The transfer of the geopolitical center of gravity to Eurasia is something the West will have to get used to William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics, “New Eastern Outlook” I recently returned from a fascinating two week speaking tour … Continue reading The Eurasian Century Is NOW Unstoppable
Infrastructure financing needs of the five BRICS countries was discussed at the annual meet of the New Development Bank’s board of directors in Shanghai on Wednesday. The NDB was launched by the BRICS nations last year and is seen by its members as an alternative to the World Bank.
from The BRICS Post, Global Research:
On Wednesday, Chinese Vice Premier Zhang Gaoli said the new lender needs to attract more capital into infrastructure and boost greater economic cooperation between the BRICS countries.
“The BRICS nations and developing countries will have a greater say in global economic governance,” he said.
BRICS members like India and South Africa are struggling with infrastructure deficit.
India needs over $1.5 trillion in…
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by Eric Draitser, via MintPressNews
Major protests have gripped South Africa in recent months as political forces have emerged to give voice to a growing discontent with the government and ruling party. Beneath the surface of these demonstrations organized around legitimate grievances, however, there’s an undercurrent of political manipulation.
South Africa and its ruling African National Congress (ANC) party have been targeted for destabilization due to the country’s burgeoning relationship with China and other non-Western nations, most obviously typified by South Africa’s inclusion in BRICS, the association of the five major emerging economies of Brazil, Russia, India, China and South Africa.
Last year, for example, China surpassed the United States and European Union as South Africa’s largest trade partner, and the ANC has been hard at work promoting further trade cooperation. Answering questions in the National Assembly, Deputy President Cyril Ramaphosa explained: “We trade more effectively with China because…
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History rarely unfolds like a fairy tale. The march of social progress can sometimes be slow and dull, while at other times dramatic and terrifying, but it never stops. Human civilization is now enduring a harsh period of radical adjustment, and everyone should be bracing for the ground to shake.
[Editor’s note: As we keep saying, the West is NOT Capitalist, they have killed the West with their own feudal greed; it IS a monopolist Corporate Fascist Conglomerate as the TPP and the TTIP are proving it to be. Bring back real Capitalism, with checks and balances against monopolies, invest in small and medium private businesses once again, and the West will thrive! They will become job creators instead of job seekers or social welfare dependents.
Please note that we would replace the word ” capitalist” in this article ” with corporate fascist” and we promote the Russian model more than the Chinese, who please note: has had the benefit of US industries moving into the country lock stock and barrel bringing their economy into the 21st century, which accounts for the growing number of Chinese ” billionaires,” while Americans have been losing their jobs at an alarming rate as…
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The NDB decided to provide $300 million to Brazil, $81 million to China, $250 million to India and $180 million to South Africa. The bank estimates that the renewable energy field projects with a combined capacity of 2.37MW together can help reduce the amount of harmful emissions by 4 million tons annually.
The decision to approve the first loans, which are to be handed out in tranches, was approved by the NDB at the board of governors on the sidelines of the International Monetary Fund (IMF) and the World Bank spring meetings in Washington DC, RIA reported.
The NDB decided to provide $300 million to Brazil, $81 million to China, $250…
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