In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘End of empire’

War profiteers and the demise of the US Military-Industrial Complex

Posted by seumasach on July 22, 2019

Dimitri Orlov

Club Orlov

16th July, 2019

Within the vast bureaucratic sprawl of the Pentagon there is a group in charge of monitoring the general state of the military-industrial complex and its continued ability to fulfill the requirements of the national defense strategy. Office for acquisition and sustainment and office for industrial policy spends some $100,000 a year producing an Annual Report to Congress. It is available to the general public. It is even available to the general public in Russia, and Russian experts had a really good time poring over it.

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De-dollarizing the American financial empire

Posted by seumasach on July 15, 2019

Interview with Michael Hudson

Guns and Butter

7th July, 2019

Economist Michael Hudson continues his discussion of Super Imperialism: The Economic Strategy of American Empire with a focus on US monetary imperialism; President Trump’s demand for lower interest rates undercuts America’s requirement for foreign investment to fund its domestic and balance of payments deficit, increases the carry trade and turns IMF and World Bank policies on the US; analysis of US economic domination of the world from its position as the world’s largest creditor post-WWI; analysis of US economic domination of the world from its position as the world’s largest debtor after the 1971 close of America’s gold window; emergence of the dollar-debt standard; how war has bankrupted the US; the difference between imperialism and super imperialism; US bribes foreign governments; China’s banking system; China and Russia stockpile gold as the world breaks out of dollar domination.

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Reporter Sharmine Narwani on the secret history of America’s defeat in Syria

Posted by seumasach on April 30, 2019

“The U.S. was already exiting the Middle East before the so-called “Arab uprisings” kicked off. Whoever in the U.S. national security apparatus made the decision to stick around and redirect these uprisings against regional adversaries made a colossal mistake. I want to write about this one day because it’s important. I believe the Syrian conflict constitutes the main battlefield in a kind of World War III. The world wars were, in essence, great-power wars, after which the global order reshuffled a bit and new global institutions were established.

Look around you now. We have had a reshuffle in the balance of power in recent years, with Russia, China, Iran in ascendance and Europe and North America in decline. That’s not to say that Washington, London or Paris don’t have levers left to pull: They do. But it is on the back of the Syrian conflict that a great-power battle was fought, and in its wake, new international institutions for finance, defense and policymaking have been born or transformed.

I’m not just talking about the strengthening of the BRICS [Brazil, Russia, India, China, South Africa], the Shanghai Cooperation Organization, the Asian Infrastructure Investment Bank, the Eurasian Union, etc. I mean the world’s networks are shifting hands, too. What will happen to Western-controlled shipping routes now that Asia has started to build faster, cheaper land routes? Will the SWIFT [bank messaging] system survive when an alternative is agreed upon to bypass U.S. sanctions everywhere? There are so many examples of these shifts. It’s not to say that they are due to events in Syria, but rather that Syria triggered the great-power battle that unleashed the potential of this new order much more quickly and efficiently.

Keep in mind that World War III was never going to be like the other two conventionally fought wars…. It was always going to be an irregular war that would escalate on multiple fronts — not just regime change events, but financial pressures, sanctions, propaganda, political subversion activities, destabilization, increased terrorism, proxy fights and so on. The battle for global hegemony really began to unfold over Syria, though, when the Russians, Iranians and Chinese decided to draw a line and put up a fight. The world changed after that.”

Interview with Patrick Lawrence

Salon

21st April ,2019

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Merkel draws the line against Trump

Posted by seumasach on February 25, 2019

Tom Luongo

21st february, 201

German Chancellor Angela Merkel has turned the corner on relations with the United States. Her speech at the Munich Security Conference should be considered Germany’s divorce filing from the U.S.-led post-WWII institutional order.

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Russia phasing out US dollar in military contracts

Posted by seumasach on December 25, 2018

The Duran(source:RT)

24th december, 2018

Moscow is dropping the greenback in major arms deals and switching to the Russian ruble and the national currencies of its partners, according to the country’s trade minister Denis Manturov.

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Trump’s Syrian pullout is a game changer

Posted by seumasach on December 20, 2018

M.K.Bhadrakumar

Indian Punchline

20th december, 2018

The US President Donald Trump’s announcement on Wednesday regarding the withdrawal of American military from Syria has predictably run into strong headwinds in the Washington Beltway. A formidable coalition appeared overnight – comprising the Deep State, US defence and security establishment, leading members of the Congress, major media organs –branding Trump as a maverick. However, the fact of the matter is that Trump made a considered decision.

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Hammond threatens EU with aggressive tax changes after Brexit

Posted by seumasach on December 15, 2018

It is clear now that the meaning of this statement has to be revisited in the light growing American hostility to UK financial interests culminating in Trump’s election and  embodied in his tax reforms, and the growing campaign to render British Overseas Territories more transparent finally concretised in 2018 legislation. Dodgy financial operations are not only under threat by EU regulations but by US competition. and have been for some time. Hence the need for a deepening of the City of London’s role as a haven for illicit money flows.

Guardian

15th January, 2017

The chancellor, Philip Hammond, has suggested Britain could transform its economic model into that of a corporate tax haven if the EU fails to provide it with an agreement on market access after Brexit.

In an interview with the German newspaper Welt am Sonntag, Hammond said that if Britain were closed off from European markets after leaving the EU, it would consider abandoning a European-style social model with European-style taxation and regulation systems, and “become something different”.

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The China trade reality show

Posted by seumasach on December 4, 2018

The rise of China to global economic dominance is indeed unstoppable: the question is whether the USA can engage constructively with China and share to some degree in the success or whether it will fall into 4th world status.

David P.Goldman

Asia Times

4th december, 2018

For at least a month, there has been no doubt that Presidents Donald Trump and Xi Jinping would agree to agree at the Buenos Aires summit. The threats, remonstrations and hints of high officials were for the most part scripted. Buenos Aires was less negotiation than reality show.

When the dust settles, America and China will have a deal that allows Trump to claim victory and allows China to become the world’s dominant economy.

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Trump opens way for China deal

Posted by seumasach on December 4, 2018

Cailein Bochanan

4th December, 2018

The G20 summit meeting between Trump and Xi has ended on an upbeat with the declaration a  truce  and a 90 day period in which to consolidate a deal. Xinhua has welcomed  what it describes as a consensus in rather glowing terms

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US can avoid Afghan quagmire with Russia’s help

Posted by seumasach on November 19, 2018

M.K.Bhadrakumar

Strategic Culture

15th November, 2018

The most significant remark made by Foreign Minister Sergey Lavrov at the second meeting of the Moscow format consultations on Afghanistan held in the Russian capital on November 9 was when he said, “We must not think in terms of geopolitical games, which can only make Afghanistan an area of international rivalry with grave consequences for the people of Afghanistan and their neighbours.”

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Iran sanctions, emerging markets and the end of dollar dominance

Posted by seumasach on August 30, 2018

Brandon Smith

Birch Gold

The trade war is a rather strange and bewildering affair if you do not understand the underlying goal behind it. If you think that the goal is to balance the trade deficit and provide a more amicable deal for U.S. producers on the global market, then you are probably finding yourself either confused, or operating on blind faith that the details will work themselves out.

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