Archives Economics - Page 11 of 11 - New Eastern Outlook
27.04.2023 Phil Butler
Economic Collapse. Dollar. Gold. USA

Brazil’s Luiz Inacio Lula da Silva has called on BRICS nations to create an alternative to replace the dollar in foreign trade. Other experts suggest President Joe Biden’s policies will destroy America’s middle class for good. The news comes when China and Russia strengthen ties with Brazil and Latin America. Brazil’s leader questioned the institution of the U.S. dollar as the world’s trade currency in the first place and asked why each country could not trade in its currency. This brings to the forefront the historical moment when the gold standard was abolished in favor of the current system. When President Richard Nixon moved to abolish the gold standard…

13.04.2023 Salman Rafi Sheikh
How China is Managing its BRI Partners: New Findings

For a very long time, most Western states – and financial institutions, such as the International Monetary Fund (IMF) – have framed China’s Belt and Road Initiative (BRI) as a massive “debt trap” that China is using to establish its geopolitical tentacles across the world. For Washington, China’s spread threatened its own unilateral hegemony that it…

28.03.2023 Phil Butler

There’s a lot more to the news that India-based defense company BrahMos Aerospace will soon close a deal to sell Indonesia supersonic cruise missiles worth at least $200 million than meets the eye. The India-Russia joint venture via BrahMos could have lasting geopolitical effects in Southeast Asia and on the current American…

02.03.2023 Seth Ferris

Few nowadays remember how the fall of the Eastern Bloc actually played out in real time. In the West, the perception was that the system was so tightly controlled that it was impregnable. As long as Westerners heard the old slogans, it convinced them Communism was alive and well, and as evil as ever, as they saw it. In the actual…

01.03.2023 Salman Rafi Sheikh

It is “Globalization 2.0.” Indeed, this is how US officials led by Katharine Tai, the US Trade Representative, define the ‘new’ US Economic and Trade policy. “Globalization 1.0.” is said to have its limitations and that “Globalization 2.0” will overcome these limitations for Washington. In a testimony to the US Senate in March 2022, Tai described...

21.02.2023 Seth Ferris

In Tbilisi, as in any other European capital, you will see Turkish restaurants. There has always been a Turkish community in Georgia, and neighbouring Azerbaijan is a Turkic state, speaking a similar language. So there is nothing unusual about Georgia being like everywhere else in this regard. However Georgia is a very nationalistic country…

25.01.2023 Phil Butler

What is the price of a Yale professor? If you wanted to buy one lock, stock, and barrel, depending on what you want to use one (or two) for, the cost could be pretty steep. More often than not, today’s Ivy League know-it-all types seem like soap salespeople. Whoever supplies the grant money gets the squeaky brain grease...

09.06.2019 Nina Lebedeva

Discussions, meetings and banquets at the 2019 Belt and Road Forum in Beijing have finally come to an end. More than 150 delegates attended this event. What can we discern about this project at this stage? Have any new sceptics, opponents or proponents of China’s global initiative, which celebrated...

05.03.2019 Salman Rafi Sheikh

17085Last two weeks saw Saudi Arabi’s Mohammad bin Salman (MBS visiting Asia—Pakistan, India and China— for the first time ever. Promises of investment were made, signalling how Saudi Arabia was pushing towards expanding its economy globally. Although the visit seems to have been…

20.01.2019 Martin Berger

All across the globe alternative media sites would typically describe George Soros as the mastermind of a “globalist” movement, who would undermine any society it can profit from through subversion, manipulation and trickery. As it's been revealed by the Telegraph, George Soros, the billionaire...