Economics

The Banking Elite Are Cannibalizing Greece an...

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When I read a tweet by Kathimerini reporter Yannis Palaiologos recalling an incident where former U.S. Ambassador to Greece David…

The World is Dedollarizing

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What if tomorrow nobody but the Unites States would use the US-dollar? Every country, or society would use their own currency for internal and international trade, their own economy-based, non-fiat currency. It could be traditional currencies or new government controlled crypto-currencies, but a country’s own sovereign money. No longer the US-dollar…

World Teetering on the Brink says Federal Res...

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“Don’t worry about the mule, just load the wagon.” – an old Southern American saying. We had an unusual double header last week with the Federal Reserve and the EU commission making two apparently uncoordinated statements, but that could not have come at a better time. I will…

To the Moon!

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Africa’s demand for water is set to rise by 300% by 2040; Plans to tow a giant iceberg could provide a year’s worth of water to Cape Town;Israel goes for desalination. These headlines spell out current concerns over climate change. But by 2007 according to Jim Hansen, who blew the whistle on global warming, world leaders had recognized that were not going to…

Railway Engineering Technologies are Helping ...

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Improving rail connectivity is one of the key priorities for African nations. The continent’s railway network is far from developed and consists of tracks built a long time ago by European colonizers or other foreign partners working on local initiatives. Train lines in the Northern…

Is Baoshang Bank China’s Lehman Brothers?

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Modern fractional reserve banking is ultimately a confidence game. If lenders or depositors are confident their bank is solvent, it stands. If confidence is broken, that historically leads to bank panics, deposit runs and domino collapse of a financial system or worse. The surprise collapse in late May of a small Inner-Mongolia Chinese bank…

US vs China: Smartphone Wars

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If Washington’s goal was to pressure and isolate China by targeting smartphone giant Huawei, it seems to have accomplished the exact opposite. In the process, the US has only accomplished in exposing its own growing weakness and unreliability as a trade partner amid a much wider, misguided and mismanaged “trade war.” While we’re only talking about smartphones…

Why is The Financial Times Smearing Thailand?

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Southeast Asia has become a defacto battleground for the wider war waged between the United States and an emerging China. The nation of Thailand, possessing the second largest economy in ASEAN and a pivotal partner for China’s Belt and Road Initiative (BRI), has just emerged from turbulent elections in which…

Did the Fed Already Decide the 2020 US Electi...

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As of beginning July 2019 prospects look positive for a re-election of Donald Trump as President in November 2020. Headline stock market and GDP figures all look positive…at the present. The huge unanswered question is whether that can be sustained until the fateful elections. We see signs already that spell potential trouble…

OBOR Initiative: Critics and New Members

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The second BRF-2019 Summit in Beijing became a landmark event that marked achievements of this infrastructure project, which, in 2016, changed its former name One Belt, One Road (OBOR) to Belt Road Initiative (BRI). The word ‘Belt’ refers to land routes, while ‘Road’ to maritime routes, the words “one, one” were removed from…

Will China Autos Trigger Next Economic Downtu...

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Sales of new cars in China, today the world’s largest automobile market, plunged a dramatic 16.4% in May, making the worst month in the history of the relatively new China auto industry. According to the China Association of Automobile Manufacturers (CAAM), the disastrous May sales came after declines of 14.6% in April and 5.2%…

What direction is China’s OBOR Initiative Mov...

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Discussions, meetings and banquets at the 2019 Belt and Road Forum in Beijing have finally come to an end. More than 150 delegates attended this event. What can we discern about this project at this stage? Have any new sceptics, opponents or proponents of China’s global initiative, which celebrated…


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