Tag Archives: China

China Overtakes US, Largest Economy In World

China Overtakes US, Largest Economy In World
In April, the World Bank’s International Comparison Program said that China is poised to overtake the US as the world’s biggest economy earlier than expected, possibly as soon as this year, using calculations that are based on so-called purchasing power parity (PPP). That prediction has come true. According to the International Monetary Fund’s latest World Economic Outlook, China’s GDP is worth $17.6 trillion, while ... Read more

Coming Recession Being Caused Again By Big Finance

Coming Recession Being Caused Again By Big Finance
The essential point of both the China and USA Federal Reserve policy reversals of 2013-14—policy reversals that are now driving Latin America into recession—is that both policy shifts have their fundamental origins in the financial destabilization behavior of the global finance capital elite. The folks that gave us the 2008-09 financial crash and are in the process of creating yet another.  The shift by the US Fed is clearly a response to ... Read more

Democracy is Bad for Business

Democracy is Bad for Business
A story that has gotten weirdly little play in the US (I can’t speak for the UK press or the press in other countries) is the pushback by the ‘Big Four’ accountancy firms against the democracy movement in Hong Kong. On July 1, over 100,000 people marched in protest against Chinese plans to curtail democracy in Hong Kong. But the Big Four had not only made it clear that they didn’t like the protests – they had threatened that business would ... Read more

The Emerging Global Economic ‘Perfect Storm’

The Emerging Global Economic ‘Perfect Storm’
Much like a perfect storm at sea is the consequence of three converging bad weather fronts, three significant global economic trends have begun to intensify and converge in recent months: (1) a slowing of the China economy and a parallel growing financial instability in its shadow banking system; (2) a collapse in emerging markets currencies (India, Brazil, Turkey, South Africa, Indonesia, etc.) and their economic slowdown; (3) a continued ... Read more

China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho

The American Dream June 2011 Thanks to the trillions of dollars that the Chinese have made flooding our shores with cheap products, China is now in a position of tremendous economic power. So what is China going to do with all of that money? One thing that they have decided to do is to buy up pieces of the United States and set up “special economic zones” inside our country from which they can continue to extend their economic ... Read more

China warns U.S. debt-default idea is “playing with fire”

By Emily Kaiser Reuters, June 8, 2011 (Reuters) – Republican lawmakers are “playing with fire” by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China’s central bank said on Wednesday. The idea of a technical default — essentially delaying interest payments for a few days — has gained backing from a growing number of mainstream Republicans who see ... Read more