BRICS in a multipolar world

This week, South Africa is hosting the 10th annual gathering of BRICS (Brazil, Russia, India, China, and South Africa). When the first BRIC summit was held in 2009 (South Africa was added in 2010), the world was in the throes of a financial crisis of the developed world’s making, and the increasingly dynamic BRIC bloc represented the future. By coming together, these countries had the potential to provide a geopolitical counterweight to the West.

But Western commentators have long underestimated that potential, forcing BRICS to demand greater representation in global-governance institutions. In 2011 and 2012, BRICS challenged the process of selecting leaders at the International Monetary Fund and the World Bank. But, lacking a united front behind them, a European (Christine Lagarde) and an American (Jim Yong Kim) continued to preside over those organizations. And though BRICS did get these institutions to reform their voting structures to give developing countries greater weight, the US and Europe still wield disproportionate power. Continue reading

The Rise of China as a Superpower

Shanghai, China (ISTOCK.COM/LIUFUYU)

 

 

It is one of the most impressive economic and political miracles in modern times. And it isn’t over yet.

China is a sovereign state with a population of over 1.3 billion people. The nation possesses the world’s largest economy by some measurements, the world’s largest population and the fourth-largest territory.

These are the building blocks of a superpower. While the world anticipates China gaining superpower status, analysts debate over when and whether its rise will be peaceful.

The Trumpet forecasts that China will continue to grow as a formidable power, combining its strength with Russia. Further, we forecast that it will play a major role in waging economic war that will devastate America.

Where do these forecasts come from? Continue reading

One world under China? Beijing rolls out BRI initiative; U.S. can’t agree on renewing its own infrastructure

Screen shot from CCTV News.

 

The Belt and Road Initiative is the vanguard for Beijing’s reach for global power. It may not work, given all the imponderables of a project on this scale, not to mention conflicting interests with nations along its route. But at least the Chinese are showing the kind of social energy necessary to achieve great things. Do Americans still have that trait?

The state-owned press in China was all aglow about President Xi Jinping’s address to the G20 summit in Hamburg, Germany. Xinhua proclaimed how “Many overseas experts and scholars have praised” it. Towards the end of his remarks, President Xi brought up his pet project; recreating the ancient Silk Road that once linked Imperial China to Europe through Central Asia and the Middle East. He proclaimed, “Commitment of the Belt and Road Forum is highly compatible with the goal of the G20” and should be seen as part of a “new and inclusive globalization.” The Belt and Road Forum for International Cooperation had been held in Beijing, May 14-15. It attracted 29 heads of state (including Russian President Vladimir Putin) and representatives of 130 other countries (including the U.S.), plus the leaders of 70 international organizations, including UN Secretary-General António Guterres. Continue reading

Leading the Multipolar Revolution: How Russia and China Are Creating a New World Order

The replacement for the American global hegemony is all there. The alternative global infrastructure is built and only a switch needs to be flipped on. The only questions remaining are when and how America will be replaced as a global leader.

 

Leading the Multipolar Revolution: How Russia and China Are Creating a New World Order

 

The last thirty days have shown another kind of world that is engaging in cooperation, dialogue and diplomatic efforts to resolve important issues. The meeting of the members of the Belt and Road Initiative laid the foundations for a physical and electronic connectivity among Eurasian countries, making it the backbone of sustainable and renewable trade development based on mutual cooperation. A few weeks later, the Shanghai Cooperation Organization meeting in Astana outlined the necessary conditions for the success of the Chinese project, such as securing large areas of the Eurasian block and improving dialogue and trust among member states. The following AIIB (Asian Infrastructure Investment Bank) meeting in ROK will layout the economical necessities to finance and sustain the BRI projects.

The Shanghai Cooperation Organization (SCO) and the Chinese Belt and Road Initiative (BRI) have many common features, and in many ways seem complementary. The SCO is an organization that focuses heavily on economic, political and security issues in the region, while the BRI is a collection of infrastructure projects that incorporates three-fifths of the globe and is driven by Beijing’s economic might. In this context, the Eurasian block continues to develop the following initiatives to support both the BRI and SCO mega-projects. The Collective Security Treaty Organization (CTSO) is a Moscow-based organization focusing mainly on the fight against terrorism, while the Asian Infrastructure Investment Bank (AIIB) is a Beijing-based investment bank that is responsible for generating important funding for Beijing’s long-term initiatives along its maritime routes (ports and canals) and overland routes (road, bridges, railways, pipelines, industries, airports). The synergies between these initiatives find yet another point of convergence in the Eurasian Economic Union (EEU). Together, the SCO, BRI, CTSO, AIIB, and EEU provide a compelling indication of the direction in which humanity is headed, which is to say towards integration, cooperation and peaceful development through diplomacy. Continue reading

China’s Red October

China’s Red October

 

The 19th National Congress of the Communist Party of China, CCP, will be held in the fall of 2017. The exact date has not yet been announced, but late October is a reasonable estimate. This will be the most important CCP meeting since the death of Mao Zedong and the rise of Deng Xiaoping in the late 1970s.

Communist societies such as China have a dual or parallel government structure. On one side is a normal government with a president, vice premier, cabinet ministers and other subordinate posts. On the other side is the CCP leadership consisting of a General Secretary, Politburo Standing Committee, Politburo, and Central Committee.

The seven-member Politburo Standing Committee runs the CCP. The General Secretary is the single most powerful person in the leadership. The conventional government is controlled by the CCP, which holds the real power.

Continue reading

World Leaders Gather in Beijing While the US Sinks into Irrelevancy

The United States is fractured and permanently scarred with very little diplomatic room to maneuver, and as the article states, doesn’t even know it. We’re looking at a new world shaping up within the next 10 years… a new world without the United States having a voice in its affairs. This is an unprecedented new chapter in world history that the old order doesn’t recover from. If you’re an American, get used to second or third-rate living standards and all the problems that come with it.

To add clarification: President Trump has a great chance in saving America from ruin, and let’s hope he will. Where he has almost zero chance is in saving it’s standing in the world. An alternative world structure has already been built and members are being filtered in. The ‘on button’ is waiting to be pushed. All that needs to happen is an event, such as global economic collapse, that sets America back and simultaneously provides the new world structure a window of opportunity to spring into first place.

 

World Leaders Gather in Beijing While the US Sinks into Irrelevancy

 

While vaudevillian comedy-like shouting matches broke out in the West Wing of the White House between President Donald Trump and his senior advisers and between the White House press secretary and various presidential aides, world leaders gathered in Beijing to discuss the creation of modern-day land and maritime «silk roads» to improve the economic conditions of nations around the world. Nothing more could have illustrated the massive divide between the concerns of many of the nations of the world and those of the United States, which is rapidly descending into second-rate power status, along with its NATO allies Britain, France, and Germany. Continue reading

Xi wants Japan in AIIB as Beijing and Tokyo mend fences

Toshihiro Nikai, secretary-general of Japan’s Liberal Democratic Party, left, and Chinese President Xi Jinping at a meeting in Beijing on May 16. © Kyodo

 

Abe government may reconsider membership in China-led investment bank

TOKYO — Japan could reopen talks on whether to join the China-led Asian Infrastructure Investment Bank, a senior lawmaker signaled Tuesday after meeting with Chinese President Xi Jinping to discuss improving bilateral ties.

Toshihiro Nikai, secretary-general of Japan’s ruling Liberal Democratic Party, did not discuss the matter with Xi directly during the pair’s 17-minute talk in Beijing on Tuesday, which was concerned mainly with the possibility of Chinese leaders including Xi visiting Japan and Prime Minister Shinzo Abe visiting China. But Nikai told a news conference afterward that he would discuss the matter thoroughly with Abe when he returns home. Continue reading

China is about to hold a giant meeting on spending billions to reshape the world

 

China has rapidly climbed the ranks to become the world’s second-largest economy. Now, the most populous nation on the planet wants to increase its influence by digging further into its pockets — flush with cash after decades of rapid growth — to splash out with its “One Belt, One Road” policy.

The initiative is meant to connect Asia, Europe, the Middle East and Africa to bolster trade and development. This weekend, hordes of foreign diplomats and business leaders are expected to descend on Beijing for a two-day meeting about the policy.

Here’s what you need to know:

What is “One Belt, One Road?” Continue reading

US could join China-backed AIIB in wake of Trump win, bank chief says

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AIIB president Jin Liqun says the lender cannot rule out US interest in joining the China-backed bank. Photo: Xinhua

 

Jin Liqun says some of Trump’s advisers think Washington was wrong to oppose the new regional lender

The United States might reverse course and partner with the China-backed Asian Infrastructure Investment Bank after Donald Trump’s inauguration as US president, the head of the lender signalled on Monday.

AIIB chief Jin Liqun said he understood some Trump advisers thought the US was wrong not to join the new regional lender, Communist Party mouthpiece People’s Daily reported ­on Monday. Continue reading

China-backed AIIB ‘on track to meet 2016 lending targets’

The China-backed Asian Infrastructure Investment Bank (AIIB) is “on track” to meet its big first-year targets, including lending US$1.2 billion by the end of 2016, bank president Jin Liqun said on Friday.

After bringing many US allies on board and a high-profile launch in January, the multilateral lender moved onto the business of raising funds, gaining expertise, and recruiting experienced executives.

The bank, part of Beijing’s push to expand its regional clout, has lent US$829 million to six projects in Pakistan, Tajikistan, Indonesia and Bangladesh. Continue reading

Canada applies to join China-backed AIIB, latest US ally to apply

BEIJING: Canada will apply to join the China-backed Asian Infrastructure Investment Bank, or AIIB, Canadian and bank officials said on Wednesday, making it the latest ally of the United States to join the new international development bank.

The multilateral institution, seen as a rival to the Western-dominated World Bank and Asian Development Bank, was initially opposed by the United States but attracted many U.S. allies including Britain, Germany, Australia and South Korea as founding members. Continue reading

The New Silk Road (I)

And Germany will do it. When push comes to shove, it has historically sided with Russia and other axis powers. China should be no exception. In a time when America is suiciding itself off the world stage, it’s a matter of survival for its allies as they seek more stable and consistent alliances.

 

BEIJING/BERLIN (Own report) – With tensions rising between China and western powers, the German chancellor is using her current visit in Beijing to enhance Sino-German economic cooperation. German investments in the People’s Republic of China had increased to around 60 billion Euros in 2014 – tendency still rising – surpassed only by investments in the USA and a few EU countries. Business representatives are campaigning in favor of stronger German participation in a Chinese trillion-dollar project. This project named the “New Silk Road,” is aimed at bolstering ties between Eastern Asia and Europe. The project, also on the agenda of today’s German-Chinese government consultations, has two components, overland and maritime transport routes. Trade by train from Chongqing to Duisburg and by ship through the South China Sea and the Indian Ocean to the Mediterranean will be enhanced. While German companies hope for lucrative business deals, strategists warn that the New Silk Road could enhance Beijing’s global influence – and ultimately break the western powers’ global dominance.

Continue reading

AIIB and Eurasian Development Bank Discuss Building China-Europe Corridor

EDB Chairman Dmitry Pankin said that Eurasian Development Bank and the Asian Infrastructure Investment Bank (AIIB) have been in discussions over financing a joint project linking China with Europe via a motorway across Russia.

MOSCOW (Sputnik) – The Eurasian Development Bank (EDB) and the Asian Infrastructure Investment Bank (AIIB) have been in discussions over financing a joint project linking China with Europe via a motorway across Russia, EDB Chairman Dmitry Pankin said on Wednesday. Continue reading

Deathblow to the Dollar

Lessons from 2015, for today:

 

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(Gary Dorning/The Trumpet)

 

 

The world is entering a new economic era—one that won’t be defined by America.

This past March marked a radical turning point for the global economy, particularly the United States’ economic dominance.

China proposed the launch of the Asian Infrastructure Investment Bank (aiib)—a new, Chinese-run international bank specifically designed to challenge U.S. global economic leadership. America tried to convince other nations not to agree to join. But it failed—even with its closest allies.

For the U.S., it was an unmitigated disaster.

Continue reading

China Unveils a Dangerous New Economic Weapon During a Perfectly Timed Distraction

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Caption: Representatives of the founding nations of the Asian Infrastructure Investment Bank applaud after Chinese President Xi Jinping unveiled a sculpture during the bank’s opening ceremony in Beijing on January 16. (MARK SCHIEFELBEIN/AFP/Getty Images)

 

China’s new Asian International Investment Bank could upset the balance of power in Asia.

On January 16, China inaugurated its new international investment bank. In a lavish, ribbon-cutting ceremony at the renowned Diaoyutai State Guesthouse in Beijing, Chinese President Xi Jinping told the assembled dignitaries that they were part of “a historical moment.”

Yet most people totally missed the significance.

While Xi was inaugurating the Asian Infrastructure Investment Bank (aiib)—a project that former United States Treasury Secretary Larry Summers earlier called a “wake-up call” for America and the most important economic event since America led the world off the gold standard in 1971—the world was focused on collapsing stock indexes.

And for good reason.

Continue reading