With the US decision to impose added tariffs on more than $300 billion of China trade, and the US Treasury declaring China a “currency manipulator”, global financial markets have reacted with sharp selling. The question is whether this is the beginning of a genuine currency war that will trigger a new Financial Tsunami as bad…
With sanctions re-imposed on Iran’s oil exports last year and recently applied in part to its petrochemicals exports as well, the U.S. is now looking to roll out the next phase of its sanctions plan against the Islamic Republic. This is to gradually employ increasingly tight sanctions on Iran’s gas sector, whilst ensuring that Europe’s…
The Impending Crisis At one time, specifically during the post-World War 2 Bretton Woods era, it looked like as if the capitalist model could be indefinitely sustainable and avoid plunging the world into major world conflicts. That era began to come to an end during the stagflation crisis of the 1970s, and came to a…
With the dramatic failure of the Rep. Alexandria Ocasio-Cortez’s Green New Deal and NASA’s incredible revelations that industrial growth has increased biodiversity on the earth, a powerful paradox has presented itself. For decades we have been told that humanity’s industrial activity is the direct cause of global warming and trillions of dollars have been directed…
Probably the single most important political fact about the modern world has been the steady rise of the United States of America. From a geopolitical point of view, the United States really is in a class of its own. While the Soviet Union might have rivaled the U.S. militarily, and while China and the European…
I continue to wonder who Bank of Russia President Elvira Nabuillina works for. Seriously. On Friday, in response to solid growth in Russian economic statistics over the past few months, Nabuillina again raised interest rates 0.25%. She still adheres to idiotic IMF-style ‘inflation targeting’ dogma. Price inflation in Russia finally got off the roughly 2.5%…
