In These New Times

A new paradigm for a post-imperial world

Archive for the ‘Uncategorized’ Category

Russia sells off record amount of US Treasury bonds

Posted by seumasach on June 21, 2018

 

Strategic Culture

18th June, 2018

The US Treasury Department report for April published on June 15 revealed that Russia sold $47.4 billion out of the $96.1 it had held in Treasury bonds (T-bonds). In March, Moscow cut its Treasury holdings by $1.6 billion. In February, Russia reduced its bond portfolio by $9.3 billion. Other holders did it too. Japan sold off about $12 billion, China liquidated roughly $7 billion. Ireland ditched over $17 billion.

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Donald Trump’s “Madness”

Posted by seumasach on June 19, 2018

Trump appears intent on undermining the whole US-led post-war, or rather post-1971, order. Here Hugo Salinas Price shows that the ever-growing US trade deficit is a necessary component of that order. It feeds US government spending and ensures the flow of dollar into the global system. Logically, the US must move from being the consumer of last resort to being once again a productive economy, another professed Trump goal.

Hugo Salinas Price

14th June, 2018

Way back in 1995, when Mexico was in the throes of another financial crisis, I figured out the problem of the existing world’s monetary system, based on the paper dollar as the fundamental currency of the world.

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Why a dollar collapse Is inevitable

Posted by seumasach on April 7, 2018

Alastair MacLeod

Gold Money

5th April, 2018

We have been here before – twice. The first time was in the late 1920s, which led to the dollar’s devaluation in 1934. And the second was 1966-68, which led to the collapse of the Bretton Woods System. Even though gold is now officially excluded from the monetary system, it does not save the dollar from a third collapse and will still be its yardstick.

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Mending fences with China gets started

Posted by seumasach on February 25, 2018

The prospects of Quads, an Asian NATO aimed at countering Chinese influence, may simply dissolve under the sway of Chinese sort power. After all, the BRI actually offers real benefits in terms of India’s development in contrast to the meagre offerings of the fading Hegemony. Furthermore, India has already joined the SCO, a sort of Asian NATO aimed at countering US influence, and cannot for long attempt to ride both horses.

M.K.Bhadrakumar

Indian Punchline

25th February, 2018

Foreign Secretary Vijay Gokhale has hit the road running, as it were. There isn’t going to be a time lag following his predecessor’s permanent retirement from the South Block before the much-needed abandonment of the China policies over the past three years got under way. Those policies were characterized by a muscularity without precedents or a sense of ground realities that brought the two countries almost to the brink of war. In retrospect, they proved fanciful, sterile and even counter-productive –except, perhaps, to create a raison d’etre for the India-US defining partnership in the era of “America First”.

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India’s Asian strategies are distinctly passé

Posted by seumasach on January 30, 2018

Both Japan and Australia are breaking from the US sphere of influence. As Trump says, the US will follow it’s national interests just as other countries will follow theirs: that is exactly what is happening. But of course, following your national interest is by no means the same thing as following an isolationist policy: that is impossible in our globalized world where success is based on exercising strategic autonomy to maximize geo-strategic advantage. Trump seems to be enabling this for other countries but it remains to be seen whether he can do it for the USA itself, incorporating the USA itself into the multipolar order by way of a comprehensive trade and investment partnership with China. So far it appears not.

M.K.Bhadrakumar

Indian Punchline

29th January, 2018

The meeting between the foreign ministers of China and Japan – Wang Yi and Taro Kono – on Sunday in Beijing signifies the resumption of high-level exchanges after an interlude of two years. A series of goodwill gestures by the two sides in recent months preceded it. Sunday’s talks resulted in an agreement to hold the Japan-China-South Korea summit meeting “as soon as possible”.

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Iran to join Eurasian Economic Union

Posted by seumasach on December 14, 2017

Adam Garrie

The Duran

13th December, 2017

Iranian media has cited a statement from Behrouz Hassanolfat, the director of Europe and Americas Department of Iran’s Trade Promotion Organization, indicating that Iran will formally join the Eurasian Economic Union (EAEU) in early 2018.

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How Trump’s America helped China and South Korea become friends again

Posted by seumasach on December 12, 2017

“Trump’s neo-isolationist and unilateralist inclinations have given China a golden opportunity to enhance its prestige, status, and international leadership.”

South China Morning Post

12th December, 2017

Zhang Baohui says the rapprochement between Beijing and Seoul, after relations were damaged over THAAD, has much to do with a more moderate Chinese foreign policy, inspired in no small part by the erosion of American soft power under an isolationist Donald Trump

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EU takes over global trade stage

Posted by seumasach on December 12, 2017

Politico

12th December, 2017

The international trading system created by the U.S. after the Second World War has a new leader — the European Union.

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The end of the Syrian war Is the beginning of a new middle eastern order

Posted by seumasach on November 29, 2017

Federico Pieraccini

28th November, 2017

Strategic Culture

In the Middle East and beyond, we are witnessing a series of high-level political meetings between dozens of nations involved directly or indirectly in the Syrian situation. It is crucial to understand all this in order to understand the direction in which the region is going and what the new regional order is.

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BRICS countries mulling formation of single gold trade system

Posted by seumasach on November 26, 2017

TASS

24th November, 2017

BRICS countries are discussing the possibility of establishing a single gold trade system, First Deputy Chairman of Russia’s Central Bank Sergey Shvetsov said Friday.

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Trump says US will stop arming Kurds in phone call to Turkey’s Erdogan

Posted by seumasach on November 25, 2017

Trump has just moved to disengage from Syria!

The Duran

24th November, 2017

According to the Associated Press, US President Donald Trump has issued a commitment to Turkey’s president Recep Erdogan, that the US will cease arms shipments to Kurdish fighters in Syria.

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