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John V. Walsh – China Closes the Innovation Gap

The headline reads, “The Rapid Rise of a Research Nation: China’s economic boom is mirrored by its similarly meteoric rise in high quality science.” This was not a headline in People’s Daily or China Daily but in the most prestigious of Western scientific publications, Nature. The 38 pages, which follow that headline in a special Supplement to the journal Nature, tell us that China is now second …

The US Dollar and Bretton Woods are Finished: The BRICS/SCO Summits in Ufa Mark the Start of a “Silk World Order” By Mahdi Darius Nazemroaya

Get ready for ground shattering geopolitical changes. At the crossroads of Asia and Europe, it has been decided that the Russian city of Ufa will be the point of convergence for all the initiatives and projects of the Silk World Order of trade and integration that China and Russia are spearheading. Ufa, which is the capital of Russia’s Bashkortostan, is …

BRICS

BRICS and the Fiction of “De-Dollarization”

The financial media as well as segments of the alternative media are pointing to a possible weakening of the US dollar as a global trading currency resulting from the BRICS (Brazil, Russia, India, China, South Africa) initiative.   One of the central arguments in this debate on competing World currencies hinges on the BRICS initiative to create a development bank …