Economy / Finance

Big Chip in US-China Crisis

For the U.S., it is unthinkable that semiconductor behemoth TSMC could one day be in territory controlled by Beijing

by Maria Ryan,* United Kingdom

(29 August 2022) One aspect of U.S. House Speaker Nancy Pelosi’s trip to Taiwan that has been largely overlooked is her meeting1 with Mark Lui, chairman of the Taiwan Semiconductor Manufacturing Corporation (TSMC). Pelosi’s trip coincided with U.S. efforts to convince TSMC – the world’s largest chip manufacturer, on which the U.S. is heavily dependent – to establish a manufacturing base in the US and to stop making advanced chips for Chinese companies.

India-Russia-Iran: Eurasia’s new transportation powerhouses

by Matthew Ehret*

(29 July 2022) No longer just an “alternative route” on a drawing board, the “International North South Transportation Corridor” (INSTC) is paying dividends in a time of global crisis. And Moscow, Tehran and New Delhi are now leading players in the Eurasian competition for transportation routes.

Open Nord Stream 2!

by Oskar Lafontaine*

(29 July 2022) I can no longer listen to the whining of Steinmeier, Scholz and others about the social upheavals that will occur when the price of gas triples. If you can only get energy from states like the U.S., Saudi Arabia or Qatar and Russia, which are accused of waging wars in violation of international law, then you should give preference to the supplier that has the best and cheapest goods. And that is Russia. It is also becoming increasingly clear that the German economy is closely intertwined with Russia for many other necessary raw materials and spare parts as well.

From real cash to unreal digital money

by Prof. Dr Eberhard Hamer*

(4 July 2022) “The biggest and most far-reaching economic scandal of our days is currently taking place through the manipulation of the monetary and currency systems. For the first time, monetary fraud has a global dimension, because it takes place on a worldwide scale, that can no longer be controlled, stopped or prevented by any national government, and because it is formally legal even under outdated national laws”.¹

The US sanctions against Russia will produce a global food disaster

by John Ross*

(20 June 2022) “There is really no true solution to the problem of global food security without bringing back the agriculture production of Ukraine and the food and fertilizer production of Russia and Belarus into world markets despite the war.” These blunt words1 by U.N. Secretary-General António Guterres accurately describe the present global food crisis.

The Ukraine War is a Racket

by Ron Paul, USA*

(9 May 2022) “War is a racket, wrote US Maj. General Smedley Butler in 1935. He explained: “A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small ‘inside’ group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.”