The U.S. Firms at Risk From China Trade War: QuickTake Scorecard

 

U.S. companies need to prepare for greater tension between the Trump administration and China. U.S. Commerce Secretary Wilbur Ross opened high-level economic talks on July 19 by scolding China over its trade surplus. That doesn’t necessarily signal a trade war is imminent — the two countries have come through other rocky patches since Donald Trump became U.S. president. Still, Trump is weighing whether to restrict imports of Chinese steel and aluminum, a move that could prompt retaliation from President Xi Jinping. Such tit-for-tat actions could lead to a Chinese backlash against American businesses. The following are among those most at risk:

1. Hollywood

The movie studios want more access to China, where foreign releases accounted for 61 percent of box office sales in the first half of 2017. China allows about three dozen foreign films to be imported on a revenue-sharing basis — with the studio only getting 25 percent. Hollywood wants a higher number of imports and better revenue splits. Negotiations are ongoing and the U.S. could take China to the World Trade Organization if the two sides don’t reach an agreement by the start of 2018. Continue reading

Egg rationing in America has officially begun

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In recent days, an ominous sign has appeared throughout Texas. “Eggs [are] not for commercial sale,” read warnings, printed on traditional 8 1/2-by-11-inch pieces of white paper and posted at H-E-B grocery stores across Texas. “The purchase of eggs is limited to 3 cartons of eggs per customer.”

H-E-B, which operates some 350 supermarkets, is one of the largest chains not only in the state, but in the whole country. And it has begun, as the casual but foreboding notices warn, to ration its eggs.

“The United States is facing a temporary disruption in the supply of eggs due to the Avian Flu,” a statement released on Thursday said. “H-E-B is committed to ensuring Texas families and households have access to eggs. The signs placed on our shelves last week are to deter commercial users from buying eggs in bulk.” Continue reading

11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis

Well, the Nasdaq finally did it.  It has climbed all the way back to where it was at the peak of the dotcom bubble.  Back in March 2000, the Nasdaq set an all-time record high of 5,048.62.  On Thursday, after all these years, that all-time record was finally eclipsed.  The Nasdaq closed at 5056.06, and Wall Street greatly rejoiced.  So if you invested in the Nasdaq at the peak of the dotcom bubble, you are just finally breaking even 15 years later.  Unfortunately, the truth is that stocks have not been soaring because the U.S. economy is fundamentally strong.  Just like the last two times, what we are witnessing is an irrational financial bubble.  Sometimes these irrational bubbles can last for a surprisingly long time, but in the end they always burst.  And even now there are signs of economic trouble bubbling to the surface all around us.  The following are 11 signs that we are entering the next phase of the global economic crisis… Continue reading

19 Signs That American Families Are Being Economically Destroyed

The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening.  Once upon a time in America, if you were responsible and hard working you could get a good paying job that could support a middle class lifestyle for an entire family even if you only had a high school education.  Things weren’t perfect, but generally almost everyone in the entire country was able to take care of themselves without government assistance.  We worked hard, we played hard, and our seemingly boundless prosperity was the envy of the entire planet.  But over the past several decades things have completely changed.  We consumed far more wealth than we produced, we shipped millions of good paying jobs overseas, we piled up the biggest mountain of debt in the history of the world, and we kept electing politicians that had absolutely no concern for the long-term future of this nation whatsoever.  So now good jobs are in very short supply, we are drowning in an ocean of red ink, the middle class is rapidly shrinking and dependence on the government is at an all-time high.  Even as we stand at the precipice of the next great economic crisis, we continue to make the same mistakes.  In the end, all of us are going to pay a very great price for decades of incredibly foolish decisions.  Of course a tremendous amount of damage has already been done.  The numbers that I am about to share with you are staggering.  The following are 19 signs that American families are being economically destroyed… Continue reading

The Chinese have put out billboard ads announcing the renminbi as the new world currency

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When I arrived to Bangkok the other day, coming down the motorway from the airport I saw a huge billboard—and it floored me.

The billboard was from the Bank of China. It said: “RMB: New Choice; The World Currency”

Given that the Bank of China is more than 70% owned by the government of the People’s Republic of China, I find this very significant. Continue reading

The Implosion Of American Culture

…and the fall of the Berlin Wall was indeed predicted.

Soviet defector Anatoliy Golitsyn, in New Lies for Old, had foretold and forewarned among many other things (with a 95%-plus accuracy) that it would go down.

There is very little precious time remaining on the clock for the United States which during the last 15 years or so somewhere down the road chose national suicide. A catastrophe is coming that will forever change it and create a new chapter in world history — one without the United States. As the author said, very few notice it coming or care to pay attention because their priorities are backwards and would rather follow the Kardashians and their favorite NFL team. The Shopping Mall Regime prefers going to Wal-Mart to, like cockroaches, scavenge and fight over cheap plastic garbage produced in China.

Note: Because the author of this article is so spot on, a majority of the article will remain here, but please check out the link for additional information.

 

It was widely expressed by the mainstream media of the time that the collapse of the Soviet Union and the fall of the Berlin Wall could not have been predicted. In hindsight, the stagnation and drop in oil prices should have been the obvious signs that a dramatic change was coming. And when the USSR began to borrow from western banks, the fix was in.

The inevitable policy shifts towards “perestroika” were obvious and planned well in advance.  The agricultural crisis within the country was designed to parallel the mass movement towards “glasnost”, or openness.

When we consider the larger mandates of the CSI, Cultural and Socioeconomic Interception, the same machinations as “perestroika” and ‘glasnost” can be observed in the social fragmentation and devolution of the American middle class. Where the Soviet Union enacted policies which instigated the CSI changes within the country, it will be Americas lack of enacting policy change which will precipitate the implosion of its culture. Continue reading