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 April 12, 2015
How China grew desperate to conceal its power from the world
11th April, 2015
The creation of the prosaic-sounding Asian Infrastructure Investment Development Bank (AIIB) has landed the biggest blow to America’s superpower status in the post-war era.
Posted in Financial crisis, Multipolar world | Tagged: Chinese soft power, new financial architecture | Leave a Comment »
Posted by seumasach on April 5, 2015
1st April, 2015
The announcement that major European powers will join the AIIB as founding members means the bank is now clearly accepted as a tangible game changer in the multilateral financial architecture. The formidable intentions of AIIB and the new transnational corridors project are both a challenge and an opportunity for India
Posted in Currency Wars, Multipolar world | Tagged: Asian Infrastructure Investment Bank(AIIB), BRICS New Development Bank (NDB), new global financial architecture | Leave a Comment »
Posted by seumasach on March 25, 2015
“Schulz was received by the Chinese President Xi Jinping, who hailed amongst other things, the development of Europe as “an important component of the multi-polarization progress” in the world order. Xi noted”
M.K.Bhadrakumar
25th March, 2015
The reported ‘diplomatic snub’ by the European Union ignoring the Indian proposal seeking a summit meeting for Prime Minister Narendra Modi is traceable to Delhi’s impudence to keep under detention two Italian Marines for over three years now without trial. The Narendra Modi government is caught in a dilemma because it was the Bharatiya Janata Party that literally forced the UPA government into a corner. In fact, Modi himself contributed to the rabble-rousing.
Posted in Battle for Europe, Multipolar world | Tagged: Indian diplomacy | Leave a Comment »
Posted by seumasach on March 24, 2015
We appear to be moving inexorably towards a new international system based on multipolarity and, wisely, Washington doesn’t want to be left out. In fact, I believe Obama has had this in mind for some time, but his scope for action is still being restricted by certain lobbies and their representatives in Congress
23rd March, 2015
The International Monetary Fund, World Bank and the Asian Development Bank have expressed their support for the China-led international bank as the US now propose to work in partnership, according to the Wall Street Journal.
Posted in Multipolar world | Tagged: new global financial architecture | Leave a Comment »
Posted by seumasach on March 23, 2015
Here is confirmation of China’s potential world leadership. From now on, China has internationalized its “soft power” and these institutions will become truly global in their scope. Why else would “developed countries” like Britain be so desperate to join them- to make sure they live up to our own exacting standards of financial probity?If capital investment coming into Britain comes through banks of which we are founding members things become a lot easier politically
20th March, 2015
The BRICS New Development Bank (NDB), the Asian Infrastructure Investment Bank (AIIB), and the Silk Road Fund are all international initiatives spearheaded by China over the past months that symbolize Beijing’s growing influence in providing development funding and potential new sources of financing for developing countries.
Posted in Multipolar world, UK economy | Tagged: Asian Infrastructure Investment Bank(AIIB), BRICS New Development Bank (NDB), Silk Road Fund | Leave a Comment »
Posted by seumasach on March 12, 2015
May Launch “De-Dollarization Axis” As Soon As September
9th March, 2015
One of the recurring threats used by the western nations in their cold (and increasingly more hot) war with Russia, is that Putin’s regime may be locked out of all international monetary transactions when Moscow is disconnected from the EU-based global currency messaging and interchange service known as SWIFT (a move, incidentally, which SWIFT lamented as was revealed in October when we reported that it announces it “regrets the pressure” to disconnect Russia).
Posted in Currency Wars | Leave a Comment »
Posted by seumasach on March 11, 2015
9th March, 2015
The greenback’s dominance in the developing world may be under threat as more emerging economies begin to reduce their reliance on the global trade currency.
Posted in Currency Wars | Leave a Comment »
Posted by seumasach on March 11, 2015
F.William Engdahl
9th March, 2015
Something remarkable is taking place in Russia, and it’s quite different from what we might expect. Rather than feel humiliated and depressed Russia is undergoing what I would call a kind of renaissance, a rebirth as a nation. This despite or in fact because the West, led by the so-called neo-conservatives in Washington, is trying everything including war on her doorstep in Ukraine, to collapse the Russian economy, humiliate Putin and paint Russians generally as bad. In the process, Russia is discovering positive attributes about her culture, her people, her land that had long been forgotten or suppressed.
Posted in Battle for Europe, Multipolar world, Uncategorized | Tagged: Russian renaissance | Leave a Comment »
Posted by seumasach on March 8, 2015
4th March, 2015
The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would put in place of it. Many have assumed that the Chinese simply wanted some new international currency to be created. But what if that is not what the Chinese had in mind? What if they have always wanted their own currency to become the single most dominant currency on the entire planet? What you are about to see is rather startling, but it shouldn’t be a surprise. When it comes to economics and finance, the Chinese have always been playing chess while the western world has been playing checkers. Sadly, we have gotten to the point where checkmate is on the horizon.
Posted in Currency Wars | Tagged: Chinese soft power, new global financial architecture, renminbi global reserve currency | Leave a Comment »
Posted by seumasach on January 22, 2015
.. ‘may resolve’ S300 missile delivery issue
20th January, 2015
Moscow and Tehran have signed military cooperation deal that implies wider collaboration in personnRead moreel training and counter-terrorism activities. It may also resolve the situation concerning the delivery of Russian S300 missiles, Iranian media reported.
Posted in Iran, Multipolar world | Tagged: Russian diplomacy | Leave a Comment »
Posted by seumasach on January 15, 2015
..into Full-Fledged Economic and Political Alliance
13th January, 2015
MOSCOW, January 13 (TASS) – Converting BRICS, a grouping of five emerging economies — Brazil, Russia, India, China, and South Africa— into a full-fledged cooperation mechanism in major issues of global economy and politics will be a key goal of Russia’s upcoming presidency, a senior Russian diplomat told China’s Xinhua news agency in an interview.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
In These New Times 