rainforest or Pantanal (largest wetland in the world) soybeans.
So with globalization people have no idea how we are involved in the destruction. It was the OIL profits in the 1980s that enabled reinvestment by the World Bank and IMF - into the "third world" - and so nation states had to repay their loans with the US Petro-Dollar from Saudi Oil profits. Of course a "one commodity" country based on coffee or peanuts, etc. - the price of commodities always is going lower and so they can't repay their debt. Even Venezuela's OIL is too crude and so it crashed their economy when they attempted to free themselves from the US Petrodollar. haha.
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