Forwarded from /CIG/ Telegram | Counter Intelligence Global (FRANCISCVS)
⚓️ 🌍 Ports Matter: World's Top 10 busiest ports
➡️ 2006: 4 in Europe and 6 in Asia (2 in PRC)
➡️ 2016: 0 in Europe and 10 in Asia (7 in PRC)
🌍 By 2036, some of these ports will be in Africa
🇲🇦 Morocco is one contender
📎 Prof Michael Tanchum
➡️ 2006: 4 in Europe and 6 in Asia (2 in PRC)
➡️ 2016: 0 in Europe and 10 in Asia (7 in PRC)
🌍 By 2036, some of these ports will be in Africa
🇲🇦 Morocco is one contender
📎 Prof Michael Tanchum
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Forwarded from The Paradigm Shift Channel ⏳ (Jonathan Mohan)
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🔹Indonesian 🇮🇩 Foreign Minister (FM) R. Marsudi held a trilateral meeting with Russian 🇷🇺 FM S. Lavrov and Chinese 🇨🇳 FM Wang Yi in Jakarta during a 3-day Association of South East Asian Nations (ASEAN) 🇧🇳 🇰🇭 🇮🇩 🇱🇦🇲🇾 🇲🇲 🇵🇭 🇸🇬 🇹🇭 🇻🇳 Foreign Ministers' Meeting. Indonesia (the world's 4th most populated country) discussed ways to boost trilateral cooperation for ensuring food and energy security.
🔹Russia is calling for starting consultations on the use of national currencies in mutual payments with ASEAN countries to bypass USD 💵 denominated transactions. Western sanctions against Moscow decreased trade 🚢 turnover between Russia ASEAN countries by 4.4% in 2022.
🔹Saudi Arabia🇸🇦 became the 51st country to join the growing Treaty of Amity and Cooperation (TAC) in Southeast Asia. The TAC is a peace treaty aiming to promote stability and security in the region by creating guidelines for peaceful coexistence and friendly cooperation.
🔹India's🇮🇳 FM S. Jaishankar also met with ASEAN members holding bi-lateral talks in finance, cyber and maritime domains. Russia & India's FMs' discussed bilateral relations and interaction within the SCO and BRICS. China and Russia's FM's held a bilateral meeting on supporting ASEAN playing a constructive role in the Asia-Pacific region.
🔹FM🇷🇺 Lavrov revealed that Moscow is ready to share its advanced solutions in the peaceful nuclear industry with Indonesia. Russia supports Indonesia as the holder of the ASEAN chairmanship as Moscow aims to boost ties with ASEAN.
🔹ASEAN FM's also met to discuss the crisis in Myanmar🇲🇲 , a lingering problem for the region's peace and stability. Indonesia has emphasized that the five-point consensus must continue to be the reference in handling the Myanmar crisis.
🔹Russia is calling for starting consultations on the use of national currencies in mutual payments with ASEAN countries to bypass USD 💵 denominated transactions. Western sanctions against Moscow decreased trade 🚢 turnover between Russia ASEAN countries by 4.4% in 2022.
🔹Saudi Arabia
🔹India's
🔹FM
🔹ASEAN FM's also met to discuss the crisis in Myanmar
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Forwarded from Archived.
⚡️🇹🇷🇪🇬 Allegedly, Yassin Aktay, the deputy chairman of the AK party, gave direct orders to the Egyptian "political asylum-seekers" (mostly the Muslim Brotherhood) in Turkey to cease "the blatant assaults on the Egyptian government and its figures, and to be professional and only report the news and events within the legal frameworks of Turkish law."
This comes after
1) 50 Muslim Brotherhood members were detained in Turkey and shipped to undisclosed locations
2) certain members of the Muslim Brotherhood were extradited back to Egypt - where such members face the death penalty
3) some pro-MB anchors have already moved to London and Vienna, and are calling the group to abandon Turkey and to not rely on the Turkish government anymore.
Erdogan simply wishes to normalize with Sisi, and I think the Syrian HTS are looking at this situation very closely, because very soon, just like Erdogan shook the hands of Sisi in Qatar, perhaps, Erdogan will also shake the hands of Assad.
@mediterraneanman
This comes after
1) 50 Muslim Brotherhood members were detained in Turkey and shipped to undisclosed locations
2) certain members of the Muslim Brotherhood were extradited back to Egypt - where such members face the death penalty
3) some pro-MB anchors have already moved to London and Vienna, and are calling the group to abandon Turkey and to not rely on the Turkish government anymore.
Erdogan simply wishes to normalize with Sisi, and I think the Syrian HTS are looking at this situation very closely, because very soon, just like Erdogan shook the hands of Sisi in Qatar, perhaps, Erdogan will also shake the hands of Assad.
@mediterraneanman
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May he receive the same care given to Palestinians at the Gaza checkpoint
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Forwarded from Multipolar Market
🇮🇳🇦🇪 India and UAE to ditch US dollar in trade
India and the United Arab Emirates agreed to use their respective local currencies for cross-border transactions instead of the US dollar, Bloomberg reported.
Indian Prime Minister Narendra Modi and UAE's President Sheikh Mohammed Bin Zayed Al Nahyan in Abu Dhabi have already signed two memorandums of understanding.
The pacts will help the countries build a framework for rupee-dirham transactions, along with interlinking payment and messaging systems, as well as their respective card switches, RuPay and UAESWITCH, allowing "mutual acceptance of domestic cards and processing of card transactions," the Reserve Bank of India said in a statement.
De-dollarization is in full swing!
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India and the United Arab Emirates agreed to use their respective local currencies for cross-border transactions instead of the US dollar, Bloomberg reported.
Indian Prime Minister Narendra Modi and UAE's President Sheikh Mohammed Bin Zayed Al Nahyan in Abu Dhabi have already signed two memorandums of understanding.
The pacts will help the countries build a framework for rupee-dirham transactions, along with interlinking payment and messaging systems, as well as their respective card switches, RuPay and UAESWITCH, allowing "mutual acceptance of domestic cards and processing of card transactions," the Reserve Bank of India said in a statement.
De-dollarization is in full swing!
Subscribe to Multipolar Market
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Westerners: "The demographic collapse in the West has been engineered by those in power! They made it too expensive to have children!"
Meanwhile, Burundi.
Meanwhile, Burundi.
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Forwarded from Multipolar Market
Italy plans to create mechanism for paying for local goods in rubles
The Italian-Russian Chamber of Commerce (CCIR) plans to create a system that will allow Russian firms to buy Italian goods allowed for import into Russia, Prime reported citing CCIR head Ferdinando Pelazzo.
There are currently difficulties with the exchange of goods between Italy and Russia, even for those that are not subject to sanctions, according to him.
"We want to create a system that would allow a Russian buyer to pay in rubles to us, and we from our account in a third country could then transfer this money to Italy," Pelazzo said.
He added that this would require negotiating with banks, finding a third country and establishing relations with the central bank of that state.
Pelazzo noted that the goal of the initiative is not to allow illegal transactions, but to facilitate trade in permitted categories of goods.
"There are issues left that require a couple of months. These are negotiations with banks... I think the whole process will take a few months," Pelazzo concluded.
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The Italian-Russian Chamber of Commerce (CCIR) plans to create a system that will allow Russian firms to buy Italian goods allowed for import into Russia, Prime reported citing CCIR head Ferdinando Pelazzo.
There are currently difficulties with the exchange of goods between Italy and Russia, even for those that are not subject to sanctions, according to him.
"We want to create a system that would allow a Russian buyer to pay in rubles to us, and we from our account in a third country could then transfer this money to Italy," Pelazzo said.
He added that this would require negotiating with banks, finding a third country and establishing relations with the central bank of that state.
Pelazzo noted that the goal of the initiative is not to allow illegal transactions, but to facilitate trade in permitted categories of goods.
"There are issues left that require a couple of months. These are negotiations with banks... I think the whole process will take a few months," Pelazzo concluded.
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For anyone who doesn't know, recently Malaysian PM Anwar Ibrahim had a video call with Elon Musk, and sort of spontaneously ordered 40 Starlink devices to be distributed to Malaysian universities in rural areas, to theoretically provide them with internet service. Musk is also planning on establishing a showroom for Tesla in Malaysia (not a production centre).
So, Malaysia has a company currently trying to provide satellite broadband service to rural areas, and you can expect that Starlink will blow that project out of the water. Rather than taking business from local companies and handing it over to Elon Musk, Malaysian companies should be supported, in my opinion.
So, Malaysia has a company currently trying to provide satellite broadband service to rural areas, and you can expect that Starlink will blow that project out of the water. Rather than taking business from local companies and handing it over to Elon Musk, Malaysian companies should be supported, in my opinion.
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I've been informed that somebody has been messaging members of the discussion group privately and trying to engage in chats to extract personal information. I ask that you all don't do that, but you're grown, so, just be on your guard.
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Forwarded from Multipolar Market
Europeans get poorer
Europeans are facing a new economic reality: they are becoming poorer and their purchasing power is melting away, The WSJ reported.
The French are eating less foie gras and drinking less red wine. Spaniards are stinting on olive oil. Finns are being urged to use saunas on windy days when energy is cheaper. In Germany, rising prices have caused meat and milk consumption to fall to its lowest in three decades and the once-booming organic food market to tank. Pasta, Italy's favorite staple, jumped to more than double the country's inflation rate in May.
Governments' responses only compounded the problem. To preserve jobs, unlike Americans, Europeans steered their subsidies primarily to employers, leaving consumers without a cash cushion in case of a price shock.
In the past, the continent's robust export industry might have come to the rescue. But China's sluggish recovery, a crucial market for Europe, is undermining that growth pillar. As global trade cools, Europe's heavy reliance on exports – accounting for about 50% of eurozone GDP versus 10% for the US – is becoming a weakness.
Adjusted for inflation and purchasing power, wages have declined about 3% in Germany, 3.5% in Italy and Spain, and 6% in Greece since 2019. Real wages in the US rose about 6% over the same period, according to the OECD.
Furthermore, the eurozone economy grew about 6% in dollar terms over the past 15 years, compared with 82% for the US, the IMF said. That has left the average EU country poorer per capita than all US states except Idaho and Mississippi.
Yet things could get even worse due to increased defense spending, higher borrowing costs and hence increased taxes, putting extra pressure on consumers. And that's despite taxes in Europe being already high: around 40-45% of GDP compared to 27% in the US.
If the current trend continues, by 2035 the gap between per capita economic output in the US and the EU will be as large as that between Japan and Ecuador today.
Europe is lost
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Europeans are facing a new economic reality: they are becoming poorer and their purchasing power is melting away, The WSJ reported.
The French are eating less foie gras and drinking less red wine. Spaniards are stinting on olive oil. Finns are being urged to use saunas on windy days when energy is cheaper. In Germany, rising prices have caused meat and milk consumption to fall to its lowest in three decades and the once-booming organic food market to tank. Pasta, Italy's favorite staple, jumped to more than double the country's inflation rate in May.
Governments' responses only compounded the problem. To preserve jobs, unlike Americans, Europeans steered their subsidies primarily to employers, leaving consumers without a cash cushion in case of a price shock.
In the past, the continent's robust export industry might have come to the rescue. But China's sluggish recovery, a crucial market for Europe, is undermining that growth pillar. As global trade cools, Europe's heavy reliance on exports – accounting for about 50% of eurozone GDP versus 10% for the US – is becoming a weakness.
Adjusted for inflation and purchasing power, wages have declined about 3% in Germany, 3.5% in Italy and Spain, and 6% in Greece since 2019. Real wages in the US rose about 6% over the same period, according to the OECD.
Furthermore, the eurozone economy grew about 6% in dollar terms over the past 15 years, compared with 82% for the US, the IMF said. That has left the average EU country poorer per capita than all US states except Idaho and Mississippi.
Yet things could get even worse due to increased defense spending, higher borrowing costs and hence increased taxes, putting extra pressure on consumers. And that's despite taxes in Europe being already high: around 40-45% of GDP compared to 27% in the US.
If the current trend continues, by 2035 the gap between per capita economic output in the US and the EU will be as large as that between Japan and Ecuador today.
Europe is lost
Subscribe to Multipolar Market
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Forwarded from GALLIA DAILY | Voice of France
👉🏻 The French Minister for Public Accounts announced last week that the government would "gradually" phase out the electricity price shield introduced in 2021 to combat inflation. Today, the French TV channel CNews exposed how will that decision take shape.
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Forwarded from Laura Ru (Laura Ru)
The US economy is nearly twice the size of the Eurozone today. They were similar in 2004. In case someone hasn't realized it yet, for a long time the EU political elites have been batting for the US team. Their support for Ukraine, sanctions on Russia and "de-risking" from China are ensuring that the EU economic prospects will further deteriorate. @LauraRuHK
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Forwarded from /SCI/ Southern Cross Intelligence -
🇦🇷 💡 ⛽
Argentine energy imports collapse and give dollar relief.
Argentina is close to a zero deficit in energy: it cut its energy trade deficit by 84.4% between January and May compared to the same period last year, largely due to the growth in production in the Vaca Muerta oilfields as well as completion of more gas distribution pipelines.
Full energy self sufficiency is expected to be reached within the third quarter of the year, and while there already have been energy exports, they are expected to have a massive increase on the 4th quarter of 2023 and 1st quarter of 2024 particularly to Europe.
It's not all bad news for Argentina.
Argentine energy imports collapse and give dollar relief.
Argentina is close to a zero deficit in energy: it cut its energy trade deficit by 84.4% between January and May compared to the same period last year, largely due to the growth in production in the Vaca Muerta oilfields as well as completion of more gas distribution pipelines.
Full energy self sufficiency is expected to be reached within the third quarter of the year, and while there already have been energy exports, they are expected to have a massive increase on the 4th quarter of 2023 and 1st quarter of 2024 particularly to Europe.
It's not all bad news for Argentina.
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