Green Energy
Bloomberg:
- China Warns ... Is It Smoot Hawley Redux Or Overdue Righting Of The Trade War Going On Since The 70's?
China warns of trade war if U.S. bill passesBeijing accuses U.S. senate of “politicising” trade issues * Warns of trade war, says bill would violate WTO rules * Forcing the yuan higher would damage world recovery * Says bill will not address underlying...
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China floats the idea of selling two-thirds of its US debt China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings. From Will at The Other News: All those who were hoping global stock markets would surge tomorrow based on a ridiculous rumor...
- And It Wasn't George Bush - Imf Bombshell: Age Of America Nears End
This is a DIRECT RESULT of mismanagement and choices made by THIS ADMIN.Commentary: China’s economy will surpass the U.S. in 2016BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.For the first...
- Real Wealth Is Based On What We Create For A Profit, Everything Else Is Baloney
Including financial instruments. Even if we solve our problem, what will we be manufacturing, building, creating, producing? Rising home values will not solve a damn thing. It will only give us the MIRAGE of things being better. Financial...
- It's Time To Ignore The Un - Officially
It's time to ignore the UN - OFFICIALLY China repeats it in accord with Russia on Iran BEIJING (Reuters) - China said on Thursday, a day after Russian President Vladimir Putin left Beijing, that Beijing and...
Green Energy
And as the USA SQUEEZES the life out of Rus and Iran with oil supplies burgeoning … Beijing’s $24 billion currency swap program to help Russia is a sign of things to come.
Bloomberg:
China Steps In as World’s New Bank
Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank may no longer have much meaningful work to do.
Beijing’s move to bail out Russia, on top of its recent aid for Venezuela and Argentina, signals the death of the post-war Bretton Woods world. It’s also marks the beginning of the end for America’s linchpin role in the global economy and Japan’s influence in Asia.
What is China’s new Asian Infrastructure Investment Bank if not an ADB killer? If Japan, ADB’s main benefactor, won’t share the presidency with Asian peers, Beijing will just use its deep pockets to overpower it. Lagarde’s and Kim’s shops also are looking at a future in which crisis-wracked governments call Beijing before Washington.
China stepping up its role as lender of last resort upends an economic development game that’s been decades in the making. The IMF, World Bank and ADB are bloated, change-adverse institutions. When Ukraine received a $17 billion IMF-led bailout this year it was about shoring up a geopolitically important economy, not geopolitical blackmail.
Chinese President Xi Jinping's government doesn't care about upgrading economies, the health of tax regimes or central bank reserves. It cares about loyalty. The quid pro quo: For our generous assistance we expect your full support on everything from Taiwan to territorial disputes to deadening the West’s pesky focus on human rights.
This may sound hyperbolic; Russia, Argentina and Venezuela are already at odds with the U.S. and its allies. But what about Europe? In 2011 and 2012, it looked to Beijing to save euro bond markets through massive purchases. Expect more of this dynamic in 2015 should fresh turmoil hit the euro zone, at which time Beijing will expect European leaders to pull their diplomatic punches. What happens if the Federal Reserve’s tapering slams economies from India to Indonesia and governments look to China for help? Why would Cambodia, Laos or Vietnam bother with the IMF’s conditions when China writes big checks with few strings attached?
Beijing’s $24 billion currency swap program to help Russia is a sign of things to come.
- China Warns ... Is It Smoot Hawley Redux Or Overdue Righting Of The Trade War Going On Since The 70's?
China warns of trade war if U.S. bill passesBeijing accuses U.S. senate of “politicising” trade issues * Warns of trade war, says bill would violate WTO rules * Forcing the yuan higher would damage world recovery * Says bill will not address underlying...
-
China floats the idea of selling two-thirds of its US debt China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings. From Will at The Other News: All those who were hoping global stock markets would surge tomorrow based on a ridiculous rumor...
- And It Wasn't George Bush - Imf Bombshell: Age Of America Nears End
This is a DIRECT RESULT of mismanagement and choices made by THIS ADMIN.Commentary: China’s economy will surpass the U.S. in 2016BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.For the first...
- Real Wealth Is Based On What We Create For A Profit, Everything Else Is Baloney
Including financial instruments. Even if we solve our problem, what will we be manufacturing, building, creating, producing? Rising home values will not solve a damn thing. It will only give us the MIRAGE of things being better. Financial...
- It's Time To Ignore The Un - Officially
It's time to ignore the UN - OFFICIALLY China repeats it in accord with Russia on Iran BEIJING (Reuters) - China said on Thursday, a day after Russian President Vladimir Putin left Beijing, that Beijing and...