Tag: china

Foreign Relations

War & Tariffs: What to do about North Korea

If you think about geopolitics at all, you know North Korea poses many problems for its neighbors. And for the United States. And for the whole world. If we take attack North Korea militarily, over a million South Koreans will die. Along with a lot of Americans on ships and on land over there. Nobody …

Economics and Economy

China Is Crashing and Greece Is Spinning Out of Control

The world is even more fragile than it was in 2007. The big banks are bigger. Aggregate bank assets are concentrated in fewer hands. The bank derivatives books are much larger. Market liquidity is worse. —James Rickards, The Daily Reckoning Well, ain’t that just dandy? And it’s undeniably true. We were told that the 2008 …

Economics and Economy

The Economy Is Getting Worse Thanks to Liberalism

  The horror in Aurora, Colorado, gave President Obama a little cover last Friday.  That’s because the Labor Department announced that unemployment rose in 27 states. President Obama promised to hold unemployment under eight percent if Congress passed the stimulus package in 2009. Congress did, but Obama failed.  Remember all those green jobs?  They’re gone. …

Economy, Latest, Politics

2009 Economic Prediction *Bumped and Updated*

*Originally posted February 15, 2009* I know this is a little late, but I was waiting for Congress to spend another trillion dollars or so before committing my prediction to the public.  Here goes: GDP and unemployment will  flatten and even improve a bit in first half of 2009 for a couple of reasons: First, …

Economy, Satire

The Other Shoe Drops

For months I’ve been echoing the warnings of Peter Schiff and others:  when China stops buying American debt, we’re in deep, deep trouble.  The possibility for hyperflation, prices rise by double-digits on daily or weekly measures, becomes palpably high. Even though this article from IHT failed to suprised me, I have a sick, frightened gnawing …