Wednesday , May 8 2024
Home / Mike Norman Economics / The G20 is dead. Long live the G20 — M. K. Bhadrakumar

The G20 is dead. Long live the G20 — M. K. Bhadrakumar

Summary:
The US is standing in the way of the progress of the world economy. The ROW is becoming impatient with the the US and vassals creating obstacles. But even the vassals are under pressure resulting from US hubris and its consequences for the world system. Now the US is running into opposition, some vocal—President Xi in particular. Nothing mentioned of BRICS and its expansion though. It was apparently the elephant in the room at the Bali meeting, everyone being well aware of it, not to mention BRI, which Bhadrakumar observes, has as yet no Western counterpart. The US-led West is simply trying to act as spoiler in this regard (rather  than pony up).India PunchlineThe G20 is dead. Long live the G20MK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Michael Hudson writes Temples of Enterprise

Lars Pålsson Syll writes Minnen som glömskan inte rår på

Bill Haskell writes Promoting the General Welfare, The Supreme Court’s Version of Doing So

NewDealdemocrat writes For the second time in three months, the Household jobs Survey was recessionary

The US is standing in the way of the progress of the world economy. The ROW is becoming impatient with the the US and vassals creating obstacles. But even the vassals are under pressure resulting from US hubris and its consequences for the world system. Now the US is running into opposition, some vocal—President Xi in particular. Nothing mentioned of BRICS and its expansion though. It was apparently the elephant in the room at the Bali meeting, everyone being well aware of it, not to mention BRI, which Bhadrakumar observes, has as yet no Western counterpart. The US-led West is simply trying to act as spoiler in this regard (rather  than pony up).

India Punchline
The G20 is dead. Long live the G20
MK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *