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Tag Archives: trade
Will the Dollar Survive the Rise of the Yuan and the End of the Petrodollar?
Will the Dollar Survive the Rise of the Yuan and the End of the Petrodollar? This might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent monetary observers, that in 2018 the […]
Pakistan Plans Replacing Dollar With Yuan In Trade With China
Pakistan Plans Replacing Dollar With Yuan In Trade With China Pakistan is considering replacing the U.S. dollar with the Chinese yuan for bilateral trade between Pakistan and China, Pakistan’s Minister for Planning and Development Ahsan Iqbal said according to Dawn Online and The Economic Times. Interior Minister Iqbal, who has been central to the planning […]
Putin Orders End To US Dollar Trade At Russian Seaports
Putin Orders End To US Dollar Trade At Russian Seaports Whether in response to rising scorching tensions with the US, or simply to provide support for the ruble, on Tuesday Russian President Vladimir Putin instructed the government to approve legislation making the ruble the main currency of exchange at all Russian seaports by next year, […]
Venezuela Begins Publishing Oil Basket Price In Yuan
Venezuela Begins Publishing Oil Basket Price In Yuan Two days after the WSJ confirmed Maduro’s earlier threat that he would stop accepting US Dollars as payment for crude oil imports, Venezuela has done just that. As a reminder, and as we reported previously, in an effort to circumvent U.S. sanctions, Venezuela told oil traders that […]
China Slams Trump’s Trade Threat As “Unacceptable”
China Slams Trump’s Trade Threat As “Unacceptable” An angry China slammed President Trump’s threat on Monday to cut off trade with countries that deal with North Korea, as “unacceptable” and “unfair.” As a reminder, following Sunday’s nuclear test by North Korea, Trump threatened to increase economic sanctions and halt trade with any country doing business […]
China May Import Its Workers To Canada As It Seeks “Total Access” To Canadian Market
China May Import Its Workers To Canada As It Seeks “Total Access” To Canadian Market China’s ambassador to Canada, Lu Shaye, told the Globe and Mail that Beijing is seeking full access to Canada’s economy ahead of free trade talks, a move that could result in Chinese state-owned companies bringing their own employees to work […]
True Free Trade vs. ‘Free Trade Deals’: The Misappropriation of Freedom
TRUE FREE TRADE VS. ‘FREE TRADE DEALS’: THE MISAPPROPRIATION OF FREEDOM One of the most frustrating aspect of those trade negotiations that are sold as ‘Free Trade Deals’ is that they are not truly ‘Free Trade’ and, instead, they are just selective liberalisations that work to enrich particular interests, that increase the disparities between those […]
Deflation Is Blowing In On An Eastern Trade Wind
Deflation Is Blowing In On An Eastern Trade Wind Jack Delano “Lower Manhattan seen from the S.S. Coamo leaving New York.” 1941 Brexit is nowhere near the biggest challenge to western economies. And not just because it has devolved into a two-bit theater piece. Though we should not forget the value of that development: it lays bare […]
Desperately Trying to Salvage Canada-EU Trade Pact after Brexit, EU Escalates Assault on Democracy
Desperately Trying to Salvage Canada-EU Trade Pact after Brexit, EU Escalates Assault on Democracy The European Commission, it seems, will never learn. Despite the existential crisis caused by Britain’s decision to leave the EU and the serious questions being raised about the EU’s gaping lack of democratic legitimacy, the European Commission just escalated its assault […]
Trade negotiations are not necessary
Trade negotiations are not necessary From today’s Open Europe news summary: WTO CHIEF WARNS OF “COMPLEX AND DRAWN-OUT” TRADE NEGOTIATIONS AFTER BREXIT Roberto Azevêdo, Director-General of the WTO, has warned that it could take Britain decades to disentangle its trading relations with the EU and negotiate new ties with the rest of the world after Brexit. […]
Russia Frets about Risk of “Recession” in China
Russia Frets about Risk of “Recession” in China What do they see that we don’t? Russia’s economy has been shrinking five quarters in a row, though in the first quarter of 2016, it contracted at an annual rate of “only” 1.2%, after having contracted 3.7% in 2015, the longest recession in two decades. The budget […]
Trade Deals and the Environmental Crisis
Trade Deals and the Environmental Crisis With the release of leaked documents from the TTIP (Trans-Atlantic Trade and Investment Partnership) ‘trade’ deal Greenpeace framed its conclusions more diplomatically than I will: the actions of the U.S. political leadership undertaken at the behest of American corporate ‘leaders’ and their masters in the capitalist class make it among the […]
The Destabilizing Consequences of Globalization
The Destabilizing Consequences of Globalization Gordon T. Long and I discuss the failure of the status quo’s “New Normal” in a new 34-minute YouTube program. It is not possible to coherently discuss the “New Normal” economy without discussing financialization–the substitution of credit expansion and speculation for productive investments in the real economy–and its sibling: globalization. Globalization is […]
TTIP—American Economic Imperialism
TTIP—American Economic Imperialism Greenpeace has done that part of the world whose representatives are so corrupt or so stupid as to sign on to the Trans-Pacific and Trans-Atlantic “partnerships” a great service. Greenpeace secured and leaked the secret TTIP documents that Washington and global corporations are pushing on Europe. The official documents prove that my […]
Why Government Cannot Create Inflation
QUESTION: Mr. Armstrong, I have listened to the gold propaganda and believed in it initially but with time they always say the same thing and nothing happens. One would think that this helicopter money should have produced inflation. This effort has failed as Japan and Europe keep moving negative punishing people for not spending. Now it […]
