In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘End of empire’

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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Turkey’s crisis and the dollar’s future

Posted by seumasach on August 27, 2018

Alastair MacLeod

Mises Institute

22nd August, 2018

 

Last week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge quantities of footloose dollars betting against these weak currencies, as well as commodities and gold, on the basis the long-expected squeeze on dollar liquidity is finally upon us.

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Time has come for Russia to finally ditch US dollar

Posted by seumasach on August 25, 2018

RT

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.

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Russia finance minister: We may abandon dollar in oil trade

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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Russia sells off record amount of US Treasury bonds

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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Trump tries to destroy the West

Posted by seumasach on June 11, 2018

“A secret plan to break up the West would also have the United States looking for new allies to replace the discarded ones. The most obvious would be Russia”

The most obvious would be China. Trump wants the factories back home which means in practice Chinese inward investment: China would invest directly into the USA rather than sell directly. This makes sense of Trump’s tariffs which would otherwise just be destructive. It’s true that the USA has a tradition of developing industry behind tariff barriers but that requires investment. At the end of the 19th century that came largely from Britain: now it can only come from China. At the same time, if the peace process with North Korea is successful China will come out in good light facilitating the above process. Trump has turned the world upside down. Can he put it together again?

NYT

10th June, 2018

The alliance between the United States and Western Europe has accomplished great things. It won two world wars in the first half of the 20th century. Then it expanded to include its former enemies and went on to win the Cold War, help spread democracy and build the highest living standards the world has ever known. President Trump is trying to destroy that alliance.

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How Singapore, Astana and St Petersburg preview a new world order

Posted by seumasach on June 6, 2018

Mahbubani states the obvious: “The era of Western domination is coming to an end.” Western elites, he adds, “should lift their sights from their domestic civil wars and focus on the larger global challenges. Instead, they are, in various ways, accelerating their irrelevance and disintegration.”

Pepe Escobar

Asia Times

6th June, 2018

Ahead of the crucial Shanghai Cooperation Organization (SCO) summit in Qingdao this coming weekend, three other recent events have offered clues on how the new world order is coming about.

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Putin and Abe agree to move forward on economic cooperation

Posted by seumasach on May 27, 2018

The noisy American retreat from the post-war international system which it itself dominated has opened multiple opportunities for the creation of a new international order and the resolution of geopolitical problems frozen in time. Here we are seeing the possibility of finally getting a Russia-Japan peace treaty for the second world war. Along with the emergence of an independent Europe. the sinking into irrelevance of NATO, the convergence of Germany and Russia /China and the definitive end of the cold war the ground is being laid for the unification of Eurasia, the world island as Mackinder put it. In other words, the end of the Anglo-American maritime empire as they themselves defined it.

Frank Sellers

The Duran

27th May, 2018

Russian President Vladimir Putin and Japanese Prime Minister, Shinzo Abe, met in Moscow today to discuss a trio of topics, namely economic cooperation, the North Korea peace agreements that might be in the works, which both parties support, and the Southern Kuril islands issue.

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