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New role for China and Russia – and how after a Biden victory? — Paul Schmutz Schaller

Summary:
On the world stage, profound changes are under way. Obviously, China and Russia have lost the confidence that the West will contribute to the solution of the world’s problems in some constructive manner. China and Russia have now accepted their role as the leading forces with the responsibility of holding the world together. The West held this role for centuries, but this time is over. The West has essentially become destructive. The West has lost the power of solving problems and now use her resources mainly for creating problems. In my eyes, this is the central evolution of the last months and it is an epochal change....The Vineyard of the SakerNew role for China and Russia – and how after a Biden victory?Paul Schmutz Schaller for The Saker Blog

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 On the world stage, profound changes are under way. Obviously, China and Russia have lost the confidence that the West will contribute to the solution of the world’s problems in some constructive manner. China and Russia have now accepted their role as the leading forces with the responsibility of holding the world together. The West held this role for centuries, but this time is over. The West has essentially become destructive. The West has lost the power of solving problems and now use her resources mainly for creating problems. In my eyes, this is the central evolution of the last months and it is an epochal change....

The Vineyard of the Saker
New role for China and Russia – and how after a Biden victory?

Paul Schmutz Schaller for The Saker Blog
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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