25th December, 2010
South Africa announced on Friday it has been formally invited to join the Brazil, Russia, India and China (BRIC) group of key emerging nations, bolstering its image as the economic gateway to Africa.
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.
South Africa invited to join BRIC economic block
Posted by seumasach on December 28, 2010
Posted in Multipolar world | Tagged: BRIC alliance, BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Russia, India, China Marching Towards A Multipolar World: By Dr. Sawraj Singh
Posted by smeddum on December 28, 2010
In the year 2010, the leaders of all of the permanent members of the security council of the United Nations visited India. President Obama of America, President Medvedev of Russia, Prime Minister Wen Jiabao of China, President Sarkozy of France, and Prime Minister David Cameron of the UK. It is obvious that India’s importance in the world in transition from a unipolar to a multipolar world is rapidly growing. Read the rest of this entry »
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Washington’s geopolitical nightmare: China and Russia boost economic cooperation
Posted by seumasach on December 14, 2010
F.William Engdahl
11th December, 2010
Whatever internal factional battles might be going on inside Kremlin walls between Medvedev and Putin, there are clear signs of late that both Beijing and Moscow are moving decisively after long hesitation to strengthen strategic economic cooperation in the face of the obvious disintegration of America as the sole Superpower. If the recent trend is deepened it will create Washington’s worst geopolitical nightmare: a unified Eurasia landmass capable of challenging America’s global economic hegemony.
As the Chinese proverb has it, we indeed live in “interesting times.” Just when it seemed Moscow was moving closer to Washington under President Medvedev, agreeing to cancel Russian sale of a controversial S-300 missile defense system to Iran and moving to cooperate with Washington on NATO issues including possibly missile defense, Moscow and Beijing have agreed a series of measures which could have major geopolitical implications, not the least for the future of Germany and the European Union space.
Posted in Multipolar world | Tagged: Russian diplomacy | Leave a Comment »
Brazil expects continuation of currency wars
Posted by seumasach on December 10, 2010
9th December, 2010
The Brazilian finance minister Guido Mantega continues to worry about the flood of money coming from Europe and the US and has said Brazil will take more steps to defend its currency. Mr. Mantega was quoted saying “With the situation in Europe under stress, we expect to see a continuation of the currency war in coming months.” His comments echo his famous remarks from September which began the chatter about a so-called currency war.
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China-Russia currency agreement further threatens U.S. dollar
Posted by seumasach on November 26, 2010
24th november, 2010
China and Russia have agreed to allow their currencies to trade against each other in spot inter-bank markets.
The motive is to “promote the bilateral trade between China and Russia, facilitate the cross-border trade settlement of [the yuan], and meet the needs of economic entities to reduce the conversion cost,” according to Chinese officials
Posted in Multipolar world | Tagged: dollar collapse, End of empire | Leave a Comment »
China, Russia quit dollar on bilateral trade
Posted by seumasach on November 26, 2010
24th november, 2010
China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday in St. Petersburg.
Posted in Currency Wars, Multipolar world | Tagged: dollar collapse, End of empire | Leave a Comment »
Sino-African cooperation benefits all people of Africa
Posted by smeddum on November 24, 2010
November 24, 2010
People’s daily
Senegal is one of China’s key partners in Africa and the Senegalese Democratic Party (SDP) worked closely with government in pushing forward political cooperation between the two countries since the resumption of diplomatic ties, said Mamadou Lamine Ba, Senegal’s minister for international and humanitarian affairs during an exclusive interview with People’s Daily in Beijing on Nov. 23. Read the rest of this entry »
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China and Russia quit dollar
Posted by smeddum on November 24, 2010
Posted in Currency Wars, Multipolar world | Leave a Comment »
Quantitative easing: blaming China for the failures of US monetary policy
Posted by seumasach on November 22, 2010
Prof.Michael Hudson
22nd November, 2010
Here’s the quandary that the U.S. economy is in: The Fed’s quantitative easing policy– creating more liquidity so that banks can lend more – aims at helping the economy “borrow its way out of debt.” But banks are not lending more, for the simple reason that a third of U.S. real estate already is in negative equity, while small and medium-sized businesses (which have created most of the new jobs in America for the past few decades) have seen their preferred collateral (real estate and sales orders) shrink. How can banks be expected to lend more to re-inflate the economy’s asset prices while wages and consumer prices continue to drift down? The “real” economy as a whole therefore must shrink.
Posted in Multipolar world | Tagged: dollar collapse | Leave a Comment »
China to play role in General Motors IPO
Posted by seumasach on November 14, 2010
13th November, 2010
Detroit (AP)- Among the banks helping General Motors with its initial public stock offering next week are two identified by initials only: ICBC and CICC.
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Obama’s economic view is rejected on world stage
Posted by seumasach on November 14, 2010
12th November, 2010
President Obama’s hopes of emerging from his Asia trip with the twin victories of a free trade agreement with South Korea and a unified approach to spurring global economic growth ran into resistance on all fronts yesterday, putting Obama at odds with his key allies and largest trading partners.
Posted in Currency Wars | Tagged: G20 summit, Obama agenda | Leave a Comment »
In These New Times 