Author: Christine Schier

Looking for the rationale of the messages given by the two major central banks in the world, the Federal Reserve and the European Central Bank, at the yearly central bankers meeting in Jackson Hole, Wyoming Aug. 25-27, is useless. Both the Fed’s Jerome Powell and the ECB’s Christine Lagarde warned that high interest rates are here to stay longer, regardless […]

Just recently, there have been almost daily warnings about the substantial contraction of the German real estate to be expected. The dominant aspect is that project developers are facing a dual threat: on the one hand, projects and expected profits never materialize due to bureaucratic delays and a never-ending list of environment-related regulations; on the other hand, pre-investments are, in […]

In the early morning hours of Aug. 24, Brazilian President Lula da Silva called his friend, Argentine President Alberto Fernandez, from Johannesburg to enthusiastically tell him that Argentina was one of six nations invited to become new members of the BRICS. To the beleaguered Argentine President, whose government has been subjected to relentless financial warfare, as well as threats and […]

Following the conclusion of the official BRICS Summit meetings in Johannesburg, South African President Cyril Ramaphosa and Chinese President Xi Jinping co-hosted Aug. 24 the China-Africa Leaders’ Dialogue, which was attended by the leaders of 12 African countries and regional organizations. The gathering, which had been initiated by Xi, was especially devoted to advancing development of the continent. China is […]

On Wednesday, Aug. 23, in the middle of the three-day BRICS summit in Johannesburg, South Africa, India succeeded in landing its Chandraayan-3 module on the surface of the Moon, near its South Pole. India is only the fourth nation to ever land on the Moon, and the very first to land at its South Pole — a whole new territory for […]

The BRICS summit in Johannesburg from Aug. 22-24 is set to be a strategic game-changer, although you would never know it from following mainstream Western media. With the representatives of over 50 countries attending, in addition to the leaders of the five members of the group (Vladimir Putin by video hook-up for security reasons), it will consolidate the fast-moving shift […]

Shortly before the opening of the BRICS Summit, the chairwoman of the Schiller Institute Helga Zepp-LaRouche issued a call to on Aug. 19 to citizens of the Global North to “support the construction of a New Just World Economic Order”. Her statement begins: The summit of the BRICS countries, which will take place from August 22-24 in Johannesburg, South Africa […]

A former vice president of the New Development Bank (2015-17), Brazilian economist Paulo Nogueira Batista, Jr., penned an op-ed on CGTN Aug. 21 titled, “Is a BRICS Currency Feasible?”. He goes beyond the recently common speculations about “de-dollarization” and a new BRICS currency, to link that issue implicitly to the NDB, and to the ability of such a BRICS financial […]

That the Ukrainian counteroffensive against Russia, finally launched June 4 after continuous postponements, has been a complete failure is now acknowledged by all but the most hard-core geopoliticians. But that, unfortunately, does not mean that Western political leaders, beginning with President Biden, have decided to seek an end to the senseless killing and destruction through diplomatic means. Rather, they remain […]

The Ukrainian government is heavily financed by Western multilateral institutions, such as the EU and the IMF, as well as by generous loans and grants from individual countries. The total amount pledged by governments, including EU institutions, was over $170 billion as of May 31, 2023 according to the Kiel Institute for the World Economy. Thus, Kyiv does not need […]