The west has colonized, exploited, ravaged and assassinated the people of the Global South for hundreds of years. Up to the mid-20th Century Europe has occupied Africa, and large parts of Asia. In Latin America, though much of the sub-Continent was “freed” from Spain and Portugal in the 19th Century – a new kind of…
A new report has shed some light on predominantly western critiques of China’s foreign policy strategy, particularly in the Pacific; and it has put to rest an issue which has dominated media discourse for some time now. The Australian – a prominent Australian-based media outlet – published an article last weekend claiming that a “Chinese…
The Second World War had countless effects on the world but there was one primary cause with strictly empirical roots. The grim lessons of this root cause of the war serve as an important reminder of how mega debt can lead to mega death. The trouble began in 1914 when in an effort to finance…
Modern fractional reserve banking is ultimately a confidence game. If lenders or depositors are confident their bank is solvent, it stands. If confidence is broken, that historically leads to bank panics, deposit runs and domino collapse of a financial system or worse. The surprise collapse in late May of a small Inner-Mongolia Chinese bank, Baoshang,…
Today’s (13 May 2019) the first day in a long time financial markets appear willing to at least consider the reality of the geopolitical situation on the ground for what it is, as opposed to what most people would like it to be. As I’ve noted for months, the “trade war” is just one battle…
China’s dazzling infrastructure and energy-driven Belt and Road Initiative (BRI), a US$1 trillion investment across Eurasia and beyond, has lost its shine. Increasingly, China’s leveraging of the initiative is being perceived by a growing number of recipients and critics alike as a geopolitical power play, a tool to shape a new world order partly populated…
