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 22, 2014
19th November, 2014
Russia’s upper house of parliament has approved an “anti-offshore” law requiring individual and corporate taxpayers to foreign profits. The Russian government aims to prevent capital outflow via “offshores,” estimated at $200 billion in 2014.
Posted in Multipolar world | Tagged: russian oligarchs | Leave a Comment »
Posted by seumasach on November 11, 2014
9th November, 2014
China should accumulate 8,500 tonnes in official gold reserves, more than the US, according to Song Xin, President of the China Gold Association, General Manager of the China National Gold Group Corporation and Party Secretary. He wrote this in an opinion editorial published on Sina Finance July 30, 2014. Gold is money par excellence in all circumstances and will help support the renminbi to become an international currency as “gold forms the very material basis for modern fiat currencies”, Song notes. In the short term the Chinese will not back the renminbi with gold (establish a fixed renminbi price for gold), but support it with gold so it has sufficient credibility for the world to accept it as a trade and reserve currency.
Posted in Currency Wars, Multipolar world | Tagged: Chinese soft power, renminbi global reserve currency | Leave a Comment »
Posted by seumasach on November 11, 2014
“Chinese leaders have put forward a new model of “major-country relationship” between China and the United States, an intellectual framework for resolving one of the greatest puzzles in international history — how to avoid falling into the so-called Thucydides trap, the often-cited cycle of struggle between rising and established powers.”
11th November, 2014
President Obama arrived in Beijing on Monday for a meeting of the AsiaPacific Economic Cooperation forum. He will meet with China’s president, Xi Jinping, at length on Wednesday. The occasion is a vital opportunity for the two presidents to reset the relationship between the nations.
Posted in Multipolar world | Tagged: Asian pivot, “major-country relationship” between China and the United States, End of empire, Obama agenda, Obama's realist turn, retreat from empire, strategic partnership between US and China, U.S.-China Business Council | Leave a Comment »
Posted by seumasach on November 8, 2014
Never mind the hype about the US economy! Is the dollar really rising “as the remaining doubts about the sustainability of the U.S. economy evaporates”? That is just funny, really hilarious. Who gains from the strengthening dollar? The same people who gain from the falling gold price. China is the beneficiary. As China collects it debt from buying up gold at rock-bottom prices which will later surge in value, it also uses its vast accumulation of treasury bonds to buy up real assets such as real and industrial estate in the USA. Once China completes its treasury bond and gold purchases we will see the real ending of QE and a reset of the global financial system
..as Fed, ECB go separate ways
25th September, 2014
Greenback at two-year high, as growing confidence in U.S. recovery meets expectations of new emergency measures to rescue Eurozone.
Posted in Currency Wars, Financial crisis | Tagged: Global Currency Reset(GCR) | Leave a Comment »
Posted by seumasach on October 31, 2014
Posted in Currency Wars, Financial crisis | Tagged: Chinese soft power, Global Currency Reset(GCR), quantitative easing, the big reset | Leave a Comment »
Posted by seumasach on October 30, 2014
24th October, 2014
BEIJING – (AP) — Twenty-one Asian nations have signed on to a China-driven initiative to create a new development bank for Asia that’s aimed at boosting infrastructure investment of all kinds. Beijing sees that as a way to raise its international standing, but Washington opposes the move as an unnecessary and potentially damaging rival to established institutions such as the World Bank.
Posted in Multipolar world | Tagged: Asian Infrastructure Investment Bank(AIIB), asian integration, BRICS(Brazil-Russia-India-China-South Africa), Chinese soft power | Leave a Comment »
Posted by seumasach on October 28, 2014
15th October, 2014
Two important facts emerge from the past four weeks’ news. First, China is becoming the world’s largest economic power, officially overtaking the US, based on GDP measured in purchasing power terms (IMF figures) of $17.61 trillion (compared to $17.4 trillion for the US). If the official media hasn’t raised the slightest eyebrow to this information, our team believes that it’s an historic event: the US is no longer the world’s largest economic power and, inevitably, that changes everything ! (1)
Posted in Multipolar world | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on October 25, 2014
Spiral of Mistrust Needs to Be Reversed
The situation with the sanctions is neither good for Russia, nor good for the rest of the world. It’s a spiral of mistrust that needs to be reversed. It’s important to face the fact that today we have the possibility to change the situation. We need to go back to the stronger dialogue.
Posted in Multipolar world, Ukraine War | Tagged: dominique de villepin, valdai club | 2 Comments »
Posted by seumasach on October 9, 2014
Posted in Multipolar world | Tagged: AMIA and embassy bombings, reform, reform of UN, vulture funds | Leave a Comment »
Posted by seumasach on October 6, 2014
Pepe Escobar
5th October, 2014
During Iraq War II (2003-2011), I used to imagine that the Chinese leadership would gather weekly in the streets of the Forbidden City, singing and dancing to celebrate American idiocy. Year after year, when the U.S. might have faced off against a rising China, as its leaders had long had the urge to do, it was thoroughly distracted by its disastrous invasion and occupation of Iraq. I can’t help but think that, with a bombing campaign revving up in Iraq and now Syria, the boots of 1,600 military personnel ever closer to the ground, and talk of more to come, with Iraq War III (2014-date unknown) predicted to go on for years, they are once again rejoicing. For all the talk in recent years about the Obama administration’s military “pivot” to Asia, there can be no question that its latest Middle Eastern campaign will put a crimp on its Pacific “containment” planning.
Posted in Multipolar world | Tagged: eurasian project, Maritime Silk Road project., New Eurasian Century | Leave a Comment »
Posted by seumasach on September 17, 2014
Joint Statement from Government of the People’s Republic of China & Government of the United Kingdom of Great Britain and Northern Ireland
16th June, 2014
I. At the invitation of the Rt Hon David Cameron MP, Prime Minister of the United Kingdom of Great Britain and Northern Ireland, H.E. Premier Li Keqiang of the State Council of the People’s Republic of China paid an official visit to the UK from 16 to 19 June 2014 and held the Annual Prime Ministers’ Meeting. The two sides had in-depth discussions on bilateral relations, practical cooperation in various fields and international and regional issues of mutual interest. Both sides underlined that since the establishment of the China-UK comprehensive strategic partnership ten years ago, bilateral relations have made significant progress, with frequent political exchanges and substantial cooperation in economics, trade, education, climate change and energy, science, technology and culture. As P5 members, both sides believe that deepening China-UK relations is not only in the fundamental interests of both countries but is also conducive to maintaining world peace and stability. They agreed to work together to push forward bilateral cooperation in growth, reform and innovation.
Posted in Multipolar world | Tagged: China-UK comprehensive strategic partnership, embracing multipolarity | Leave a Comment »
In These New Times 