‘Indeed, things are getting so difficult for Xi’s authoritarian directives…China’s economy actually fell into deflation in July, while factory-gate prices also extended declines—its debt is three times its GDP in 2022. Beijing’s consumer price index, the main gauge of inflation, fell 0.3 per cent in July, the National Bureau of Statistics of China (NBS) said, after having flatlined in June.’
It is evident that the 2024 field of candidates is double-edged. While it is incredibly crowded and diverse, it is dominated by Biden and Trump.
‘Nation-states will be reduced in their functionality, becoming of secondary importance as entities, and the principle of territorial existence will slowly dissolve into a new, boundless uniformity. To use a rather un-English term, we are going to witness the deterritorialization of the world—a world deprived of the territories of its constituents, at least if we are to believe the new utopians.’
It is quite clear that the Ukrainians would have never survived this long against the Russian aggression without the financial and military assistance of the US. Yet the Biden administration has thus far offered no strategic argument on behalf of the costs and risks, let alone what is the overall end objective of the war.
The third annual MCC Feszt in Esztergom, Hungary is expected to have 40,000 people in attendance, more than ever before. The Day1 programme featured many well-known musical acts as well as a panel a discussion about the major shifts in the state of geopolitics, with Gladden J. Pappin, Dean Karalekas, Benjamin Freidman, and Michael Hume.
‘Could Biden’s token [of shaking hands only with Orbán when arriving for the NATO group photo in Vilnius], as some experts suspect, have been an invitation to the Hungarian government to hop on board the US geopolitical bandwagon and forget the Chinese and Russian ones?’
Gergely Gulyás explained that since the previous cabinet took office in 2018, numerous changes have occurred in world politics and the economy, and the government elected in 2022 had to face completely different challenges than it did four years earlier.
‘There is also a way to deal with the world’s largest economy, for the US Dollar (USD) is not going to decline anytime soon. Those who claim that the USD is in decline often argue that for centuries, reserve currencies have risen and fallen in tandem with their home economies. As the US’ share of the global economy diminishes, economists argue, so too will the USD and its global hegemony. A fascinating yet hardly conclusive argument since there has never been a dominant global reserve currency prior to the USD. Quite the contrary, the USD is the only currency ever to have played such a pivotal role in international commerce.’
Senator James E. Risch of Idaho cited his frustration over Hungary not moving forward with approving Sweden’s NATO accession as his reason to block the $735 million arms deal. However, in the meantime, Hungary has signed a letter of intent for air force equipment acquisition with France.
According to the prime minister, the ongoing conflict contains numerous unpredictable factors. In light of this, it is crucial for the organisations and leaders responsible for Hungary’s security to remain vigilant and prepared to take action whatever the circumstances might be.
Hungarian Conservative is a quarterly magazine on contemporary political, philosophical and cultural issues from a conservative perspective.