• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

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A Very Bearish Stanley Druckenmiller Blows Up At The Fed; Reveals His Biggest "Currency" Position

If anyone had wondered if Stanley Druckenmiller's recent bearishness had dissipated, or transformed into at least modest bullishness as a result of the market meltup, we have bad news.


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China Warns 'Will Respond To Trump Presidency'

Speaking through its mouthpiece Global Times, China has published its first reaction to "unpredictable" Trump's position as presumptive Republican nominee and their expectations of a Trump vs Clinton fight for The White House... "This scenario is becoming increasingly serious..."


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Hillary Seeks Funds To "Save The World From Donald Trump"

"I don't know how else to say it: The whole world is counting on us to win this thing. And we owe it to them to step up..."


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TTIP - American Economic Imperialism Exposed

All of the blather about free trade and tariff reduction is mere cover for the only purpose of TTIP, which is to establish American economic imperialism over the peoples whose governments sold them out for money.


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Spot The Odd Car Maker Out


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Peter Schiff: How Trump Can Make America Great Again

Instead of criticizing Trump for his misguided advocacy of tariffs as a panacea, we should at least give him credit for recognizing a serious problem that so many others ignore. The real criticism should be directed at those who would allow America to continue down this self-destructive path.


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Air Freight Volumes Across Largest Global Market Tumble 15% In First Quarter

Yes, everyone knows the recent global trade deterioration it is the result of major economic problems in China which have depressed Asian trade with North America, but we doubt anyone knew just how bad it was. According to IATA, the latest available data by route show that air freight volumes across the Pacific – the largest market in terms of air freight tonne kilometres (FTKs) – were almost 15% lower during the start of this year compared to the same period in 2015.


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One Man (Who Is Not A Fan Of Trump) Explains Why Trump Winning Is Good For Democracy

Irrespective of what you think of Trump, his continued survival in the Presidential circus is undoubtably good. Not because he’s some sort of savior who will “Make America Great Again,” but because he’s bringing up issues he’s not supposed to bring up. At the end of the day, it’s not the actions of any particular individual that instills true fear in the U.S. establishment and deep state government. What really scares them is a population capable of critical thought beyond false left-right paradigm talking points...


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They're Bringing Back Feudalism... And Nobody Seems To Notice

Financial privacy is by far the most demonized aspect of privacy. This is a huge clue. Governments wouldn’t hate financial privacy so much if it weren’t so important to individual liberty. Politicians around the world see citizens as milk cows…they merely exist to be squeezed to the last drop. We call it “the new feudalism.” A world without privacy is a giant step backward for human freedom. It’s the new Dark Ages that George Orwell grimly predicted.


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Citi Asks: "Are Investors Beginning To Price In QE4?"

"My conjecture is that investors have begun to price out June/July hiking risk they are beginning to reject the view that there is a high?probability fed funds path that is as shallow as the market is pricing in.  Before you get to negative rates you would have the hail Mary of QE4 which would act mainly to push down long term yields. In the past the prospect of QE supported equity markets, but there is so much skepticism at this point that the equity market reaction is negligible and the brunt of the concerns are falling on USD and long?term yields."


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Freedom Isn't Free: It Costs Taxpayers $700 Billion Per Year

"Freedom isn't free," you'll be told, but this isn't in reference to the enormous tax bill you're paying every year. No, this slogan is actually a veiled threat against you and a claim that however much you're paying now in terms of dollars or personal freedom, you should be ready and willing to give even more.


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The War On Paper Currency Officially Begins: ECB Ends Production Of €500 Bill

Following the denial in February that this action is in any way about reducing cash, Mario Draghi has made his decision: ECB ENDS PRODUCTION AND ISSUANCE OF €500 BANKNOTE. And just like that the second highest denominated European bank note in circulation is dead, driving everyone into the CHF1000 Bill, and implicitly weakening the euro.


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"We'll Respond Totally Asymmetrically" - Russia Answers NATO With Three New Deployments

"...we are not passive observers, we consistently take all the military measures we consider necessary in order to counterbalance this reinforced presence that is not justified by anything. Certainly we'll respond totally asymmetrically."


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Breaking Down Warren Buffett's Rosy Outlook For America

There’s something about being insanely rich that people will believe every word that comes out of your mouth no matter how bizarre. As one of the richest men in the world, Warren Buffett’s opinions carry almost Biblical impact, even when they might be completely ridiculous.


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Watch Live: John Kasich Announces End Of His Presidential Campaign

It's all over but the press conference (and perhaps elbowing his wife in the face). Watch John Kasich announce he is taking the exterminaTed way out, and also suspending his presidential campaign one day after Ted Cruz did the same, and leaving Donald Trump the official GOP candidate.


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