CD041: Why Attack Syria?

While the U.S. Congress remained on vacation, British Parliament was called back to debate a pending attack on Syria. We also look at some facts about Syria that suggest we might be getting into a Shock Doctrine type of situation. Links to Information in This Episode Intro Music: by (found on ) Song: by (found on ) Buy by Naomi Klein (Amazon) of the British Parliament debate on August 29, 2013 of the Syrian chemical attack on August 20, 2013 Obama Administration says an attack According to the British, there have been of the random Syrian Assad supporter The twelve things about Syria the Assad supporter wanted Americans to know:   There is a , and in the Middle East in general Syria must share its water with neighbors: Syria has oil reserves Assad's intends for Syria to become a transportation hub for fossil fuels Syria, Iraq, and Iran signed a $10 billion deal for a natural gas pipeline that would export Iranian natural gas out of Damascus () : President Obama announces that Assad must resign The United States sanctions on Iran around the world on behalf of the American monopoly patent holders in their humanitarian missions Strengthening the monetary policy framework and the financial sector 29. Notwithstanding the progress in activating monetary policy in the past two years, Syria's monetary policy framework remains rudimentary and in need of major strengthening to allow the central bank to use indirect instruments of monetary control to operate effectively in a financial system that will increasingly become market-based. Indirect instruments will strengthen the price mechanism in the financial sector, ensuring a more efficient allocation of financial resources and a proper pricing of financial risks. 30. Progress toward this medium-term goal should start by having the central bank gain full control of existing direct instruments. The central bank should have the right to decide on credit ceilings and credit policies of banks with a view to ensuring a pace of credit and monetary expansion consistent with maintaining price stability while fostering economic activity and employment. Banks have to abide by all prudential regulations. Beyond this, the role and responsibilities of the central bank and the ministry of finance in exercising oversight on the banks should be clearly defined. While the government could play a lead role in choosing the board and the management of public banks, the CBS should have the authority to evaluate and approve banks' policies, and procedures related to the credit and investment. 31. Furthermore, the CBS should have operational independence and the institutional capacity to exercise effective banking supervision. Indeed, in the absence of effective banking supervision, the strong credit growth and the rapid opening of the banking system could endanger the soundness of the financial sector. Therefore, the mission urges the authorities to: give the central bank power to: (i) address noncompliance, as well as safety and soundness concerns it may have for certain banks, and (ii) to ensure that fit and proper criteria are met in appointing senior staff in public and private banks and that credit policies are consistent with safe and sound best practices; allocate adequate resources to continue to build capacity for banking supervision; and complete the banking supervision framework including a licensing manual to ensure prudent and transparent licensing policy. (Another article ) "Rebels" after Qaddafi was removed from power The Central Bank of the Islamic Republic of Iran is