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India’s Anti-Cash Modi Liberates the Rest of Us

Written by Gary North on December 10, 2016

modi

India’s Prime Minister Narendra Modi is just another political hack. Like politicians in general, he does not understand economics. He does not understand the law of unanticipated consequences. He does not understand that government is dumb. On November 8, he unilaterally and without warning declared the two highest value paper currency units obsolete: the 500-rupee […]

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Video: China’s Forced Organ Harvesting

Written by Gary North on July 9, 2016

Here is a story that deserves more attention. The estimate: 100,000 people a year “donate” their vital organs. Then they lose vitality, such as heartbeats. They don’t get paid. This is Communism. People do this for the sake of the cause, it says here. There is a book on this: Bloody Harvest. It was published […]

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China’s Richest Man Loses $32 Billion — $14B in One Hour

Posted on May 21, 2016

li-hejun

By David Stockman A Chinese billionaire goes missing practically every day, as a recent Washington Post article explained: That’s what happened last year when China’s richest man — at least on paper — lost half of his wealth in less than half an hour. It turned out that his company Hanergy may well just be […]

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American Capital: China-Bound

Written by Gary North on June 20, 2015

entrepreneurial-vision

I return to a theme that apparently only I ever talk about: the economic meaning of the phrase, “international capital flows.” You may think I’m exaggerating. You may think that what I am about to write is widely understood. You would be wrong. Either I’m dead wrong about what I’m saying, or virtually the entire […]

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IOU’s: China Buys Treasury Debt

Written by Gary North on May 16, 2015

treasury-bond

China, meaning China’s central bank — the People’s Bank of China — started buying Treasury IOU’s again in March. It purchased $36 billion worth. It now holds over $1.2 trillion in Treasury IOU’s. China has now leaped ahead of Japan as the #1 foreign holder of U.S. government debt. Add Hong Kong to this: another […]

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