There’s the fate of the petrodollar to consider.

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The Birth of a Eurasian Century

Huffington Post 

May 19, 2014

By Pepe Escobar

A specter is haunting Washington, an unnerving vision of a Sino-Russian alliance wedded to an expansive symbiosis of trade and commerce across much of the Eurasian land mass – at the expense of the United States.

And no wonder Washington is anxious. That alliance is already a done deal in a variety of ways:

  • through the BRICS group of emerging powers (Brazil, Russia, India, China, and South Africa);
  • at the Shanghai Cooperation Organization, the Asian counterweight to NATO;
  • inside the G20; and
  • via the 120-member-nation Non-Aligned Movement (NAM).

BildTrade and commerce are just part of the future bargain. Synergies in the development of new military technologies beckon as well. After Russia’s Star Wars-style, ultra-sophisticated S-500 air defense anti-missile system comes online in 2018, Beijing is sure to want a version of it. Meanwhile, Russia is about…

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Washington’s Worst Fear: China-Russian Unity

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ChinaRussian Unity – Washington’s Worst Fear


By Stephen Lendman  Bild

  • China is an economic powerhouse. It’s the world’s second largest economy. It’s heading for number one status. Perhaps sooner than most expect. It’s growth way outdistances America. It’s multiples greater.
  • Russia matches Washington’s military might. It does so in nuclear weapons strength. With sophisticated delivery systems. Able to strike global targets accurately. With hugely destructive force. Enough to decimate potential adversaries. Perhaps to discourage potential aggression. Russia is rich in what China needs most. Oil and gas mainly. Technological expertise. Industrial equipment. Sophisticated weapons. Each nation is significant separately. They’re able to challenge America responsibly.
  • Together they’re a powerful combination. A force for world peace. For multi-polarity. For humanity. For weakening Washington’s imperium. Sino-Russian ties stress unity. They’re strategically important. They’re stronger than ever in modern times. They’re deepening. They expanding. Washington is increasingly concerned…

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Warning: Ukraine and NATO

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Warning: Ukraine Is At A Flashpoint | Peak Prosperity

May 4, 2014

By Chris Martenson via Peak Prosperity,

Regrettably, I am very close to issuing an official Alert over the situation in Ukraine as it has continued to both escalate and deteriorate.

Bild…The situation involving the tug of war between the West and Russia regarding Ukraine has steadily worsened over time and now involves outright economic warfare…For an already weakened western and Japanese financial system that is still heavily leveraged, the risks are very high for financial blowback by Russian – and possibly Chinese – agencies. Imagine a possible energy war, where Russia basically cuts off gas for Europe (that could spill over more broadly if things go badly). Or even more worrisome, a shooting war between the East and the West.

One significant risk in this story is that the die-hard ‚military first‘ neocons who control US foreign policy have not encountered a real foe…

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McKinsey hat die Globalisierung vermessen.

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Deutschland ist einer der Sieger der Globalisierung –



Von Winand von PetersdorffCampen

BildDie Bewohner der Erde arbeiten, tauschen und kommunizieren viel häufiger über Grenzen hinweg als früher. Und dieser wachsende Austausch macht die Volkswirtschaften reicher…

  • „Weltweite Ströme von Waren, Kapital, Menschen, Dienstleistungen und – das ist neu – Daten sind Basis unseres Wohlstands“, schreibt

McKinsey zu ihrer ganz frischen Untersuchung („Global flows in a digital age: How trade, finance, people, and data connect the world economy“). Das Institut schätzt, dass

  • der weltweite Austausch zusätzliches Weltwirtschaftswachstum generiert – 15 bis 25 Prozent des Gesamtwachstums. 

Die Berater identifizieren zwei machtvolle Kräfte, die den internationalen Austausch prägen: Da ist zum einen 

  • der wachsende Wohlstand in Schwellenländern und
  • die Ausbreitung des Internets und digitaler Technologien.

Die Berater haben Zahlen und Daten über den zwischenstaatlichen Austausch jedweder Art für den Zeitraum von 1980 bis 2012 zusammengetragen. Sie haben gemessen…

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Avoiding the low-growth trap!

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Going for Growth – OECD


Feb 21, 2014

Economic Policy Reforms 2014  

Going for Growth: Avoiding the low-growth trap


Remarks by Angel Gurría, OECD Secretary-General

Sydney, 21st February 2014  ,

„Ladies and Gentlemen,

This new issue of Going for Growth comes at a time of transition for the global economy:

  • we see the recovery strengthening in advanced economies, albeit at a different speed,
  • while growth in emerging countries is slowing, also at different pace. But our report recognizes and analyses one major concern shared by all :
  • the risk of falling into a low-growth trap. The widespread deceleration in productivity in recent years is one reason to worry about this. Of course, productivity can move up and down with economic activity and has done so many times in the past. However,
  • some key drivers of productivity growth – credit, investment and…

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Thinking about how lucky we are in Thailand…

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Secular stagnation and endless protests –


By Tientip Subhanij.

Once again, it has been a terrible month for Thai politics. Tension is building up everywhere… Against this chaotic background, the country’s economic outlook is being revised down again.

  • Third-quarter gross domestic product growth was lower than expected, at just 2.7%, compared with 2.9% in the second quarter. The National Economic and Social Development Board (NESDB) said
  • the slowdown mainly reflected a sharp contraction in investment, which decreased 6.5%.
  • Domestic consumption, which makes up about half of GDP, also contracted 1.2% due to lower spending on automobiles after the first-car tax rebate scheme expired.
  • For 2013, the NESDB cut its GDP growth forecast to 3%, from a range of 3.8% to 4.3% projected in August…

BildThis lower growth pattern appears to be a worldwide phenomenon. The IMF has continued to revise down its already low global growth…

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