Presidential Crimes Then And Now
Reprinted from Paul Craig Roberts, The Neoconservative Threat to World Order (Clarity Press, 2015)
Are Nixon’s and the Reagan administration’s crimes noticable on the scale of Clinton’s, George W. Bush’s, and Obama’s?
Having recently explained his "greatest investment opportunity for the next 3 to 5 years," Kyle Bass expands on his China discussions...
"Given our views on credit contraction in Asia, and in China in particular, let's say they are going to go through a banking loss cycle like we went through during the Great Financial Crisis, there's one thing that is going to happen: China is going to have to dramatically devalue its currency."
The political landscape of the world is rapidly changing thanks to the collaboration between Russia, China, and Iran who promise to create an alternative to the Western New World Order, according to journalist Carol Gould. Gould and other experts say that the convergence of these countries signifies the emergence of a new global paradigm, or a new ‘New World Order’, out of the chaos and crisis currently engulfing the West. Fort Russ reports: “What happened this weekend with the signing of the 17 trade agreements (between Iran and China.
Submitted by $hane Obata via Tha Business blog,
It seems like every day we are inundated with news out of China. Investors are already concerned. The offshore renminbi (CNH) is more international than the onshore one (CNY), which is tightly managed by the government. As such, the rising spread (CNH-CNY) between the two may be indicative of mounting skepticism about China’s economy and its markets. Likewise, capital is fleeing the country as hot money flows have accelerated:
source: @vikramreuters
When even that bastion of statist groputhink and legacy conventional wisdom accuses China of fabricating its most important economic number, then surely some violently volatile event is in the immediate future as China's goalseeked cognitive dissonance is forced to reallign with reality in an event which even the bank that does god's work on earth implies is now overdue.
From Goldman's David Kostin: