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 April 30, 2014
“Today’s markets would react negatively to any major expansion of central bank Credit from the likes of Brazil, Russia, Turkey, India, Indonesia or South Africa. This market dynamic provides a huge competitive advantage to developed central banks, markets and economies. Increasingly, this competitive advantage along with the destabilizing global role of Federal Reserve “money” are sources of heightened global animosities. More than ever before, EM economies see developed “money” printing as a force for rising inequality”.
In other words, the ability of Washington and London to “quantitatively ease” is an imperial privilege. However, there is one crucial distinction between this and past forms of imperial exploitation: QE is also impoverishing, through inflation, the whole US and UK populations, outside the 0.01 % elite.
Doug Noland
Prudent Bear
27th April, 2014
Trouble brewing
Over the years, money and the “Moneyness” of Credit have remained focal points of my Macro Credit Analytical Framework. From my perspective, money is fundamentally defined by perceptions. “Money” is a financial claim perceived as safe and a liquid store of nominal value. Understandably, this definition is troubling to monetary purists. Yet in the spirit of Ludwig von Mises and his notion of broad money/“fiduciary media,” my view of contemporary “money” is focused on an array of financial claims and their functionality.
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Posted in Currency Wars | Tagged: dollar collapse, End of empire, hyperinflation, quantitative easing | Leave a Comment »
Posted by seumasach on April 19, 2014
F.William Engdahl
PressTV
18th April, 2014
Washington’s decision to go for the military coup in Ukraine was intended to rupture the emerging cooperation between key Eurasian nations that ultimately would have isolated the power of US hegemony and opened the door for a genuine multi-polar world where peaceful cooperation replaced military threats and sole Superpower domination.
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Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), China-Iran-Russia Triangle, dollar collapse, End of empire | Leave a Comment »
Posted by seumasach on April 9, 2014
Asia Times
8th April, 2014
The leaders of seven countries of South and Southeast Asia – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand – gathered in Naypyidaw, Myanmar last month to take part in the third Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit.
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Posted in Multipolar world | Tagged: Association of Southeast Asian Nations (ASEAN), Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), regional integration | Leave a Comment »
Posted by seumasach on April 6, 2014
Posted in Disband NATO!, Multipolar world | Leave a Comment »
Posted by seumasach on April 4, 2014
Jim Willie
Goldseek
4th April, 2014
The shocks will be many as the USDollar struggles and falls off the global financial stage in full view. The desperate maneuvers like in Syria and Ukraine should be seen as last ditch efforts to save a dying system. For two decades the USDollar has been defended by military means. Worse, for 50 years the USGovt has been a hidden nazi enclave of wicked fascists who have hidden behind their overt disdain for communism, with Kissinger the flag bearer, with Brzezinski the ideologue, with Papa Bush the executor, with narcotics and genetics and gold thefts their principal agenda. The official US support of fascist regimes includes a list of nations as long as your arm. Since 2008 when the Lehman kill was executed in order to rescue Goldman Sachs, when Fannie Mae was hidden under the USGovt roof to prevent its $trillion fraud from being exposed, and when AIG was tucked in the USFed basement closet for ample monetized rescues to patch the derivative black holes, the Anglo-American banking system has indeed been going through trials and tribulations, leading to its death throes. The climax of the banking system death process is upon us finally, the fibrillations of sudden illiquidity against the backdrop of relentless unforgiving insolvency so evident to those with eyes that function. Never before has the USGovt been so plain in its fascist ways, with abuses on domestic soil and installed nazi regimes on foreign soil. They kill economies systematically. They wage war relentlessly, using it as a business initiative. They control bank movements obsessively. They monitor human movement compulsively. In Kiev were seen the swastikas on armbands. The name Neo-Con is derived as a more palatable version of Neo-Nazi. The game is over for their captured gutted violated USDollar kingdom in a veritable killing field of nations.
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Posted in Currency Wars, Financial crisis, Multipolar world | Tagged: Chinese soft power, new financial architecture, Russian diplomacy | Leave a Comment »
Posted by seumasach on April 1, 2014
M.K.Bhadrakumar
Indian Punchline
31st March, 2014
The mystique of democratic elections never wears off. Throwing into the dustbin all media projections and opinion polls and so on through the recent months, Turkish people have handed down to Recep Tayyip Erdogan a resounding victory in the local elections held on Sunday.
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Posted in Multipolar world | Tagged: turkey | Leave a Comment »
Posted by seumasach on March 30, 2014
Testerone Pit
29th March, 2014
The word dollar didn’t even come up. “The volume of transactions that can be carried out in the Chinese currency in international and German financial centers is not commensurate with China’s importance in the global economy,” the Bundesbank explained in its dry manner on Friday in Berlin, after signing a memorandum of understanding with the People’s Bank of China. President Xi Jinping and Chancellor Angela Merkel were looking on. It was serious business. Everyone knew what this was about. No one had to say it.
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Posted in Currency Wars | Tagged: china-germany economic cooperation, rising yuan | Leave a Comment »
Posted by seumasach on March 30, 2014
BusinessWeek
27th March, 2014
Germany’s Bundesbank and the Peopleâs Bank of China agreed to cooperate in the clearing and settling of payments in renminbi, paving the way for Frankfurt to corner a share of the offshore market.
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Posted in Currency Wars | Tagged: china-germany economic cooperation, Euro-BRICS, rising yuan | Leave a Comment »
Posted by seumasach on March 21, 2014
Mark Weisbrot
RINF
21st March, 2014
Images forge reality, granting a power to television and video and even still photographs that can burrow deep into people’s consciousness without them even knowing it. With a wide variety of sources and people on the ground to talk to, I thought I was immune to the repetitious portrayals of Venezuela as a failed state in the throes of a popular rebellion. But even I was not prepared for what I saw in Caracas: how little of daily life appeared to be affected by the protests, the normality that prevailed in the vast majority of the city. I, too, had been taken in by media imagery.
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Posted in Multipolar world | Tagged: Bolivarian Revolution | Leave a Comment »
Posted by seumasach on February 21, 2014
This looks like a good moment to curb CIA activities in Ukraine and Venezuela
Investment Watch
20th February, 2014
In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates. Of course the number one foreign nation that we depend on to participate in our system is China. China accounts for more global tradethan anyone else on the planet (including the United States), and most of that trade is conducted in U.S. dollars. This keeps demand for our dollars very high, and it ensures that we can import massive quantities of goods from overseas at very low cost. As a major exporting nation, China ends up with gigantic piles of our dollars. They lend many of those dollars back to us at ridiculously low interest rates. At this point, China owns more of our national debt than any other country does. But if China was to decide to quit playing our game and started moving away from U.S. dollars and U.S. debt, our economic prosperity could disappear very rapidly. Demand for the U.S. dollar would fall and prices would go up. And interest rates on our debt and everything else in our financial system would go up to crippling levels. So it is absolutely critical to our financial future
that China continues to play our game.
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Posted in Currency Wars | Tagged: Chinese soft power, dollar collapse | Leave a Comment »
Posted by seumasach on February 18, 2014
The great about quantitative easing is that at the same time as providing an ongoing bailout of Wall Street it releases speculative funds to drive up food prices globally. This enables further US-backed destabilization campaigns, led by “activists” and cheer-led by the Guardian newspaper, directed against the worlds “regimes”. But these dollars are now coming home to roost with the promise of hyper-inflation in the homeland. How will our “regimes” respond?
Guardian
18th February, 2014
A crowd of anti-government activists wrested free an opposition politician as he was being hauled away in handcuffs by security forces following a raid on the party headquarters of Leopoldo López, President Nicolas Maduro’s biggest foe.
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Posted in Currency Wars | Tagged: dollar collapse, End of empire, quantitative easing | Leave a Comment »