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 December 18, 2018
14th December, 2018
It is increasingly clear the global economy is slowing down. And a few months ago the epicenter for that slowdown was Turkey.
The Turkish Lira melted down as fears over its massive pile of corporate debt, most of it denominated in dollars, began selling off. And that had contagion effects into Europe since yield-starved banks went looking for some thanks to the ECB’s negative interest rate policy.
Posted in Multipolar world | Tagged: turkey looks east | Leave a Comment »
Posted by seumasach on December 16, 2018
Talk about the shift of power from West to East!
14th december, 2018
Prosecutors in Malaysia filed yet another round of new graft charges against disgraced former prime minister Najib Razak this week after investigators questioned him and Arul Kanda Kandasamy, a former chief executive at 1Malaysia Development Berhad (1MDB), over allegations of tampering with a 2016 government audit of the graft-linked state fund.
Posted in Multipolar world | Tagged: 1Malaysia Development Berhad (1MDB), Goldman Sachs | Leave a Comment »
Posted by seumasach on December 16, 2018
Pepe Escobar
13th december, 2018
The concept of Greater Eurasia has been discussed at the highest levels of Russian academia and policy-making for some time. This week the policy was presented at the Council of Ministers and looks set to be enshrined, without fanfare, as the main guideline of Russian foreign policy for the foreseeable future.
Posted in Multipolar world | Tagged: eurasian project, Greater Eurasia, New Eurasian Century | Leave a Comment »
Posted by seumasach on December 15, 2018
14th December, 2018
Forces are aligning against Saudi Arabia’s Crown Prince, lead by elements within the CIA and strong players in the mainstream media. But what is really behind this deterioration in relationship, and what are its implications?
Posted in Currency Wars | Tagged: petro-yuan, saudi russia rapprochement | Leave a Comment »
Posted by seumasach on December 4, 2018
“To my mind, Putin felt encouraged to sense that the time has come for the realization of what Russian pundits often call the “Primakov’s Triangle”. (The idea of a Russia-India-China format was first propounded in 1998 by the legendary Russian strategist and then foreign minister Evgeniy Primakov but both China and India had reservations about it.)”
M.K.Bhadrakumar
3rd December, 201§8
The G20 in Argentina last weekend turned out to be of great significance for India-China relations. On the sidelines of the event, PM Modi and President Xi Jinping had occasion to interact thrice – one bilateral meeting and a second meeting of BRICS leaders were scheduled in advance and then, lo and behold, Russian President Vladimir Putin sprang a huge surprise on his Indian and Chinese colleagues by initiating a summit meeting in the Russia-India-China (RIC) format.
Posted in Multipolar world | Tagged: china-india-russia alliance, Primakov’s Triangle | Leave a Comment »
Posted by seumasach on November 20, 2018
18th November, 2018
Iran says it is discussing a plan with Iraq to switch to dinar in trade instead of the US dollar.
The announcement was made by Iran’s Ambassador Iraj Masjedi who said the plan had been devised in response to recent US sanctions that restricted Iran’s access to the greenback.
Posted in Currency Wars, Iran | Tagged: decline of dollar, iran sanctions, Multipolar world | Leave a Comment »
Posted by seumasach on November 20, 2018
20th Novemebr, 2018
For decades, every sign Russia and Japan had made progress in talks on disputed territories and a post-World War II peace treaty turned out to be a false alarm. This time may be different: Both Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe need a deal more than their predecessors did.
Posted in Global peace process, Multipolar world | Tagged: Russia- Japan peace treaty | Leave a Comment »
Posted by seumasach on November 20, 2018
2nd October, 2018
Since the end of World War II, Japan’s defence and security policy has always been built around a single premise — an international order based on US primacy.
Posted in Multipolar world | Tagged: Japan-China relations, Japan-US relations | Leave a Comment »
Posted by seumasach on October 30, 2018
So much for containing China! Multipolarity provides China with an abundance of alternatives, as in this unprecedented convergence with Japan, a member of the Quad grouping. The ball is well and truly back in Trump’s court. Will he persist in the path of confrontation with China or is his bellicose stance just a prelude to a deal? We will see, perhaps, after the forthcoming Trump-Xi talks.
26th October, 2018
Nothing beats a potential financial crisis to bring geopolitical rivals together. This dynamic was on full display in Beijing Friday when the premiers of China and Japan joined hands on a US$30 billion currency swap, a yuan clearing bank and business deals worth billions.
Posted in Multipolar world | Tagged: China-Japan convergence, Containing China, Quadrilateral Security Dialogue(QUAD), trump agenda | Leave a Comment »
Posted by seumasach on October 24, 2018
M.K.Bhadrakumar
22nd October, 2018
It goes without saying that oil has been central to military power and economic life in modern history. Control of oil has been a key source of power and policy in the Cold War. There was even a top-secret US government plan to ravage the Middle East oil industry in the event of the former Soviet Union gaining control of it. The CIA called it the “denial policy”. It was hatched in 1948 during the Berlin Blockade – whereby, oil wells would be plugged, equipment and fuel stockpiles destroyed, refineries and pipelines disabled to ensure that the USSR never got hold of the Middle East’s oil resources.
Posted in Currency Wars | Tagged: end of dollar as global reserve currency, saudi russia rapprochement, US-Saudi rift | Leave a Comment »
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
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.
Posted in Multipolar world | Leave a Comment »
In These New Times 