Despite all the changes since, there is every reason to suppose that today’s policy-makers basically adhere to the judgment of president Franklin Delano Roosevelt’s influential advisor A A Berle, that control of the incomparable energy reserves of the Middle East would yield “substantial control of the world”. And correspondingly, that loss of control would threaten the project of global dominance that was clearly articulated during World War II, and that has been sustained in the face of major changes in world order since that day.
From the outset of the war in 1939, Washington anticipated that it would end with the US in a position of overwhelming power. High-level State Department officials and foreign policy specialists met through the wartime years to lay out plans for the postwar world. They delineated a “Grand Area” that the US was to dominate, including the Western hemisphere, the Far East, and the former British empire, with its Middle East energy resources.
We may be skating on very thin ice here, but the weight of the evidence still supports a weak bull case for the near to intermediate term. So I’m adding buy picks on the chart pick list and adjusting trailing stops to account for the risk.
These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.