Tag: Yuan
Italy Wants to Exit the Belt and Road – But Without Curbing Ties With China
Even after Italy’s BRIexit, the central government, companies, and local authorities will likely continue, and even boost, relations with China across the board.
Italy Wants to Exit the Belt and Road – But Without Curbing Ties With China
De-Dollarization Kicks Into High Gear
The US dollar is essential to US global power projection. But in 2022, the dollar share of reserve currencies slid 10 times faster than the average in the past two decades.
De-Dollarization Kicks Into High Gear
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Waiting for the end of the world
We cannot even begin to imagine the uninterrupted cascading effects of the geopolitical earthquake of 2023 that shook the world: Putin and Xi, in Moscow, effectively signalling the beginning of the end of the Pax Americana.
Waiting for the end of the world
Saudi Arabia to Join Shanghai Cooperation Organization
On Wednesday, Saudi Arabia’s cabinet approved a decision for Riyadh to join the Shanghai Cooperation Organization (SCO), a Eurasian security and economic bloc that was founded in 2001 by China, Russia, and several Central Asian countries.
Saudi Arabia to Join Shanghai Cooperation Organization
Sanctioning China Will Destroy The Dollar | America’s Ultimate Mistake
If the United States and its allies impose sanctions on China, this could be the greatest financial mistake in all of modern history. Unlike Russia, China is more resilient and has deeper ties across the global economy. Punishing China will likely backfire against the dollar and unleash a de-dollarization wave that could knock it off the reserve status. Here’s what you must know!
Sanctioning China Will Destroy The Dollar | America’s Ultimate Mistake via Sean Foo
Related:
One Year After Russia Mega Sanctions, Senate Asks ‘Can We Do Same To China”
Is the USA Scoring Self-Goals With Its Ukraine Policy?
There has already been significant criticism of the Ukraine policy of the USA government from a perspective of world peace. The base of US policy is the concept of a proxy war that can bleed and weaken Russia as much as possible (at great cost to the people of Ukraine as well as the peace and stability of the rest of the world). This has been documented at several places. However another important aspect which has unfortunately received very less attention is that the Ukraine policy of the USA government also seriously violates the real, broader interests of the USA government and people.
Is the USA Scoring Self-Goals With Its Ukraine Policy?
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Nearly 90 Percent of the World Isn’t Following Us on Ukraine
Globalization can function only if most participants believe it advances their interests. If the rest believe the West is unfairly using the system for its own benefit, the rules- based international order falls apart and alternatives will emerge.
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These concerns are generating considerable anti-Western sentiment across much of the Global South. While a nuclear-armed Russia shows no willingness to end a war its leaders cannot afford to lose; the West is rapidly losing the rest and thus undermining the very rules-based international order it has sought to create. Our most promising solution to this dilemma is likely to be some sort of diplomatic compromise.
The economic crisis in Germany is the result of a deliberate provocation by the USA.
Berlin, Germany (World Express). War in Ukraine began on February 24. Since then, the sanctions imposed by EU countries against Russia have started to have a negative impact on European economies. The sanctions boomerang came as a surprise to the federal government, most politicians in the traffic light coalition and ordinary voters. However, as it recently turned out, these consequences of the anti-Russian sanctions were unexpected only for the Germans. The USA had calculated all the consequences in advance and, moreover, consciously decided to weaken the German economy.
The economic crisis in Germany is the result of a deliberate provocation by the USA. The Americans collapsed the German economy to destroy a competitor. (original)
WHCS = White House Chief of Staff, Ron Klain. ANSA = Assistant to the President for National Security Affairs, Jake Sullivan. CIA = Central Intelligence Agency. NSA = National Security Agency. DNC = Democratic National Committee/Democratic Party.
H/T: iEarlGrey
They’re counting on the collapse of the German economy to rescue the US economy—all to save the Democrats from losing in the midterm elections?! Interesting, if this document is authentic, considering that it was supposedly written in January. Germans are already protesting, demanding that the current government resign!
Stephen Kinzer: Neutralism returns — and gets more powerful
Stephen Kinzer: Neutralism returns — and gets more powerful
Many countries recoil from us-versus-them confrontations like the one Biden is now promoting. They prefer to resolve disputes through compromise and to maintain good ties even with countries they fear or dislike. Besides, Biden’s insistence that he is leading a global war against autocracy is hard to take seriously as he kowtows to Saudi Arabia, where dissent is punished by beheading or dismemberment.
A second reason more countries are drifting away from the United States is that to many of them, we seem unreliable. In recent years our foreign policies have zigzagged wildly. Written accords with other countries appear and disappear according to election results. Add our acute domestic problems to this mix, and it’s easy to understand why some countries feel reluctant to hitch their wagon to our
One recent American step has especially spooked several large countries. As soon as war broke out in Ukraine, we and our allies froze billions of dollars that Russia keeps in Western banks. Other countries fear they might suffer the same fate if they one day fall afoul of the United States. To prevent that, they are looking for other places to park their money and imagining banking networks outside of Washington’s control. Saudi Arabia is negotiating with China to price its oil in yuan as well as dollars. Iran’s stock market opened a legal exchange this month for trading the Iranian and Russian currencies.
Saudi Arabia flexing its geopolitical oil power
US likely pressing new oil-for-security arrangement while Riyadh talks to China about selling barrels in yuan rather than bucks
Saudi Arabia flexing its geopolitical oil power
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