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As China’s Banking System Freezes, SHIBOR Tumbles To Lowest In A Decade
As China’s Banking System Freezes, SHIBOR Tumbles To Lowest In A Decade One trading day after we reported that China was “Hit By “Significant Banking Stress” as SHIBOR tumbled to recession levels, and less than a week after we warned that China’s interbank market was freezing up in the aftermath of the Baoshang Bank collapse and subsequent seizure, which […]
Bomb Bomb Bomb Iran
Bomb Bomb Bomb Iran As a nation, you’re certifiedly (is that a word?!) in deep trouble if and when Donald Trump is your most peaceloving man. But nevertheless, that is America today. It all harks back to the days when Trump was first -grudgingly and painstakingly- recognized as an actual presidential candidate. He campaigned as […]
China Hit By “Significant Banking Stress” As SHIBOR Plummets To Recession Levels
China Hit By “Significant Banking Stress” As SHIBOR Plummets To Recession Levels It’s probably not a coincidence that just days after we reported that China’s interbank market was freezing up in the aftermath of the Baoshang Bank collapse and subsequent seizure, which led to a surge in interbank repo rates and a spike in Negotiable Certificates of […]
“The Dollar Is Becoming Toxic” – Russian Intel Chief Slams “Aggressive, Unpredictable” US Behavior With the latest TIC data showing China following Russia’s lead and reducing its US Treasury exposure (to two-year lows), as it increases its gold reserves (for six straight months), the unipolar US hegemon faces an ugly trend among the ‘rest of […]
Meanwhile In China, Echoes Of Lehman As Interbank Market Freezes
Meanwhile In China, Echoes Of Lehman As Interbank Market Freezes One month ago we wrote that in the aftermath of the shocking government May 24 seizure of Baoshang Bank – not shocking because the bank failed as most Chinese banks are insolvent if left to their own devices due to the real, and far higher levels of […]
Putin, Lavrov and Xi Call for an End to MAD. Lord Russell’s Spectre Frowns
Putin, Lavrov and Xi Call for an End to MAD. Lord Russell’s Spectre Frowns The spectre of nuclear war has long hung over the world like a nightmarish sword of Damocles offering humanity much cause for despair at the dual nature of science as a beautiful source of creative power that uplifts and ennobles on […]
US, NATO Consumed by ‘Black Sea Madness’
US, NATO Consumed by ‘Black Sea Madness’ Whom the gods would destroy, Friedrich Nietzsche famously said, they first make mad. What would Nietzsche make of the current, truly mad US and NATO obsession with charging into the Black Sea? It is a useful thought to ponder. The Black Sea was far outside NATO’s traditional theater […]
The “Polar Silk Road” Could Be A Gamechanger For Natural Gas
The “Polar Silk Road” Could Be A Gamechanger For Natural Gas It’s been well over a year since the then-United States Secretary of Defense Jim Mattis accused Russia and China of being “revisionist powers” each working its way toward making a power grab on the world stage and announced that the U.S. would be shifting […]
Escalating Trade War Signals More Pain For Oil
Escalating Trade War Signals More Pain For Oil Trump backed off his proposed trade war with Mexico in the face of intense pressure from business groups and even his own party, but his faith in tariffs remains unbowed. In fact, Trump may have internalized a lesson that presents further risks to the global economy and […]
Russia, China Prepare To Dump Dollar, Agree To Bilateral Trade In National Currencies
Russia, China Prepare To Dump Dollar, Agree To Bilateral Trade In National Currencies Just one month after conducting joint military exercises, Russia and China are set to sign an agreement which would boost the use of their national currencies in bilateral and international trade in an attempt to mmove away from the current dollar-denominated financial system, […]
China’s Central Bank: “Everyone, Please Don’t Worry”
China’s Central Bank: “Everyone, Please Don’t Worry” Many unhappy returns. Thirty years ago, British ambassador Sir Alan Donald cabled home his classified report on the bloody goings-on in Tiananmen Square: “Students linked arms but were mown down. Armored personnel carriers then ran over the bodies time and time again to make, ‘pie’, and remains collected […]
The Zeitgeist Knows
The Zeitgeist Knows Who said the global economy was a permanent installation in the human condition? The head cheerleader was The New York Times’s Tom Friedman, with his 1999 book, The Lexus and the Olive Tree, the trumpet blast for the new order of things. Since then, we partied like it was 1999, with a few grand mal […]
What Does It Mean to Live in a Multipolar World? We May Be About to Find Out
What Does It Mean to Live in a Multipolar World? We May Be About to Find Out The breakdown in the Sino-U.S. trade talks has led a number of commentatorsto suggest that America’s “unipolar moment” of post-Cold War preeminence is over, as Washington lashes out against a rising China, whose economic rise threatens America’s historic dominance. […]
Beijing Threatens Damaging Rare-Earth Export Ban As Trade Fight Intensifies
Beijing Threatens Damaging Rare-Earth Export Ban As Trade Fight Intensifies Once dismissed as a “nuclear option” that would only be invoked by Beijing as a last resort in the burgeoning trade war with the US, it’s looking increasingly likely that the Communist Party might impose an export ban on rare-earth metals, creating serious supply-chain issues for American […]
American Soil Is Being Globalized: Nearly 30 Million Acres Of U.S. Farmland Is Now Owned By Foreigners
American Soil Is Being Globalized: Nearly 30 Million Acres Of U.S. Farmland Is Now Owned By Foreigners All across America, U.S. farmland is being gobbled up by foreign interests. So when we refer to “the heartland of America”, the truth is that vast stretches of that “heartland” is now owned by foreigners, and most Americans […]
