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.
Posted by seumasach on November 10, 2019
3rd November, 2019
China has high ambitions for its state-controlled digital currency.
I wrote two months ago that its central bank digital currency could be imminent. And since foreign adoption of the yuan has been tepid so far, the technology also represents a massive bid to accelerate the internationalization of yuan.
Posted in Currency Wars | Tagged: Chinese soft power, demise of dollar, gold-backed cryptocurrency, gold-backed yuan | Leave a Comment »
Posted by seumasach on July 15, 2019
Interview with Michael Hudson
7th July, 2019
Economist Michael Hudson continues his discussion of Super Imperialism: The Economic Strategy of American Empire with a focus on US monetary imperialism; President Trump’s demand for lower interest rates undercuts America’s requirement for foreign investment to fund its domestic and balance of payments deficit, increases the carry trade and turns IMF and World Bank policies on the US; analysis of US economic domination of the world from its position as the world’s largest creditor post-WWI; analysis of US economic domination of the world from its position as the world’s largest debtor after the 1971 close of America’s gold window; emergence of the dollar-debt standard; how war has bankrupted the US; the difference between imperialism and super imperialism; US bribes foreign governments; China’s banking system; China and Russia stockpile gold as the world breaks out of dollar domination.
Posted in Currency Wars, Uncategorized | Tagged: de-dollarisation, decline of dollar, End of empire, gold standard | Leave a Comment »
Posted by seumasach on June 17, 2019
M.K.Bhadrakumar
17th June, 2019
“If international diplomacy indulges in symbolism, this must be one of the most poignant ones in world politics in the recent times. The RIC has always been a red rag for the US — ever since the great Soviet strategic thinker and Kremlin statesman Yevgeny Maksimovich Primakov first proposed the tantalising idea in 1999. The profound symbolism cannot be lost on Trump that India is consorting with the two “revisionist powers” on the planet (Russia and China) which, according to the US, are each working its way toward making a power grab on the world stage.”
Posted in Multipolar world | Tagged: Shanghai Cooperation Organization (SCO), The Bishkek Declaration | Leave a Comment »
Posted by seumasach on April 30, 2019
Pepe Escobar
29th April, 2019
The Belt and Road Forum in Beijing was a graphic demonstration of how tactical adjustments are essential to enhance the appeal of a complex overall strategy. Talk about a turbo-charged 4.0 version of the legendary Deng Xiaoping maxim “crossing the river while feeling the stones.”
Posted in Multipolar world | Tagged: Belt and Road Initiative(BRI), Eurasian integration | Leave a Comment »
Posted by seumasach on April 22, 2019
Addressing the session in Dubrovnik, Greek Prime Minister Alexis Tsipras described the decision to join the Chinese initiative as “a very crucial moment for global and regional developments.”
“We have to leave behind the crisis and find new models of regional and global cooperation,” he said, adding that it must be done with “full respect” of the EU rules, Tsipras said.
12th April, 2019
DUBROVNIK, Croatia (AP) — China’s prime minister promised Friday that his government will respect European standards and fair trade, seeking to allay concerns that it is flouting European Union competition rules with huge investments on the continent.
Posted in Battle for Europe, Multipolar world | Tagged: 16+1 summit between Eastern and Central European nations and China, Belt and Road Initiative(BRI) | Leave a Comment »
Posted by seumasach on April 22, 2019
Mathew Ehret
20th April, 2019
On April 10th, China’s Premier Li Keqiang celebrated the completion of the 1st phase of the 2.5 kilometer Chinese-built Pelgesac Bridge in Croatia across the Bay of Mali Ston alongside Croatian Prime Minister Andrej Plenkovic. This ceremony marked a striking victory as the following day ushered in an important 16+1 Heads of State summit that saw Greece inducted as the newest member of a new alliance of Central and Eastern European nations who wish to cooperate with China. At this summit held on April 12, Greece’s Prime Minister Alexis Tsipras stated that this was “a very crucial moment for global and regional developments” and “we have to leave behind the crisis and find new models of regional and global cooperation.”
Posted in Battle for Europe, Multipolar world | Tagged: Belt and Road Initiative(BRI) | Leave a Comment »
Posted by seumasach on April 18, 2019
Gregory R.Copley
15th April, 2019
Egyptian President Abdul Fatah al-Sisi’s visit to the White House on April 9, 2019, resulted in one of the worst setbacks for U.S. Middle Eastern policy under the Donald Trump Administration.
Posted in Multipolar world | Leave a Comment »
Posted by seumasach on April 15, 2019
Ken Moak
15th April, 2019
This may come as shock to many, but it is in the best interest of Europe that it joins China’s Belt and Road Initiative. Contrary to the anti-China rhetoric, the BRI is not a “debt trap,” but in fact a brilliant vehicle to promote economic growth and geopolitical stability across the globe.
Posted in Multipolar world | Tagged: Belt and Road Initiative(BRI), China-EU Comprehensive Strategic Partnership, China-EU cooperation | Leave a Comment »
Posted by seumasach on April 12, 2019
Another historic development as the EU reaffirms its independence from one-time overlord, the USA. Escobar, however, goes too far in asserting that Europe is China’s priority rather than the US but Eurasian integration certainly should certainly impel Washington towards integrating itself into the unfolding multipolar reality. The barriers to this stem from the inertia of US elites still harbouring hegemonist dreams when even a new Monroe doctrine seems beyond them.
Pepe Escobar
10th April, 2019
Sparks did fly in Brussels, but in the end the European Union and China managed to come up with an important joint statement at their summit this week, signed by Chinese Premier Li Keqiang, European Commission President Jean-Claude Juncker and head of the European Council, Donald Tusk.
Posted in Multipolar world | Tagged: China-EU Comprehensive Strategic Partnership, EU-China summit | Leave a Comment »
Posted by seumasach on April 5, 2019
The tariff battle has left the US bloodied more so than China, a fact that cannot be lost on Trump
Trump will declare victory no doubt, but the real question remains: will he begin to open up the US to Chinese investment, to buy into the Belt and Road Initiative?
David P.Goldman
4th April, 2019
China’s stock market performance continues without taking a breath, and the next round of trade news should keep the momentum going.
Posted in Multipolar world | Tagged: Belt and Road Initiative(BRI), china us trade deal | Leave a Comment »
Posted by seumasach on April 4, 2019
M.K.Bhadrakumar
2nd April, 2019
The reported arrival of Chinese military personnel in Venezuela last weekend is undoubtedly a major event in world politics.
Posted in Multipolar world | Tagged: Russia-Venezuela agreement, venezuela-china relations | Leave a Comment »
