China hails ‘close cooperation’ with Iran

Chinese Prime Minister Wen Jiabao has said that his country will maintain cooperation with Iran and foster ‘close coordination in international affairs’. Continue reading

MSM: China Needs U.S. Guarantees for Treasuries, Yu Says (Update2)

Feb 11(Bloomberg) China should seek guarantees that its $682 billion holdings of U.S. government debt won’t be eroded by “reckless policies,” said Yu Yongding, a former adviser to the central bank. Continue reading

Global Television for Our Future Global Leader

Surprise and even shock were among the reactions to my recent column about how elite members of the World Economic Forum (WEF) meeting in Davos, Switzerland, were considering a proposal for a new global television network to usher in a state of “global governance.” It sounded authoritarian, even totalitarian, to some.

Here are more of the troubling details. Continue reading

Popular Rage Grows as Global Crisis Worsens

As the global economic crisis deepens, tempers around the world are getting shorter. French and British trade unions are organizing strikes, Putin is sending troops into the streets and Beijing is trying to buy itself calm. A rally against car import duties in Krasnoyarsk, Russia: Citizens around the world are protesting against their governments’ handling of the economic crisis. Continue reading

The Davos World Economic Forum (WEF)

Competing Ideologies: Davos v. Belem

Founded in 1971, the Geneva-based World Economic Forum (WEF) meets annually in Davos, Switzerland to bring together top business and political leaders as well as mostly neoliberal minded intellectuals, economists, journalists, and others. Continue reading

MSM: Violent unrest rocks China as crisis hits

The collapse of the export trade has left millions without work and set off a wave of social instability Continue reading

Dump the Greenback: PM Putin suggests Russia, China ditch dollar in trade deals

MOSCOW, October 28 – Russian Prime Minister Vladimir Putin proposed on Tuesday that Russia and China gradually switch over to national currency payments in bilateral trade, expected to total $50 billion in 2008.

“We should consider improving the payment system for bilateral trade, including by gradually adopting a broader use of national currencies,” Putin told a bilateral economic forum.

He admitted the task would be tough, but said it was necessary amid the current problems with the dollar-based global economy. Continue reading