It rarely happens, but Scott Sumner and I do sometimes disagree on something.
Not surprisingly this time it is on a (mostly) non-monetary matter – the long-term outlook for the Chinese economy. 1,307 more words
(Above/Left: For the time being, China still allows Putin the center position.)
Far from being ‘the end of the NWO’, the ongoing decline and coming collapse of the US Empire and its Petrodollar are the Money Power’s key goal in her age old drive to World Government. 3,079 more words
Very informative radio interview with Dan Collins, an American who has lived and worked in China for 15 years. Great overview of current world economics. From the show: Until we get our manufacturing jobs back, we are not going to have a real ecomony. You have to be able to produce some good-sized portion of what you consume. Right now, we just consume, consume, consume, all based off of printed money and we have no real economy. Per capita, China is leading the United States in online purchases. Inflation is worse in China now than in the U.S., which is why the gov has engineered a slow down of the economy. China has owned Africa for 10 years now.