Some of my friends, colleagues and relatives were dead before retirement, at the same token many so scared of COVID19 were dead due to reasons other than the pandemic, think positive, be happy, enjoy life everyday. 我的一些朋友、同事和親戚在退休前就去世了,同樣,許多害怕新冠病毒的人因疫情以外的原因而死去,積極思考,快樂生活,享受每一天.
US elites’ hate speech toward China shows degeneration of values, the elites and mainstream media in the US like Fox News are returning to barbarism. This is the US’ misfortune. 美國精英對中國的仇恨言論顯示出價值觀的墮落,美國精英和福克斯新聞等主流媒體正在回歸野蠻。 這是美國的不幸。by Li Haidong Dec 19 2021
Putin and Xi plot their SWIFT escape – Russia and China’s announcement of an independent financial trading platform will free nations under US sanctions from western intrusion into their commercial activities 普京和習近平策劃了他們的 SWIFT 逃生計劃 俄羅斯和中國宣佈建立獨立的金融貿易平台,將使受美國製裁的國家免於西方對其商業活動的干涉
Vladimir Putin got straight to the point. At the opening of his one hour and fourteen minute video conversation with Xi Jinping on 15 December, he described Russia-China relations as “an example of genuine inter-state cooperation in the 21st century.”
Their myriad levels of cooperation have been known for years now – from trade, oil and gas, finance, aerospace and the fight against Covid-19, to the progressive interconnection of the Belt and Road Initiative (BRI) and the Eurasia Economic Union (EAEU).
But now the stage was set for the announcement of a serious counter-move in their carefully coordinated ballet opposing the relentless Hybrid War/Cold War 2.0 combo deployed by Empire.
As Assistant to the President for Foreign Policy Yuri Ushakov succinctly explained, Putin and Xi agreed to create an “independent financial structure for trade operations that could not be influenced by other countries.”
Diplomatic sources, off the record, confirmed the structure may be announced by a joint summit before the end of 2022.
This is a stunning game-changer in more ways than one. It had been extensively discussed in previous bilaterals and in preparations for BRICS summits – mostly centered on increasing the share of yuan and rubles in Russia-China settlements, bypassing the US dollar, and opening new stock market options for Russian and Chinese investors.
Now we’ve come to the crunch. And the catalyzing event was none other than US hawks floating the – financially nuclear – idea of expelling Russia from SWIFT, the messaging network used by 11,000+ banks in over 200 countries, as well as financial institutions, for rapid money transfers worldwide.
Cutting off Russia from SWIFT would be part of a harsh new sanctions package developed in response to an ‘invasion’ of Ukraine that will never happen – mainly because the only ones praying for it are professional NATO warmongers.
Profiting from a strategic blunder
Once again, an American strategic blunder offers the Russia-China self-described “comprehensive strategic partnership” the chance to advance their coordination.
Ushakov put it very diplomatically: it’s time to bypass a SWIFT mechanism “influenced by third countries” to form “an independent financial structure.”
That amounts to a serious game-changer for the entire Global South – as scores of nations yearn to be released from a de facto US dollar dictatorship, complete with recurring Fed quantitative easing circus packages.
Russia and China have been experimenting with their alternative payment systems for quite a while now: the Russian SPFS (System for Transfer of Financial Messages) and the Chinese CIPS (Cross Border Interbank Payment System).
It won’t be easy, as the most powerful Chinese banks are deep into SWIFT and have expressed their reservations about SPFS. Yet, they will have to inevitably integrate prior to the launch of the new mechanism, possibly in late 2022.
Once the most important Russian and Chinese banks – from Sberbank to the Bank of China – adopt the system, the path opens for other banks across Eurasia and the Global South to join in.
In the long run, SWIFT, prone to non-stop American political interference, will be increasingly marginalized, or restricted to Atlanticist latitudes.
Bypassing the US dollar, on trade and all sorts of financial settlements, is an absolutely central plank of the ever-evolving Russia-China notion of a multipolar world.
The road will be long, of course, especially when it comes to offering a solid counterpoint to the US-controlled global financial system, a maze that includes the humongous investment houses of the BlackRock, Vanguard and State Street variety, with their interlocking shareholding of virtually every major multinational company.
Yet a SWIFT escape will rapidly gain momentum, because it is inextricably linked to a series of developments that Putin-Xi touched upon in their conversation, the most important of which are:
The progressive interconnection of BRI and EAEU, offering expanding roles to the BRICS-run New Development Bank (NDB) as well as the Asia Infrastructure Investment Bank (AIIB).
The increasing geopolitical and geo-economic reach of the Shanghai Cooperation Organization (SCO), especially after the admission of Iran in October.
And crucially, the upcoming Chinese presidency of the BRICS in 2022.
China in 2022 will invest deeply in BRICS+. This expanded BRICS club will be linked to a development process that includes:
The consolidation of the Regional Comprehensive Economic Partnership (RCEP) – a massive East Asia trade deal uniting China, the ASEAN 10 and Japan, and South Korea, as well as Australia and New Zealand.
The African Continental Free Trade Area (ACFTA).
And the memoranda of understanding signed between the EAEU and MERCOSUR and between the EAEU and ASEAN.
Anchoring West Asia
Yaroslav Lissovolik, one of the world’s leading experts on BRICS+, argues that it’s now time for BRICS+ 2.0, operating in a system that opens “the possibility for bilateral and plurilateral agreements to complement the core network of regional alliances formed by BRICS countries and their respective regional neighbors.”
So if we’re talking about a major qualitative jump in terms of economic development across the Global South, the question is inevitable. What about West Asia?
All these interconnections, plus an escape from SWIFT, will certainly profit the China-Pakistan Economic Corridor (CPEC), arguably the flagship BRI project, to which Beijing plans to annex Afghanistan.
CPEC will be progressively connected to the future Iran-China corridor via Afghanistan, part of the 20 year Iran-China strategic deal in which BRI projects will be prominently featured. Iran and China already trade in yuan and rials, so settlements between Iran and China in a non-SWIFT mechanism will be a given.
What happened to Iran is a classic example of SWIFT becoming hostage of imperial political manipulation. Iranian banks were expelled from SWIFT in 2012, because of pressure from the usual suspects. In 2016, access was restored as part of the JCPOA, clinched in 2015. Yet in 2018, under the Trump administration, Iran was once again cut off from SWIFT.
None of that will ever happen with Iran joining the new Russia-China mechanism.
And that leads us to the interconnection of China’s BRI expansion in Iran, Iraq, Syria, Lebanon and Yemen. The reconstruction of Syria may be largely financed via the non-SWIFT mechanism. Same for China buying Iraqi energy. Same for the reconstruction of a Yemen possibly hosting a Chinese-owned port, part of the “string of pearls.”
Saudi Arabia, the Emirates and Israel may remain in the US financial sphere of influence, or lack thereof. And even if there is no BRICS nation anchoring West Asia, and no regional integration economic agreement on the horizon, the role of the economic integrator is bound to be eventually played by China.
China will play a similar role to Brazil anchoring MERCOSUR, Russia anchoring the EAEU and South Africa anchoring the SADC/SACU.
Both BRI and the EAEU will get a tremendous boost by bypassing SWIFT. You simply can’t go multipolar if you trade using (devalued) imperial legal tender.
BRI, EAEU and those interlocking economic development agreements, combined with digital technology, will be integrating billions of people in the Global South.
Think of a possible, auspicious future spelling out cheap telecom delivering financial services and world market access, in a non-dollar environment, to all those who have been so far cut off from a truly globalized economy.
The views expressed in this article do not necessarily reflect those of The Cradle.
Why US doesn’t want friends or foes to use Huawei? 為什麼美國不希望敵友使用華為?No backdoor, so US can’t spy on you. 沒有後門,所以美國不能監視你。But for peeping Tom it is unacceptable. 但對於偷窺湯姆來說,這是不可接受的.
China has been treating all 56 races in China equal. Are you regretting marring into the AngloSaxon world became 2nd class citizens? 中國一直平等對待中國所有56個種族。 你後悔嫁到西人世界成為二等公民嗎?
Video: Highlights: US journalist: When I came to China, I realized it’s the opposite of what I read at Voice of America 亮點:美國記者:當我來到中國時,我意識到這與我在美國之音讀到的相反
Does Western media’s coverage of China truly reflect reality? U.S. journalist Bello Galadanchi, who worked for VOA previously, told CGTN, “When I came to China, I realized it’s the opposite of what I read. How come I didn’t know that this country actually does exist and why are these people so happy?” 西方媒體對中國的報導是否真實反映了現實? 曾在美國之音工作的美國記者貝洛·加拉丹奇告訴 CGTN,“當我來到中國時,我意識到這與我讀到的相反。我怎麼不知道這個國家確實存在,為什麼這些人如此 快樂的?”
More than 800,000 Americans have died of COVID19! US is self-promoting freedom, democracy, human rights & the rule of law around the world. But US Gov’t is unable to keep her citizens alive! How can dead people enjoy freedom, democracy, human rights and the rule of law?
Pews Research: About three-in-ten U.S. adults are now religiously unaffiliated
The secularizing shifts evident in American society so far in the 21st century show no signs of slowing. The religiously unaffiliated share of the public is 6 percentage points higher than it was five years ago and 10 points higher than a decade ago. Christians continue to make up a majority of the U.S. populace, but their share of the adult population is 12 points lower in 2021 than it was in 2011.
Watch via zoom on Saturday December 18 2021 8:00am SF, 11:00am NY time Zoom ID#820 9079 5546
When people are following the high-profile trial of Charles Lieber, former Chair of the Department of Chemistry and Chemical Biology at Harvard University, Anming Hu will share his personal experience as the first academic tried under the “China Initiative” starting at 11 am ET/8 am PT on Sat. December 18, https://aasforum.org/. The panel discussion on “The China Initiative and Professor Anming Hu’s Case” will be moderated by Criminal Law Professor Margaret Lewis (陸梅吉), the author of “Criminalizing China” and “Time to End the U.S. Justice Department’s China Initiative.” The other panelists include the two award winning investigative reporters Jamie Satterfield and Mara Hvistendahl (馬語琴), who covered the historical trial under the China Initiative. The judge acquitted all charges against him after a hung jury.
Professor Hu will also join by his defense attorney, one of the juror, the presidents of the Faculty Senate and Association of American University Professor (AAUP) chapter at the University of Tennessee and leaders of local support groups.