Posted by seumasach on February 18, 2014
The terrible truth about educational levels is another aspect of contemporary Britain which we refuse to confront along with the real state of our banks, our infrastructure, our industrial base, our public health and so on.
17th february, 2014
British schoolchildren are lagging so far behind their peers in the Far East that even pupils from wealthy backgrounds are now performing worse in exams than the poorest students in China, an international study shows.
Posted in UK economy | Tagged: bankrupt Britain, End of empire | Leave a Comment »
Posted by seumasach on February 18, 2014
The great about quantitative easing is that at the same time as providing an ongoing bailout of Wall Street it releases speculative funds to drive up food prices globally. This enables further US-backed destabilization campaigns, led by “activists” and cheer-led by the Guardian newspaper, directed against the worlds “regimes”. But these dollars are now coming home to roost with the promise of hyper-inflation in the homeland. How will our “regimes” respond?
18th February, 2014
A crowd of anti-government activists wrested free an opposition politician as he was being hauled away in handcuffs by security forces following a raid on the party headquarters of Leopoldo López, President Nicolas Maduro’s biggest foe.
Posted in Currency Wars | Tagged: dollar collapse, End of empire, quantitative easing | Leave a Comment »
Posted by seumasach on February 17, 2014
8th February, 2014
The United States has been quite vocal about its “pivot to Asia,” but as Washington seeks to further its influence in the Asia-Pacific, China has been quietly upping its own importance to Central and Latin America. Now China is making a push to further its engagement with countries in the Western Hemisphere, as evidenced by the announcement of a new dialogue mechanism. The Community of Latin American and Caribbean States (CELAC), which met in Cuba from January 28 to 29, adopted a statement announcing the establishment of a China-CELAC Forum.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), China-CELAC Forum, Chinese soft power, End of empire, The Community of Latin American and Caribbean States (CELAC) | Leave a Comment »
Posted by seumasach on February 17, 2014
16th February, 2014
The avalanche of liquidity from the Fed’s quantitative easing in 2013, allowed the world before’s tenets to wake up: indebtedness, bubbles, globalization, financialization… But all it took was a slight slowing down in the astronomical amounts injected by the US central bank every month for the rampant crisis, buried under these piles of liquidity, to reassert itself. As anticipated, the method of “resolving” the crisis by accentuating the excesses that caused it is ineffective, causing a crisis squared instead. All the same one can find an actual benefit: time is gained which everyone uses to their best advantage.
Posted in Financial crisis | Tagged: BRICS(Brazil-Russia-India-China-South Africa), dollar collapse, End of empire, QE3, tapering | Leave a Comment »
Posted by seumasach on February 16, 2014
Pepe Escobar
15th February, 2014
Just before noon on Feb. 16, 25 years ago, Lieut. Gen. Boris Gromov, top Soviet commander in Afghanistan, solemnly walked across the Friendship Bridge over the Amu Darya River into Uzbekistan. He uttered the words: “Our 9-year stay ends with this.”
Posted in Afghanistan | Tagged: End of empire | Leave a Comment »
Posted by seumasach on February 13, 2014
The Federal Reserve had been purchasing $85 billion in Treasury and mortgage-backed securities per month, but it announced that it would reduce its monthly pace of purchases to $75 billion in January and to $65 billion in February. In her testimony, Yellen reaffirmed that another reduction in the pace of asset purchases is likely to be announced at the next policy meeting in March.
Yellen cannot continue a zero-interest rate policy and continue tapering QE. QE, the systematic devaluation of the dollar, still the world’s reserve currency, has led to rising prices globally and threatens to provoke a global revolt against US finical hegemony. That is why the Fed is tapering and why interest rates will rise at some point in the none too distant future.
US Fed Chair Janet Yellen reassures Wall Street on easy money policy
Andre Damon(WSWS)
US Federal Reserve Chair Janet Yellen reassured Wall Street in her first congressional testimony Tuesday that the Fed would continue its zero-interest-rate policies into the indefinite future.
Posted in Currency Wars, Financial crisis | Tagged: dollar collapse, End of empire, QE3 | Leave a Comment »
Posted by seumasach on December 4, 2013
M.K.Bhadrakumar
4th December, 2013
The Iranian Foreign Ministry statement on Tuesday advising Kabul not to proceed with the signing of the proposed status of forces agreement [SOFA] with Washington leading to the establishment of the American and NATO military bases in Afghanistan comes at a defining moment.
Posted in Afghanistan | Tagged: End of empire, Iranian diplomacy, Russian diplomacy | Leave a Comment »
Posted by seumasach on December 4, 2013
4th December, 2013
The White House warns that a fresh effort by some US senators to impose new sanctions against Iran will send the signal that Washington negotiates in bad faith.
Posted in Global peace process, Iran | Tagged: End of empire, Iran, Obama agenda, Obama v. congress, Obama's realist turn | Leave a Comment »
Posted by seumasach on December 4, 2013
3rd December, 2013
Speaking on Lebanese OTV Tuesday night, Hizballah leader Hassan Nasrallah praised the nuclear agreement between Iran and world powers as signaling the end of the US monopoly on power and for preventing war in the region
Posted in Iran | Tagged: End of empire, Obama's realist turn | Leave a Comment »
Posted by seumasach on November 30, 2013
Posted in Financial crisis | Tagged: dollar collapse, End of empire, Global Currency Reset(GCR), new financial architecture, new financier | 1 Comment »
Posted by seumasach on November 13, 2013
12th November, 2013
Should Washington’s decision to interrupt it’s financial aid to Egypt, following General Al-Sissi’scoup d’état, be interpreted as the application of the law banning financial support to political regimes having ascended to power by violating the constitution, or as a consequences of it’s failing economy. This is the question that Thierry Messan had raised in our columns [1]. If the second hypothesis is correct, then the interruption of U.S. subsidies is comparable to the end of the USSR’s subsidies to its allies, which foreshadowed the fall of the Berlin wall, followed by the collapse of the USSR and the triumph of the United-States.
Posted in Uncategorized | Tagged: End of empire, Multipolar world, Russian diplomacy | Leave a Comment »
In These New Times 