In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘new global leadership’

Petro-Euro, money-debt, banking crisis, real economy: ten years to seal the fate of an economic-financial system

Posted by seumasach on February 18, 2016


16th February, 2016

Precisely ten years ago (to the day), in its second bulletin of February 2006[1], warning about the imminent explosion of a «global systemic crisis”, the GEAB based its opinion on the identification of two strong signs: the end of the publication of the M3 money supply indicator[2] (suggesting a start to unusual degrees of the famous “money printing” which everyone has spoken about ever since); and the Iranian oil bourse launch – a country not yet constrained by international sanctions at the time – but a stock market based on the Euro[3]. These two strong signs enabled the GEAB team of that time to say that something big was about to happen, something which was going to bring into question the foundations of the system in which the economic-financial world was living at the time: the petrodollar and money-debt system.

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Brazil sees more promising horizons with G-20 than UN Security Council

Posted by seumasach on June 22, 2010

Today’s Zaman

22nd June, 2010

A veteran career diplomat of Brazil believes that the G-20, or the Group of Twenty, is evolving into a broader forum in terms of its agenda and that its representation is far wider than the UN Security Council.

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China discovers value in the IMF

Posted by seumasach on June 11, 2009

Peter Lee

Asia Times

10th June, 2009

China’s fraught relations with the International Monetary Fund are driven by two conflicting agendas – the country’s effort to gain unimpeded access to resources in the developing world on bilateral terms, and its interest in using the IMF’s facilities as a international organization to issue Special Drawing Rights (SDR) assets to help Beijing diversify away from the US dollar.

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The G20 wind egg

Posted by seumasach on April 10, 2009

Here is some cheering news: as suspected Brown’s much vaunted global stimulus amounts to practically nothing. William Buiter has done us the honour of putting his considerable expertise to debunking this particular piece of New Labour hype. As we have predicted for some time institutions like the IMF are now blocked from the point of view of the machinations of Brown’s New World Order brigade. It remains for Washington and London to desist from further, fruitless attempts to impose their hegemony and instead dismantle their empire, and for new global leadership to emerge based on the rising poles to the South and East, such as China, Iran and Bolivarist South America.


The green shoots are weeds growing through the rubble in the ruins of the global economy

William Buiter


8th April, 2009

The global stimulus associated with the increase in IMF resources agreed at the G20 meeting earlier this month will be negligible unless and until these resources actually materialise. The statements, declarations and communiqués of the G20, including the most recent ones highlight the gaps between dreams and deeds.

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11th September 2001: a Global Provocation

Posted by seumasach on March 18, 2009

Leonid Ivashov

17th March, 2009

Translation at foot of each paragraph

Politologue russe influent, issu des milieux nationalistes, le général Léonid Ivashov était chef d’état-major des armées le 11 septembre 2001. Ce jour-là, il avait placé ses satellites en alerte pour observer les manœuvres militaires aériennes annoncées aux USA, mais c’est un tout autre spectacle auquel il fut confronté. Au vu des analyses de cet événements par ses experts, il a écarté l’hypothèse Al-Qaïda et conclu à une provocation de l’élite financière anglo-saxonne.

[Influential Russian political scientist, of the nationalist school, Leonid Ivashov was Chief-of-Staff of the Russian armed forces on September 11th. On that day, he placed his satellites on alert to observe the announced US air force military manoeuvres, only to be confronted with something quite different. After an analysis conducted by his experts, he discarded the Al-Queda hypothesis and concluded that it had been an Anglo-saxon provocation.]

Sur cette base, il développé la vision stratégique russe du monde post-11-Septembre. Nous reproduisons ici un de ses articles, représentatif de sa pensée et de celle des officiers supérieurs russes. Le lecteur sera surpris de constater que ce qui est considéré comme un délire dans les pays de l’OTAN est une vérité d’évidence en Russie, comme d’ailleurs dans de nombreux autres régions du monde. Au-delà de la question d’établir la vérité, l’honnêteté intellectuelle exige de comprendre et d’accepter la relativité des points de vue. Cet article sera particulièrement précieux pour les militaires français au moment où le ministre de la Défense a engagé une chasse aux sorcières contre les enseignants de l’École de guerre qui ont osé rendre compte de la diversité des interprétations du 11-Septembre.

[On this basis, he developed a Russian strategic vision for the post-9/11. We reproduce here one of his articles, representative of his thinking and that of his superior officers. The reader may note that that which is taken for a delirium in the NATO countries is regarded as self-evident truth in Russia, as in other areas of the world. Beyond the question of establishing the truth, intellectual honesty demands the understanding and accepting of other points of view. This article will be particularly valuable for the French military at a moment when the Defense department is conducting a witch hunt against teachers at the War College who dare to present alternative interpretations of 9/11.]

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Business as usual at IMF

Posted by seumasach on March 17, 2009

Crise économique : le FMI persiste et signe

14th March, 2009

Translation at foot of each paragraph

Pourquoi changer une politique qui conduit à la faillite, lorsque les victimes sont les autres ? Telle est la question qui se pose au Fonds monétaire international et à laquelle il ne répondra pas. Au contraire, sous la houlette de Dominique Strauss-Kahn, le FMI entend utiliser la crise pour réduire. un peu la marge de manœuvre des États pauvres. Pour Damien Millet et Eric Toussaint, responsables du CADTM (Comité pour l’annulation de la dette du tiers-monde), il faut dissoudre sans attendre une institution internationale qui a conçu ses prêts comme un moyen de domination.

[Why change policies which led to failure, when the victims are others? This is the question the IMF fails to answer. On the contrary, under the leadership of Dominique Strauss-Kahn, the IMF aims to use the crisis to limit the room for manoeuvre of the poorer states. For Damien Millet and Eric Toussaint of the CADTM(Committee for the Cancellation of the Third-World Debt) we must dissolve this institution which uses debt as an instrument of domination.]

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IMF, World Bank must be fair to big developing nations – Medvedev

Posted by seumasach on March 14, 2009

MOSCOW, March 14 (RIA Novosti) – International financial organizations should be more fair in their treatment of the countries with the largest developing economies, including to Russia, President Dmitry Medvedev said on Saturday. Read the rest of this entry »

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The Brown plan for global oligarchy

Posted by seumasach on March 1, 2009


Here, New Labour mouthpiece, Will Hutton, gives a fairly comprehensive outline of the Brown plan, a “global new deal”. This involves using the UN. IMF, World Bank and EU to spearhead the kind of policies already put into the practice in the US/UK i.e. massive handouts to financier interests and the bankrupting of the nation state. Brown understands that reform is necessary within organisations like the IMF, UN etc. In other words, in order to maintain their credibility some other nations must be given a place in the inner circle. This not the kind of refoundation of global organisations we need for the new multipolar world.

“But now, more than ever, we need a stronger, free-trading EU with pan-EU financial regulation that speaks with one voice as a core constituent of a new order.”

This is a reference to already existing plans to create a huge trans-Atlantic free trade area. It is also in this context, and this alone , that we should understand Mandelsohn’s pro-Euro sentiment.

Will Hutton


1st March, 2009


This week, Gordon Brown becomes only the fifth British prime minister to address both American houses of Congress. He will speak against the background of the gravest economic times in living memory. Each of his listeners will know that, without massive American government support, both the US banking system and its car industry would now be bust. Instead of unemployment rising by a sickening 600,000 a month, it would be going up by more than a million.

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The Need for Global Leadership- Part 2

Posted by seumasach on February 21, 2009

Cailean Bochanan

22nd February, 2009

The latest GEAB report poses in the sharpest possible terms the crisis of global leadership. Indeed, it concludes that the chances of effective global counter-crisis action are now negligible and that we are near to entering a phase of “global dislocation” at the end of which “the world will look more like Europe in 1913 rather than our world in 2007.”

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