NY Times on the “Liberalizing” of the International Monetary Fund

[The IMF and the World Bank are key instruments of the finance/montary/credit-debt management of the entire world.  Enacted at the end of WWII to establish US leadership of the world imperialist system, both IMF and WB have come under endless criticism and challenges over the decades, but the emergence of new imperialist powers from post-socialist Russia and China has posed historically-contending  blocs-in-formation as unprecedented dangers to the once-presumed “permanent” US hegemony.  Both IMF and WB have become increasingly tattered and less effective instruments, as challenges have grown.  Congressional reforms aimed at a more durable structure for the IMF are hailed by the media-of-empire NY Times in the following editorial, which writes, strategically, ‘If the fund and the World Bank are to remain relevant and be truly global organizations, they cannot be seen as European and American fiefs.’ — Frontlines ed.]

Congress Gets Out of the I.M.F.’s Way

By The New York Times EDITORIAL BOARD, December. 22, 2015

The House went into holiday recess after passing a measure that included ratification of International Monetary Fund reforms.

After five years of Republican foot-dragging, members of Congress last week ratified an agreement that will increase the capital of the International Monetary Fund and give developing countries like China and India a greater say in the organization.

This should strengthen the fund at a time when its expertise is needed to help revive a slowing global economy. In 2010, the Obama administration negotiated an agreement with other countries to double the I.M.F.’s capital to about $755 billion, so it could lend more money to troubled countries like Greece and Spain. The changes also gave more voting power in the fund’s management to China, India, Brazil and Russia while slightly reducing the clout of European countries and the United States. Continue reading

Inter-Imperialist Watch: Russian Intervention in EU’s Troubled Waters

Greece joins new Russian gas pipeline project to Europe
BRICS post, June 19, 2015

Greek Prime Minister Alexis Tsipras has given the go-ahead on joining a pipeline from Russia to Europe via Turkey and Greece [Image: primeminister.gov.gr]

Running out of options to keep his country afloat after talks with EU and IMF reached a deadlock, Greek Prime Minister Alexis Tsipras has given the go-ahead on joining a pipeline from Russia to Europe via Turkey and Greece.

Russia and Greece have signed a deal to create a joint enterprise for construction of the Turkish Stream pipeline across Greek territory, Russian media reports said on Friday. Continue reading

Here’s How Russia and China Are Teaming Up to Shape Our Future

“It’s likely that the US will be on the outside looking in”
—By Pepe Escobar | Mother Jones magazine | Monday Oct. 6, 2014

Russian President Vladimir Putin and Chinese President Xi Jinping meet in Shanghai in May. Pang Xinglei/Xinhua

 

A specter haunts the fast-aging “New American Century”: the possibility of a future Beijing-Moscow-Berlin strategic trade and commercial alliance. Let’s call it the BMB.

Its likelihood is being seriously discussed at the highest levels in Beijing and Moscow, and viewed with interest in Berlin, New Delhi, and Tehran. But don’t mention it inside Washington’s Beltway or at NATO headquarters in Brussels. There, the star of the show today and tomorrow is the new Osama bin Laden: Caliph Ibrahim, aka Abu Bakr al-Baghdadi, the elusive, self-appointed beheading prophet of a new mini-state and movement that has provided an acronym feast—ISIS/ISIL/IS—for hysterics in Washington and elsewhere.

No matter how often Washington remixes its Global War on Terror, however, the tectonic plates of Eurasian geopolitics continue to shift, and they’re not going to stop just because American elites refuse to accept that their historically brief “unipolar moment” is on the wane. For them, the closing of the era of “full spectrum dominance,” as the Pentagon likes to call it, is inconceivable. After all, the necessity for the indispensable nation to control all space—military, economic, cultural, cyber, and outer—is little short of a religious doctrine. Exceptionalist missionaries don’t do equality. At best, they do “coalitions of the willing” like the one crammed with “over 40 countries” assembled to fight ISIS/ISIL/IS and either applauding (and plotting) from the sidelines or sending the odd plane or two toward Iraq or Syria. Continue reading

Western Moves to Isolate Russia Spurs China-Russia Energy Deal

President Vladimir V. Putin of Russia, right, and President Xi Jinping of China on Wednesday in Shanghai, where they signed a deal to send gas through a pipeline from Siberia to China. Credit Pool photo by Mark Ralston

BEIJING — China and Russia agreed to a major 30-year natural gas deal on Wednesday that would send gas from Siberia by pipeline to China, according to the China National Petroleum Corporation.

The announcement caps a decade-long negotiation and helps bring Russia and China closer than they have been in many years. The contract was driven to a conclusion by the presence of President Xi Jinping of China and President Vladimir V. Putin of Russia in Shanghai for the last two days. Continue reading

Inter-Imperialist Contention and Seeds of Opposing Blocs Forming

China Calls for Security Pact with Russia, Iran

By Louise Watt, AP, May 21, 2014

SHANGHAI — China‘s president called Tuesday for the creation of a new Asian structure for security cooperation based on a regional group that includes Russia and Iran and excludes the United States.

President Xi Jinping spoke at a meeting in Shanghai of the Conference on Interaction and Confidence-building measures in Asia, an obscure group that has taken on significance as Beijing tries to extend its influence and limit the role of the United States, which it sees as a strategic rival.

“We need to innovate our security cooperation (and) establish new regional security cooperation architecture,” said Xi, speaking to an audience that included President Vladimir Putin of Russia and leaders of Central Asian countries. Continue reading

Greenpeace holds global protests for release of detained activists

05 Oct 2013  —  Dmitry Zaks, Sapa

hk_greenpeace_1Activists came out with a united call for Russia’s release of 30 Greenpeace activists after being jailed for protests against Arctic oil drilling.

Rock stars and celebrities joined a worldwide vigil on Saturday in support of 30 Greenpeace activists whose jailing by Russia after a protest against Arctic oil drilling sparked a new row between Moscow and the west.

Pressure has been mounting on Russia from both activists and governments shocked by Moscow’s decision to level full-blown piracy charges against Greenpeace’s Arctic Sunrise crew. But Moscow displayed few signs of leniency on Saturday as it hit out at both Greenpeace and the Dutch government under whose flag the environmental lobby group’s ship sailed. Continue reading