Showing posts with label Dollar dominance. Show all posts
Showing posts with label Dollar dominance. Show all posts

Tuesday, 5 October 2021

Sitrep: China. Is. Dead. Serious.

 October 04, 2021

Escalation?  Continuation of “Sitrep : China. Is. Dead. Serious.”

By Chris Faure for the Saker Blog

China will not be conquered again, even if every last Chinese has to join the fight.

In the past four days, China has sent first 28, then 29 fighters and bombers near Taiwan. (Taiwan itself reports different numbers). Then, the US announced on Sunday that this is provocative. So, China called the statement irresponsible and sent a massive number of 59 fighters and bombers near Taiwan in a ‘take that!’ move.

https://www.globaltimes.cn/page/202110/1235639.shtml

But first, why would China militarily get involved in Taiwan, as it is their own territory under the 1992 Consensus for “one-China”? Taiwan is clearly China’s internal affair.  What are their red lines?

  • Taiwan declaring a flash independence (they cannot really because they are umbilically connected to the mainland)
  • Internal turmoil inside Taiwan as we saw in Hong Kong
  • Taiwan may make a non-legal military alliance with another country
  • And any violation of the 1992 consensus.

None of these conditions are currently present, but we will need expert advice on the 1992 consensus. I do not know de jure how close Taiwan is to that red line. De facto the Taiwan announcement that they are preparing for war is completely provocative.

Currently China is not threatening, she is using her air force to deliver very strong warnings that the conditions are approaching red lines.

Lets look at Global Times. Bear in mind that the Global Times is not a bullhorn for Chinese people. It is for the dissemination of information to western people. That is its function. 

https://www.globaltimes.cn/page/202110/1235638.shtml

The Take Aways are:

– Time to warn Taiwan secessionists and their fomenters: war is real:

“The secessionist forces on the island will never be allowed to secede Taiwan from China under whatever names or by whatever means, and, the island will not be allowed to act as an outpost of the US’ strategic containment against China. “

– “The strategic collusion between the US and Japan and the DPP authorities is becoming more audacious, and the situation across the Taiwan Straits has almost lost any room for maneuver teetering on the edge of a face-off, creating a sense of urgency that the war maybe triggered at any time.”

Sunday, further Global times writing appeared, by a GT voice, warning the EU (GT voice should indicate to us that this is unified among the Chinese people).

EU warned not to play with fire on Taiwan question. https://www.globaltimes.cn/page/202109/1235387.shtml

The Take Aways are:

– China will reconsider the European trade agreement.

“If the EU simply wants to develop normal economic and trade relations with the Taiwan island, its unusual emphasis on the latter’s role in its Indo-Pacific strategy should be viewed with suspicion. Some European politicians may think that playing the “Taiwan card” will draw more attention and could help pressure the mainland to make more concessions. But confusing the right and the wrong on China’s bottom line is a dead end.

The Chinese mainland’s position on the Taiwan question remains clear and resolute. All exchanges with the island must be handled in strict accordance with the one-China principle. They cannot exceed the scope of normal nonofficial cooperation and exchange.”

So, this is where we stand in this face-off and more analysis will follow.

October 05, 2021

Escalation? Continuation of “Sitrep : China. Is. Dead. Serious.”

by Chris Faure for the Saker Blog

Continuation of “Sitrep : China. Is. Dead. Serious.”

Let’s take a look at what China overcame in our near history.

  • The NED and similar organizations’ sponsored “Color Revolutions” in Hong Kong, Tibet, and Xinjiang all collapsed. We can also be sure that this escalation that we see now is not really about Taiwan. Taiwan is playing its role, like the dissidents in Hong Kong did.
  • The Trump Trade War collapsed and his focus on tariffs is now taking a tremendous toll on the US West Coast Ports.
  • The western propaganda war on China is collapsing because of the efforts of blogs like The Saker Blog and many others that took up writing about this.
  • The economic war is collapsing. For this, we have to follow Michael Hudson who details the butt-hurt Soros types who cannot make China dance to their tune. China has done massive work so that they do not have monopolies and internal destabilization by ‘too big to fail types’.
  • The return of Meng Wanzhou as a figure of national pride, which was a very delicate operation if one follows all of the plane routes during the sensitive exchange. Meng was exchanged for two worthless Canadian spies. There is another theory and this is that Canada tumbled to pay back the US for not including them in AUKUS.
  • The idea that the Chinese are not soldiers. They are that now because they have to be. * More about this following.

Let’s see what China gained in our near history

  • The pride, persistence, and trust of the citizens.
  • Major developments in space, like their own space station (slated to be a launching platform for? For what really? I do not know but the west has declared space a warfighting domain.) Most nations are welcome to come and hook up their own module, but the western world is not. This is a little payback for not allowing Chinese astronauts on the international space station.
  • A top US general, Milley, is so fearful of China that he called his counterpart in the late days of the Trump administration and told them that the US will not attack. (General Miley called to deliver a madman message–we have a madman at the helm and he may send nukes your way, so don’t do anything to give him an excuse. The poor general also had to deliver a contradicting message–at the same time, America is not falling apart; everything is hunky-dory and the well-oiled machine is running smoothly. ) (I know this has been taken out of perspective by almost everyone, but I am thankful, no matter that he may be a sniveling idiot. He did the rest of the world a favor).
  • China is in the process of destroying the dollar hegemony slowly but surely with Russia already having done its part and divesting from the dollar in their sovereign wealth fund. This deserves an analysis all by itself. Needless to say, China is launching its digital Renminbi, or Digital Currency Electronic Payment, commonly referred to as E-CNY, a central bank digital currency issued by China’s central bank, the People’s Bank of China. It is the first digital currency to be issued by a major economy. The digital RMB is legal tender and has equivalent value with other forms of CNY, such as bills and coins.
  • The fight against a virus called Covid.
  • China is now exceeding the US in almost all economic metrics, although they still refer to themselves as the 2nd major economy.

And at this stage, China makes major military flights near Taiwan.

A few statements:

  • China has no interest in military action against Taiwan
  • Taiwan has no real desire for military action against China (it would be somewhat like swatting a fly for China and will be over in an hour whichever method China chooses).
  • Here is Taiwanese Foreign Minister warning that his country is preparing for war with China.  He asks Australia for help and Australia’s 60 minutes distributes the war propaganda.
  • https://www.abc.net.au/news/2021-10-04/taiwan-preparing-for-war-with-china/100511294.
  • Is the US interested in a war against China over Taiwan? We simply do not know.

What do we know?

Taiwan is a smaller copy of the economic miracle of China and there is no question of its economic success and high tech ability. But China mainland purchases over 40% of Taiwan’s production in both high-tech and agricultural products.

By studying Taiwan’s financial reports, MintPress has ascertained that the semi-autonomous island of 23 million people has, in recent years, given out millions of dollars to many of the largest and most influential think tanks in the United States.

It is then easy to conclude that with this revolving door, the US decided that Taiwan is an easy ingress to their hope for regime change in China itself (stated publicly by Mike Pompeo) and the AUKUS deal started the new range of increased provocations: It looks like any of the old color revolution tactics or initiatives, just now with an added threat.

This one, could end up in a hot war with both Russia and China.

Taiwan will not have a referendum for independence, because independence is not a done deal for the Taiwanese people. The ruling class fears that such a referendum will not be successful. We all know the ‘call to democracy’ and we all know that this is invoked over and over by hegemonic powers to justify their own excesses. Well today, Taiwan’s Tsai is invoking ‘a call to democracy’ via an article in Foreign Affairs Magazine. China is not impressed as she knows as well as you and I, what that really means. https://www.globaltimes.cn/page/202110/1235658.shtml

China’s interest is peace and security in the region, which is now being called Indo-Pacific. Martyanov says this terminology is hegemon speak, and I’m inclined to agree with him. It used to be Asia Pacific. I so hope someone can draw me the borders (even a dash line) where the Indo pacific and the Asia Pacific exists. Wikipedia, instead of being obscurantist as usual, this time gives the plot away.

The term first appeared in academic use in oceanography and geopolitics. Scholarship has shown that the “Indo-Pacific” concept circulated in Weimar Germany, and spread to interwar Japan. German political oceanographers envisioned an “Indo-Pacific” comprising anticolonial India and republican China, as German allies, against “Euro-America”.[2] Since 2010s, the term “Indo-Pacific” has been increasingly used in geopolitical discourse. It also has “symbiotic link” with the Quadrilateral Security Dialogue, or “Quad”, an informal grouping of in the region, comprising Australia, Japan, India, and the United StatesIt has been argued that the concept may lead to a change in popular “mental maps” of how the world is understood in strategic terms. https://en.wikipedia.org/wiki/Indo-Pacific

Martyanov says that the US has clear dominance in submarine capability and he also says that escalation is something that is very hard to predict. Here we see escalation toward war, with the US using probably the only card that they have to play, trying to kick off an ocean-wide domination conflict on the shipping lanes of communications, with probably the only weapon that they have left, submarines to try and consolidate at least something of US economy and influence across the world. Right here the issue of escalation becomes complex. Russia will not stand out of this and what happens when the Zircons start flying? How soon until Japan, Australia and Taiwan are demolished? We will leave this here for professional analysts to opine.

With that as a backdrop, let’s return to China, specifically the general belief that the Chinese are not born soldiers. That is true, yet the difference is that they prefer to solve problems non-kinetically. (Which is 100% fine with me!) But, they have other abilities, one of which is that they do not give up. The Saker has often said that morale is the greatest weapon of a military force. In this case, I would add to that: preparedness. Again Martyanov said that this thinking on the dominance of sea-lanes is not new. Well, China knows that as well, and they have prepared.

Every school child and university student in China now goes through military training. For the school kids, it is part of the initiative by the Chinese leaders to relieve the school kids from absurd requirements for STEM learning and to get them outside to take part in healthy play and strengthen them physically.

Every city has a local militia and they are armed to the teeth and drill and practice continually. This alone is estimated at 1 million feet on the ground (from Chinese sources).

If kinetic action breaks out in their own backyard, they have the numbers and home team advantage.

Following are some comments from our China correspondents. I don’t have the necessary 2 sources plus another for these, but I put them here to give you an idea of the chat.

China is known to be able to set together production lines very quickly. In these comments, this one is comical and says that China is mass producing nuclear warheads like they crank out paper lanterns. The only thing on earth that is faster is the US money machine.

It may be a comical comment, but the underlying issue here is that the average Chinese person has no doubt that China will, and is able to build whatever is necessary, any war materiel of any kind, to withstand kinetic action.

Is this meaningful in discussing this escalation? I would say yes.

More comments:

If you think a war against China (and Russia – we have to call in Russia at this stage) will be a perpetual war, kindly think again. This is not a win or a lose – it is total destruction of the one that fires the first shot or shoots the first missile or positions the first submarine to destabilize sea-lanes.

This represents the average Chinese and their chat and it is not the type of barroom soldier chat. These are ordinary people.

China is a merit nation and very serious. One can expect precision and ruthlessness. You may want to believe that the Chinese are not born warriors or you may want to believe that they cannot innovate. You can believe what you want, but take a look at these comments:

They do not believe in surgical strikes should anyone attack them. They believe in pounding the source of the attack and whatever is around it, into oblivion. They have their own history as a template.

Btw, does this remind you of the Russians, who said that any strike on Russia will not only take out the strike, but also the platform where the strike comes from? The interaction between Russia and China militarily has grown tremendously as well, but again, this is another analysis.

I expect full-on military readiness as the Chinese military has been on a readiness footing for about a year now.

An outstanding question is how unified Asia is around China. Again we come up against Martyanov’s principle of escalation and this is really difficult to predict.

There is the old saying that goes like this: Do not march on Moscow!. We need to add one. Do not militarily threaten Baba Beijing!. It does not matter how for how long, they do not count their own possible dead, but they will stay the course.

Can we hope for level heads in Washington DC? Realism tells us that we have to hope for the best, but prepare for the worst. China is doing that.


River to Sea Uprooted Palestinian   
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Blog!

Sunday, 19 September 2021

Iran – New Member of the Shanghai Cooperation Organization

Iran – New Member of the Shanghai Cooperation Organization

September 18, 2021

Peter Koenig and PressTV

On 17 September 2021 Iran has become a full member of the Shanghai Cooperation Organization (SCO). It is an extraordinary achievement and new beginning for US and wester sanction-badgered Iran. On the occasion PressTV interviewed me on what this great move might bring for Iran. See the transcript below.

PressTV Question:

1.       Iran is finally a member of the SCO. It is said this solidifies a block to stand up to the West and US hegemony: will it be able to do that, and is the era of unilateralism over?

PK Reply:

First, my deepest and heartfelt congratulations for this extraordinary event – Iran the latest member of the Shanghai Cooperation Organization – SCO.
Bravo!

Yes, this will definitely open new doors, prosperous doors with new relations in the East. SCO with the current membership covers close to 50% of the world population and accounts for about one third of the world’s GDP.

Being a member of this organization, will take a lot of pressure away in terms of western sanctions, western impositions, monetary manipulations via the US dollar as a remedy for payment.
No more.

Iran is now free to deal in her own currency and in Yuan as well as in any currency of the SCO members, because western-type trade currency restrictions do not exist in SCO member countries.

This will drastically reduce the potential for US / western sanctions and will increase on the other hand, Iran’s potential to deal with the East, i.e., especially China and Russia; entering partnership agreements with these and other SCO countries, benefitting from comparative advantages. It may open-up a new socio-economic era for Iran.

Also, in terms of defense strategy – although SCO is not a military defense organization per se, but it offers strategic defense assistance and advice – and as such is a solidifying force for member countries.
SCO also respects countries’ autonomy and sovereignty – and facilitates trade arrangements between member countries.

Having said this, Iran must not lose sight of potentially disrupting internal factors, like the so-called Fifth Columnists – those who will keep pulling towards the west, and they are particularly dangerous as infiltrates in the financial sector, Treasury, Ministry of Finance, Central Bank, and so on. They are everywhere, also in Russia and China. But internal Iranian awareness and caution will help manage the risks and eventually overwhelm it. Russia has gone along way in doing so. And so has China. And so will Iran. I’m confident.

Again, excellent momentum to celebrate. – Congratulations!

——-

2.       Iran will also be part of the different regional bodies in neighborhood regions, including Eurasia, that could spontaneously break the “sanctions wall” and lead to diversified fruitful foreign relations. Does this mean the US sanctions will not be as effective?

PK Reply

Yes, absolutely. Regional bodies and trading arrangements within Eurasia – such as The Eurasian Economic Union – EAEU – has an integrated single market of 180 million people and a GDP of some 5 trillion dollars equivalent and growing. It covers eight countries of which 3 have observer status.

Other than trading with the members of the Eurasian Economic Union, the EAEU also has trading agreements as an entity with other countries, for example with Singapore.

Then there is maybe the most important trade deal in world history, the ten ASEAN countries, plus China, as well as Japan, South Korea, Australia and New Zealand – but not the United States. Thus, no dealings in US dollars, no potential for US sanctions. This Trade Agreement is called The Regional Comprehensive Economic Partnership (RCEP). It was signed in November 2020 on the occasion of the annual summit of the 10-nation Association of Southeast Asian Nations (ASEAN).

RCEP countries have a combined GDP of US$ 26.2 trillion or about 30% of global GDP, and they account for nearly 28% of global trade (based on 2019 figures). Total population of RCEP countries is 2.3 billion, roughly 30% of the world’s inhabitants.

Negotiation of this trade deal took 8 years. The longest ever. And it will of course, take time to reach the full potential of integrating the sovereign countries economies. In contrast to the European Union, RCEP will to the utmost possible preserve each country’s sovereignty. This is important in the long-run, especially for conservation of national cultures, ideologies and national development strategies.

There maybe a good chance for Iran to negotiate early entry into the RCEP Agreement. It will definitely be a blow to US sanctions – and on the other hand a tremendous opportunity for diversification of markets, production and consumption.

Again, congratulations. Being a member of the SCO is an extraordinary achievement. As, I always say – the future is in the East.

Best of luck to Iran, with new partners and new friends.

—–
Peter Koenig is a geopolitical analyst and a former Senior Economist at the World Bank and the World Health Organization (WHO), where he has worked for over 30 years on water and environment around the world. He lectures at universities in the US, Europe and South America. He writes regularly for online journals and is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed; and  co-author of Cynthia McKinney’s book “When China Sneezes: From the Coronavirus Lockdown to the Global Politico-Economic Crisis” (Clarity Press – November 1, 2020)

Peter Koenig is a Research Associate of the Centre for Research on Globalization. He is also is a non-resident Sr. Fellow of the Chongyang Institute of Renmin University, Beijing.


River to Sea Uprooted Palestinian   
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Blog!

Saturday, 3 April 2021

Nixon ‘opened’ China, but only superpower China could ‘open’ Iran (1/2)

Friday, 02 April 2021 2:52 PM  [ Last Update: Friday, 02 April 2021 2:52 PM ]
US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Nixon ‘opened’ China, but only superpower, socialist China could ‘open’ Iran (1/2)
Ramin Mazaheri is the chief correspondent in Paris for Press TV and has lived in France since 2009. He has been a daily newspaper reporter in the US, and has reported from Iran, Cuba, Egypt, Tunisia, South Korea and elsewhere. He is the author of ‘Socialism’s Ignored Success: Iranian Islamic Socialism’ as well as ‘I’ll Ruin Everything You Are: Ending Western Propaganda on Red China’, which is also available in simplified and traditional Chinese.

By Ramin Mazaheri  cross-posted with The Saker

One thing about Western business media is that whenever any imperialism-opposing nation has a major success their subsequent understatement speaks volumes, as evidenced by an article in the oil trade press, The Iran-China Axis Is A Fast Growing Force In Oil Markets, at the website OilPrice. For trade journalists they are quite behind the trends of their industry: Iran and China are now a permanent force in the oil world, but far beyond that realm as well.

In reading OilPrice over the years I am not surprised: they have repeatedly reacted to the bilateral 25-year strategic agreement — which has just been fully signed — as though it was something which had not been in discussion for years; with total consternation as to why these two countries could want to ally with other; with an Iranophobia so enormous that their bias is rarely even barely concealed.

The outlook of their journalists is that of businessmen, and thus it’s the incredibly narrow and self-serving point of view of a specialist. It is unsurprising that — when compelled to formulate a political or moral viewpoint — OilPrice has a totally Cold War view of the world, which is typical in the West, and which explains why their headline calls it an “Iran-China Axis” instead of an “Alliance.” The use of such a term is typical Western media propaganda designed to conflate the right-wing Germans of the World War II era with modern Iran and China, even though the latter are totally different from the former in political ideology, economic structure and social morality.

It’s a nonsensical and historically-nihilist conflation, but when examining OilPrice’s take on the Iran-China deal, we are reminded that Western business media is quite content to sensationalize, to warmonger and to create sustained market panic in order to increase the grip of militarism in the Western psyche and to continue the inequitable Western domination of the oil trade. OilPrice, specifically, also wants the price of oil to always increase.

Thus the article is full of many stupidities worthy of the idiocies of George W. Bush, the paranoia of J. Edgar Hoover, the anti-socialist hysteria of the Dulles brothers and the hypocritical phoniness of Barack Obama. Things of the lowest order of political analysis and knowledge abound, such as: “The first is they are both absolute dictatorships,” “the rogue Islamic country,” China’s Belt and Road Initiative is “a shield for China’s true intentions” and a “Trojan horse” for “military expansion,” etc.

(Of course, few international projects as transparently pragmatic and non-ideological as China’s BRI — if you accept China’s offer of mutually-beneficial cooperation there is no additional demand to also legislate acceptance of their “universal” values.)

But we benefit from knowing the oil trade’s viewpoint because while there are so very many financial shenanigans in the Western economy, there is still a “real” economy, and oil is its lynchpin.

Oil is also the lynchpin of the US dollar’s global preeminence and overvaluation. Indeed, this article’s concluding paragraph is a reminder of those very fundamental — yet often forgotten — facts: “Finally, the introduction of a war premium to oil prices will cause a commensurate re-evaluation of oil equities in non-belligerent countries. The modern economy runs on petroleum products and derivatives, and will for many decades.”

 The Great Financial Crisis and subsequent Great Recession proved that the Western economy is indeed incredibly vulnerable to many types of phonily-inflated equities, economic fundamentals-untethered financial products, sham derivatives concocted by high finance and more besides. However, the author is correct when he writes that paragraph because the Petrodollar — the forced sale of oil in dollars — is the most important and longest-running financial sham. It replaced the gold standard, after all.

But China and Iran’s unprecedented petrodollar end run (and via a new joint China-Iranian bank) is just one part of why their bilateral agreement is such a huge deal. Not only does the pact upset the delicate balance of Western financial chicanery, but it permanently upsets longstanding Western geopolitical advantages, global geopolitical reality and especially the idea that the United States is the sole portal through which modern history can enter.

US has fallen so very far since 1971— now they are even behind China, and Iran just proved it

The bilateral deal’s importance can’t be understated for either side, and I have written about it for years. It’s as if — in the year 1545 — the Bolivian silver miners at Potosi struck a fair deal with the Spanish crown: Instead of getting enslaved, sham conversions and colonized Bolivia would still be an Incan cultural force today, with almost 500 additional years of illustrious history, learning and advancement. Thankfully, China is socialist — thus it is anti-imperialist and mindfully chooses cooperation over enslavement (either literally, through local puppets or through debt). Thankfully, Iran is not the shell-shocked Inca — they know who their enemies are, and also who works with enough goodwill to be welcomed.

For a more modern take, the deal is the equivalent of Richard Nixon’s “Opening of China” in 1971, except in a total role reversal: What is historically vital is no longer the position of the US, but the attitude of the superpower China.

Iran is often described as the last great “untapped market” — against all odds, expectations and supposed historical inevitabilities they chose the East as partners, not the West. That’s gigantic.

The deal will mark the “Opening of Iran” because it is not a mere “lifeline” to Iran – as it is often falsely described – but a guarantee of real prosperity, as it will be administered by Iran’s successful, revolutionary political structure. It is absolutely not more than just the achievement of stability, which Iran achieved entirely on its own starting in 1979, when the slogan was “Neither East nor West but the Islamic Republic.”

To quote from the OilPrice article:

“The New York Times is quoted as saying-

 ‘The partnership, detailed in an 18-page proposed agreement obtained by The New York Times, would vastly expand Chinese presence in banking, telecommunications, ports, railways, and dozens of other projects. In exchange, China would receive a regular — and, according to an Iranian official and an oil trader, heavily discounted — supply of Iranian oil over the next 25 years.’

 And there you have it.”

And there you have it, indeed.

Iranian Foreign Minister Mohammad Javad Zarif, right, and his Chinese counterpart Wang Yi are seen in this photo while signing the “Comprehensive Strategic Partnership” deal between the two countries in Tehran on March 27, 2021. (Via IRNA)

Oil-based cars and machines may be significantly phased out by greener technologies in 25 years or so, but Iran has made a superb bargain to sell as much oil as they can while they still can. The “heavy discount” is only about 4%, but I can see how – as a Western “oilfield veteran” – this OilPrice author expects everyone to scratch and claw for every penny he or she can grab. For Iranian bureaucrats, however, a longer-term economic view is required, as is less greed.

War —  and sanctions (what used to be called “blockades” in English) are indeed war — certainly does force civilians and civil servants into more moral and more intelligent behaviors: self-sacrifice, unity, collective action, planning, determination, study, reflection, etc. The West’s sanctions have been perhaps praised in Iran nearly as often as they have been derided because Iran has had no choice but to build up its domestic capabilities — economic, intellectual, moral and natural — which naturally demanded a long-term commitment of domestic effort, political policies and acceptance of the national consensus.

But if the economic impact of illegal Western sanctions encouraged Iran’s leaders to make a 25-year oil bargain at only a 4% loss, then I say: take the money and run. If Washington, London, Paris and Tel Aviv fully had their way Donald Trump would have succeeded in forcing Iran to get 0% value from China —instead Tehran settled for 96% value over 25 years. If Iran doesn’t get yuan for every barrel that’s fine —China has technologies and skills which Iran can learn from, assimilate into future domestic projects and then likely export.

But this is what nobody seems to get about the indubitably socialist-inspired modern Iranian economy: Iran doesn’t do Western capitalism, i.e. it doesn’t sell out. Chinese companies will work alongside Iranian industries, all of which are state-owned and state-controlled to a degree which is unthinkable in the neoliberal West. China is not “buying” Iranian corporations – this is not $400 billion in “mergers” and “take-overs” — they are buying Iranian products or bartering for them via techniques Iran can learn from and projects which Iran needs to see built.

And there you have it: Iran secured money and intellectual investment for 25-years, and there is no danger of this investment being hijacked by foreign capital from any nation, which is how foreign investment works in Western neoliberalism. If the Iranian government can redistribute money downwards so effectively over four decades of hot and cold war, then surely they can do better in times of economic prosperity —this is the argument many Iranians have made over and over and over, and the West is fearfully aware of this rationale.

$16 billion per year in cash/goods/skills, and throw in a little thing called diplomatic unity, over 25 years – remember to compare that with what the West just offered: In 2019 France proposed a one-time $15 billion credit line. It was shot down by Washington, and of course Europe complied because neither want Iran to be prosperous or stable.

An incredibly ‘woke’ cooperation between 2 different ethnicities, cultures, regions & religions

Iran has proven to the world that America no longer has the ability to control the main global gate, and that is indeed a real achievement, but this achievement was equally fueled by Western incompetence, cruelty, intolerance and greed. Iran and China have risen, thanks to their modern and revolutionary cultures and structures — of course — but just look at how far the West has fallen since 1971?

As for China it’s vital to remember that it was an oil embargo which pushed fascist Japan into war with the United States, but China now has a guaranteed source of oil stability. China, which imports 75% of its daily needs, is almost as oil-poor as Japan but now no matter what Western adventurism produces in the Straits of Hormuz Beijing can count on the certainty of enough oil supplies to get by.

Iranian oil is already serving as Beijing’s backup against Western imperialist immolation, as the OilPrice article relates in detail: “China is stockpiling oil at a pace unrivaled in the developed world.” Doing so is, “In a marked dichotomy with the U.S., China is building oil inventories by design.” China, in contrast to Western liberal democracy, actually has competent civil service motivated — not by “universal” values, perhaps — by actual values instead of personal greed.

And there you have it: good governance based on modern political ideas which value the individual citizen over the aristocrat’s dollars. That’s the reason why Iran and China rankle the West so much.

So how could the West possibly like the 25-year strategic pact – it’s a “permanent” sea change. It’s a “permanent” step up in class for both Iran and China, and via an incredibly unprecedented cooperation. “Our relations with Iran will not be affected by the current situation, but will be permanent and strategic,” said China’s Foreign Minister Wang Yi at the signing.

But it’s not based on mere dollars — it’s a “pact” in a very broad cultural and political sense, and that’s both a shocking rejection of the Western model and the exciting proposal of something new for global humanity.

China and the USSR never cooperated as closely as this. Impressive Cuba, all alone in the New World, just can’t bring the heft which Iran brings to the table. North Korea is so beset upon and so war-scarred that they reject diplomatic ties like what Iran just accepted. You’d have to go back to the Eastern Bloc’s cooperation with Moscow to find something similar.

But what makes this cooperation so incredibly and excitingly “woke” is that it’s between two totally different cultures, religions and ethnicities. It’s truly a meeting of minds, as equals. We could truly go on and on about this aspect, and we should. We should also repeatedly point out that Western liberal democracy demands homogeneity via total submission to their hive mind, whereas socialist democracy protects, accepts and elevates differences and minorities in a consensus-based democracy.

It’s a meeting of two longtime empires whose modern political structures now explicitly forbid empire-building. But that’s a point which stresses the past and looks backward.

This is a meeting of two countries bravely and excitingly looking forward to this new century, whether it’s the 15th (less than two weeks ago the Iranian calendar reached the year 1400), or the 48th (it’s year 4719 in China).

It’s an incredible cooperation, and one so very long in the making.

Part 2 of this article examines how Western media responds to Sino-Iranian unity with hysterics at the prospects of reduced income from the Western imperialism machine. The article is titled: The Iran-China pact is a huge blow for Western imperialists who want war in Asia

(The views expressed in this article do not necessarily reflect those of Press TV.)


Press TV’s website can also be accessed at the following alternate addresses:

www.presstv.ir

www.presstv.co.uk

www.presstv.tv


River to Sea Uprooted Palestinian   
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