The Petrodollar’s Creator: Iran Greater Threat Than ISIS
This news story appeared in the last couple days. While pondering it, a reader emailed me about it. Having a reader tell me about this seemed to confirm its significance in my mind. It seems old Henry Kissinger is back in the news.
Back in 1971, Henry Kissinger was the Secretary of State under President Nixon. I’ve written both in my book, Daniel Revisited, and in various posts like this one, that the one thing that will make Iran’s invasion and the Second Signpost very hard for life here in the United States is the ending of the Petrodollar. If the Petrodollar were to end, it would drastically change the economy and living conditions here in this country.
It seems they don’t make American Secretaries of State as intelligent and shrewd as Mr. Kissinger any more. Not only did he navigate the dangerous waters of dealing with Soviet Russia in the thick of the Cold War, but he also opened up China to the west in the mid-1970s and he caused the Petrodollar to happen – he was probably most responsible for birthing it. Here is a photo from the early 1970s where he is seen negotiating with the Saudis.
So it is interesting to me that this old politician had something interesting to say in the thick of the events going on right now where everyone seems to be going gaga over ISIS and thinking it might be the end of the world with ISIS doing its thing. Kissinger said, “I think a conflict with ISIS — important as it is — is more manageable than a confrontation with Iran.” He is right. Iran is the real threat here, not ISIS.
He goes on in the article,
“There has come into being a kind of a Shia belt from Tehran through Baghdad to Beirut…This gives Iran the opportunity to reconstruct the ancient Persian Empire — this time under the Shia label — in the rebuilding of the Middle East that will inevitably have to take place when the new international borders [are] drawn. The borders of the settlement of 1919-’20 are essentially collapsing.”
The creator of the Petrodollar can see what is happening and most likely sees a possible end to the very system he helped create 40 years before. And, yes, by itself what ISIS is doing is truly terrible, but it will pale compared to what is to happen next according to God’s Word – the invasion by Iran.
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