Keyword: bricsisajoke
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Beijing's empire isn't built on factories, AI labs, or rare earths. It's built on a single nation the West spent two decades dismissing — Iran. And the day Tehran's regime falls, the entire architecture China assembled over thirty years folds inward like wet cardboard. In this deep dive, we expose the hidden financial, energy, and geographic dependencies binding Beijing to Tehran — from the secret yuan-settled oil deals and the petroyuan experiment, to the Belt and Road's only viable land corridor, to the $9–12 billion annual "shadow fleet" subsidy quietly underwriting Chinese export manufacturing. We examine why China cannot quietly...
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The shock announcement Tuesday comes after the UAE was the target of missile and drone attacks for weeks by fellow OPEC member Iran. Tehran’s attacks on shipping in the Strait of Hormuz has also severely constrained the UAE’s ability to export oil, threatening the foundation of its economy. The UAE has played an influential role in OPEC’s decisions over nearly six decades. It was the group’s third-largest oil producer in February behind Saudi Arabia and Iraq. The UAE’s OPEC membership originated with the Emirate of Abu Dhabi in 1967, seven years after the organization was founded. The UAE came to...
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The United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership. The UAE said its decision would help it meet growing global energy demand in the long term after recent investments to boost its production capacity. It is seen as a blow to the cartel, with one analyst describing the exit as "the beginning of the end of Opec". The Gulf state's energy minister said being a country with no obligation under the groups would give it more flexibility. Opec was formed in 1960 by five...
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The United Arab Emirates announced Tuesday that it will exit OPEC on May 1. “This decision follows a comprehensive review of the UAE’s production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market’s pressing needs,” the UAE energy ministry said in a statement.
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As media hype falters and globalists posture, Trump’s campaign to secure the world’s chokepoints reshapes power—and leaves Iran and its allies with little leverage left. Possibly the most amusing fake news item Saturday morning came from The New York Times. Under the rubric “Iran War Live Updates,” a headline screamed, “Iran’s Military Says It Has Reimposed ‘Strict Control’ of Strait of Hormuz.” To which an inquiring mind wants to know, “What Iran military?” It’s gone, Kemo Sabe. The floating bits are at the bottom of the sea. The terrestrial bits have been crushed, blasted, pulverized, or incinerated. Ditto most of...
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Huawei, China’s answer to Nvidia, is rapidly expanding its AI technology into other countries and signaling a rapid acceleration in the global AI race. It’s a move AI experts predicted would not occur. Singapore, Thailand, Indonesia, Brazil, Mexico, Saudi Arabia, the UAE, South Africa, and Turkey will now be able to build on Huawei’s Model-as-a-Service (MaaS) platform, which includes AI models like DeepSeek. Much like individual consumers who become dependent on Apple’s ecosystem, companies that build on Huawei’s models and cloud infrastructure risk becoming deeply tied to that platform. At scale, this creates a ripple effect — as companies that...
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I’m reluctant to post a video as the average Freeper will respond with an angry, “I don’t watch videos!!!” Sometimes with an excess amount of exclamation points. More than three indicates you’re on the verge of smashing your head into the keyboard until it bleeds. This video is the most in-depth explanation of the world economic system, dollar hegemony and why we can’t reduce the deficit and why that won’t hurt the value of the dollar. It discusses the impact of American debt on the hollowing of industrial capacity and the impact on wages and lifestyle. We really can’t discuss...
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Is the Chinese economy collapsing? Or is something worse waiting in the wings?The short answer is that we could be looking at something much worse than a crashing economy. China could be part of a collapse of the global monetary system.We’ll begin the analysis with the latest official economic releases from China. These releases showed some of the weakest performance by the Chinese economy since the 2020 pandemic collapse.Things Aren’t Looking GoodIndustrial production growth for October declined to 4.9% (year-over-year) from a prior level of 6.5%. This was the weakest reading since August 2024. Some sectors receiving state support such...
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Russian Foreign Minister Sergey Lavrov on Tuesday downplayed US President Donald Trump's threat to impose 100 per cent tariffs on Russia and its trading partners, asserting that Moscow is well equipped to withstand additional sanctions. -snip- "We would like to understand what is behind this statement after about 50 days. Earlier, there were also deadlines of 24 hours and 100 days; we’ve seen it all and really would like to understand the motivation of the US president," he said. Lavrov also said the SCO countries have reiterated their commitment to Iran’s legitimate right to peaceful uses of nuclear energy. "We...
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The world needs now “to prepare for the regime [in China] to lash out without warning,” according to China expert Gordon Chang in a report at the Gatestone Institute, where he is distinguished senior fellow and a member of the organization’s advisory board. He cited “rumors” that Xi Jinping is losing control and will lose both his Communist Party and Chinese government posts in the next few months – as well as those who say “little or nothing is out of place and Xi is fine.” “Whatever the truth,” he said, now is the time when Xi may “have reason...
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US President Donald Trump’s fresh tariff threat for Russia’s allies has not gone down well with China, with the latter hitting out at America’s ‘coercion’ tactics. China has expressed strong disapproval on Tuesday regarding the United States' pressure tactics, following President Donald Trump's warning of "very severe" tariffs against Russia's remaining trade partners if the Ukraine conflict remains unresolved within 50 days. "China firmly opposes all illegal unilateral sanctions and long-arm jurisdiction. There are no winners in a tariff war, and coercion and pressure will not solve problems," Chinese foreign ministry spokesman Lin Jian has said according to an AFP...
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More news about the de-dollarization of the US Dollar and the movement away from the SWIFT system by the BRICS+ countries.
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Gunmen attacked the United States embassy building in Lebanon on Wednesday morning, according to statements from the U.S. government and the Lebanese army. “At 8:34 a.m. local time, small arms fire was reported in the vicinity of the entrance to the U.S. Embassy. Thanks to the quick reaction of the LAF [Lebanon Armed Forces], ISF [Israel Security Forces], and our Embassy security team, our facility and our team are safe. Investigations are underway and we are in close contact with host country law enforcement,” the embassy said in a statement on X. At 8:34 a.m. local time, small arms fire...
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NEW YORK – The US banking system is broken. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support. But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between the dollar and gold, is coming to an end. The pain will be transferred from the banks to the real economy, which will starve for credit. And the geopolitical consequences will be enormous. The seize-up of dollar credit will accelerate the shift to a multipolar reserve system, with advantage...
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