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UsernameSlightly Optimistic
Joined04 Feb '06  18:48
First Post04 Feb '06  20:22
Last Post20 Oct '14  08:19
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Last 10 posts

20 Oct '14  08:19
European Political Economy
Some background to the need for change is the introduction to last week's talk about Bretton Woods:
The idea of world leaders gathering in the midst of economic crisis has become all-too familiar. But the summit at Bretton Woods in 1944 was the only time countries from around the world have agreed to overhaul the structure of the international monetary system. And, what’s more, they were successful – it was the closest to perfection the world’s economy has ever been, and arguably the demise of the Bretton Woods system is behind our present woes.

And the posting in the UK House Price forum, 03 Jul '14 11:04.
‘The Summit: The Biggest Battle of the Second World War – Fought Behind Closed Doors’

The economically powerful US, led by Dexter White, succeeded in bending the new 'peace-inducing' International monetary Fund to Washington's needs. The US ended up with a controlling interest in global economics - the engine of the new political world order [fronted by the United Nations]. The leader of the British delegation to Bretton Woods, Keynes, resisted unsuccessfully in part.

In fact it was said the US wanted to downgrade the UK as much as possible However Keynes opposed this.

But times have changed since 1944.

And the Financial Markets forum, 30 Sep '14 07:59
We need to deglobalise. That's the message coming from Australia's G20. The problems are too many, global finance can't be fixed. [29 Sep '14 10:17]

Former chair of the US Fed, Alan Greenspan, seems to agree.
His essay in Foreign Affairs on 'Why Beijing is buying gold', is surely a warning that the US's turn to economic patriotism is incompatible with the norms of a global economy. This supports the comment by another former Fed chair, Paul Volcker that we probably need a new Bretton Woods.

Oil companies and banks [but not Chinese?] can't continue paying huge tribute to the White House.

20 Oct '14  07:08
Sporting Comments
Council bid to bring Tour de France to Edinburgh
A £225,000 deal to stage two 2015 Tour of Britain cycling events in Edinburgh is being struck with a long term view of wooing Tour De France organisers.

It has been a long held wish of city leaders to host the Grand Depart of cycling’s biggest race the Tour De France - only narrowly losing out to Yorkshire this year. If successful it would be the first time a race of such magnitude has come to Scotland - it is hoped to host the race in either 2018 or 2019.

19 Oct '14  19:37
President Obama
Yes Hoogstraten, President Obama actually disclosed the Whitehouse foreign policy.

No wonder PaxAm thinks the US should surrender its control over the global economic system at the UN.
19 Oct '14  17:26
European Political Economy
19 Oct '14  17:01
European Political Economy
The United Nations has been a thorn in the side of the US for some time, on a number of issues.

U.N. Security Council: U.S. Vetoes of Resolutions Critical to Israel

So the plan is to remove it, and any legitimacy of NATO.
19 Oct '14  15:48
European Political Economy
Replace the United Nations with the United States? NATO? A pretty desperate plea PA.

land grabs and bullying of neighbours Hasn't the US sanctioned this in the past - memories of postings in the Middle East forum.
19 Oct '14  12:24
European Political Economy
Reception seems to be faulty.
Here we are again:
So, in essence, the United Nations gets dumped.

Interestingly the Charter of the United Nations provides the authority for the existence of NATO.

Incidentally, still on geopolitics, Barroso was on BBC this morning saying that Britain would lose any political influence it hoped to have in the world by leaving the European Union.

Britain's politics are changing anyway. Britain votes to recognise a Palestinian state
After siding with Israel early in the Gaza war, Mr Cameron denounced Israel’s post-war landgrab as “utterly deplorable”.

19 Oct '14  09:15
European Political Economy
So, in essence, the United Nations gets dumped.

Interestingly the Charter of the United Nations provides the authority for the existence of NATO.
19 Oct '14  09:03
President Obama
Prudence, as the US president said to the 'Economist': "a robust, interventionist foreign policy on behalf of certain principles, ideals or international rules is not a tradition that most countries embrace".

To repeat the comment below: It would surely help the international community greatly [especially the soon to be Turkey led G20] if it knew the "certain principles, ideals or international rules" before the US used its "robust, interventionist foreign policy" to enforce them.

Another matter:
Geopolitics in oil, per Tom Friedman

The European Union is worried about the US insistence that others [including the EU] adopt an investor dispute mechanism, whereby companies can sue states because of their policies.

Obviously the mechanism doesn't apply to the US because of its unique foreign policy, mentioned above.
18 Oct '14  16:37
President Obama
Geopolitics is big business

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