On Saturday, Dec. 1, at the end of the G-20 meeting in Buenos Aires, President Trump and his team of trade and finance advisers had dinner with President Xi Jinping of China and his team. The purpose was to discuss the ongoing trade war between China and the U.S. Trump’s team had presented the Chinese
All financial markets experience some kind of fraud and manipulation, but bitcoin trading seems to have a special knack for it. First came the “wash trades,” where miners traded the same coin back and forth at progressively higher prices to create the appearance of a rising market. Then came “painting the tape,” where a single
In the midst of stock market gyrations, revelations about Trump by Robert Mueller and former FBI Director James Comey testifying before Congress came a story that received far less attention but may be far more important in the end. This article reports that the CFO of Huawei was arrested in Vancouver, Canada, on a warrant issued by
Russia’s President Vladimir Putin has expressed his disdain for the global U.S. dollar- based payments system so many times that few are still paying attention. The problem is that every time Putin speaks, his position grows stronger from the time before. Russia is buying about 30 tons of gold per month and has increased its
I usually don’t circulate articles in which almost everything the author says is way off base, but sometimes it’s instructive to see just how wrong our most famous commentators can be. This article is written by Anatole Kaletsky, a prominent financial analyst and globalist. It was written in advance of the G-20 meeting in Buenos Aires
When I started in the U.S. government bond market in the 1980s, the Fed was about as transparent as a rock. They held no press conferences. They did not release their minutes or summaries. Official announcements about change in the fed funds target rate came after the fact and had no details. The Fed
In 2017, the financial world was filled with talk of synchronized sustainable growth in major economies for the first time since before the 2008 global financial crisis. This was being proclaimed by global financial elites including Christine Lagarde, head of the IMF. Now that vision is in ashes. Synchronized global growth has turned into a
We’ve written many articles on the move toward a “cashless society.” These articles describe how liberal academics such as Ken Rogoff and Larry Summers have campaigned for the elimination of cash and its replacement by 100% digital payments systems. This is part of a thinly veiled agenda to monitor all financial transactions, impose negative
Side by side with the bitcoin price bubble have been a series of scams designed to pump up the price to encourage unsuspecting victims to buy more crypto from unscrupulous miners. These scams include trading the same crypto back and forth at progressively higher prices to create the false impression of a price rally
I did a television interview in December 2017 at a time when the price of bitcoin was going up $1,000 per week. The interview went viral and had over 1 million likes on Facebook. On the exact day of the interview, bitcoin was around $8,000 per coin. My forecast was that bitcoin would go
