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‘Do not play with fire’ Yemen warns EU as Brussels embarks on Red Sea mission

‘Do not play with fire’ Yemen warns EU as Brussels embarks on Red Sea mission

EU warships have set off for the Red Sea, where the US navy is waging its largest conflict since the end of WWII in support of Israel

(Photo Credit: Getty Images)

A high-ranking Yemeni official has warned the EU against “supporting the American devil to protect [Israel]” following the formal launch of the Aspides naval mission in the Red Sea.

“For Europeans, do not play with fire. Take a lesson from Britain,” Mohammed Ali al-Houthi, a senior member of Yemen’s Supreme Political Council, said via social media on 20 February.

“You do not need the support of the American devil in protecting the occupying entity so that it can exterminate the people of Gaza with no disturbance,” Houthi added, stressing that “international navigation is safe.”

His message followed an announcement by Brussels of the official launch of the EU naval operation codenamed Aspides – Greek for shield.

“I welcome today’s decision … Europe will ensure freedom of navigation in the Red Sea, working alongside our international partners. Beyond crisis response, it’s a step towards a stronger European presence at sea to protect our European interests,” European Commission President Ursula von der Leyen said via social media.

France, Germany, Italy, and Belgium have said they will contribute ships to the EU mission in support of Israel.

The bloc’s top diplomat, Josep Borrell, described the mission as “bold action to protect the commercial and security interests of the EU and the international community.”

With a mandate initially set for one year, Aspides will see the deployment of EU warships and airborne early warning systems to the Red Sea, the Gulf of Aden, and surrounding waters. According to officials in Brussels, the mission will be exclusively defensive, and its forces will not partake in US-led attacks against Yemen.

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Will the Global South break free from dollarized debt?

Will the Global South break free from dollarized debt?

In his latest book, economist Michael Hudson pits socialism against finance capitalism and tears apart the ‘dream civilization’ imposed by the 1 percent.
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Michael Hudson’s new book on the world’s urgent global economic re-set is sure to ruffle some Atlanticist feathers.

Photo Credit: The Cradle

With The Destiny of Civilization: Finance Capitalism, Industrial Capitalism or Socialism, Michael Hudson, one of the world’s leading independent economists, has given us arguably the ultimate handbook on where we’re at, who’s in charge, and whether we can bypass them.

Let’s jump straight into the fray. Hudson begins with an analysis of the “take the money and run” ethos, complete with de-industrialization, as 90 percent of US corporate revenue is “used to share buybacks and dividend payouts to support company stock prices.”

That represents the apex of “Finance Capitalism’s” political strategy: to “capture the public sector and shift monetary and banking power” to Wall Street, the City of London and other western financial centers.

The whole Global South will easily recognize the imperial modus operandi: “The strategy of US military and financial imperialism is to install client oligarchies and dictatorships, and arm-twist allies to join the fight against designated adversaries by subsidizing not only the empire’s costs of war-making (“defense”) but even the imperial nation’s domestic spending programs.” This is the antithesis of the multipolar world advocated by Russia and China.

In short, our current Cold War 2.0 “is basically being waged by US-centered finance capitalism backing rentier oligarchies against nations seeking to build up more widespread self-reliance and domestic prosperity.”

Hudson presciently reminds us of Aristotle, who would say that it is in the interest of financiers to wield their power against society at large: “The financial class historically has been the major beneficiary of empires by acting as collection agents.”

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Olduvai IV: Courage
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Olduvai II: Exodus
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