Child Abuse in China
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Continue reading →China’s Yuan Has Risen 1% So Far This Year
The Chinese currency, which is rigged, has risen 1% against the dollar this year. If it were not rigged, it would have risen far more. The Chinese central bank inflates. The Federal Reserve inflates. The Bank of Japan inflates. The European Central Bank inflates, the Bank of England inflates, the Reserve Bank of Australia inflates. [...]
Continue reading →Subsidies from Abroad: Foreign Central Banks Hold 52% of Treasury Debt
Latest reports indicate that foreigners hold 52% of marketable U.S. Treasury debt. Most of this is held by foreign central banks. Treasuries pay almost no interest. But foreign central banks have plenty of money. They create it out of nothing. Then they buy U.S. Treasury debt. Because of this, the U.S. dollar is the world’s [...]
Continue reading →Gold Has Rebounded. Here Are Reasons Why It Will Continue.
CNBC ran an article on gold that indicates that gold has hit a floor. The main reason offered is a good one: demand for gold is high in India and China. The Indians are traditional holders of gold. They respond to prices. When they perceive the price as low, they buy. The Chinese are just [...]
Continue reading →QE 3 Moves to Japan
The Bank of Japan has announced a quantitative easing (mass inflation) QE program that matches Bernanke’s: $75 billion a month in purchases of Japanese government bonds. This is just under $1 trillion a year. But Japan’s GDP is only $6 trillion — 40% the United States’ GDP. This is way beyond Bernanke. For the Bank [...]
Continue reading →Keynesians Are in Panic Mode: Another Desperation Move
The latest country to invoke panic spending is South Korea. Its economy is faltering. What is needed? A bigger deficit, of course. Then what? More central bank inflation. The central bank is expected to cut interest rates on short-term government bonds next month. All over the world, East and West, the politicians are desperate. So [...]
Continue reading →Fears of a Popped Bubble: China’s Real Estate Boom Falters
CBS News’ 60 Minutes ran a feature on China’s real estate bubble. It’s worse that anyone has heard. It has begun to pop. Today, the news is that China’s property-related shares are falling because of fears regarding this popped bubble. As must as 30% of China’s economy is housing-related. The biggest bubble in history has [...]
Continue reading →“Let’s You and Him Fight,” Japan’s Prime Minister Tells Obama.
Shinzo Abe, Japan’s Prime Minister of the month, is meeting with President Obama. This is the fifth PM from Japan that Obama has met with. It won’t be the last. Japan has a few useless islands that China is trying to get by force. Abe wants the U.S. to back Japan in keeping these islands. [...]
Continue reading →Tin Price Falls. Tin Foil Hat Industry Ramps Up.
The price of tin has fallen. Explanation: the government of China may announce measures to reduce housing speculation. If cause-and-effect here seems vague, that’s because you are not wearing a tin foil hat. There is good news: the cost of these hats will soon fall. The logic is this: China will take unnamed steps to [...]
Continue reading →Video: 30-Story Skyscraper Built in 15 Days
It’s almost all over for conventional construction. This was done 29% cheaper per square foot. Watch this for 3 minutes. This is the future.
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