USA GOVERNMENT BETTER WAKE UP AND MAKE PROGRESS FOR ALL AMERICANS OR CHINA-RUSSIA WILL RULE AND DOMINATE AS THEY GROW THEIR CONSUMMERS AND THEIR RELATIONSHIP
“China – Russia Eurasian Trade Bloc Undermines Obama’s ‘Neocon Agenda'” by Prof. Michael Hudson
$400 Billion for a 40 year oil-gas deal = Between China and Russia = BYPASS LONDON-WALL STREET-SAUDI ARABIAN PETRODOLLAR
USA-KIEV = BRINGS DOWN MH17 TO THEN FAKE = Sanctions on Russia THAT DESTROYS EUROPEAN ECONOMY TO PUNISH RUSSIA RELATED TO USA COUP IN UKRAINE – REMEMBER VICTORIA NULAND’S SELECTION IN SECRET LEAKED CONVERSATION.
Russia has responded with sanctions against a number of countries = Total ban on food imports from EU + USA + Canada + Australia = MAJOR IMPACTS
Michael Hudson = Distinguished research professor of economics at the University of Missouri-Kansas City
SHARMINI PERIES, EXEC. PRODUCER, TRNN: So, Michael, what’s going on this week in Beijing?
MICHAEL HUDSON, PROF. ECONOMICS, UMKC: The China-Russia-Iran APEC meetings = USA is the odd man out
FACT: Meetings for last few years of G20 = Nothing is done
HUDSON: APEC VERSUS G20 = Two entirely different views of how economies should evolve. CHINA is forming its own trading BLOC including a MIXED-ECONOMY and a new TRADE CURRENCY ignoring USA PRIVATIZED CORPORATE BANKING FRAUD and the PETRODOLLAR.
China’s Economy = Growing very rapidly
American Economy = Great for criminals BUT FLAT FOR 99% of Americans.
FACT: China and USA = NO COMMON GOAL but make it appear to be in harmony on Global Warming.
HUDSON: G20 = Obama talking mainly to his American base, and to GOP in particular to get Trans-Pacific Partnership (TPP) through Congress.
HUDSON: Obama TPP vision = Abolish government regulation of the environment + Abolish GOV regulation of banking + Nullify Dodd-Frank Act
HUDSON: Obama TPP = If a bank misbehaves = GOV can’t require higher reserve requirements and NO PUNISHMENT including NO PROSECUTIONS
HUDSON: Obama TPP = GOVS have to pay the private bank as if it weren’t regulated.
HUDSON: Obama TPP = GOVS cannot imposes environmental fines for polluting the environment = Instead GOVS will have to pay the company whatever the fines would be.
HUDSON: USA MSM = Big News = China agreed to lower its air pollution in 40 yrears = But China has to do that anyway as CHINESE DEMONSTRATORS IN THE MILLIONS INSIST ON CLEANING UP THE AIR AND WATER. = Beijing is MOST polluted city in WORLD.
HUDSON: USA MSM IGNORES REAL NEWS = Russia-China announced a $400 billion 40-year gas deal increasing Russian gas-oil exports to help China scale back NUMBER of coal plants and REMOVE coal smoke in the air.
HUDSON: Obama says USA = Will cut back carbon emissions while USA is Pushing XL Pipeline for DIRTIEST OIL IN WORLD FROM TAR SANDS IN CANADA ALL THE WAY ACROSS USA to NEW ORLEANS and then SHIPPED TO EU AND CHINA. ZERO SUPPLY FOR USA + MAXIMIZES LOOTING BY KOCH + EXXON. = TAR SANDS = Most high polluting activity on the planet.
HUDSON: OBAMA TPP = Banking changes ARE HORRENDOUS REMOVING ALL GOV CONTROLS.
PERIES: CHINA = Signs an pollution reduction accord with USA + China Made deal with Russia for MASSIVE oil-fossil fuel that increase emissions?
FACT: Every economy needs oil to some extent for production and transportation. Every country’s GDP goes up in keeping with its energy consumption. Rising productivity for the last hundred years (Industrial Revolution) has been increased by energy use. Energy pushs growth.
HUDSON: China needs oil for many things that gas simply won’t work for — As Chinese people get richer they replace bikes with cars so China’s going to be dependent on oil from Russia.
HUDSON: Mr. Putin said = China oil-gas deal increases Russia’s trade by 25% to 40% of Russia’s GDP.
HUDSON: China-Russia deal leaves EU out in the cold – perhaps buyi g TAR SANDS from Canada-USA.
FACT: China and Russia ARE COMING TOGETHER = OPPOSITE OF USA foreign policy since 1980s.
HUDSON: It is ironic USA thought by putting SANCTIONS Pressure on Russia following the NATO TOPPLING of Ukraine it would STOP RUSSIA COLD = BUT FACT is what actually happened is Russia and China are now closer together.
HUDSON: CHINA-RUSSIA #1 Most important coming together = Setting up its own bank clearing house system independent of WEST’S so-called SWIFT system for transferring funds from one bank to another WITHOUT using PETRODOLLARS = A EURASIAN CURRENCY.
HUDSON: USA COLD WARRIORS WANT TO BREAK UP RUSSIA-CHINA-IRAN = Interrupt their financial and banking services to disorient their economies.
FACT: Russia + China + Iran + Presumably other Asian Nations = Establish their own currency clearing systems = Divorced from the SWIFT system and Petrodollar = Instead doing trading and investments in rubles and yuan
HUDSON: China has rejected the dollar standard and USA foreign policy behind it. + China has doubled its military spending since 2009.
HUDSON: President of China politely said, let’s make sure there’s not an accidental bang up in the air or on sea. What he means is, “We’ve defined our airspace over the islands that we’re claiming as ours, so if one of your planes comes too close to ours and we bump into it and knock it down, please don’t take this as an attack on America. We don’t really mean it personally.”
FACT: China = Is really throwing its economic and now military weight around.
HUDSON: Obama looks so uncomfortable at these meetings because he knows that he hasn’t gotten anything he wants.
FACT: Asian countries are not about to join the Trans-Pacific Partnership (TPP)
HUDSON: Next few days EU will be left out as USA-NATO sanctions imposed on Russia have led to Russian counter-sanctions against French and Baltic and European exports. French farmers are already demonstrating, and Marine Le Pen’s nationalists are likely to win the next election. The Baltic States are also screaming from losing their farm exports.
FACT: France, Latvia, and even Germany saw Russia as a growing market the last few years. USA/NATO Sanctions destroyed that as EU leaders obeyed USA demands not to deal with the Russian market. = EU economic stagnation.
HUDSON: USA Sanctions isolating Russia economically = CATALYST needed to DRIVE RUSSIA and CHINA into each others ARMS for 30 years.
FACT: CHINA is integrating with the Russian economy and Kazakhstan and Iran.
HUDSON: Russia is going to build at least two atomic reactors in Iran as the center of global investment is shifting to Asia, leaving behind USA and EU.
HUDSON: G20 Brisbane EU told USA to stop the USA sanctions. USA only has military pressure, while Russia and China have economic growth and NEW GROWING WEALTH of their CONSUMERS — While USA and EU CHOCK THEIR CONSUMERS WITH AUSTERITY AND FLAT OR NEGATIVE INCOME DECLINES.
HUDSON: Investment opportunities are opening up in Eurasia-China-Russia. Despite the agreement on high-technology trade between USA and China, the USA is basically being left out. = Obama is looking out of sorts as the strategy he was given by his neocons is backfiring.
PERIES: Michael, how will Congress and a Republican-controlled Senate now deal with this?
HUDSON: Obama wanted the Republicans in Congress since the a TPP deal with the Democrats was impossible. Republicans are like him = 100% Pro-corporate, anti-labor TPP. Obama is a Republican in the same spirit as Cheney and GW Bush.
HUDSON: The noises from Harry Reid and the Democratic leadership are blaming Obama for mishandling the economy so badly and losing them the election – when DEMS under Steve Israel supported Republican-striped Democratic Blue Dog candidates.
HUDSON: To paraphrase Obama, “I’m a Republican and I’m supporting Wall Street” = ROBERT RUBIN-CLINTON-AIPAC-WALL STREET-MIC DEMOCRAT
HUDSON: Republicans LOVE OBAMA pushing for the TPP CORPORATE giveaways lobbyists WROTE into the Trans-Pacific Partnership. = Lori Wallach outlined it perfectly on The Real News Network.
HUDSON: Expect Obama to move even more sharply to the right and GOP while Democrats pretend to scream in agony and say, “My God, what have we ever done with bringing this guy in?” – while supporting Hillary = EVEN MORE AIPAC-WALL STREET OWNED!