Gold, Oil, and the Road to War

On Friday, Feb. 28, 2026, the government of Donald Trump, along with the Zionist entity, launched a full-scale military assault on Iran. Trump indicated that, as he did during the so-called 12-day war in June 2025, the attack aimed at killing top Iranian leaders.

This time, the targets included Iran’s “supreme leader” — as the expression is translated in the West — Ayatollah Ali Khamenei. The 86-year-old was the religious leader of Shia Islam based in Iran, and other Muslims respected him as well. Millions of Iranians were outraged, as millions of Catholics and other Christians would be if a powerful nation bombed the Vatican to kill the pope. A U.S. airstrike on a girls’ elementary school killed, according to one estimate, almost 170 people, mostly schoolgirls. A brilliant example of U.S. military technology and power!?!

In addition to joining the assault, the Zionist entity has gone even further. It launched a massive attack on Lebanon, intending to drive out all Arab people from the southern part of the country. If that isn’t enough, it tightened its food blockade against Gaza, escalating the genocide, while the assault on Iran diverts the attention of the world. The war on Iran raises many questions, including the relationship between the Zionist entity, the so-called State of Israel, and the U.S.-NATO world empire.

The Reichsbank in 1939 and the Federal Reserve in 2026

In January 2026, the Trump administration launched additional attacks on the Federal Reserve System’s independence. This caused the gold market to go into a frenzy, with the dollar gold price spiking to over $5,500 an ounce. The price then plunged back below $5,000 after Trump announced the nomination of veteran central banker and Wall Street favorite Kevin Warsh to head the Fed after chair Jay Powell’s term ends in May. As of early February, the price has fluctuated around $5,000. While this may seem obscure to laypeople, it points to the economic roots of crises that have erupted on many fronts.

We’ll begin with Iran, then turn to the general strike in Minnesota on January 23.

From Caracas to Minneapolis

The Donald Trump administration celebrated the birthday of what those in the Christian faith call the Prince of Peace, Jesus Christ, on December 25 by bombing two African countries, Nigeria and Somalia. That Christmas day horror was only the beginning of its crimes as 2025 ended. As 2026 began, on January 3, the U.S. bombed Caracas, the first time in history a South American country was subjected to air bombardment, and kidnapped Venezuelan president, Nicholas Maduro, and his wife Cilia Adela Flores. In a world of nation-states, the government of one country has no right to seize the citizens (let alone the head of state) of any other nation-state.

On January 7 in Minneapolis, an ICE agent shot and killed 37-year-old Renee Nicole Good, a native-born U.S. citizen who was a poet, a Christian, white, and a mother of three now-orphaned children. While the administration attempted to frame Ms. Good as a “domestic terrorist” who was attempting to run over the agent, Jonathan Ross, bystander videos show she was actually trying to avoid him while he circled her car with a cell phone in one hand and his service weapon in the other.

This horror followed weeks of a coordinated racist drive against the Somali community, which serves as a textbook example of economic scapegoating. Reactionary demagogues first claimed Somali immigrants had been capturing and eating domestic pets; more recently, they have weaponized allegations of “daycare fraud” to charge that Somali businesspeople are funneling federal dollars to international terrorist groups. By criminalizing the Somali community’s economic activity, the federal government has created the pretext for a permanent federal occupation of the city.

More than 2,000 ICE agents have flooded Minneapolis, and Trump wants to send more. This massive deployment represents a domestic application of the “Department of War” philosophy, turning a major U.S. city into a garrisoned territory.

The Historical Limits of Capital: From Stagflation to Artificial Intelligence

Recent media speculation has focused on whether 79-year-old President Donald Trump is experiencing cognitive decline, echoing similar coverage of his predecessor, Joseph Biden.

They’re the oldest men to have held the office. As people age, they become more vulnerable to the group of brain changes we call dementia. I’m not qualified to assess anyone’s health; what matters here is what these stories signal politically — confusion, factionalism, and instability at the top of the state.

At times, it seems that Trump has no coherent foreign policy. There are stories he’s pressuring Euromaidan Ukraine to settle the war with Russia on Russian terms. Then it seems that settlement talks go nowhere.

The Struggle Against Revisionism in the German Social Democracy

At the time of the death of Engels in August 1895, the German Social Democratic Party (SPD) represented the highest expression of the class-conscious working class organized as a political party achieved up to that time. Not only did the SPD enjoy the support of a large and growing sector of the German working class, it was a party avowedly based on Marxist ideas. As a result, it was the leading party of the Socialist International, also known as the Second International.

Breakdown Theories

In the preface to his “Contribution to a Critique of Political Economy,” the only major economic work of his mature period other than Volume I of “Capital” that Marx published during his lifetime, Marx explained that the underlying cause of the replacement of one mode of production by another is to be found in the changes in the forces of production.

Gold, Overproduction, and the Emerging Monetary Crisis

On November 8, Senate Democrats made a deal with Republicans to end the government shutdown. The deal was attacked by many podcasters allied with the Democratic Party’s progressive wing.

Led by President Trump, Republicans threatened to cut or end funding for the SNAP (food stamps) program. In 2024, some 41 million people depended on the program.

In the face of court orders, they backed down, but the Supreme Court allowed them to go ahead with the cutoff. Hours before eight Democrats caved to Republican demands and announced they’d vote to end the government shutdown on Republican-Trump terms.

Palestine

On October 9, a new ceasefire in Gaza was announced. The last one took effect in January 2025 as Donald Trump assumed office. Many hoped this was the end of the Gaza genocide.

In March, the genocide resumed as Trump and Zionist entity leaders made clear their aims included the complete removal of the Palestinian population from Gaza. Kept open was whether this process was through ethnic cleansing or physical annihilation (literal genocide).

Physical annihilation was achieved by killing through mass bombing, cutting off food and water, causing manufactured famine, and disease.

Marxism versus Individual Terror

On September 10, far-right youth group Turning Point USA leader Charlie Kirk was assassinated by a sniper at Utah Valley University in Orem, Utah. The FBI arrested 22-year-old Tyler Robinson, who turned himself in at the urging of his family. Turning Point USA specializes in organizing far-right youth to support the Republican Party and Donald Trump. Kirk was a thorough-going bigot who specialized in baiting African Americans, Muslims, women’s rights activists, gays, trans people, leftists, progressives and liberals. He also made anti-Semitic remarks that in no way excluded his strong support for Zionism.

Artificial Intelligence

On August 15, 2025, U.S. President Donald Trump met with Russian President Vladimir Putin in Alaska. Alaska was once a Russian colony that was purchased by the U.S. in 1867 and became a state in 1959.

The anti-imperialist YouTuber Brian Berletic expressed concern that the Trump administration might attempt to kidnap Putin. This did not seem so far-fetched in light of the Israeli-U.S. attack on Iran aimed at decapitating Iran’s political and military leadership. This occurred as they were supposed to engage in negotiations to normalize relations. Unlike Iran, Russia has nuclear weapons and the ability to deliver them to the U.S. mainland, making any kidnap attempt unlikely, and Putin returned home safely.

Trump has refused to walk away from the Russo-Ukrainian war, and there were no breakthroughs in ending it. The war started with the 2014 U.S.-organized right-wing coup to overthrow the popularly elected Ukrainian government of Viktor Yanukovych. Coup leaders, called the Euromaidan movement, were supported by a coalition of pro-U.S. imperialist liberals and Ukrainian fascists who provided the muscle power.