EMerging Equity
Archive for March 9, 2015
More De-Dollarization: China’s Global Payment System Ready And Could Launch By September
China’s long-awaited global payment system to process cross-border yuan transactions is ready and could launch as early as September, Reuters reported on Monday, citing sources with direct knowledge of the matter. The launch of the China International Payment System (CIPS) will pave the way for internationalizing the yuan and should greatly increase global usage of the Chinese currency by cutting … Continue reading
U.S. Declares Venezuela A “National Threat”, Sanctions Top Officials
The U.S. has declared that Venezuela is a threat to national security and has ordered targeted sanctions against seven officials, The White House said on Monday. The targeted sanctions were imposed on senior Venezuelan officials, which include Venezuela’s army commander, national intelligence director, and national police director. U.S. President Barack Obama issued and signed the executive order on Monday that declares a “national emergency” amid … Continue reading
India Ready To Pay Russia $25 Billion For 127 New Stealth Fighter Jets
Russia could soon see an invoice from India for an order of 127 new stealth fifth-generation fighter aircraft (FGFA) in a deal worth around $25 billion, according to a report from the Times of India (TOI). India is ready to seal a big project with Russia after a stalemate with France in a deal for its 4th-generation Rafale … Continue reading
Dollar Imperialism, 2015 Edition: Our Currency, Your Problem – OpEd
“The dollar is our currency, but it’s your problem.” This is what US Treasury Secretary John Connally said to his counterparts in the Rome G-10 meeting in November, 1971, shortly after the Nixon administration ended the dollar’s convertibility into gold and shifted the international monetary system into a global floating exchange rate regime. The world … Continue reading
As Obama Guts The U.S. Military, Russia Prepares For War – OpEd
By Michael Snyder The Russian military and the U.S. military are going in two very different directions. Military spending in Russia is increasing by a whopping 33 percent this year alone, and the Russians are feverishly preparing as if a major war with the United States is inevitable. But despite the fact that the conflict in … Continue reading
As An Economic Crisis Deepens In Venezuela, Maduro’s Iron Fist Tightens
By Marco Aponte-Moreno and Lance Lattig Since the death of Hugo Chávez, Venezuela’s political leadership has moved from charisma to authoritarianism. Support for Chávez’s Bolivarian Revolution has fallen from 65% when the populist leader died to 22% today. The revolution’s erstwhile steward is Nicolás Maduro, Venezuela’s current president and Chávez’s hand-picked successor. Maduro lacks his mentor’s extraordinary … Continue reading
Mongolia: The Future Of Eurasia?
By Neil Thompson, Geopolitical Monitor The country of just 2.8 million is encased between her two giant neighbors, Russia to the north and China to the south. For most of the twentieth century Mongolia was, like many Eastern European states, part of the Soviet empire. Then in 1990 the withdrawal of the Soviet military and of Russia’s … Continue reading
China And Russia To Boost Bilateral Economic Cooperation In Energy, Transport, Far East Development
Russia and China will boost bilateral economic cooperation in the fields of energy, transportation, and development of the Far East, China’s Foreign Minister Wang Yi said on Sunday, TASS news agency reports. The two nations are aiming to increase bilateral trade to $100 billion in 2015, in addition to signing agreements on the Silk Road … Continue reading
