Posted by seumasach on June 25, 2015
Nonetheless, Rashed sums up: “Of course, we shouldn’t read into any new developments outside political frameworks, because I can hardly imagine that Saudi Arabia has decided to turn against its alliances (with the West) – but it probably wants to get out of the narrow US corner and expand its options”.
The Saudis can downplay this as much as they want- the simple fact is that getting out of “the narrow US corner” is tantamount to ending the reign of the petrodollar
M.K.Bhadrakumar
Asia Times
24th June, 2015
The latest bunch of diplomatic cables released by WikiLeaks as part of the half a million files relating to Saudi Arabian Foreign Ministry contains a revealing document on an “arrangement of reciprocal support to the candidature of the Government of Russia to the Human Rights Council on the understanding that the Government of Russia would also extend its valuable support to the candidature of Saudi Arabia” in the elections to the body held in May 2013.
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Posted in Currency Wars, Multipolar world | Tagged: end of petrodollar, Russian diplomacy | Leave a Comment »
Posted by seumasach on June 24, 2015
Investment fund, Greece in focus as Chinese Premier readies for EU trip
BRICS Post
23rd June, 2015
Chinese Premier Li Keqiang will attend the 17th China-EU leaders’ meeting later this month in Brussels, the first since the change of EU leadership.
Li will, during the summit, announce plans to inject billions of dollars into a much-touted EU investment fund. The new European Fund for Strategic Investment (EFSI) plans to invest 315 billion euros into the EU’s ailing economy.
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Posted in Battle for Europe | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on June 23, 2015
The moment is approaching when the bankruptcy of the financial sector, a dead weight on the overall economy , has to be addresses. This “bail-in” or de-facto bankruptcy process will itself be painful, resulting in the wipeout of billions in shares and paper securities but it is the indispensable basis for reconstruction of the real economy.
GEAB(source-Deutsche Welle)
22nd June, 2015
Brussels and Amsterdam have joined London, France, Germany and Italy in hosting mass rallies in support of cash-strapped Greece. Demonstrators said the financial sector must take responsibility for the damage it caused.
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Posted in Financial crisis | Tagged: no more bailouts, stop the bailout | Leave a Comment »
Posted by seumasach on June 21, 2015
Sino-Russian rapid rapprochement giving Western financiers the shivers
Sputnik
19th June, 2015
The Sino-Russian rapid rapprochement, accelerated by anti-Russian sanctions, gives Western financiers the shivers and prompts fears for the West’s economic fortunes and the future of the US dollar.
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Posted by seumasach on June 21, 2015
Pepe Escobar
Asia Times
20th June, 2015
The dogs of western fear and sanctions bark, while the Eurasian caravan passes.
And no caravanserai could possibly compete with the 19th edition of the St. Petersburg International Economic Forum (SPIEF). Thousands of global business leaders – including Europeans, but not Americans; after all, President Putin is “the new Hitler” – representing over 1,000 international companies/corporations, including the CEOs of BP, Royal Dutch Shell and Total, hit town in style.
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Posted in Battle for Europe, Multipolar world | Tagged: Russian diplomacy, St. Petersburg International Economic Forum (SPIEF) | Leave a Comment »
Posted by seumasach on June 20, 2015
Asked whether Russia saw its economic future more closely bound into a China-led grouping, he added: “We are not creating a bloc-based approach. We are trying to create a global approach.”
Greek prime minister reaches out to Vladimir Putin for help in financial crisis
Guardian
19th June, 2015
Alexis Tsipras, the Greek prime minister, has made a broad overture to Russia as he seeks a way out of his country’s debt and currency impasse, telling Vladimir Putin that Greece wants new partners to help it out of the crisis.
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Posted in Battle for Europe | Tagged: Russian diplomacy, tsipras | Leave a Comment »
Posted by seumasach on June 19, 2015
Sputnik News
19th June, 2015
The Ukrainian crisis needs to be resolved, and a large alliance with Russia is needed in order to establish peace in Syria and Iraq, former French Prime Minister François Fillon told Sputnik on Friday.
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Posted by seumasach on June 19, 2015
Sputnik
19th June, 2015
The vicious circle of Western sanctions against Russia must be stopped, Greek Prime Minister Alexis Tsipras said Friday.
Posted in Battle for Europe | Tagged: end russian sanctions | Leave a Comment »
Posted by seumasach on June 18, 2015
Looking out to 2020: the return of European wars ?
GEAB
15th June, 2015
In the face of some rather worrying indicators in recent months, we have got to the point of asking ourselves the question of the likelihood of a return of European wars looking out to 2020. Actually, it’s not because our team continues to see the crisis’ exit tracks falling into place, that it doesn’t keep watch over the remaining obstacles on the path to these exits; obstacles which to us seem to be of two kinds essentially :
. first, the efforts of the world before’s masters to keep control, anachronistic conflicts and rooted in the past, caused by increasingly isolated, but also increasingly aggressive powers, amongst whose number there remains especially, but not only, the US military ;
. second, what are the « natural » sparks, likely to give birth to enormous friction between tectonic plates, the best image evoking the geopolitical rebalancing underway.
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Posted by seumasach on June 18, 2015
Bank of China becomes first Asian firm to help set London’s gold price
Telegraph
16th June, 2015
A Chinese bank will become the first Asian firm in history to join a group of Western institutions that help set the price of gold in the London market.
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Posted in Currency Wars | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on June 15, 2015
Asia Times
14th June, 2015
As reported in the weekend edition of the Wall Street Journal, there are two contending schools of thought on how to deal with China’s rise. One school is to raise the pressure in confronting China such as increasing the surveillance flights over South China Sea.
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Posted in Multipolar world | Tagged: Chinese soft power | Leave a Comment »
In These New Times 