By Pepe Escobar
Nov. 7, 2014
Asia Times Online.com

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Fresh out of his latest Congressional election shellacking delivered by the minority who bothered to vote in the United States, the formerly most powerful leader in the world, US President Barack Obama, will star in a thriller this weekend, appearing in the same room with China’s Xi Jinping, Japan’s Shinzo Abe and – fasten your seat belts – Russia’s Vladimir Putin.

What a drag – the Bomber-In-Chief must be musing. The global economy is mostly a disaster. China, even growing at “only” 7% a year, keeps eroding his “indispensable nation” aura. Japan has decided to copy the Federal Reserve and embark on its own kamikaze version of quantitative easing. Numerous Southeast Asian nations keep freaking out about a few rocks in the South China Sea.

And last but not least, Obama’s nemesis, pesky Vlad “the Hammer” Putin, has just been crowned Most Powerful Leader in the world – even if for the most stupid reasons (“unpredictable” head of a “rogue state”) [1] – while he, the Nobel Peace Prize leader of the exceptionalist, indispensable nation, is now nothing but a pitiful lame duck.

The get-together, extended to Monday and Tuesday, will be the highlight of the Asia-Pacific Economic Cooperation (APEC) summit in Beijing – actually, outside of Beijing, so presumably unpolluted blue skies may also have a chance at the photo op. This is APEC’s 25th birthday. And the 20th birthday of the Indonesian summit in Bogor – I happened to be there – which, under Bill Clinton’s flowery charm, set the 21-member APEC nations a goal of “free” and open trade and investment by 2020. “Free” as in US corporations dictating the rules, of course.

What the whole planet really wants to know about APEC is whether The Lame Duck with meet The Bear face to face, one on one. The White House remains mum. The Kremlin did not rule it out. Well, there’s always Plan B: the Group of 20 summit on November 15-16 in Brisbane, Australia.

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