Archive for the ‘Uncategorized’ Category
Posted by seumasach on August 14, 2018
In other words, with it’s use of subsidies in accordance with national priorities, its tight control over foreign direct investment and state control over the financial system and capital flows, all of which are in contradiction to the neo-liberal, Washington consensus, China maintains, essentially, a type of socialist system.
Barry Eichengreen
Asia Times
14th August, 2018
US President Donald Trump’s erratic unilateralism represents nothing less than abdication of global economic and political leadership. Trump’s withdrawal from the Paris climate agreement, his rejection of the Iran nuclear deal, his tariff war, and his frequent attacks on allies and embrace of adversaries have rapidly turned the United States into an unreliable partner in upholding the international order.
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Posted in Uncategorized | Tagged: China, China-led globalization, US-China: clash of world systems | Leave a Comment »
Posted by seumasach on August 14, 2018
M.K.Bhadrakumar
Asia Times
13th August, 2018
The Israeli press is awash with reports that US President Donald Trump is faithfully executing a containment strategy against Iran that was scripted in Tel Aviv by none other than Prime Minister Benjamin Netanyahu.
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Posted in Iran, Multipolar world, Uncategorized | Tagged: Iranian diplomacy, trump agenda | Leave a Comment »
Posted by seumasach on August 13, 2018
Zero Hedge
12th August, 2018
One month ago, the bond market and political pundits did a double take when according to the latest Treasury International Capital report, Russia had liquidated virtually all of its US Treasury holdings, selling off the bulk of its US government bonds in just two months, March and April.
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Posted in Uncategorized | Tagged: demise of dollar, End of empire | Leave a Comment »
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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Posted in Uncategorized | Tagged: de-dollarisation, decline of dollar, dollar collapse, End of empire, new global financial architecture, new global financial system, petro-yuan | Leave a Comment »
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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Posted in Uncategorized | Tagged: new global financial architecture, rebuilding America, trump agenda | Leave a Comment »
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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Posted in Uncategorized | Tagged: dollar collapse, gold standard, new global financial architecture, new global financial system, reserve currency status of dollar | Leave a Comment »
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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Posted in Uncategorized | Tagged: Asian Infrastructure Investment Bank(AIIB), Belt and Road Initiative(BRI), Chinese soft power | Leave a Comment »
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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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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Posted in Uncategorized | Tagged: eurasian, Eurasian Economic Union (EAEU), New Eurasian Century | Leave a Comment »
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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Posted in Uncategorized | Tagged: China-led globalization, China-South Korea relations, decline of US soft power | Leave a Comment »
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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Posted in Uncategorized | Tagged: EU as the indispensable partner for world trade, EU-Japan trade deal, EU-Mercosur trade deal | Leave a Comment »
In These New Times 