Month: June 2022

A flurry of summit meetings have taken place last week and this, which point to a fundamental difference in outlook between the so-called developed western countries and the majority of all others. To begin with the latter, the BRICS held their annual meeting of heads of state and government of the five member countries (Brazil Russia, India, China, Russia) on […]

The blustering about defeating Russia and humiliating President Putin vaunted by the G7 leaders has been repeatedly countered by military and intelligence experts in the United States and Europe. In addition to Colonel Richard Black (ret.), Colonel Douglas MacGregor stated outright on June 21 that “Ukraine has lost this war. I would argue it lost it some time ago.” Scott […]

It suddenly seems to have dawned on the geniuses in the City of London that it helps to have an industrial economy if you wish to wage a proxy war against Russia. The transatlantic governments have either not yet realized it, or prefer to continue churning out empty promises. Thus, the current frontman for the war hawks, Prime Minister Boris […]

The rejection of the West’s idea of a “unipolar world” was made clear at the annual summit of the heads of state and governement of the BRICS (Brazil, Russia, India, China, South Africa) in Beijing on June 23-24. As stated in the “Beijing Declaration” adopted there, they intend to ensure that all nations, including those least developed, have a greater […]

At the G7 meeting in Elmau, Bavaria, the launching of the Partnership on Global Infrastructure and Investment was announced, as a plan to compete with the BRI in developing countries, financed with $600 billion. Judging from past experience, that money will never materialize. After all, developing countries are still waiting for the $100 billion per year to compensate for “climate […]

Just a few days before NATO was to convene in great pomp in Madrid, Jacques Cheminade put out a statement once again calling on France to leave its integrated command. Jens Stoltenberg had just reiterated clearly, during a visit to Paris, that the leaders planned to come up with a new strategic concept against Russia and China, which would imply […]

Faced with economic hardship and runaway inflation, the European population is taking to the streets to protest. On June 20, some 80,000 unionists representing Belgium’s largest trade unions marched through Brussels to protest againsts the rising cost of living and demand better wages. In the city where NATO is headquartered, some participants also chanted “Spend money on salaries, not on […]

If there were such a thing as a “lemming award for economics”, it would definitely go to Germany, which with its obsession to walk out of coal and nuclear (decided long before the Ukraine War) and more recently out of Russian gas and crude oil, is headed for an energy supply abbys. On June 22, German Economics Minister Robert Habeck […]

The G7 Summit just passed a policy of countering what they claim is a “Chinese debt trap” caused by the Belt-and-Road strategy. But whereas China is focusing on productive debt, in the form of investments in projects in real infrastructure and industry, the EU intends to produce yet more unproductive debt — wildly increasing expenditures for weapons and military expansion, […]

A “Call for an Ad-Hoc Committee for a New Bretton Woods System” has just been issued by the Schiller Institute, coming out of the online conference held on June 18-19 (cf. SAS 25/22). The text outlines the physical economic principles on which to found a workable world order to replace the current neoliberal system of globalization, which is leading the […]