• 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...

World Trade

George Washington's picture

What We REALLY Know About the 9/11 Defendants





The Truth May Be a Wee Bit Different ...

 
Tyler Durden's picture

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.

 
Tyler Durden's picture

The Central Bank War On Savers - The Big Lie Beneath





The central bank war on savers is rooted in a monumental case of the Big Lie. Here is what a retired worker who managed to save $5,000 per year over a 40 year’s lifetime of toil and sweat in a steel factory now earns in daily interest on a bank CD. To wit, a single cup of cappuccino. Yet the central bankers claim they have absolutely nothing to do with this flaming economic injustice.

 
Tyler Durden's picture

One More Casualty Of The 9/11 Farce - The Petrodollar





It’s been about 15 years now since passenger airliners struck the World Trade Center towers on 9/11, and we are still suffering the consequences of that day, though perhaps not in the ways many Americans might believe. The 9/11 attacks were billed by the Bush Administration as a “wake-up call” for the U.S., and neocons called it the new Pearl Harbor. But instead of it being an awaking, the American public was led further into blind ignorance. Clearly, after 15 years of disastrous policy, it is time to admit that the U.S. response to 9/11 has damaged us far more than the actual attacks ever could.

 
Tyler Durden's picture

The $2 Trillion Gamble That Saudi Arabia Cannot Win





The Vision for 2030 is mostly smoke and mirrors. Saudi Arabia probably cannot replace the money it will lose if oil goes out of style and so is doomed to downward mobility and very possibly significant instability. It has been a great party since the 1940s; it is going to be a hell of a hangover.

 
Tyler Durden's picture

Seymour Hersh: Saudis Paid Pakistan to Hold bin Laden To Prevent U.S. Interrogation





"The Saudis bribed the Pakistanis not to tell us [that the Pakistani government had Bin Laden] because they didn’t want us interrogating Bin Laden (that’s my best guess), because he would’ve talked to us, probably. My guess is, we don’t know anything really about 9/11. We just don’t know. We don’t know what role was played by whom."

 
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"It's A Trojan Horse" - Thousands Of Germans Protest TTIP Trade Deal One Day Before Obama Visit





One day before Obama visits Angela Merke in Germany to pitch the TTIP trade agreement, thousands of German protesters have once again come out on the streets of Hannover to say 'No' to the controversial TTIP US-EU trade deal. Many in Germany fear it will reduce consumer protection and undermine workers’ protection. In an interview with Bild, Obama said that "the Transatlantic Trade and Investment Partnership is one of the best ways to promote growth and create jobs." Ironically, this comes just as support for the TTIP is tumbling on both sides of the Atlantic.

 
Tyler Durden's picture

Saudi Arabia Threatens To Liquidate Its Treasury Holdings If Congress Probes Its Role In Sept 11 Attacks





Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.

 
Tyler Durden's picture

One Man Asks Why Was Tritium Found At 9/11 Ground Zero





Dr. Ed Ward has documented what he believes is strong evidence suggesting that up to three thermonuclear devices were detonated at the World Trade Center site on 9/11.

 
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When Stocks Adjust to Economic Realities, Many Investors Will Lose Everything





Global trade contracting, Wal-Mart posting its first ever decline in revenues... stocks on the edge of a cliff.

 
Tyler Durden's picture

Why We Have A Wage-Inequality Problem





Wage inequality is really a sign of a deeper problem; basically it reflects an economic system that is not growing rapidly enough to satisfy everyone. Our basic problem is that the world economy is growing so slowly that the ordinary workers at the bottom find themselves with less than an adequate quantity of goods and services. This problem seems to be getting worse rather than better, over time, making the problem a political issue.

 
Tyler Durden's picture

The World Has 6 Options To Avoid Japan's Fate, And According To HSBC, They Are All Very Depressing





"The escape options are a mixture of the ineffectual, the limited, the risky, the foolhardy or the excessively slow. As Japan’s recent experiments have demonstrated, upping the monetary dosage alone is not enough to cure the affliction. Indeed, to the extent that monetary stimulus only encourages a further wave of risk-taking within financial markets – often outside of the mainstream banking system - it may only perpetuate unstable deflationary stagnation."

 
Tyler Durden's picture

"Worse Than 2008" World Trade Collapses To 10 Year Lows





This wasn’t part of the rosy scenario...

 
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