Monday, May 27, 2019

China recession is overdue

"When I wrote Tomorrow’s Gold, geopolitical tensions were not as big a factor as they are today. At the time, China was not yet a dominant economy. Today, China is a dominant economy. In the larger scheme of things, China is still in the early stage of development."

Tuesday, February 26, 2019

The Neo-cons have antagonized both China and Russia

I think for the first time in Bretton Woods, we have less confidence or less faith in the U.S. dollar as a reserve currency. I think the U.S. policymakers, especially the Neo-cons, had the talent to antagonize Mr. Putin and also Mr. Xi in China.

By doing that, they have actually managed to get them closer into an economic and political alliance. And the goal of these two countries, Russian and China, is probably to gradually move away from a dollar system. I'll tell you, I personally, I'm not a U.S. citizen, I'm just an international observer of economic, financial, and political trends. I cannot imagine a foreign policy that would be worse for the U.S. itself than what the Neo-cons have engineered. I just can't imagine.