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China’s Yuan Has Risen 1% So Far This Year

Written by Gary North on May 7, 2013

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. […]

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QE 3 Moves to Japan

Written by Gary North on April 4, 2013

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 […]

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Keynesians Are in Panic Mode: Another Desperation Move

Written by Gary North on March 28, 2013

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 […]

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Fears of a Popped Bubble: China’s Real Estate Boom Falters

Written by Gary North on March 4, 2013

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 […]

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Tin Price Falls. Tin Foil Hat Industry Ramps Up.

Written by Gary North on February 19, 2013

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 […]

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