Posted by seumasach on May 3, 2015
30th April, 2015
In early 2014, Justin Yifu Lin, the former World Bank Chief Economist, blamed the dominance of the US dollar for global economic crises and said it should be eliminated as the world’s reserve currency. According to Lin, the solution would be to replace the national currency with a global currency.
In the recent months, several countries, including Russia, China, India and Turkey, have decided to ditch the US dollar in their foreign trade, often paying for products in gold or other agreed on currencies.
Posted in Financial crisis | Tagged: dollar collapse, End of empire, new financial architecture | Leave a Comment »
Posted by seumasach on May 3, 2015
2nd May, 2015
Aren’t financial assets “simply pumped up by printed money?” Don’t share prices “need to adjust downward by something like 50pc?” Is it “really the case that if Greece leaves monetary union, other countries won’t follow?” It must “surely be wrong to try solving a debt problem by taking on even more debt?”
Posted in Financial crisis, UK economy | Tagged: bankrupt Britain, End of empire, no more bailouts | Leave a Comment »
Posted by seumasach on May 2, 2015
Paul Craig Roberts
Institute For Political Economy
29th April, 2015
The announcement today (April 29) of a barely positive GDP first quarter 2015 growth rate of 0.2 percent (two-tenths of one percent) is an intentional exaggeration.
Posted in Financial crisis | Tagged: economic collapse, End of empire | Leave a Comment »
Posted by seumasach on April 14, 2015
“The investment is a strategically important beginning for our exploration in the European market,” Li Huaizhen, Minsheng’s CEO, said in Shanghai
15th February, 2015
A Chinese investment firm has announced it is to invest £1bn in a homegrown development project to create a third financial district in east London.
Posted in UK economy | Tagged: Chinese soft power, End of empire, The Great British Sell-Off | Leave a Comment »
Posted by seumasach on March 23, 2015
Paul Craig Roberts
17th March, 2015
Washington’s EU vassals might be finding their backbone. Britain, Germany, France, and Italy are reported to have defied Washington’s orders and applied to join the Chinese-led Asian Investment Bank. Australia, Japan, South Korea, Switzerland and Luxembourg might also join.
Posted in Battle for Europe | Tagged: Asian Infrastructure Investment Bank(AIIB), End of empire, independent Europe | Leave a Comment »
Posted by seumasach on March 2, 2015
as he invites Queen to visit Beijing
The meeting, by far the most heavyweight diplomatic mission the Duke has ever attempted, not only heralded a new beginning for relations between China and the Royal family, but also symbolised the extent to which Britain is desperate to court what will soon be the world’s biggest economy.
2nd March, 2015
His father the Prince of Wales famously referred to China’s leaders as “appalling old waxworks”, and has never been back to the country since.
But his son the Duke of Cambridge pulled off something of a diplomatic coup, and a major thawing of relations between Beijing and the Royal family, by gaining an unexpected audience with President Xi Jinping.
Posted in Uncategorized | Tagged: bankrupt Britain, Chinese soft power, End of empire, retreat from empire | Leave a Comment »
Posted by seumasach on February 16, 2015
16th February, 2015
After long hesitating, the Obama administration has adopted its new defense doctrine. For the Levant, it is no longer a question of “reshaping the broader Middle East”, nor of overthrowing President Bashar Assad, but only of “reducing” the Islamic Emirate. The White House hopes to put its military machine in order and running. To do this, President Obama is trying to get the support of Congress.
Posted in Syria | Tagged: End of empire, Obama's realist turn, retreat from empire | Leave a Comment »
Posted by seumasach on January 17, 2015
16th January, 2015
China is extending its Silk Road into the Balkans, with a planned project to construct a railroad from the Greek port of Piraeus all the way to Budapest. This would connect Beijing’s primary port of entrance for its commercial goods to one of Central Europe’s main transport conduits, thereby pushing the Silk Road into the heart of Europe and throughout the rest of the continent. As with everything else that China is doing in the world today, it must not be discounted that Russia can also reap some resultant benefits from this as part of the global Russian-Chinese Strategic Partnership, which in this case, would allow for the resurrection of the South Stream project that all of its European partners have been begging for since its cancellation.
Posted in Battle for Europe | Tagged: Chinese soft power, End of empire, Multipolar world, russia-china strategic partnership, Russian diplomacy, South Stream | Leave a Comment »
Posted by seumasach on December 19, 2014
19th December, 2014
The Smith Commision report on more devolved powers to the Scottish government contradicts the wider asserted claim by the the “Yes” campaign that a “No” vote would lead to a roll back of devolved government. Many of them are now attacking the report as inadequate and calling for greater devolution of financial powers to Scotland. I wouldn’t rule out that happening but I would question the assumption that such devolved powers, even if they amounted to Devomax i.e. full financial control devolved to Edinburgh, would lead to increases in social spending as claimed.
Read the rest of this entry »
Posted in Constitutional change in Britain | Tagged: End of empire | Leave a Comment »
Posted by seumasach on December 16, 2014
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.
Posted in Financial crisis | Tagged: End of empire, oil bubble | Leave a Comment »
Posted by seumasach on December 10, 2014
Whilst Cod War 1 was a tragedy, Cold War 2 is definitely a farce. While Kiev talks to Moscow for purposes of survival, the clowns running the West talk sanctions. The proponents of globalisation want to retreat into their bunkers now that globalisation is no longer going their way. Still, there is hope that this sorry spectacle may be brought to an end if Wagenknecht’s remarkable Bundestag speech is anything to go by.
Moscow Forces Ukraine to Seek Coal from Novorossiya
6th December, 2014
Kyiv has started talks with Russia as well as with Russian-backed rebels in East Ukraine in order to source electric power and coal, as Ukraine’s national grid faces a critical shortage of fuel, Ukraine’s new energy minister Volodymyr Demchyshyn said on December 4.
Posted in Coup d'état in Ukraine, New Cold War | Tagged: End of empire, Russian diplomacy | Leave a Comment »