Posted by seumasach on February 21, 2014
This looks like a good moment to curb CIA activities in Ukraine and Venezuela
20th February, 2014
In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates. Of course the number one foreign nation that we depend on to participate in our system is China. China accounts for more global tradethan anyone else on the planet (including the United States), and most of that trade is conducted in U.S. dollars. This keeps demand for our dollars very high, and it ensures that we can import massive quantities of goods from overseas at very low cost. As a major exporting nation, China ends up with gigantic piles of our dollars. They lend many of those dollars back to us at ridiculously low interest rates. At this point, China owns more of our national debt than any other country does. But if China was to decide to quit playing our game and started moving away from U.S. dollars and U.S. debt, our economic prosperity could disappear very rapidly. Demand for the U.S. dollar would fall and prices would go up. And interest rates on our debt and everything else in our financial system would go up to crippling levels. So it is absolutely critical to our financial future that China continues to play our game.
Posted in Currency Wars | Tagged: Chinese soft power, dollar collapse | Leave a Comment »
Posted by seumasach on February 18, 2014
The great about quantitative easing is that at the same time as providing an ongoing bailout of Wall Street it releases speculative funds to drive up food prices globally. This enables further US-backed destabilization campaigns, led by “activists” and cheer-led by the Guardian newspaper, directed against the worlds “regimes”. But these dollars are now coming home to roost with the promise of hyper-inflation in the homeland. How will our “regimes” respond?
18th February, 2014
A crowd of anti-government activists wrested free an opposition politician as he was being hauled away in handcuffs by security forces following a raid on the party headquarters of Leopoldo López, President Nicolas Maduro’s biggest foe.
Posted in Currency Wars | Tagged: dollar collapse, End of empire, quantitative easing | Leave a Comment »
Posted by seumasach on February 17, 2014
8th February, 2014
The United States has been quite vocal about its “pivot to Asia,” but as Washington seeks to further its influence in the Asia-Pacific, China has been quietly upping its own importance to Central and Latin America. Now China is making a push to further its engagement with countries in the Western Hemisphere, as evidenced by the announcement of a new dialogue mechanism. The Community of Latin American and Caribbean States (CELAC), which met in Cuba from January 28 to 29, adopted a statement announcing the establishment of a China-CELAC Forum.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), China-CELAC Forum, Chinese soft power, End of empire, The Community of Latin American and Caribbean States (CELAC) | Leave a Comment »
Posted by seumasach on February 13, 2014
31st January, 2014
Certains considèrent la zone euro comme le centre névralgique de l’UE, d’autres souhaitent qu’un Parlement propre lui soit dédié. Selon le Laboratoire Européen d’Anticipation Politique, la priorité serait d’inviter les citoyens à réfléchir au sujet.
Posted in Battle for Europe, Multipolar world | Tagged: euroland construction | Leave a Comment »
Posted by seumasach on February 13, 2014
The Federal Reserve had been purchasing $85 billion in Treasury and mortgage-backed securities per month, but it announced that it would reduce its monthly pace of purchases to $75 billion in January and to $65 billion in February. In her testimony, Yellen reaffirmed that another reduction in the pace of asset purchases is likely to be announced at the next policy meeting in March.
Yellen cannot continue a zero-interest rate policy and continue tapering QE. QE, the systematic devaluation of the dollar, still the world’s reserve currency, has led to rising prices globally and threatens to provoke a global revolt against US finical hegemony. That is why the Fed is tapering and why interest rates will rise at some point in the none too distant future.
US Fed Chair Janet Yellen reassures Wall Street on easy money policy
US Federal Reserve Chair Janet Yellen reassured Wall Street in her first congressional testimony Tuesday that the Fed would continue its zero-interest-rate policies into the indefinite future.
Posted in Currency Wars, Financial crisis | Tagged: dollar collapse, End of empire, QE3 | Leave a Comment »
Posted by seumasach on February 13, 2014
,posing in a presidential look ahead of announcing his bid
12th February, 2014
CAIRO – Egypt’s military chief headed to Russia Wednesday on his first trip abroad since ousting the country’s Islamist president, part of a shift to reduce reliance on the United States at a time of frictions between the longtime allies.
Posted in Egyptian revolution, Multipolar world | Tagged: Russian diplomacy | Leave a Comment »
Posted by seumasach on January 30, 2014
30th January, 2014
In a future update of The Devil’s Dictionary, the famed Ambrose Bierce dissection of the linguistic hypocrisies of modern life, a single word will accompany the entry for “Pacific pivot”: retreat.
Posted in Multipolar world | Tagged: asia pivot, Obama's realist turn, retreat from empire | Leave a Comment »
Posted by seumasach on January 25, 2014
“The West sees ahead a crucial juncture in post-Cold War era for countering what it perceives as Moscow’s strategm to pit Eurasian integration against European integration.
Moscow maintains that the two integration processes can co-habitate and can have overlapping geo-strategic space, but Europe rejects that notion, which it equates as acquiescence with Russian hegemony in Eurasia.”
25th January, 2014
Ukraine is on the boil. The anti-government protests have become confrontational and have drawn blood in the past few days. President Viktor Yanukovich has been so far insisting that a change of leadership is possible only through the presidential election scheduled for March 2015, but that stance has come under growing pressure.
Posted in Multipolar world | Tagged: Europe v.Eurasia, Russian diplomacy, the Eurasian Union, US Russia cooperation | Leave a Comment »
Posted by seumasach on December 7, 2013
Those who are Irritated by our Friendship with Brother Leader Gaddafi can Jump in a Pool
Posted in Multipolar world | Tagged: African unity, Mandela and Gaddafi | Leave a Comment »
Posted by seumasach on December 5, 2013
5th December, 2013
Who said that we Brits are slow when it comes to speaking foreign languages! It’s particularly gratifying for me to see David Cameron in China trying out his Chinese, touting for business for some of his cronies, and pointedly neglecting to mention the Dalai Lama. Could it be that he is finally following my call in these columns for a strategic partnership with China? Are we seeing Britain finally embracing multipolarity in a historic geostrategic compromise? If the Foreign Office are now coming round to my way of thinking let us hope that they embrace it with all the zeal of the belated convert. But will the Chinese reciprocate?
An article in Global Times suggests not:
“We’ve discovered that Britain is easily replaceable in China’s European foreign policy,” said the editorial in the newspaper’s Chinese edition. “Moreover, Britain is no longer any kind of ‘big country,’ but merely a country of old Europe suitable for tourism and overseas study, with a few decent football teams.”
However, I would suggest that China is just playing hard to get and not even that hard judging by the spate of investment already on the way here. What’s in it for China, apart from the endless stream of basement price gold? Geopolitics,silly! I have the impression that the Chinese see the old imperial power as a major influence over the USA and potentially a focus for neo-con deadenders seeking to reverse Obama’s historic shift towards a realist foreign policy. They would then be particularly keen to neutralize it. They also wish to make it quite clear that inward investment comes with strings attached namely, non-intervention in China’s internal affairs.
Cameron I believe understands this. Britain is in no position to maintain it’s right to pontificate on human rights,to go on throwing stones, although he must make an occasional nod to public opinion back home. He has also understood what’s at stake for us:
“Britain, having had some very difficult years, having suffered badly in the crisis, is on a mission to rebuild.”
He appears to have grasped the relationship, which I have been pointing out for some time, between reconstruction at home and strategic partnerships abroad: it’s not just about selling a few sausages from Melton Mowbray.
He has also grasped that Britain’s attractiveness for inward investment depends on continued membership of the EU. This is a difficult question for Cameron. The British oligarchy has long demonized the EU in favor of the Wall Street/City of London axis. But their campaign to knock out the Euro failed and Obama has since signaled the end of the special relationship. Cameron’s pose as a representative of the EU promoting free trade may appear to be just a piece of impertinence but it is a clever way of signaling to China his commitment to Europe without triggering alarm bells back home amongst a still eurosceptic public. Whilst Cameron is busy marginalizing the Labour Party and the left, ably abetted by Alex Salmond and his devo-max agenda which will help keep Scottish radicals out of Westminster, his main problem is to marginalize the right,UKIP and his own eurosceptic wing, if he is to build on the China partnership.
Posted in Multipolar world | Tagged: UK-China strategic partnership | Leave a Comment »