The G20 nations have been agitating for a new Bretton Woods, which is serious stuff. China has even thrown out using the SDR as a new way to order the framework and conduits of international trade. Just yesterday, the BRIC nations stated that they are near a $100 billion contingent reserve agreement. This will help them with liquidity, volatility and risk in our US dollar system. The initial size is $100 billion. The New Statesmen does not mention this in its what to look for article on the G20 event. Might be a good setting to announce that CRA. Besides normal conference platitudes and hopes, Vladimir Putin has made anti-bail in remarks this year, so the next phase in the megabank handling may be rolled out. With some of America's creditors on hand, why would the US start a fight those same creditors do not want to see or are supporting the other side? These are some of the same foreign creditors who sold $57 billion in Treasuries in June.
The US has remarked that the Syrian air defenses are stout but beatable. They may limit the US to missile strikes at first. Writers have noted that it would take a few days to level their air defense network. Discussing so openly the possibility of a strike gives the Syrians time to strengthen defenses and place offensive missiles in proper spots. US satellites can watch this. It also distracts the Syrians from pounding the rebel forces that they have been beating steadily in recent months. Right up until the gas attack, the Syrian regime had been winning the PR war with rebels cutting out hearts and eating them or destroying what is left of Christianity in Syria. This week long rush could all be a probe, gauging the opposition's patron's strength and ties to Syria. Considering this administration's track record in the Middle East, that may be granting them too much creativity.
Perhaps it is too rosy of a view of China, Russia and the foreign creditors of America, but war is not just about how awesome our military firepower is. The Tet Offensive of 1968 revealed that the American television camera was more powerful than the US military. The Suez Crisis ended not so much from military measures but from the US threatening to ruin the pound sterling. The Chinese and Russians may be US antagonists currently or strategic competitors, and slowly but surely they are attempting to tip the financial playing field to position themselves in Eisenhower's spot in the mid '50s. The American financial system is running on puffery, promoting a shadow recovery and producing illusory gains. Spectacle events like the G20 offer nations or alliances to publicize their moves. The US cannot afford chips at it's petrodollar hegemony and hyperpower status right when it needs to flex its muscles for the Mob Empire.