WARNING TO READERS HERE: WordPress seems to have these reoccurring problems with the stability of their posting systems. For example, their HTML setting often don’t work. So I am going to have to change the way I post here and resume the method I used at other web sites instead of using the automatic ‘post to front page’ option. Continue reading
Category Archives: free trade
In between fear mongering conspiracy sites screaming that someone created the H1N1 virus to make money for doctors, there is real news. Some of the real news is real scary. Why aren’t people scared of real news? I wonder about this all the time. Anyway, instead of spreading hysteria, let’s visit the Japanese Auto Manufacturing Association to see how their colonization of the US auto markets is rolling along. Continue reading
Below is a series of graphs and charts from the International Monetary Fund. The IMF believes that the recovery from this New Great Depression will be very swift and very powerful. To back this up, they produced a report and lots of fun information. Instead of plowing through the chit-chat, I decided to use some of their own information to see what is really going on here. Continue reading
This is the latest IMF GDP growth graph. The redder the country, the greater the growth rate. The green parts are the slow or no growth parts. Note that China is the biggest ‘fast growing’ portion. Europe and the United Kingdom parts [Canada and Australia, for example] are all very slow growing as is Japan. The US grew its GDP but did this via growing our debts. Notice how the graph above shows a sudden surge from a bottom that is the beginning of 2009. Right. Also, the lines of the chart are, blue is the BRIC nations like China and India, grey is the world total and red is the G7 nations. And guess what? The differential in growth rates are supposed to remain? In 1998, they were the same growth rate. But even in this massive decline, are still nearly as wide apart as at the height of the credit bubble! Not good news for us, in the US. Continue reading
The deification of various hot-shot financial wizards is now coming to an end. The very last ones, the Perot clan, Warren Buffett, the Donald Trumps of the high-flying super-rich are all going into the dustbin of history. It was very easy to be fooled by these con men. Buffett, for example, made a huge show of PRETENDING to be against the madcap derivatives market only to see his own ship begin to sink due to this exact same market. And Perot, the guy with the charts and graphs who seemed to know what was going on, went piratical and ended up leveraging itself straight to the doors of bankruptcy. And Trump is going bankrupt, yet again. Continue reading
An American professor in China and I have an argument. Of course, he can’t read my blog since the Chinese government has me censored there because they don’t want people to know what I know. HAHAHA. As the IMF and WB join the G7 leaders in trying, yet again, to restart the Japanese carry trade and to flood the world yet one more time with a flood of easy lending, it is time to look at the Chinese plans. They are buying gold! And working with OPEC to control world oil prices!!!! WOW. I know the G7 leaders are in hysterics about both. They hope to prevent this from happening. They fear the reimposition of the gold standard. Continue reading
I was woken up a 4:45am by one of my readers, Josh Smith. He was up much of the night and wandering around the George Washington campus in Washington, DC, when he saw a line of limos arriving for the WTO/G7/IMF meeting. The police immediately pounced on him and ordered him to leave the neighborhood. But he went across the street to take a photo for me for I was now on the phone.