China, Russia Alliance Deepens Against American Overstretch

China, Russia Alliance Deepens Against American Overstretch by Mark O’Byrne – Gold Core

– China and Russia allied on Syria and North Korea
– Beijing & Moscow economic & monetary ties deepen
– Trump needs Russia in order to maintain balance of power in superpower triumvirate
– Sino-Russian relations currently in their “best time in history” says Chinese President ahead of G20

– China, Russia call for calm diplomacy on Syria, Korea
– China, Russia “fed up with Washington’s pursuit of hegemony”
– US is “biggest source of global strategic risks” according to China state media
– Important calm and diplomacy prevails to prevent nuclear war

‘Trump and Putin meet for the first time and the handshake wasn’t what you expected!’ read the headline on my in-flight entertainment newsfeed, on Friday afternoon.

I’m not sure what the Mirror website thought I was expecting the handshake between the US and Russian leader to be like, but by all accounts it was a relatively normal handshake given it was no doubt the most important diplomatic meeting of 2017.

The handshake between the US and Russian Presidents was always going to be newsworthy, no matter who was in power but not since the Cold War have the stakes been so high in a meeting between the two leaders.

The meeting was scheduled for 30 minutes, but went on for more than 2 hours. Both men continuously praising one another. One of the outcomes of the meeting was an announcement by Trump that the two countries would work together on cybersecurity.

This prompted much derision from senior politicians, Republican Senator Lindsey Graham said: “It’s not the dumbest idea I’ve ever heard, but it’s pretty close.”

The decision to work with Russia was described as a ‘significant’ accomplishment’ by Treasury Secretary Steve Mnuchin. Then, in classic Trump-style, the US president backtracked on the proposal to work with Russia tweeting “The fact that President Putin and I discussed a cybersecurity unit doesn’t mean I think it can happen. It can’t.”

This move by Trump is not uncommon. He has seemingly flip-flopped since his election campaign on working alongside or against the world’s two other superpowers, Russia and China. When it comes to Russia, Trump’s less-than-slick management of his special White House advisory team has meant that the US President has not got far with Putin.

Last week a UN report stated that nationalism, protectionism and attitudes of “my country first” posed threats to the United Nation’s global goals. It seems that now more than ever Trump must get relations with the super powers, onto an even keel.

Trump is aware that the US has similar issues with Russia and that it must get Putin on side to a degree or at least neutral in order to confront the more powerful China. The US needs to work with President Xi Jinping on globally important matters such as North Korea. But there are elephants in the room which also must be confronted, namely currency manipulation, trade, climate change and deepening tensions in the South China Sea.

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Mark O'Byrne

I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is prudent. I have been an Executive Director in GoldCore since its foundation and today I am Marketing and Research Director. As our customer base grew both domestically and internationally we were receiving a steady stream of requests from our clients and wider public for detailed analysis of the precious metals market. To meet this demand, I stepped into the Research Director’s role and am responsible for helping to inform and educate our clients and followers on how to protect and grow their wealth through owning gold and silver bullion.