Tensions are rising between Egypt and Ethiopia over the latter’s Grand Renaissance Dam. Continue reading
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
Just how the shape of the new global strategic architecture will settle out as the framework for the 21st Century is still open to challenge, but the key dynamic — the initial door to that new world — is now being opened by a deliberately-orchestrated U.S.-North Korea confrontation.
What is emerging beyond this door is an overarching strategic alternative to the People’s Republic of China’s (PRC) démarche of “One Belt, One Road” dominance of the Eurasian and Indo-Pacific geopolitical space, and an alternative, or balance, to the PRC’s reach into Africa and the Americas.
The confrontation between U.S. President Donald Trump and North Korean (DPRK) leader Kim Jong-Un is very much just between those two leaders, with the People’s Republic of China somewhat marginalized. Beijing is now fighting to find a path into this equation. Continue reading
In a post-American trade war, this emerging bloc will wield devastating power.
Stories of international angst over United States President Donald Trump’s protectionist approach are becoming more commonplace. Mr. Trump’s “buy American, hire American” catchphrase sounds good for many at home, but abroad, it is prompting a weighty reorganization of international trade relationships. And long term, the result will be a trade war that will prove ruinous to the U.S.
World trade has changed a great deal over the last several decades. The international community at large no longer depends on America’s giant import expenditures and exports. Parag Khanna of Politico wrote:
As Americans, it’s easy to assume that global trade still depends on America as the consumer of last resort. But that’s no longer true. In fact, the majority of trade in emerging-market nations is with each other, not with the U.S. In 1990, emerging economies sent 65 percent of their exports to developed nations like the U.S. and Europe, and only 35 percent to other developing countries. Today, that figure is nearly reversed. Continue reading
It’s one of the great engineering achievements in history…
At 48 miles long, the Panama Canal cuts through a narrow strip of land in Central America.
It links up the Atlantic and Pacific oceans, allowing ships to pass through the landmass instead of sailing around a whole continent.
Ships pay dearly to use this shortcut… up to $375,000 for a one-way toll.
It’s worth the price. Continue reading
Russia brazenly defied America in Syria last week, bombing American-backed forces despite the presence of American fighter jets. There have been no consequences. Trumpet staff writer Richard Palmer shows how the attack fits in with Russia’s strategy to destroy America’s credibility. Also on today’s show, he discusses why China is pouring billions into the creation of a new trade route in central Asia. The demise of the Silk Road in Central Asia and the rise of ocean-bound trade revolutionized the world. It is the reason we speak English today. China’s efforts to re-create the Silk Road with modern railways could be just as revolutionary. Continue reading
(TRUNEWS) Statistical analyst Jim Willie says the recent moves by the rising Eurasian Trade Zone have set the stage for a historic toppling of the Anglo-American petrodollar by July.
Willie’s statements were made during an exclusive interview with Rick Wiles of TRUNEWS on Tuesday, while discussing the significance and meaning of a series of major geopolitical events over the past 3 months from China, Russia, Saudi Arabia, and the United States.
In the beginning of the interview, Willie said one of his veteran sources informed him that government analysts are predicting major economic turmoil to begin in the June/July timeframe. Willie noted that if he had to guess, the July 4th holiday weekend would be the flashpoint for the unraveling of this crisis. Willie said it would be prudent for Americans to stop all investments; and begin hoarding cash, food, and water to weather this impending financial super storm.
Opening a gateway to Europe is a ‘once-in-a-thousand-year opportunity’ for China.
In October 2009, government-owned China Ocean Shipping Company (cosco) took over one of two piers in the Port of Piraeus from its Greek authorities. Since then, cosco worked to increase the annual container volume nearly 10-fold. Finally, after waiting seven years, Beijing’s One Belt, One Road (obor) initiative took a step further when cosco purchased full control of the Port of Piraeus on April 8. Continue reading
Top Intel Officials: U.S. Faces Highest Terror Threat Level Since 9/11 (Washington Free Beacon)
Citi: Here Comes a Global Recession (Bloomberg)
China accounts for 90 per cent of world’s new billionaires as the number of super-rich swells globally (South China Morning Post)
China’s Silk Road Reaches Iran, Pushes Toward Europe (The Trumpet)
An Escalating War on Cash (Euro Pacific Capital)
Battle over Syria (III) (German Foreign Policy)
Inside the Ring: U.S. Mulls Pledge on Disputed Philippines Outpost (Washington Free Beacon)
‘A message to the US’: Chinese missile frigate enters service in East China Sea (South China Morning Post)
China Warns U.S. After Trump Wins Nevada (Money Morning)
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“Iran is interested in the introduction of a free trade regime with the EEU and considers that the establishment of closer ties with the union may become the basis for the development of economic cooperation of Iran with the association’s member countries,” Sanaei told the Gaidar Forum in Moscow.
And this is only the economics side of what’s to come.
People have long forgot about the military component to the Sino-Soviet war axis, which is under construction and will be used to create One Clenched Fist.
BRICS is the social-economics side, whereas the SCO is the political and military side.
The sword is coming.
If you’ve ever suspected the gold market is being manipulated, you’re not alone – and you’re right, it is.
“Central banks and traders (especially the big ones acting on behalf of mega hedge funds, large-scale private funds, and institutions) can push gold prices higher – or lower,” Fitz-Gerald wrote. “The financial markets are like a football game in that there is a constant flow of energy between participants. And the ‘manipulation’ works in both directions, especially when it’s being orchestrated by the Fed and other central banks in the name of political expediency.” Continue reading
Sometime in the short-term of mid-term future, China and Russia will come out and say “We have all (or most) of the world’s gold. We will now make the rules.”
This also could be the “event” that a lot of experts are talking about regarding late September and early October crisis predictions. Former Reagan advisor, Martin Armstrong predicts October 1st, 2015 (2015.75) as a turning point in world history, for example.
Ironically, this article comes from a state-run source, which could be the Kremlin’s own way of dropping a hint.
While key Western banks are artificially restraining gold prices to breathe life into the diluted and devalued dollar system, Russia, China and other emerging economies are involved in “the genial move” to establish an entirely different gold market, F. William Engdahl underscores.
Key central banks, particularly the Federal Reserve and Bank of England, and Western market players have long been accused of clandestine gold price manipulating aimed at preserving the dollar’s role “as world reserve currency primus,” American-German economic researcher and historian F. William Engdahl writes.
“The COMEX gold futures market in New York and the Over-the-Counter (OTC) trades cleared through the London Bullion Market Association do set prices which are followed most widely in the world. They are also markets dominated by a handful of huge players, the six London Bullion Market Association gold clearing banks — the corrupt JP MorganChase bank; the scandal-ridden UBS bank of Zurich; The Bank of Nova Scotia — ScotiaMocatta, the world’s oldest bullion bank which began as banker to the British East India Company, the group that ran the China Opium Wars; the scandal-ridden Deutsche Bank; the scandal-ridden Barclays Bank of London; HSBC of London, the house bank of the Mexican drug cartels; and the scandal and fraud-ridden Societe Generale of Paris,” Engdahl narrated.
Furthermore, Western banks are issuing numerous paper “gold-futures” and other speculative contracts which are in fact disconnected from real physical gold. Continue reading
The railway authorities in Xinjiang said the additional cargo train service linking the region’s capital Urumqi with Moscow would contribute to the economic development of the autonomous region, which is seen as a “core area” of the Silk Road economic belt, Xinhua news agency reported.
Since March 2014, Xinjiang has opened cargo train service to Kazakhstan, Georgia, Iran, Turkey and also Chelyabinsk in Russia.
By the second half of the year, more than three cargo trains will run between Xinjiang and the destinations in Russia and also central and western Asia per week. Continue reading
China’s outsized latticework of global infrastructure is said to be rooted in a fierce sense of competitiveness which they claim they learned from 19th century America.
In the 18th and 19th centuries, the sun famously never set on the British empire. A commanding navy enforced its will, yet all would have been lost if it were not for ports, roads, and railroads. The infrastructure that the British built everywhere they went embedded and enabled their power like bones and veins in a body.
Great nations have done this since Rome paved 55,000 miles (89,000 km) of roads and aqueducts in Europe. In the 19th and 20th centuries, Russia and the United States established their own imprint, skewering and taming nearby territories with projects like the Trans-Siberian and the Trans-Continental railways.
Now it’s the turn of the Chinese. Much has been made of Beijing’s “resource grab” in Africa and elsewhere, its construction of militarized artificial islands in the South China Sea and, most recently, its new strategy to project naval power broadly in the open seas. Continue reading