A “new multipolar global economy” just emerging

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How Wall Street execs got away with the crime of the century.

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Cohan: Prosecutors pulled punches, Wall Street walked …

The Salt Lake Tribune

Jan 22, 2014 

By William D. Cohan

Bloomberg View

BildOne of the most disturbing realities of the 2008 financial crisis is that no Wall Street executives have been held accountable. After searching more than five years for the reason some people have gotten away with the financial equivalent of murder, I think I have finally figured it out:           It’s the revolving door, stupid.         Bild

The chance for senior government officials to make millions of dollars after their public service ends convinces them – subliminally or not – to pull their punches.

  • No doubt that’s why Jimmy Cayne, the former chief executive officer of  Bear Stearns & Co., continues to enjoy playing bridge and golf, his $400 million-plus fortune, his sprawling mansion in Elberon, N.J., and his duplex at the Plaza Hotel.
  • It…

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Globalisation still favours the rich nations – but not for long.

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Globalization Still Favors the Rich – Bloomberg View

Bloomberg

1 May 2, 2014

By Leonid Bershidsky                    Bild

Reading between the lines of a just-released optimistic report on global flows of goods, services and finance by the McKinsey Global Institute, one can conclude that the

  • developed world is benefiting more from globalization than the developing one.
  • Emerging economies, however, are working doggedly to reverse that trend.

The institute, an arm of the McKinsey & Co. management consultancy, has accumulated a detailed database on cross-border flows between 195 countries from 1980 to 2012. It says the global flows in 2012 reached $26 trillion, or 36 percent of global gross domestic product, a 50 percent bigger share than in 1990. According to the report, the cross-border flows account for 15 to 25 percent of global economic growth each year, but the most „connected“ countries reap most of the benefits…

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We live in an interconnected world. Even individuals can play a larger role.

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Global flows in a digital age | McKinsey & Company

McKinsey Global Institute

April 2014 

ByJames Manyika, Jacques Bughin, Susan Lund, Olivia Nottebohm, David Poulter, Sebastian Jauch, and Sree Ramaswamy

BildGlobal flows have been a common thread in economic growth for centuries, since the days of the Silk Road, through the mercantilist and colonial periods and the Industrial Revolution. But today, the movement of goods, services, finance, and people has reached previously unimagined levels. Global flows are creating new degrees of connectedness among economies—and playing an ever-larger role in determining the fate of nations, companies, and individuals; to be unconnected is to fall behind… 

  • Flows of goods, services, and finance reached $26 trillion in 2012, or 36 percent of global GDP, 1.5 times the level in 1990. Now,
  • one in three goods crosses national borders, and
  • more than one-third of financial investments are international transactions.

In the next decade, global flows…

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New global order emerging…

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The NEW New World Order | Foreign Policy Journal

Foreign Policy Journal

Mar 31, 2014 

by Jim Miles  

„… It was a different world two decades ago.  The Soviet Union under Yeltsin’s had capitulated to the west and the slow march away from a democratizing state began.  The west had ‘won’ the Cold War and had it within its range to make a global ‘peace dividend’ with promises to not extend NATO into eastern Europe.  The U.S. economy, although already on the path to serious economic debt problems, had worked side by side with China for a new era of global prosperity, at the same time that the economic tide in Russia was all about asset stripping and the rise of the oligarchs…

One group ( in USA) had in mind to determine what kind of peace it was to be: the participants in the Project for a New American…

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The “sanctions war” between Washington and Moscow put the petrodollar at risk and thus the US-dollar.

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The Sanctions War: Washington Threatens Russia 

Global Research

April 05, 2014

By Tyler Durden

Bild“…The US dollar’s position as the base currency for global energy trading gives the US a number of unfair advantages. It seems that Moscow is ready to take those advantages away. The existence of “petrodollars” is one of the pillars of America’s economic might because it creates a significant external demand for American currency, allowing the US to accumulate enormous debts without defaulting.

If a Japanese buyer want to buy a barrel of Saudi oil, he has to pay in dollars even if no American oil company ever touches the said barrel. Dollar has held a dominant position in global trading for such a long time that even Gazprom’s natural gas contracts for Europe are priced and paid for in US dollars. Until recently, a significant part of EU-China trade had been priced in dollars.

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Partnerschaft mit China absolutely necessary II

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China in strategischer Rivalität mit den USA

Oct 20, 2008

By Franz Bernhard Nolte

Rivalität oder Partnerschaft mit China – Globalisierung zähmen

Bremen, den 02.08.2006

By Franz Bernhard Nolte

Bild

Objektiv gerät China mit den USA immer dann in Rivalität, wenn es sich von den Vereinigten Staaten in verschiedenen Weltregionen

  • in seiner Entwicklung und Entfaltung behindert fühlt. Aufgrund des dynamischen und wirtschaftlichen Wachstums und der günstigen Rahmenbedingungen für Investitionen wird sich der
  • Schwerpunkt der Weltwirtschaft verlagern nach Ostasien und in den asiatischen Teil der pazifischen Region…

In Zentralasien hat sich ein Staatenbündnis formiert, das von Moskau bis Peking reicht und die energie- und rohstoffreichen zentralasiatischen Staaten einschließt.

  • Die „Shanghaier Organisation für Zusammenarbeit“ (SOC) repräsentiert nach der Bevölkerungszahl die halbe Menschheit und ist für viele Nachbarstaaten, besonders in wirtschaftlicher Hinsicht,zunehmend attraktiv… Die Länder drängen nach vorne und es erinnert ein wenig an den unbändigen
  • Aufbruch Deutschlands und Japans nach dem Eintritt…

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