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Metres away from the giant portrait of former paramount leader Mao Zedong that watches over Tiananmen Square, retiree Tang Meiqin marvelled at how much the chairman’s latest successor has achieved in the last five years – enough, perhaps, to inspire a similar level of reverence. 440 more words
The petrodollar system is being undermined by exponential growth in technology and shifting geopolitics. What comes next is a paradigm shift…
In the summer of 1974, Treasury Secretary William Simon traveled to Saudi Arabia and secretly struck a momentous deal with the kingdom. 1,817 more words
Pundits have been saying last rites for the dollar’s global dominance since the 1960s – that is, for more than half a century now. But the pundits may finally be right, because the greenback’s dominance has been sustained by geopolitical alliances that are now fraying badly.
Authored by James Rickards
China is a relatively open economy; therefore it is subject to the impossible trinity.
China has also been attempting to do the impossible in recent years with predictable results. 1,020 more words