In These New Times

A new paradigm for a post-imperial world

UK sees Chinese growth at record rate

Posted by seumasach on December 16, 2014

The partnerships established with China by the British and Scottish governments are already bearing fruit. This is the one mitigating factor in bankrupt Britain meaning the coming crisis will be less apocalyptic than it would be otherwise. Britain has always depended on incoming capital flows. The difference now is that instead of these going into government bonds they are taking the form of FDI(foreign direct investment). This provides us with a chance to run down our debt as the Chinese cash in their sterling-denominated bonds for real assets, and to end our trade deficit as Britain becomes an export base for Chinese companies or manufactures here goods which we have up until now imported from China. I would also expect them to “recapitalise”, takeover, our banks once they have been bailed in. This is the context in which the commitment of all major parties to a balanced budget, guaranteed by financial devolution to the regions or constituent nations, must be understood. There are no buyers for UK government bonds and QE to infinity is impossible. It is also possible now to avoid the complete collapse of the pound and we may instead hope for an orderly devaluation within a new global financial system prior to eventual adoption of the Euro.

China Daily

12th December, 2014

Chinese companies are growing in the UK at an unprecedented rate, adding a significant contribution to the UK economy through growth and employment, according to the Grant Thornton Tou Ying Tracker 2014 in collaboration with China Daily.

According to the Tou Ying 2014 Top 25 tracker which was released on Friday, the 25 fastest growing Chinese companies in the UK this year have generated 38 percent growth overall. Their combined turnover exceeded 25 billion pounds, and together they employ about 4,000.

 

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Posted in UK economy | Tagged: , , | Leave a Comment »

Oil, currencies, finance, societies, the Middle East : Massive storm in the Western port!

Posted by seumasach on December 16, 2014

LEAP 2020

15th December, 2014

For almost two years, by combining various points of view (speculative, geopolitical, technological, economic, strategic and monetary…), we have continued to anticipate a major crisis in the entire oil sector.

Today, no one doubts the fact that we are actually at that point, and the GEAB must therefore anticipate the consequences of this veritable atomic bomb, which has begun to blow up all the old system’s pillars: everything which we have known, international currencies, financial markets, the US, the Western alliance, world governance, democracy, etc.

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Posted in Financial crisis | Tagged: , | Leave a Comment »

Outsourced and unaccountable: this is the future of local government

Posted by seumasach on December 16, 2014

Guardian

15th December

Ignore the economists quibbling whether public spending is returning to the era of George Orwell. If you want to see the future of your local public services, it’s already here: in the north London suburb of Barnet. I visited last week – and it’s not pretty.

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Posted in UK economy | Tagged: | Leave a Comment »

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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Posted in Currency Wars, Multipolar world | Tagged: , | Leave a Comment »

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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Posted in Multipolar world | Tagged: , , , | Leave a Comment »

Germans protest Western policies against Russia

Posted by seumasach on December 15, 2014

PressTV

14th December, 2014

Thousands of Germans have staged a protest rally to express their anger at the West’s warmongering policies against Russia over the ongoing crisis in Ukraine.

At least 3,500 people took part in the protest, organized by the German Peace Movement, in the capital Berlin on Saturday.

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Posted in Battle for Europe, Coup d'état in Ukraine, Disband NATO! | Leave a Comment »

Syria’s Assad backs Russia peace bid

Posted by seumasach on December 14, 2014

Moscow in touch with US

Yahoo

10th December, 2014

Damascus (AFP) – President Bashar al-Assad on Wednesday met a top Russian envoy who said Moscow is hoping to relaunch peace talks for the war-torn country and could host a Syria-US meeting.

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Posted in Global peace process, Syria | Leave a Comment »

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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China offers military help to Iraq to defeat ISIS

Posted by seumasach on December 14, 2014

RT

14th December, 2014

Iraqi Foreign Minister Ibrahim Jafari says that his Chinese counterpart, Wang Yi, has made an offer to help Iraq fight Islamic State militants. Beijing has volunteered to assist with airstrikes, though it will not join the US-led coalition against ISIS.

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Posted in Iraq | Tagged: | Leave a Comment »

Time is right for US to help Ukraine

Posted by seumasach on December 13, 2014

M.K.Bhadrakumar

Indian Punchline

13th December, 2014

There is delightful irony that the US state department has advised the Indian leadership of Prime Minister Narendra Modi that it is not the right time for “business as usual” with Russia.

The US spokesperson Marie Harf reportedly said at a briefing in Washington on Friday, “We’ve seen press reporting on India concluding business, nuclear and defence deals with Russia, but not confirmation of those agreements or specifics of what those agreements would entail. Our view remains that it’s not time for business as usual with Russia.”

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Posted in Coup d'état in Ukraine | Leave a Comment »

Russia, India on new course for partnership

Posted by seumasach on December 13, 2014

Putin: nuclear deals set Russia, India on new course for partnership

TASS

11th December, 2014

NEW DELHI, December 11. /TASS/. Long-term partnership between Russia and India lies ahead in the wake of major deals in nuclear engineering, Russian President Vladimir Putin said after talks with Indian Prime Minister Narendra Modi in New Delhi on Thursday.

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Posted in Uncategorized | Tagged: , | Leave a Comment »

 
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