Connect with us


Escobar: Russia-China Partnership Defangs US Empire

Escobar: Russia-China Partnership Defangs US Empire

Authored by Pepe Escobar,

China’s State Council has released a crucial policy paper…



Escobar: Russia-China Partnership Defangs US Empire

Authored by Pepe Escobar,

China’s State Council has released a crucial policy paper titled 'A Global Community of Shared Future: China’s Proposals and Actions' that should be read as a detailed, comprehensive road map for a peaceful, multipolar future.

That is if the hegemon - of course faithful to its configuration as War Inc. - does not drag the world into the abyss of a hybrid-turned-hot war with incandescent consequences.

In sync with the ever-evolving Russia-China strategic partnership, the white paper notes how “President Xi Jinping first raised the vision of a global community of shared future when addressing the Moscow State Institute of International Relations in 2013.”

That was ten years ago, when the New Silk Roads – or Belt and Road Initiative (BRI) - was launched: that became the overarching foreign policy concept of the Xi era. The Belt and Road Forum next month in Beijing will celebrate the 10th anniversary of BRI, and relaunch a series of BRI projects.

“Community of Shared Future” is a concept virtually ignored across the collective West – and in several cases lost in translation across the East. The white paper’s ambition is to introduce “the theoretical base, practice and development of a global community of shared future.”

The five key points include building partnerships “in which countries treat each other as equals”; a fair and just security environment; “inclusive development”; inter-civilization exchanges; and “an ecosystem that puts Mother Nature and green development first," as Xi detailed at the 2015 UN General Assembly.

The white paper forcefully debunks the “Thucydides Trap” fallacy: “There is no iron law that dictates that a rising power will inevitably seek hegemony. This assumption represents typical hegemonic thinking and is grounded in memories of catastrophic wars between hegemonic powers in the past.”

While criticizing the “zero-sum game” to which “certain countries” still cling to, China completely aligns with the Global South/global majority, as in “the common interests of all peoples around the world. When the world thrives, China thrives, and vice versa.”

Well, that’s not exactly the “rules-based international order” in play.

It’s All About Harmony

When it comes to building a new system of international relations, China prioritizes “extensive consultation” among equals and “the principle of sovereign equality” that “runs through the UN Charter.” History and realpolitik, though, dictate that some countries are more equal than others.

This white paper comes from the political leadership of a civilization-state. Thus it naturally promotes the “increase of inter-civilization exchanges to promote harmony” while elegantly remarking how a “fine traditional culture epitomizes the essence of the Chinese civilization.”

Here we see a delicate blend of Taoism and Confucianism, where harmony – praised as “the core concept of Chinese culture” - is extrapolated to the concept of “harmony within diversity”: and that is exactly the basis for embracing cultural diversity.

In terms of promoting a dialogue of civilizations, these paragraphs are particularly relevant:

“The concept of a global community of shared future reflects the common interests of all civilizations – peace, development, unity, coexistence, and win-win cooperation. A Russian proverb holds, 'Together we can weather the storm.'

"The Swiss-German writer Hermann Hesse proposed, 'Serve not war and destruction, but peace and reconciliation.' A German proverb reads, 'An individual’s effort is addition; a team’s effort is multiplication.' An African proverb states, 'One single pillar is not sufficient to build a house.' An Arabian proverb asserts, 'If you want to walk fast, walk alone; if you want to walk far, walk together.'

"Mexican poet Alfonso Reyes wrote, 'The only way to be profitably national is to be generously universal.' An Indonesian proverb says, 'Sugarcane and lemongrass grow in dense clumps.' A Mongolian proverb concludes, 'Neighbors are connected at heart and share a common destiny.' All the above narratives manifest the profound cultural and intellectual essence of the world.”

BRI Caravan Rolls On

Chinese diplomacy has been very vocal on the need to develop a “new type of economic globalization” and engage in “peaceful development” and true multilateralism.

And that brings us inevitably to the BRI, which the white paper defines as “a vivid example of building a global community of shared future, and a global public good and cooperation platform provided by China to the world.”

Of course, for the hegemon and its collective West vassals, BRI is nothing but a massive debt trap mechanism unleashed by “autocrat China”.

The white paper notes, factually, how “more than three-quarters of countries in the world and over 30 international organizations” had joined the BRI, and refers to the sprawling, ever-expanding connectivity framework of six corridors, six routes, an array of ports, pipelines and cyberspace connectivity, among others via the New Eurasian Land Bridge, the China-Europe Railway Express (a “steel camel fleet”) and the New Land-Sea Trade Corridor crisscrossing Eurasia.

A serious problem may involve China’s Global Development Initiative, whose fundamental aim, according to Beijing, is “to accelerate the implementation of the UN’s 2030 Agenda for Sustainable Development.”

Well, this agenda has been designed by the self-described Davos elites and conceptualized way back in 1992 by Rockefeller protégé Maurice Strong. Its inbuilt wet dream is to enforce the Great Reset – complete with a nonsensical zero-carbon green agenda.

Better Listen to Medvedev’s Warning

The hegemon is already preparing the next stages of its hybrid war against China – even as it remains buried deep down into a de facto proxy hot war against Russia in Ukraine.

Russian strategic policy, in essence, completely aligns with the Chinese white paper, proposing a Greater Eurasian Partnership, a concerted drive towards multipolarity, and the primacy of the Global South/global majority in forging a new system of international relations.

But the Straussian neocon psychos in charge of the hegemon’s foreign policy keep raising the stakes. So it’s no wonder that after the recent attack on the HQ of the Black Sea Fleet in Sevastopol, a new National Security Council report leads to an ominous warning by Security Council Deputy Chairman Dmitry Medvedev:

“NATO has turned into an openly fascist bloc similar to Hitler’s Axis, only bigger (...) It looks like Russia is being left with little choice other than a direct conflict with NATO (...) The result would be much heavier losses for humanity than in 1945."

The Russian Ministry of Defense, meanwhile, has revealed that Ukraine has suffered a staggering 83,000 battlefield deaths since the start of the - failed - counteroffensive four months ago.

And Defense Minister Shoigu all but gave away the game in terms of the long-term strategy, when he said, “the consistent implementation of measures and activity plans until 2025 will allow us to achieve our goals."

So the SMO will not be rounded up before 2025 – incidentally, much later than the next US presidential election. After all, Moscow’s ultimate aim is de-NATOization.

Faced with a cosmic NATO humiliation on the battlefield, the Biden combo has no way out: even if it declared a unilateral ceasefire to re-weaponize Kiev’s forces for a new counteroffensive in the spring/summer of 2024, the war would keep rumbling on all the way to the presidential election.

There’s absolutely no way some sharp intellect in the Beltway would read the Chinese white paper and be “infected” by the concept of harmony. Under the yoke of Straussian neocon psychos, there are zero prospects for a détente with Russia – not to mention Russia-China.

Both the Chinese and Russian leaderships know quite well how the Ray McGovern-defined MICIMATT (military-industrial-congressional-intelligence-media-academia-think tank complex) works.

The kinetic aspect of MICIMATT is all about protection of the global interests of big US banks, investment/hedge funds and multinational corporations. It’s not a coincidence that MICIMATT monster Lockheed-Martin is mostly owned by Vanguard, BlackRock and State Street. NATO is essentially a mafia protection racket controlled by the US and the UK that has nothing to do with “defending” Europe from the “Russian threat."

The actual MICIMATT and its NATO extension’s wet dream is to weaken and dismember Russia to control its immense natural resources.

War Against the New 'Axis of Evil'

NATO’s incoming graphic humiliation in Ukraine is now compounded with the inexorable rise of BRICS 11 – which embodies a lethal threat to the hegemon’s geoeconomics. There’s next to nothing the MICIMATT can do about that short of nuclear war – except turbo-charging multiple instances of Hybrid War, color revolutions and assorted divide-and-rule schemes. What’s at stake is no less than a complete implosion of neoliberalism.

The Russia-China strategic partnership of true sovereigns has been coordinating full-time.

Strategic patience is the norm. The white paper reveals the magnanimous facet of the number one economy in the world by PPP: that’s China’s response to the infantile notion of “de-risking”.

China is “de-risking” geopolitically when it comes to not falling for serial provocations by the Hegemon, while Russia exercises Taoist-style control to not risk a kinetic war.

Still, what Medvedev just said carries the implication that the hegemon on desperation row could even be tempted to launch WWIII against, in fact, a new “axis of evil” of three BRICS nations – Russia, China and Iran.

Secretary of the [Russian] National Security Council Nikolai Patrushev could not have been more crystal clear:

“In its attempts to maintain its dominance, the West itself destroyed the tools that worked better for it than the military machine. These are freedom of movement of goods and services, transport and logistics corridors, a unified system of payments, global division of labor and value chains. As a result, Westerners are shutting themselves off from the rest of the world at a rapid pace.”

If only they could join the community of shared future – hopefully on a later, non-nuclear, date.

Tyler Durden Sat, 09/30/2023 - 23:30

Read More

Continue Reading


NZD/USD rises on strong Services PMI

In New Zealand: New Zealand dollar rebounds after awful week Services PMI crawls into expansion territory Inflation expected to almost double in third…



In New Zealand:

  • New Zealand dollar rebounds after awful week
  • Services PMI crawls into expansion territory
  • Inflation expected to almost double in third quarter

The New Zealand dollar has started the week with strong gains. In the European session, NZD/USD is trading at 0.5919, up 0.55%. It was a miserable week for the News Zealand dollar, which fell 1.74%, its worst weekly performance since August.

The driver for today’s gains was the New Zealand Services PMI, which rose to 50.7 in September, up from 47. 7 in August. This reading is barely in expansion territory, but it indicates a welcome rebound after three straight declines – the 50 level separates contraction from expansion.

As is the case with most major economies, the services sector is in better shape than manufacturing. Last week’s Manufacturing PMI weakened to 45.3 in September, down from 46.1 a month earlier. This marked a seventh straight decline and was the lowest reading since August 2021.

Inflation is still on everyone’s mind and continues to have a strong impact on the currency markets. This was reiterated last week with last Thursday’s US inflation report, which remained unchanged at 3.7% and was just above the market estimate of 3.6%. The release unnerved investors and sent risk appetite and risk currencies tumbling. The New Zealand dollar was steamrolled, sliding 1.54% on Thursday.

New Zealand will release third-quarter inflation on Tuesday. The market estimate stands at 2.0% q/q, which would be a sharp rise from the 1.1% gain in the second quarter. The sharp rise in gasoline prices is expected to boost inflation. Core CPI, which excludes energy prices, will be closely watched by the central bank and policy makers will be looking for a decline on Tuesday. If that doesn’t happen, expectations of a rate hike in November will likely rise.


NZD/USD Technical

  • NZD/USD put pressure on resistance at 0.5942 earlier. The next resistance line is 0.5999
  • There is support at 0.5888 and 0.5827

Read More

Continue Reading


Oil Gets All the Attention, But Natural Gas Prices Are Soaring

Investors Alley
Oil Gets All the Attention, But Natural Gas Prices Are Soaring
While the price of crude oil gets the attention, you may be surprised how…



Investors Alley
Oil Gets All the Attention, But Natural Gas Prices Are Soaring

While the price of crude oil gets the attention, you may be surprised how much natural gas has gained over the last six months. With the winter heating season approaching, the setup for natural gas and gas producers is very bullish…

Natural gas was a hot topic in 2022. The shutoff of Russian gas to western Europe caused the price of gas to go from around $3.50 per million BTU at the start of last year up to $9.40/MMBtu in August 2022. The gas price dropped quickly, bottoming at about $2.00/MMBtu in February this year.

Natural gas has been in stealth mode for the last six months, never making any headlines; however, its price has marched steadily higher. Now trading at $3.35/MMBtu, gas is up 65% from the early in the year low.

This stealth price increase means natural gas producers made more money in the second quarter than they did in the first quarter. They made more money again in the third quarter and will likely see profits grow for the 2023 fourth quarter.

Most upstream energy companies produce a combination of crude oil and natural gas. In the oil-rich plays, natural gas is referred to as associated gas.

For pure-play natural gas investments, look for the companies focused on drilling in the Marcellus Shale. This play is primarily in West Virginia, Ohio, New York, and Pennsylvania.

Here are three companies focused on Marcellus natural gas production:

Chesapeake Energy Corp (CHK) has a Wall Street third-quarter earnings estimate of $0.71 per share. The company earned $0.64 for the second quarter, beating the consensus by $0.23. The company could again post a big beat for the third quarter. Chesapeake will report earnings on November 1.

EQT Corporation (EQT) posted normalized earnings of minus $0.17 for the second quarter, beating the Wall Street consensus by $0.10. Wall Street is looking for a minus $0.15 in earnings for the third quarter. I expect EQT to report significantly better results than the forecast. The company reports earnings on October 25.

Antero Resources Corp. (AR) matched the Wall Street estimate of minus $0.28 per share for the second quarter. The third quarter consensus is a positive $0.01 per share. Antero will announce earnings on October 26.I like the combination of Antero Resources and its co-managed midstream company, Antero Midstream (AM). The midstream company pays an attractive 7.4% dividend yield. The two companies’ operations are closely integrated, allowing them to maximize the value to shareholders.

Buy and Hold These 3 Dividend Stocks Forever

What's the one thing you need to stay retired? That's right... cash. Money to pay the bills. Money to weather any financial crisis like the one we're in now and whatever comes next. I've located three stocks that if you buy and hold them forever, they could serve as the backbone to your retirement. Click here for details.


Oil Gets All the Attention, But Natural Gas Prices Are Soaring
Tim Plaehn

Read More

Continue Reading


Asian currencies see falling data amid global conflict

Data on the Chinese yuan notes that lifting Covid-19 restrictions earlier this year has not boosted business transactions as much previously predicted,…



Data on the Chinese yuan notes that lifting Covid-19 restrictions earlier this year has not boosted business transactions as much previously predicted, with the yuan falling 0.1% this week. Its third-quarter gross domestic product data is due later this week, which may shed some light on China’s subdued economic growth and inflexible lending rates.

Don’t miss out the latest news, subscribe to LeapRate’s newsletter

James Malcolm Source: LinkedIn

James Malcolm, head of FX strategy at UBS London, observed the slowing signs of the yen and the Bank of Japan’s necessary intervention, all as a result of the Palestine conflict and Russia-Ukraine war:

Obviously, war is inflationary; [it] disrupts growth and threatens risk assets. […] The largest overhang I can see in this regard is dollar-yen, where the BOJ must pivot regardless, and the carry trade that has built up now amounts to nearly half a trillion dollars.

Despite the weakening of its peers, the Indian rupee remained relatively stable on Monday against the US dollar, with the Reserve Bank of India (RBI) stabilising local oil prices throughout the nation. According to experts, it seems that the RBI may have intervened on Friday to prevent the rupee from slipping as low as its Asian counterparts; however, all Asian currencies now await economic data from the US Federal Reserve regarding interest rate hikes and global inflation levels.

The post Asian currencies see falling data amid global conflict appeared first on LeapRate.

Read More

Continue Reading