M. K. Bhadrakumar — SCO summit: Inflection point for Indian diplomacy

When India applied for SCO membership or when observers like myself felt elated when India was finally admitted into the grouping in 2017, no one could have foreseen that the grouping held such potential in the very near term itself as a platform for the reset of regional politics — in particular, the India-Pakistan-China triangle.

New possibilities are opening up for Indian diplomacy at the two-day summit meeting of the Shanghai Cooperation Organisation (SCO) at Bishkek on June 13-14....

India Punchline
SCO summit: Inflection point for Indian diplomacy
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service

Alastair Crooke — America"s Technology and Sanctions War Will End, by Bifurcating the Global Economy

The bifurcation of the global economy was already in process. This stemmed firstly from America’s geo-political financial sanctions regime (i.e. Treasury Wars) – and the consequent attempts by targeted states to de-couple from the dollar sphere. The ‘war hawks’ surrounding the President are now inventing a whole new swathe of ‘tech crimes’ for sanctioning – ostensibly to give Trump oven more of his much-desired negotiating ‘leverage’. Clearly the hawks are using the ‘leverage’ pretext, to up-the-ante against China, Russia and its allies – for far wider ambitions than just giving the President more ‘cards in his hand’: Perhaps rather, to re-set the entire power-balance between America versus China and Russia.

The obvious and inevitable consequence has been an accelerating financial separation from the dollar sphere; and the development of a non-dollar architecture. De-dollarisation in a word....

Effectively, the US seems prepared to burn-down its reserve-currency status, to ‘save’ itself – to ‘Make America Rich Again’ (MARA), and to hobble China’s rise. And while burning down dollar-hegemony, the Administration is burning its own ‘global order’ too: attenuating it from the ‘global’ – down to a reduced sphere of US tech and security allies, facing China and the non-West.…

This tech and data new Cold War will polarise the global economy into spheres, and already it is polarising it politically, into a new ‘with us, or against us’ American paradigm.…

Strategic Culture Foundation

America"s Technology and Sanctions War Will End, by Bifurcating the Global Economy
Alastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacy

See also

The Daily Coin

 Away From Dollar As Banking Sector Incorporates Blockchain

Rory Hall

Stanislav Tkachenko — G20: A Transition to Bipolarity?

Although the G20 still retains its potential to support the global economic stability, there is an impression that its mission is coming to an end. If this trend is not reversed, then, a summit or two from now, we might see the return of trade wars and competitive devaluations of national currencies. In that case, the current G20 format, built around the US leadership and hegemonic in nature, will not work at all. The nature of the G20 is that of an international forum, not an international intergovernmental organization.;;;

Valdai
G20: A Transition to Bipolarity?

Stanislav Tkachenko, Visiting Professor at the Research Center for the Economies and Politics of Transitional Countries, Liaoning University

Pepe Escobar — Greater Eurasia coming together in the Russian Far East

The Eastern Economic Forum in Vladivostok has become a crucial part of strategic integration between China, Russia and other countries in northeast Asia, a graduation assimilation set to transform the current world system…

Contrary to misinformed or manipulated Western hysteria, the current Vostok war games in the Russian Far East’s Trans-Baikal, including 3,000 Chinese troops, are just a section of the much deeper, complex Russia-China strategic partnership. This is all about a matryoshka: the war game is a doll inside the geoeconomic game.

In ‘China and Russia: The New Rapprochement’, Alexander Lukin, from the National Research University Higher School of Economics in Moscow, lays down the roadmap in detail; the evolving, Eurasia-wide economic partnership is part of a much larger, comprehensive concept of “Greater Eurasia”. This is the core of the Russia-China entente, leading to what political scientist Sergey Karaganov has dubbed, “a common space for economic, logistic and information cooperation, peace and security from Shanghai to Lisbon and from New Delhi to Murmansk.”

Without understanding the Big Picture enveloping debates such as the annual gathering in Vladivostok, it’s impossible to understand how the progressive integration of BRI, EAEU, SCO, ASEAN, BRICS and BRICS Plus is bound to irreversibly change the current world-system.

Asia Times

Greater Eurasia coming together in the Russian Far East

Pepe Escobar

Reuters — China warns U.S. not to open Pandora's Box, unleash trade ills on world

The take-away: "Negotiations must be equal, and China will not accept any consultation under unilateral coercion,” Gao said."

China (and Russia) demand to be treated as equals, which would mean the US accepting multipolarity. 

Is the US willing to go to the mat to maintain unipolarity?

Stay tuned.

Reuters
China warns U.S. not to open Pandora's Box, unleash trade ills on world
Se Young Lee and Yawen Chen

Branko Milanovic — “Fake news”: reaction to the end of the monopoly on the narrative — MORE

The reaction of the Western media is a subset of the reaction of Western governments losing their monopoly as a consequence of globalization.

Global Inequality
“Fake news”: reaction to the end of the monopoly on the narrative
Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace

See also

Armstrong Economics
Mueller Creates his Own Conspiracy
Martin Armstrong

also

Disobedient Media
Mueller’s Investigation A Farce: Files Joke Indictment Against Russian Trolls

Elizabeth Vos and Kenneth Whittle

also

New U.S. policy on nuclear retaliatory strikes for cyber-attacks is raising concerns, with Russia claiming that it’s already been blamed for a false-flag cyber-attack – namely the election hacking allegations of 2016, explain Ray McGovern and William Binney.

Consortium News
Russians Spooked by Nukes-Against-Cyber-Attack Policy

Ray McGovern and William Binney

also

NYT’s ‘Really Weird’ Russiagate Story

Daniel Lazare

also

Irrussianality

Undermining Democracy

Paul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawa

also

Moon of Alabama
White House: "Iraq Has Antrax Virus" "Russia Launched NotPetya"

b

Russia Feed — New Russian Yuan-backed bond poses threat to US dollar hegemony

The two BRICS powers Russia and China are moving towards dethroning the greenback as global reserve currency.

The Global South is moving away from the US dollar to the Chinese yuan owing to US politicization of global finance.

Russia Feed
New Russian Yuan-backed bond poses threat to US dollar hegemony

Wang Yi — China, Russia adhere to multi-polar world order

The joint promotion of a multi-polar world order is an important area of interaction between China and Russia, Chinese Foreign Minister Wang Yi said before his visit to Russia.

"Multi-polarity is a main global trend. Our countries share an opinion that the formation of a just and rational multi-polar world order will meet the interests of lasting peace and stability on Earth. At the same time, the multi-polar world order gives more space to development of all countries and offers them a broader chance," he said in an interview with Interfax.

"China and Russia have been closely interacting in international and regional problems and working together to promote the idea of multi-polarity for years," the minister said....

Russia Beyond The Headlines

Wang Yi: China, Russia adhere to multi-polar world order
Interfax