"Many seek to become a Syndicated Columnist, while the few strive to be a Vindicated Publisher . . . "






Inquiries to: batrsartre@gmail.com



BREAKING ALL THE RULES








Iraq War Cost
###











BATR News Updates by email

Enter your email address:

Delivered by FeedBurner









Visit BATR News the compliment to BREAKING ALL THE RULES News


news you won't find in the mainstream media



A New Global Financial Cold War

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 that cement Eurasian integration on the basis of financing in their own currencies and favoring their own exports. They also have created the Shanghai Cooperation Organization (SCO) as an alternative military alliance to NATO.[1] And the Asian Infrastructure Investment Bank (AIIB) threatens to replace the IMF and World Bank tandem in which the United States holds unique veto power.

More than just a disparity of voting rights in the IMF and World Bank is at stake. At issue is a philosophy of development. U.S. and other foreign investment in infrastructure (or buyouts and takeovers on credit) adds interest rates and other financial charges to the cost structure, while charging prices as high as the market can bear (think of Carlos Slim’s telephone monopoly in Mexico, or the high costs of America’s health care system), and making their profits and monopoly rents tax-exempt by paying them out as interest.

By contrast, government-owned infrastructure provides basic services at low cost, on a subsidized basis, or freely. That is what has made the United States, Germany and other industrial lead nations so competitive over the past few centuries. But this positive role of government is no longer possible under World Bank/IMF policy. The U.S. promotion of neoliberalism and austerity is a major reason propelling China, Russia and other nations out of the U.S. diplomatic and banking orbit.

On December 3, 2015, Prime Minister Putin proposed that Russia “and other Eurasian Economic Union countries should kick-off consultations with members of the SCO and the Association of Southeast Asian Nations (ASEAN) on a possible economic partnership.”[2] Russia also is seeking to build pipelines to Europe through friendly secular countries instead of Sunni jihadist U.S.-backed countries locked into America’s increasingly confrontational orbit.

Read the entire article

Labels: , ,








Subscribe to Newsletter daily updates




Best Videos on BATR News








SARTRE Commentary
















Archives





BATR Tumblr Videos

BATR SARTRE YouTubes | 




national debt







Subscribe to BREAKING ALL THE RULES News by Email


BREAKING ALL THE RULES Updates

Enter your email address:

Delivered by FeedBurner



BATR News
sent to your email
Enter your Email


Powered by FeedBlitz







Batr Sartre | BREAKING ALL THE RULES Facebook

© 2000-2017: Another BATR Site

add BREAKING ALL THE RULES News to blogroll