A senior Chinese official who oversees China’s largest state-owned enterprises has publicly slammed western investment banks for “maliciously” peddling complicated derivative products that caused huge losses for Chinese companies. In Beijing’s strongest criticism on the matter to date, Li Wei, vice director of the state-owned Assets Supervision and Administration Commission, singled out Goldman Sachs, Morgan Stanley, Merrill Lynch and Citigroup in a critical article in the official Communist party newspaper.
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.
Chinese official slams Western banks
Posted by seumasach on December 8, 2009
Posted in Financial crisis, Multipolar world | Tagged: China, Financial crisis | Leave a Comment »
Lula Wants World to Know Brazil Is Iran’s Good Friend, Nukes and All
Posted by seumasach on December 8, 2009
Renata Giraldi
8th December, 2009
Brazilian diplomats believe that the administration of president Luiz Inácio Lula da Silva plans to expand Brazil government’s outward signs of support and solidarity to Iranian President, Mahmoud Ahmadinejad.
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Posted in Iran, Multipolar world, Uncategorized | Tagged: Iran, Multipolar world | Leave a Comment »
Welcome to the Luladinejad axis
Posted by seumasach on November 26, 2009
Pepe Escobar
26th November, 2009
President Luiz Inacio Lula da Silva from Brazil and President Mahmud Ahmadinejad from Iran. What is this – the new axis of evil? No – Luladinejad is a new axis of business.
Posted in Multipolar world | Tagged: Brazilian diplomacy | Leave a Comment »
Welcome, comrade Maobama
Posted by seumasach on November 19, 2009
Pepe Escobar
17th November, 2009
BEIJING – Dear comrade Maobama,
It’s such an honor to receive you here in the northern capital of the Middle Kingdom as you pay tribute to the hub of the already developing 21st-century multipolar world.
Posted in Multipolar world | Tagged: BRIC alliance, China, Multipolar world, Obama agenda, SCO | Leave a Comment »
‘US can no longer afford to isolate Iran’
Posted by seumasach on November 12, 2009
11th November, 2009
A former Italian foreign minister says the United States cannot afford to isolate Iran as the Middle Eastern country can easily develop its economic ties with the European Union and Russia.
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Posted in Iran, Multipolar world | Tagged: Iran, Multipolar world | Leave a Comment »
China Calls on U.S. to Control Deficit
Posted by seumasach on November 10, 2009
10th November, 2009
Nov. 9 (Bloomberg) — Chinese Premier Wen Jiabao urged the U.S. to limit the size of its deficit to ensure the stability of the dollar, Reuters reported.
Posted in Multipolar world | Tagged: China, dollar collapse | Leave a Comment »
Russia, India and China go their ways
Posted by seumasach on November 4, 2009
M.K.Bhadrakumar
5th November, 2009
Russian Foreign Minister Sergei Lavrov is virtually peerless. Only a handful of foreign ministers can match him in professionalism honed over decades in international diplomacy. He seldom leaves the ring empty-handed.
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Posted in Multipolar world | Tagged: Afghanistan, Multipolar world, Obama agenda, Russia-India-China (RIC), Russian diplomacy | Leave a Comment »
Jim Willie – Golden Accumulation Opportunity
Posted by smeddum on November 4, 2009
Jim Willie CB
October 28, 2009
Actually, the golden opportunity is for buying silver at current prices. The motive for lifting the USDollar was the gargantuan $115 billion in USTreasurys offered this week. With bond yields rising from gargantuan supply, the USGovt and USDept Treasury and USFed did not wish to have both bond principal values fall and the USDollar fall. So the maestros engineered a meager semi-lifeless US$ rally, and a full 100-cent silver price discount. The claim again came that the bond auction bid/cover was strong at over 3:1 ratio. But 1.0 of that comes from the primary dealers who are bound to bid. The rest came in majority from foreign central banks. Same Modus Operandi by the Usual Suspects. The difference is that precious metals were taken down in price, using the typical shorting of futures contracts sponsored and endorsed by the USGovt, free of collateral regulatory requirements. Heck, we could all bring down the price of cotton, and make boxer shorts (jockeys too) cheap, if we all were permitted to sell in gargantuan quantities without benefit of cotton in possession. Now is yet another opportunity to gather in gold, and especially silver, at a hefty price discount. The silver price after some stabilizing days will be ready for a serious assault on the $20 price level. See the brief technical review later in this article. Read the rest of this entry »
Posted in Financial crisis, Multipolar world | Tagged: dollar collapse | Leave a Comment »
The Rise and Rise of Turkey
Posted by seumasach on November 3, 2009
Patrick Seale
3rd November, 2009
One way and another, a resurgent Turkey is rewriting the rules of the power game in the Middle East, in a positive and non-confrontational manner. This is one of the few bright spots in a turbulent and highly-inflammable Middle East, says Patrick Seale.
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Posted in Multipolar world | Tagged: Turkish diplomacy | Leave a Comment »
China, India agree to narrow border differences
Posted by smeddum on October 25, 2009
China, India agree to narrow border differences
(Xinhua/China Daily)
2009-10-24
HUA HIN, Thailand: Chinese Premier Wen Jiabao and his Indian counterpart Manmohan Singh agreed on Saturday to gradually narrow differences on border issues between the two countries.
The two sides agreed to continue talks, with the aim of incrementally removing the barriers to a solution that was fair and acceptable to both sides. Read the rest of this entry »
Posted in Multipolar world | Tagged: China-India relations | Leave a Comment »
In These New Times 