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China Vows To “Firmly Attack” Trump Tariffs “To The End At Any Cost”
China Vows To “Firmly Attack” Trump Tariffs “To The End At Any Cost” China has responded to President Trump’s calls for an additional $100 billion in tariffs, saying that it would counter U.S. protectionism “to the end, and at any cost.” “The Chinese side will follow suit to the end and at any cost, and […]
War Deaths, and Taxes
War Deaths, and Taxes Are the federal taxes coming out of your wages and due this week killing you? Sadly what’s rhetorical for US tax payers is gravely literal for people of eight countries currently on the shooting end of the US budget. This year at least 47% of federal income taxes goes to the […]
China Declares Trade War Victory: Gloats At US “Suffering” After “Crushing Counterattack”
China Declares Trade War Victory: Gloats At US “Suffering” After “Crushing Counterattack” Barely a day after China dropped the hammer on US stock markets by unveiling retaliatory tariffs on $50 billion in US imports that – unlike US measures that mostly targeted obscure industrial products – actually struck at key industries like soybean farmers, automobiles […]
Trade War Looms Over Oil Markets
Trade War Looms Over Oil Markets Oil prices, along with equities across the board, were dragged down on Monday over fears of a brewing trade war. China announced $3 billion of tariffs on U.S. goods, including pork and recycled aluminum. The move came as a retaliation to the Trump administration’s 25 percent tariff on steel […]
Stocks Post WORST April Start Since The Great Depression
Stocks Post WORST April Start Since The Great Depression The S&P 500 closed down more than 2.4% Monday and the broad market index posted its worst April start since 1929. This slide in the markets caused the worst start since the Great Depression, sparking fears we are on the same path. The Dow Jones industrial average fell […]
Dow Plunges 600, Global Markets Tank After China Retaliates In All-Out Trade War
Dow Plunges 600, Global Markets Tank After China Retaliates In All-Out Trade War So much for yesterday’s Amazon bounce. Just before 4AM EDT, a Bloomberg headline hit which has not only unleashed a furious global selling wave, sending the S&P lower by nearly 2% and the Dow 600 lower, but may have changed the course […]
Mass Deception and the Prelude to World War
Mass Deception and the Prelude to World War In Libya, NATO bombed a path to Tripoli to help its proxy forces on the ground oust Gaddafi. Tens of thousands lost their lives and that country’s social fabric and infrastructure now lies in ruins. Gaddafi was murdered and his plans to assert African independence and undermine […]
The Coming Crisis with Iran
The Coming Crisis with Iran Photo by DAVID HOLT | CC BY 2.0 With the appointments of Mike Pompeo as secretary of state and John Bolton as national security adviser, Donald Trump has signaled his preparedness by the May 12deadline to withdraw from the Iran nuclear deal and ramp up pressure on North Korea if it […]
All-Out Trade War: China Strikes Back With 25% Tariffs On $50BN Of US Imports
All-Out Trade War: China Strikes Back With 25% Tariffs On $50BN Of US Imports Beijing wasted no time in striking back at Washington’s latest round of tariffs on Chinese imports by announcing a new list of US products that would be subject to punitive action, as the world’s two largest economies edge ever closer towards […]
China Vows Retaliation With “Same Scale, Intensity” To Any New US Tariffs
China Vows Retaliation With “Same Scale, Intensity” To Any New US Tariffs Trump’s aggressive trade war overtures and China’s initial retaliatory moves have spooked Wall Street over the past week and again on Monday, which helped drive down the Dow Jones by 459 points, with the Nasdaq Composite quickly approaching correction territory. And as the mass […]
A Dangerous Crossroads: What’s in Store for the Relations Between Russia and the West?
A Dangerous Crossroads: What’s in Store for the Relations Between Russia and the West? No, it’s not a return to George Kennan and his containment policy. It looks more like a slow strangulation, with mounting pressure everywhere. The furor over the Skripal poisoning case is being raised at a time when moves by the West are […]
Dollar Hegemony – Real or Sophistry?
Dollar Hegemony – Real or Sophistry? QUESTION: Mr. Armstrong; I really wish I found you sooner. A friend of mine has been telling me to listen. He bought the Dow at 17,000 and sold it 26,000 on your advice. He paid off his house and has told me – see, I told you so. I […]
How the Cult of the Colossal Imperils American Agriculture
How the Cult of the Colossal Imperils American Agriculture Stressed-out farmers today only grow food for global consumption, and that is leading to a crisis at home. Jurga Jot/Shutterstock The 2018 farm bill is currently at a standstill as congressmen debate proposed changes to the bill’s SNAP (Supplemental Nutrition Assistance Program) provisions. SNAP is a […]
The Problem with EIA Shale Gas and Tight Oil Forecasts
The Problem with EIA Shale Gas and Tight Oil Forecasts Each year the U.S. Energy Information Administration (EIA) produces forecasts of U.S. oil and gas production in its Annual Energy Outlook (AEO), which is widely viewed as an authoritative assessment of what to expect for future U.S. oil and gas output (the EIA prefers the […]
U.S. and Russia Making Preparations for World War III
U.S. and Russia Making Preparations for World War III The anti-neoconservative Colonel Lawrence Wilkerson, who had been the chief aide to U.S. Secretary of State Colin Powell and had opposed America’s invading Iraq, spoke on March 2nd explaining how the U.S. and Russia are drifting ever-more-rapidly into World War III. He said it’s essentially the […]
