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 November 2, 2010
Michael Hudson
Global Research
2nd November, 2010
Moreover, it may well be asked whether we can take it for granted that a return to freedom of exchanges is really a question of time. Even if the reply were in the affirmative, it is safe to assume that after a period of freedom the regime of control will be restored as a result of the next economic crisis. (Paul Einzig, Exchange Control (1934)).[1]
Great structural changes in world trade and finance occur quickly – by quantum leaps, not by slow marginal accretions. The 1945-2010 era of relatively open trade, capital movements and foreign exchange markets is being destroyed by a predatory financial opportunism that is breaking the world economy into two spheres: a dollar sphere in which central banks in Europe, Japan and many OPEC and Third World countries hold their reserves the form of U.S. Treasury debt of declining foreign-exchange value; and a BRIC-centered sphere, led by China, India, Brazil and Russia, reaching out to include Turkey and Iran, most of Asia, and major raw materials exporters that are running trade surpluses.
Read the rest of this entry »
Posted in Financial crisis, Multipolar world | Tagged: Currency Wars | Leave a Comment »
Posted by seumasach on November 2, 2010
Pepe Escobar
Asia Times
3rd November, 2010
SAO PAULO – In his wildest White House dreams, United States President Barack Obama swoops like an angel over the Jon Stewart/Stephen Colbert “Rally to Restore Sanity” that brought at least 200,000 people to the Mall in Washington, DC, this Saturday; he makes sure that “sanity” wins over “fear” – as it did, with a lot of swing and swagger; and then he soundly falls asleep, knowing in his heart that his Democratic party will overcome all shades of fear in mid-term polls and keep his presidency on track.
Ooops. Wrong script. In fact “sanity” was what Brazilian, not American voters chose on Sunday as they elected Dilma Roussef, of the governing Workers’ Party (PT), as the country’s first female president, with 12 million votes over her competitor, the social-democrat turned tropical version of the Tea Party Jose Serra – or “Serra Palin“. Globally, Dilma’s 56 million votes is the biggest victory of any left-leaning coalition (11 parties) anywhere in the world.
Read the rest of this entry »
Posted in Multipolar world | Leave a Comment »
Posted by seumasach on November 2, 2010
“It is becoming harder to mop up the liquidity flowing into these countries,” said Neil Mellor, of the Bank of New York Mellon. “We fully expect more central banks to impose capital controls over the next couple of months. That is the world we live in,” he said. Globalisation is unravelling before our eyes.
Globalisation Anglo-Saxon style, that is: a benign counter-globalisation, multipolar, is coming more and more to the fore. That said, this is an excellent article by Evans-Pritchard: it seems that, in Britain, some on the right are much closer to reality than those on the left, who are simply nowhere.
Ambrose Evans-Pritchard
Telegraph
2nd November
The Fed’s “QE2” risks accelerating the demise of the dollar-based currency system, perhaps leading to an unstable tripod with the euro and yuan, or a hybrid gold standard, or a multi-metal “bancor” along lines proposed by John Maynard Keynes in the 1940s.
Read the rest of this entry »
Posted in Financial crisis, Multipolar world | Tagged: Currency Wars, dollar collapse, End of empire | Leave a Comment »
Posted by seumasach on November 1, 2010
Saliem Fakir
25th October 2010
South African Civil Society Information Service
We sit amongst the vulnerable beneath the trampling of elephants as they fight it out. South Africa may be a big player in Africa, but is no match for the economic giants in the global arena. South Africa simply does not have the foreign currency reserves or trade power to fight a currency war.
Read the rest of this entry »
Posted in Multipolar world | Tagged: Currency Wars | Leave a Comment »
Posted by smeddum on October 31, 2010
Multipolarity, endorsed by none less than Noam Chomsky, is the buzzword of the moment: it is becoming an exciting and inescapable reality. However, we and our American cousins have chosen to stand aloof, putting our faith in printing paper money and in phoney bomb plots, the so-called “war on terror”.
October 28 2010
On a recent 11-day tour covering eight European, Asian and African nations, Venezuelan President Hugo Chavez and his entourage went non-stop from factory to farm, energy facilities to governmental chambers. He signed 69 agreements covering energy, agriculture, education, technological interchange, trade, and housing. Read the rest of this entry »
Posted in Multipolar world | Leave a Comment »
Posted by smeddum on October 31, 2010
Posted: October 30th 2010
Of all the “threats” to world order, the most consistent is democracy, unless it is under imperial control, and more generally, the assertion of independence. These fears have guided imperial power throughout history. Read the rest of this entry »
Posted in Multipolar world, Uncategorized | 1 Comment »
Posted by seumasach on October 30, 2010
The Peninsular
30th October, 2010
Hanoi: Smaller Asian countries, faced with rocketing exchange rates that risk destabilising economies, should work together so that they have a bigger voice, Philippines Finance Secretary Cesar Purisima said yesterday.
Read the rest of this entry »
Posted in Multipolar world | Tagged: Currency Wars | Leave a Comment »
Posted by seumasach on October 30, 2010
The Nation
30th October, 2010
Prasarn sees the scope for such cooperation, paved by existing frameworks like the Chiang Mai Initiative, and this could lead Asia into a new landscape in the next 10-20 years. The picture includes a new trade currency and a currency to store the value of assets, aside from the greenback.
Read the rest of this entry »
Posted in Multipolar world | Tagged: Currency Wars | Leave a Comment »
Posted by seumasach on October 28, 2010
Eva Golinger
Global Research
28th October, 2010
A successful tour of 7 countries in three continents made by President Hugo Chavez has produced 69 new agreements that will strengthen national development and consolidate the most powerful defense against imperial aggression: the union of nations and peoples.
Read the rest of this entry »
Posted in Multipolar world | Tagged: ALBA | Leave a Comment »
Posted by seumasach on October 27, 2010
By making the US dependent on her in Afghanistan, Russia is defanging the US. At the same, on its western flank, Russia pursues the greatest prize of all, prizing Europe out of the Atlanticist block- the final piece in the multipolar jigsaw.
M.K. Bhadrakumar
Asia Times
28th October, 2010
North Atlantic Treaty Organization (NATO) officials have revealed their proposal with Moscow regarding a vastly stepped up Russian involvement in the Afghan war is in the final stages of negotiation and they are hopeful of formal agreement being reached at the alliance’s two-day summit in Lisbon from November 19.
Read the rest of this entry »
Posted in Afghanistan, Multipolar world | Tagged: Russian diplomacy | Leave a Comment »
Posted by seumasach on October 27, 2010
International Business Times
26th October, 2010
Latin America may suffer severe consequences as global heavy-weights China and the U.S. wage their currency war.
Read the rest of this entry »
Posted in Multipolar world | Tagged: Currency Wars | Leave a Comment »
In These New Times 