Over three decades, the value of energy China extracts from its domestic oil, gas and coal supplies has plummeted by half. China’s economic slowdown could be a key trigger of the coming global financial crisis, but one of its core drivers — China’s dwindling supplies of cheap domestic energy — is little understood by mainstream economists.
Saudi Crown Prince Mohammed Bin Salman has been caricatured by friends and foes alike who either depict him as a noble reformer or a bloody tyrant, but the reality is that he’s actually both and that’s why Great Powers from America to China and even Russia are competing to court him.
Unsubstantiated allegations about the interference of “Russian hackers” in the US presidential election and about China’s industrial espionage against American companies might someday look like a naive example of much ado about nothing, compared with what Washington is about to plunge into.
The global macroeconomic consequences of the escalating US-China trade war may not, in itself, be that big according to some economists. US traders have remained largely unfazed by the trade war, and few are concerned at this stage about the overall impact on the global economy’s GDP growth.
In this instance, despite the New Cold War between the US and China, simply branding the broadcasts that might be made out of the Mexican radio station by the Hong Kong-based company as “propaganda” wouldn’t suffice in getting Americans to ignore them because some folks could actually become more attracted to these messages because of it.
Whatever China’s intentions are – and they certainly don’t have anything to do with locking Israel into a “debt trap” or spying on its submarines – the controversy over this agreement nevertheless points to the fact that there are two geopolitically competing “deep state” factions in Israel.
The message from eastern Siberia was clear: Washington’s reckless hostility and bellicosity is causing its foes to band together. A full third of the Russian Army just moved from Europe to the Far East for the war games. The Chinese dragon of which Napoleon warned is awakening.
China was wise enough to not overreact and fall into the trap that was being prepared for it, but the incident must have alerted it to the likelihood that a third party – presumably the US – is working through shadowy channels in order to engineer scenarios for damaging its ties with Kenya and probably other African countries as well.
A compromise will probably be reached in the coming future whereby India earns a waiver from the US’ CAATSA sanctions per the National Defense Authorization Act of 2019’s clause that this is possible if it either reduces its overall purchase of Russian weaponry or cooperates with America on other issues critical to its strategic interests.
The only way for the American “deep state” to protect its interests and retain control of the domestic narrative is to paradoxically go against its publicly stated values of openness, free speech, and the marketplace of ideas.
This global power play is undoubtedly more consequential than China turning the screws on a tiny country to abandon Taiwan, though the Mainstream Media deliberately does everything it can do to distract from it.
Nepal’s present government isn’t comprised of Hindu traditionalists but of secular communists, though they understand the long-term challenge that foreign-backed religious minority organizations can pose to national stability.