Trump’s Trade War with China May Have Paved the Way to a Post-G20 World

The ascendence of China and multilateral trading blocks could eventually spell the doom of the G20 and U.S. global dominance as we know it.

Donald Trump | Xi Jinping

The trade war launched by the Trump administration against China may not have been solved by a 2½-hour dinner between Chinese President Xi Jinping and Donald Trump at the G20 in Buenos Aires on Saturday. But it may have opened a path towards a drastic realignment. Way beyond the histrionics surrounding the “family pic” – and whose nods and winks

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How BRICS Plus Is Challenging America’s Economic War on Iran

Rhetorical war has far-reaching consequences, including a potential economic slump via the disruption of global oil supplies

A journalist walks past a placard of Nelson Mandela during the BRICS Summit in Johannesburg, South Africa. Themba Hadebe | AP

The key take away from the BRICS summit in Johannesburg is that Brazil, Russia, India, China and South Africa – important Global South players – strongly condemn unilateralism and protectionism. The Johannesburg Declaration is unmistakable: “We recognize that the multilateral trading system is facing unprecedented challenges. We underscore the

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New Eurasian Cooperation Spells the End of Western Dominance

Key economic forums in cities across Eurasia point the way to new power structures rising to challenge Western dominance.

Russian President Vladimir Putin, center, leaves the Great Hall of the People after meeting with Chinese Premier Li Keqiang in Beijing, Friday, June 8, 2018. Putin is in China to attend the Shanghai Cooperation Organization (SCO) Summit in Qingdao. (AP Photo/Mark Schiefelbein)

Ahead of the crucial Shanghai Cooperation Organization (SCO) summit in Qingdao this coming weekend, three other recent events have offered clues on how the new world order is coming about. The Astana Economic Forum in Kazakhstan centered on how mega-partnerships are changing world trade. Participants included the president of the Asian

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Venezuela Quits US Dollar For Crude Oil Payments

Maduro hinted further that the South American country would look to using the Chinese yuan instead, among other currencies.

Venezuelan President Nicolas Maduro fist bumps a worker of the state-run oil company PDVSA during a visit to the Orinoco oil belt in Venezuela in 2013. (Photo: Miraflores/AP)

Did the doomsday clock on the petrodollar (and implicitly US hegemony) just tick one more minute closer to midnight? Apparently confirming what President Maduro had warned following the recent US sanctions, The Wall Street Journal reports that Venezuela has officially stopped accepting US Dollars as payment for its crude oil exports. As we

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Brazil’s Manufactured Coup: The ‘Shock Doctrine’ Returns To Latin America

The Global South is growing unintelligible from the European South amid harsh austerity measures and other maneuverings that suit the rich and powerful at the expense of the poor and working class.

Maria de Jesus Oliveira da Costa, known as "Tia Zelia," takes down an autographed photo given to her by Brazil's impeached President Dilma Rousseff, to show it to journalists at her restaurant in Brasilia, Brazil, where photos of former President Luiz Inacio Lula da Silva also hang. (AP/Eraldo Peres)

BRASILIA, Brazil --- Harsh austerity. A 20-year public spending freeze. A non-elected government. A coup backed by the United States and corporate world. This is the new reality that Brazil has faced following the impeachment and ouster of the democratically-elected Dilma Rousseff in August of 2016 on charges of corruption and her replacement

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‘Empire Strikes Back’: Eric Draitser On Western Destabilization Of BRICS

‘They see [the BRICS countries] as integral to the Western-centric worldview … and they don’t want to allow any competition to emerge,’ the geopolitical analyst tells Mnar Muhawesh on ‘Behind the Headline.’

From left: Brazil's President Dilma Rousseff , Indian Prime Minister Narendra Modi, President of Russia Vladimir Putin, President of China Xi Jinping and South African President Jacob Zuma sit during a signing ceremony at the BRICS Summit in Ufa, Russia, Thursday, July 9, 2015. Ufa is hosting BRICS (Brazil, Russia, India, China and South Africa) and SCO (Shanghai Cooperation Organisation) summits. (Sergei Ilnitsky/Pool photo via AP) MINNEAPOLIS --- NATO, the International Monetary Fund, and the World Bank are all touted as global organizations, in which every member is deserving of dignity, progress and support. Yet these organizations and others like them are dominated by economic and political heavyweights in Washington,

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