Grain production is up, but wells are going dry from the unsustainable use of irrigation water.
In recent years about 27 million wells have been drilled, chasing water tables downward in every Indian state. Even the typically conservative World Bank warned in 2005 that 15% of India’s food was being produced by overpumping groundwater. The situation has not improved, meaning that about 190 million Indians are being fed using water that cannot be sustained. This means that the dietary foundation for about 190 million people could disappear with little warning. Continue reading
China’s leadership will soon usher in bold reforms to support a domestic consumption-driven economic model, and globalizing the renminbi as an alternative store of wealth to the US dollar is at the center of the strategy.
The scathing commentary published by China’s state-owned Xinhua news agency calling for a ‘de-Americanized world’ was undoubtedly music to the ears of many in the developing world. The article – published during the recent fiscal deadlock – accused Washington of abusing its superpower status by engaging in unwarranted military conflicts, engineering regime changes with impunity, and mishandling its status as the issuer of the world reserve currency by exporting risk abroad. Xinhua’s commentary also called for drastic reforms of the IMF and World Bank to reflect the growing muscle of the developing world, and most significantly, “the introduction of a new international reserve currency that is to be created to replace the dominant US dollar.” Continue reading
The following is an article published originally in German, translated in the best way Google can offer. Because this is fresh off the German press, don’t expect it to hit American news outlets until another week or so — and likely not on the major national outlets.
When the BIS speaks, markets listen. This is essentially a jaw dropper of an announcement. They realize that all the QE heroin injections are not working and that there is no way to financially turn the American economy around — it’s mathematically impossible. They also know that the US financial leadership knows. The day of reckoning is near and it’s not just the US that will be affected and, although it will suffer the worst, the entire world over is going to go through a change unheard of in its entire history.
(Für die Lesern, dass deutschen sind, klicken Sie bitte auf dem original Link.)
The Bank for International Settlements (BIS) is the current situation on the financial markets as worse than before the Lehman bankruptcy. The warning of the BIS could be the reason why the U.S. Federal Reserve decided to continue indefinitely to print money: Central banks have lost control of the debt-tide and give up.
The decision by the U.S. Federal Reserve to continue indefinitely to print money (here ) might have fallen on “orders from above”.
Apparently, the central banks dawns that it is tight.
The most powerful bank in the world, the Bank for International Settlements (BIS) has published a few days ago in its quarterly report for the possible end of the flood of money directly addressed – and at the same time described the situation on the debt markets as extremely critical. The “extraordinary measures by central banks” – aka the unrestrained printing – had awakened in the markets the illusion that the massive liquidity pumped into the market could solve the fundamental problems (more on the huge rise in debt - here ). Continue reading
According to the World Bank, Tajikistan is more dependent on remittances than any other country in the world. Last year migrant workers sent home the equivalent of 47% of Tajikistan’s GDP. Perhaps half of working-age males are abroad, most in Russia. Kyrgyzstan is third in the World Bank’s rankings, behind Liberia. One-fifth of its workforce are migrant workers.
The economic dependence of these two countries gives their former imperial master great influence. Whenever it is unable to wangle a favourable deal for a military base abroad, or it wants to play up nationalism at home, Russia threatens to introduce visas for Central Asians. And though Russia needs cheap labour, Tajikistan and Kyrgyzstan need jobs much more. Continue reading
The BRICS member-countries have come close to establishing a reserve bank which will operate as a stabilization fund, Chinese Finance Minister Chen Zhu Guangyao said. Should such a fund be set up, it will prove helpful in restricting the dollar’s influence on the developing countries’ economies, experts say. Continue reading
Russia has overtaken Germany as the fifth largest economy in terms of purchasing power parity, according to the latest World Bank ranking that measures 214 economies based on their 2012 GDP performance.
Russia’s oil and export driven economy is ranked fifth amongst the top ten economies in the world with $3.4 trillion in GDP. In 2011, Germany surpassed Russia in GDP with $3.227 trillion compared to Russia’s $3.203 trillion. In 2005, Russia was in eighth place.
Rank Country Purchasing Power Parity 1 United States $15.6 trillion 2 China $12.4 trillion 3 India $4.8 trillion 4 Japan $4.5 trillion 5 Russia $3.4 trillion 6 Germany $3.3 trillion 7 Brazil $2.4 trillion 8 France $2.4 trillion 9 United Kingdom $2.3 trillion 10 Mexico $2.0 trillion
The report was published last week in an annual ranking of GDP. The World Bank also updated their ranking of countries in terms of gross national product (GNP) per capita, grouping Russia in the ‘high income’ nation block, with individual yearly income of $12,616 or more. Continue reading
Although the article has a point and the population is truly in decline, Germany should not be counted out. Germans have the know-how, a very modern infrastructure, are still the most industrious and forward thinking people with a vision that no other on the European continent has or can be compared to. It didn’t literally give its manufacturing base to the Chinese.
Germany has peaked. Its hegemony in Europe is a “power illusion”, a confluence of fleeting advantages soon to be overwhelmed by the delayed effect of error and the crush of historic forces.
If demography is destiny, it may be clear within five years that ageing Germany is going the way of Japan. Within 20 years it may equally be clear France and Britain are regaining their 19th century role as the two dominant powers of Europe, albeit a diminished prize. Continue reading
China and Brazil agreed to trade in each other’s currencies just hours ahead of the BRICS summit in South Africa.
The deal, which extends over a three-year period and amounts to an exchange of about $30 billion in trade per year, marks the latest effort among two of the world’s largest emerging economies to shift the dynamics of international trade that have long favored the U.S. dollar. Continue reading
The leaders of the so-called BRICS nations — Brazil, Russia, India, China and South Africa — are set to approve the establishment of a new development bank during an annual summit that starts today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises. Continue reading
The veterans of Russia’s KGB/FSB were chuckling to themselves, no doubt, as Russian President Vladimir Putin (right) announced his pleasure at Russia’s assumption of the presidency of the Group of Twenty (G20)* nations for 2013. Putin’s “strategic agenda proposed by Russia for the G20 in 2013” is loaded with favorable references to the FSB. The FSB acronym in Putin’s “strategic agenda” is not a reference to the dreaded Russian secret police (successor to the Soviet KGB and its earlier incarnations as the NKVD and the Cheka), however; it is a reference to the Financial Stability Board, a new institution created by the G20 leaders in 2009, ostensibly to deal with the economic crisis.
Nevertheless, the “coincidence” of choosing a name for this new, secretive global financial police with the same acronym as the Putin’s feared agency is oddly apropos. The G20’s FSB is a shadowy financial power that is headquartered inside another even more secretive, shadowy global financial powerbase, the Bank for International Settlements (BIS) in Basel, Switzerland.Despite repeated appeals to accountability and transparency in the FSB Charter, the FSB — like the BIS and the Central Banks whose heads compose the Plenary that governs the FSB — operates in murky opaqueness, outside the controls of the U.S. Congress, national parliaments, or any constitutional constraints. Continue reading
ALBA professes commitment to regional economic integration. It promises easy money to beleaguered nations, and is viewed as an easy alternative to the bureaucracy encumbering the World Bank.
A closer look, however, reveals it to be a bloc devoted above all to anti-Americanism, and comprised of members who have rigged elections to avoid losing power.
Moreover, membership in alba brings countries into common cause with the world’s most destabilizing nations and most malicious terrorist groups. The organization has forged ties with Middle Eastern terrorists that could pose a serious threat not only to Latin American countries, but also to the U.S. and Canada.
The man most responsible for alba’s spread is Hugo Chávez. His checkbook has wide ideological and cultural appeal in Latin America and the Caribbean. Chávez gave nearly $200 million to Manuel Zelaya’s government in Honduras to help his illegal attempt at re-election. Every year, he gives Nicaraguan President Daniel Ortega around $500 million in “free” money to prop up his dictatorship.
Under alba’s umbrella, leading politicians have become the Caribbean’s and Latin America’s new breeders of crime. And since politicians at the highest levels are in on the action, reporting on alba-Hezbollah ties is rare. But some reports fight their way through the conspiratorial haze.
In August of 2008, for example, the Los Angeles Times reported that an unnamed Western official had said Venezuela was providing Iran-backed Hezbollah with a base of operations. The official warned that Hezbollah is able to move “people and things” into Latin America thanks to the warm Iran-Venezuela relationship. He said this link “preserves the capability of Hezbollah and the [Islamic] Revolutionary Guard [Corps] to mount attacks inside Latin America,” and added “It’s becoming a strategic partnership.”
“There is a Chávez terror network on America’s doorstep,” says Rebecca Theodore, senior editor of Caribbean News Now.
Theodore said the danger of terrorists entering the U.S. via Latin America and the Caribbean is imminent. “It won’t be long before Iranian terrorists with Venezuelan and Dominican passports stand in line and show their documents to U.S. border agents as well,” she said.
The thickening alliance between anti-U.S. alba nations and West-hating terrorist groups like Hezbollah casts dark shadows across both Americas. It reveals that the Middle Eastern extremists who oppose the U.S. are becoming better connected, more powerful, and closer to America’s borders. It also reveals that U.S. influence is rapidly waning in a region it relies on heavily for industrial cooperation.
Full article: The Unholy Union of ALBA and Hezbollah (The Trumpet)
The world is beginning to undermine and move forward without the Dollar. The US is clearly (and quite literally) on borrowed time.
In contemporary world the real indicator of state power is economy rather than territory, population or army, days of physical warfare are long gone, now is the era of economic warfare. Economy determines the destiny and position of states in international politics. The phenomenon of interdependence in international economy has modified the concept of sovereignty, Terms such as sovereignty are irrelevant to countries with weak economies, and sovereignty cannot be protected unless a country is self-sufficient with no dependency on any other country. One can see that leading countries in contemporary world having a strong position in world affairs are countries with huge economies at their back. Economically powerful countries Such as the United states use organizations like World bank and International Monitory Fund (Which are described by many economists as modern tools of colonization) to further their agenda and influence the policies of strategically important but economically weak countries, there is a very well known phrase in economics that aid of any kind is never without strings attached to it. One of the preeminent things that have happened at December 26, 2011 was the Sino Japan currency deal. Sino Japan deal is the beginning of direct trading in their currencies. Currently yen Yuan are not convertible and for trade between two countries need to buy Dollars that adding up extra expenses. China is the biggest trading partner of Japan, according to static’s of Japan external trade organization; trade volume between two countries was $339bn in 2010, which is expected to grow rapidly after Yen Yuan deal.
Through this deal it is first time that Chinese Government allowed any state to issue Bond in Yuan. Japan bank of international cooperation will issue Bond in Chinese market. Japan Government was interested to buy Chinese Government bond and through this deal a new door of mutual cooperation is open which is beneficial for both states. Japan Government stance to adopt China bond as foreign exchange reserve will assist Yuan’s future role as international currency. Sino Japan deal will be beneficial to get investor’s confidence to invest in China bond that give a credible boom to Yuan in eastern markets. China and Japan has long history of rivalry but they come to an agreement, which is beneficial for both states that will give confidence to foreign investor. Japan is the world’s third and china is second largest economy and the deal clearly depicts that rule of Dollar as global currency is going to end.
Full article: Yen-Yuan trade plan (Pakistan Observer)