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Skipping Victory Day in Moscow West Unwillingly Made Russia and China Get Much Closer

The news that Western leaders skipped the Victory Day celebrations in Moscow on May 9 hit the radar screen. Chinese leader Xi Jinping was at the top of the guest list. Did they pull a boner? It has become the most frequently asked question in the United States and Europe... Claire de Morsier of French Le Temps wrote that ignoring the Moscow festivities was tactless and even dangerous... In its comments on the presence of Chinese President Xi Jinping at the military parade Newsweek wrote that it was the event «some analysts have described as a "Nixon Goes to China" moment in reverse»... There is ground for coming to this kind of conclusions. The West does its best to confirm the fact. Educated people in the West have heard at least something about the role of the Soviet Union. But they know nothing about the China’s contribution into the Second World War...

Dmitry MININ | 20.05.2015


 

Obama on the TPP: Beckoning Us to the Graveyard

The arrogance and hegemonic intent of the statement is astonishing even though it has become routine for the U.S. elite. What gives the United States, a country of 300 million on the opposite side of the vast Pacific, the right to determine the rules of trade for East Asia, which includes China, a country of 1.3 billion people? The U.S. can no longer assert that privilege based on its economic power since its gross GDP, measured in Purchasing Power Parity is now, according to the IMF, second to China’s.

EDITOR'S CHOICE | 18.05.2015


 

US wakes up to New (silk) World Order

The real Masters of the Universe in the U.S. are no weathermen, but arguably they’re starting to feel which way the wind is blowing. History may signal it all started with this week’s trip to Sochi, led by their paperboy, Secretary of State John Kerry, who met with Foreign Minister Lavrov and then with President Putin.

EDITOR'S CHOICE | 17.05.2015


 

Banks Rule the World, but Who Rules the Banks? (II)

...Here we can recall a study by specialists from the Zurich Institute of Technology in Switzerland, the aim of which was to reveal the controlling core of the global economic and financial system. In 2011, the Swiss specialists calculated that there were 1,128 companies and banks at the core of global finance at the beginning of the financial crisis (2007). An even denser core of 147 companies was revealed within this conglomerate. The authors of the study estimated that this smaller core controlled 40 per cent of all corporate assets in the world...

Valentin KATASONOV | 15.05.2015


 

Stopping the Trans-Pacific Partnership is a “Black Issue”

EDITOR'S CHOICE | 12.05.2015


 

Meetings in Moscow and West’s Foreign Policy Gaffes

The absence of Western leaders at the celebration of the 70th anniversary of Victory in Moscow on May 9 demonstrates the myopy of the West, according to Italian ex-PM, leader of the «Forza, Italia» party Silvio Berlusconi who published an open letter in Italian Corriera della Sera newspaper... One can understand his feelings. The leaders of China, India, Egypt, South Africa, Vietnam, Mongolia and many other states came to Moscow on Victory Day. Against this background the absence of those who lead the member states of North Atlantic Alliance became a minor event. It was not as important as Western leaders tried to paint it...

Alexei BALIEV | 11.05.2015


 

War Threat Rises as Economy Declines

...Washington’s aggression and blatant propaganda have convinced Russia and China that Washington intends war, and this realization has drawn the two countries into a strategic alliance. Russia’s May 9 Victory Day celebration of the defeat of Hitler is a historical turning point. Western governments boycotted the celebration, and the Chinese were there in their place. For the first time Chinese soldiers marched in the parade with Russian soldiers, and the president of China sat next to the president of Russia...

Paul Craig ROBERTS | 11.05.2015


 

Washington versus Beijing: Curbing the Yuan

One of the monetary and financial tensions between China and the US is the possibility of the yuan becoming a reserve currency... Every five years, the IMF carries out a review of the reserve currency basket. The next review is due at the end of 2015. Experts believe that the Chinese currency meets all the requirements of a reserve currency... According to some reports, a number of countries (most notably Germany and Australia) might support China during the currency basket review in December 2015... Washington’s vote against the yuan could put paid to the International Monetary Fund once and for all, and this would lead to a radical restructuring of the global financial order that would not be to the benefit of Washington and the US dollar...

Valentin KATASONOV | 11.05.2015


 

China Offers a World Bank Alternative

This must be what Washington policymakers muttered to themselves following the decision by their allies in London, Paris, Rome, and Berlin to  join a new development bank  proposed by Beijing.

EDITOR'S CHOICE | 30.04.2015


 

Pepe Escobar: Eurasian emporium or nuclear war?

A high-level European diplomatic source has confirmed to Asia Times that German chancellor Angela Merkel’s government has vigorously approached Beijing in an effort to disrupt its multi-front strategic partnership with Russia.

EDITOR'S CHOICE | 08.04.2015




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OUR COLUMNIST
    Valentin KATASONOV

A meeting on the Elbe River, but without Russia: the G7 Finance Ministers’ meeting

The Group of Seven (G7) Finance Ministers’ meeting is to take place in Dresden (Saxony) in Germany on 27-29 May. It will be the Group of Seven’s last major event before the G7’s final full-scale summit at Schloss Elmau in the Bavarian Alps on 7-8 June 2015. The Group of Seven is made up of Germany, the US, Canada, Japan, France, Great Britain and Italy...

28.05.2015
 
 
 
 
 
 
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