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$$ Bonds Offing of Petro Yuan KSA-China Relations

by Oui Thu Nov 21st, 2024 at 07:44:31 PM EST

China to Issue Dollar Bonds in Saudi Arabia, Deepening Financial Ties | MENA |

Shift from Hong Kong to Saudi Arabia

China usually issues US dollar bonds in Hong Kong. However, choosing Saudi Arabia for this sale signals a deepening partnership between the two countries. Crown Prince Mohammed bin Salman seeks Chinese investment to support his Vision 2030 initiative, aimed at reducing Saudi Arabia's oil dependency.
Saudi Arabia's Growing Investment Appeal

Saudi Arabia is increasingly relying on international dollar bond sales to fund its large-scale projects. This year, it has become one of the biggest emerging market issuers. Meanwhile, China is eyeing major Saudi construction contracts as its property market faces challenges at home. Saudi Arabia's solar energy boom has also attracted Chinese companies specializing in solar panels and batteries.

Strengthening Financial Partnerships

The decision to sell debt in Riyadh is part of a broader strategy to strengthen ties with Saudi Arabia. A senior banker at a Chinese state-owned lender explained that this move is part of China's growing influence in the Middle East. Although Russia surpassed Saudi Arabia as China's main oil supplier last year, Saudi Arabia remains a crucial exporter. The kingdom earns dollars from crude exports, which can be reinvested in dollar-denominated Chinese bonds.


China's Dollar Bond Sale Inundated With $40 Billion of Bids | BNN Bloomberg |

Joe absent on G20 Family Photo In Brazil

Early afternoon siesta, out of his comfort zone?

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Global Terror: Failure to Frog March the Bush Cabal

Much too late, but a major slap in the face of Mr. Zionist, son of Benzion and follower of Jabotinsky

Today's ICC decision is a marker in human rights history  ... indelible.

'Sapere aude'

by Oui (Oui) on Thu Nov 21st, 2024 at 08:22:59 PM EST
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Professor Alfred McCoy: The Rise & Decline of US Global Power

In an insightful and concerning presentation, UW history professor Alfred McCoy outlined some of the history and future direction of the world's geopolitics and presented a somber view of the future of 🌎 US global influence 🌏.

'Sapere aude'

by Oui (Oui) on Thu Nov 21st, 2024 at 08:23:46 PM EST
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Requiem for an Empire: How America's Strongman will hasten the Decline of U.S. Global Power | Juan Cole |

Some 15 years ago, on December 5, 2010, a historian writing for TomDispatch made a prediction that may yet prove prescient. Rejecting the consensus of that moment that U.S. global hegemony would persist to 2040 or 2050, he argued that "the demise of the United States as the global superpower could come ... in 2025, just 15 years from now."

To make that forecast, the historian conducted what he called "a more realistic assessment of domestic and global trends." Starting with the global context, he argued that, "faced with a fading superpower," China, India, Iran, and Russia would all start to "provocatively challenge U.S. dominion over the oceans, space, and cyberspace." At home in the United States, domestic divisions would "widen into violent clashes and divisive debates... Riding a political tide of disillusionment and despair, a far-right patriot captures the presidency with thundering rhetoric, demanding respect for American authority and threatening military retaliation or economic reprisal." But, that historian concluded, "the world pays next to no attention as the American Century ends in silence."



'Sapere aude'
by Oui (Oui) on Thu Nov 21st, 2024 at 08:25:56 PM EST
[ Parent ]
South Korean President Yoon Suk Yeol

DECLARES MARTIAL LAW

Of course ... authoritarianism is in the air ... a setback for "Western" democracy ... never mind, Joe would have invited you to his Summit anyway. 😎

South Korean president declares emergency martial law, accusing opposition of anti-state activities | AP Breaking News (

'Sapere aude'

by Oui (Oui) on Tue Dec 3rd, 2024 at 02:13:42 PM EST
Martial law decree bans activities that challenge the current political system

The martial law decree bans activities that challenge the current political system, including the spread of what the government deems "fake news" and "propaganda." Military units are on high alert, according to Yonhap news agency. China has urged its citizens in South Korea to remain cautious. The US National Security Council is monitoring the situation. Yoon's approval rating recently dropped to 19 percent, according to a Gallup poll.



'Sapere aude'
by Oui (Oui) on Tue Dec 3rd, 2024 at 06:12:22 PM EST
[ Parent ]
South Korea steps up U.S. diplomatic push ahead of Trump's return

In a clear shift toward Western democracies, South Korea has switched its traditional balancing act between the U.S. and China, choosing to deepen ties with Washington. © Reuters

'Sapere aude'

by Oui (Oui) on Tue Dec 3rd, 2024 at 06:15:19 PM EST
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Backsliding of democracy towards fascism ...

'Sapere aude'

by Oui (Oui) on Tue Dec 3rd, 2024 at 09:38:06 PM EST
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Wang Yi and German Federal Foreign Minister Annalena Baerbock Hold the Seventh Round of China-Germany Strategic Dialogue on Diplomacy and Security

Wang Yi stressed that in order to maintain the steady development of China-Germany relations, it is necessary, first and foremost, to calibrate the strategic understanding. China is a force for peace, growth and stability in the world, with an open, transparent strategy and policy orientation. China is the only major country in the world that has pledged to "keep to a path of peaceful development" in its Constitution. The historical logic that a nation opts for pursuing hegemony when growing stronger does not apply to China. 

On Ukraine, Wang Yi elaborated on China's position on promoting peace talks in a comprehensive and systematic manner.



'Sapere aude'
by Oui (Oui) on Tue Dec 3rd, 2024 at 06:35:51 PM EST
Chinese Buyers Are Ditching German Cars For Local Brands, and That's Bad News

Sales figures for the last quarter painted a grim picture. BMW's China sales dropped 30 percent, Porsche fell 19 percent, VW was down 15 percent and Mercedes deliveries slid 13 percent. It's not that Chinese drivers don't want to buy cars. They just don't want to buy German cars, preferring to spend their money on newer, tech-heavy alternatives, and crucially, more affordable alternatives from China's own rapidly improving automakers.

Although German cars still account for 15 percent of sales in China, their share is falling, and fast. Before the pandemic, they had 25 percent of the pie, Bloomberg reports. And when it comes to EVs, a sector that's far bigger in China than in the US or Europe, VW, Porsche, BMW and Mercedes are even further behind. Though all four brands offer electric cars, their models account for only 10 percent of the market.



'Sapere aude'
by Oui (Oui) on Tue Dec 3rd, 2024 at 06:46:47 PM EST
China tightens export controls on dual-use items to the US: MOFCOM | Global Times |

To protect national security and interests, fulfill international non-proliferation obligations and in accordance with China's Export Control Law and regulations, China decided to tighten its controls on the export of relevant dual-use items to the US, the spokesperson said.  

Under the new measures, China will prohibit the export of dual-use items to US military users or for military purposes. It will also strictly control the export of gallium, germanium, antimony, and superhard materials as well as graphite-related dual-use items to the US, according to the spokesperson. 

Any organization or individual from any country or region that violates the relevant regulations will be held accountable in accordance with the law, the spokesperson said. 



'Sapere aude'
by Oui (Oui) on Tue Dec 3rd, 2024 at 07:40:21 PM EST


'Sapere aude'
by Oui (Oui) on Wed Dec 4th, 2024 at 01:36:13 PM EST
South Korea Declares Martial Law to Foil 'Subversive Anti-State Elements'

"I declare martial law to protect the Republic of Korea from the threats of North Korean communist forces, to immediately eradicate the unscrupulous pro-Pyongyang anti-state forces that pillage the freedom and happiness of our people and to protect free constitutional order," Yoon said in an emergency press conference from his office in Seoul.

'Sapere aude'

by Oui (Oui) on Wed Dec 4th, 2024 at 01:37:07 PM EST
[ Parent ]
South Korea - Majority Wins As President's Putsch Fails | MofA

In a furious reaction President Yoon Suk Yeol and his defense minister and school buddy Kim Yong-hyun decided to declare martial law. Remarkably the prime minister of the president's government was not informed about the step:

    Prime Minister Han Duck-soo was completely unaware of President Yoon Suk Yeol's martial law declaration. This was because Defense Minister Kim Yong-hyun, a former upperclassman of President Yoon in high school, bypassed the prime minister and communicated directly with the president.

    Additionally, elite military units, specifically the 1st Airborne Special Forces Brigade, were deployed to the National Assembly, signaling an aggressive move to suppress political opposition.

    A source said, "This martial law action appears orchestrated by the 'Chungam faction,' with (Defense) Minister Kim directly coordinating with President Yoon." The "Chungam faction" refers to those who graduated from Chungam High School in Seoul.

    Following the president's emergency briefing and martial law declaration, the military established the Martial Law Command within the Ministry of National Defense compound, appointing Army Chief of Staff Park An-su as the commander.

    Diplomatic sources noted that despite the defense minister's recommendation for martial law, no cabinet meeting was convened, leaving the prime minister and his staff uninformed.

    Opposition parties suspect that direct communication channels between the military and police were activated during the martial law declaration process.

    They believe that the Seoul Metropolitan Police Agency was engaged directly, bypassing the National Police Agency, to control access to the National Assembly.

Under martial law the National Assembly was to be suspended. Strikes were declared illegal and the media would come under censorship.

Kinda stupid move as Joe is running the White House ... 50 days on, Don would have understood 😊

Defense minister nominee rebukes rumors about gov't plan to declare martial law | The Korea Times - 2 Sept 2024 |

'Sapere aude'

by Oui (Oui) on Wed Dec 4th, 2024 at 01:39:05 PM EST
Kim Yong-hyun a former three-star Army general and an alumnus of the president's Chungam high school, joined Yoon's presidential campaign team in 2022. He is said to have played a leading role in relocating the presidential office to the Ministry of National Defense building in Yongsan and was later appointed as director of the Presidential Security Service.

When he was appointed defense minister in August this year, some opposition lawmakers raised suspicions that his appointment was part of a plot by Yoon's office involving a martial law decree.

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by Oui (Oui) on Wed Dec 4th, 2024 at 01:39:47 PM EST
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Yoon silent after martial law lifted as schedule cleared, aides resign | Korean JoongAng Daily |

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by Oui (Oui) on Thu Dec 5th, 2024 at 05:47:35 AM EST
[ Parent ]

Defense Secretary Lloyd J. Austin III and South Korean Defense Minister Kim Yong Hyun Hold Joint Media Availability

For more than 70 years, our alliance has been the foundation of peace and stability on the Korean Peninsula. Our two proud democracies share a vision of a free and open Indo-Pacific and we stand shoulder to shoulder against those who would upend the status quo. Now we're closely tracking the unprecedented level of direct military cooperation between Russia and the DPRK. In our meetings today, we shared our deep concerns about the deployment of DPRK troops to Russia.

We also discussed how we're going to work together with our allies and partners to respond to this dangerous and destabilizing escalation.

'Sapere aude'

by Oui (Oui) on Wed Dec 4th, 2024 at 01:40:59 PM EST
Statement by NATO Secretary General Mark Rutte following the North Atlantic Council briefing on the DPRK's troop deployment to Russia | Brussels - 28 Sept 2024 |

Good morning.

This morning, a delegation from the Republic of Korea, a close NATO partner, briefed the North Atlantic Council and our other Indo-Pacific partners - Australia, Japan and New Zealand - on North Korea's growing involvement in Russia's illegal war of aggression against Ukraine.

The delegation included senior representatives from the Republic of Korea's National Intelligence Service and Ministry of National Defence. Allies also shared their intelligence assessments. Today, I can confirm that North Korean troops have been sent to Russia, and that North Korean military units have been deployed to the Kursk region.

The deployment of North Korean troops represents: one, a significant escalation in the DPRK's ongoing involvement in Russia's illegal war. Two, yet another breach of UN Security Council resolutions. And three, a dangerous expansion of Russia's war.

NATO calls on Russia and the DPRK to cease these actions immediately.

The deepening military cooperation between Russia and North Korea is a threat to both the Indo-Pacific and Euro-Atlantic security. It undermines peace on the Korean Peninsula and fuels the Russian war against Ukraine. Pyongyang has already supplied Russia with millions of rounds of ammunition and ballistic missiles that are fuelling a major conflict in the heart of Europe and undermining global peace and security. In exchange, [President] Putin is providing North Korea with military technology and other support to circumvent international sanctions.

This underlines the importance of democracies standing together to uphold our values and to face our shared security challenges, but the deployment of North Korean troops to Kursk is also a sign of [President] Putin's growing desperation. Over 600,000 Russian soldiers have been killed or wounded in [President] Putin's war, and he is unable to sustain his assault to Ukraine without foreign support. This is because the Ukrainians are fighting back with courage, resilience and ingenuity.

NATO Allies will continue to support a free and democratic Ukraine, because Ukraine's security is our security. Today, we discussed the need to further strengthen military support to Ukraine. We are actively consulting within the Alliance, with Ukraine, and with our Indo-Pacific partners on these developments, and we continue to monitor the situation closely. Later today, I have scheduled calls with President Yoon of the Republic of Korea, and with Defence Minister Umerov of Ukraine.

Thank you.

North Korean troops in Europe marks turning point  Op-ed article by NATO Secretary General Mark Rutte |

Warmonger Rutte in deep sh*t ... I do not think the marriage between him and President Trump will last a calendar year ...

'Sapere aude'

by Oui (Oui) on Wed Dec 4th, 2024 at 01:43:09 PM EST
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'Sapere aude'
by Oui (Oui) on Wed Dec 4th, 2024 at 01:58:14 PM EST
[ Parent ]
Ending martial law shows S. Korea's 'commitment to rule of law': NATO

NATO chief Mark Rutte on Wednesday welcomed the swift reversal by South Korean lawmakers of President Yoon Suk Yeol's shock imposition of martial law as proof of the country's commitment to the rule of law.

"I think that the announcement of the end of martial law indicates South Korea's ongoing commitment to the rule of law," Rutte told reporters, adding "we continue to monitor the developments" in the NATO partner country. (AFP)

All-rounder Mark Rutte turns 180 degrees on his axis in a singe movement

'Sapere aude'

by Oui (Oui) on Wed Dec 4th, 2024 at 01:58:56 PM EST
[ Parent ]
Secretary Antony J. Blinken With Humeyra Pamuk of Reuters

QUESTION: Thank you very much for being with us today, Mr. Secretary.

SECRETARY BLINKEN:  Good to be with you.

QUESTION:  Let me start with South Korea.  Given the U.S. has thousands of troops in South Korea, did you really have no awareness that martial law was going to be declared until President Yoon's address?  And would you have expected to have been informed?

SECRETARY BLINKEN:  Yeah - no, that's correct.  We were not aware.  We're obviously watching this very carefully.  Very good to see that the martial law edict was withdrawn by President Yoon after the parliament voted against it.  And for us, this is one of the most critical alliances that we have anywhere in the world.  South Korean democracy, it's one of the most powerful stories anywhere in the world.  It's very important that any disputes, differences, political differences be resolved peacefully and pursuant to the rule of law.  That's what we're seeing now.  That's what's so important to sustain.

QUESTION:  You're saying you're - you welcome the rescinding of the martial law.  Does that mean that you don't think there was justification for it?

SECRETARY BLINKEN:  Look, I'm not going to get into the decisions that were made, political decisions that were made in South Korea. All I can say is as Korea's staunch ally, as a country that also believes that Korea has such an important story to tell to the world - because of the extraordinary emergence not only of a democracy but a strong, resilient democracy - we want to see that sustained because it's in our interest and it's a partnership that's critical to us, but also because of what it says to the world.  So I think it's very important how our allies resolve any internal differences.  As I said, we're watching closely, but it's good to see that the martial law declaration was rescinded and that the political process is moving pursuant to the rule of law.

QUESTION:  Have you been able to speak to your South Korean counterpart; and are you trying to talk to him, if no?

SECRETARY BLINKEN:  I haven't had an opportunity to speak to him, but we speak on a pretty regular basis just because we have so many things that we're working on together.  So I anticipate I'll be speaking over the days ahead.

QUESTION:  Final thing on this.  The fact that U.S. hasn't been informed and it didn't have an idea about this, some people interpret that as a gap in intelligence.  What do you say to that?

SECRETARY BLINKEN: Look, I - again, I can't get into the decision-making that partners make.  We are certainly not routinely informed of every decision that any partner may be making anywhere around the world at any given time.  As I said, what's important now is to see this process play out peacefully and according to the constitution and the rule of law.



'Sapere aude'
by Oui (Oui) on Thu Dec 5th, 2024 at 06:01:18 AM EST


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