US Secretary of State Hillary Clinton in 2007 had supposedly asked ex-Australian Prime Minister Kevin Rudd “how do you get tough on your banker?” This was over concerns about China’s growing power and hold on US finances and according to Wikileaks Rudd told Clinton to keep force as a last […]
Tag: Yuan
The New Global Economy: rise of China and decline of USA
There is a limit to economic manipulations by empires. All empires have perished due to economic hardships. The Ottoman, Soviet and the British empires were no exception in the past century. Waste was the key product of these empires. Whether the only empire – the US – understands it or […]
¥uan and Waterloo of Petro$ (II)
Part I The BRICS The BRICS met in 2013 in Durban, South Africa, to, among other steps, create their own credit rating agency, sidelining the “biased agendas” of the Moody’s/Standard & Poor’s variety. They endorsed plans to create a joint foreign exchange reserves pool. Initially it will include US$100 billion. […]
¥uan and Waterloo of Petro$ (I)
Ongoing western sanctions due Ukraine are pushing China and Russia to close cooperation – the great Eurasian axis is already in motion. Despite the headlines in mainstream western media related to civil war in Ukraine the primary war is being fought monetarily. The Russia-China Strategic Partnership (RCSP) is truly global […]
Why Washington Doesn’t Like Russia Exporting Gas to East Asia?
The world is becoming more multipolar. But the United States is only one of its poles. It has a huge navy, and it is striving desperately to gain control over all of the world’s oceans and, therefore, the major cargo routes. The United States is also the world’s financial center. […]
China-US: How to Not Work and Still Eat
Let’s assume that planet Earth’s resources are finite, mining neighboring planets is in the distant—very distant—future and the world’s population is growing at an absurd pace. That means we are facing the problem posed by the famous English preacher, Thomas Malthus. Incidentally, here we should stop and ask ourselves, “Can […]
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 […]
The Yuan’s Future Role in the Global Financial System
Alexander Salitski (Russia) The planned December 15 opening of the rouble-yuan trading in Russia is a symbolic and potentially historical event. It reflects tectonic shifts in the world’s economy and politics and accordingly promises a transformation of the global financial architecture. At the moment China’s contribution to the global economy […]
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 […]
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 […]
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