Category Archives: Trade

Berlin Goes to Beijing: The Real Deal, by Pepe Escobar

Germany is trying to reach out to Beijing, but it’s not clear what all they’re reaching for. From Pepe Escobar at strategic-culture.org:

The Scholz caravan went to Beijing to lay down the preparatory steps for working out a peace deal with Russia, with China as privileged messenger.

With his inimitable flair for economic analysis steeped in historical depth, Professor Michael Hudson’s latest essay, originally written for a German audience, presents a stunning parallel between the Crusades and the current “rules-based international order” imposed by the Hegemon.

Professor Hudson details how the Papacy in Rome managed to lock up unipolar control over secular realms (rings a bell?) when the game was all about Papal precedence over kings, above all the German Holy Roman Emperors. As we know, half in jest, the Empire was not exactly Holy, nor German (perhaps a little Roman), and not even an Empire.

A clause in the Papal Dictates provided the Pope with the authority to excommunicate whomever was “not at peace with the Roman Church.” Hudson sharply notes how US sanctions are the modern equivalent of excommunication.

Arguably there are Top Two dates in the whole process.

The first one would be the Third Ecumenical Council of 435: this is when only Rome (italics mine) was attributed universal authority (italics mine). Alexandria and Antioch, for instance, were limited to regional authority within the Roman Empire.

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The One Chart That Explains Everything, by Mike Whitney

The aim of U.S. foreign policy is to maintain dominance in the face of a rising China. From Mike Whitney at unz.com:

Look at the chart above. The chart explains everything.

It explains why Washington is so worried about China’s explosive growth. It explains why the US continues to hector China on the issues of Taiwan and the South China Sea. It explains why Washington sends congressional delegations to Taiwan in defiance of Beijing’s explicit requests. It explains why the Pentagon continues to send US warships through the Taiwan Strait and ship massive amounts of lethal weaponry to Taipei. It explains why Washington is creating anti-China coalitions in Asia that are aimed at encircling and provoking Beijing. It explains why the Biden administration is stepping up its trade war on China, imposing onerous economic sanctions on its businesses, and banning critical high-tech semi-conductors that are “are essential not just… for virtually every aspect of modern society, from electronic products and transport to the design and production of all manner of goods.” It explains why China has been singled-out in the US National Security Strategy (NSS) as “the only competitor with both the intent and, increasingly, the capability to reshape the international order.” It explains why Washington now regards China as its biggest and most formidable strategic adversary that must be isolated, demonized and defeated.

The chart above explains everything, not just the hostile diplomatic jabs that are designed to discredit and humiliate China, but also the openly belligerent policies that are aimed at Russia as well. People need to understand this. They need to see what is really going on so they can put events in their proper geopolitical context.

And what “context” is that?

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The End of the “Growth” Road, by Charles Hugh Smith

Economically, don’t count on the future being even remotely close to the recent past. Be prepared. From Charles Hugh Smith at oftwominds.com:

Everyone caught by surprise that the infinite road actually has an end will face a bewildering transition.

The End of the “Growth” Road is upon us, though the consensus continues to hold fast to the endearing fantasy of infinite expansion of consumption.

This fantasy has been supported for decades by the financial expansion of debt, which enabled more spending which pushed consumption, earnings, taxes, etc. higher.

All the financial games are fun but “growth” boils down to an expansion of material consumption: more copper mined and turned into wire which is turned into new wind turbines, housing, vehicles, appliances, etc.

There are three problems with the infinite expansion of consumption “growth” paradigm.

1. Everyone in developed economies already has everything. The “solution” is planned obsolescence and the obsessive worship of marketing, which seeks to manipulate “consumers” into buying stuff of marginal utility that they don’t actually need with credit. This is sold as “fashion.”

The reality is many consumer goods are of far lower quality than previous generations of products and services. Some of this can be attributed to lower quality control and the relentless pressure of globalization to lower costs, but it’s also a systemic expansion of planned obsolescence: product cycles, low-quality components, designs intended to be unrepairable, etc. have all been optimized for the LandFill Economy where products that once lasted for decades are now dumped in the landfill after a few years of service. (As for recycling all the broken stuff–that’s another endearing fantasy.)

Bright Panels, Dark Secrets: The Problem of Solar Waste: Generating photovoltaic electricity takes more than sweetness and sunshine.

The purchase of “fashionable” replacements and marketing gimmicks are the only real driver of “growth” in developed economies. Life is not being enhanced with better quality or utility; it’s supposedly being enhanced by “new” stuff, the only benefit of which is that’s it’s “new.” The claimed benefits are marginal.

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Welcome To the New Multipolar World Order – Part 4, by Iain Davis

The conclusion of Iain Davis’s excellent series, from Davis at iaindavis.com:

Part 1 of this series looked at the various models of world order.

Part 2 examined how the shift towards the multipolar world order has been led by some surprising characters.

Part 3 explored the history of the idea of a world ordered as a “balance of power,” or multipolar system. Those who have advocated this model over the generations have consistently sought the same goal: global governance.

In Part 4 we will consider the theories underpinning the imminent multipolar order, the nature of Russia and China’s public-private oligarchies and the emergence of these two nations’ military power.

The Wider Context of the Ukraine War

There is no evidence to suggest that the war in Ukraine is, in any sense, “fake.” The political and cultural differences among the populace of Ukraine are older than the nation-state, and the current conflict is rooted in long-standing and very real tensions. People are suffering and dying, and they deserve the chance to live in peace.

Yet, beyond the specific factors that led to and have perpetuated the conflict in Ukraine, there is a wider context that also deserves discussion.

The so-called leaders in the West and in the East have had ample opportunity and power to bring both sides in the Donbas war to the negotiating table. Their attempts to broker ceasefires and to implement the various Minsk agreements over the years were weak and half-hearted. Both sides, it seems, chose instead to play politics with Ukrainian lives. And both sides ultimately fuelled the conflict. The West has done little but exacerbate the situation. And, though it faced a tough economic choice, the Russian government could certainly have leveraged its commanding position in the European energy market to better effect.

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China Calls Top Chip Execs For Emergency Talks After Biden Unleashes Economic War, by Tyler Durden

The Biden administration is trying to cripple China’s high-end electronics industry with crippling restrictions. It may work. From Tyler Durden at zerohedge.com:

Last week, President Biden announced new restrictions on US firms selling semiconductors to China, including restrictions on US citizens working at Chinese chip plants. Nobody might have noticed, but this is a full-blown economic war on China, a means to prohibit the country’s rise as a high-tech superpower.

Since the new restrictions, China’s Ministry of Industry and Information Technology (MIIT) has summoned executives from the country’s top chip firms for emergency meetings over the past week to evaluate the damage, according to Bloomberg. Execs from Yangtze Memory Technologies Co. and supercomputer firm Dawning Information Industry Co. met with MIIT.

Biden’s strategy to paralyze its most dangerous opponent since the end of the Cold War could be promising. People familiar with the closed-door discussions between MIIT and top Chinese execs say there’s a lot of uncertainty on how to move forward. For now, there was no mention of counter-measures. MIIT said there would be enough domestic demand for the affected chip companies with US expertise pulled out of factories and chip shipments from the US and elsewhere stopped.

The discussions revealed that some participants feared the US strategy could doom China’s ambitions to accelerate the development and production of advanced chips. Someone familiar with the meetings said at least one person explained to MIIT that the country’s cutting-edge chipmaking could be in trouble.

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Biden’s Tech-War Goes Nuclear, by Mike Whitney

Biden just approved a package of sanctions against China that’s almost a declaration of war. From Mike Whitney at strategic-culture.org:

“Lots of people don’t know what happened yesterday. To put it simply, Biden has forced all Americans working in China to pick between quitting their jobs and losing American citizenship. Every American executive and engineer working in China’s semiconductor manufacturing industry resigned yesterday, paralyzing Chinese manufacturing overnight. One round of sanctions from Biden did more damage than all four years of performative sanctioning under Trump. Although American semiconductor exporters had to apply for licenses during the Trump years, licenses were approved within a month.

With the new Biden sanctions, all American suppliers of IP blocks, components, and services departed overnight – thus cutting off all service [to China]. Long story short, every advanced node semiconductor company is currently facing comprehensive supply cut-off, resignations from all American staff, and immediate operations paralysis. This is what annihilation looks like: China’s semiconductor manufacturing industry was reduced to zero overnight. Complete collapse. No chance of survival.”

Posted at Jordan Schneider’s Twitter account @jordanschnyc from a translated thread at @lidangzzz

The Biden administration intensified its war on China last week when it detonated a thermonuclear bomb at the heart of Beijing’s booming technology industry. In an effort to block China’s access to crucial semiconductor technology, Team Biden announced onerous new export rules aimed at a “comprehensive supply cut-off” of essential semiconductor technology which– according to one analyst– led to an “immediate operations paralysis.” The terror unleashed by the announcement was aptly summarized in a thread posted at Jordan Schneider’s Twitter account from a translated thread at @lidangzzz (See above quote)

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The Forbidden Thought, by Paul Rosenberg

“What a piece of work is man!” So wrote William Shakespeare. It’s a sentiment very few people would utter these days. Why? From Paul Rosenberg at freemansperspective.com:

The dominating systems of our world require us to feel weak, afraid, and insufficient. They couldn’t continue if most of us didn’t feel that way. And so the friends and operators of these systems must oppose the opposite assumption: That we are not inadequate.

I’ve watched popular culture for a lot of years, and I can tell you that since the 1970s, one concept, above all, has been forbidden in intellectual circles: Man as a glorious creature.

If you’d like to prove that to yourself, say a few things like these at a cocktail party:

    • Western civilization has accomplished so many good things that it’s mind-blowing.
    • Most people are basically decent and don’t need to be controlled.
    • I see so much goodness in humanity.
    • Humanity is ascending toward the gods (or heaven, or whatever).

Then, if you’d really like to see a reaction:

    • The human race is magnificent.

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The Golden Road To Samarkand, by Amir Taheri

There are many unanswered questions about the Eurasian multipolarity that Russia and China are trying to create. From Amir Taheri at gatestoneinstitute.org:

  • The Russian media, echoing President Vladimir Putin’s speech at the summit, say the SCO is designed to end “the unipolar world “by creating a “multipolar system”.

  • The Chinese media offer a different version. The SCO is meant to offer a new political system for the whole world as an alternative to the Western democratic model.

  • To the Islamic media in Tehran, celebrating the Islamic Republic’s admission to the club after 11 years of supplication, the SCO is an extension of the “Resistance Front” created to contain and defeat the American “Great Satan.”

  • The SCO’s identity as a club of queer fellows has been further emphasized by the admission of a host of new members all of whom have territorial disputes with each other.

  • Some Western commentators have dubbed the SCO “a new power bloc”. That may be jumping the gun a bit. SCO members are more dependent on trade with the European Union, the US, Canada, Japan, South Korea and Australia than with each other.

  • The Samarkand club represents some 40 percent of the world’s population and over 20 percent of the global GDP, not to mention four of the 9 nations with nuclear arsenals. Yet, it seems unlikely to become an anchor of stability in Eurasia; its members are more interested in petty schemes than grand ideas of peace and cooperation.

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Technocommunism Update: EU Ramps Up Great Reset Power Grab To Secure Vital Supply Chains, by 2nd Smartest Guy in the World

Free markets work; government-controlled markets don’t. The more the EU tries to control supply chains, the more they’ll be screwed up. From the 2nd Smartest Guy in the World at 2ndsmartestguyintheworld.substack.com:

As this substack has previously pointed out, PSYOP-19 coupled with PSYOP-UKRAINE-INVASION were always critical for PSYOP-SUPPLY-CHAIN-SHORTAGE and PSYOP-HYPER-INFLATION.

Now the EU, a One World Government experiment in technocommunism, is attempting to grant itself ever more draconian anti-human powers in order to “solve” the very problems that they have created on behalf of their Cult handlers.

Like all government emergency measures from The Patriot Act (the most anti-patriot unconstitutional 5th Branch of Government scams that continues to metastasize to this very day against We the People) to “pandemic” mandates, the EU has announced their Single Market Emergency Instrument (SMEI) scheme that will grant WEF-owned bureaucrats ever more powers to usher in their Great Reset.

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America Says Offer To Trade Biden For The Queen Still Stands

From The Babylon Bee:

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LONDON — Trade representatives in the United Kingdom were surprised to learn that the offer made by the United States to trade President Joe Biden for Queen Elizabeth II still stands, even after the Queen passed away yesterday at the age of 96.

“We just assumed that the offer was only valid as long as Her Majesty was still living,” said Sir David Cathcart, the recently appointed Minister of Human Trades for the British government. “The offer was initially taken into consideration quite seriously due to Mr. Biden being significantly younger than the Queen, but after doing our research, it became evident that his mental capabilities had degraded to a rather absurd level.”

Officials on the U.S. side of the trade proposal expressed hopefulness that the British would still be willing to consider the trade despite the longtime monarch’s death. “It’s got to be an even more tempting trade to make now, right?” asked Dr. Nate Thomas, a high-ranking member of the U.S. People Swapping Bureau. “I mean, come on, he’s still alive, so that has to count for something. I’m not saying you can trust him to make any decisions or provide strong leadership of any kind, but he’s still got a pulse. That’s a good deal, right? Right?! Come on, just take him. Please?”

The U.S. government was reportedly prepared to sweeten the deal by including congresswoman Alexandria Ocasio-Cortez and actor Alec Baldwin in the trade, but this seemed to only scare the British off even more.

At publishing time, word out of Great Britain indicated the answer was still no. “I’m afraid not,” Sir Cathcart said. “Given the choice between a living Joe Biden and a deceased Queen Elizabeth, we will stick with what we have and be better off.”

https://babylonbee.com/news/america-says-offer-to-trade–biden-for-the-queen-still-stands