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A “Wave of Bankruptcies” About To Hit Coal Industry
A “Wave of Bankruptcies” About To Hit Coal Industry The future for the coal industry is looking “increasingly bleak,” according to an investor’s note from Macquarie Research. The analysis firm also said that “a wave of bankruptcies” appear to be just over the horizon as coal mining companies deal with mounting debt and a shrinking market. […]
Just as Global Oil Glut Deepens, China Cuts Oil Imports
Just as Global Oil Glut Deepens, China Cuts Oil Imports “We don’t want to lose our share in the market,” Kuwait Oil Minister Ali al-Omair said on Thursday. OPEC had to maintain production despite the plunge in price since last summer, he said, underscoring Saudi Arabia’s position. OPEC would not cut production to goose prices. […]
How Putin can win global economic war against Russia
How Putin can win global economic war against Russia What are the objectives of the global economic war against Russia? Will the West disconnect Russia from SWIFT? Will Europe and the USA impose more sanctions on Russia? What’s happening to the oil prices? Will Syrian President Bashar Assad surrender? Pravda.Ru asked these and other questions in […]
Cracks In Washington’s Empire
Cracks In Washington’s Empire Washington’s EU vassals might be finding their backbone. Britain, Germany, France, and Italy are reported to have defied Washington’s orders and applied to join the Chinese-led Asian Investment Bank. Australia, Japan, South Korea, Switzerland and Luxembourg might also join. Washington uses its development banks such as the Asian Development Bank, the […]
Economy Finally Reaches “Escape Velocity,” Heads South
Economy Finally Reaches “Escape Velocity,” Heads South It’s hard to measure the growth rate of a vast, complex economy with just one number, accurately, and on a timely basis. The Chinese found an ingenious solution. They decree the growth rate and announce it in advance, and that’s about what the number says when it comes out. It’s faster […]
Plan B? Major European “Allies” Desert Obama, Join China-led Infrastructure Bank
Plan B? Major European “Allies” Desert Obama, Join China-led Infrastructure Bank It appears the sea of de-dollarization has reached the shores of Europe. With Australia and UK having already moved in the direction of joining the China-led AIIB, The FT reports that France, Germany, and Italy have now all agreed to join the development bank as ‘pivot to Asia’ appears to […]
Is China Exporting Its Pollution?
Is China Exporting Its Pollution? China is in the midst of a historic transformation, and the surprising progress the country has made at energy efficiency has raised hopes that the world may get a grip on global greenhouse gas emissions much sooner than expected. As a result of the progress China is making in cleaning […]
Why The Dollar Is Rising As The Global Monetary Bubble Craters
Why The Dollar Is Rising As The Global Monetary Bubble Craters Contra Corner is not about investment advice, but its unstinting critique of the current malignant monetary regime does not merely imply that the Wall Street casino is a dangerous place for your money. No, it screams get out of harms’ way. Now! Yet I am […]
China Is A Monumental Economic Trainwreck—–The Evidence Is Mounting Rapidly
China Is A Monumental Economic Trainwreck—–The Evidence Is Mounting Rapidly How Fast is China Growing? Analyst estimates of Chinese growth keep getting lower and lower. Yet, those declining estimates have all been from a lofty level: From 10% to 9%, to 8% to 7.5%. China’s growth target for 2015 is 7.0%. Many question those growth […]
China Completes SWIFT Alternative, May Launch “De-Dollarization Axis” As Soon As September
China Completes SWIFT Alternative, May Launch “De-Dollarization Axis” As Soon As September One of the recurring threats used by the western nations in their cold (and increasingly more hot) war with Russia, is that Putin’s regime may be locked out of all international monetary transactions when Moscow is disconnected from the EU-based global currency messaging […]
Perennial Rice: In Search of a Greener, Hardier Staple Crop
Perennial Rice: In Search of a Greener, Hardier Staple Crop Ten thousand years ago, China’s ancient inhabitants harvested the grains of wild rice, a perennial grass growing up to 15 feet tall in bogs and streams. The grains were small and red, maturing in waves and often shattering into the water. Their descendants transformed that grain […]
Crazed Washington Drives the World to the Final War
Crazed Washington Drives the World to the Final War John Pilger is the kind of well-informed, hard-hitting journalist with gobs of integrity that no longer exists in the Western mainstream media. He has the most distinguished career of all in the business. In the article below he brings stunning information to one of my own […]
And It’s Gone! After 3 Days, Beijing Bans Discussion Of Viral China Smog Documentary
And It’s Gone! After 3 Days, Beijing Bans Discussion Of Viral China Smog Documentary Just 3 days after “Under The Dome” went massively viral (152 million views on China’s Tencent alone), exposing the reality of China’s disastrous pollution in an in-depth 104-minute documentary, The FT reports Chinese censors have moved to tamp down discussion domestically. We had […]
A Day In The Life Of A Falling BRIC
A Day In The Life Of A Falling BRIC It’s not that long ago, in 2001, that Jim O’Neill, then still with Goldman Sachs, coined the term BRICs, for the fast emerging markets of Brazil, Russia, India and China. O’Neill saw a global power shift from the west to these four nations happening. Fast forward […]
This Is The Chinese Documentary That Got Over 30 Million Views In One Day
This Is The Chinese Documentary That Got Over 30 Million Views In One Day While the citizenry of America remains transfixed by the ever-changing color of some Scottish wedding dress; this weekend saw an even more massively viral social media phenomenon as tens of millions of Chinese watched, gripped and outraged, a 104-minute video entitled “Under […]
