Biden calls for 'new world order'
Envisions 'updated' global rules, prosperous China, level playing field
Published: 1 hour ago
At
a banking conference on Friday, Vice President Joe Biden called for the
creation of a “new world order” with new financial institutions,
updated global rules, a level playing field, and a prosperous China.
His
comments seem to refer to the president’s so-called pivot-toward-Asia –
a professed strategy of putting a greater focus on the Asia region.
His statements come as the U.S. increased its deployments in the Pacific, purportedly in response to threats from North Korea.
Those
military moves prompted much speculation in the news media that some of
the White House response to North Korea may be related to the larger
pivot to Asia that has been a major Obama administration policy goal.
Biden’s
remarks also come one week after China, Russia and other powers
announced the creation of a new economic order that would rival the
Western-dominated World Bank and International Monetary Fund.
Delivering
the keynote address at the Export-Import Bank Conference in Washington,
D.C. on Friday, Biden stated “the affirmative task we have now is to
create a new world order.”
He continued: “Because the global
order is changing again, and the institutions of the world worked so
well in the post-World War II era for decades, they need to be
strengthened, and some need to be changed.”
“So we have to do
what we do best, we have to lead,” he stated. “We have to update the
global rules of the road, we have to do it in a way that maximizes
benefits for everyone, because obviously, it’s overwhelmingly in our
interests. This is not a zero sum game, it’s overwhelming our interest,
that China prosper, that Mongolia prosper, that nations big and large,
East and West (prosper). We have to level the playing field so that
companies and workers can compete in the world, that the competition is
fair and it’s healthy.”
On Friday, WND published an article
asking whether the Obama administration’s military build-up in the
Pacific is part of the president’s so-called pivot-toward-Asia strategy,
a move that could demonstrate the biggest shift in world power since
World War II?
It is difficult for most seasoned observers to
explain why Obama is suddenly responding to North Korean aggression when
the White House did little in 2008 when North Korea refused to allow
United Nations inspectors into its nuclear plants.
The Obama
administration also took little action when North Korea in 2009 carried
out at least two nuclear tests, one of which is believed to have been
the cause of a magnitude 4.7 seismic event.
The White House did
not allow the U.S. military any significant response when in 2010 North
Korea torpedoed a South Korean navy ship, killing 46 sailors. North
Korea then shelled a South Korean island with little U.S. reaction.
Now,
purportedly in response to aggressive action by North Korea’s new
leader, the White House is sending to Singapore a new class of warship
designed to fight in coastal waters.
The Pentagon also announced
that it will deploy a missile defense system to the U.S. Pacific
territory of Guam to strengthen regional protection against a possible
attack. This after the Obama administration largely canceled a similar
defense system intended for Europe.
U.S. warplanes, including
fighter jets, U-2 spy planes and an A-10 attack jet, were seen flying in
South Korea yesterday as part of a massive joint military exercise.
The
U.S. says it stands “poised to respond” at the border of North and
South Korea, where American troops are on high alert amid possible
further Pentagon build-up in the region.
U.S. military ‘rebalance’
Why is the U.S. now responding to North Korea?
Time
magazine says the “U.S. pivot toward Asia – and the potential for
confrontation with China – became a little more real this week with the
arrival of a new class of warship designed to fight in coastal waters.”
That
pivot has been declared by the Obama administration itself – a
professed strategy of putting a greater focus on the Asia region.
Earlier
this week, Defense Secretary Chuck Hagel “made clear the U.S. and the
Department of Defense remain committed to the rebalance towards the
Asia-Pacific region,” Pentagon spokesman George Little said after a
meeting between Hagel and Singapore Prime Minister Lee Hsien Loong.
Hagel
told Loong that “in the future there will be even more opportunities
for closer collaboration between the U.S. and Singapore,” Little said.
‘New economic world order’
The
U.S. military shift comes as the so-called BRICS countries – Brazil,
Russia, India, China and South Africa – seek to create a monetary system
to rival and even surpass the West.
While it received little
U.S. media attention, last week at its fifth annual summit the BRICS
group unveiled what it said was a new development bank aimed at breaking
the monopoly held by Western-backed institutions.
The bank would
use $50 billion of seed capital shared equally between Brazil, Russia,
India, China and South Africa but would clearly be dominated by China.
Russian
President Vladimir Putin gave support for the bank while India’s trade
minister said BRICS will “have a defining influence on the global order
of this century.”
“It’s done,” said South African Finance
Minister Pravin Gordhan last Tuesday, adding “we made very good
progress” on the formation of a World Bank-analogue development agency.
Iran’s
Press TV described the deal this way: “The BRICS bank will present an
alternative solution to the Western-dominated global banking system
comprised of the Bretton Woods institutions – the World Bank (WB) and
International Monetary Fund (IMF).
“The new bank will provide a
collective foreign exchange reserve and a fund for financing
developmental projects in order to address the needs of emerging and
poor economies.”
Press TV reported, “BRICS members say the
current global balance of power is unworkable, with institutions such as
the WB, the IMF and the United Nations Security Council irrelevant in
addressing matters concerning global economics.”
Under the deal,
the two largest economies of the emerging power groups, China and
Brazil, agreed to remove nearly half of their trade exchanges out of the
U.S. dollar zone – a significant blow to the U.S. dollar.
Some in the U.S. are skeptical the BRICS moves will actually work.
Joseph
S. Nye, a professor at Harvard University, wrote in the Australian
newspaper: “Tellingly, the meeting in Durban failed to produce any
details of the structure of the proposed new development bank,
suggesting that little progress had been made in the year since the
BRICS’ last meeting in New Delhi, where the plan was announced.”
Continued
Nye: “In fact, despite a commitment to launch “formal negotiations” to
establish the bank, disagreements about the size and shares of the
bank’s capital have not been resolved.”
The New American took the
other side, arguing the BRICS bank is a step closer toward a world
government: “Aside from a planetary fiat currency and central bank, the
erection of a true world government was at the heart of BRICS regimes’
machinations outlined in their final agreement.”
The publication
pointed out the BRICS declaration at the end of last week’s summit
included, “We reiterate our strong commitment to the United Nations
(U.N.) as the foremost multilateral forum entrusted with bringing about
hope, peace, order and sustainable development to the world.”
The
BRICS statement added, “[W]e reaffirmed our commitment to the promotion
of international law, multilateralism and the central role of the
United Nations.”
BRICS clearly sees a reshaped economic world in which government-run companies play a significant role.
“We
acknowledge the important role that State Owned Companies (SOCs) play
in the economy and encourage our SOCs to explore ways of cooperation,
exchange of information and best practices,” the declaration states.
“As
the global economy is being reshaped, we are committed to exploring new
models and approaches towards more equitable development and inclusive
global growth.”
With additional research by Joshua Klein.
http://www.wnd.com/2013/04/biden-calls-for-new-world-order/
Envisions 'updated' global rules, prosperous China, level playing field
Published: 1 hour ago
At
a banking conference on Friday, Vice President Joe Biden called for the
creation of a “new world order” with new financial institutions,
updated global rules, a level playing field, and a prosperous China.
His
comments seem to refer to the president’s so-called pivot-toward-Asia –
a professed strategy of putting a greater focus on the Asia region.
His statements come as the U.S. increased its deployments in the Pacific, purportedly in response to threats from North Korea.
Those
military moves prompted much speculation in the news media that some of
the White House response to North Korea may be related to the larger
pivot to Asia that has been a major Obama administration policy goal.
Biden’s
remarks also come one week after China, Russia and other powers
announced the creation of a new economic order that would rival the
Western-dominated World Bank and International Monetary Fund.
Delivering
the keynote address at the Export-Import Bank Conference in Washington,
D.C. on Friday, Biden stated “the affirmative task we have now is to
create a new world order.”
He continued: “Because the global
order is changing again, and the institutions of the world worked so
well in the post-World War II era for decades, they need to be
strengthened, and some need to be changed.”
“So we have to do
what we do best, we have to lead,” he stated. “We have to update the
global rules of the road, we have to do it in a way that maximizes
benefits for everyone, because obviously, it’s overwhelmingly in our
interests. This is not a zero sum game, it’s overwhelming our interest,
that China prosper, that Mongolia prosper, that nations big and large,
East and West (prosper). We have to level the playing field so that
companies and workers can compete in the world, that the competition is
fair and it’s healthy.”
On Friday, WND published an article
asking whether the Obama administration’s military build-up in the
Pacific is part of the president’s so-called pivot-toward-Asia strategy,
a move that could demonstrate the biggest shift in world power since
World War II?
It is difficult for most seasoned observers to
explain why Obama is suddenly responding to North Korean aggression when
the White House did little in 2008 when North Korea refused to allow
United Nations inspectors into its nuclear plants.
The Obama
administration also took little action when North Korea in 2009 carried
out at least two nuclear tests, one of which is believed to have been
the cause of a magnitude 4.7 seismic event.
The White House did
not allow the U.S. military any significant response when in 2010 North
Korea torpedoed a South Korean navy ship, killing 46 sailors. North
Korea then shelled a South Korean island with little U.S. reaction.
Now,
purportedly in response to aggressive action by North Korea’s new
leader, the White House is sending to Singapore a new class of warship
designed to fight in coastal waters.
The Pentagon also announced
that it will deploy a missile defense system to the U.S. Pacific
territory of Guam to strengthen regional protection against a possible
attack. This after the Obama administration largely canceled a similar
defense system intended for Europe.
U.S. warplanes, including
fighter jets, U-2 spy planes and an A-10 attack jet, were seen flying in
South Korea yesterday as part of a massive joint military exercise.
The
U.S. says it stands “poised to respond” at the border of North and
South Korea, where American troops are on high alert amid possible
further Pentagon build-up in the region.
U.S. military ‘rebalance’
Why is the U.S. now responding to North Korea?
Time
magazine says the “U.S. pivot toward Asia – and the potential for
confrontation with China – became a little more real this week with the
arrival of a new class of warship designed to fight in coastal waters.”
That
pivot has been declared by the Obama administration itself – a
professed strategy of putting a greater focus on the Asia region.
Earlier
this week, Defense Secretary Chuck Hagel “made clear the U.S. and the
Department of Defense remain committed to the rebalance towards the
Asia-Pacific region,” Pentagon spokesman George Little said after a
meeting between Hagel and Singapore Prime Minister Lee Hsien Loong.
Hagel
told Loong that “in the future there will be even more opportunities
for closer collaboration between the U.S. and Singapore,” Little said.
‘New economic world order’
The
U.S. military shift comes as the so-called BRICS countries – Brazil,
Russia, India, China and South Africa – seek to create a monetary system
to rival and even surpass the West.
While it received little
U.S. media attention, last week at its fifth annual summit the BRICS
group unveiled what it said was a new development bank aimed at breaking
the monopoly held by Western-backed institutions.
The bank would
use $50 billion of seed capital shared equally between Brazil, Russia,
India, China and South Africa but would clearly be dominated by China.
Russian
President Vladimir Putin gave support for the bank while India’s trade
minister said BRICS will “have a defining influence on the global order
of this century.”
“It’s done,” said South African Finance
Minister Pravin Gordhan last Tuesday, adding “we made very good
progress” on the formation of a World Bank-analogue development agency.
Iran’s
Press TV described the deal this way: “The BRICS bank will present an
alternative solution to the Western-dominated global banking system
comprised of the Bretton Woods institutions – the World Bank (WB) and
International Monetary Fund (IMF).
“The new bank will provide a
collective foreign exchange reserve and a fund for financing
developmental projects in order to address the needs of emerging and
poor economies.”
Press TV reported, “BRICS members say the
current global balance of power is unworkable, with institutions such as
the WB, the IMF and the United Nations Security Council irrelevant in
addressing matters concerning global economics.”
Under the deal,
the two largest economies of the emerging power groups, China and
Brazil, agreed to remove nearly half of their trade exchanges out of the
U.S. dollar zone – a significant blow to the U.S. dollar.
Some in the U.S. are skeptical the BRICS moves will actually work.
Joseph
S. Nye, a professor at Harvard University, wrote in the Australian
newspaper: “Tellingly, the meeting in Durban failed to produce any
details of the structure of the proposed new development bank,
suggesting that little progress had been made in the year since the
BRICS’ last meeting in New Delhi, where the plan was announced.”
Continued
Nye: “In fact, despite a commitment to launch “formal negotiations” to
establish the bank, disagreements about the size and shares of the
bank’s capital have not been resolved.”
The New American took the
other side, arguing the BRICS bank is a step closer toward a world
government: “Aside from a planetary fiat currency and central bank, the
erection of a true world government was at the heart of BRICS regimes’
machinations outlined in their final agreement.”
The publication
pointed out the BRICS declaration at the end of last week’s summit
included, “We reiterate our strong commitment to the United Nations
(U.N.) as the foremost multilateral forum entrusted with bringing about
hope, peace, order and sustainable development to the world.”
The
BRICS statement added, “[W]e reaffirmed our commitment to the promotion
of international law, multilateralism and the central role of the
United Nations.”
BRICS clearly sees a reshaped economic world in which government-run companies play a significant role.
“We
acknowledge the important role that State Owned Companies (SOCs) play
in the economy and encourage our SOCs to explore ways of cooperation,
exchange of information and best practices,” the declaration states.
“As
the global economy is being reshaped, we are committed to exploring new
models and approaches towards more equitable development and inclusive
global growth.”
With additional research by Joshua Klein.
http://www.wnd.com/2013/04/biden-calls-for-new-world-order/
Today at 5:11 pm by Rocky
» Sudanese advisor criticizes Kuwaiti analyzes regarding the development road project
Today at 2:21 pm by Rocky
» Al-Mandalawi stresses the need to strengthen economic and trade cooperation between Iraq and Poland
Today at 2:04 pm by Rocky
» Power maneuvers: America provides defensive weapons to Kurdistan in exchange for withholding from Ba
Today at 10:26 am by Rocky
» Kuwait is drilling an oil well near Umm Qasr, towards Iraqi territory
Today at 10:24 am by Rocky
» In the document... the first Iraqi ministry identifies the obstacles to changing the new official wo
Today at 10:22 am by Rocky
» Italian Institute: Iraq is stuck in its own crises, including Baghdad’s efforts to undermine the “au
Today at 10:21 am by Rocky
» The head of the Integrity Commission announces the holding of an international Interpol conference i
Today at 10:18 am by Rocky
» Planning: Iraqi companies are not efficient in conducting the population census
Today at 10:14 am by Rocky
» utube MM&C 4/24/24 Support - USA- Turkey - Timing- Currency Value - Tabled
Today at 8:08 am by Rocky
» MM&C 4/25/24 National Bank of Iraq goes live with Temenos core banking and payments
Today at 8:06 am by Rocky
» A banking official indicates a "danger" to Iraq by depriving more than half of its banks of dollars
Today at 7:55 am by Rocky
» With the participation of the Association of Private Banks, investment opportunities are on the tabl
Today at 7:45 am by Rocky
» Within a month... an Iranian border crossing recorded a noticeable increase in exports of goods to I
Today at 7:44 am by Rocky
» The Association of Private Banks appreciates the efforts of the government and the Central Bank to c
Today at 7:43 am by Rocky
» Al-Maliki's coalition presents a third candidate for the position of governor of Diyala
Today at 6:57 am by Rocky
» Arab gathering: The Kirkuk problem is getting complicated and the Sudanese must intervene
Today at 6:56 am by Rocky
» Next week.. a Kurdish delegation will visit Baghdad to meet with the Minister of Finance
Today at 6:54 am by Rocky
» Under the pretext of salaries... Al-Party refrains from handing over port revenues to Baghdad
Today at 6:53 am by Rocky
» Association of Banks: For the first time, we are witnessing a clear targeting of depriving half of t
Today at 6:51 am by Rocky
» Parliament does not know the reason for the delay in sending the 2024 budget schedules: Voting takes
Today at 6:49 am by Rocky
» Applicants for the 2024 Hajj are demanding that the Central Bank secure the dollar for them through
Today at 5:09 am by Rocky
» Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week
Today at 5:08 am by Rocky
» Iraq's oil exports rise despite OPEC+ cuts
Today at 5:06 am by Rocky
» A study explodes a "surprise"... Iraq is among the countries that export oil to "Israel": How is the
Today at 5:04 am by Rocky
» Al-Araji emphasizes working to strengthen national identity
Today at 5:02 am by Rocky
» Al-Sudani visits Saudi Arabia to participate in the World Economic Forum in Riyadh
Today at 5:01 am by Rocky
» Iraq is talking about producing one million additional liters of gasoline
Today at 4:59 am by Rocky
» The Council of Ministers approves the implementation of the Baghdad Metro project
Today at 4:56 am by Rocky
» Minister of Commerce: We formed a joint economic committee with Türkiye
Today at 4:55 am by Rocky
» Resources: Government measures have contributed to improving the water situation in Iraq
Today at 4:53 am by Rocky
» Parliamentary Finance: Baghdad will continue to send salaries to the region’s employees until settle
Today at 4:51 am by Rocky
» A parliamentarian describes the corruption of Iraqi ports as “ghouls” and reveals the involvement of
Today at 4:49 am by Rocky
» Obelisk Hour: Basra is the subject of political conflict and ambiguity over the fate of the funds al
Today at 4:48 am by Rocky
» Turkmen leader: An agreement on the local government of Kirkuk is near
Today at 4:45 am by Rocky
» Anbar calls for the operation of its factories despite financial obstacles
Today at 4:44 am by Rocky
» Turki: The crisis of the Presidency of Parliament prompted the Sunnis to amend the Council’s interna
Today at 4:43 am by Rocky
» The Agriculture Committee confirms the existence of Iraqi-Turkish-Iranian discussions on water
Today at 4:42 am by Rocky
» Resources diagnose the challenges facing the water file in Iraq
Today at 4:38 am by Rocky
» Parliament pledges to the Interior Ministry: We will transfer money to buy weapons from citizens
Today at 4:33 am by Rocky
» Al-Issawi is the closest.. Parliament sets the date for deciding the choice of the new president
Today at 4:31 am by Rocky
» Deputy: Iraq's investments have risen and need a comprehensive review of previous years
Today at 4:30 am by Rocky
» Iraqis consume 7 billion eggs annually and import about $900 million
Today at 4:28 am by Rocky
» The Iranian role complicates attempts at open cooperation between Iraq and Turkey. Turkey is trying
Today at 4:26 am by Rocky
» Move in Iran to obtain $242 billion from Iraq in compensation for the eight-year war
Today at 4:25 am by Rocky
» 12 decisions from the Council of Ministers regarding the Baghdad Metro and Najaf-Karbala train proje
Today at 4:23 am by Rocky
» Sudanese Advisor: The path to development has begun... the Baka and the militias “we silence them wi
Today at 4:21 am by Rocky
» Not from Kurdistan.. How did Iraq become a source of oil for “Israeli tanks”?
Today at 4:19 am by Rocky
» Parliamentary Agriculture criticizes the Sudanese and Erdogan agreement: Türkiye will control water
Today at 4:16 am by Rocky
» The Iraqi government issues new decisions
Yesterday at 2:35 pm by Rocky
» The story of “reduced oil” to Jordan, from “compulsion” to mutual benefit.. Is there a loss?
Yesterday at 2:33 pm by Rocky
» The Council of Ministers takes 12 decisions for the Baghdad Metro and the Najaf-Karbala train
Yesterday at 2:32 pm by Rocky
» utube MM&C 4/23/24 Iraqi Dinar - IQD Update - Development Road Project - Saviour of Global Banking
Yesterday at 10:18 am by Rocky
» Kidney from pig transplanted into deathly ill New Jersey woman — and begins working almost immediat
Yesterday at 10:15 am by Bama Diva
» The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an
Yesterday at 9:48 am by Rocky
» Trade from the “Economic Committee” with Türkiye: It will overcome all obstacles facing the traders
Yesterday at 9:46 am by Rocky
» Washington's hope for stable relations with Baghdad clashes with Iraqi parties' rejection of the Ame
Yesterday at 9:41 am by Rocky
» Karim Badr: Development is America’s will to kill silk
Yesterday at 9:36 am by Rocky
» Oil: Opening of a new port for liquid gas for vehicles in Baghdad
Yesterday at 9:33 am by Rocky
» A media advisor warns of corruption in a draft law on the Parliament’s agenda
Yesterday at 9:21 am by Rocky
» Economist: There is serious work to lift US sanctions on Iraqi banks
Yesterday at 9:16 am by Rocky
» Will the agreements signed with the US Treasury reflect positively on the exchange rates?
Yesterday at 7:52 am by Rocky
» Iraq continues its quest to join the World Trade Organization
Yesterday at 7:51 am by Rocky
» Iraq completes the completion of the files for the initial offer of goods and services to join the W
Yesterday at 7:50 am by Rocky
» Economist: Travelers' dollars are leaking into the parallel market...and this is what the Central Ba
Yesterday at 7:32 am by Rocky
» President of the Federal Court: It is not permissible to force anyone to join any party, and the pol
Yesterday at 7:30 am by Rocky
» The Council of Ministers holds its session headed by Al-Sudani
Yesterday at 7:27 am by Rocky
» America weakens Baghdad...and increases Kurdistan's military capabilities
Yesterday at 7:26 am by Rocky
» The Iraqi government plans to build 10,000 schools throughout the country
Yesterday at 7:23 am by Rocky
» American threats close the Iraqi Stock Exchange at a loss
Yesterday at 7:21 am by Rocky
» Increase in external transfers at the Central Bank
Yesterday at 7:20 am by Rocky
» Al-Maliki calls on Britain to cancel restrictions on the entry of its companies into Iraq
Yesterday at 7:18 am by Rocky
» Planning and the European Union are discussing signing a number of agreements in the development, en
Yesterday at 7:16 am by Rocky
» Parliament talks about the mechanism for recovering smuggled funds and hints at the next stage
Yesterday at 7:13 am by Rocky
» Interior Ministry: The number of completed national cards reached 37 million cards
Yesterday at 7:06 am by Rocky
» Amnesty International: Violations of freedom and human rights continue in Iraq and the Kurdistan Reg
Yesterday at 7:04 am by Rocky
» Parliamentary Oil: The government is proceeding with the decision to raise the price of improved gas
Yesterday at 7:03 am by Rocky
» A parliamentary committee in Basra to investigate violations of the port company and the local gover
Yesterday at 7:00 am by Rocky
» Revealing the 10 most important American exports to Iraq
Yesterday at 5:31 am by Rocky
» A noticeable increase in the rate of Iraq's import of Chinese cooling devices
Yesterday at 5:30 am by Rocky
» Prime Minister: Working on projects without completing the infrastructure is a waste of money
Yesterday at 5:28 am by Rocky
» Iraq.. Extending the deadline for registration procedures on plots of land
Yesterday at 5:27 am by Rocky
» What is the main purpose of conducting the population census in Iraq?
Yesterday at 5:25 am by Rocky
» A plan to transform Iraq from a barren land to green with 5 million trees
Yesterday at 5:24 am by Rocky
» The Housing Fund announces the acceptance of more than 11 thousand loans through the Ur platform
Yesterday at 5:23 am by Rocky
» The Bank of Baghdad is moving to increase its capital to 400 billion dinars
Yesterday at 5:20 am by Rocky
» The electronic payment system will soon be adopted on Iraqi buses
Yesterday at 5:19 am by Rocky
» “It threatens our interests and destroys our economy.” An Iraqi project “irritates” the Kuwaiti stre
Yesterday at 5:18 am by Rocky
» Warning from the Central Bank about “misuse of electronic payment cards”
Yesterday at 5:17 am by Rocky
» Iraq and the Sultanate of Oman are discussing sending capacities through the Gulf countries
Yesterday at 5:16 am by Rocky
» The fact that a decision was issued to deport Syrian workers from Iraq
Yesterday at 5:14 am by Rocky
» Rice comes first... America exports 10 foodstuffs worth more than 350 million dollars to Iraq
Yesterday at 5:14 am by Rocky
» A sixth licensing round for gas exploration
Yesterday at 5:12 am by Rocky
» Baghdad is preparing to host the 50th session of the Arab Labor Conference
Yesterday at 5:11 am by Rocky
» Scientific symposium on the future vision of the tripartite budget
Yesterday at 5:09 am by Rocky
» Five conversion power stations enter service in Najaf
Yesterday at 5:08 am by Rocky
» Planning: Conduct a population census next November
Yesterday at 5:07 am by Rocky
» Experts: Spreading misleading information harms development and investment
Yesterday at 5:03 am by Rocky
» Economists call for tightening money laundering laws and port controls
Yesterday at 5:02 am by Rocky