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 July 31, 2014
Russia And India Begin Negotations To Use National Currencies In Settlements, Bypassing Dollar
Zero Hedge
31st July, 2014
Over the past 6 months, there has been much talk about the strategic proximity between Russia and China, made even more proximal following the “holy grail” gas deal announced in May which would not have happened on such an accelerated time frame had it not been for US escalation in Ukraine. But little has been said about that other just as crucial for the “new BRIC world order” relationship, that between Russia and India. That is about to change when yesterday the Russian central bank announced that having been increasingly shunned by the west, Russia discussed cooperation with Reserve Bank of India Executive Director Shrikant Padmanabhan. The punchline: India agreed to create a task group to work out a mechanism for using national currencies in settlements. And so another major bilateral arrangement is set up that completely bypasses the dollar.
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Posted in Currency Wars | Tagged: Modi's agenda | Leave a Comment »
Posted by seumasach on July 26, 2014
U.S. ally cuts off communications with Obama and seeks new trade outside dollar
Examiner
22nd July, 2014
On July 21, Turkish Prime Minister Tayyip Erdogan spoke in an interview with Turkey‘s ATV television, and confirmed that his office had cut off direct communications with President Obama, and in fact, were no longer even answering calls received from the White House. In addition to this startling announcement regarding a long standing U.S. ally, the Russian Ministry of Economic Development followed this up with a press release that stated that Turkey was quickly moving away from their reliance on the dollar as the global reserve currency, and is seeking increased trade with Russia in a mutually beneficial exchange of self-contained sovereign currencies.
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Posted by seumasach on July 17, 2014
BRICS Post
17th July, 2014
Leaders of the BRICS nations met with South American leaders Wednesday at the 6th BRICS Summit in Brasília, in the first iteration of what some leaders suggested could become a more permanent alliance.
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Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), new financial architecture, new global financial architecture | Leave a Comment »
Posted by seumasach on July 16, 2014
… India to have presidency
Times of India
16th July, 2014
FORTALEZA, Brazil: Leaders of the BRICS group of emerging powers on Tuesday created a Shanghai-based development bank and a reserve fund seen as counterweights to Western-led financial institutions.
Posted in Multipolar world | Tagged: brics bank, BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on July 15, 2014
Pepe Escobar
Asia Times
15th July, 2014
The headline news is that this Tuesday in Fortaleza, northeast Brazil, the BRICS group of emerging powers (Brazil, Russia, India, China, South Africa) fights the (Neoliberal) World (Dis)Order via a new development bank and a reserve fund set up to offset financial crises.
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Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | 1 Comment »
Posted by seumasach on July 14, 2014
M.K.Bhadrakumar
Indian Punchline
13th July, 2014
The Bharatiya Janata Party’s election manifesto made it a point to mention BRICS as a foreign policy priority. Thus, there is really no scope to debunk the upcoming summit of the grouping in Brazil tomorrow as an “inherited baggage” for Prime Minister Narendra Modi, as some detractors in India have prematurely judged in their haste to caricature the event.
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Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on July 14, 2014
BRICS Post
14th July, 2014
Moscow must consolidate relations with BRICS that “do not follow the American policy of isolation”, says Alexei Pushkov, Chairman of the Russian State Duma Committee on International Affairs.
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Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on July 4, 2014
India okay with BCIM, wants details on China maritime silk road
Times of India
30th June, 2014
BEIJING: India today backed China’s initiative to build a regional economic corridor also linking Bangladesh and Myanmar, but sought more details from Beijing about its plans for a Maritime Silk Road (MSR) before deciding to take part in the endeavour.
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Posted in Multipolar world | Tagged: BCIM (Bangladesh-China-India-Myanmar), Chinese soft power | Leave a Comment »
Posted by seumasach on June 13, 2014
France’s Noyer Says BNP May Prompt Shift Away From Dollar
Bloomberg
11th June, 2014
Bank of France Governor Christian Noyer said the U.S. investigation into BNP Paribas SA (BNP)’s dealings with sanctioned nations may encourage companies to stop using dollars in international transactions.
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Posted in Battle for Europe, Currency Wars | Tagged: dollar collapse, Transatlantic Trade and Investment Partnership (TTIP) | Leave a Comment »
Posted by seumasach on June 9, 2014
Aljazeera
4th June, 2014
After more than six decades of dictating development policy in much of the emerging world, the Western-led International Monetary Fund and World Bank may soon have some competition.
The BRICS nations — Brazil, Russia, India, China and South Africa — are reportedly close to finalizing their long-awaited development bank and currency reserve, each valued at $100 billion, in what has been billed as a historic challenge by the world’s emerging economies to a global financial architecture that has been dominated by the U.S. and Western Europe since its post–World War II inception.
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Posted in Currency Wars | Tagged: brics bank, BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on June 9, 2014
M.K.Bhadrakumar
Indian Punchline
9th June, 2014
The two-day visit by Iranian President Hassan Rouhani to Turkey on Monday is invested with a lot of significance for the Middle Eastern politics. The glaring 18-year gap since the then President Hashemi Rafsanjani visited Turkey in 1996 flags what a complex relationship this has been between the two neighboring countries. Their hidden, unspoken rivalries as regional powers largely accounted for this complexity, laced with the perennial civilizational overtones that lurk below the surface.
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Posted in Global peace process, Multipolar world | Tagged: Iranian diplomacy, Turkish diplomacy, Turkish-Iran relations | Leave a Comment »
In These New Times 