politics for the 99%

Published on Global Research.ca (first on Strategic Culture Foundation), by Mahdi Darius Nazemroaya, Aug 31, 2015;

The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by Washington and Wall Street.  

Fearing the eclipsing of the US dollar and the Bretton Woods system by a rival financial architecture the US response has been an attempt to damage the Chinese markets and increase the value of China’s currency. China has responded through regulations in the market and then quantitative easing of its currency to maintain the low prices of Chinese manufactured goods and exports.

Beijing’s quantitative easing is a reaction or response to the financial manipulation of Washington and Wall Street. Additionally, Washington never thought that the Chinese would respond by dumping US Treasury bonds. Instead of the hysteria about the Chinese economy, «the impending collapse of the US dollar should be getting all of the attention of investors», one US economist (Peter Schiff) has warned. Schiff’s voice is one of many analysts saying that the talk about the Chinese economy faltering is exaggerated and bad spirited.

Financial War against China, Russia: America’s War against the «Community of Destiny»: … //

… The Chinese Dragon Strikes Back: Beijing Liquidates its US Bonds: … //

… The Eclipsing of the US Dollar by the Chinese Renminbi:

Wall Street should be worried about the economic problems at home in the US instead of trying to undermine China. The talk about the slowing down of the Chinese economy in part is distraction. It diverts attention from the decline of the US and is meant to enforce the efforts of Washington and Wall Street to rein in Beijing. The Chinese, however, continue to move forward undeterred.

Beijing selected Qatar as its first renminbi clearing house in the Middle East and North Africa for regional exchange markets there in April 2015. The name of this clearing house is the Qatar Renminbi Centre. It will circumvent US financial structures and give greater access to oil and natural gas from the Middle East and North Africa to the People’s Republic of China.

Despite the wishes of Wall Street and Washington, the Silk World Order is moving forward.

(full text).

Links:

Understanding Contemporary Capitalism, Part I, on Triple Crisis, by David Kotz, Sept 10, 2015;

Amerika will „etwas mehr“ Flüchtlinge aufnehmen, Frankfurter Allgemeine, 10. Sept 2015: Angesichts der Flüchtlingskrise in Europa geraten die Vereinigten Staaten unter Druck, auch zu helfen. Bislang hat die Weltmacht kaum Leute aus Syrien aufgenommen. Das soll sich jetzt ändern. Aber wird es mehr als eine symbolische Geste sein?
LifeBlog Flüchtlingskrise, 10. Sept 2015;

World Bank Economist: Rate Hike Will Spark ‘Panic and Turmoil’ in Emerging Markets, on NewsMax/Finance, Sept 9, 2015;

Wolf Richter: Corporate Revenue Recession Spreads past Dollar, Energy, on naked capitalism, by David Dayen, Sept 9, 2015;

Syrian Refugee Recounts Harrowing Journey, 11.29 min, on Freespeech.org, Sept 9, 2015 (first on Democracy Now);

A Continent Adrift: Juncker Proposes Fixes to EU’s Broken Asylum Policies, on Spiegel Online International, by , Sept 9, 2015: Europe’s asylum policies are broken: That much has become clear in recent weeks amid the huge numbers of refugees entering the EU from the Western Balkans. Can policymakers bring the situation under control?
Special Page: Asylum and Migration, related articles, background features and opinions about this topic;

Full Show 9/8/15: Mainstream media dismisses Bernie Sanders, 57.13 min, uploaded by The Big Picture RT, Sept 9, 2015 … websites: Thom Hartmann; Freespeech.org FS TV;

Huffington Post Arabic and the Absurdity of “Liberal” Expectations, on Dissident Vice, by Ramzy Baroud, September 9, 2015;

Völker, hört ihr nicht die Signale? Frankfurter Allgemeine, von Stephan Löwenstein, Sept 9, 2015: Ungarn setzt mit Blick auf die Flüchtlingsströme auf Abschreckung. Doch bislang hat sich diese Strategie als wirkungslos erwiesen. Viele Vorfälle illustrieren die Hilflosigkeit der Polizei;

Nasty Legacies, on nakec capitalism (first on Z Magazine), by Edward S. Herman, Sept 9, 2015;

The War Against Women – College Campuses and American Culture, on english teleSURtv.net, by Vincent Emanuele, Sept 7, 2015: For decades, women around the world have resisted patriarchy and the culture and institutions that produce it. But where are their allies?

Audio – NAKED KEYNESIANISM’s Matias Vernengo Lays out the Greek Crisis and options, 17.31 min, on The Rick Smith Show, Sept 3, 2015;

Militarism Run Amok: Russians and Americans Get Their Kids Ready for War, on Zblogs, by Lawrence Wittner, Aug 31, 2015;

Song: “I Didn’t Raise My Boy to Be a Soldier”, singing against the war, on History Matters.gmu.edu;

Farm Studies Illiteracy Test, on Zblogs, by Brad Wilson, Aug 31, 2015;

Central America Rising, on english teleSURtv.net, by , Aug 26, 2015: teleSUR examines the crises and opportunities in Guatemala, Honduras and El Salvador, and offers criticial analysis of the growing protest movements and the potential for a democratic resurgence in Central America;

The EU Is 1 Big Scam & The Ukraine Is It’s Next Victim, 11.00 min, uploaded by The Big Picture RT, March 25, 2014 … Dr. Richard Wolff (Richard Wolff disambiguation), Democracy At Work, joins Thom Hartmann …;