In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘Chinese soft power’

Emerging dynamics of petro-yuan standard

Posted by seumasach on April 4, 2014

Jim Willie


4th April, 2014

The shocks will be many as the USDollar struggles and falls off the global financial stage in full view. The desperate maneuvers like in Syria and Ukraine should be seen as last ditch efforts to save a dying system. For two decades the USDollar has been defended by military means. Worse, for 50 years the USGovt has been a hidden nazi enclave of wicked fascists who have hidden behind their overt disdain for communism, with Kissinger the flag bearer, with Brzezinski the ideologue, with Papa Bush the executor, with narcotics and genetics and gold thefts their principal agenda. The official US support of fascist regimes includes a list of nations as long as your arm. Since 2008 when the Lehman kill was executed in order to rescue Goldman Sachs, when Fannie Mae was hidden under the USGovt roof to prevent its $trillion fraud from being exposed, and when AIG was tucked in the USFed basement closet for ample monetized rescues to patch the derivative black holes, the Anglo-American banking system has indeed been going through trials and tribulations, leading to its death throes. The climax of the banking system death process is upon us finally, the fibrillations of sudden illiquidity against the backdrop of relentless unforgiving insolvency so evident to those with eyes that function. Never before has the USGovt been so plain in its fascist ways, with abuses on domestic soil and installed nazi regimes on foreign soil. They kill economies systematically. They wage war relentlessly, using it as a business initiative. They control bank movements obsessively. They monitor human movement compulsively. In Kiev were seen the swastikas on armbands. The name Neo-Con is derived as a more palatable version of Neo-Nazi. The game is over for their captured gutted violated USDollar kingdom in a veritable killing field of nations.

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Bank of England agrees Chinese London currency clearing hub

Posted by seumasach on March 27, 2014

Just as we once controlled “concessions” in China we can expect to see China doing the same thing here. We are, after all, completely bankrupt and becoming ever more so, with China as our main creditor. The programme for the decentralization of the British state now underway could facilitate this by dividing Britain into economic zones run by devolved assemblies. These in turn could negotiate concessions with China and other international partners. Tariq Ali perhaps hinted at this in an interview about Scottish nationalism:

JF: Do you think British elites are worried about the prospect of independence?
TA: Sections of them probably are, because they will see it as a blow to British pretensions.  But I think there may well be a section of the elite that might well say, Fine, it will save us money, it will stop the subsidies, etc, and Scotland doesn’t make much money anyway.  This is the section of the elite which believes that the only way forward is effectively to sell the British economy and the cities of the South to the rich, to oligarchs from various nationalities, Ukrainian, Russian, Arab, etc, who dominate large parts of the financial markets in London today.  That section of the elite, which thinks this is the future, won’t care at all, whatever they say in public.


26th March, 2014

The Bank of England has agreed a deal with the People’s Bank of China to make London a hub for Chinese currency dealing.

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China’s People’s Daily slams West’s ‘cold war mentality’ over Ukraine

Posted by seumasach on February 27, 2014


27th February, 2014

China’s top newspaper criticised the West on Thursday for remaining locked in a “cold war mentality” against Russia in the contest for influence over Ukraine, calling for the shackles of such outmoded thinking to be cast off to deal with the crisis.

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China starts to make a power move against the U.S. dollar

Posted by seumasach on February 21, 2014

This looks like a good moment to curb CIA activities in Ukraine and Venezuela

Investment Watch

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.
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China’s push into ‘America’s backyard’

Posted by seumasach on February 17, 2014

The Diplomat

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.

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Russia trumps US in Ukraine poker game

Posted by seumasach on December 18, 2013


Indian Punchline

18th December, 2013

Russia may have made its most significant foreign-policy gain in the entire post-cold war era when the Kremlin decisively moved in on Tuesday to offer a rescue package for the beleagured Ukrainian economy and may have taken a leap forward in leading that country into the Eurasian Union, which Moscow is planning as the umbrella organization bringing together the former Soviet republics.

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PBOC says no longer in China’s interest to increase reserves

Posted by seumasach on November 24, 2013


21st November, 2013

The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.

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Canadian province issues offshore Yuan-denominated bonds

Posted by seumasach on November 7, 2013


6th November, 2013

(Beijing) – Canada’s western province of British Columbia said on November 5 it had completed the issuance of one-year offshore yuan-denominated bonds and raised 2.5 billion yuan.

This is the first time a foreign government has issued offshore yuan bonds. Mike de Jong, finance minister of Canada’s westernmost province, said officials had intended to raise only 500 million yuan but the bonds were largely oversubscribed.

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Iran negotiating with China to unblock EUR 22 billion of assets

Posted by seumasach on November 3, 2013

Asharg Al-Aswat

3rd November, 2013

London, Asharq Al-Awsat—Iran and China will reach an agreement to unblock up to EUR 22 billion of Iranian assets, mainly from oil export revenues, as a result of Iranian parliamentary speaker Ali Larijani’s high-profile visit to China last week, Iranian media are reporting.

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Chinese gain in US-Saudi slump

Posted by seumasach on October 28, 2013

“The House of Saud also knows very well it is the solid anchor that keeps OPEC tied to the petrodollar system. Without Saudi Arabia the petrodollar is history.”


23rd October, 2013

Upset at president Barack Obama’s policies on Iran and Syria, members of Saudi Arabia’s ruling family are threatening a rift with the US that could take the alliance between Washington and the kingdom to its lowest point in years.

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U.S. fiscal failure warrants a de-Americanized world

Posted by seumasach on October 14, 2013


13th October, 2013

BEIJING, Oct. 13 (Xinhua) — As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world.

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