Archive for the ‘Multipolar world’ Category
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 October 19, 2018
“If the Americans sanction against India’s use of dollars for its transactions with Russia, make no mistake, Indian and Russian ingenuity will find a way to put in place a clearing system that altogether obviates the use of dollar. Arguably, it will be a blessing in disguise if the US forces India and Russia to revive their old Cold War era payment system, because if that happens, the economic content of the relationship will increase exponentially. Will the US want a major global economy like India to jettison the use of dollar and get accustomed to local currency payments?”
M.K.Bhadrakumar
Indian Punchline
9th October, 2018
Amidst the welter of commentaries on the Indian-Russian annual summit last week in New Delhi, what stands out is that the government has outstripped our strategic analysts. The latter viewed the Russian summit last week exclusively through the prism of the $6 billion S-400 missile defence deal. Now, that turned out to be like missing the wood for the trees.
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Posted by seumasach on September 29, 2018
“What really matters is the fact that the leading nations of the EU have joined the global heavyweights — Russia and China — in open defiance of the United States. This is a milestone event. It’s hard to underestimate its importance. Certainly, it’s too early to say that the UK and other EU member states are doing a sharp pivot toward the countries that oppose the US globally, but this is a start — a first step down that path. This would all have seemed unimaginable just a couple of years ago — the West and the East in the same boat, trying to stand up to the American bully!”
Strategic Culture
28th September, 2018
The UN General Assembly (UNGA) in New York is a place where world leaders are able to hold important meetings behind closed doors. Russia, China, the UK, Germany, France, and the EU seized that opportunity on Sept. 24 to achieve a real milestone.
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Posted in Currency Wars, Multipolar world | Tagged: Eurasian integration, Multipolar world | Leave a Comment »
Posted by seumasach on September 27, 2018
“What is certain now is that thanks to Donald Trump’s policy, Europe is working closer now with China and Russia,” a western diplomat told The Independent.
It will be interesting to see where this leaves the Little Englanders’ anti-Russian crusade.
Independent
27th September
Diplomats are examining a scheme to barter Iranian oil for European goods through Russia as part of mechanism to bypass American sanctions on the Islamic Republic, The Independent can reveal.
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Posted in Multipolar world | Tagged: independent Europe, Trump v. rest of the world | Leave a Comment »
Posted by seumasach on September 26, 2018
“Creating “a defensible banking architecture” may well be the end goal for the Europeans, China and Russia, anyway. Iran is only a convenient pretext: the nuclear agreement is one of the few things that unite the EU, China and Russia against the U.S. But working to undermine the dollar’s global dominance isn’t ultimately about Iran at all. In his recent State of the European Union speech, European Commission President Jean-Claude Juncker called for strengthening the euro’s international role and moving away from traditional dollar invoicing in foreign trade. China and Russia have long sought the same thing, but it’s only with Europe, home of the world’s second biggest reserve currency, that they stand a chance of challenging American dominance.”
Bloomberg
25th September, 2018
With more and more European companies fleeing Iran following the re-imposition of U.S. sanctions, it may be tempting for Americans to write off Europe’s efforts to save the Iran nuclear deal. It would be wiser to resist the temptation.
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Posted in Battle for Europe, Currency Wars | Tagged: independent Europe, new global financial architecture | Leave a Comment »
Posted by seumasach on September 13, 2018
Bloomberg
12th September, 2018
European Commission President Jean-Claude Juncker isn’t a nationalist populist, but he devoted his State of the European Union address on Wednesday to the defense of “European sovereignty.” This means, among other things, using the euro to challenge the U.S. dollar’s global dominance, particularly in an era of growing American unilateralism.
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Posted in Battle for Europe, Multipolar world | Tagged: euro v. dollar, euroland construction, independent Europe | Leave a Comment »
Posted by seumasach on September 5, 2018
On the one hand, we can expect to see defaults on dollar debt. On the other, dollars held abroad will be used to prop up falling currencies- for example, China may support the Turkish Lira- or used to buy gold or commodities.
And No, the U.S. Is Not immune
Charles Hugh Smith
Of Two Minds
4th September, 2018
Currencies don’t melt down randomly. This is only the first stage of a complete re-ordering of the global financial system.
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Posted in Currency Wars | Tagged: demise of dollar, global reset, new global financial architecture | Leave a Comment »
Posted by seumasach on September 1, 2018
Pepe Escobar
Consortium News
29th August, 2018
Get ready for a major geopolitical chessboard rumble: from now on, every butterfly fluttering its wings and setting off a tornado directly connects to the battle between Eurasia integration and Western sanctions as foreign policy.
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Posted in Multipolar world | Tagged: Belt and Road Initiative(BRI), Germany-Russia-China alliance, New Eurasian Century | Leave a Comment »
Posted by seumasach on August 30, 2018
Brandon Smith
Birch Gold
The trade war is a rather strange and bewildering affair if you do not understand the underlying goal behind it. If you think that the goal is to balance the trade deficit and provide a more amicable deal for U.S. producers on the global market, then you are probably finding yourself either confused, or operating on blind faith that the details will work themselves out.
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Posted in Currency Wars | Tagged: demise of dollar, end of dollar as global reserve currency, End of empire, global reset, new global financial architecture, reserve currency status of dollar, SDRs | Leave a Comment »
Posted by seumasach on August 27, 2018
Alastair MacLeod
Mises Institute
22nd August, 2018
Last week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge quantities of footloose dollars betting against these weak currencies, as well as commodities and gold, on the basis the long-expected squeeze on dollar liquidity is finally upon us.
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Posted in Currency Wars | Tagged: Chinese soft power, de-dollarisation, demise of dollar, dollar, End of empire, Russian diplomacy | Leave a Comment »
Posted by seumasach on August 25, 2018
Pepe Escobar
Asia Times
25th August, 2018
It was supposed to be a low-key, traditional Austrian wedding until Vladimir Putin pulled up in a black limo. The bride was Austrian Foreign Minister Karin Kneissl, a top energy analystand former professor at the Diplomatic Academy in Vienna and the European Business School in Frankfurt.
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Posted in Battle for Europe, Currency Wars | Tagged: independent Europe, North Stream, Russian diplomacy | Leave a Comment »
Posted by seumasach on August 25, 2018
RT
24th August, 2018
Russia will definitely respond to Washington’s latest sanctions and, in particular, it is accelerating efforts to abandon the American currency in trade transactions, said Deputy Foreign Minister Sergei Ryabkov.
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Posted in Currency Wars | Tagged: end of dollar, End of empire | Leave a Comment »
