World Trade

Federal Bureaucrats To The Public: Be Afraid!

States have always thrived on the fear of the taxpayers, and states have always justified their existence in part on the idea that without the state, we'd all be overrun by barbarians, or murdered by our neighbors. Keeping this tradition alive is Department of Homeland Security John Kelly who recently claimed that people would "never leave the house" if they "knew what I know about terrorism." 

Iran's Shockingly Honest Reaction To Trump's Visit To Saudi Arabia

"We have seen it all before. The Saudis are spending billions on arms which they don’t have the capacity to absorb...The Shah, too, spent billions of dollars buying arms from America, he too had capacity problems. We had 65,000 Americans in Iran, most of them in the armed forces. But then came the revolution and the weapons were used against him and his regime."

China Imposes Sugar Import Tariffs As High As 95%

China, the world's top importer of sugar, announced it would impose substantial tariffs on sugar imports after lobbying by domestic mills: after Monday's ruling, the total sugar duty will nearly double, with Beijing imposing an additional 45% tax to these imports in the current fiscal year taking the total to 95%.

McMaken: Dismantle The FBI, And Give Its Money Back To The States

With James Comey's firing, we're told the FBI is in turmoil, and Washington DC cocktail parties are all atwitter over the excitement of the scandal. But don't worry about the FBI. If history has proved anything, the Bureau, no matter how much chaos it may endure, can always rely on a fat check from Congress - funded by the American taxpayers.

China's Plan To Subvert The Global Dollar Standard

The instability brought into the geopolitical equation by the Trump presidency, and the early signs the US economy is grinding to a halt under the sheer weight of consumer and government debt, are increasingly likely to prompt China and Russia into firm financial action, if only to protect themselves in an unstable financial and monetary environment.

China Threatens Retaliation To Trump's Steel "Protectionism"

"If the U.S. does take protectionist measures, then other countries are likely to take justifiable retaliatory actions against U.S. companies that have an advantage ... in fields such as finance and high-tech, leading to a tit-for-tat trade war that benefits no one," the official China Daily said in an editorial on Monday warning it would retaliate to any protectionism unleashed by the Trump administration.

Crispin Odey: "It Feels Lonely Being Bearish"

"A year ago it was easy to be bearish. China was slowing, world trade was creaking, Europe was not recovering and the oil price was hitting new lows. A year later to be bearish feels lonely... When we look back at this madness, some people will feel ashamed. Twisted facts and twisted logic may be met in the quiet of the night by reality. "

Europe Gets Its Doomsday Scenario

In France, the right feels betrayed by open borders and excessive regulation, the left by an unaccountable elite that always seems to profit at everyone else’s expense. And both sides suffer from soaring debt at every level of society. So if a fringe candidate doesn’t win this time around, the mainstream will just make an even bigger mess, raising the odds of a fringe victory next a few years hence.

Is The Deep State Creating Another "Crash Of 1929"?

"In short, the Deep State and their cronies, who were instrumental in creating the economic, social, and political house of cards that now exists, have the perfect opportunity to bring on the collapse and blame the new president for it."

World's Biggest Aluminum Producer Faces Default, Warns Of "Dramatic Social Unrest" Without A Beijing Bailout

The world’s biggest aluminum producer, China Hongqiao Group,  is in trouble locked in a feud with its accountant over fraud allegations that have forced it to not only suspend trading of its shares and seek a bailout from Beijing, but to warn of “serious effects” if nothing is done, including “regional systemic financial risks” and “dramatic social unrest.”