“For the first time, too, we see the end of the petro-dollar as a system for recirculating oil revenues to Wall Street.”
“The fall in the price of oil has suddenly created huge financial turbulence, which is endangering the global financial system.”
Alastair Crooke is a former MI6 official, the director and founder of Beirut-based Conflicts Forum and formerly adviser on Middle East to EU Foreign Policy Chief Javier Solana.
This is an excerpt from an interview that originally appeared in Today’s Zaman (Turkish English-language daily)
Crooke, who was in Turkey for the İstanbul Forum, has answered our questions in this regard including the question as to where Turkey stands in the world.
Would you tell us about your ideas in regards to the “financialization of the global order”?
For some time, the international order was structured around the United Nations and…
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