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Esquerra Nacional

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The winds of a new recession gather force in the United States

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 1 April 2016

Many have insisted on promoting the idea that the recovery of the United States economy is gathering strength for some time. Even high level functionaries of international financial organisms have declared that the North American economy has managed to escape the tendency of low growth that (…)

Where will the next global economic crisis explode?

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 4 February 2016

The year 2016 has hardly begun and the losses in different stock markets around the world care colossal: nearly 8 trillion US dollars during the first three weeks of January according to the calculations of the Bank of America Merrill Lynch. The Government of the United States made addicts of (…)

US Congress gives in and passes the IMF quotas reform

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 7 January 2016

Apparently the year 2015 marks the beginning of the new IMF interior revolution. First the incorporation of the yuan into the SDR’s was approved, the reserve basket created in 1969 to serve as a supplement of member nations’ official reserves. And now, thanks to approval from the US Congress, (…)

The yuan will be the third most powerful currency in the IMF basket

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 10 December 2015

In spite of the fierce opposition of the US treasury Department, on November 30 the IMF finally approved the inclusion of the yuan in the Special Drawing Rights, the currency basket created in 1969 to complement the official reserves of the members of the multilateral organization. With this the (…)

«Abenomics» fails to resolve Japanese crisis

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 28 October 2015

The economic perspectives that Japan brings in evidence that the «non-conventional» monetary policies implemented by some central banks of industrialized are an absolute failure. The Japanese economy not only fails to register sustained economic growth but has regressed to the fall of prices (…)

Russia precipitates the abandonment of SWIFT among the BRICS

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 6 October 2015

After the reintegration of Crimea in Russian territory, the United States has pressured regulatory authorities of the European Union to restrict the access of Russia to SWIFT, the system of international payment founded by 200 Anglo-Saxon banks in the decade of the 1970s. In response, the (…)

The devaluation of the yuan tests China’s rise as a world power

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 31 August 2015

After the devaluation of the yuan, the international financial markets started trembling. Washington accused Peking of taking advantage of the market. As China wants to incorporate the yuan into the Special Drawing Rights, it is inconvenient to prolong the devaluation. Furthermore, if a currency (…)

The BRICS’ pending affair

Lead the world economy’s yuan-ization

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 17 July 2015

In international press, a lot of ink has been devoted to the BRICS. Without a doubt the participation of the five-party in the world economy block has increased over the course of the last years, competing directly with the United States and the European Union. However, the details about the New (…)

The Troika pretends to suffocate Greece at all costs

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 28 June 2015

On June 18, negotiations between Greece and the Eurogroup stagnated again. The Troika insists that Yanis Varoufakis, finance minister, must present a “credible” plan with reform proposals for its creditors, in other words destroying labor rights, boosting austerity and along with that, giving (…)

Canada: China’s «Trojan horse»

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 15 May 2015

The number of adepts of the Chinese currency is ever-growing in its process of internationalisation. After gaining support in Pacific Asia and Europe by installing clearing centres and permit the investment of financial assets denominated in yuan, now Canada, the United States’ long-time ally, (…)

China’s defiance before the IMF

Incorporate the yuan into the Special Drawing Rights

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 12 April 2015

Despite US opposition, the global rise of the yuan has become unstoppable. In the light of IMF reunions, the Chinese government is now looking for a way to incorporate the yuan into the Special Drawing Rights, which is a crucial step in order to convert it into a global reserve currency.

How the Common Market of the South and the Eurasian Union defy the United States and the hegemony of the dollar

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 20 March 2015

In the light of the imperial offensive Washington launched against Russia and the democratically chosen governments in Latin America, the strategic partnership between the Common Market of the South and the Eurasian Union emerges like a crucial mechanism in the defense of sovereignty and the (…)

Swazi Foreign Minister pays Homage to Cuban Nacional Hero

Havana (Cuba) | 19 November 2009

Lutfo Ephraim Chiyinsimbi Dlamani, Swaziland’s Foreign Affaire and International Cooperation Minister, paid tribute to Cuban National Hero Jose Marti at the Revolution Square in this capital, his first activity as part of the official visit to Cuba.

The Geopolitical Great Game: Turkey and Russia Moving Closer

by F. William Engdahl

1 March 2009

Turkish President Abdullah Gül and Russian President Dmitry Medvedev signed a joint declaration in Moscow on 28 February 2009 aimed at deepening friendly relations and improving multidimensional cooperation between the two countries, with the Russian side defining the declaration as a “strategic (…)

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