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Chinese Buy Up Gold

Written by Gary North on February 2, 2012

China is importing a lot of gold. Yet China is a gold-producing nation. This indicates a large demand. Imports in November rose by over 102 kilograms. This was up from 86,000 in October. They bought it from Hong Kong. Hong Kong reported this. China doesn’t. China bought as much as 490 tons in 2011. It […]

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Asia Is Now Draining the West’s Oil Fields

Written by Gary North on January 31, 2012

The Establishment media insist that peak oil theory is a myth. This is why the following chart is not mentioned in the Establishment media. It tracks oil production. It is flat. This is global annual crude oil production in millions of barrels per day. Here is the problem the West faces. We know that Asia […]

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Why Gold Rebounded So Fast

Written by Gary North on January 31, 2012

Gold in late December was under $1540. Today, it is $200 higher. What happened? A Forbes colmnist offers suggestions. First, gold is not like other commodities. It is an alternative currency. The European crisis is accelerating. Second, hedge funds had to sell to redeem shares. Third, low interest rates help to keep ownership cheap. Alternative […]

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Hatchet Job on Apple

Written by Gary North on January 30, 2012

On the CBS TV news program, Sunday Morning, the cover story was a hatchet job on Apple. It exposed a Chinese firm that supplies with some of their products. The company’s plant is huge: over 400,000 workers. Most workers that we could see were young: twenty-somethings. They were all dressed in Western clothes: T-shirts, jeans. […]

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China’s Looming Crisis Theatens the West’s Economy

Written by Gary North on January 24, 2012

Patrick Bond gave an important speech on January 10. He is Australia. Australia is tied closely to China’s economy. Bond took part in an 11-day study tour to south and central China in December. He uses the language of the old Marxism. He and his colleagues lost the ideological war, beginning in China in 1978, […]

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The Forgotten Conspiracy That Made China Boom

Written by Gary North on January 23, 2012

China is the fastest growing large economy in history. One man’s decision did this: Deng Xioping’s decision to free up agriculture in 1978. But how did he know this would work? Because there was a test case — a kind of social laboratory. The farmers in a small village decided to secretly abandon Communism and […]

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Asian Crash Continues

Written by Gary North on December 13, 2011

The decline of China’s Hang Seng stock index continued down on Monday. The news keeps getting worse. India has been hit by the same decline. The cause is the same in both nations. Their central banks inflated, causing an economic boom. This boom created stock market bubbles. Now the booms are turning into busts. In […]

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If China Crashes, Imports Will Get Cheaper

Written by Gary North on December 9, 2011

China’s real estate bubble has popped. Rich Chinese who bought urban residential living space and are holding empty space off the market for appreciation have begun to take the inevitable bath. Most analysts expected monetary easing to start next year when inflation had subsided further. But then most China analysts were predicting a “soft landing” […]

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Asian Big Spenders Are Replacing America’s

Written by Gary North on December 6, 2011

Rich Americans still buy $65 billion a year of high-end goods, but the new markets are the emerging markets. Steuben glass went out of business last month. That magnificent, flawless, and expensive product line could no longer find a market. In Italy, it’s the same. Companies that had targeted rich buyers in Europe and the […]

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