By Stephen Kinzer REAL ENEMIES ARE a threat to any country, but imagined enemies can be even more dangerous. They sap resources, provoke needless conflicts, and divert attention from true challenges. The United States has constructed such a fantasy by turning Russia into an enemy. Our current campaign against Russia was set off by what […]
Deal is China’s first contract for high-speed Line in U.S. A China Railway Group-led consortium and XpressWest Enterprises LLC will form a joint venture to build a high-speed railway linking Las Vegas and Los Angeles, the first Chinese-made bullet-train project in the U.S. Construction of the 370-kilometer (230-mile) Southwest Rail Network will begin as soon […]
Zhou Xiaochuan, governor of China’s central bank, told a meeting of Group of 20 finance ministers in Ankara that a stock-market bubble in his country had “burst,” according to Japan’s Taro Aso. Another official present at the talks said China had presented the country’s situation as a new normal. “It wasn’t enough,” Aso told reporters. […]
Paul Craig Roberts In The Matrix in which Americans live, nothing is ever their fault. For example, the current decline in the US stock market is not because years of excessive liquidity supplied by the Federal Reserve have created a bubble so overblown that a mere six stocks, some of which have no earnings commensurate […]
By Tim Dunkin Once again, Donald Trump has managed to open up a robust national discussion about an issue that up to this point had been largely ignored by the political class. This time, the discussion is about so-called “birthright citizenship,” the idea that whenever a foreign national (regardless of legal status and with a […]
China is heavily promoting Shanghai’s role sheltering European Jews from the genocidal Nazis as part of its commemorations for the 70th anniversary of the defeat of Japan, which will culminate in a huge military parade. As the “port of last resort,” China’s commercial hub provided a home to tens of thousands of Jewish refugees who fled persecution and eventually genocide in Europe during the 1930s […]
The liberal mainstream media peddled the delusion that the unfolding economic crash was merely a short term “correction. Even as late as last week, news outlets like CNBC were urging viewers to invest in the stock market, ludicrously suggesting that the market was simply having a “dull year” and that this would be “good for […]
Alarm bells rang across world markets today as a 9 percent dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors fearing a Chinese “hard landing”. State media has called it China’s “Black Monday” Words such as ‘bloodbath’ have been used as stock markets in London, Paris and Frankfurt […]
By Michael Snyder Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over […]
This graphic originally appeared at Visual Capitalist Two weeks ago, Visualcapitalist published a post showing the world economy in one visualization. In the corresponding comments section, a user asked us if we could put together a similar visualization but instead honing in on world debt. Today’s visualization breaks down $59.7 trillion of world debt by country, as well as […]
