Will China Dump It’s $1.1 Trillion US Treasury Securities Position?
U.S. news reports suggest that White House officials have already considered the idea of cancelling all or part of the US$1.1 trillion debt owed to China. Karen Yeung of the South China Morning Post reports that this may be causing Chinese officials to...
Yuan Tumbles After Trump Weighs Blocking Retirement Fund Access
Having tumbled yesterday on the first set of headlines reporting on the Trump administration’s plans to seek ‘COVID reparations’ and accusations of Chinese ‘meddling’ in the US election (not in favor of Trump), the Chinese yuan legged...
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...
Trump Exploring Cutting Rate On “Middle Class” To 15% – “Tax Cut 2.0” Is Back
It’s November again, only to the Trump administration it is 2018 once more instead of 2019: after all, it was one year ago, just before the midterm elections, that the White House floated “tax cut 2.0” to boost popular support for Republicans with no...
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