Posted by seumasach on February 7, 2012
Jian Junbo
8th February, 2012
German Chancellor Angela Merkel’s two-day visit to China last week came amid significant advances in cooperation, despite differences on issues such as Iran.
As Chinese President Hu Jintao said during his meeting with Merkel last Friday, her visit strengthens “trust and understanding” between the two countries.
Posted in Uncategorized | Tagged: China-EU cooperation, china-germany economic cooperation, strategic partnership between China and Germany | 2 Comments »
Posted by seumasach on February 7, 2012
7th February, 2012
In a statement issued during the eleventh summit of the organization, the nine members of the ALBA bloc (Bolivarian Alliance for the Peoples of Our America) rejected on Sunday the “systematic policy of interference and destabilization” that seeks to “impose by force on the Syrian people a regime change.”
Posted in Syria | Tagged: ALBA, Bolivarian Alliance for the Peoples of Our America), contras | Leave a Comment »
Posted by seumasach on February 6, 2012
Thierry Meyssan
5th February, 2012
Contrary to her position at the time of the attack on Iraq, in the case of Syria France failed to defend the principles of international law, rallying instead the imperial camp and its lies. Together with the United Kingdom and the United States, she has suffered a diplomatic defeat of historic proportions, while Russia and China have become the champions of the sovereignty of peoples and peace. The new international balance of power is not only a consequence of the United States’ military decline, it is also a penalty for their falling prestige. Ultimately, Western powers have lost the leadership they enjoyed throughout the twentieth century, having forsaken all legitimacy by betraying their own values.
Posted in Multipolar world, Syria | Tagged: end of the unipolar world, GCC, thierry meyssan | 2 Comments »
Posted by seumasach on February 6, 2012
M.K.Bhadrakumar
7th February, 2012
If a date needs to fixed marking the end of “post-Soviet era” in world politics, it might fall on February 4, 2012. Russia and China’s double veto of the Arab League resolution on Syria in the United Nations Security Council constitutes a watershed event.
Posted in New Cold War, Syria | Tagged: Arab League resolution on Syria, m.k.bhadrakumar, post-Soviet era | Leave a Comment »
Posted by seumasach on February 6, 2012
6th February, 2012
An eight-nation bloc of Latin American and Caribbean countries has thrown its weight behind the Syrian government, condemning foreign efforts aimed at destabilizing Syria.
Posted in Syria | Tagged: ALBA | Leave a Comment »
Posted by seumasach on February 5, 2012
Liam Halligan
28th January, 2012
First Romney learnt that, having “won” the opening Iowa caucus, he actually lost on a recount. In the South Carolina primary, he was trounced by Newt Gingrich after a lacklustre debate performance. Romney then bungled his personal tax return, insisting he wouldn’t make it public for months, then releasing it anyway.
Posted in Financial crisis | Tagged: dead banks, full disclosure, no more bailouts-put banks into receivership, quantitative easing | Leave a Comment »
Posted by seumasach on February 4, 2012
Paul Craig Roberts
If you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williams shadowstats.com.
Posted in Financial crisis | Tagged: economic collapse, End of empire, financial collapse, financial fraud, institue for political economy, john williams shadow stats, paul craig roberts | Leave a Comment »
Posted by seumasach on February 4, 2012
NATO Suggests Other Countries Start Paying for It
Jason Ditz
Every time NATO DMs meet on Afghanistan it’s a good bet that the plan is going to involve making the Afghan military even bigger. It has been a safe strategy, with the argument that it is making Afghanistan handle their own security woes.
Posted in Afghanistan, Disband NATO! | Tagged: dismantle NATO!, End of Nato | Leave a Comment »
Posted by seumasach on February 4, 2012
4th February, 2012
Sweden has insisted that there is no deviation in Iran’s peaceful nuclear program and denounced any use of military force against Tehran as “stupidity.”
Posted in Iran | Tagged: carl bildt, International Atomic Energy Agency (IAEA), Munich Security Conference, Non-Proliferation Treaty | 1 Comment »
Posted by seumasach on February 4, 2012
The British Pound extended the advance from the previous month to reach a fresh yearly high of 1.5882, but we are going to see the sterling come under pressure next week should the Bank of England take additional steps to stimulate the ailing economy. Although the BoE is widely expected to keep the benchmark interest rate at 0.50%, all of the 50 economist polled by Bloomberg News see the Monetary Policy Committee expanding its Asset Purchase Facility beyond the GBP 275B target, and the central bank may keep the door open to expand its balance sheet further in an effort to stem the risk of a double-dip recession.
This is a rather immodest proposal framed framed in the most modest terms: “Bankers of the realm, do you accept another tranch of newly minted cash in exchange for the worthless assets you are still holding on your balance sheets without daring to mark to market? We do!” reply the blushing bankers in unison, “till death us do part” Thus we will see in the coming weeks the consumation of the marriage between our elected representatives and the City if London. Of course, the BOE claims the money is for purchase of government securities rather than further bailout. They would say that and its hardly good news that we have to print money to sell guilts. Still, this will be at least in part another bailout of the banks, gratefully accepted. It is this money printing prowess that our pundits have been boasting about as the great trump card of the British economy which still has its own currency, unlike the hapless Greeks. Yes, but if we are to devalue our currency in perpetuity why would anyone accept or hold assets denominated in it. they would only do so if they had no choice- if all the other options had been knocked out. Hence the desperate campaign against the euro, but the euro will continue to be a viable alternative and the emerging econo ies are looking into new ways of bypassing the dollar and the pound. The “bearish” forecast is thus more than justified with all the horrors that that entails for an economy totally dependent on imports.
Fundamental Forecast for British Pound: Bearish
4th February, 2012
The British Pound extended the advance from the previous month to reach a fresh yearly high of 1.5882, but we are going to see the sterling come under pressure next week should the Bank of England take additional steps to stimulate the ailing economy. Although the BoE is widely expected to keep the benchmark interest rate at 0.50%, all of the 50 economist polled by Bloomberg News see the Monetary Policy Committee expanding its Asset Purchase Facility beyond the GBP 275B target, and the central bank may keep the door open to expand its balance sheet further in an effort to stem the risk of a double-dip recession.
Posted in UK economy | Tagged: no more wars!-no more bailouts!, QE3, quantitative easing | Leave a Comment »
In These New Times 