Chinese billionaire and Alibaba founder Jack Ma believes that improper distribution of funds and hyper inflated US military spending, not globalization or other countries “stealing” US jobs, is behind the economic decline in America. Continue reading Nobody’s Stealing Your Jobs, You Spend Too Much on Wars | Alibaba’s Jack Ma
In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington’s role has been disguised only very superficially. Continue reading Washington is Behind India’s Brutal Demonetization Project
There is an ongoing debate on the merits of capitalism and socialism. It has been strongly argued that Socialism breeds dependency and unproductive citizenry.
For any financial system to work, it must earn the respect and trust of its participants. This requires every financial instrument to have the integrity as to its true value and redeemability, as readily established through a mutually verifiable transparent mechanism.
Business and political leaders are gathering today in St. Petersburg, Russia. The various interest groups present are aiming for a full industrial integration worldwide.
The Transatlantic Trade and Investment Partnership is not just meant to isolate China from global trade but to weaken what’s left of the protective trade barriers that nations are struggling to sustain.
Some very striking developments between East and the West in the realm of economics are happening very recently. What we thought would take more years to start is already here.
The Silk Road is well on course and the first train of goodies from China has arrived in Iranian railway terminals to inaugurate post-sanction Iran.
The highly anticipated elimination of cash in favor for full electronic transactions is about to be implemented in Norway, Denmark, and Sweden.
International cargo vessels today are all docked and anchored in most seaports all over the world, and the last trips they may have had were for the December holidays shopping spree.
As of yesterday, the most prominent global indicator for international shipment of physical goods, the London-based Baltic Dry Index, is in free fall.