Page 11 of 99

Re: Geopolitical thread - 15

Posted: 15 Sep 2008 13:01
by renukb
Remembering Monroe Doctrine as Tensions Rise in Americas

As a new leader takes the helm at the U.N. General Assembly, the much-discussed but ill-defined "Bush doctrine" has me thinking about one of the bedrocks of American foreign policy, the Monroe Doctrine.

Miguel d'Escoto Brockmann, a former foreign minister of Nicaragua, will assume the General Assembly's presidency this week. A trained Catholic priest who was born in Los Angeles but spent his life among the Sandinistas and other secular Latin American revolutionaries, Mr. d'Escoto is expected to give a cool reception to President Bush, who makes his final official visit to Turtle Bay next week, and embrace the likes of President Ahmadinejad of Iran.

Mr. d'Escoto's old boss, President Ortega, is part of a resurgent anti-Yankee Latin axis — Presidents Chavez of Venezuela, Morales of Bolivia, Castro of Cuba, and at times Kirchner of Argentina — that is allied with Iran, Russia, and sometimes China. Washington's escalating diplomatic hostilities with Caracas and La Paz last week was only the tip of the iceberg. Fresh off the sale of two dozen Sukhoi fighter jets to Venezuela, Russia is planning a joint naval exercise with Mr. Chavez in November. And Iran and its proxy, Hezbollah, have set up shop in Venezuela. Clearly, the policy-makers in Washington need to refocus on the Americas.

In his State of the Union address of December 2, 1823, President Monroe told the day's predominant European powers that America would not interfere in disputes on their continent. However, he warned, "We should consider any attempt on their part to extend their system to any portion of this hemisphere, as dangerous to our peace and safety." America soon became a regional power to reckon with — and then the world's top superpower.

With the recent resurgence of anti-Yankee sentiment in Latin America and the alliances some of its leaders are forming, it seems that in recent years Washington has concentrated on maintaining its powerful status everywhere but the Western hemisphere, where the danger to our peace and safety may soon be equal to that posed by the Middle East. Little attention has been paid to Latin America in any of the prominent speeches that formed the Bush doctrine, a topic that has captivated the political chattering classes over the last week.

On September 10, 2001, I flew to Mexico City to interview the newly elected President Fox, because aides of another new president, Mr. Bush, cited his friendship with Mr. Fox — and the fact that as governor he could actually see Mexico from Texas — to bolster his foreign policy credentials. I watched the horrors of the next day on television, and although Mr. Fox and his aides would not say so out loud, it quickly became clear to everyone in Mexico City that the friendship between the two new presidents, as well as policy issues such as immigration and trade, would soon be sidelined. Mr. Fox never regained his status as Mr. Bush's top ally.

Monroe's division between Europe and the Americas lost its validity long ago, and that fact was underscored when orders given from Afghanistan were executed with such destructive results in New York, Pennsylvania, and Washington. It made sense for the Bush administration to drop everything and tend to faraway places such as Afghanistan and Iraq in a battle against the anti-Western sentiment that had killed so many on September 11. But as American troops traveled far and wide, Middle Eastern influence was spreading closer to home, in the Americas.

Mr. Chavez recently banned the activity of Christian missionaries in his country, accusing them of spying for America. Instead, Shiite imams are indoctrinating a growing number of indigenous Venezuelans. Intelligence sources tell me that newly converted Muslim recruits from Venezuela are receiving military training from Hezbollah in southern Lebanon. A Western source recently spoke to the Los Angeles Times of a "strategic partnership between Iran and Venezuela," saying Hezbollah is moving "people and things" into the Americas.

In June, the U.S. Treasury Department accused two Venezuelans of Arab descent, diplomat Ghazi Nasr al Din and a travel agent Fawzi Kanan, of terror-related activities. The next American administration should go further, explicitly drawing Monroe's line in the sand for the Iranian mullahs and this hemisphere's leaders. And Russia's maneuvers in its so-called near abroad aside, Moscow needs to be reminded that the Cold War is over and that this side of the world, as Monroe cautioned early on, is no place to make alliances with America's enemies.

Re: Geopolitical thread - 15

Posted: 15 Sep 2008 17:52
by Sanjay M
Non-Aligned Germany?

Now that India's shedding Nehruvianism, everyone else seems to want to get into it.
How come we're always out of style?? :-?

Re: Geopolitical thread - 15

Posted: 15 Sep 2008 20:53
by renukb
Bushes' `New World Order' Is Yielding to `Post-American' Era

Bushes' `New World Order' Is Yielding to `Post-American' Era

By James G. Neuger

Sept. 15 (Bloomberg) -- Barack Obama wants to take American foreign policy back to the 1990s. For John McCain, the model is the 1950s.

Democratic presidential candidate Obama wants the U.S. to use economic leadership to navigate an increasingly borderless world, as it did in the last decade, while Republican McCain sees military might as the path to continued prosperity, as happened under the cloud of the Cold War's nuclear standoff.

Whichever man wins, he will inherit what Johns Hopkins University political scientist Francis Fukuyama calls a ``post- American world,'' replacing the U.S.-dominated ``new world order'' that President George H.W. Bush proclaimed after the collapse of the Soviet Union.

No longer the ``hyperpower'' of the 1990s, the U.S. is slipping toward a first-among-equals status, narrowing the foreign-policy options of whoever moves into the White House in January.

For 20 years, U.S. leaders ``have assumed American dominance; they've assumed that they're working in a unipolar world,'' says Fukuyama, who gained fame in 1992 by declaring that the collapse of Soviet communism heralded the eventual triumph of liberal democracy in the ``end of history.'' Now, he says, ``there's been this big redistribution of power.''

Georgia and the Torch

Future historians may date the end of U.S. supremacy to Aug. 8, when President George W. Bush sat in Beijing's Bird's Nest stadium as two seminal events unfolded.

The first was the lighting of the Olympic torch, a testament to China's ascendancy. The second -- engineered a continent away by Vladimir Putin even as he sat near Bush that night -- was Russia's invasion of Georgia to repel an attack on a pro-Moscow breakaway region, an act of revenge against the decade of humiliation Russians endured following the Soviet breakup.

Both events caught the U.S. in a state of heightened vulnerability, stuck in an economic malaise as it struggles to subdue insurgencies in Iraq and Afghanistan.

Bush told NBC Sports of having ``very firm'' words for Putin, the Russian prime minister, in what Australian leader Kevin Rudd told journalists was an ``animated'' exchange. Still, Bush maintained a schedule geared to the games rather than a world crisis, the next day visiting the gold-medal-bound U.S. women's beach volleyball team as the Russian tanks rumbled through Georgia, a U.S. ally.

Depleted

Whoever succeeds Bush will be working with a depleted toolkit. While Obama and McCain have both vowed to step up the war in Afghanistan after inheriting Bush's ``aspirational'' goal of pulling out of Iraq by 2011, the two-front war has stretched land forces to the limit.

Meanwhile, the U.S. is struggling to ward off recession, stricken by a housing slump that has crippled consumer spending and led 76 percent of respondents in last month's Bloomberg/Los Angeles Times poll to say the country is on the ``wrong track.''

The run-up of U.S. debt testifies to the shift of the global economic center of gravity. The $127 billion budget surplus Bush took over will melt into what is projected to be a record deficit of $482 billion in the year starting Oct. 1.

During the same span, China's holdings of U.S. government securities mushroomed to $504 billion from $62 billion. China is now the second-biggest U.S. government creditor behind Japan, with $584 billion. After leapfrogging Britain to become the world's No. 4 economy in 2005, China is generating the fastest growth of the world's 20 biggest economies: 10.1 percent in the second quarter.

A Power to Reckon With

China is now ``a major power to reckon with,'' says Kenneth Lieberthal, a Clinton-era National Security Council official who teaches at the University of Michigan in Ann Arbor. ``We can't tell the Chinese how to govern themselves and what to do.''

China is instead allying itself with up-and-coming economies in the southern hemisphere. When the Group of Eight industrialized nations established climate-change targets at their July summit, the developing world's Group of Five demurred.

At rival summits in Japan, the G-5 -- China, India, Brazil, Mexico and South Africa -- rejected the G-8's call for a halving of greenhouse-gas emissions by 2050, portraying it as a ploy to suppress poorer nations' economic advancement.

Staunchest Protectionists

The same north-south split helped torpedo World Trade Organization talks, reflecting increasing worldwide antipathy to free trade. The staunchest protectionists are in the U.S., where only 15 percent deem growing trade ties ``very good,'' according to the Pew Global Attitudes Project, a 24-nation survey published in June.

With the Democratic Party likely to strengthen its control of Congress, anti-trade sentiment may swamp the internationalism that marked the years of U.S. ascendancy. During the presidential primaries, Illinois Senator Obama, 47, tacked to the left to court core Democratic constituencies such as organized labor. Like candidate Bill Clinton in 1992, Obama wants to add tougher environmental and labor standards to the North American Free Trade Agreement.

``If Obama is elected, I'm confident that in the first instance half of the anti-Americanism in the world would disappear,'' says Kishore Mahbubani, dean of the National University of Singapore's Lee Kuan Yew School of Public Policy. ``The tragedy here unfortunately is that on the economic and trade front, Obama's policy is quite frightening. If he carries out some of his protectionist rhetoric, we're in deep trouble.''

Relative Decline

The U.S. has coped with relative decline before. As the last power left standing when World War II ended in 1945, the U.S. accounted for as much as half of global gross domestic product. It then built institutions -- the United Nations, the multilateral trading system, the North Atlantic Treaty Organization -- to spread prosperity and security.

But this time is different, says Fukuyama: ``We fumbled our unilateral moment in many, many ways, most importantly the Iraq war.''

In the eyes of the U.S.'s major competitors, the invasion of Iraq legitimized a might-makes-right policy that sidesteps international law. It added to suspicions that Russia harbored after the U.S. led NATO in bombing Serbia, Moscow's longstanding Balkans ally, in 1999.

`Empowered by Destiny'

For Russia, ``there was no new world order,'' says Vladimir Chizhov, Russia's ambassador to the European Union in Brussels. ``What we saw was a return to a philosophy of bloc confrontation, with one bloc missing and the other bloc assuming that it is empowered by destiny to do anything it wants.''

Now Russia, abetted by its energy exports, is striking back. Putin, 55, sought no United Nations diplomatic cover when his troops pounced on Georgia. The list of Russian grievances with the West also includes the expansion of NATO to Russia's borders and the planned basing of a U.S. anti-missile system in Poland and the Czech Republic, two former Soviet satellites.

``In their eyes, this is payback time,'' says Jack Matlock, U.S. ambassador to the Soviet Union during the Reagan administration. ``We have set some very bad precedents for Russia.''

From Washington to Brussels, the reaction to the battering of Georgia pointed up the West's limitations. Bush sent Vice President Dick Cheney to Georgia and offered $1 billion in reconstruction aid. Obama sent his running mate, Delaware Senator Joe Biden, and Arizona Senator McCain, 72, sent his wife, Cindy. The European Union, dependent on Russia for 34 percent of its imported oil and 40 percent of imported gas, didn't venture beyond verbal condemnations.

Bullying Tactics

Russia's attack on Georgia followed bullying tactics against Poland, Estonia and Lithuania, and may presage moves to reassert influence over the biggest prize in its ``near abroad'': Ukraine.

Obama is counting on multilateralism as the solution, saying in his Aug. 28 Democratic convention acceptance speech that ``you can't truly stand up for Georgia when you've strained our oldest alliances.''

Meanwhile, McCain -- asserting foreign-policy credentials through his experience as a prisoner of war in Vietnam and backing for a ``surge'' of troops to secure Iraq -- was declaring that ``we are all Georgians.''

Neither McCain nor Obama ``have the slightest idea of what to do about the Russians,'' says George Friedman, chief executive of Stratfor, a geopolitical risk analysis company in Austin, Texas. ``I know of no policy difference except rhetoric.''

To contact the reporter on this story: James G. Neuger in Brussels at [email protected]

Re: Geopolitical thread - 15

Posted: 15 Sep 2008 21:37
by renukb
America: The Global Pioneer Of Torture

A new survey of global public opinion [PDF] reveals the appalling truth. Americans are now among the people on earth most supportive of government's torturing prisoners. The United States is in the same public opinion ballpark as some of the most disgusting regimes on the planet:

Support for the unequivocal position was highest in Spain (82%), Great Britain (82%) and France (82%), followed by Mexico (73%), China (66%), the Palestinian territories (66%), Poland (62%), Indonesia (61%), and the Ukraine (59%). In five countries either modest majorities or pluralities support a ban on all torture: Azerbaijan (54%), Egypt (54%), the United States (53%), Russia (49%), and Iran (43%). South Koreans are divided.
So America's peers in the fight against torture, in terms of public opinion are Azerbaijan, Egypt, Russia, and Iran. This is what America now is: a country with the moral values of countries that routinely torture and abuse prisoners, like Egypt and Iran. Even the Chinese, living in a neo-fascist market state, oppose torture in all circumstances by 66 percent, compared to Americans where only 53 percent do! More horrifying: a higher percentage of Americans - 13 percent - believe that torture should generally be allowed than in any other country save China, Turkey and Nigeria. And in the last two years, as the American president celebrates and authorizes the torture of people who have not been allowed a fair trail, support for torturing terror suspects has increased from 36 percent to 44 percent.

The only other countries where support for torturing terror suspects has grown are India, Nigeria, Turkey, South Korea and Egypt. In all other developed countries, support for an absolute ban on torture has actually risen in the past two years. America is now leading the way in legitimizing and celebrating torture as a legitimate tool for governments.

This is the Bush-Cheney legacy - to be continued under McCain-Palin. McCain was once a torture victim, but since 2006 has supported the torture of prisoners by the CIA. In fact, prisoners across the world who have been tortured by the CIA in the last two years can, in the terror of their cells, know that John McCain made it possible, by caving into the war criminals in the White House in 2006.

How can the country that pioneered the Geneva Conventions now be a nation more supportive of torture than any other developed nation on earth? Of course, it matters that we have had a president and vice-president actively endorsing and campaigning for the use of torture, and torturing prisoners routinely in jails where there is no escape and no due process. But the key segment of the pro-torture enthusiasts are evangelical Christians. Yes: evangelical Christians are now the greatest supporters of doing to prisoners what was once done to Christ.

Re: Geopolitical thread - 15

Posted: 17 Sep 2008 21:36
by SwamyG
Looking at the global economy is not very comforting. This does not augur good for the Globe. Serious Wars are in store in the next 12-18 months.
  • USA is in deep debt.
  • China is one of the big parties giving money.
  • There energy issues looming in the near horizon.
  • Russia is resurgent.
  • China is done with Olympics, and free to move on with other projects.
  • Pakistan is imploding.
  • International arms sales is healthy.
  • USA is nationalizing some of its financial entities.
Guru log can easily add few more to the list.

Re: Geopolitical thread - 15

Posted: 18 Sep 2008 01:19
by vsudhir
Well said Swamy g.

Too many recorded instances in history of the indebted state forcibly taking over the creditor party as the easiest way to wipe out the debts you see. Happened all the time in Europe when church properties weren't taxed and the rich church was moneylending to the king.

Moi sees a slight possibility of attempts in the not too distant future to muddy the waters and make war between the ageing or overspending debtor(s) and the creditors (OPEC, cheen) should things such as deficit financing, capital shortages, and the value of the golbal reserve currency etc get reeeealy outta hand. Perhaps, maybe, possbly etc onlee.

Re: Geopolitical thread - 15

Posted: 18 Sep 2008 13:38
by renukb
Boris Ryvkin '09: Scrap NATO and the U.N.

When war broke out between Georgia and Russia last summer, I observed events with keen interest. I was a Russian immigrant, sitting in New York, trying to figure out how my neighbors at the United Nations and our partners in NATO were going to respond to the crisis.

Former U.N. Ambassador John Bolton once quipped: "the Secretariat Building in New York has thirty-eight stories. If you lost ten stories today, it wouldn'tmake a bit of difference." Indeed, what difference does the United Nations really make?

It was founded principally to maintain international peace and security. For forty years it was sidelined by the Cold War. Its few successes, such as the U.N. peacekeeping missions in Congo and Cyprus, are overshadowed by failures in Rwanda, Lebanon, Sudan, Iraq, Indonesia, Somalia and many others. Its former secretary-general titled himself a "secular pope" while his replacement implied the genocide against black Africans in Darfur by Islamist militias was partially caused by global warming.

The U.N. Human Rights Council hosts delegations from Cuba, Saudi Arabia and Iran.(3) In its first year it passed twelve resolutions, targeting Israel in nine.

The Security Council, the only U.N. body with any real ability to advocate force, was rendered impotent by the U.S.-led invasion of Iraq. Former French President Jacques Chirac even went so far as to say the organization was "undermined" by that action.

Yet more and more states continue to see the U.N., despite its failed record and stream of contradictions, as the only legitimate venue for deciding matters of war and peace. France, Germany, Russia, China, and many others seem willing to outsource core elements of their foreign policies to this unaccountable organization. Why?

The sad answer: to use the U.N. as a tool to check American power and weaken our options overseas. As demonstrated by the crisis in South Ossetia, the Russians are not hesitant to use force to protect their interests. Yet when Prime Minister Vladimir Putin talks about the U.N. as the arbiter of global security, what he really means is that the United States cannot play by its own rules and ought to be reigned in - evidenced by his remarks at the 2007 Munich Conference on Security Policy.

A vivid demonstration of this outlook came during the run-up to the Iraq war. Chirac, who saw the European Union as a future counterweight to American power, was eager to use the U.N. as a showplace to stand up to Washington.

That eagerness was shared by Former German Chancellor Gerhard Schröder who, like Chirac, also risked serious losses to military and commercial ties with Baghdad in the event of American invasion. They promised Saddam Hussein that any American war resolution at the Security Council would be dead on arrival and pushed instead for more negotiation and a new wave of weapons inspections.

The Bush Administration deciphered the ploy. The invasion proceeded anyway.

Hiding behind international mores and using the U.N. as a backdrop, the Europeans had attempted to simultaneously protect their interests and embarrass the United States by forcing it to stand down. Their failure not only humiliated them, revealing Europe's own weakness, but showed what a liability the U.N. is in advancing our foreign policy.

The problem, however, does not end here. The North Atlantic Treaty Organization may be an even bigger burden than its counterpart in Manhattan. Why? Firstly, NATO was just as divided as the U.N. before Iraq. The United States acted with the support of an ad hoc coalition, leaving dissenting "allies" to mire in their own helplessness. Furthermore, NATO is a military alliance without a clear adversary.

The Soviet threat has disappeared and no new power or constellation of powers dares or, frankly, intends to challenge the organization. Yet the biggest reason why it should be scrapped is that it has become a misused tool of American expansionism. I specifically refer to Washington's use of NATO to isolate Russia; this has already produced one war, with several more potentially on the horizon, e.g. Ukraine.

When a military alliance becomes merely a political tool used by one of its states to promote its interests at the expense of the majority of its members, it ought to disband. As long as NATO exists, American policymakers will have an incentive to repeat bad behavior.

The United Nations and NATO, despite what many contend, are liabilities for the United States and its interests. Neither could prevent an independent American action in Iraq. The U.N. has been rocked by failed adventures and bureaucratic scandal. No longer serving its original purpose, it has become a stage used mainly to demonize and check American power. NATO is an alliance without a clear purpose. Its main use is as a tool to prevent "bad" countries from having influence in their regions, with "bad" defined in Washington. As such, it promotes recklessness and needless provocation, which lead to lost lives on several continents. Irrelevant in the past and incapable of meeting today's challenges to international peace and security, these two failed organizations must go!

Boris Ryvkin '09 has never applied for a U.N. internship.

Re: Geopolitical thread - 15

Posted: 18 Sep 2008 17:29
by Paul
The world is reverting to it's multipolar power centre model. US may start trusting to it's isolationalist instincts as the reduced proportion of anglo-saxons in the total pop of americas forces it to expend more of its energies in firefights in the americas.

They could withdraw from Asia and Europe but draw a laksman rekha around the americas....

Re: Geopolitical thread - 15

Posted: 20 Sep 2008 20:41
by Philip
Here's a great quote from veteran journo Robert Fisk of the Independent.The full post is in the Afghan thread.The quote sums up the US's attitude towards geo-politics,that Uncle Sam can kick ass anywhere,forgetting the lessons of history of the place and the US's own defeat in Vietnam,redux again!

http://www.independent.co.uk/opinion/co ... 36185.html

"...And Obama and McCain really think they're going to win in Afghanistan – before, I suppose, rushing their soldiers back to Iraq when the Baghdad government collapses. What the British couldn't do in the 19th century and what the Russians couldn't do at the end of the 20th century, we're going to achieve at the start of the 21 century, taking our terrible war into nuclear-armed Pakistan just for good measure. Fantasy again.

Joseph Conrad, who understood the powerlessness of powerful nations, would surely have made something of this. Yes, we have lost after we won in Afghanistan and now we will lose as we try to win again. Stuff happens."

Re: Geopolitical thread - 15

Posted: 21 Sep 2008 00:25
by Rye
Strange that no one yet has come up with the obvious reason for Italy pardoning Gaddhafi. He is in his waning years and his successors can be manipulated to look out for himself --- the only way for the oil rich Niger and its resources to make way across the meditteranean sea is if Libya is a "friendly" state.

"Any why only Italy?" said the soldier to the thief. "the answer, oh pedestrian, lies across the meditteranean."

Re: Geopolitical thread - 15

Posted: 21 Sep 2008 18:26
by renukb
EU losing ground to Russia, China at UN
Sun 21 Sep 2008, 7:29 GMT

By Paul Taylor

BRUSSELS (Reuters) - The European Union is losing ground on human rights issues at the United Nations to China and Russia, which oppose any interference in countries' internal affairs, a study says.


http://africa.reuters.com/top/news/usnBAN130556.html

Re: Geopolitical thread - 15

Posted: 21 Sep 2008 21:11
by Multatuli
Try watch the documentary 'ZERO: An Investigation into 9/11'.

http://zero911movie.com/site/

It´s not really a 'shocking revalation' for those who follow American 'diplomacy/foreign policy'. The regular visitor of BRF probably knows or suspects much of what is said in this documentary.

BTW, after the release of 'Loose Change' a few years ago, a Dutch team of reporters showed footage of the WTC buildings collapsing to a Dutch expert in controlled demolitions ( the foremost Dutch expert, he runs a company that has demolished hundreds of towers and other structures around the world ) and asked him if they were the result of controlled demolitions : he immediately identified the collapse of Building 7 as a controlled demolition, there was no doubt in his mind. He did however not think that the collapse of the two main towers was the result of a controlled demolition.

Also find out what was stored below WTC7.

The US doesn't want to catch Bin Laden, he is their main bogeyman, without Bin Laden and his Al-Qaeda there can be no 'Global War on Terrorism', which is their main instrument to manipulate the world. The invasion of Iraq could not have happened without the 'Global War on Terrorism'.

The documentary is available as a torrent.

Re: Geopolitical thread - 15

Posted: 21 Sep 2008 21:25
by Gerard
Try watch the documentary 'ZERO: An Investigation into 9/11'.
Yes. Those poor innocent Muslims being framed by the evil yankees.

FYI
Fire, Not Explosives, Felled 3rd Tower on 9/11, Report Says

But then again, "S. Shyam Sunder, the lead investigator from the National Institute of Standards and Technology" is a person of Indian origin.

Must be the yankee-yindoo-yehudi nexus....
The invasion of Iraq could not have happened without the 'Global War on Terrorism'.
If the US needed an excuse to attack Iraq, it would have been far easier to fabricate a failed WMD attack by 'Iraqi' operatives. It didn't.

Re: Geopolitical thread - 15

Posted: 21 Sep 2008 21:38
by Multatuli
I am convinced that the Al-Qaeda is a front for the CIA and British intelligence services. 9/11 like the 7 July 2005 London bombings were false flag operations.

Re: Geopolitical thread - 15

Posted: 21 Sep 2008 21:43
by Gerard
Those poor Muslim men being led astray by the wicked CIA and MI6.
Islam is a religion of peace. RAW must surely be behind the Delhi and Ahmedabad bombings as well.

Careful that in looking for false flags everywhere, you miss the black flag of sharia....

Re: Geopolitical thread - 15

Posted: 22 Sep 2008 01:19
by rsingh
India to support Serbia's stand on Kosovo in UN
From TOI
Now that amount to big tamacha on "world community".

Re: Geopolitical thread - 15

Posted: 22 Sep 2008 14:05
by Philip
That is news! India supporting Srbia's stand on Kosovo,goes against US/NATO policies.Will it do so however on Georgia also support the Russian position? Our mandarions seem to always view India's stand through the viewframe of Kashmir and no alienation of land from it.

Meanwhile,here's an enthralling report on the clash bewteen moderates and neo-cons in the White House,how Rumsfeld made Condy cry.

Donald Rumsfeld made Condoleezza Rice cry in the White House
As George W. Bush's national security adviser and then secretary of state, Condoleezza Rice has long been seen as the toughest woman in American politics.

By Tim Shipman in Washington
Last Updated: 6:33PM BST 20 Sep 2008

Donald Rumsfeld and Condoleezza Rice in the Oval Office at the White House, October 2003 Photo: AP
Known as the Steel Magnolia in her youth, Miss Rice has guided the US through the war on terror, looked tyrants in the eye and faced down terrorist threats during her nation's darkest hours.

But a new book reveals that she was not so steadfast in facing down her own more personal enemies within the Bush administration.

Instead, Miss Rice was so fazed by former Defence Secretary Donald Rumsfeld that she burst into tears at a meeting in the White House situation room.

The floodgates opened for the then national security adviser in February 2004, as the Bush administration was wrestling with growing instability in Iraq and the legal status of detainees at the Guantanamo Bay detention camp.

A new biography of Vice President Dick Cheney, called Angler after his Secret Service codename, recounts how he and Mr Rumsfeld conspired to delay the military tribunals which the president had ordered to be set up to try the terrorist suspects.

Miss Rice tried repeatedly to organise a meeting with the most senior figures in the government to discuss the tribunals, but Mr Rumsfeld twice refused to attend, sending his deputy Paul Wolfowitz instead.

Pulitzer prize winning author Barton Gellman writes: "He did not regard her as an equal and barely hid it. The opinions of her staff did not interest him."

On finding Mr Rumsfeld absent from a second meeting, CIA director George Tenet was so angry that he defied a direct order from Miss Rice to sit down and marched out of the meeting, declaring: "This is bullshit."

The book goes on: "Something happened to Rice's face, control melting away. Her eyes welled up and her next words caught in her throat. The men in the room did not know where to look.

'She started to cry,' said one of them. 'And she said - I can't remember the exact words because I was so shaken - something like: "We will talk about this again," and she turned and walked quickly out of the door.'"

Miss Rice had the last laugh. Mr Rumsfeld was fired in 2006 as Iraq descended into civil war and Guantanamo Bay became a byword for abuse of power.

Now Secretary of State, Miss Rice, assisted by Mr Rumsfeld's replacement Robert Gates, fought and won a bureaucratic battle for President Bush's ear and the direction of US foreign policy that gradually marginalised the influence of hawks like Mr Cheney.

Re: Geopolitical thread - 15

Posted: 22 Sep 2008 14:10
by Philip
That is news! India supporting Serbia's stand on Kosovo,goes against US/NATO policies.Will it do so however on Georgia also support the Russian position? Our mandarions seem to always view India's stand through the viewframe of Kashmir and no alienation of land from it.

Meanwhile,here's an enthralling report on the clash bewteen moderates and neo-cons in the White House,and how Rumsfeld made Condy cry!

http://www.telegraph.co.uk/news/worldne ... House.html

Donald Rumsfeld made Condoleezza Rice cry in the White House
As George W. Bush's national security adviser and then secretary of state, Condoleezza Rice has long been seen as the toughest woman in American politics.

By Tim Shipman in Washington
Last Updated: 6:33PM BST 20 Sep 2008

Donald Rumsfeld and Condoleezza Rice in the Oval Office at the White House, October 2003 Photo: AP
Known as the Steel Magnolia in her youth, Miss Rice has guided the US through the war on terror, looked tyrants in the eye and faced down terrorist threats during her nation's darkest hours.

But a new book reveals that she was not so steadfast in facing down her own more personal enemies within the Bush administration.

Instead, Miss Rice was so fazed by former Defence Secretary Donald Rumsfeld that she burst into tears at a meeting in the White House situation room.

The floodgates opened for the then national security adviser in February 2004, as the Bush administration was wrestling with growing instability in Iraq and the legal status of detainees at the Guantanamo Bay detention camp.

A new biography of Vice President Dick Cheney, called Angler after his Secret Service codename, recounts how he and Mr Rumsfeld conspired to delay the military tribunals which the president had ordered to be set up to try the terrorist suspects.

Miss Rice tried repeatedly to organise a meeting with the most senior figures in the government to discuss the tribunals, but Mr Rumsfeld twice refused to attend, sending his deputy Paul Wolfowitz instead.

Pulitzer prize winning author Barton Gellman writes: "He did not regard her as an equal and barely hid it. The opinions of her staff did not interest him."

On finding Mr Rumsfeld absent from a second meeting, CIA director George Tenet was so angry that he defied a direct order from Miss Rice to sit down and marched out of the meeting, declaring: "This is bullshit."

The book goes on: "Something happened to Rice's face, control melting away. Her eyes welled up and her next words caught in her throat. The men in the room did not know where to look.

'She started to cry,' said one of them. 'And she said - I can't remember the exact words because I was so shaken - something like: "We will talk about this again," and she turned and walked quickly out of the door.'"

Miss Rice had the last laugh. Mr Rumsfeld was fired in 2006 as Iraq descended into civil war and Guantanamo Bay became a byword for abuse of power.

Now Secretary of State, Miss Rice, assisted by Mr Rumsfeld's replacement Robert Gates, fought and won a bureaucratic battle for President Bush's ear and the direction of US foreign policy that gradually marginalised the influence of hawks like Mr Cheney.

Re: Geopolitical thread - 15

Posted: 22 Sep 2008 23:33
by Arun_S
rsingh wrote:India to support Serbia's stand on Kosovo in UN
From TOI
Now that amount to big tamacha on "world community".

India to support Serbia's stand on Kosovo in UN
21 Sep 2008, 0002 hrs IST, Sachin Parashar,TNN
NEW DELHI: India has pledged support to Serbia in the UN General Assembly next month over the issue of Kosovo's independence.

In an interview to TOI, visiting Serbian foreign minister Vuk Jeremic said India has promised to vote in favour of Serbia which is seeking UNGA's approval to refer Kosovo's "illegal" independence to the International Court of Justice at Hague.

Kosovo had unilaterally declared independence from Serbia in February. Out of the 192 UN nations, only 47, including the US, have recognised Kosovo's independence, but Russia, China and India have opposed it.

The UN general committee had earlier accepted Serbia's request but the final outcome is subject to a vote by all UN nations in UNGA.

"India like other nations has a single vote but this single vote carries a lot of weight. I met foreign minister Pranab Mukherjee and our position on the issue has been received here with deep understanding. Kosovo's unilateral declaration of independence is an ethnically motivated attempt to secede in defiance of international law," said Jeremic, who is the first foreign minister of Serbia to visit India.

Kosovo's independence has polarised the world with many believing that the Russia-Georgia war too is a fallout of the happenings in Kosovo.

Serbia's ally Russia recognised the independence of two of Georgia's republics apparently in retaliation to the US recognition of Kosovo's independence.

"We have only used peaceful and legal means to deal with Kosovo. We have neither used force nor imposed economic sanctions. Some of the countries are even against our going to the UN and this we believe is an attempt to deny our fundamental right to ask questions," said Jeremic.

"Most of the countries are supporting us and we believe that if the matter goes to the International Court of Justice, it would freeze the number of nations recognising Kosovo. We have taken a lot of legal advice before undertaking this and believe that Kosovo will have only two options after the court gives its verdict — either be completely isolated or come to the table and discuss it with us," added Jeremic.

Referring to India's stand on J&K, Jeremic said that Serbia fully backed India's territorial integrity and there could be no compromise on that. "We fully back India on this. International borders have to be respected. Even for Kosovo, people said it's a special case but who is going to decide that. We had said earlier that this action by Kosovo can destabilise the world, but people ignored us. Nobody has the right to unilaterally declare independence and seek exemption from international law," said Jeremic.

He added that the visit to India even otherwise had been very fruitful. "Serbia shares excellent ties with India and during my visit here, we have only added more depth to the relationship. We have had talks on cooperation in automobiles, agriculture, technology, culture and education and this has been a very successful visit," Jeremic said.

On the delay in Serbia's integration into EU, Jeremic said some countries still doubted Serbia's intentions especially in dealing with those guilty of war crimes. "We have handed over some of those accused but some countries are still apprehensive. However, integration into EU is a strategic priority and we are going to achieve it," he added.

Re: Geopolitical thread - 15

Posted: 22 Sep 2008 23:34
by svinayak
Anyybody knows Belize - South American country - former British country

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 00:13
by Prem
Acharya wrote:Anyybody knows Belize - South American country - former British country
Yes ,
Buy land there for Shaant retirement.

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 00:22
by svinayak
Prem wrote:
Acharya wrote:Anyybody knows Belize - South American country - former British country
Yes ,
Buy land there for Shaant retirement.
I was given a presentation fo resort develpment. Good investment from their pitch but does anybody know more

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 00:27
by Prem
Acharya wrote:
Prem wrote: Yes ,
Buy land there for Shaant retirement.
I was given a presentation fo resort develpment. Good investment from their pitch but does anybody know more
The resort developmenti is going for the last 20-35 years , just like in Nigeria. :)

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 00:38
by satya
I was given a presentation fo resort develpment. Good investment from their pitch but does anybody know more
Acharya ,

Unless u have connections in US power circles and people in power in Belize know tht your money is backed by some good connections in US , ur investment is gone literally they will make sure. Belize along with Panama is pitching itself as next Bahamas for offshore corporation business and tried to bring in expertise from old Swiss hands to get some business but most of reputed Swiss bankers gave up since its a one way tunnel with only entry signs for money flows and no exit allowed and none wanted to ruin their reputation . Overall in old european money , S.America is just a notch up on Afrika.

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 00:39
by svinayak
Prem wrote:
The resort developmenti is going for the last 20-35 years , just like in Nigeria. :)
I got it :D

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 00:42
by svinayak
satya wrote:
I was given a presentation fo resort develpment. Good investment from their pitch but does anybody know more
Acharya ,

Unless u have connections in US power circles and people in power in Belize know tht your money is backed by some good connections in US , ur investment is gone literally they will make sure. Belize along with Panama is pitching itself as next Bahamas for offshore corporation business and tried to bring in expertise from old Swiss hands to get some business but most of reputed Swiss bankers gave up since its a one way tunnel with only entry signs for money flows and no exit allowed and none wanted to ruin their reputation . Overall in old european money , S.America is just a notch up on Afrika.
The developer is a friend of the Prime Minister of Belize who was elected in Feb 2008.
The developer has a team who are setting up the telecom infra and the commission people are known people.They are
pitching as a tax heaven and Cayman Island is only 1 hr flight.

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 03:04
by John Snow
Ok back to Jack Kenedy days.
From CNN.com

Russian navy ships head to VenezuelaUPDATED: 09:01 AM EDT September 22, 2008 MOSCOW, Russia (AP)A Russian navy squadron set off for Venezuela on Monday, an official said, in a deployment of Russian military power to the Western Hemisphere unprecedented since the Cold War.The Kremlin has moved to intensify contacts with Venezuela, Cuba and other Latin American nations amid increasingly strained relations with Washington after last month's war between Russia and Georgia.During the Cold War, Latin America became an ideological battleground between the Soviet Union and the United States.Russian navy spokesman Igor Dygalo said the nuclear-powered Peter the Great cruiser accompanied by three other ships sailed from the Northern Fleet's base of Severomorsk on Monday. The ships will cover about 15,000 nautical miles to conduct joint maneuvers with the Venezuelan navy, he told The Associated Press.Dygalo refused to comment on Monday's report in the daily Izvestia claiming that the ships were to make a stopover in the Syrian port of Tartus on their way to Venezuela. Russian officials said the Soviet-era base there was being renovated to serve as a foothold for a permanent Russian navy presence in the Mediterranean.The deployment follows a weeklong visit to Venezuela by a pair of Russian strategic bombers and comes as Venezuelan President Hugo Chavez -- an unbridled critic of U.S. foreign policy who has close ties with Moscow -- plans to visit Moscow this week. It will be Chavez's second trip to Russia in about two months.The intensifying contacts with Venezuela appear to be a response to the U.S. dispatch of warships to deliver aid to Georgia, which angered the Kremlin."It's a show of the Kremlin irritation about the U.S. deployment to Georgia. It's a signal to the United States: You have broken into our zone of influence, and we will show you that we can enter yours," said independent military analyst Alexander Golts.

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 04:39
by Prem
Acharya wrote:
satya wrote: Acharya ,

Unless The developer is a friend of the Prime Minister of Belize who was elected in Feb 2008.
The developer has a team who are setting up the telecom infra and the commission people are known people.They are
pitching as a tax heaven and Cayman Island is only 1 hr flight.
Friend of PM is kind of red flag i.e if they take money , turn isalmists, nothing can be done.

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 12:17
by Philip
Acharaya,I have a friend whose US company has bought a lot of land there some time ago.I can get the gen on the place for you.Will speak to him.

Back to the days of "gunboat diplomacy",this time Russian style!
http://www.telegraph.co.uk/news/worldne ... bbean.html

Russia deploys warships to the Caribbean
Russian warships are sailing towards the Caribbean for the first time since the Cold War to take part in a joint naval exercise with Venezuela.

By Adrian Blomfield in Moscow
Last Updated: 9:47PM BST 22 Sep 2008

The flagship of Russia's Northern Fleet, nuclear-powered guided missile cruiser Pyotr Veliky (Peter the Great) mooring in Severomorsk, near Murmansk in 2007 Photo: AFP/GETTY
In a display meant to show off Russia's military resurgence and to provoke the United States, four vessels from the Northern Fleet set sail on a mission replete with an atmosphere of Soviet-era bombast and brinksmanship.

Symbolically at least, the manoeuvres represent the Kremlin's boldest challenge yet to US military hegemony. By sailing so close to the American coastline for a series of exercises with Washington's principal detractor in Latin America, Russia seems to be deliberately attempting to irritate the White House.

The flotilla that left the northern port of Serveromosrk on Russia's Arctic coast was lead by the guided missile cruiser Peter the Great, one of the largest warships of its kind. The Kirov-class warship is equipped with cruise missiles that can be armed with nuclear warheads.

It was accompanied by the Admiral Chabanenko, an anti-submarine destroyer, and two support vessels.

Although navy chiefs insisted that the exercises had no political overtones, most analysts believe the Kremlin is signalling its determination to challenge the United States and retaliate for Washington's support of Georgia during last month's war in the Caucasus.

Vladimir Putin, the Russian prime minister, vowed that Moscow would respond in kind after accusing American naval vessels ordered to Georgia to deliver aid of carrying weapons to re-arm the government of President Mikheil Saakashvili.

The mission, which will formally begin in mid-November, will delight Hugo Chavez, the Venezuelan President, who has already revelled in the presence of two Russian bombers in his country earlier this month.

"It is a message to the empire that Venezuela is no longer poor and alone," Mr Chavez said last week.

Over the past 18 months, Mr Putin has unnerved the West by ordering the resumption of long-range bomber patrols close to the airspace of several countries, including Britain and the United States.

Whatever their private reaction, American officials are likely to mock Russia's latest attempt at swagger. The White House has already derided the Kremlin's attempts to court Latin America's socialist states, including Venezuela, Bolivia and Nicaragua as part of a newly assertive foreign policy that again has many echoes of the Cold War.

There were also insults from the Pentagon over the state of Russia's ageing air force and those jibes are likely to be revived with even greater intensity over the feeble condition of the country's navy.

According to some military analysts, about half of Russia's navy is in dry docks at any one time undergoing repair. The Peter the Great itself was put out of commission for several months in 2004 after Russia's navy chief warned it was in such poor condition it could "explode" at any moment.

Last week two sailors were killed aboard another Russian ship after it caught fire - a regular hazard on many vessels.

Even so, Russia is undergoing a rapid modernisation of its armed forces. While the focus has been on upgrading the country's nuclear capability, Russia unveiled plans last week to increase its defence budget by 50 per cent over the next three years.

Moscow is also seeking the international presence of its navy by building naval bases outside Russia for the first time since the Soviet Union collapsed and could build a new port in Syria, another close ally.

As it tries to reassert itself as a power, Russia has offered itself as a champion of many countries that are bitterly opposed to the United States, among them Iran, Burma and Zimbabwe.

Many of Russia's new friends will be addressing the United Nations General Assembly in New York, which convenes on Tuesday. President Mahmoud Ahmadinejad of Iran will address delegates in a speech that is expected to echo Russia's demands for an overhaul of the world order.

Mr Chavez will make his speech on Wednesday, with President Robert Mugabe of Zimbabwe due to talk on Thursday.

PS:Another report of the same calling it "gangland diplomacy"!
http://www.timesonline.co.uk/tol/news/w ... 804157.ece
Tony Halpin in Moscow
Russia flexed its muscles in America’s backyard yesterday as it sent one of its largest warships to join military exercises in the Caribbean. The nuclear-powered flagship Peter the Great set off for Venezuela with the submarine destroyer Admiral Chabanenko and two support vessels in the first Russian naval mission in Latin America since the end of the Cold War.

“The St Andrew flag, the flag of the Russian Navy, is confidently returning to the world oceans,” Igor Dygalo, a spokesman for the Russian Navy, said. He declined to comment on Russian newspaper reports that nuclear submarines were also part of the expedition.

The voyage to join the Venezuelan Navy for manoeuvres came only days after Russian strategic nuclear bombers made their first visit to the country. Hugo Chávez, the President, said then that the arrival of the strike force was a warning to the US. The vehemently antiAmerican Venezuelan leader is due to visit Dmitri Medvedev, the Russian President, in Moscow this week as part of a tour that includes visits to Cuba and China.

Peter the Great is armed with 20 nuclear cruise missiles and up to 500 surface-to-air missiles, making it one of the most formidable warships in the world. The Kremlin has courted Venezuela and Cuba as tensions with the West soared over the proposed US missile shield in Eastern Europe and the Russian invasion of Georgia last month. Vladimir Putin, the Prime Minister, said recently that Russia should “restore its position in Cuba” – the nation where deployment of Soviet nuclear missiles in 1962 brought Russia and the United States to the brink of nuclear war.

Related Links
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Triumphant Chavez taunts US 'devil'
Igor Sechin, the Deputy Prime Minister, made clear that Russia would challenge the US for influence in Latin America after visits to Venezuela, Nicaragua and Cuba last week. He said: “It would be wrong to talk about one nation having exclusive rights to this zone.”

Moscow was infuriated when Washington sent US warships into the Black Sea to deliver aid to Georgia after the war. Analysts said that the Kremlin was engaging in gunboat diplomacy over the encroachment of Nato into the former Soviet satellites of Georgia and Ukraine.

Pavel Felgengauer, a leading Russian defence expert, told The Times: “It’s to show the flag and the finger to the United States. They are offering a sort of gangland deal – if you get into our territory, then we will get into yours. You leave Georgia and Ukraine to us and we won’t go into the Caribbean, OK?” He described the visit as “first and foremost a propaganda deployment”, pointing out that one of the support vessels was a tug in case either of the warships broke down.

Latin America was one of the arenas of the Cold War in which the US and the Soviet Union battled for ideological dominance. Russia has agreed to sell more than $4 billion (£2 billion) worth of armaments to Venezuela since 2005 and disclosed last week that Mr Chávez wanted new antiaircraft systems and more fighter jets.

Mr Dygalo denied any link with Georgia and said that Mr Chávez and Mr Medvedev had agreed on the exercises in July.

Sea power

— In the Battle of Tsushima in 1905 – the largest naval battle since Trafalgar – the Russian fleet sailed 18,000 miles (33,000km) to Port Arthur in the Pacific, where it was outmanoeuvred and destroyed by Japanese forces

— During the 1962 Cuban missile crisis, the Soviet Navy conducted 180 voyages on 86 ships to transfer weapons to Cuba.

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 20:27
by renukb
How the times CHANGE ! Should we bail England for free? We should take a ride on them, If it is possible.

India will help out of financial crisis: British finance minister

London, Sep 22 (IANS) The British finance minister said Monday India and other strong emerging economies will help bail out Britain from the current global economic downturn.

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 20:36
by renukb
If Russians believe in US-Russia co-operations, the result will be same as what happened in the late 80's and the 1990's. Russia will be further split, and will be in more pittiable position financially, than what they were in the early 1990's... Once bitten twice SHY....

U.S., Russia must unite to lessen nuclear dangers

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 20:40
by renukb
US is doing what it does best, after defeating the enemy, get the best out of them and be done with them....Russians will be foolish to give US the technology where they are ahead...

NASA chief requests Russian craft: Says space station work depends on launch vehicles

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 20:43
by renukb
Interesting....First naval excercises with Russia...and now...

Venezuela's Chavez in Beijing for state visit

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 20:57
by renukb
Russians of All Countries, Unite?
http://wyborcza.pl/1,76842,5724431,Russ ... nite_.html
Eight million - close to one in five - Ukrainians will be eligible to apply for Russian citizenship, if a law currently discussed by the Duma enters in force. The same applies to millions of Kazakhs, Uzbeks, Armenians, Azerbaijanis, and other peoples of the former Soviet Union. It's enough for someone to have been born in Russia to now apply for its citizenship. There are tens of millions of such people in the former Soviet area.

It could seem alright that Moscow cares for its compatriots - were it not for a small provision in its military doctrine: 'A man with a Russian passport gets mugged and beaten on the street in the Crimea, and on the next day Russian tanks roll in or planes drop bombs. This isn't a joke, precisely such argumentation was used by Moscow during the recent war in Georgia.

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 21:10
by renukb
New arms race between Russia and USA may trigger star wars

“The arms race has already started, but Russia would like it to have a restricted character not to be spread in space,” Vice President of the Center for Political Technologies, Aleksei Makarkin said in an interview with Strana.ru website, commenting on Russia’s intention to bring draft resolution “Measures of Transparency and Strengthening Confidence in Space Activities” on the agenda of the UN General Assembly, which started working on Monday.

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 21:14
by renukb
U.S. Says Russia Too Weak for Cold War
http://www.kommersant.com/p-13269/Russi ... relations/
U.S. Deputy Assistant Secretary of State Matthew Bryza stated in an interview with the Azerbaijani television channel ANS that Russia is too weak for a new cold war with the United States, Interfax information agency reports. Bryza said he hoped Russia would understand sooner or later that military operations were too expensive for it and deprive it of both money and prestige.
Bryza denied the allegations of Russian Ambassador to NATO Dmitry Rogozin that the U.S. has prepared in Georgia a staging ground for an attack on Iran and called Rogozin’s statements “unprofessional.”

Talk of a new cold war arose after the increasing tension in U.S.-Russian relations due to the August 8-12 war in South Ossetia. The U.S. considered that war Russian aggression against Georgia, bulwark of democratic in the former Soviet Union. After that, bilateral military cooperation was called off and the U.S. agreed to Polish terms to speed up placement of elements of its missile defense system in that country. That move was seen as hostile in Russia.

The U.S. called the visit by Russian Tu-160 strategic bombers to Venezuela this month “a holdover of the Cold War.”

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 21:59
by ramana
Need to pay attention to this.
X-posted from Nayak in the Global Economy thread....

Nytimes whines, very delicious indeed.

http://www.nytimes.com/2008/09/22/opini ... ei=5087%0A
The Fleecing of America

By ROGER COHEN
Published: September 21, 2008

Yes, folks, the cash is elsewhere. Asians have been saving rather than spending. Their consumers are in better shape, as are their banks. The China Investment Corp. (C.I.C.), a sovereign wealth fund, is sitting on $200 billion (and a 9.9 percent stake in Morgan Stanley) while China’s central bank is managing another $1.8 trillion in reserves.

And what have we heard from the new centers of wealth and power — China, India, Brazil, Russia, the Gulf states — about America’s financial agony over the past week? Zilch.

Well, not quite. Asked about the crisis, Luiz Inácio Lula da Silva, the Brazilian president, said: “What crisis? Go ask Bush.”

Thanks, Lula. Brazil is sitting on $208 billion of its own in reserves, so perhaps Lula would say his flippancy is justified. But I don’t think it is.

Remember the last financial crisis in 1998? With the Russian economy in a freefall, Moscow officials scurried to the U.S. Treasury to secure vital American support for $17.1 billion in new International Monetary Fund loans. That steadied things.

The world has changed in the past decade. There’s been a steady transfer of wealth away from the United States in a shift most Americans have not yet grasped. But there has been no accompanying transfer of responsibility. New powers are free-riding as if it were still the American century.

It’s not. Imagine if Hu Jintao, the Chinese president, had declared last week: “China has a deep interest in the stability of the U.S. economy and the dollar. We stand ready to help in the essential return of confidence to financial markets. Talks with the U.S. Treasury are ongoing.” Or perhaps the BRIC countries (Brazil, Russia, India and China) might have put out such a joint statement.

Let’s be clear: this is an American mess forged by the American genius for new-fangled financial instruments in an era where the mantra has been that government is dumb and the markets are smart and risk is non-existent. The responsibility for undoing the debacle is chiefly American, too.

But toxic mortgage-backed securities were peddled by plenty of foreign banks. And the decision to pour $85 billion of U.S. taxpayers’ money into the rescue of American International Group (A.I.G.), the insurance giant, followed appeals from foreign finance ministers to Henry Paulson, the Treasury secretary, to save a global company.


Representative Barney Frank, Democrat of Massachusetts and chairman of the House Financial Services Committee, told me: “Paulson said he was getting calls from finance ministers all around the world saying, you have to save A.I.G. Well, they should have been asked to contribute to the pot.”

Frank has a point. (He should coach Barack Obama on how to put economics in plain language.) As Frank said on “The Charlie Rose Show,” “I don’t think the European Central Bank should be free to spend the Federal Reserve’s money and not put any in.”

I know, you reap what you sow. Nobody’s itching to help the Bush administration. World central banks did inject billions in concerted action to help stabilize money markets. But the U.S. has essentially been on its own. Now foreign banks with U.S. affiliates will want a slice of the $700 billion bailout. That doesn’t make sense until the burden of this rescue starts reflecting a globalized world.

I asked Frank why Paulson and Ben Bernanke, the Federal Reserve chairman, did not get more foreign support. “I think it’s a perverse pride thing,” he said. “We don’t ask for help. We’re the big, strong father figure. But let’s be realistic: we’re no longer the dominant world power.” :mrgreen: :mrgreen: :mrgreen:

It’s time for a responsibility shift. Call it the Hirst reality check. If he can sell a formaldehyde-pickled sheep with gold horns for millions while Lehman goes under, perhaps it’s time for everyone to help a little when Americans get fleeced.
Massa wants us brown-skinned-noobs to help them out of the $hithole they have dug themselves in. :rotfl: :rotfl: :rotfl:

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 22:21
by Prem
ramana wrote:Need to pay attention to this.
X-posted from Nayak in the Global Economy thread....

Nytimes whines, very delicious indeed.

http://www.nytimes.com/2008/09/22/opini ... ei=5087%0A
The Fleecing of America

By ROGER COHEN
Published: September 21, 2008

Yes, folks, the cash is elsewhere. Asians have been saving rather than spending. Their consumers are in better shape, as are their banks. The China Investment Corp. (C.I.C.), a sovereign wealth fund, is sitting on $200 billion (and a 9.9 percent stake in Morgan Stanley) while China’s central bank is managing another $1.8 trillion in reserves.

And what have we heard from the new centers of wealth and power — China, India, Brazil, Russia, the Gulf states — about America’s financial agony over the past week? Zilch.

Well, not quite. Asked about the crisis, Luiz Inácio Lula da Silva, the Brazilian president, said: “What crisis? Go ask Bush.”

Thanks, Lula. Brazil is sitting on $208 billion of its own in reserves, so perhaps Lula would say his flippancy is justified. But I don’t think it is.

.

It’s not. Imagine if Hu Jintao, the Chinese president, had declared last week: “China has a deep interest in the stability of the U.S. economy and the dollar. We stand ready to help in the essential return of confidence to financial markets. Talks with the U.S. Treasury are ongoing.” Or perhaps the BRIC countries (Brazil, Russia, India and China) might have put out such a joint statement.


Massa wants us brown-skinned-noobs to help them out of the $hithole they have dug themselves in. :rotfl: :rotfl: :rotfl:


The foundation is shaken and System is exposed as not solid. Its slippary slope from here . I am looking for a book by Indian Economist living in Texas. I keep forgetting his name but he predicted in 1999 that withn 10 years capitalist, free market system will collapse because of unchecked greed. Now these greedy bastrads are creating turmoil in commodity market, this will undo even the little value left in US Dollar.

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 22:24
by ramana
Prem, Was it Rajiv Batra? He wasderided quite severely when he published his book predicting the coming fall.

Re: Geopolitical thread - 15

Posted: 23 Sep 2008 23:05
by SwamyG
ramana wrote:Need to pay attention to this.
X-posted from Nayak in the Global Economy thread....

Nytimes whines, very delicious indeed.

http://www.nytimes.com/2008/09/22/opini ... ei=5087%0A
The Fleecing of America

By ROGER COHEN
Published: September 21, 2008

Yes, folks, the cash is elsewhere. Asians have been saving rather than spending. <snip><snip><snip>
And what have we heard from the new centers of wealth and power — China, India, Brazil, Russia, the Gulf states — about America’s financial agony over the past week? Zilch.

<snip><snip><snip><snip>
The world has changed in the past decade. There’s been a steady transfer of wealth away from the United States in a shift most Americans have not yet grasped.

<snip><snip><snip><snip>

But let’s be realistic: we’re no longer the dominant world power.”
Folks are starting to see the light at the end of the tunnel is actually a freight train heading straight towards them.