Will China take over US as the top Superpower

 

QUESTION: I read a credible theory recently about China taking over US as the top superpower via economic pressures. Namely by replacing the US dollar with the Yuan as the standard currency for international trade. This shift is (supposedly) being enacted through 1) increased control over Developing countries through international lending from the New Development Bank, 2) increasing control over global oil via financial ties to Saudi Aramco and Russia’s Rosneft, 3) trying to denominate global oil transactions in Yuan through the Shanghai oil futures market & backing up the Yuan value with the massive gold reserves China has been accumulating.

My question is whether you see this strategy unfolding as a credible threat to usurping United States’ global domination by China and if so – what might the investment world look like during such a massive upheaval? Continue reading

America Is Going Broke… and Nobody Cares

(shutterstock)

 

After having sided with the Democrats on the debt ceiling, he went back to the swamp to resolve the “Dreamer” issue — the 800,000 children who arrived in the U.S. as undocumented migrants and were allowed to temporarily stay legally in the country.

Then, over the weekend, it was reported that the administration wanted to get back on the Paris climate change agreement bandwagon.

The White House denies it, but it’s now clear that Mr. Trump aims to be a whole lot less disruptive than he promised to be.

And now, with the floodgates open, the U.S. national debt has surged over $20 trillion.

Continue reading

Yellen Is Trapped in the Worst Nightmare Ever

Fed is really caught between a rock and a very dark place. Yes, they have the IMF and the world pleading with them not to raise rates for it will hurt other debtors who borrowed excessively using dollars to save money. The Fed is also caught between domestic policy objectives that dictate they MUST raise rates of they will bankrupt countless pension funds and international where emerging markets will go into default because commodities have collapsed and they have no way of paying off this debt that has risen to about 50% of the US national debt. Continue reading

Sayonara Global Economy

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”Ludwig von Mises

The surreal nature of this world as we enter 2015 feels like being trapped in a Fellini movie. The .1% party like it’s 1999, central bankers not only don’t take away the punch bowl – they spike it with 200% grain alcohol, the purveyors of propaganda in the mainstream media encourage the party to reach Caligula orgy levels, the captured political class and their government apparatchiks propagate manipulated and massaged economic data to convince the masses their standard of living isn’t really deteriorating, and the entire façade is supposedly validated by all-time highs in the stock market. It’s nothing but mass delusion perpetuated by the issuance of prodigious amounts of debt by central bankers around the globe. And nowhere has the obliteration of a currency through money printing been more flagrant than in the land of the setting sun – Japan. The leaders of this former economic juggernaut have chosen to commit hari-kari on behalf of the Japanese people, while enriching the elite, insiders, bankers, and their global banking co-conspirators. Continue reading

Will Anything Really Change After The Midterm Elections?

Both parties together agree with so many issues because they are the same party. As in today’s neo-Soviet Russia, no matter who’s elected, the country goes on the same path because they’re controlled by the same component: The Kremlin. In this case, it’s more difficult to pinpoint who’s really in control of the United States, but it’s surely correct to say Obama isn’t the person who’s really pulling the strings.

On another side note, the number of abortions (50 million) stated in this article is likely highly underestimated. The 50 million total has been a statistic used over the last five to ten years, yet people parrot the same amount every time the topic comes up. As America’s social and moral fabric have eroded beyond the point of no return within the last ten to fifteen years, it would be difficult not to imagine that number is doubled. The movement of ridding the ‘inconvenience’ of having a baby in life gained ground by leaps and bounds during the Clinton administration.

As the article states: The clowns may change, but the circus remains the same.

If you’re still arguing about Democrats vs. Republicans, sorry, but you have been utterly oblivious for the last 15 years.

Maybe you’ll agree with this assessment, maybe you won’t. What you believe is up to you but how many times can you be warned that the sword is coming to disobedient nations such as the United States and the world over — and still not see it? It cannot continue on this path forever. It will fall.

You’re encouraged to dig through the posts on this site and come to your own conclusion.

 

The more things change, the more things stay the same.  As I write this, it looks like the Republicans are going to take control of the U.S. Senate.  But will that actually alter the direction of the country?  Will that actually change anything?  There are many that hope that this could represent a “turning point” for America, but history tells us that almost certainly will not be the case.  Over the past 30 years, things have changed very little no matter which party has controlled the White House and no matter which party has controlled Congress.  During that time frame, the national debt has continued to explode, our long-term economic problems have continued to get even worse, our liberties and freedoms have continued to erode and our nation has increasingly become a moral cesspool.  And the truth is that at this point there is very little real difference between most Democrats and most Republicans.  The corruption in Washington D.C. runs extremely deep, and very few politicians are able to enter that environment without being fundamentally affected by it.

In recent times, midterm elections have become primarily about punishing whoever is in the White House.  In this case, there is definitely much to be dissatisfied about as far as Barack Obama is concerned.  In fact, many consider him to be the worst president in U.S. history, and that is saying a lot.

But despite the millions upon millions of votes that were cast by concerned Americans on Tuesday, very little is likely to change in the way that this nation is governed. Continue reading

High Debt, Low Integrity

The government shutdown is over. It is back to business as usual – that is, the usual business of out-of-control government spending. As of this writing, the U.S. national debt is over $17 trillion which amounts to $53,764 per citizen, $148,756 per taxpayer (according to USDebtClock.org). The six largest federal budget items are, in order: (1) Medicare/Medicaid ($860 billion); (2) Social Security ($812 billion); (3) Defense/Wars ($607 billion); (4) income security ($349 billion); (5) net interest on the debt ($261 billion); and (6) federal pensions ($229 billion). These sums are astronomical, and signal financial crisis or national degeneracy or both. Continue reading

Why The Next War With China Could Go Very Badly For The United States

Most Americans assume that the U.S. military is so vastly superior to everyone else that no other nation would ever dream of fighting a full-scale war against us.  Unfortunately, that assumption is dead wrong.  In recent years, the once mammoth technological gap between the U.S. military and the Chinese military has been closing at a frightening pace.  China has been accomplishing this by brazenly stealing our technology and hacking into our computer systems. The Pentagon and the Obama administration know all about this, but they don’t do anything about it. Continue reading