His speech comes as the Fed ends quantitative tightening (QT) while the odds of a cut at the upcoming meeting continue to climb, which is a positive for the crypto market.
The Fed ends QT today, which is a positive for the crypto market.
Chinese President Xi Jinping on Wednesday called on BRICS countries to work for high quality development of greater BRICS cooperation, in a speech addressing the 16th BRICS Summit.
The US and its President Biden has been looking sillier and sillier to America’s global audience the past months. Take the inane “Chinese spy balloon” hullabaloo the shadowy anti-China political-media network concocted in February, Pentagon just a few days ago, on June 30, now officially admits “did not collect intelligence while flying over the country.” Yet, that spy thriller concoction delayed Blinken’s “reconciliation” visit to China by five months, pushing through only on June 18.
PresidentMacron is not a king but a pawn of global finance
The current tenant of the Elysee Palace has been called by NUPES, the left coalition opposition in France, a President-King. To do so is to give him a bigger role and more power than what he has. In reality, Macron is just one of the numerous figure heads of the billionaire class that meets in Davos once a year. The power resides there, concentrated, often anonymous and always brutal in a masquerade of do-gooders. In Davos, the financial Masters of the Universe, posturing as philanthropists, have been in reality jealously protecting the complex Gordian Knot that is global capitalism. Perhaps France’s radical protesters, in their quasi insurrection form, are trying to emulate Alexander the Great by putting this giant Gordian Knot to the sword!
The “humanitarian exemptions”, on Syrian sanctions, are conditional!
The U.S. Treasury announced a decision on February 9 claiming to allow an easing of sanctions imposed on Syria for the ensuing six months until August 8, as part of “earthquake relief efforts.” The decision allows for “third parties” to transfer aid to Syria without fear of U.S. sanctions, but should only be intended for aid to earthquake-effected areas. Nonetheless, the sanctions programs applied to Syria for many years, the most severe of which are the Caesar Act (2019) and Captagon Act (2022), provide for “humanitarian exceptions,” but are conditional on U.S. approval.
So any earthquake relief effort must take place away from the Syrian state. In other words, it must contribute to undermining the sovereignty of the Syrian state, or it will not take place.
The unprecedented U.S.-led Western sanctions against Russia have been likened to economic weapons of mass destruction (WMDs) that would ultimately destroy the Russian economy. In reality, the sanctions are like a double-edged sword — they inflict pain on Russia but also impose costs on their imposers.