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The Rise Of The Yuan Continues: LME To Accept Renminbi As Collateral
The Rise Of The Yuan Continues: LME To Accept Renminbi As Collateral As far-fetched as the notion may be to those who are wedded – by choice, by misguided beliefs, or by virtue of being completely beholden to the perpetuation of the status quo – to idea that the dollar will forever retain its status […]
Russia Readies Fuel Deliveries To Athens, Will Support Greek “Economic Revival”
Russia Readies Fuel Deliveries To Athens, Will Support Greek “Economic Revival” Russia and Greece have a “special relationship of spiritual kinship and religious and historical affinity,” Vladimir Putin said yesterday, following the BRICS summit in Ulfa. Over the course of the unfolding crisis in Greece, Athens has at various times gone out of its way to remind Angela […]
Putin Leads BRICS Uprising
Putin Leads BRICS Uprising There’s been a virtual blackout of news from this year’s seventh annual BRICS summit in Ufa, Russia. None of the mainstream media organizations are covering the meetings or making any attempt to explain what’s going on. As a result, the American people remain largely in the dark about a powerful coalition […]
The U.S. And EU Will Collapse Regardless Of Economic ‘Contagion’
The U.S. And EU Will Collapse Regardless Of Economic ‘Contagion’ In order to understand what is really going on around the globe in terms of the collapsing economy, we must set aside false mainstream versions of reality. When it comes to the EU and its current fiscal turmoil, it is very important to, in some […]
Russian Pivot: Greece Will “Probably” Join BRICS Bank, Official Says
Russian Pivot: Greece Will “Probably” Join BRICS Bank, Official Says Greece has very little in the way of bargaining power with European creditors. Outside of gimmicks like tapping its SDR reserves, Athens has no cash to make payments to the IMF in June and, perhaps more importantly, there’s very little in the way of wiggle […]
China and the Gold Bugs
China and the Gold Bugs A Popular Myth One of the most persistent story lines among gold bugs and market participants who foresee the collapse of the dollar goes something like this: China and many emerging markets including the other BRICS are looking for a way out of the global fiat currency system. That system […]
“Brazil Just Getting Worse and Worse”
“Brazil Just Getting Worse and Worse” The “B” in the falling BRICS… Brazil is in a tough spot. Led by weak investment and plummeting confidence, growth, after slowing markedly since mid-2013, came to a virtual halt in 2014. This largely reflects the impact of diminished competitiveness, the erosion of policy credibility, owing to a persistent […]
Westward ho on China’s Eurasia BRIC road
Westward ho on China’s Eurasia BRIC road “…it is imperative that no Eurasian challenger (to the U.S.) emerges capable of dominating Eurasia and thus also of challenging America” Zbigniew Brzezinski, The Grand Chessboard, 1997 What’s in a name, rather an ideogram? Everything. A single Chinese character – jie (for “between”) – graphically illustrates the key […]
America’s Global Dominance (Since WW II) Has Just Ended
America’s Global Dominance (Since WW II) Has Just Ended On March 22nd, I headlined “Why the Western Alliance Is Ending,” and I listed the recent events which indicate that the Western Alliance doesn’t have much longer to go. And, now, it has actually already ended. The handwriting is on the wall, for everyone to see; it’s so […]
A Day In The Life Of A Falling BRIC
A Day In The Life Of A Falling BRIC It’s not that long ago, in 2001, that Jim O’Neill, then still with Goldman Sachs, coined the term BRICs, for the fast emerging markets of Brazil, Russia, India and China. O’Neill saw a global power shift from the west to these four nations happening. Fast forward […]
ECB Warns UK: Excluding Russia From SWIFT “Could Undermine Confidence In The Whole System”
ECB Warns UK: Excluding Russia From SWIFT “Could Undermine Confidence In The Whole System” As “isolated” Russia signs a military deal with Cyprus, agrees bilateral trade with Greece, ratifies the $100 billion BRICS Bank, and offers to trade advanced anti-aircraft missiles to Iran, it seems threats of more sanctions against Putin and his nation are finding resistance […]
De-Dollarization: Russia Ratifies $100 Billion BRICS Bank
De-Dollarization: Russia Ratifies $100 Billion BRICS Bank A BRICS Bank – as an IMF alternative and to enable nations to become less dependent on the global reserve currency – was originally discussed at The BRICS Summit in 2012. Thenat the 2014 BRICS Summit, the framework for The BRICS Bank was approved as “a system of measures that would help prevent […]
Could the U.S. Become the Unrivaled Superpower Again?
Could the U.S. Become the Unrivaled Superpower Again? That Grand Narratives based on short-term trends are often wrong should not surprise us. Two of the most durable and least-questioned narratives of the past 15 years are: 1. The world is becoming multipolar, meaning that rising power centers such as the BRIC nations (Brazil, Russia, India […]
‘BRICS becoming a significant alternative voice in the international arena’ — RT Op-Edge
‘BRICS becoming a significant alternative voice in the international arena’ — RT Op-Edge. BRICS could emerge as a voice for an alternative world view and development model as there is a good scope to take the relationship forward, Rajiv Sikri, former secretary at India’s Ministry of External Affairs, told RT. Russian President Vladimir Putin is […]
