Kyle Bass’s Hayman Capital has been having a rough year thanks to its widely publicized bet against China’s currency, which has more than reversed its 2016 decline – its largest annual drop since 1994 - as the People’s Bank of China has cracked down on potentially destabilizing capital outflows.
Following Treasury Secretary Mnuchin's threat that the US could impose economic sanctions on China if it does not implement the new sanctions regime against North Korea:
"If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system, and that’s quite meaningful."
It's official: China's sharing economy has reached its peak.
After shared workout pods, stools luxury cars, and, of course, bicycles, Shanghaist reports that a Beijing-based startup now has come up with a "mesmerizingly grotesque" idea: what if people could rent sex dolls through an app and return them after a period of time so that other silicone slammers could take advantage of the very same product?
And no, sadly this is not a joke.
Authored by John Rubino via DollarCollapse.com,
For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar.
China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.
These were challenges to the dollar’s dominance, but they weren’t mortal threats.
Authored by Paul Craig Roberts,
Two of America’s most populous states, Texas and Florida, are in hurricane ruins, and Washington is fomenting more wars.
The US national debt is now over $20 trillion, and Washington is fomenting more wars.