Paul Craig Roberts: Remarks On The US/China “Trade Deal”

Paul Craig Roberts: Remarks On The US/China “Trade Deal”

The first thing to understand is that it is not a trade deal.  It is Trump backing off his tariffs when he discovered that the tarrifs fall on US goods and American consumers, not on China.  Trump is covering his retraction by calling it a trade...
Rickards: World On Knife Edge Of Debt Crisis

Rickards: World On Knife Edge Of Debt Crisis

Herbert Stein, a prominent economist and adviser to presidents Richard Nixon and Gerald Ford, once remarked, “If something cannot go on forever, it will stop.” The fact that his remark is obvious makes it no less profound. Simple denial or wishful thinking tends to...
WHY A “CRYPTO-YUAN” WON’T THREATEN THE DOLLAR

WHY A “CRYPTO-YUAN” WON’T THREATEN THE DOLLAR

A state-owned cryptocurrency is, in itself, a contradiction in terms. The main reason why citizens want to use cryptocurrencies or gold is precisely to avoid the government or central bank monopoly of money. For a currency to be a world reserve of...