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Showing posts from February 6, 2016

The IMF Changes its Rules to Isolate China and Russia

By Michael Hudson - Guns and Butter


Dr. Hudson discusses his paper, The IMF Changes Its Rules To Isolate China and Russia; implications of the four policy changes at the International Monetary Fund in its role as enforcer of inter-government debts; the Shanghai Cooperation Organization (SCO) as an alternative military alliance to NATO; the Asian Infrastructure Investment Bank (AIIB) threatens to replace the IMF and World Bank; the Trans Pacific Partnership Treaty; the China International Payments System (CIPS); WTO investment treaties; Ukraine and Greece; different philosophies of development between east and west; break up of the post WWII dollarized global financial system; the world dividing into two camps.

Posted February 05, 2016





A New Global Financial Cold War

By Michael Hudson

A nightmare scenario of U.S. geopolitical strategists is coming true: foreign independence from U.S.-centered financial and diplomatic control. China and Russia are investing in neighboring economies on terms …

Syria's Enemies Seek Face Saving Escalation Measures

By Moon Of Alabama


The Russian military said Thursday that it has "reasonable grounds" to suspect that Turkey is making intensive preparations for a military invasion of neighboring Syria.

Images of a checkpoint on the border between the Turkish town of Reyhanli and the town of Sarmada in Syrian taken in late October and late January show a buildup of transportation infrastructure that could be used for moving in troops, ammunition and weapons, spokesman Maj. Gen. Igor Konashenkov said in an English-language written statement.

He said these were among growing signs of "hidden preparation of the Turkish armed forces for active actions on the territory of Syria.
...
A Turkish Foreign Ministry official said the ministry would have no immediate comment.

The Russian high command press briefing (vid with English subtitles) includes the pictures of the border post.

Turkey yesterday prohibited a Russian reconnaissance "Open Skies Treaty" flight over the Turkish-Syrian borde…

Peace Talks “Paused” After Putin’s Triumph in Aleppo

By Mike Whitney


“This is the beginning of the end of jihadi presence in Aleppo. After 4 years of war and terror, people can finally see the end in sight.”

— Edward Dark, Twitter, Moon of Alabama

A last ditch effort to stop a Russian-led military offensive in northern Syria ended in failure on Wednesday when the Syrian Arab Army (SAA) backed by the National Defense Forces (NDF) and heavy Russian air cover broke a 40-month siege on the villages of Nubl and al-Zahra in northwestern Aleppo province. The Obama administration had hoped that it could forestall the onslaught by cobbling together an eleventh-hour ceasefire agreement at the Geneva peace talks. But when the news that Syrian armored units had crashed through al Nusra’s defenses and forced the jihadists to retreat, UN envoy Staffan de Mistura suspended the negotiations tacitly acknowledging that the mission had failed.

“I have indicated from the first day that I won’t talk for the sake of talking,” the envoy told reporters, saying he…