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"Sleepwalking Into An Even Worse Version Of The 1930's Depression"

"Sleepwalking Into An Even Worse Version Of The 1930's Depression"

Authored by Gail Tverberg via Our Finite World blog,

World GDP in current US dollars is in some sense the simplest world GDP calculation that a person might make. It is calculated by taking the GDP for each year for each country in the local currency (for example, yen) and converting these GDP amounts to US dollars using the then-current relativity between the local currency and the US dollar.

South Korea Warns Trump Only It Can Declare War On North

South Korea Warns Trump Only It Can Declare War On North

A day after US Joint Chiefs of Staff Chairman Joseph Dunford promised him that the US would exhaust all diplomatic options, including another round of UN sanctions, before resorting to a “military solution” in its simmering conflict with North Korea, South Korean President Moon Jae-in reminded Washington during a forceful Tuesday speech that the US would need to seek, and receive, South Korea’s consent before risking another armed conflict on the Korean peninsula, signaling his country will no longer stay quiet as tensions escalate with its northern neighbor.

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