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Experts Warn Of Chaos For The U.S. Economy As China Declares That “The Biggest Trade War In Economic History” Has Begun
Experts Warn Of Chaos For The U.S. Economy As China Declares That “The Biggest Trade War In Economic History” Has Begun Nothing is going to be the same after this. On Friday, the United States hit China with 34 billion dollars in tariffs, and China immediately responded with similar tariffs. If it stopped there, this […]
US, Iran Clash in Hormuz Strait: Not an Improbable Scenario
US, Iran Clash in Hormuz Strait: Not an Improbable Scenario The US remains adamant in its desire to cut Iran’s oil exports to zero, even if it hurts importing countries. America’s secondary sanctions on firms dealing with Iran would “snap back” on August 6 for trade in cars and metals and on November 4 for oil and […]
China Threatened By “Vicious Circle Of Panic Selling” From Marketwide Margin Call
China Threatened By “Vicious Circle Of Panic Selling” From Marketwide Margin Call Two weeks ago, when commenting on the PBOC’s latest required reserve ratio cut, we pointed out that one of the more prominent risks facing the Chinese stock market, and potentially explaining why the Shanghai Composite simply can’t catch a bid during the recent […]
Leaked Chinese Memo Warns Of “Thucydides Trap” With US, “War Is Unavoidable”
Leaked Chinese Memo Warns Of “Thucydides Trap” With US, “War Is Unavoidable” A series of leaked internal documents reveal that China’s military reforms are aimed at allowing Beijing to “manage a crisis, contain a conflict, win a war” and overtake the United States in military strength, according to the Express. The leaked documents were published by […]
US vs. China–Is it ‘Art of the Deal’ or Economic Warfare?
US VS CHINA – IS IT ‘ART OF THE DEAL’ OR ECONOMIC WARFARE? If monetary tightening remains the main risk for global stock markets, the threat of a trade war continues to dominate the headlines.THE DONALD’S DEALMAKING Some of those in Washington pushing this policy view China as some kind of strategic rival for global […]
US Dollar Hegemony Tripped Up by Chinese Renminbi?
US Dollar Hegemony Tripped Up by Chinese Renminbi? Um, no. Central banks not enthusiastic about the renminbi. Global central banks are not dumping US-dollar-denominated assets from their foreign exchange reserves. They’re not dumping euro-denominated assets either. And they remain leery of the Chinese renminbi – despite China’s place as the second largest economy in the […]
Turkey and India Have Leverage in Trump’s Iran Sanction War
Turkey and India Have Leverage in Trump’s Iran Sanction War Both India and Turkey have said they will defy President Trump’s call for them to stop buying Iranian oil once the U.S. reapplies sanctions in November. That isn’t really news. Both of them defied the Obama administration in 2012, albeit in different way. Turkey changed its […]
Has the PBoC deliberately weakened CNY as part of the trade war?
Has the PBoC deliberately weakened CNY as part of the trade war? It has been another trade war week, as the market has been looking for clues on the Chinese retaliation measures against the Trump tariffs that are planned to go live on 6 July. Global trade momentum started to weaken even before the trade […]
News Not to Miss: Oil Train Spill, China Petrochemical Deal, Methane Leaks
News Not to Miss: Oil Train Spill, China Petrochemical Deal, Methane Leaks It’s hard to keep up with the flood of news these days. Here’s your weekly round-up of news not to miss from DeSmog. Justin Mikulka has been on the oil train beat for years. He’s documented how the oil boom and pipeline bottleneck in the […]
China Has Quietly Implemented A 6% Across The Board ‘Tariff’ On All US Imports
China Has Quietly Implemented A 6% Across The Board ‘Tariff’ On All US Imports Trump and Xi have spent much of the last few weeks tossing tariff grenades across the Pacific Ocean as retaliatory retaliations grow ever stronger in rhetoric and potential escalations. Then this week, Trump seemed to back away from his most serious […]
China Using Bird Drones To Spy On Border Muslims
China Using Bird Drones To Spy On Border Muslims Over 30 Chinese military and government agencies have been using robotic bird drones to spy on the population – particularly in the Xinjiang Uygur autonomous region which borders several countries and has a large Muslim population, reports the South China Morning Post. One part of the country […]
Leaked Note By Chinese Think Tank Warns Of Potential “Financial Panic”
Leaked Note By Chinese Think Tank Warns Of Potential “Financial Panic” It’s not just Trump who is concerned about the level of the S&P as a result of escalating trade war with China: it appears that China is growing worried as well, and for good reason – as we noted earlier, the Shanghai Composite already […]
The West Line Is Telling Us Where We Are Headed
The West Line Is Telling Us Where We Are Headed The west line theory states that the shipping center of the world moves in a westward direction slowly over the centuries. It started in the mid east and has moved west through the Mediterranean, Europe, North America and now sits over Asia. A shipping center usually […]
EU Globalists and Chinese Communists Team Up To Protect NWO
EU Globalists and Chinese Communists Team Up To Protect NWO On Monday, European Union leaders announced that officials from the EU and China were coming together to strengthen and protect their international trade relations from Trump’s “America First” agenda. Jyrki Katainen (shown, left), the vice-president of the EU’s ruling and unelected European Commission, said during […]
U.S. Gold Exports to London Surge
U.S. GOLD EXPORTS TO LONDON SURGE As U.S. gold exports to Hong Kong and China fell 25% in the first four months of the year, London picked up the slack. According to the USGS, U.S. gold exports to London surged more than doubled from January to April, compared to the same period last year. Interestingly, […]
