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Finance, power, integration: The SCO welcomes a new 'Global Globe'

Discussions at the recent SCO Summit in New Delhi now point to the inevitable: The merging of new multipolar organizations and their collective reorganization of global finance.
Global South
© The Cradle
The 23rd summit of the heads of state of the Shanghai Cooperation Organization (SCO), held virtually in New Delhi, represented History in the making: three BRICS (Russia, India, China), plus Pakistan and four Central Asian "stans" (Kazakhstan, Kyrgyzstan, Uzbekistan, and Tajikistan), finally and formally, welcomed the Islamic Republic of Iran as a permanent member.

And next year will be Belarus' turn, as confirmed by India's First Deputy Foreign Minister Vinay Kvatra. Belarus and Mongolia took part in the 2023 summit as observers, and fiercely independent Turkmenistan, as a guest.

After years of US "maximum pressure," Tehran may now finally get rid of the sanctions dementia and solidify its leading role in the ongoing process of Eurasia integration.

Arguably the star of the show in New Delhi was Belarusian President Alexander Lukashenko, who has led his country since 1994.

Old Man Luka, unbeatable in the headline-stealing department, especially after his mediator role in the Prighozin saga, may have coined the definitive slogan of multipolarity. Forget the western-termed "golden billion" which in fact barely reaches 100 million; embrace now the "Global Globe" - with a firm focus on the Global South.

As the clincher, Lukashenko proposed total integration of the SCO and BRICS - which in their upcoming summit in South Africa will be heading the BRICS+ way. And it goes without saying, this integration also applies to the Eurasia Economic Union (EAEU).

The next step for the "Global Globe" - what the collective west dismissively qualifies as "the rest" - is to work on the complex coordination of several development banks and then the process to issue bonds linked to a new trading currency.

The main ideas and the basic template already exist. The new bonds will be a real safe heaven compared to the US dollar and US Treasuries, and will imply accelerated de-dollarization. Capital used to purchase those bonds should be used to finance trade and sustainable development, in what will be a certified, Chinese-style "win-win."

Eye 1

Best of the Web: Behavioral Engineering: Britain drilled to accept lockdowns in future, says 'nudge unit' chief

masks london lockdown
© AFPMajor disasters leave an 'enduring trace on society', Prof Halpern said. Exclusive: Professor David Halpern predicts the population would comply with another lockdown because they 'know what the drill is'.
Britain has been drilled to comply with lockdown under a future pandemic, the chief executive of the 'nudge unit' has said.

Professor David Halpern told The Telegraph that the country had "practised the drill" of wearing face masks and working from home and "could redo it" in a future crisis.

Last Tuesday, Matt Hancock told the public inquiry that Britain must be ready to combat future disease outbreaks with wider, earlier and more stringent lockdowns.

Bullseye

France's rioters using Western weapons given to Ukraine - Russia's Foreign Ministry

Maria Zakharova
According to Russian Foreign Ministry Spokesperson Maria Zakharova on Thursday, French protesters are utilizing Western weapons originally delivered to Kiev.

Zakharova explained to reporters that "weapons delivered to Kiev [by the West, NATO, and France] end up in the hands of protesters and are used against police in France."


Comment: Back in October 2022, a mainstream news outlet in Finland warned that this was happening: Finnish gangs smuggling western weapons from Ukraine to Sweden, Denmark, the Netherlands, reports Finland's largest media outlet Yle


The violent protests that shook France over the murder of a teenager at the hands of the police at a traffic stop, sweeping across the country and even spilling over to neighboring countries such as Switzerland, are now stoking concerns in Germany amid fears of the protests spreading over to the country.

Comment: Meanwhile France's police are using deadly weapons of their own against rioters and protesters: Prosecutors in France investigate man's death by police 'flash-ball projectile' used during Marseille riots


Nebula

Sweden's right-wing government abandons green energy agenda, passes bill to build nuclear power plants

nuclear power plant sweden
© REUTERS/Scanpix/Mikael Fritzon/File PhotoA general view of nuclear power plant in Oskarshamn, Sweden, May 22, 2008.
Sweden's parliament on Tuesday adopted a new energy target, giving the right-wing government the green light to push forward with plans to build new nuclear plants in a country that voted 40 years ago to phase out atomic power.

Changing the target to "100% fossil-free" electricity, from "100% renewable" is key to the government's plan to meet an expected doubling of electricity demand to around 300 TwH by 2040 and reach net zero emissions by 2045.

"This creates the conditions for nuclear power," Finance Minister Elisabeth Svantesson said in parliament. "We need more electricity production, we need clean electricity and we need a stable energy system."


Comment: Her comments highlight how the plans of other Western government's are creating an unstable, dangerously inefficient and insufficient, energy system.


Comment: See also:


Eye 1

Federal Judge rules Biden Admin acted like "Orwellian Ministry of Truth" using big tech to censor Americans

white house matrix
© Getty Images / traffic_analyzer
"The evidence produced thus far depicts an almost dystopian scenario"

A federal judge ruled Tuesday that the Biden administration acted like an "Orwellian Ministry Of Truth" by working in conjunction with big tech platforms to censor opinions it didn't like during the Covid pandemic.

US District Judge Terry Doughty of Louisiana noted that the administration most likely violated the First Amendment as Republican attorneys general from Missouri and Louisiana "produced evidence of a massive effort by Defendants, from the White House to federal agencies, to suppress speech based on its content."

Comment: This seems like a pretty serious win for freedom of speech! The exceptions are a bit concerning, however. We've seen how the establishment can spin almost anything to become a "national security threat".

See also:


War Whore

Israeli airstrikes pound Gaza

gaza city explosion
© AP / Adel HanaSmoke and fire rise from an explosion caused by an Israeli airstrike on Gaza City early Wednesday, July 5, 2023.
The bombardment came in response to several rockets fired from the Palestinian enclave.

Israel has carried out airstrikes on several alleged Hamas military sites in Gaza, claiming they are a response to rockets fired from the area early on Wednesday morning.

"Fighter jets recently attacked an underground site for the production of weapons that is used by the chemistry department of the terrorist organization Hamas and a site for the production of raw materials for the organization's rockets," the IDF said in a tweet at around 5:30 am local time.

Comment: See also:


Stop

Macron mulls social media shutdowns to contain civil disorder

Emmanuel Macron
© LUDOVIC MARIN/EPAFrance's President Emmanuel Macron addresses mayors of cities affected by violent clashes.
French President Emmanuel Macron, struggling to contain another bout of violent protests across the country, met with mayors on Tuesday (4 July) and reportedly suggested the idea of regulating or limiting access to social media, depending on the severity of threats, including riots.

Following the police murder of Nahel M. on 27 June, widespread riots have swept across France, resulting in up to €1 billion in damage, with many of the clashes coordinated via social media sites like Snapchat, TikTok or Instagram.

According to BMFTV, Macron said on Tuesday that "when things go out of hand, maybe one may have to regulate or cut access [to social media]."

Rumours had it that the French government was considering cutting access to the internet. Yet the Interior Ministry called it "fake news" in a tweet on Sunday.

AFP said the same on Tuesday, repeating that it was fake news and explaining "it is technically unfeasible and illegal in France".

Comment: See also:


Stock Down

West's debt addiction could trigger new global financial crisis - Putin

Putin
© Sputnik / Aleksandr KazakovRussian President Vladimir Putin attends a Shanghai Cooperation Organisation (SCO) virtual meeting via a video conference at the Kremlin in Moscow
The uncontrolled accumulation of debt by Western countries is increasing the risk of a new global financial crisis, Russian President Vladimir Putin warned on Tuesday.

Addressing a virtual summit of the Shanghai Cooperation Organization (SCO) via videolink from Moscow, the Russian leader cited global threats that could increase "conflict potential" in the near future.

"The risks of a new global economic and financial crisis are rising against the background of the uncontrolled accumulation of debt in developed countries, social stratification and growing poverty around the world, and deteriorating food and environmental security," Putin stated.

Clipboard

'Totally indefensible': Biden nominates death squad backer Elliott Abrams to diplomacy panel

Abrams
© Erin Schaff/Pool/AFP/Getty ImagesElliot Abrams
"Elliott Abrams, enemy of human rights, apologist for mass murder, should have no place within spitting distance of any Democratic administration in any capacity."

-Slate journalist Alex Sammon
President Joe Biden on Monday quietly nominated Elliott Abrams to serve on a bipartisan diplomacy commission, a move that human rights advocates condemned as outrageous given the longtime Republican official's past as a defender of Latin American death squads and cheerleader for murderous U.S. foreign policy interventions.

"A totally indefensible decision from Biden," MSNBC's Mehdi Hasan wrote on Twitter, pointing to Abrams' guilty plea stemming from the Reagan-era Iran-Contra scandal and his broader record in Latin America.

Most recently, Abrams served as the Trump administration's special envoy to Iran and Venezuela. During a 2019 House Foreign Affairs Committee hearing, Rep. Ilhan Omar (D-Minn.) grilled Abrams on his role in the Reagan administration's policy in El Salvador, whose U.S.-backed military carried out the largest massacre in modern Latin American history in 1981 in and around the village of El Mozote.


Comment: There are few slimier than Abrams.


Alarm Clock

Scott Ritter: Biden's 3AM moment in Ukraine

phones
© electrospaces.netUS President Biden's Oval Office phones
In June, Biden was confronted with the ultimate "3 a.m. phone call" moment. He could have made a call which would have helped reduce the threat of a nuclear crisis or worse.

During the 2008 Democratic primary, Hillary Clinton ran an ad which sought to diminish her rival for the Democratic presidential nomination, Barack Obama, in the eyes of the voters.

Building upon Obama's lack of experience in national security affairs, and what the potential cost would be should Obama falter at a critical moment, Clinton's ad sought to make the question personal, setting a scene that could be any home in suburban America at night.

"It's 3 a.m. and your children are safe and asleep, but there's a phone in the White House and it's ringing. Somethings happening in the world." The listener was then challenged to decide who was best to answer the call, concluding that the best choice would be someone already "tested and ready to lead in a dangerous world."

It's 3 a.m., the narrator asks, "Who do you want answering the phone?"


The voters chose Obama over Clinton.