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The IMF Changes its Rules to Isolate China and Russia

December 18, 2015

The IMF Changes its Rules to Isolate China and Russia The nightmare scenario of U.S. geopolitical strategists seems to be coming true: foreign economic independence from U.S. control. Instead of privatizing and neoliberalizing the world under U.S.-centered financial planning and ownership, the Russian and Chinese governments are investing in neighboring economies on terms that cement […]

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Exorbitant Privilege: “The Dollar is Our Currency but Your Problem”

September 4, 2015

Exorbitant Privilege: “The Dollar is Our Currency but Your Problem” The Global Monetary Architecture: Change is on the Horizon There is no better way to descibe the international monetary system today than through the statement made in 1971 by U.S. Treasury Secretary, John Connally. He said to his counterparts during a Rome G-10 meeting in […]

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China Targets Dollar, Washington Has Conniptions

April 3, 2015

China Targets Dollar, Washington Has Conniptions Now even Israel – joined at the hip to the US though the relationship has run into rough waters – has applied to become a founding member of the China-led Asian Infrastructure Investment Bank. Despite US gyrations to keep them from it, over 40 countries, including bosom buddies Australia, […]

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Washington Blinks: Will Seek Partnership With China-Led Development Bank

March 23, 2015

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 […]

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The new order emerges

March 23, 2015

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 […]

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China’s ‘Marshall Plan’ Will Not Solve Overcapacity in China’s Economy

February 13, 2015

China’s ‘Marshall Plan’ Will Not Solve Overcapacity in China’s Economy The majority of industries in China face severe overcapacity, which seriously threatens the smooth functioning of China’s economy. Despite China’s high hopes, “the road map for launching an Asian Investment Bank” remained only a plan at the APEC summit this year. In addition, the Mexican […]

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Olduvai IV: Courage
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