Authored by James Rickards via The Daily Reckoning,
China is a relatively open economy; therefore it is subject to the impossible trinity.
China has also been attempting to do the impossible in recent years with predictable results.
Beginning in 2008 China pegged its exchange rate to the U.S. dollar. China also had an open capital account to allow the free exchange of yuan for dollars, and China preferred an independent monetary policy.
Despite the best efforts of our political elites to ban sodas, among other products deemed unhealthy by our growing nanny state, Americans just continue to grow ever fatter. According to a new study from the Centers for Disease Control, 40% of Americans are now obese, a new all-time record high, and over 70% are overweight. Per NBC:
Multiple neurologists and experts have told The Guardian that the mysterious 'sonic attacks' upon US diplomats in Cuba are likely just a case of mass hysteria. The extensive Guardian report is based on research and interviews with top neurologists and medical experts explaining that the likeliest explanation for the strange and inexplicable symptoms reported by US embassy staff in Cuba which have led to a breakdown in relations between the two countries has nothing to do with some kind of Cuban sonic device or high tech conspiracy.
At the same time as the US Treasury's declared Iran's powerful Islamic Revolutionary Guards Corps (IRGC) a terrorist organization as part of Trump's crackdown on the Joint Comprehensive Plan of Action, also known as Iran Nuclear Deal, a senior commander in Iran's Quds Force, the elite overseas arm of the IRGC said that his forces have "buried many" like Donald Trump, and the US President's threats against Iran will "damage" America.
"Cage-free" eggs were supposed to be the next big thing in America. Over the past several years everyone from McDonalds to Wal-Mart has promised to convert to cage-free eggs on the premise that millennial consumers would demand at least 144 square inches of space for the layers of their morning omelettes to frolic in freedom. As it turns out, Americans couldn't seem to care less whether chickens have 144 square inches of freedom or the hisotrical 67 square inches...they just want cheap eggs, hold the bullshit.