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.

Santiago de Chile: the yuan’s financial stronghold in Latin America

Posted by seumasach on September 15, 2015


15th August, 2015

Economic relations between China and Latin America are living increasing tensions. As a result of deflation (fall in prices) on a global scale, the South American region is suffering the consequences of concentrating the bulk of its exports to China on commodities. However, the opening of the first yuan financial center in Latin America, in Santiago de Chile, agreed during Prime Minister, Li Keqiang’s visit, is bound to attract a number of technological investments which could drive peripheral industrialization and decrease the dollar’s dominance in Southern Cone countries.


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China’s `new normal’ growth model Is starting to get expensive

Posted by seumasach on September 12, 2015

“Airports, subways, bridges, railways and water projects are among the approved projects by authorities since May, according to Mizuho. Provincial efforts include Shandong’s announcement it will buy small and medium-sized residential properties and convert them into public rental homes.”

The above quote illustrates how different the Chinese system is. They may be propping up the stock market to keep their middle class afloat but the pattern is the extension of credit to develop the real economy following Deng Xiao Ping’s dictum that whatever you do never lose control of the credit system. If only we in the West could do the same thing, renewing our creaking infrastructure and turning empty homes into council houses. Perhaps Jeremy Corbyn has something of the like in mind?

See also: Let’s build a strategic partnership with China


10th September, 2015

When Premier Li Keqiang took the stage Thursday at the World Economic Forum’s “Summer Davos” meeting in Dalian, he told business leaders that although China faces challenges, growth is on track and fundamentals remain sound.

The upbeat message is all part of a ‘New Normal’ narrative from China’s leadership as the economy transitions from relying on heavy industry and debt to one driven by consumption and services. What Li didn’t mention was the spiraling bill associated with keeping the economy on course to hit the Communist Party’s growth target of about 7 percent for this year.

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The Petroyuan cometh

Posted by seumasach on September 12, 2015

Launch Of Renminbi-Denominated Oil Futures Contract Imminent

Zero Hedge

11th September, 2015

Whenever one talks about the death of the petrodollar, the unspoken question lurking just beneath the surface is this: is the rise of the petroyuan just around the corner?

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Chinese build factories in U.S., creating jobs and tensions

Posted by seumasach on September 7, 2015

Japan Times

6th September, 2015

When Chen Mingxu was a boy, U.S. businessmen poured into rural China, welcomed with tax breaks and steamed turtle. Thirty years later, in a kind of reverse migration, Chen finds himself in southwestern Alabama smiling wanly over bacon-wrapped meatloaf and banana pudding.

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Russia, Egypt support forming anti-ISIS coalition with Syria

Posted by seumasach on August 27, 2015


26th August, 2015

Russia and Egypt support the creation of a broad anti-terrorist coalition, which would include Syria, to fight Islamic State militants, Russian President Vladimir Putin said at a joint media conference with his Egyptian counterpart Abdel el-Sisi.

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Moscow backs Brazil, India for permanent UNSC seats

Posted by seumasach on August 16, 2015


14th August, 2015

Russian Foreign Ministry Sergey Lavrov has told Russian media that Africa, Asia and Latin America are underrepresented in the United Nations Security Council (UNSC) and said Moscow favors expanding its membership.

Lavrov said that Moscow was particularly supportive of Brazil’s and India’s applications to become permanent UNSC members.

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Shanghai Cooperation Organization turns Pan Asian

Posted by seumasach on July 11, 2015

Asia Times

11th July, 2015

The Shanghai Cooperation Organization (SCO) finally delivered on its earlier pledges to enlarge the grouping. The organization — that currently includes Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan — accepted major South Asian nations thus moving towards a new reincarnation of Pan-Asianism.

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Russia through the Saudi looking glass

Posted by seumasach on June 25, 2015

Nonetheless, Rashed sums up: “Of course, we shouldn’t read into any new developments outside political frameworks, because I can hardly imagine that Saudi Arabia has decided to turn against its alliances (with the West) – but it probably wants to get out of the narrow US corner and expand its options”.

The Saudis can downplay this as much as they want- the simple fact is that getting out of “the narrow US corner” is tantamount to ending the reign of the petrodollar


Asia Times

24th June, 2015

The latest bunch of diplomatic cables released by WikiLeaks as part of the half a million files relating to Saudi Arabian Foreign Ministry contains a revealing document on an “arrangement of reciprocal support to the candidature of the Government of Russia to the Human Rights Council on the understanding that the Government of Russia would also extend its valuable support to the candidature of Saudi Arabia” in the elections to the body held in May 2013.

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Sino-Russian rapid rapprochement to undermine dollar

Posted by seumasach on June 21, 2015

Sino-Russian rapid rapprochement giving Western financiers the shivers


19th June, 2015

The Sino-Russian rapid rapprochement, accelerated by anti-Russian sanctions, gives Western financiers the shivers and prompts fears for the West’s economic fortunes and the future of the US dollar.

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St. Petersburg in the heart of the action

Posted by seumasach on June 21, 2015

Pepe Escobar

Asia Times

20th June, 2015

The dogs of western fear and sanctions bark, while the Eurasian caravan passes.

And no caravanserai could possibly compete with the 19th edition of the St. Petersburg International Economic Forum (SPIEF). Thousands of global business leaders – including Europeans, but not Americans; after all, President Putin is “the new Hitler” – representing over 1,000 international companies/corporations, including the CEOs of BP, Royal Dutch Shell and Total, hit town in style.

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PERSPECTIVE NATO, the IMF, divisions, Grexit…

Posted by seumasach on June 18, 2015

Looking out to 2020: the return of European wars ?


15th June, 2015

In the face of some rather worrying indicators in recent months, we have got to the point of asking ourselves the question of the likelihood of a return of European wars looking out to 2020. Actually, it’s not because our team continues to see the crisis’ exit tracks falling into place, that it doesn’t keep watch over the remaining obstacles on the path to these exits; obstacles which to us seem to be of two kinds essentially :
. first, the efforts of the world before’s masters to keep control, anachronistic conflicts and rooted in the past, caused by increasingly isolated, but also increasingly aggressive powers, amongst whose number there remains especially, but not only, the US military ;
. second, what are the « natural » sparks, likely to give birth to enormous friction between tectonic plates, the best image evoking the geopolitical rebalancing underway.

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