America Frozen Out of World Trade

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Yet another trade agreement excludes the U.S.

A new trade agreement that covers more than 13 percent of the world economy, accounting for 15 percent of global trade, was ratified by its first six countries on December 30. The Progressive Agreement for Trans-Pacific Partnership (cptpp) will cover 500 million people.

Australia, Canada, Japan, Mexico, New Zealand and Singapore will be joined by another four countries that have already signed but not yet ratified the agreement. Vietnam joins on January 14, while Brunei, Chile, Malaysia and Peru will join the deal 60 days after completing the ratification process. Continue reading

China Hacks America—and ‘None Goes to Battle’

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Gary Dorning/Trumpet

 

A tiny Chinese microchip may have infiltrated numerous American governmental and military systems, giving insight into how several specific Bible prophecies could come to pass.

It isn’t hard to imagine a time in the near future when great numbers of Americans take to the streets. Maybe the trigger would be another divisive presidential election, with half the nation refusing to accept four more years of an administration they loathe. Maybe the trigger would be impeachment hearings or a particularly controversial decision by “Brett Kavanaugh’s Supreme Court,” such as restricting abortion.

Whatever the spark, it isn’t hard to imagine America’s intensifying domestic tensions exploding into mass riots. Continue reading

China Intensifies Efforts to Topple U.S. Dollar

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China Photos/Getty Images

 

‘The pace of expansion has been explosive’ for China’s new yuan-denominated oil futures contract.

Less than a year after China launched an oil futures contract denominated in the Chinese currency, the contract is beginning to be embraced by global commodities traders.

The Chinese Communist Party has long desired to see the United States dollar sidelined and the Chinese currency, the yuan, take on a more central role in global finance. The latest major push toward that goal came on March 26 when China launched a new oil futures contract on the Shanghai International Energy Exchange denominated in yuan. Now the contract is finding increasing acceptance among multinational commodity traders, which could threaten the dollar’s position. Continue reading

The German-American Relationship Illusion

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Demonstrators march through Berlin to protest U.S. President Donald Trump on Jan. 20, 2017. (Omer Messinger/NurPhoto/Getty Images)

 

Germans see relations as negative; Americans see them as positive. What is going wrong?

Germans and Americans have very different ideas of the relationship between their two countries, according to a survey published by the Körber Foundation and the American Pew Research Center last month.

While 73 percent of Germans surveyed described relations with the United States of America as “somewhat bad” or “very bad,” 70 percent of Americans said that relations with the German Federal Republic were “somewhat good” or “very good.” Continue reading

China Working to Boost Role in Middle East

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China’s President Xi Jinping gives a speech during the 8th Ministerial Meeting of China-Arab States Cooperation Forum at the Great Hall of the People in Beijing on July, 10, 2018. (WANG ZHAO/AFP/Getty Images)

 

Growing influence in the region helps China accelerate its Belt and Road Initiative.

Chinese President Xi Jinping delivered remarks in Beijing on July 10 at the eighth ministerial meeting of the China-Arab States Cooperation Forum. Xi’s basic message to the representatives from 21 Arab nations and to the secretary general of the Arab League was that China seeks to become more involved in the Middle East.

He stressed the importance of Sino-Arab relations, saying, “Arab states and China are natural partners.” Continue reading

Europe, China, Japan and the New World Order

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A stunning fulfillment of a specific Bible prophecy

We are witnessing a shift in the world order that happens only once in a generation. The global system of alliances is being shaken. Such turmoil usually indicates a massive shift in global power. These shifts often trigger major wars.

For most of the 19th century, Britain’s top enemy was Russia. Britain’s whole system of alliances was built to isolate and oppose Russian power. But at the turn of the century, other powers were rising, most notably Germany. This development triggered a complete shake-up. Russia veered from enemy to ally in 1907. World War i followed on the heels of this upheaval.

That shift in alliances did not cause World War i. But it was a symptom of some of the other long-term causes. Continue reading

China’s New Gold-Backed Oil Benchmark to Deal Blow to U.S. Dollar

ISTOCK.COM/SELENSERGEN

 

New financial instrument gives oil-exporting nations their long-sought alternative to the petrodollar.

China will soon introduce a crude oil futures contract denominated in yuan and convertible into gold, the Nikkei Asian Review reported on September 1. Analysts say that since China is the world’s largest oil importer, the move could deal a major blow to the global influence of the United States dollar.

The contract would allow oil exporting nations such as Russia, Iran and Venezuela to conduct sales in yuan, instead of in U.S. dollars, and to then change the yuan into gold on both the Hong Kong and Shanghai exchanges. This would also allow these countries that often fall afoul of American foreign policy to circumvent dollar-based U.S. sanctions.

The Chinese government has been developing the gold-backed futures contract for years, and Oilprice.com reports that it is expected to launch this year. It will be China’s first commodities futures contract available to foreign entities, and analysts expect many oil-exporting nations and firms to find it appealing. Continue reading

The Chinese Economic Offensive in Europe

 

Where the largest population in the world has set its sights

Englishmen: Did you know the Chinese now control House of Fraser? Italians: Did you know the Chinese now own Pirelli? Swedes: Did you know the Chinese now own Volvo?

Depending on how old you are, you’ll likely be either embracing or resisting the Chinese economic offensive into Europe. But if you’d been a Greek youth struggling with 50 percent unemployment in the eurozone crisis, you would have been loving the extra Chinese foreign investment.

China has been looking to break into Europe for decades; in the last five years, its efforts have finally paid off. From 2010 to 2014, Chinese investments in Europe went from $6 billion to $55 billion. And remember, that huge increase happened as China’s economy had been comparatively slowing down.

Continue reading

China—Superpower of the Future?

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Caption: (iStock.com/chinaface)

 

China will take more than your manufacturing job.

China is a sovereign state in East Asia with a population of over 1.3 billion people. The nation possesses the world’s largest economy by some measurements, the world’s largest population and the fourth-largest territory.

These are the building blocks of a superpower. While the world anticipates China gaining superpower status, analysts debate on when and whether
its rise will be peaceful.

The Trumpet forecasts that China will continue to grow as a formidable power, combining its strength with Russia. Further, we forecast that it will play a major role in waging economic war that will devastate America.

Continue reading

The Silk Superhighway

Five years old, but vindicated, still quite relevant and accurate:

 

Who is China’s largest trading partner?

If you guessed the United States, you’re wrong. It’s the European Union.

If you got the first one right, here is another question: Who are the biggest exporters in the world? First place goes to the European Union. Second goes to China. Third would then go to Germany if it wasn’t already included within the EU. America comes in at a distant fourth place, followed by Japan.

The world has changed. Not long ago, America was both the largest exporter of manufactured goods and the world’s most important economy.

Yes, a shift is occurring—and it is titanic. Today’s global power centers of manufacturing and trade have swung back to Europe and China. The most important and lucrative trade routes are once again between the old world’s East and West. The modern Silk Road is swarming with the new merchants.

Continue reading

The World’s Next Superpower

The 100-year period from 1815 until World War I began in 1914 was one of Europe’s greatest periods of peace ever. But consider what happened during those years: France invaded Spain; Russia fought Turkey; various German states fought with Denmark, Austria and France; Britain and Turkey fought Russia; and Greece fought Turkey. Those are just the “highlights”—and they don’t include the numerous internal conflicts, uprisings, declarations of independence and other political unrest that occurred. Even Switzerland had a civil war.

That is what “peace” in Europe looked like before the latter half of the 20th century. Continue reading