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Tag Archives: World Bank
Who Benefits Most From Cheap Oil?
Who Benefits Most From Cheap Oil? We are living in a world obsessed with oil and its price movements. Some time back, when all the trade pundits were predicting a stable 100$ benchmark, the prices fell… and how! The current fall in the oil price has been particularly harsh and excruciating for some of the […]
Washington Blinks: Will Seek Partnership With China-Led Development Bank
Washington Blinks: Will Seek Partnership With China-Led Development Bank Don’t look now, but Washington just blinked. As we’ve documented exhaustively over the past week, pressure has been building steadily for the US to strike some manner of conciliatory tone towards China with regard to the Asian Infrastructure Investment Bank, a China-led institution aimed at rivaling the US/Japan-backed […]
The new order emerges
The new order emerges China and Russia have taken the lead in establishing the Asian Infrastructure Investment Bank (AIIB), seen as a rival organisation to the World Bank and the Asian Development Bank, which are dominated by the United States with Europe and Japan. These banks do business at the behest of the old Bretton […]
There’s Brussels And Then There’s Real People
There’s Brussels And Then There’s Real People Once again, a look at Greece and the Troika, because it amuses me, it angers me, and also because it warms my cockles, in an entirely metaphorical sort of way. The Troika members love to make it appear (and everyone swallows it whole) as if in their ‘negotiations’ […]
US “Isolated” As Key Ally Japan Considers Joining China-Led Bank
US “Isolated” As Key Ally Japan Considers Joining China-Led Bank Well, that escalated quickly. Just a week ago it appeared Washington had managed (for the time being at least) to convince the US’ closest allies to refrain from joining the Asian Infrastructure Investment Bank, a sinocentric institution aimed at promoting development across Asia that is […]
Cracks In Washington’s Empire
Cracks In Washington’s Empire Washington’s EU vassals might be finding their backbone. Britain, Germany, France, and Italy are reported to have defied Washington’s orders and applied to join the Chinese-led Asian Investment Bank. Australia, Japan, South Korea, Switzerland and Luxembourg might also join. Washington uses its development banks such as the Asian Development Bank, the […]
Plan B? Major European “Allies” Desert Obama, Join China-led Infrastructure Bank
Plan B? Major European “Allies” Desert Obama, Join China-led Infrastructure Bank It appears the sea of de-dollarization has reached the shores of Europe. With Australia and UK having already moved in the direction of joining the China-led AIIB, The FT reports that France, Germany, and Italy have now all agreed to join the development bank as ‘pivot to Asia’ appears to […]
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 […]
World Bank forecast causes markets to tumble
World Bank forecast causes markets to tumble Copper prices – seen as measure of global economy – fall along with shares, after growth prediction cut to 3% Copper prices fell and shares plummeted across Europe as markets reacted to the World Bank’s decision to cut its economic forecasts for this year and next. The price […]
U.S. & ‘International Banks’ Finance Ukraine’s Civil War Washington’s Blog
U.S. & ‘International Banks’ Finance Ukraine’s Civil War Washington’s Blog. On November 26th, Ukraine’s Prime Minister, Arseniy Yatsenyuk, said, “Our cabinet has resumed the program of activity and cooperation with the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD) and other banks. Today international investors are not ready to go to the […]
Wealth Inequality Is Not A Problem, It’s A Symptom – The Automatic Earth
Wealth Inequality Is Not A Problem, It’s A Symptom – The Automatic Earth. NPC Dedication, George Washington Masonic Memorial, Alexandria, VA Nov 1 1923 A comment on an article that comments on a book. I don’t think either provides, for the topic they deal with, the depth it needs and deserves. Not so much a criticism, more […]
