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.
The brief encounter with a 'recovery' that China's economic data enjoyed in the first half of 2017 has evaporated as the reality of a collapsing credit impulse strikes across the board. Retail Sales, Fixed Asset Investment, and Industrial Production all missed expectations and slowed dramatically.
Tonight's bid China data dump to ignore includes:
In a move that will likely cause at least a few frowns in Beijing, Bloomberg reports that President Trump blocked a Chinese-backed buyer from acquiring chipmaker Lattice Semiconductor, not only a "personal rebuke that bodes poorly for several other Chinese buyers seeking U.S. security clearance for their acquisitions", but also a symbolic escalation of the "cold" trade war with China, hinting that the Trump administration will no longer allow China to acquire advanced US intellectual property, especially when national security may be on the line.
Authored by Eric Peters via EricPetersAutos.com,
Since they can’t sell electric cars – not enough of them, anyhow – and not without subsidies so huge they amount to outright bribes – the solution appears to be to outlaw all cars except electric cars.
This is no joke.