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Tag Archives: china
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 […]
Is Peak Car Headed for Seneca’s Cliff?
Is Peak Car Headed for Seneca’s Cliff? This text follows my recent keynote at Seoul Smart Mobility International Conference. The author thanks Seoul Design Foundation and @Seoul_gov for their invitation. I also thank XuanZheng Wang, professor, China Central Academy of Fine Arts (CAFA), for alerting me to the @Mobike developments. Two hundred people per second […]
Iran Sanctions Will Help China’s Petro-Yuan
Iran Sanctions Will Help China’s Petro-Yuan In a few days, U.S. President Trump may try to re-impose sanctions on Iran, a dramatic step that could heighten tensions between the two countries. Some analysts believe the move could contribute to a much broader global economic power shift from the U.S. to China. The connection between the […]
Here is what’s holding back China’s plans for world domination
Here is what’s holding back China’s plans for world domination Australia may be the worlds largest exporter of coal, sending out 388 million tons in 2015, but China’s production of coal the same year was 3,747 million tons — nearly ten times as much, and nearly half of global coal production. But the Chinese coal […]
China’s Xi Warns Military: Be Ready For War & “Don’t Fear Death”
China’s Xi Warns Military: Be Ready For War & “Don’t Fear Death” In what is being characterized as a rare address to the world’s largest fighting force, President Xi Jinping on January 04 urged the Chinese military to be ready for war and ‘don’t fear death’. As the beat of the war drums gets louder in East Asia and […]
One Bank Asks If The PBOC Is Secretly Goosing Markets
One Bank Asks If The PBOC Is Secretly Goosing Markets Something odd is going on in China. On one hand, the PBOC has been soaking up excess liquidity from the market like a drunken sailor, and after not conducting reverse repos for 10 consecutive days, it has reduced the excess liquidity level by 510bn yuan […]
Chinese Military Rushed To North Korean Border In “Preparation For War”: Report
Chinese Military Rushed To North Korean Border In “Preparation For War”: Report A Chinese province along the border with North Korea is seeing an influx of Chinese tanks, soldiers, and military trucks, according to the DailyNK and the Daily Star. According to the same report, People’s Liberation Army (PLA) forces have been building up military […]
Momentous Change in US Natural Gas, with Global Impact
Momentous Change in US Natural Gas, with Global Impact Even China is buying U.S. LNG. In 2017, the US became a net exporter of natural gas for the first time. It started small in February, when the US exported 1 billion cubic feet more than it imported. By October, the last month for which data from […]
Behind Korea, Iran & Russia Tensions: The Lurking Financial War
Behind Korea, Iran & Russia Tensions: The Lurking Financial War What have the tensions between the US and North Korea, Iran and Russia in common? Answer: It is that they are components to a wider financial war. Russia and Iran (together with China) happen to be the three key players shaping a huge (almost half the […]
China Launches New Capital Controls: Puts $15,000 Annual Cap On Overseas ATM Withdrawals
China Launches New Capital Controls: Puts $15,000 Annual Cap On Overseas ATM Withdrawals Back in September 2015 – long before bitcoin became the “world’s biggest bubble in history”, and when it was still trading at just $200 – we explained not only that the primary purpose behind the use of the cryptocurrency was evading capital […]
2017 Year In Review
Tortoon/Shutterstock 2017 Year In Review Markets fiddle while Rome burns Every year, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. This year’s is no exception. As with past years, he has graciously selected PeakProsperity.com as the site where it will be published in full. It’s quite longer than […]
China Admits To Fake Data (Again) – Hidden Debt & Inflated Revenues
China Admits To Fake Data (Again) – Hidden Debt & Inflated Revenues It’s not the first time (and it won’t be the last), but a recent nationwide audit found some local governments inflated revenue levels and raised debt illegally, once again crushing China’s credibility on the global stage when it comes to economic performance. As […]
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 […]
WW3 Alert: US And China Preparing For ‘All Hell To Break Loose’ On Korean Peninsula
WW3 Alert: US And China Preparing For ‘All Hell To Break Loose’ On Korean Peninsula The United States and China are preparing for a situation in which all hell breaks loose on the Korean Peninsula. Both nations are taking unprecedented steps as tensions toward a nuclear war ramp up even more. The US has stepped up […]
