ISDEI Instituto de Seguridad, Defensa y Estudios Internacionales

Discussions of the possible collapse of the U.S. dollar often center around how such an event will affect the domestic economy Image Credits: 2bgr8 / Wiki (Base image) Discussions of the possible collapse of the U.S. dollar often center around how such an event will affect the domestic economy. But the dollar doesn’t just operate inside of a bubble. It is the world’s reserve currency for a reason. Some sixty-six countries world-wide either utilize it as their primary currency or peg their own currencies to its exchange rate. What this means, as noted by Future Money Trends in the micro documentary below, is that if and when the dollar does come under attack the fallout will be everywhere. The collapse will happen simultaneously and affect billions of people worldwide. This is 33% of the nations of the world all submitting their currency sovereignty to the US Federal Reserve. If and when the U.S. loses its currency status this will be a literal collapse of the entire global monetary sy...

By Francesco Sisci BEIJING - The recent friction between China and the United States over flights of surveillance planes along China's coasts and Beijing's allegations of foreign meddling in the issue of the Hong Kong's elections - a thinly veiled denunciation against the US - show apparent strain in China's trust of Washington. In some ways, then bilateral ties are at a new low, possibly similar to the time in April 2001 when a Chinese plane crashed into a US EP-3 surveillance plane and the EP-3 made an emergency landing on Hainan, an island in southeast China and the country's most important submarine base. Yet before looking at the particular situation, we may want to take a broader approach to some of the issues of power and power management, starting from something dear to the hearts and minds of many, West and East: money. Napoleon said that for war you need three things: money, money, and money. For this reason, he was clear that the battle against his main e...

A column of Ukrainian tanks travels in Donetsk region on September 3, 2014.(AFP Photo / Anatolii Stepanov) The Ukrainian president and the heads of the self-proclaimed People's Republics of Donetsk and Lugansk have said they are ready to order a ceasefire if peace talks in Minsk, Belarus on Friday are successful. "At 14:00 local time (11:00GMT Friday), provided the [Minsk] meeting takes place, I will call on the General Staff to set up a bilateral ceasefire and we hope that the implementation of the peace plan will begin tomorrow," Petro Poroshenko said on the sidelines of a NATO summit in Wales on Thursday. On Wednesday, Poroshenko expressed “great hope” that the peace process in Ukraine will commence in Minsk on September 5, when representatives of Kiev, Moscow and OSCE (Organization for Security and Co-operation in Europe) are scheduled to meet. #Ukraine war death toll: 837 soldiers, 3000+ wounded - Security Council http://t.co/4EAnNL9D5O pic.twitter.com/RJJJpRwRfp —...

An east-Ukrainian rebel inspects a gun at a destroyed war memorial at Savur-Mohyla, a hill east of the city of Donetsk, August 28, 2014. (Reuters / Maxim Shemetov) The US President says it is now “provable” that "Russian combat forces and tanks" moved into Ukraine. But Kremlin says Obama’s words are in conflict with the State Department that said it has no proof of Russian troops in the area. A statement from the Russian president’s spokesman Dmitry Peskov came in response to Barack Obama’s address to the Baltic States’ leader. Speaking ahead of NATO summit, President Obama said that the US has no doubt that Russian troops are involved in the fighting in eastern Ukraine. "The Russian forces that have now moved into Ukraine aren't on a 'humanitarian' or 'peacekeeping mission.' They are Russian combat forces with Russian weapons in Russian tanks. There are Russian warheads with Russian weapons and Russian tanks. Now, these are the facts. They are prova...

Maxim Zmeyev / ReutersThe Russian food import ban announced in early August has left European exporters struggling to find new markets. Russia's ban on imports of food from Europe, part of its response to EU sanctions imposed over the Ukraine crisis, could cost the European Union 5 billion euros ($6.6 billion) a year, according to an internal EU document. Russia, which is the EU's second biggest food market after the United States, decreed the one-year ban on Aug. 6. on European fruits and vegetables, dairy products and meat, accounting for almost half of the bloc's food exports to Russia. Big fruit and vegetable exporters such as Poland and the Netherlands are already feeling the impact of the embargo and the European Commission, the EU executive, is seeking ways to compensate farmers or find new markets for the food. Germany, which has led the EU's decision to impose sanctions on Russia, is also suffering as one of the bloc's main meat and dairy exporters. "T...

Militants from the Islamic State group carried out a mass killing of hundreds of Iraqi soldiers captured when the extremists overran a military base north of Baghdad in June, a leading international watchdog said today. The incident at Camp Speicher, an air base that previously served as a U.S. Military facility, was one of the worst atrocities perpetrated by the Islamic State group in its lightning offensive that seized large swaths of northern and western Iraq. According to Human Rights Watch, new evidence indicates the Islamic State fighters killed between 560 and 770 men captured at Camp Speicher, near the city of Tikrit a figure several times higher than what was initially reported. "These are horrific and massive abuses, atrocities by the Islamic State, and on a scale that clearly rises to the crimes against humanity," Fred Abrahams, special HRW advisor, told media in Irbil today. The al-Qaida-breakaway claimed in mid-June that it had "executed" about 1,700 so...

By Alan Hart  I must start by saying that Jihadism is my necessary headline shorthand for violent Islamic fundamentalism in all of its manifestations. In this article I'm going to ask and offer answers to two main questions. The first is - Where does this madness come from? I mean what is it, really, that gives birth and life to violent Islamic fundamentalism?  In my analysis it is essentially the product of Muslim hurt, humiliation and anger plus, for many Muslims, the misery and despair of poverty (the absence of some or even all of the basic necessities for life with dignity).  In that light those of our so-called leaders who believe violent Islamic fundamentalism can be eradicated with bombs and bullets either lack commonsense or are stupid.  The hurt, humiliation and anger that gives birth and life to violent Islamic fundamentalism have two main causes. One is the authoritarianism and corruption of regimes throughout the Arab and wider Muslim world plus their co...