IMF Director, Christine Lagarde casually comments, "Which might very well mean, that is we have this conversation in 10 years time,,, we might not be sitting in Washington, D.C. We'll do it in our Beijing head office."
Since it was constituted in 1945, the IMF has always been located in the largest economy, the US. China may soon be the IMF member with the largest economy. Unless the rules change, the IMF will move offices to China, when that becomes official. Adding the Yuan/Renmenbi to the SDR, the IMF's basket-o-currency, was an important step in that direction. What will the global trading-currency regime be in 10 years?
Nouri al-Maliki, currently Vice President of Iraq, and previously Prime Minister, is in Moscow, with a parliamentary contingent, probably meeting with President Putin now.
The war against ISIS, "terrorism" does not respect national borders in the sand. Russia sure is helping in Syria, and Iraq just signed up to buy a lot of tough Russian tanks. It seems that Russia may be a preferable long term partner for Iraq. Iraqis long for stability, and the supports of a coherent state social-welfare program. They used to have a very good one. Thanks Tom.
"There is Only One Empire, Finance" points out Charles Hugh Smith.
Here is the Catch-22: To be a global hegemon, with your currency as reserve currency, you have to export your debt-based currency and other government debt quite massively. To be the boss, you have to owe everything you have to global financial "markets". The biggest two economies in this game are the US and China. Japan is #3, followed by Germany, the UK and France. China and Japan have massively increased debt lately. Their currencies and bonds must be reorganized some time. The next crisis will suffice. What will those reorganizations be? I don't know, but these ancient societies are known for looking far ahead.
The other side of this coin is that to have a secure national economy, you have to largely withdraw from the global debt bubble empire. That is hard on a country, as sanctions against Iran and Russia have shown in recent years, at first, but less as time goes by... Hell, these economies are quite small by comparison to the giant debt-bubble economies. I wonder what things will look like after the global debt-bubble pops. Will we still have the Empire of Finance? (Hey, what if Bitcoin becomes the global reserve/trade currency? How would that work out? Where would Triffin's Paradox go to die?)
Wow, this is weird. It's like if you owe the bank more than you make, you have.. a problem, but if you owe the bank more than the bank makes, the bank has the problem:
U.S. monetary policy is not made in Washington, it’s made in Beijing,” said Joachim Fels, global economic advisor at bond giant PIMCO. “China does have a major impact on monetary policies elsewhere … This year has been smooth sailing for global central banks because there were no shockwaves from China but I expect that to change if we think beyond the next few months.”
“I understand that the US supports much more groups than just the ones, which were announced as being left without the American weapons.” Lavrov also warned against any thoughts of establishing permanent U.S. bases in Syria.
“Senator McCain looks forward to returning to the United States Senate tomorrow to continue working on important legislation, including health care reform, the National Defense Authorization Act, and new sanctions on Russia, Iran and North Korea," his office said in a statement.
The number of neurons in a human brain, and the number of galaxies in the universe are about the same, and appear to be arranged similarly. Is this scale-invariant-organization? Does this reflect universal mind? Is it artifactual?
We—an astrophysicist and a neuroscientist—joined forces to quantitatively compare the complexity of galaxy networks and neuronal networks. The first results from our comparison are truly surprising: Not only are the complexities of the brain and cosmic web actually similar, but so are their structures. The universe may be self-similar across scales that differ in size by a factor of a billion billion billion.