Tariffs, counter-tariffs and headlines about trade wars are flowing like wine as the long-anticipated Trump campaign against China is finally shaping up. Given that futures are tumbling, the US trade deficit has just hit a decade low, and, oh yeah, we haven't seen...
Results for "bill still"
The Petroyuan Was Born This Week. Here’s What It Means.
It has been promised for 25 years. Its coming has been heralded as a world-changing event. It has launched a thousand headlines in the last few months. And it happened this week. But if you blinked you would have missed it. What am I talking about? Why, the launch of...
America, China, and the Battle for the “Indo-Pacific”
Goodbye, Asia-Pacific! Hello, Indo-Pacific? That's right, the old "Asia-Pacific" label is so last decade, guys. It's time to start calling that part of the globe the "Indo-Pacific." Who cares if it's geographically nonsensical? America's military planners and their...
Venezuela’s New Cryptocurrency Is A Scam
A perfectly predictable thing happened when the Great Oil Price Plunge of 2014 pulled the rug out from Venezuela's oilconomy: Foreign creditors stopped lending to Venezuela, the debt-saddled government devalued the currency to cover budget deficits, inflation spiraled...
Episode 331 – Why Economists Are Always Wrong
The state of affairs in economics is not just embarrassing, it's downright perplexing. Economics is a science, right? It must follow some ironclad laws of the physical universe then, mustn't it? But somehow we always end up asking the same question: Why Are Economists...
Down With The Ship: Meet Jay Powell, the New Fed Chairman
Paul Volcker began his term as chairman of the Federal Reserve Board of Governors in August of 1979. In October, the S&P 500 index dropped 11% on its way to a 20% drop in 1980. Alan Greenspan was sworn in as Fed chairman in August 1987. On October 19, 1987, the...
Episode 328 – The Bitcoin Psyop
Yes, the blockchain is truly revolutionary. Yes, bitcoin is Tulipmania 2.0. Yes, cryptocurrency is a nail in the coffin of the bankster parasites. Yes, digital currency is a tool of the totalitarian tyrants. No, these statements are not contradictory. But don’t worry...
Episode 327 – How To Engineer A Crisis
Are you a dictator in need of public support for your latest draconian clampdown on dissent? Or a deep state plotter hoping to topple a foreign government who doesn't comply with your every wish? A low-level Machiavellian schemer looking for the ultimate trick for...