Tuesday, January 9, 2024
Iraq Poised to End US-led Military Coalition Amid Shift Towards Sovereignty, 9 JAN
Iraq Poised to End US-led Military Coalition Amid Shift Towards Sovereignty
In a profound shift towards national sovereignty, Iraq is setting the stage to terminate the presence of the U.S.-led international military coalition within its territory. The Prime Minister of Iraq, in a move indicative of dwindling needs for foreign assistance, has announced this decision amidst a significant drop in violence.
An End to The US-led Coalition
The U.S. military coalition, a force established to combat the threat of ISIS, has been operating in Iraq under increasingly strained circumstances. The tensions have escalated following recent airstrikes and growing discord with Iran and its proxy groups. The decision to expel U.S. troops places Iraq on a delicate balance between maintaining a united front against ISIS and removing a perceived adversary of its allies from the region.
Iran has voiced support for Iraq’s initiative to end the presence of the coalition, a move catalyzed by a U.S. strike that led to the death of a pro-Iran commander in Baghdad. Prime Minister Mohamed Shia al-Sudani’s government, surviving on backing from Tehran-aligned parties, has condemned the attack as a ‘blatant aggression’ and is resolved to bring a halt to the coalition’s presence.
Repercussions on Regional Stability
Prime Minister al-Sudani’s announcement of the withdrawal of foreign military forces, including the coalition led by the U.S., has repercussions beyond Iraq. This decision, a response to the U.S. strike in Baghdad that resulted in the death of a Shiite group commander, has provoked retaliation from local Iraqi and Syrian militias. The decision could also impact U.S. military bases in Syria, possibly affecting their capacity to supply troops in the region.
Shaping National and Global Politics
As Iraq navigates the complexities of the political landscape and decision-making process, the country’s move directly influences the global order. The withdrawal of U.S. forces could significantly impact the stability of the region, posing new challenges for the Iraqi government. Furthermore, this decision offers new perspectives on the delicate interplay of power, ambition, and geopolitical dynamics globally.
BRICS Initiates Chinese Yuan’s Rise BY AWAKE-IN-3D , 9 JAN
BRICS Initiates Chinese Yuan’s Rise: JP Morgan Says Potential End for the US Dollar
On January 7, 2024
By Awake-In-3D
The BRICS alliance continues making financial waves as JP Morgan hints at a significant geopolitical currency shift. The Chinese Yuan’s rise, gaining momentum, emerges as a plausible alternative to the once-dominant US Dollar.
BRICS De-Dollarization Plans Has Potential
In a steady turn of events throughout 2023, BRICS has strategically revealed its de-dollarization plans, openly aiming to diminish the U.S. dollar’s hegemony.
The alliance’s commitment to promoting local currencies has set the stage for a profound transformation in the global financial landscape.
JP Morgan Analysts: Yuan’s Rise as a Game-Changer
JP Morgan, a financial services Goliath, has weighed in on the matter, highlighting China’s Yuan as a potential game-changer in the quest to dethrone the US Dollar.
Alexander Wise, a strategic researcher at JP Morgan, emphasized the Chinese Yuan’s rise taking a central role in the global economic shift.
Wise elaborated, stating, “With China’s growth centrality in global commerce, one might naturally expect the renminbi to assume a greater role in the global economy over time.”
To solidify its position, China is strategically implementing measures such as relaxing capital controls, opening markets, and promoting market liquidity.
BRICS’ Decisive Moves: Data Speaks Louder than Words
The BRICS alliance has not merely expressed intentions but has taken tangible steps towards reducing the US dollar’s significance.
Noteworthy data reveals that 25% of Russia’s non-China trade was settled in the Yuan, showcasing a tangible shift in trade dynamics.
Additionally, a colossal $7 billion currency swap agreement between China and Saudi Arabia amplifies the potential acceleration of the Yuan’s ascent.
Implications for the Dollar’s Future
As the Yuan gains traction, the US Dollar faces the prospect of a gradual decline in its international standing.
The combination of BRICS’ strategic initiatives and JP Morgan’s analysis positions the Yuan as a formidable contender, challenging the once-unquestioned dominance of the US Dollar.
In a landscape marked by continuous financial transformations, the rise of the Yuan signifies a potential turning point in the Great Global Fiat Debt Currency System, aligning with the ongoing narrative of a global financial reset.
The question now lingers: Can the Yuan truly emerge as the harbinger of change, signaling the logical conclusion of the existing fiat currency order?
Contributing article: https://www.jpmorgan.com/insights/global-research/currencies/de-dollarization
Iraqi PM emphasizes security and stability in Dhi Qar governorate, 9 JAN
Iraqi PM emphasizes security and stability in Dhi Qar governorate
Shafaq News/ On Monday, Iraqi Prime Minister Mohammad Shia Al-Sudani met with security and military leaders in Dhi Qar Governorate.
According to Al-Sudani’s media office, the prime minister highlighted the importance of “preserving the security and stability in Dhi Qar,” considering it a “fundamental pillar for development economic progress.”
The Prime Minister called upon the security services to fulfill their duties to “protect the investment projects in the governorate and their workers.”
https://shafaq.com/en/Iraq-News/Iraqi-PM-emphasizes-security-and-stability-in-Dhi-Qar-governorate
BRICS Expansion: 30 New Member Nations Says Vladimir Putin BY AWAKE-IN-3D, 9 JAN
BRICS Expansion: 30 New Member Nations Says Vladimir Putin
On January 7, 2024
By Awake-In-3D
The BRICS bloc, powered by Russia, is making significant strides in 2024, spearheading BRICS Expansion with the inclusion of five new full members.
President Vladimir Putin announced the induction of Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, marking a powerful shift in the association’s standing in international affairs.
Growing Authority and Support
Putin emphasized the growing authority of BRICS, stating that the inclusion of new members signals the association’s increasing influence in the ongoing BRICS Expansion.
He highlighted the principles shared by member nations, such as sovereign equality, openness, consensus, and a commitment to forming a fair global financial and trading system.
Rapid Expansion and Future Prospects
With the recent additions, BRICS now stands as a 10-nation body, showcasing its appeal to countries sharing its principles in the midst of BRICS Expansion.
Putin mentioned that approximately 30 more countries are prepared to join the multi-dimensional agenda of BRICS, prompting discussions on a new category of BRICS partner countries.
Russian Presidency Priorities
Under Russia’s 2024 BRICS chairmanship, the focus will be on strengthening the role of BRICS in the international monetary system.
Putin outlined key areas of concentration, including expanding inter-bank cooperation and increasing the use of national currencies in mutual trade, aligning with the theme of BRICS Expansion.Towards Equitable Global Developmen t
Putin’s vision for the Russian presidency revolves around strengthening multi-lateralism for equitable global development and security during this era of BRICS Expansion.
The priorities include enhancing foreign policy coordination among member countries, addressing challenges to international and regional security, and fostering cooperation in science, technology, healthcare, environmental protection, culture, and sports.
Roadmap for Collaboration
Putin affirmed Russia’s commitment to promoting all aspects of BRICS partnership in politics and security, economy and finance, and cultural and humanitarian contacts amid the ongoing BRICS Expansion.
Over 200 events across various levels and types are planned, culminating in the BRICS Summit in Kazan in October.
Strategic Economic Goals
The Russian presidency will actively contribute to the practical implementation of the strategy for BRICS economic partnership 2025 and the action plan for innovation cooperation 2021-2024, with a specific focus on ensuring energy and food security within the context of BRICS Expansion.
In a rapidly changing global landscape, BRICS is positioning itself as a formidable force for positive and constructive cooperation, embracing new members, and pursuing a vision of a fair and sustainable global financial system amid the ongoing BRICS Expansion.
Supporting article: https://www.rediff.com/news/report/brics-doubles-in-size-with-5-new-members-putin-hints-at-further-expansion/20240103.htm
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