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From Moscow to Beijing, a change in global finance looms, set to challenge the long-standing economic hegemony. This imminent shift could redefine global power structures, disrupt currency markets and international trade. Amidst this uncertainty, one thing is clear: the game of geopolitical chess is no longer played on a Western-centric board.
The removal of Peru's democratically elected president Pedro Castillo has left the country in turmoil. But what were Castillo's policies that led to his downfall and imprisonment after 495 days in office?
America has lost the proxy war in Syria and is now looking at punishing ordinary Syrians for the actions of the Syrian government. The so called ‘Caesar Act’, officially known as the Caesar Syrian Civilian Protection Act, aims to cut off multilateral or direct commerce with Syria’s ruling Baath party, effectively inducing record inflation, poverty and market exclusion.
The long queues outside Centrelink and the crashes on the website have fuelled the fears of many people, including myself, that one wrong sentence in the application means we will be denied relief, or worse, that even if we are eligible, the money could take weeks to come in, way past the point of financial solvency.
The attack, and the travel advisories it prompted, was disquieting: I'd visited El Paso before, had driven from there all along the Mexican border to the remote artists' refuge of Marfa. Now I was about to embark on a journey through New Mexico, and onwards through a different part of Texas. I'd never relied on travel advisories before.
The globe is being split into two, with Australia nervously sitting between the two sides: America and China. At least we have a trade deficit with America so are not an immediate target. But we might want to consider becoming more self-sufficient and broadening our industrial base.
Ecuadoreans have a popular expression, hacer la casita — roughly, 'they deceived us by promising something that was not going to be fulfilled'. This is what most Ecuadoreans are feeling now about president Lenín Moreno following his economic shift to the right, and the withdrawal of the asylum granted to Julian Assange by his predecessor.
The American writer H. L. Mencken said the aim of politics is 'to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary'. Over the years there have been many hobgoblins of varying sizes and shapes, and this election campaign promsies to be no different.
It has been postulated that there are three types of war: kinetic, informational and economic. America has been losing its kinetic conflicts in the Middle East and recently has escalated its informational war. The favoured weapon with economic warfare is sanctions, and Trump has started to use them to an extreme degree.
If you wish to peer into the heart of darkness, the nexus between big oil and big money is a good place to start. Those who control the energy market and the financial markets control the world. The latest victim of this brutal intersection is Venezuela, a country that has made the mistake of having the biggest oil reserves in the world.
Think of how it grates with the non-interference doctrine of the UN. Such interference 'must be forcible or dictatorial, or otherwise coercive, in effect depriving the state intervened against of control over the mater in question'. Yet many countries, most purported liberal democracies, have very happily made Venezuela the exception.