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 14, 2010
Juan Cole
14th November, 2010
The Asian Century?
Blocked from major new domestic initiatives by a Republican victory in the midterm elections, President Barack Obama promptly lit out for Asia, a far more promising arena. That continent, after all, is rising, and Obama is eager to grasp the golden ring of Asian success.
Posted in Multipolar world | Tagged: Obama agenda | Leave a Comment »
Posted by seumasach on November 12, 2010
Pepe Escobar
13th November, 2010
It certainly beats any dreary Group of 20 (G-20) communique. Everything one needs to know about the US Federal Reserve’s quantitative easing (QE), currency wars and the mudslinging tsunami that passes for the current global financial system can be found at this animated rap video by Taiwan-based Next Media Animation (see the video here)
Posted in Currency Wars | Tagged: End of empire | Leave a Comment »
Posted by seumasach on November 11, 2010
9th November, 2010
China’s Dagong Global Credit Rating Co. reduced its credit rating for the U.S. to A+ from AA, citing a deteriorating intent and ability to repay debt obligations after the Federal Reserve announced more monetary easing.
Posted in Currency Wars | Leave a Comment »
Posted by seumasach on November 9, 2010
Doug Noland
9th November, 2010
The late-July arrival of St Louis Federal Reserve President James Bullard’s monetary policy white paper commenced serious discussion regarding a second round of quantitative easing – or QE2 – in the United States. From August lows, the S&P500 has gained almost 18%, the S&P400 Mid-Caps 21%, and the small cap Russell 2000 25%.
Posted in Currency Wars | Leave a Comment »
Posted by seumasach on November 9, 2010
9th November, 2010
Omani Foreign Minister Yusuf bin Alawi bin Abdullah has lashed out at big powers over their hegemonic approach in the region and the world, calling it a blatant error.
Posted in Iran, Multipolar world | Leave a Comment »
Posted by seumasach on November 7, 2010
Air Commodore (R) Khalid Iqbal
6th November, 2010
While in India, President Obama is poised to walk a tight rope. Pre-trip speculations in India, centred on unrealistic “deliverables” like agreements on export controls, resolution of the nuclear liability problem, military supply agreements, cooperation in the 
domain of upper space, American nod for a permanent seat in UNSC etc. Actually Obama does not have a “deliverable” of the size and magnitude of what his predecessors had. There will be a few run of the mill agreements on security and economic cooperation, including on military sales like C17 military transport aircraft. There could be symbolic touching of some other domains as well. Gap between the expectations and the reality of this summit is likely to be enormous which could be made-up by louder oratory about renewed commitment of close cooperation on high sounding ideals, mostly the intangibles.
Posted in Multipolar world | Leave a Comment »
Posted by seumasach on November 7, 2010
A section of the British elite seems to be beginning to see reason. But are they prepared to resist a new bailout and put the banks through bankruptcy?: this will be the crux of the matter.
Liam Halligan
6th November, 2010
America is now isolated and the rest of the world is furious. The widespread use of capital controls and even a lurch into 1930s-style protectionism are both far more likely than just a few days ago.
Posted in Multipolar world | Tagged: Currency Wars | 2 Comments »
Posted by smeddum on November 7, 2010
nov 5 2010
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Photo: EPA
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The World Trade Organization is sounding alarm over “currency wars” which pose the biggest threat to global economy. A statement to that effect was published on Thursday in a special report ahead of a G20 summit in Seoul next week. Read the rest of this entry »
Posted in Financial crisis, Multipolar world | Leave a Comment »
Posted by seumasach on November 6, 2010
M.K.Bhadrakumar
6th November, 2010
Any Russian babushka sitting in a city park would admonish that picking scabs is a bad thing and if the scabs feel tight or itchy, find distraction in a book or puzzle. Yet Moscow twice within a week picked at its war wounds – a relatively new scab from the Afghan jihad of the 1980s and a much older one left over from World War II. They were neither tight nor itchy, yet Moscow scratched them.
Posted in Multipolar world | Tagged: Russian diplomacy | Leave a Comment »
Posted by seumasach on November 5, 2010
Posted in Financial crisis, Multipolar world | Leave a Comment »
Posted by seumasach on November 4, 2010
A good article by Pilger, but he is certainly wrong about one thing: Britain is utterly bankrupt. The comparison with 1945 is facile: Britain then still had a substantial industrial base and had a powerful position internationally allied with the USA. Now both have eroded almost completely. Britain is bankrupt at every level, personal, local, corporate and national, a dire situation which it makes worse through its aggressive stand off against the rest of the world. Standing defiantly alone will get us nowhere. Thirty years of Thatcherism have wrecked the place and it will take thirty years to rebuild it, a task that can only be accomplished in collaboration with Europe, China and other creditors. This involves a major strategic shift away from imperialism which in the form of the pound/dollar reserve currency racket has been the basis of our prosperity in the last 20 years. The cuts will precipitate the collapse of Britain’s parasitic “consumer economy”; not making the cuts will start a run on the pound and hyperinflationary burn out. Pilger and the left are deluding themselves about the depth of the crisis so they can go on as ever making mindless, mock-heroic exhortations. Trying to link national reconstruction with multipolarity I have outlined a programme for the end of empire.
John Pilger
3rd November, 2010
These days, the stirring lines of Percy Shelley’s The Mask of Anarchy may seem unattainable. I don’t think so. Shelley was both a Romantic and political truth-teller. His words resonate now because only one political course is left to those who are disenfranchised and whose ruin is announced on a government spread sheet.
Posted in Financial crisis, Multipolar world, UK economy | 7 Comments »
In These New Times 