China

China

The Globalist One World Currency Will Look A Lot Like Bitcoin

"Critics of the notion of a single global monetary framework tend to dismiss any evidence of the plan, usually due to their poor understanding of how currencies rise and fall and a poor understanding of the current monetary climate... 'Where is this global currency going to come from?'... The fact is, it already exists, and it is right under their noses..."

Silicon Valley Censorship

Google's latest project is an application called Perspective, which, as Wired reports, brings the tech company "a step closer to its goal of helping to foster troll-free discussion online, and filtering out the abusive comments that silence vulnerable voices." In other words, Google is teaching computers how to censor.

Hegemony Is A Three-Player Game

"Three-player games are easy to model - it’s always two against one... This is the greatest political struggle in the world today. The nationalists and realists want to improve U.S. relations with Russia. The globalists are horrified at the prospect and want to maintain warm relations with China while isolating Russia."

Frontrunning: July 27

  • Healthcare showdown (Reuters)
  • Tax Overhaul in Doubt With House Stuck on Budget Disagreements (BBG)
  • Dollar steadies after Fed skid, shares hit new highs (Reuters)
  • Samsung Is Closing In on Apple as World’s Most Profitable Tech Firm (WSJ)
  • Sweden's PM Refuses to Resign After Cyber-Security Scandal (BBG)

Global Stocks Hit New All Time High As Dollar Rebounds; Europe Volatile On Earnings Deluge

The levitation continues with S&P futures pointing to - what else - another higher open while European stocks swung between gains and losses on the busiest earnings days of the year (85 of the Stoxx 600 report) which has seen European pharma giant AstraZeneca plunge 15%, the most on record, after its flagship lung cancer trial Mystic failed to show benefits, while Deutsche Bank slumped 4% on a 12% plunge in FICC revenue.

Dr.Copper's False Hope - "We've Seen All This Before, Too Many Times"

Copper prices surged to the highest levels since May 2015 in the last few days, prompting the ubiquitous "must mean the economy is doing well" narrative from every hope-fuelled reflationist. There's just one problem, we’ve seen all this before too many times.

The Military Industrial Complex Is Undermining US National Security

"The ongoing problems with the F-35 and other military programs, stemming from virtually unlimited budgets, underline the inefficiency of the American military-industrial complex...This will certainly bare consequences for Washington’s present and future strategy of power projection."