World Trade

EU Faces Dilemma: To Stand Tall Or Kneel

"Until now Europe has failed to resist American pressure. This is another opportunity to take a stand and defy Washington. The European Commission will discuss next steps today... The outcome will be a litmus test for Europe's unity to show whether the bloc is really a powerful alliance of the countries ready to protect their interests or it is nothing more than a puppet on a string dancing to the US tune."

The Next Financial Crisis Is Not Far Away

When energy consumption growth per capita turns negative - even slightly so - tears in the social fabric start to appear. This is the problem we are starting to encounter.

Is This The First Sign Of A US-Chinese Solar War?

The U.S. has alerted the World Trade Organization that it is considering tariffs against imported solar panels, with a ruling from the ITC likely to come by November 2017. Such an act would be chiefly aimed at China, which leads the world in solar panel production and exports...

Falling Interest Rates Have Postponed "Peak Oil"

"The new crisis can be expected to be 'Peak Economy' instead of Peak Oil. Peak Economy is likely to have a far different shape than Peak Oil - a much sharper downturn. It is likely to affect many aspects of the economy at once. The financial system will be especially affected. "

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.