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“Quantitative Easing with Chinese Characteristics”
China went from one of the poorest countries in the world to global economic powerhouse in a mere four decades. Currently featured in the news is DeepSeek, the free, open source A.I. built by innovative Chinese entrepreneurs which just pricked the massive U.S. A.I. bubble. Even more impressive, however, is the infrastructure China has built, including 26,000 […]
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Is the Reign of the Dollar Coming to an End?
Jiang Tiefeng (China), Stone Forest, 1979. In early June, a rumour began to circulate – which was widely reported in the Indian press as true – that the government of Saudi Arabia had allowed its petrodollar agreement with the United States to lapse. This agreement, made in 1974, is quite straight-forward and fulfills various needs […]
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Overcapacity: The West’s New Narrative against China
This week we would like to recommend to you a Chinese song from 1967 called Bravely March On, Arab People! (奋勇前进，阿拉伯人民) in support of the pan-Arab movement. If you don’t have a lot of time, this is what you should know: For China, Iran’s attack on Israel was “an act of self-defense” The West’s new […]
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The Washington Post Bashes Xi Jinping
In the age of disinformation and artificial information, Jeff Bezos’ Washington Post (WaPo) manages to have some credibility. After its February 22 editorial, “Mr. Xi is tanking China’s economy,” Jeff Bezos would be wise to sell the newspaper. If those who lead the Editorial Board make childish mistakes and recite obvious falsehoods, can anyone believe […]
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On 1 January 2024, the World’s Centre of Gravity Will Shift
Abdel Hadi el-Gazzar (Egypt), The Popular Chorus or Food or Comrades on the Theatre of Life, 1948 (post-dated 1951). On the last day of the BRICS summit in Johannesburg, South Africa, the five founding states (Brazil, Russia, India, China, and South Africa) welcomed six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United […]
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War By Other Means: Short Selling JPMorgan
When the FDIC put Silicon Valley Bank (SVB) and Signature Bank into receivership in March, a study reported on the Social Science Research Network found that nearly 200 mid-sized U.S. banks were similarly vulnerable to bank runs. First Republic Bank went into receivership in May, but the feared contagion of runs did not otherwise occur. […]
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The Second Cold War Is More Dangerous than the First
Twenty years ago, Noam Chomsky published a bestselling book called Hegemony or Survival. Since then, the stark choice he posed has only become more urgent. Depending on how humanity responds to the challenges of ecological destruction and imperialistic war, in the coming decade that terrifying question “Hegemony or survival?” may well be answered. Modern history […]
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