China Beats America

Not Just The Largest Economy – Here Are 26 Other Ways China Has Surpassed America

  #1 When you add up all imports and exports, China now accounts for more total global trade than the United States does. #2 There is now more total corporate debt in China than there is in the United States. #3 During 2013, we sold about 121 billion dollars worth of stuff to the Chinese,…

StumbleUponEmailDiggWordPressPrint
Russia and China work together

What It’s All About: Russia, China Begin Construction Of World’s Largest Gas Pipeline

If after months of Eurasian axis formation, one still hasn’t realized why in the grand game over Ukraine supremacy – not to mention superpower geopolitics – Europe, and the West, has zero leverage, while Russia has all the trump cards, then today’s latest development in Chinese-Russian cooperation should make it abundantly clear. Overnight, following a…

StumbleUponEmailDiggWordPressPrint
NO GMO

China Halts U.S. Grain Imports Due to GMO Concerns, Impacting U.S. Grain Sector

China has somewhat of a history when it comes to refusing GMOs from the United States. Now, due to fears that genetically modified grains will find their way in, China recently put the brakes on some U.S. grain imports, imports that amount to hundreds of thousands of tons per month. According to Bloomberg Businessweek, the move by…

StumbleUponEmailDiggWordPressPrint
Chinese Domino

The dominoes begin to fall in China

Forget tapering. Forget Ukraine. The largest single risk to the world economy and financial markets right now is China. What’s going on in China reminds me a lot of what I witnessed firsthand when I lived in South Korea in the 1990s, before that economy’s crash in 1998. Just as China now, South Korea was…

StumbleUponEmailDiggWordPressPrint
Preparing for Economic Collapse

Foreigners Sell A Record Amount Of Treasurys Held By The Fed In Past Week

  A month ago we reported that according to much delayed TIC data, China had just dumped the second-largest amount of US Treasurys in history. The problem, of course, with this data is that it is stale and very backward looking. For a much better, and up to date, indicator of what foreigners are doing with US…

StumbleUponEmailDiggWordPressPrint
Russian Power

5 Ways Russia’s Ukraine ‘Boomerang’ Could Strike

Last week I noted four lessons Asia watchers should ponder in light of the events unfolding in Ukraine. As there has been no letup and various pundits warn of a new Cold War it seems timely to consider what actions Russia could take against the United States if tensions were to spiral out of control. Clearly Vladimir Putin has a…

StumbleUponEmailDiggWordPressPrint
Africom

US expands military net over Africa, checking China’s influence

  Over the last decade, America has quietly expanded its military presence throughout Africa in an attempt to counter Chinese and other emerging nations’ influence, while consolidating control over critical strategic resources and trade routes. The United States, like its allies Britain and France, has long maintained influence and indirect control in Africa through financial…

StumbleUponEmailDiggWordPressPrint
Forever

Nothing Lasts Forever; World Bank Ex-Chief Economist Calls For End To Dollar As Reserve Currency

In the past we have discussed at length the inevitable demise of the USD as the world’s reserve currency noting that nothing lasts forever. However, when former World Bank chief economist Justin Yifu Lin warns that “the dominance of the greenback is the root cause of global financial and economic crises,” we suspect the world will begin…

StumbleUponEmailDiggWordPressPrint