24th August, 2018
Russia will definitely respond to Washington’s latest sanctions and, in particular, it is accelerating efforts to abandon the American currency in trade transactions, said Deputy Foreign Minister Sergei Ryabkov.
Time has come for Russia to finally ditch US dollar
Posted by seumasach on August 25, 2018
Posted in Currency Wars | Tagged: end of dollar, End of empire | Leave a Comment »
Germany calls for global payment system independent of the US
Posted by seumasach on August 22, 2018
Tyler Durden
In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal between Iran and the west.
Posted in Battle for Europe | Tagged: independent Europe, new global financial architecture, new global financial system | Leave a Comment »
Globalization with Chinese characteristics
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
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.
Posted in Uncategorized | Tagged: China, China-led globalization, US-China: clash of world systems | Leave a Comment »
Trump scores an own-goal in the game against Iran
Posted by seumasach on August 14, 2018
M.K.Bhadrakumar
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.
Posted in Iran, Multipolar world, Uncategorized | Tagged: Iranian diplomacy, trump agenda | Leave a Comment »
Russia finance minister: We may abandon dollar in oil trade
Posted by seumasach on August 13, 2018
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.
Posted in Uncategorized | Tagged: demise of dollar, End of empire | Leave a Comment »
Iran to launch state-backed crypto to sidestep US sanctions
Posted by seumasach on July 28, 2018
27th July, 2018
As US sanctions loom, Iran is reportedly planning to launch its own crypto-currency, according to a 25 July story from the nation’s official news channel Press TV. The report claims Tehran is preparing to develop its own digital currency to circumnavigate impending sanctions from American President Donald Trump’s administration that, says the Islamic Republic, aim to cripple the country.
Posted in Iran | Tagged: cryptocurrencies | Leave a Comment »
Xi Jinping’s vision for global governance
Posted by seumasach on July 16, 2018
Kevin Rudd(former Australian prime minister)
15th July, 2018
The contrast between the disarray in the West, on open display at the NATO summit and at last month’s G7 meeting in Canada, and China’s mounting international self-confidence is growing clearer by the day. Last month, the Communist Party of China (CPC) concluded its Central Conference on Work Relating to Foreign Affairs, the second since Xi Jinping became China’s undisputed ruler in 2012. These meetings are not everyday affairs. They are the clearest expression of how the leadership sees China’s place in the world, but they tell the world much about China as well.
Posted in Multipolar world | Tagged: global governance, quanqiu zhili (global governance), the reform of the global governance | Leave a Comment »
Donald Tusk calls on Europe, China, US and Russia to ‘prevent global chaos’
Posted by seumasach on July 16, 2018
“We are all aware of the fact that the architecture of the world is changing before our very eyes and it is our common responsibility to make it change for the better,” he said on Monday at the opening of a summit between China and the EU in Beijing.
Driven forward by Trump’s bonfire of the institutions of the the post-war US-led system, Europe may be finally emerging as an independent force. A strategically autonomous EU is a crucial part of the multipolar jigsaw, a fact recognised by both Russia and China, contrary to the claims of the western media.
16th July, 2018
European Council president Donald Tusk has called on Europe, China, the US and Russia to work together to avoid trade wars and “prevent conflict and chaos”.
Posted in Battle for Europe | Leave a Comment »
Summitgate and the Campaign vs. ‘Peace’
Posted by seumasach on July 14, 2018
Stephen F. Cohen
11th July, 2018
Stephen F. Cohen, professor emeritus of Russian studies and politics at NYU and Princeton, and John Batchelor continue their (usually) weekly discussions of the new US-Russian Cold War. (You can find previous installments, now in their fifth year, at TheNation.com.)
Posted in New Cold War | Tagged: Trump-Putin summit | Leave a Comment »
Trump Is a positive impulse from US surrounded by hostility
Posted by seumasach on July 3, 2018
“Among the ruling class in the West there must be, and I don’t know their names and they’re certainly not coming out from behind the door to show us who they are. But there must be some members of the ruling elite that understand that the day of hegemony is over; that there’s a multilateral world that is coming into being and if they’re going to engage that world within the realm of reality, they have to acknowledge it and adjust their policies.”
Don DeBar
30th June, 2018
The US-Russian summit will be held in Helsinki on July 16. This will be Putin and Trump’s first official meeting, although the two leaders have met on the sidelines of international summits before. Sputnik discussed the upcoming talks between Trump and Putin with Don DeBar, host of the syndicated daily radio newscast CPR News.
Posted in Global peace process | Tagged: trump agenda, Trump-Putin summit | Leave a Comment »
Get on the Trump peace train!
Posted by seumasach on July 3, 2018
Justin Raimondo
2nd July, 2018
There’s never a dull moment with the Trump administration, which means: never a moment of rest for the War Party. Trump keeps throwing fast balls at the pundits and assembled “experts,” and they keep striking out, bigtime, as the ball whizzes past their heads and lands, with a thwack!, in the catcher’s mitt.
Posted in Global peace process | Tagged: neocons v Trump, trump agenda, Trump-Putin summit | Leave a Comment »
In These New Times 