The Presidential Spin Machine was in high gear during President Obama’s recent European trip commemorating the 100th Anniversary of WWI and yet the President revealed perhaps more than the President is usually wont to…
Category: Israel
[The 4th Media Editorial Note: This Global Research article was originally posted on April 27, 2012.] The prospect of an unparalleled Eurasian economic boom lasting into the next Century and beyond is at hand. The…
Western leaders’ attempts to create the illusion that everyone approves of the idea of imposing sanctions against Russia is coming up against the obvious discrepancy between this made-up picture and the real state of…
To hear the rhetoric of certain Western political leaders, NATO must extend its collective security umbrella over Ukraine, as well as Georgia, as quickly as possible. However, Ukrainian presidential candidate and chocolate manufacturing tycoon Petro…
Latin American experts know it well – Russia-made weapons are known for quality. Rosoboronexport (the state intermediary agency for Russia’s exports/imports of defense-related products, technologies and services) has rich experience of doing deals in the…
Students gather behind a business looking for a Internet signal for their smart phones in Havana, Cuba, Tuesday, April 1, 2014. The U.S. Agency for International Development masterminded the creation of a “Cuban Twitter,” a…
Turkey expects China to invest in its high speed railway project from the eastern tip to the western part of the country, which would constitute an important part of the modern Silk Railroad,…
The New York Times – THE United States has once again twisted itself into a rhetorical pretzel. As when it threatened military action against Syria if a “red line” was crossed, the Obama administration’s rhetoric about…
The Future of Ukraine The Ukraine of six months ago no longer exists; it has been destroyed by the scheming of Brussels and Washington. If there is to be something on the map named “Ukraine”…
It starts: Rosneft has recently signed a series of big contracts for oil exports to China and is close to signing a “jumbo deal” with Indian companies. In both deals, there are no US dollars involved. Reuters reports, that Russia is close to entering a goods-for-oil swap transaction with Iran that will give Rosneft around 500,000 barrels of Iranian oil per day to sell in the global market. The White House and the russophobes in the Senate are livid and are trying to block the transaction because it opens up some very serious and nasty scenarios for the petrodollar. If Sechin decides to sell this Iranian oil for rubles, through a Russian exchange, such move will boost the chances of the “petroruble” and will hurt the petrodollar. It can be said that the US sanctions have opened a Pandora’s box of troubles for the American currency. The Russian retaliation will surely be unpleasant for Washington, but what happens if other oil producers and consumers decide to follow the example set by Russia? During the last month, China opened two centers to process yuan-denominated trade flows, one in London and one in Frankfurt. Are the Chinese preparing a similar move against the greenback? We’ll soon find out.