The article above talks about China’s “nuclear option” in the trade wars. That’s a reference to China’s massive holdings of U.S. Treasury securities and the possibility China could dump them on the market and drive up U.S. interest rates. The so-called nuclear option is a dud as the prior article explains. But, that does
A global trade war is now in full swing. Many nations are involved, but the chief antagonists are the U.S. and China. China set up the conditions for a trade war by unfair dumping of steel on world markets and the theft of over $1 trillion of U.S. intellectual property. President Trump fired the
Here’s Where the Next Great Crisis Originates
In every financial crisis, there is one sector that leads the way down. Usually a year before a financial crisis comes to a head, a particular sector of the capital markets falls into a distressed state. Analysts first ignore the distress as an outlier because other sectors are performing well. Once the distress becomes too
We’ve all heard for a long time about a coming collapse of confidence in the dollar and its displacement as the world’s leading reserve currency. I even wrote a book about that in 2014 called The Death of Money. Events are definitely moving in that direction, but I also make the point that the process does not
I have provided numerous links to articles warning of the coming of a cashless society. Beginning in the late 1960s the U.S. abolished the $500 bill (which featured President William McKinley). As recently as 2016, Europe abolished the 500 euro note. India abolished its two most popular forms of paper money, also in 2016. Australia
