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 ... Read more

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. ... Read more

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 ... Read more

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) ... 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 ... 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 ... Read more