We have already noted at the mayhem of 2011 Middle East-North Africa protests that Muammar Gaddafi fighting pro-Al-Qaeda Islamists is now replacing Ben Laden as incarnation of ‘absolute Evil’ in mainstream media. On May 1, 2011 we got a logical consequence of this political trend: President Obama has declared Osama […]
Tag: US Dollar
Can BRICS Soften Dollar Crisis?
On April 10, in an interview with a CNN host and political observer Fareed Zakaria, the former secretary of state James Baker, when he was speaking about the current global changes, said the following: “The biggest challenge facing the U.S. isn’t turmoil in the Arab world. It’s our debt bomb”. […]
Geopolitical Implications of the World Economic Crisis
Introduction The world economic depression is a dire threat to the national security of the United States. To date, little or nothing has been done to address the causes of the depression and rebuild the economy. With the lack of leadership and vision in the western world, the depression will […]
BRICS and the Mission of Reconfiguring the World
More than ever over the past decade, geopolitics watchers whose approach to international developments is – in line with the projections made by founders of the school of thought N.Ya. Danilevsky, O. Spengler, and A.J. Toynbee – premised in the assumption that distinct civilizations will overshadow countries and ethnic groups […]
Libya: ‘Winged Democracy’ in Critical Tail-Spin
Global war-mongers are seemingly in deep frustration. Despite huge investments in ‘people opposition movement’, disinformation campaign and eventual direct foreign intervention in Libya, the ‘anti-Gaddafi project’ has come to obvious deadlock. That looks quite surprising. Regular Libyan army beats the ‘rebels’ despite three weeks of constant NATO bombardments and heavy […]
China and US: a Clash of Interests
Strategic Culture Foundation (Russia) Two events which had been anticipated for quite long took place in the U.S. shortly before the G20 summit in Seoul. On 2 November the Democrats lost control of the House of Representatives, and on 3 November the U.S. Federal Reserve announced that it would pump […]
US Could no Longer Save World Economy
Mikhail Khazin (Russia) The Marshall Plan era had already passed. The US is no longer able to save the world economy. It can be proved by the contemporary system of the division of labor. Meanwhile, it explains why China’s abilities are limited and it is not capable of boosting the […]
This Is How the Old World Ends
Maksim Kalashnikov (Russia) The second global crisis tsunami: the Group of Seven and Greece. When will the national debt bubble burst? The national debts of the rich Western countries are growing rapidly. The IMF has sounded the alarm: they will reach 110% of total GDP by 2014. The forecasts of […]
Yuan, Dollar, and the Future of Global Leadership
Elena Pustovoitova (Russia) The US Congress finally ran out of patience after years of coercing China into the yuan appreciation and passed a bill authorizing the US Chamber of Commerce to slap punitive duties on Chinese imports. The very next day Beijing responded by propelling the yuan to the dollar […]
US Dollar vs. Yuan: Reasons Behind the Conflict
Alexander SALITZKI (Russia) Debates between the US and China over the valuation of the yuan are currently gathering momentum. A new campaign of pressure on Beijing is initiated by the US Congress which proposed a bill authorizing the government to slap duties on China’s imports based on the view that […]
Economic Justification For America’s Next War
December 2007 was the start of the global recession which after 21 months would be termed as the Great Recession. The consensus of a recovery is in doubt in spite of the massive stimulus from USA, Europe, Japan and Canada. Bernanke on 21 July 2010 “warned” Congress that the economic […]
The Impending Economic Defeat of the West
Credit Default Swaps (CDS)—what are they? They’re compared to like buying fire insurance on your neighbour’s house — you create an incentive to burn down the house. Except its not the neighbour’s house but the debt the neighbour has taken on. The higher the debt, higher will be the insurance […]
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