In These New Times

A new paradigm for a post-imperial world

Pound plunges to five-year low as manufacturing performance is worse than expected

Posted by seumasach on January 12, 2016

The exposure of the chronic weakness of the UK economy is long overdue: a bombed-out high street, empty pubs, falling share prices, the collapse of the property bubble and local government insolvency are all on the horizon. But the negative current account is the icing on the cake. Presumably, this reflects lack of interest in UK government bonds and the continued need to monetise them i.e print money to buy them: hence the inevitability of a sterling crisis with an accompanying inflationary surge or rising interest rates which will trigger the collapse of the financial sector. We are indeed cursed by interesting times!

Telegraph

12th January, 2016

Sterling plunged to a five-and-a-half year low against the US dollar on Tuesday, as the UK’s manufacturing sector shrunk unexpectedly.

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UK house prices to crash as global asset prices unravel

Posted by seumasach on January 11, 2016

Telegraph

10th January, 2016

Asset prices around the world are collapsing as the global economy slows and UK housing will not escape

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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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Poland ready to offer David Cameron EU welfare deal in exchange for Nato bases

Posted by seumasach on January 4, 2016

The imperial periphery , sensing imperial retrenchment, is trying to force a strengthened NATO commitment. This would also be why the Polish government launched a police raid against a NATO intelligence centre. In effect, they are saying : turn us into a forward NATO base against Russia or we’ll turn our back on NATO. But Poland is playing a very weak hand : the New Cold War is running out of steam and who is Poland to breathe new life into it? Furthermore, Britain is no longer the influencial force it pretends to be.

Telegraph

3rd January, 2016

Poland is ready to drop its fierce opposition to David Cameron’s welfare plans if he supports a call to permanently base Nato troops in the country.

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Russia, Turkey on collision course

Posted by seumasach on January 4, 2016

M.K.Bhadrakumar

Indian Punchline

31st December, 2015

The Russian-Turkish tensions following the shooting down of a Russian warplane on November 24 are nearing a new threshold of mutual hostility. An interview by a Turkish dailythree days ago with a Turkish citizen by name Alparslan Celik who apparently had killed the Russian pilot in cold blood, cannot but be seen as taunt by Ankara, virtually hinting at its complicity in the killing.

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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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As the East creates, the West tries to destroy

Posted by seumasach on January 2, 2016

William Engdahl

New Eastern Outlook

28th December, 2016

I’m feeling more and more in recent months that, as difficult as it may be to believe, our world is moving away from seemingly endless wars. Make no mistake, we haven’t seen the end of wars at all. The dynamic and the war energy is changing, however. Not without a frenzy of self-conceit does the so-called Western World throw forks, china, pots, pans, rolling pins–anything it can get its bloody hands on–like a spoiled child throwing a gargantuan temper-tantrum. It tries to deny this reality over which it has less control by the second. The world is moving away from wars, from an, if-you-will, patriarchal psychosis of control–a matrix of fear, shame, guilt, rage, hate. What is beginning to emerge in what we in the West have egoistically termed the East, is construction, building new great projects to uplift a sector of mankind ignored for more that a thousand years. This transformative positive motion is what, if anything, will save our humankind from the mass death and destruction some in the West so devoutly wish for us.

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We are going to attack Isil on five fronts

Posted by seumasach on December 17, 2015

This collective effort is working towards a UN Security Council resolution to empower a UN-endorsed ceasefire monitoring mission and to support a political transition process that will see Assad leaving office.

The British government continues to prefer the old script with it’s rumbustious, Gilbert and Sullivan style,”He’s got to go!” chorus line. How many encores they’ll receive in New York remains to be seen.

By George Osborne and Philip Hammond

Telegraph

16th December, 2015

In recent weeks, we have seen appalling events in France and America. Acts of terror have killed hundreds of innocent people going about their daily lives. They have been designed to divide the Western world and to spread fear across our great nations. Instead, we stand together, strengthened by our united determination to hold firm to our shared values and confront the evil that threatens us.

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Saudi Arabia rallies Sunni boots to fight terror

Posted by seumasach on December 17, 2015

M.K.Bhadrakumar

Indian Punchline

16th December, 2015

The announcement by Saudi Arabia on Tuesday regarding the formation of an Islamic military alliance to fight terrorism has caught everyone by surprise. The announcement came in the nature of a ‘joint statement’ purportedly by 34 Muslim states (here and here). The Saudi Deputy Crown Prince Mohammed bin Salman has personally identified himself with the initiative and held a rare press conference to claim that Riyadh would “coordinate efforts to fight terrorism” in Iraq, Syria, Libya, Egypt and Afghanistan. MbS announced that the alliance will be headquartered in Riyadh.

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Biden calls on Turkey to withdraw from Iraq

Posted by seumasach on December 17, 2015

“The Vice President reaffirmed the United States’ commitment to Iraqi sovereignty and territorial integrity and called on Turkey to do the same by withdrawing any military forces from Iraqi territory that have not been authorized by the Iraqi government.”

Readout of Vice President Biden’s Call With Iraq’s Prime Minister Haider Al-Abadi

The White House

Office of the Vice-President

16th December, 2015

The Vice President spoke with Iraqi Prime Minister Haider Al-Abadi yesterday following his December 14 call with Turkish Prime Minister Ahmet Davutoglu. The Vice President noted the recent deployment of Turkish forces into northern Iraq had occurred without the prior consent of the Iraqi government. Both leaders welcomed initial indications of the withdrawal of some Turkish forces and agreed this should continue, reiterating that any foreign forces can only be present in Iraq with the coordination and permission of the Iraqi government. The Vice President reaffirmed the United States’ commitment to Iraqi sovereignty and territorial integrity and called on Turkey to do the same by withdrawing any military forces from Iraqi territory that have not been authorized by the Iraqi government. The Vice President encouraged continued dialogue between Iraq and Turkey to address any outstanding grievances in the spirit of mutual cooperation. Both leaders reaffirmed their continued commitment to the fight against ISIL in Iraq.

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