Authored by Doug Bandow via The National Interest,
Three decades ago the People’s Republic of China was an economic backwater. Today the PRC sports the world’s second-largest economy. Shanghai most dramatically illustrates the country’s transformation. The city is filled with stylish office buildings, five-star hotels, luxury stores and foreign visitors.
S&P futures were fractionally lower from yesterday's record high as European stocks declined and Asian stocks were mixed, pressured by yesterday's 5% plunge in crude after OPEC unexpectedly "failed to surprise" markets, and announced the bare minimum supply cut extension that was expected by oil traders, who in turn puked long positions.
Submitted by Jeff Thomas via SWPCayman.com,
"If your gold is outside the US, it gives you another degree of insulation should the United States decide that you shouldn’t own it — it's not a reportable asset." - Doug Casey, May 2017
By Chris at www.CapitalistExploits.at
Well done!
To the Donald...
Too true Donald. These guys are filthy rich. In fact, if Justin Bieber lived out there, they'd put him on income support.
Fighting words those. Bow wow, woof, woof. Grrrr!
Social-media company Foursquare has crunched the data generated by its 50 million active monthly users and determined that America’s share of the international tourism market has fallen sharply since October.
According to data published on the company’s blog, visits by foreigners to the U.S. started to decline in October, when they fell by 6% year-over-year. The decline has continued through March 2017, the latest month for which Foursquare has data, when visits declined by an astounding 16%.