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.

Brazil, Uruguay move away from US dollar in trade

Posted by seumasach on December 15, 2014

Hang the Bankers

10th Decmber, 2014

Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar.

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US isolated over BRICS and IMF

Posted by seumasach on December 15, 2014

US isolated, BRICS to get greater voting power at IMF

BRICS Post

13th December, 2014

Months after the formation of new financial institutions like the $100 billion BRICS Bank and the China-led Asia Infrastructure Investment Bank, Christine Lagarde, managing director of the International Monetary Fund (IMF), said Friday that the organization is ready to discuss IMF voting reforms without the United States to give BRICS and emerging countries greater voting power.

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Russia-India relations given $100 billion-worth boost

Posted by seumasach on December 14, 2014

​20 deals in 24 hours: Russia-India relations given $100 billion-worth boost

RT

12th December, 2014

The economic burden of Western sanctions has pushed Russia to the east in search of business opportunities. Judging by the outcome of President Putin’s visit to India – 20 high-profile deals struck – Moscow’s ‘pivot to Asia’ is getting a warm welcome.

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EU’s tug of war for Turkey

Posted by seumasach on December 9, 2014

Sputnik News

9th December, 2014

The EU has dispatched its foreign policy chief Federica Mogherini to Turkey to prioritize the country’s admission to the Union, as well as to talk about its anti-ISIL efforts. This could be seen as a carrot-and-stick approach to goad Turkey away from Russia and back into the Western fold.

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Cold Turkey

Posted by seumasach on December 9, 2014

Ankara Buckles Against Western Pressure, Turns to Russia

Sputnik

2nd December, 2014

Russia has abandoned the troubled South Stream project and will now be building its replacement with Turkey. This monumental decision signals that Ankara has made its choice to reject Euro-Atlanticsm and embrace Eurasian integration.

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Putin rejects ‘dollar dictatorship’

Posted by seumasach on November 25, 2014

tin: Russian Economy Won’t Be Dominated by ‘Dollar Dictatorship’

Sputnik News

14th November, 2014

MOSCOW, November 14 (Sputnik) – Russia plans to leave the “dollar dictatorship” of market oil prices and turn to using the country’s national currency and the Chinese yuan, Russian President Vladimir Putin said Friday.

 

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Rupture du G-20 à Brisbane

Posted by seumasach on November 25, 2014

Alfredo Jalife-Rahme

Voltairenet

21st November, 2014

Pour Alfredo Jalife, le G20 de Brisbane n’a pas été le théâtre d’un isolement de la Russie, mais d’une fracture toujours plus prononcée entre les membres des BRICS d’un côté, et les alliés de Washington de l’autre. Les premiers ont d’abord pris acte de la mauvaise foi des Occidentaux qui s’étaient engagés, en 2010 à Séoul, à une réforme du FMI jamais terminée. Puis, ils ont réaffirmé leurs intérêts communs et leur décision de créer un système international alternatif. Par ailleurs, il semble que l’acharnement des médias atlantistes à tourner en dérision le départ anticipé du président Poutine vise à masquer les rumeurs sur un possible attentat contre lui.

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Iran takes center stage in East-West struggle

Posted by seumasach on November 24, 2014

Ramin Davoodi

Asia Times

21st November, 2014

The macroeconomic and geopolitical stakes are high in a stand-off between the global East, South and West. As the stakes rise on the world’s chessboard, so does Iran’s role.

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Return of geopolitics

Posted by seumasach on November 22, 2014

Maleeha Lodhi

The News

18th November, 2014

A dominant theme at the recent World Economic Forum summit was that the return of geopolitics, turbulence and volatility were combining to shape today’s fraught strategic environment.

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‘Anti-offshore’ law to bring billions back to Russian economy

Posted by seumasach on November 22, 2014

RT

19th November, 2014

Russia’s upper house of parliament has approved an “anti-offshore” law requiring individual and corporate taxpayers to foreign profits. The Russian government aims to prevent capital outflow via “offshores,” estimated at $200 billion in 2014.

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China aims for official gold reserves at 8500 tonnes

Posted by seumasach on November 11, 2014

Zero Hedge

9th November, 2014

China should accumulate 8,500 tonnes in official gold reserves, more than the US, according to Song Xin, President of the China Gold Association, General Manager of the China National Gold Group Corporation and Party Secretary. He wrote this in an opinion editorial published on Sina Finance July 30, 2014. Gold is money par excellence in all circumstances and will help support the renminbi to become an international currency as “gold forms the very material basis for modern fiat currencies”, Song notes. In the short term the Chinese will not back the renminbi with gold (establish a fixed renminbi price for gold), but support it with gold so it has sufficient credibility for the world to accept it as a trade and reserve currency.

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