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Donald Trump wants to fundamentally change U.S. foreign policy. The President-elect wants to abandon the destabilizing wars and regime change operations that have characterized US policy in the past and work collaboratively with countries like Russia that have a mutual interest in fighting terrorism and establishing regional security. Here's an excerpt from the speech Trump... Read More
Photograph courtesy of Munich Security Conference, distributed under a CC-BY 2.0 license.
The main architect of Washington’s plan to rule the world has abandoned the scheme and called for the forging of ties with Russia and China. While Zbigniew Brzezinski’s article in The American Interest titled “Towards a Global Realignment” has largely been ignored by the media, it shows that powerful members of the policymaking establishment no... Read More
Why the PCR Won't Get Sucked Into a Pointless War with the United States
China’s meteoric rise has Washington worried, not because China is a threat to its neighbors or to US national security, but because China’s influence is expanding across the region. It’s creating the institutions it needs to finance its own development (AIIB and New BRICS Bank), it’s building the infrastructure needed to connect the continents with... Read More
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Carter Takes Over
The United States will do whatever is necessary to maintain its dominant position in the world. Less than two years ago, no one thought that Washington would topple a regime on Moscow’s doorstep, insert a US-backed stooge in Kiev, arm and train neo-Nazi extremists in the Ukrainian Army, instigate and oversee a vicious war of... Read More
The New Silk Route/Silk Road. Credit: NASA/Goddard Space Flight Center, Wikimedia Commons
The Skirmish in the Spratlys
The vast build up of military assets in the Asia-Pacific signals a fundamental change in U.S. policy towards China. Washington no longer believes that China can be integrated into the existing US-led system. Recent actions taken by China– particularly the announcement that it planned to launch an Asian Infrastructure Investment Bank (AIIB) that would compete... Read More
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Pivot Insanity
US Secretary of Defense Ashton Carter is willing to risk a war with China in order to defend “freedom of navigation” in the South China Sea. Speaking in Honolulu, Hawaii on Wednesday, Carter issued his “most forceful” warning yet, demanding “an immediate and lasting halt to land reclamation” by China in the disputed Spratly Islands.... Read More
Get Vlad!
On February 10, 2007, Vladimir Putin delivered a speech at the 43rd Munich Security Conference that created a rift between Washington and Moscow that has only deepened over time. The Russian President’s blistering hour-long critique of US foreign policy provided a rational, point-by-point indictment of US interventions around the world and their devastating effect on... Read More
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Ukraine, Russia and China
US provocations in Ukraine cannot be understood apart from Washington’s “Pivot to Asia”, which is the broader strategic plan to shift attention from the Middle East to Asia. The so called “re-balancing” is actually a blueprint for controlling China’s growth in a way that is compatible with US hegemonic ambitions. There are different schools of... Read More
Hard Landing in China? It's Just a Matter of Time
An uptick in manufacturing activity in March has eased fears of a hard landing, but China is not out of the woods yet, not by a long-shot. The industrial powerhouse has succumbed to the same problems as its trading partners in the West who were thrust into crisis by soaring real estate prices, reckless credit... Read More
Anything Goes
China is preparing to launch a program that will create the same complex debt-instruments that triggered the global financial crisis in 2008. The pilot program will allow banks to convert pools of loans into securities via off-balance sheet securities firms called Special Purpose Vehicles (SPV) or Structured Investment Vehicles (SIV). The process, which is called... Read More
The Next Shoe to Drop
The deepening debt crisis in the eurozone and increasingly poor economic data in the US, have overshadowed rapidly deteriorating conditions in the world's second biggest economy. The China miracle is quickly becoming a nightmare as credit default swaps (CDS) spike parabolically to 3-year highs and stocks plunge "dragging the Hang Seng Index to its biggest... Read More
Now That's Chutzpah!
Is there anything more irritating than listening to US officials blabber about "human rights"? Here's Hillary Clinton bashing China for their "deplorable" human rights record, and meanwhile Bradley Manning sits naked and freezing in a 6' by 8' cinderblock cell in some far-flung American gulag waiting to get fingernails yanked out. And that's just for... Read More
Why We Should be Grateful to China
Say what you will about Alan Greenspan, he was never a whiner. Unfortunately, the same can't be said about present Fed chairman Ben Bernanke. Bernanke's speech on Friday at a conference for the European Central Bank (ECB) was so full of crybaby blabber that attendees must have thought they'd ducked into a Frankfort daycare center... Read More
The Class War Goes on in Beijing, Just as It Does in Washington
There's no doubt that China manipulates its currency to gain an advantage over its competitors. There's also no doubt that Treasury Secretary Timothy Geithner will do everything in his power to avoid a confrontation with China's President Hu Jintao when he arrives in Washington in two weeks. That's why Geithner has decided to shelve Treasury's... Read More
Corporate Whines
A war of words has broken out between China and the United States and the pundits are predicting that it will end in a full-blown trade war. The Obama administration thinks that China is manipulating its currency to gain an unfair trade advantage and increase its exports. China's Premier Wen Jiabao's adamantly denies the charge.... Read More
A Recipe for More Lost Jobs at Home
Barack Obama took Hu Jintao to task on Tuesday, scolding the dejected-looking Chinese leader at a press conference held in Beijing. Obama delivered one ferocious jab after another, claiming that China's dollar-peg has cost the US millions of high-paying manufacturing jobs while creating gigantic trade imbalances which have destabilized the global economy and thrust the... Read More
"We're All Linked"
Things are getting worse. Since September, $16 trillion has been erased from global stock market value. Losses in the US--where the financial turmoil originated--have been much smaller than other, more vulnerable markets. The Dow is down less than 40 percent from its peak of 14,000, whereas Hong Kong, Poland and China have all tumbled more... Read More
"A Generalized Meltdown of Financial Institutions"
Reality has finally caught up to the stock market. The American consumer is underwater, the banks are buried in dept, and the housing market is in terminal distress. The Dow is now below its 200-Day Moving Average -- the first big "sell" signal. Anything below 12,500 could trigger program-trading and crash the market. The increased... Read More
The Long Fall
America is finished, washed up, kaput. Foreign investors and central banks around the world have lost confidence in US markets and are headed for the exits. The dollar is sinking, the country is insolvent, and its leaders are barking mad. That's bad for business. Investors are voting with their feet. They've had enough. Capital is... Read More
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