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Crashing currency chaos spreads across the Global South

Crashing currency chaos spreads across the Global South Cryptocurrencies show promise as economies stumble under sanctions and other pressures Iran oil exports will likely drop to just over 2 million barrels a day pushing the rial lower. Photo: iStock The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. […]

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‘Tweet of Mass Destruction’ ratchets up tension on Iran

‘Tweet of Mass Destruction’ ratchets up tension on Iran The Trump administration’s ultimate goal is regime change in Tehran, but was this just a distraction from the ‘treason’ in Helsinki as US Mid-Term elections loom? Or did he just want to destabilize the Eurasian giants and their New Silk Roads? Iranians burn an image of […]

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Eagle-meets-Bear and the Syria tug-of-war

Eagle-meets-Bear and the Syria tug-of-war Trump and Putin are likely to discuss the tricky situation in southern Syria when they meet; while the US president says he wants US forces back home, the CIA, Pentagon and Israel may be happier to see them stay so the war-torn state remains unstable Syrian government tanks and soldiers […]

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How the Iran sanctions drama intersects with OPEC-plus

How the Iran sanctions drama intersects with OPEC-plus Major states buying oil from Iran are unlikely to heed the US call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting output in the short-term; the puzzle is not solved, but there are dark clouds A file photo […]

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How the last superpower was unchained

How the last superpower was unchained Think of it as the all-American version of the human comedy: a great power that eternally knows what the world needs and offers copious advice with a tone deafness that would be humorous, if it weren’t so grim. If you look, you can find examples of this just about […]

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Iran diary: bracing for all-out economic war

Iran diary: bracing for all-out economic war While the dogs of war bark, the Ancient – and New – Silk Road goes on forever and a civilization with a long and proud history gets on with life Dawn comes to Imam Reza shrine in Mashhad. Photo: Asia Times/Pepe Escobar The minute you set foot in […]

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Syria, Iran and ‘chaos in international relations’

Syria, Iran and ‘chaos in international relations’ Any meaningful political resolution to the turmoil in the Middle East now seems more elusive than ever Syrian boys walk along a destroyed street in Douma on the outskirts of Damascus on April 16. Photo: AFP/Louai Beshara Even in the context of a post-truth geopolitical environment run amok, […]

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When it comes to Davos, it’s inequality, stupid

When it comes to Davos, it’s inequality, stupid This is what ‘the great and the good’ in the business world will not be discussing during the annual talk-fest at the Swiss luxury resort The curtain has gone up on the annual World Economic Forum in the Swiss resort of Davos. Photo: Reuters / Denis Balibouse […]

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The Spanish Civil War, revisited

Catalan President Carles Puigdemont signs a declaration of independence at the Catalan regional parliament in Barcelona, on October Photo: Reuters/Albert Gea The Spanish Civil War, revisited Puigdemont’s political twist could invoke a lethal response from Madrid: suspension of Catalonia’s government Call it theatre of the absurd – with a lethal subtext. Under pressure from all […]

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The future of the EU at stake in Catalonia

People react as they gather at Plaza Catalunya after voting ended for the banned independence referendum, in Barcelona, Spain October 1, 2017. Photo: Reuters/Susana Vera EUROPECATALONIA INDEPENDENCE The future of the EU at stake in Catalonia A new paradigm has been coined right inside the lofty European Union: ‘In the name of democracy, refrain from […]

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The real BRICS bombshell

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi attend the group photo session during the BRICS Summit at the Xiamen International Conference and Exhibition Center in Xiamen, southeastern China’s Fujian province, on September 4, 2017. Photo: Reuters/Kenzaburo Fukuhara/Pool The real BRICS bombshell Putin reveals ‘fair multipolar world’ concept in which oil contracts could […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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