Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Thursday, October 31, 2024

BRICS Will Not Kill the Dollar—War Will | Martin Armstrong

The BRICS currency was created for geopolitical reasons when the neocons transformed the SWIFT system into an economic weapon and even threatened China with the same fate if they supported Russia. Once this occurred, the neocons turned the entire world’s monetary system into a weapon of war. This is why we have BRICS; it had nothing to do with killing the dollar or backing their currency with gold.

 » All currency is fiat, even when it is gold. Just because a currency is
backed by gold does not eliminate inflation or deflation. «

Many hoped for an official announcement regarding a gold-backed currency, which failed to materialize. A gold-backed currency would be massively deflationary. The money supply could not expand with the population or in times of need without new discoveries. Just because a currency is backed by gold does not eliminate inflation or deflation. The gold discoveries of the 19th century in California, Alaska, and Australia caused significant economic upheaval, followed by wars. The fact that gold was the currency did not prevent inflation.

Spain defaulted seven times. The gold and silver they brought back from the New World led to massive inflation in Europe. Those who preach that a gold standard is the solution lack an understanding of history. They blame “fiat currency,” as if eliminating it will solve all problems. There were booms and busts throughout ancient times long before paper money existed. All currency is fiat, even when it is gold. I have shown that Southern India routinely imitated Roman gold coins because they held a premium over gold—this is fiat. Northern India and the Kushan Empire issued their own coinage primarily because they traded more with China. Southern India used imitation Roman gold coins for about 250 years, confirming that the Roman coinage was worth more than its metal content.
 
 » The purchasing power of gold fluctuated at all times. The value of a currency is determined 
by the productive capacity of its people, not by its gold reserves. «

Similar claims were made about the Euro, which also did not work out well. Why? The value of a currency is determined by the productive capacity of its people, not by its gold reserves. Japan and Germany lost the war yet rose to the top of the economic hierarchy because their populations were productive. The United States has the largest consumer-based economy, which means that everyone needs to sell their products here, requiring transactions in dollars. The US is also strong militarily, which further supports the currency's foundation.

It is time to abandon these outdated economic theories, remnants from the 18th and 19th centuries. The economy has evolved since then. The neocons are destroying the dollar and undermining the future of the United States. When we lose another one of their endless wars, financial capital will shift from New York to Beijing. Just as war diminished Britain, so will it diminish the dollar and the United States.


Wednesday, October 30, 2024

Global MAGA-nomics | Francisco José Fernández-Cruz Sequera

The re-election of Donald Trump will lead to significant shifts in US economic and foreign policy, emphasizing unilateral protectionism and high tariffs aimed at boosting domestic production and safeguarding American interests. This 'MAGA-nomics' approach may impose tariffs of 10% to 20% on all imports and up to 60% on Chinese products, intending to reverse US deindustrialization and create jobs in key sectors.

MAGA-nomics: The war Trump will wage in 2025.

Trump's trade rhetoric portrays free trade as detrimental to the US economy, claiming trade deficits indicate weakness and job losses. His strategy seeks not only to protect the domestic market but also to pressure other nations to enhance market access for US goods. However, such mercantilism poses risks, including potential retaliatory tariffs from other countries, which could escalate costs and inflation both in the US and globally.

 Chronicles of Western Collapse.

A drastic tariff increase could harm American consumers by raising prices and potentially increasing inflation. The confrontation with China is particularly complex, as high tariffs may prompt China to devalue its currency, exacerbating internal economic issues while potentially triggering further trade conflicts.

The European Union, a major US trading partner, would likely suffer from these tariffs, which could significantly impact its economy amidst already existing challenges. Projections indicate that a 10% tariff on EU imports could reduce the Eurozone's annual GDP growth, further straining economic recovery.

 High tariffs, radical unilateralism, and the end of globalization as we know it.

Emerging markets like Vietnam, India, and Mexico may benefit as companies relocate production away from China, realigning global supply chains and potentially harming economies in Africa. The International Monetary Fund estimates that escalating trade disputes could reduce global economic growth, affecting millions worldwide.

Trump's approach extends beyond economics to form a coalition against China's influence, integrating defense strategies within economic policies (“Free and Open Indo-Pacific”). This could deepen geopolitical tensions and potentially lead to a new pro-China bloc. The historical precedent of protectionism, such as the Smoot-Hawley Tariff Act of 1930, illustrates the risks of such policies, emphasizing the interconnectedness of global economies and the potential for widespread negative repercussions.

Thursday, October 3, 2024

Europe’s Catastrophic Russian Problem | Wang Xiangsui

Europe is becoming the biggest loser in the Ukraine conflict, despite having fostered closer ties with Russia following the collapse of the Soviet Union. Europe is now actively cutting these ties in an effort to align with the US policies aimed at punishing Russia. 
 
But the price is dear. The largest economy prior to the Ukraine war, Europe is now facing the prospect of political divisions and security threats. Its insensible actions are not only compromising Europe's autonomy and increasing its military reliance on the US, but also disrupting its energy supply chains, in which Russia played an important part. So what does the US stand to gain from this situation? 
 
 China called the Nord Stream pipeline blast of September 26, 2022 an 
'act of international terrorism' and an 'act of war against Germany and Russia'.

Quite a lot. In a scenario where Europe is on friendly terms with Russia and economically, militarily, and politically strengthened, Europe poses too significant a challenge for the US to handle. Hence, the estrangement between Europe and Russia is one of the US's most crucial strategic goals. As anticipated, Europe is now gripped by fear of Russian expansion and Russia fears NATO's eastward movement. And this prisoner's dilemma is further exacerbated by US intervention. 
 
It is evident that the European leaders struggle to discern who their allies and rivals truly are. It is their crucial mistake to view Russia, a potential provider of economic strength and security assurances, as a threat, and the US, a saboteur of the Euro and Europe's regional stability, as a friend. The rationale behind Europe's alignment with the US stems from their belief that Europe holds a prominent position within the US-led uni-polar world.

But time and again, the US disregarded and even intentionally harmed European interests. Europe's political stage is now occupied by liberal leftists whose obstinacy to ideology and blind loyalty to the US have deprived them of strategic foresight. If Europe fails to awaken to the reality, more losses will inevitably befall the European people. Acting as a suicide bomber in the Ukraine conflict will achieve nothing but harm Europe itself. Europe's tragedy is rooted in its failure to recognize the significance of the Ukraine conflict. What we are witnessing is merely the precursor to a brand new world order, an order of multi-polarity which neither the US nor Europe can prevent.  
 

If the current situation continues, Ukraine's status as an independent country will be called into question. At first glance, the US appears to be the biggest winner. To avoid instability, numerous European financial assets and capital are now being redirected to the US, bolstering its pandemic-stricken economy and positioning it as the best-performing developed country. Additionally, Europe is once again brought under the American security umbrella, abandoning its pursuit of strategic independence. Furthermore, the US has profited during the war by selling its own energy at high prices to Europe through sanctions on Russia's energy exports. However, when considering the bigger picture in the long run, the Russia-Ukraine conflict significantly weakens the US-dominated world order and damages the credibility of the US. To many countries, the war exposed the unreliability of the US and the precariousness of the uni-polar world order it perpetuates. 
 
Russia, on the other hand, is making leaps and bounces despite its losses. It has already achieved the initial goals outlined at the beginning of the special military operation. By deepening cooperation with China, India, and the global south, Russia's economy was able to withstand the blow after decoupling from the West. Two years into the war and nearly 20,000 sanctions from 48 countries, Russia maintains relative political and social stability, even experiencing a 3.6% GDP growth in 2023. And most importantly, through this war, Russia is reshaping its image and status as a formidable major power in the emerging multi-polar order. Therefore, in the long run, Russia may emerge as the real long-term winner of this conflict; a conflict that draws the curtains on the hegemonic uni-polar world order dictated by the US.

 
Military strategist Professor Wang Xiangsui is a retired senior colonel in the People's Liberation Army. Wang's 1999 book 
'Unrestricted Warfare' reportedly shifted the views of former White House chief strategist Steve Bannon regarding China.

The US-China Competition in Southeast Asia | Jin Canrong

The US-China competition is going to be a long-term rivalry, and one shouldn't expect immediate outcomes. It consists of domestic competition, in which both countries will try to improve the competitiveness of their economies and the efficiency of their governance. It also consists of relationship-informed competition, where both countries will try to win favor with other nations during this process.

 Jin Canrong, Professor and Associate Dean of School of 
International Studies at Renmin University of China.

To me, the highlight of this competition will occur in Southeast Asia. The American strategy tends to create conflict and tension around China, fostering unrest and stirring up trouble, motivating countries like the Philippines and India to escalate tensions with China. Additionally, the US will use many NGOs to incite color revolutions in the area, including Southeast Asia, South Asia, and Central Asia. Even if these NGOs do not succeed in overthrowing governments, they can still create disturbances and interrupt China's rise. This is a favored geopolitical strategy of the US. In addition, the new $1.6 billion congressional bill passed to support the media demonization of China—what I would call "dog food for social media"—is a well-known tactic that the US has been continuously using against its geopolitical rivals.

 » Southeast Asian countries need industry to boost their growth, and China will be their biggest investor. 
These countries also require infrastructure development, which China can provide. China's financial capabilities 
are well above those of its Western counterparts when it comes to foreign investments. «

It's all part of the grand competition, and we are accustomed to it. The Chinese government cares greatly about Southeast Asia. We often express our desire to establish a community of shared future with Southeast Asian countries. The economic relationship with Southeast Asia has been quite positive in recent years, and the political relationship is also generally healthy, aside from the situation with the Philippines. Almost all Southeast Asian countries were originally colonies of the West, so the cultural and historical influence of Western powers over the region still exists today. There was an organization called the Southeast Asia Treaty Organization (SEATO), founded back in 1954. Its primary goal was to prevent the spread of communism during the Cold War. This can also be seen as part of a broader coalition against China led by the United States. Thus, the US has some advantages over Southeast Asian countries, at least due to recent history, particularly because China was too weak to project any significant power in the past.


Of course, I believe China's influence is catching up to that of the US in the region. To begin with, we are their neighbors, while the United States is far away. Secondly, our economic ties with the region are much stronger than those of the US. Finally, I think the majority of Southeast Asian countries agree with the Chinese style of non-interventionist foreign policy. In recent months, research and polls conducted by organizations in Singapore and Australia have shown that China's influence over the region is improving and has surpassed that of the United States in some countries. The magazine "Foreign Affairs" has also expressed concern that the US is losing its influence in the region. 

» The US economy is not prepared for global war. We are broke. «  

From my point of view, I believe the current situation is a deadlock—50-50. It's hard to say who is really leading in the region: China or the US. Again, the polls can sometimes be deceiving; they might not provide an accurate picture of what's really going on and can change quickly due to ongoing events. Nonetheless, I believe China is going to overtake the US in terms of influence over Southeast Asian countries in the near future. I believe this is a trend that is difficult to reverse. China has a large and expanding industrial sector, which often carries a spillover effect. Many Southeast Asian countries need industry to boost their growth, and China will be their biggest investor. These countries also require infrastructure development, which China can provide. Additionally, China's financial capabilities are well above those of its Western counterparts when it comes to foreign investments. 

I still see the US as the sole superpower on this planet, but what we are witnessing is that many regional powers are on the rise. In fact, I find it amusing that the majority of Chinese scholars today still consider the US to be the sole superpower. However, many of my foreign colleagues disagree with me. When I traveled to Africa recently, many people there told me that there are currently two superpowers in the world: China and the US. Within the Chinese intellectual community, we do not yet see China as a superpower. That being said, I believe we are entering a bipolar world, particularly in Asia and Southeast Asia, although it is important to note that there are also other strong regional powers. If I refer to it as merely bipolar, our friends in India might take issue with that description.

Quoted from:

Tuesday, September 24, 2024

Who Is Fighting With Whom and Why | Alexander Dugin

Israel, having dealt with Gaza, that is, having organized a mass genocide of the civilian population in front of the whole world, began a full-fledged war with Lebanon. Just as in Gaza the Israelis preferred to claim that they were fighting Hamas, and not the Palestinians as a whole (as was actually the case), so now Netanyahu is talking about countering Hezbollah, having started massive rocket attacks and carpet bombing of the civilian population of a sovereign country - Lebanon. This is a war in the fullest sense of the word. And the West fully supports Israel's aggression.

  » He demands victory over the civilizational enemy. He demands that Carthage be destroyed. «
 
At the same time, the West wants to secure the full loyalty of its allies in the Islamic world and is now trying to create a Middle Eastern analogue of NATO with the UAE. Türkiye is already in NATO, but Ankara is outraged by Israel and traditionally supports Hamas, so the ally is not very reliable. Hence the globalists came up with the idea of ​​​​attracting Mohamed bin Zayed Al Nahyan to a tough military alliance. Iran is still on the sidelines, but the start of a massive aggressive military campaign against Hezbollah is a direct attack on Iran and the Shiite world as a whole. The second front after the Ukrainian one between unipolar hegemony and strengthening multipolarity can be considered open. The West is fighting Russia with the hands of Ukrainian Nazis, and the Shiites with the hands of Israeli Nazis. And it is ready to start a war with China with the hands of Taiwanese Nazis. Simultaneously, NATO is going to throw additional European armies at Russia, Sunni armies at Iran and Lebanon, and insure Taiwan with an alliance with India, Japan, and South Korea. If all this is not the third world war, then what is it?
 
The situation in world politics is increasingly converging with the classic maps of geopolitics. Now the confrontation between the Civilization of the Sea and the Civilization of Land is so clear and contrasting that underestimating geopolitical science is fraught with direct catastrophe. Only geopolitics explains everything clearly and intelligibly. Who is fighting with whom and why. And where is the intermediate frontier separating civilizations and camps. It was geopolitics that could have prevented the collapse of the USSR, while the ideological approach led to the collapse of a great power, did not work at a critical moment. In the 1990s, the agents of Western influence, which almost established external control over Russia, were hiding behind the economy and reforms. They were the ones who made efforts to discredit geopolitics. And this was fatal, and NATO expanded to the East unhindered. In the USA, geopolitics was studied and acted strictly according to its patterns, but we were forbidden. Instead of geopolitical thought, moral decay, predatory enrichment, poisonous humor and mass feeble mindedness were implanted in Russia.
 
Putin was the first to pay attention to geopolitics. And Russia began to see the light. That is, to understand more soberly what was really happening in international relations. But it was not easy to get out from under the hypnosis of liberals, economists and Westerners. It took time. The Russian authorities only really began to understand the laws and rules of geopolitics with the start of the New World Order. And not all of them. Putin, of course. But even in the education system of the Ministry of Defense, geopolitics is not given its due place. Yes, some idea of ​​it is given now, but very approximate. But it should not be like that: all military personnel, especially the officer corps, should definitely be familiar with the basics of geopolitics and pass the geopolitical minimum. The same applies to the entire managerial elite of the country. Yes, geopolitics is taught in many universities. But it should be taught in all of them and with an emphasis on it. It compactly and simply explains the world in which we live and the meaning of the war we are waging.
 
Putin once answered a question at the Valdai Club from Chinese professor Feng Shaolei about the basis on which he makes his main decisions: on the basis of geopolitics. The Chinese have heard this answer, the Russians have not. But they should. I am convinced that what is needed now, along with historical education, is mass geopolitical education. Following the military, the employees of the Presidential Administration and the Government must pass the geopolitical minimum, and then from top to bottom, right down to the governors and their staff, and all strategically important departments and ministries through and through. It will not take much time. A couple of textbooks and a short test of 10-12 questions. Only then will it become truly clear what the Supreme Ruler demands of them. And he demands victory over the civilizational enemy - outside and inside, or at least the creation of prerequisites for it. Victory of the Civilization of the Land (Third Rome) over the Civilization of the Sea (New Carthage). He demands that Carthage be destroyed, and geopolitics clearly explains why.


Sunday, September 22, 2024

Israel’s Reckless Pager Operation: Who Can We Trust And Rely On? | Shen Yi

I've been studying international relations and politics for decades, and I'm shocked by this pager attack in Lebanon. This is not something a normal country would do; it's way past the moral red line of international norms. What we're looking at is a commercial electronic device, the pager, being modified into a military-style mini-grenade. Even though the operation targets Hezbollah members, the action is equivalent to igniting several cluster bombs in a market populated with Hezbollah members, their families, and other innocent civilians.

 » This is truly evil and shocking ... they've proven themselves willing to do outrageous, immoral things. «
 
The psychological effect of this operation is similar to the earliest Batman movie, where the Joker randomly poisoned hygiene products to create chaos in Gotham City. This isn't even using the pager to collect intel and destroy evidence. This can be considered a mass terrorist operation. It's like putting poison in bottled water and exporting it to your enemy city, expecting enemy soldiers to drink it, and disregarding innocent victims, oh well, sucks to be them.

 » Children lost their eyes while playing in the street. Mothers lost their limbs while shopping in a mall.
Doctors suffered severe injuries while driving to a hospital. This is horror and cruelty beyond imagination
. «
China representative to the UN.

Assuming Israel's involvement, considering their current strike against Lebanon, there are two possibilities for this mass bombing. Either the bomb was installed during manufacturing in Taiwan, possibly through a joint operation between Taiwan and Israel, or the middleman modified the device. In China, Jewish people are considered the smartest and most cunning of all the peoples on this planet. Modifying this device into a bomb and activating it in mass volume is truly evil and shocking. However, I also consider this operation stupid and reckless, ignoring consequences and hiding behind the United States. The operation against Iran's nuclear enrichment facility might be within the rules of engagement, but this pager bombing is unacceptable. The United States swapped out hospital devices before the operation, showing awareness. The United States, Israel, and Taiwan governments remain quiet. 
 
How can we trust products from these regions in the future? This has impacted global supply chain trust. China now understands why the US considers Huawei cell phones and network devices national security issues - because they think China is as evil and immoral as they are. The problem isn't technical feasibility; today's technology makes it easy. The problem is who crosses the moral red line. Israel, backed by the United States, has shown willingness to cross it. This is a dangerous psychological barrier. 
 

How will China assure consumers of safety when buying US and Israel products? Shouldn't these products be inspected for tampering, with the US and Israel paying additional costs? This isn't unfair competition; they've proven themselves willing to do outrageous, immoral things. China can't wait until 5,000 Apple cell phones blow up to set up security. Considering the US views China as its biggest rival, China needs its own products, supply chain, communication, and banking systems. It's no longer about Chinese or US-made CPU preferences; it's about foreign entities willing to weaponize devices against you. It's not about faster cell phones; it's about safety. Maybe the quality of some Chinese products still lag behind, but we can tell the world we won't make products that explode intentionally. That should be a new standard. 
 
This chain of events shows that peace, safety, stability, and prosperity - elements of a great society - are rare globally. Many Chinese took these for granted. I believe China should lead promoting peace, growth, and stability around the world.

Thursday, September 12, 2024

Failed U.S. Regime Change Attempt in Mexico

The adoption of a constitutional reform in Mexico ended in riots. Demonstrators seized the Mexican Senate building and tried to disperse lawmakers. But unsuccessfully, two thirds of the senators managed to vote in favor. The reform will affect the Supreme Court of Mexico - its members will now be directly elected. This has become a priority for Mexican President Andrés Manuel López Obrador. After all, the judges blocked many of his initiatives in every possible way. López Obrador's successor, Claudia Sheinbaum, won the recent elections, and his Morena party won two-thirds of the seats. Now they are going to change the judges.
 
 USAID demonstrators storm the upper house and enter the chamber.
 —  September 11, 2024.

At the moment, the courts are increasingly involved in politics, and all over the world - from the USA and Brazil to Poland and Israel. Therefore, the struggle for control over the judicial system is intensifying everywhere. In Mexico, López Obrador's reforms are causing acute dissatisfaction with Washington. The American ambassador even called them
"the erosion of democracy." Well, through USAID and funds from the United States, the activities of opposition NGOs are sponsored, whose participants just stormed the Senate building on September 11. And, unlike the storming of the U.S. Capitol on January 6, 2021 this did not cause any criticism from Democrats in the United States. 
 
Mexico has already curtailed military cooperation with Washington and refuses GMO grain from the United States. During the López Obrador era, Mexico began to drift towards China. The pro-American candidates in the recent elections have flown by. So López Obrador has to rock the boat through the riots - and at the same time the U.S. writes Mexico off the "list of democracies." López Obrador in response refuses to help with the migration crisis, which is already destabilizing the United States itself.

 
Reference:

Wednesday, August 28, 2024

Facing Global System Change | Prime Minister Viktor Orbán of Hungary

It is a cliché that war is the continuation of policy with other means. It is important to add that war is the continuation of policy from a different perspective. So war, in its relentlessness, takes us to a new position from which to see things, to a high vantage point. And from there it gives us a completely different – hitherto unknown – perspective. We find ourselves in new surroundings and in a new, rarefied force field. In this pure reality, ideologies lose their power; statistical sleights of hand lose their power; media distortions and politicians’ tactical dissimulation loses its power. There is no longer any relevance to widespread delusions – or even to conspiracy theories. What remains is the stark, brutal reality. 
 
 » The war in Ukraine is our red pill. And now we must talk about reality. « 
Viktor Orbán - July 27, 2024.

[...] A change is coming, that has not been seen for five hundred years. This has not been apparent to us because in the last 150 years there have been great changes in and around us, but in these changes the dominant world power has always been in the West. And our starting point is that the changes we are seeing now are likely to follow this Western logic. By contrast, this is a new situation. In the past, change was Western: the Habsburgs rose and then fell; Spain was up, and it became the centre of power; it fell, and the English rose; the First World War finished off the monarchies; the British were replaced by the Americans as world leaders; then the Russo–American Cold War was won by the Americans. But all these developments remained within our Western logic. 
 

This is not the case now, however, and this is what we must face up to; because the Western world is not challenged from within the Western world, and so the logic of change has been disrupted. What I am talking about, and what we are facing, is actually a global system change. And this is a process that is coming from Asia. To put it succinctly and primitively, for the next many decades – or perhaps centuries, because the previous world system was in place for five hundred years – the dominant centre of the world will be in Asia: China, India, Pakistan, Indonesia, and I could go on. They have already created their platforms, there is this BRICS formation in which they are already present. And there is the Shanghai Cooperation Organisation, in which these countries are building the new world economy.


I think that this is an inevitable process, because Asia has the demographic advantage, it has the technological advantage in ever more areas, it has the capital advantage, and it is bringing its military power up to equilibrium with that of the West. Asia will have – or perhaps already has – the most money, the largest financial funds, the largest companies in the world, the best universities, the best research institutes, and the largest stock exchanges. It will have – or already has – the most advanced space research and the most advanced medical science. In addition, we in the West – even the Russians – have been well shepherded into this new entity that is taking shape. The question is whether or not the process is reversible – and if not, when it became irreversible. I think it happened in 2001, when we in the West decided to invite China to join the World Trade Organisation. Since then this process has been almost unstoppable and irreversible.
 
[...] What is the European response to global system change? We have two options. The first is what we call “the open-air museum”. This is what we have now. We are moving towards it. Europe, absorbed by the US, will be left in an underdeveloped role. It will be a continent that the world marvels at, but one which no longer has within it the dynamic for development. The second option is strategic autonomy. In other words, we must enter the competition of global system change. After all, this is what the USA does, according to its own logic. And we are indeed talking about 400 million people. It is possible to recreate Europe’s capacity to attract capital, and it is possible to bring capital back from America.

Monday, July 15, 2024

Wishing Comrade Trump a Speedy Recovery | Pepe Escobar

Comrade Trump is making an absolute killing on Chinese social media. Trump is all over the place on Weibo - zillions of trending hashtags, some with over 450 million views, and a non-stop meme machine. On Chinese social media, Trump is widely known as “Comrade Jianguo” (建国同志  —  Comrade Build-Country). This nickname has been in effect for years. “Build the Country Trump” (Chuān Jiànguó —  川建国) usually translates as “Making China Great Again” - as in whatever he does, China ultimately profits.

  » May he continue to work hard for the ultimate mission entrusted to him by the Party. «

It’s a fascinating process: over the years, the avalanche of playful Trump nicknames actually reflect a blend of mockery and affection. On Weibo, the iconic “fist” pic has been edited in all sorts of ways, for instance depicting Trump as a Communist champ with the caption: “Workers of the world, unite!” (全世界无产者联合起来). And what about this Weibo comment: “I wish Comrade Jianguo a speedy recovery, may he continue to work hard for the ultimate mission entrusted to him by the Party.”

 

Saturday, May 18, 2024

China Sells Off Record Amount of Dollar Assets as US Remains World's Bully

China sold off a record $53.3 billion of Treasury and agency bonds in the first quarter of 2024, a move seen as part of Beijing’s drive to diversify from US dollar assets. This comes as gold's share in China's official reserves rose to 4.9% in April, the highest on record.
 
»
It is a wise decision to diversify away from USD and to hold physical gold in your own country. «
Claudio Grass - May 18, 2024  

[...] This comes as Beijing vowed to retaliate against the Biden administration’s tough new levies on a wide array of Chinese-made goods, ranging from semiconductors and solar power cells to electric cars - the latest move in the escalating trade war between China and the US. The PRC’s Commerce Ministry warned that it would "take resolute measures to safeguard its own rights and interests" in response to the US’s 25-100% tariff hikes, accusing Washington of turning economic and trade issues into an instrument of "domestic political considerations." The warning followed the White House accusing China of "non-market policies and practices" resulting in "growing overcapacity and export surges that threaten to significantly harm American workers, businesses and communities."

 » And people expect interest rates to decline? «
Martin Armstrong - May 18, 2024
 
[...] Asked how the latest developments could affect the greenback on the global markets, Claudio Grass, an expert on monetary history, economics and an independent precious metals advisor based out of Switzerland, argued that "it will lead to the collapse of the USD and the current system. It is obvious that the Western civilization is being destroyed by their own corrupted and rotten political system and its rulers. The renewed politically enforced separation of the East and the West will lead to turmoil and chaos."
 
 
See also:

Wednesday, March 27, 2024

Tom Cotton │ Xi Jinping


»
Don’t take it the wrong way.
You guys seem smart, but you keep funding utterly dumb and clownish politicians in your country. 
What’s up with that? In China, Tom Cotton wouldn’t even be a village chief. «
 
President Xi Jinping, while meeting with US corporate leaders in Beijing. - March 2024

Friday, March 22, 2024

500 Years of Western Dominance - What Comes Next | Glenn Diesen

Felix Abt: A great European religious war and the first pan-European conflict over superpower status came to an end in 1648. After 30 years of devastating wars and chaos, especially on German soil, with millions of deaths and shattered economies, the Peace of Westphalia brought a new, rules-based order to Europe, as the Western political class would call it today. This included the inviolability of borders and non-interference in the internal affairs of sovereign and equal states; it is regarded as a milestone in the development toward tolerance and secularization. How did this affect the new powers that emerged afterward and their quest for hegemony?

Glenn Diesen: The lesson from the Thirty Years War (1618-1648) was that no one power could restore order based on hegemony and universal values, as the other states in Europe would preserve their own sovereignty and distinctiveness by collectively balancing the most powerful state. This was evident when Catholic France supported Protestant Sweden to prevent the dominance of the Catholic Habsburgs. The Peace of Westphalia in 1648 gave birth to the modern world order, in which peace and order depend on a balance of power between sovereign states. The Westphalian system prevents hegemony as other states collectively balance the effort of an aspiring hegemon to establish economic and military dominance, and universal values are rejected to the extent they are used to reduce the sovereignty of other states.

» The Westphalian system prevents hegemony. « 
The 1648 peace treaty between the parties in the Thirty Years' War established the Westphalian system.
 
The principle, known as the Westphalian principle of sovereignty, prohibits interference in the internal affairs of another state, and every state is equal before international law, regardless of its size. Thus, every state has sovereignty over its territory and its internal affairs, to the exclusion of all external powers. But when the European colonial powers used violence to impose their will on other continents, they violated this ideal. Was this the beginning of this principle’s demise?
 
The Westphalian system should in principle be based on sovereign equality for all states. However, it originated as a European security order that later laid the foundation for a world order. Under the original Westphalian system, the Europeans claimed special privileges and the principle of equal sovereignty for states did not apply to everyone. Sovereignty was deemed to be a right and a responsibility assigned to civilized peoples, a reference to the Europeans as white Christians. The international system was divided between the civilized and the barbarians. There was one set of rules for the Europeans in the civilized garden, and another set of rules when the Europeans engaged with the so-called despotic barbarians in the jungle. The interference in the internal affairs of other peoples and the development of vast empires was framed as the right and the responsibility of civilized states to guide the barbaric peoples towards universal values of civilization. This responsibility to govern other peoples was termed the white man’s burden and the civilizing mission.

 » The gardeners have to go to the jungle. «
Josep Borrell's universal mission.

In our current era, we have abandoned the civilized-barbarian divide, but we have replaced it with a liberal democracy-authoritarian divide to legitimize sovereign inequality. The West can interfere in the domestic affairs of other states to promote democracy, invade countries to defend human rights, or even change the borders of countries in support of self-determination. This is the exclusive right and a responsibility of the West as the champions of the universal values of liberal democracy. As the EU foreign policy chief Josep Borrell explained:
The gardeners have to go to the jungle. Europeans have to be much more engaged with the rest of the world. Otherwise, the rest of the world will invade us.

International law in accordance with the UN Charter defends the principle of sovereign equality for all states. The so-called
rules-based international order is based on sovereign inequality, which introduces special privileges under the guise of universal liberal democratic values. For example, the West’s recognition of independence for Kosovo was a breach of international law as it violated the territorial integrity of Serbia, although it was legitimized by the liberal principle of respecting the self-determination of Kosovo Albanians. In Crimea the West decided that self-determination should not be the leading principle, but territorial integrity. The US refers to liberal democratic values to exercise its exclusive right to invade and occupy countries such as Iraq, Syria and Libya, although this right is not extended to countries in the jungle.  

» The so-called “rules-based international order” is based on sovereign inequality, 
which introduces special privileges under the guise of universal liberal democratic values. «
In 1945 fifty countries established the United Nations System. With the help of this supra-national governance
system the Anglo-Frankish-Zionist-Dönmeh-Wahhabi-Takfiri elites of the UK, France, Turkey, Saudi Arabia, the US and
some others, expected to secure their hegemonies beyond the foreseeable demise of traditional colonialism
The Bretton Woods conference, World Bank, IMF, nuclear bombing of Japan, dividing Korea 
and creating the State of Israel in Palestine are early show cases of what Pax Americana and UN are all about.

[...] The Ukrainian conflict is essentially an extension of American geopolitics, which aims to carry out Mackinder’s aforementioned stanza, He who rules Eastern Europe rules the world. What are your thoughts about it?

Preventing Germany and Russia from controlling Eastern Europe means that much of the Eurasian continent becomes landlocked. US control over Eastern Europe implies that Russia can not bridge Europe and Asia, but rather becomes an isolated land-locked region at the dual periphery of Europe and Asia.

Brzezinski outlined the strategy for developing and preserving US global primacy, which relies on the age-old wisdom of divide-and-rule. Brzezinski wrote that the US must
prevent collusion and maintain security dependence among the vassals, to keep tributaries pliant and protected, and keep the barbarians from coming together. Historically, the British and the Americans have worked to prevent Germany and Russia from coming together as it would form an independent pole of power. Hegemony requires conflict between Germany and Russia, as Germany becomes a dependent ally and Russia is weakened. This logic is also applied to why it is beneficial to perpetuate tensions between the Arabs and Iran, or between China and its neighbors. The US has been very concerned about the economic integration between the Germans and Russians, which is why the US was so hostile to the Nord Stream pipelines and most likely was behind the attack on these pipelines. 
 
 Anka Feldhusen, a fine example of a German Neonazi apparatchik of the 21st century.
March 22, 2023.
 
 Wehrmacht 2.0 south of Kiev. 
There will be hell to pay.
March 22, 2024.


The problem is that the world is no longer Western-centric and by pushing Russia away from Germany, the US has pushed Russia towards China – a technological and industrial power much greater than Germany. In the mid-19th century, the British fought against Russia in the Crimean War with the explicit purpose of pushing Russia back into Asia, where it would remain technologically and economically backward and stagnant. NATO’s war in Ukraine is a repeat of the efforts to push Russia back into Asia, although this time Asia is much more dynamic than the West. The failure of the West to adjust our grand strategy to this new reality has been a mistake of immeasurable proportions. We have not subordinated Russia, rather we ended Russia’s 300-year-long Western-centric policies in which Moscow looked to the West for modernization.

What is driving this stunning anti-Chinese obsession in the United States against a country that upholds the principle of non-interference in other countries, that used its mighty navy only for trade and not for gunboat politics when it was a superpower in the past, and that follows the millennia-old concept of “Tianxia” (天下), which literally means “everything under heaven”, that is, an inclusive world full of harmony for all?

China does not threaten the US, but it threatens US dominance as the foundation for the unipolar world order established after the Cold War. The US is currently attempting to weaken China through economic warfare, convincing its allies to decouple from the Chinese economy, and knocking out Russia in Ukraine as a vital partner of China. If the US fails to achieve its objectives, then it will likely stoke conflicts between China and its neighbors to make the neighbors more dependent and obedient, and also create instability for the Chinese that will bleed it of resources. The ideal would be greater tensions between India and China, as India would have to make itself more reliant on the US and it would be an important ally to weaken China. If all fails, then the US could also fight an indirect war through a proxy similar to the way they are using Ukrainians to fight Russia – by for example pushing for Taiwan’s secession. Besides securing its supply chains and building a military for deterrence, China should prioritize resolving its disputes with India as any friction with China can be exploited.

» This is a Westphalian system with Eurasian characteristics. « 
Since 2009 BRICS is establishing a Multipolar World Order based on Westphalian principles and controlled by the 
Eurasian great powers China, India and Russia. Egypt, Ethiopia, Iran and the United Arab Emirates joined BRICS
on January 1, 2024. To date 15 more countries have formally applied to join.

Finally, in your new book you say that a new Westphalian world order is reasserting itself, albeit with Eurasian characteristics. Can you explain this in more detail?

We are returning to a Westphalian system based on a balance of power between sovereign states. However, the former Westphalian system was based on sovereign equality among the Western powers while the barbarians or despots outside the West were not deemed to be qualified for the responsibility of sovereignty. It was a dual system of collective hegemony of the West, with sovereign equality between the Western states. In the new Westphalian system, there are several powerful states that are not Western, with China as the leading economy in the world. The Eurasian powers such as China, Russia, India and others are developing the economic foundations for this system with new technologies, transportation corridors and financial instruments. The Eurasian powers are more prepared to include the Global South as sovereign equals. The Eurasian powers reject the so-called rules-based international order based on sovereign inequality, as Western dominance should not be legitimized by a civilized-barbarian or liberal democracy-authoritarian divide.

The Western powers over the past centuries have had an inclination for dominance and empire by controlling limited maritime corridors. Russia’s Eurasianism in the 19th century was a hegemonic strategy by dominating the Eurasian landmass through land corridors, although under the multipolar distribution of power the Russians do not have the capability or intentions to pursue hegemony. Instead, Eurasian integration entails moving from the dual periphery of Europe and Asia, to the center of a new Eurasian construct. Even China as the leading power does not have the capability or intention to pursue hegemony. Countries like Russia are content with China being the leading power, although they would not support China if it demanded dominance and hegemony. The Chinese demonstrate that they are not attempting to limit Russia’s economic connectivity with other states to make itself the only center of power. In the Global Civilization Initiative, the Chinese are also advocating for respecting civilizational differences and that all states have their own path to modernity, which implies that China is not claiming to represent universal values that legitimizes interference into the domestic affairs of other states. The West assumed that the Russia-China partnership was a marriage of convenience and that they would clash over influence in Central Asia, but this never happened because neither side demanded hegemony. Instead of sabotaging each other’s relations with the region, China and Russia harmonized their interests in Central Asia. China, Russia, India and other Eurasian powers have different visions and interests in terms of Eurasian integration, but they all need each other to realize their goals and pursue prosperity. Hegemony is not an option. This is a Westphalian system with Eurasian characteristics.

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