Last week’s BRIC countries summit in Brasilia witnessed the beginning of what will surely become a trend over the next few decades: BRIC coordination against the United States on important issues in international society.

US Treasury Secretary Timothy Geithner’s recent announcement that the US is postponing its official report on China’s currency is being hailed in the mainstream media as a diplomatic reprieve to entice Beijing to revalue its yuan (renminbi) and normalize bilateral trade.

The Iranian government’s plan to construct ten new uranium enrichment plants has put prospects for a diplomatic solution on life support.

The Obama administration is running out of political room to maneuver on Iran.

China and Russia's consent to the new UN Security Council resolution against Iran reflect the modest nature of the resolution and an underlying desire by both countries that Iran not aquire a nuclear deterent, rather than a more fundamental shift in geopolitical alignment.

Threats to American economic dominance and the USD continue to grow as oil producing regions talk about, and act on, abandoning USD denominated oil sales and currency pegs.