In These New Times

A new paradigm for a post-imperial world

Archive for the ‘Multipolar world’ Category

The New World Order is not turning out as planned. Instead of all power emanating from London and Washington, new power centres are emerging to the South and East: a new global equilibrium raises the possibility of a new post-imperial age of peace and equality between nations.

Legendary hedge funds take on the Chinese central bank

Posted by seumasach on February 1, 2016

Here comes the showdown between the Western financial model and the Chinese one viewed through a Western prism in this article. This looks to me like desperate stuff from Soros and his speculator friends.

Zero Hedge

31st January, 2016

One month ago, we first revealed that for one prominent winner from the subprime crisis, Hayman Capital’s Kyle Bass, “the greatest investment opportunity right now” is to short the Chinese Yuan: as he explained “given our views on credit contraction in Asia, and in China in particular, let’s say they are going to go through a banking loss cycle like we went through during the Great Financial Crisis, there’s one thing that is going to happen: China is going to have to dramatically devalue its currency.” He even went so far as to give a timeframe: “we think it’s going to be in the next 12-18 months.”

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Russia’s had enough: No more ‘business as usual’ with US

Posted by seumasach on January 30, 2016

The significance of Lavrov’s remarks is not that we are heading to a showdown between Russia and the US but, rather, that Russia now assesses that it has sufficient sympathy and support for its viewpoint inside the USA to feel able to move more aggressively to sideline the neocons. Lavrov’s comments on the Litvinenko affair showed that Russia has reach the limit in terms of accommodation with imperial redoubts like the UK, or, at least, with the Cameron leadership

Russia Insider

On Tuesday, 26 January Russian Foreign Minister Sergey Lavrov held his annual press conference before an audience of about 150 journalists, including the BBC correspondent Steve Rosenberg and many other well-known representatives of mainstream Western media. The purpose of this traditional event is to review issues faced by his Ministry in the past year and to give his appraisal of results achieved.

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Gold in 2016

Posted by seumasach on January 10, 2016

Alasdair Macleod

Gold Money

7th January, 2015

Advance signs of a global slump in economic activity emerged in 2015

Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and financial crisis that could manifest itself in 2016, partially confirmed by the disappointing performance of equity markets. If so, demand for physical gold can be expected to escalate rapidly as a financial crisis unfolds.

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Iran, India dump Petrodollar

Posted by seumasach on January 10, 2016

Just the Beginning: Iran, India Dump Petrodollar, Settle Oil Payments in Rupees

Russia Insider

6th January, 2015

Iran and India have announced that they intend to settle all oustanding crude oil payments in rupees, as part of a joint strategy to dump the dollar and trade instead in national currencies.

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Polish military police raid Nato centre in Warsaw

Posted by seumasach on January 3, 2016

As Obama’s retreat from empire becomes more evident the revolt on the imperial periphery gains momentum : Turkey, Saudi and now Poland- it’s everyone for himself.

Guardian

18th December, 2015

Polish military police have raided a Nato-affiliated counterintelligence centre in Warsaw in the latest of a series of moves by the country’s new rightwing government to consolidate its hold on power.

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Investment by Chinese firms supported by domestic finance sector

Posted by seumasach on December 6, 2015

Global Times

26th November, 2015

As more and more Chinese enterprises expand into Africa, there has been increasing interest in China’s economic activities in the continent. As well as positive feedback, there have also been some negative comments, with China having been accused of neo-colonialism, of grabbing resources and dumping low-quality products.

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China’s yuan takes leap toward joining IMF currency basket

Posted by seumasach on November 15, 2015

Reuters

14th November, 2015

 

China’s yuan moved closer to joining other top global currencies in the International Monetary Fund’s benchmark foreign exchange basket on Friday after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up.
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No China’s economy is not going to crash

Posted by seumasach on October 25, 2015

Here is an unusual article from the British left which actually praises the Chinese economic model. The points made seem valid although there is no discussion of the role of finance, an omission, I think, given Deng’s maxim that “whatever you do always keep control of the financial system”. John Ross is a supporter of Corbyn: hopefully Corbyn can also back the trend on the left of complete contempt for China’s achievements. We shall see.

– why China has the world’s strongest macro-economic structure

Socialist Action

5th September, 2015

A great deal of highly inaccurate material is currently appearing in the Western media about the ‘crisis’ of China’s economy – an economy growing three times as fast as the US or Europe. This follows a long tradition of similarly inaccurate ‘crash’ material on China symbolised by Gordon Chang’s 2002 book ‘The Coming Collapse of China’.

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New City of London project to go ahead

Posted by seumasach on October 22, 2015

It will be interesting to learn more about this new financial centre.

China Builder Revives $2.6 Billion London Project After Xi Visit

Bloomberg

22nd October, 2015

Chinese developer ABP (China) Holdings Group Ltd. has brought in a unit of state-backed Citic Group as an investor in a project to transform London’s Royal Albert Dock into a financial center after the estimated cost surged and work was delayed.

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China is rising as the US declines

Posted by seumasach on October 21, 2015

Britain can’t ignore this reality

Guardian

19th October, 2015

Who would have guessed just three years ago that the David Camerongovernment would be the author of the boldest change in British foreign policy since the second world war? That is exactly what is now unfolding.

 

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Russia outflanks Turkey in Syria

Posted by seumasach on October 7, 2015

M.K.Bhadrakumar

Asia Times

6th October, 2015

Turkey has voiced strong opposition to the Russian military intervention in Syria. How far will Turkey take this campaign?

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Posted in Global peace process, Multipolar world, Syria | Tagged: , , | 1 Comment »

 
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