The financial system is not the only thing failing, so too is the hegemonic world order. The American ideology of consumer culture is collapsing.
While the global economic crisis is accelerating, Chinese statesmen are rubbing their hands: now is the right time to part with the U.S. dollar and make yuan a global reserve currency.
U.S. Secretary of Defense Robert Gates has destroyed by one word the long-term efforts of western propaganda to assure (and particularly to deceive) Russia that extension of NATO up to its borders does not threat its military security.
.... and like a beheaded corpse, still stumbling around, it has yet to come to that realization that should be obvious to anyone.
Four weeks prior to the presidential election in the United States, the chances of Barack Obama becoming the next master of the White House seem even more substantial. The black senators potential victory will create a new situation, to which Moscow will have to react. And it doesnt matter what approach the [Read more]