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Tag Archives: Communist Party

China’s Superplan; Or, The Familiar (Dollar) Disorder of Bumbling Failure

Always aspiring to technocratic greatness, China’s Communist Party is set up to run like clockwork. It’s supposed to go off in predestined fashion, a course programmed into the vast apparatus by highly proficient experts. It is, or is supposed to be, comforting that order and control over the complex main spheres of daily life can be managed down the detail and on a preset schedule. Every five years, the Communist Party holds its Congress. The main meeting is devoted to the big stuff. The...

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The U.S. Is Not A Democracy, It Never Was

Authored by Gabriel Rockhill via Counterpunch.org, One of the most steadfast beliefs regarding the United States is that it is a democracy. Whenever this conviction waivers slightly, it is almost always to point out detrimental exceptions to core American values or foundational principles. For instance, aspiring critics frequently bemoan a “loss of democracy” due to the election of clownish autocrats, draconian measures on the part of the state, the revelation of extraordinary...

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Trump Receives Hero’s Welcome In Beijing As Chinese Roll Out The Red Carpet

Ever since President Donald Trump and Chinese leader Xi Jinping shared a slice of chocolate cake at Mar-a-Lago in April, many have speculated about the burgeoning “bromance” between two of the world’s most powerful men. Well, if anybody had any doubts about thelr “special relationship”, the opulent welcome that the Trump’s received upon landing in Beijing should put them to rest. A red carpet, military band and flag-waving children met Trump and first lady...

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Bitcoin Surges Back Above $4600 For The First Time In A Month

Bitcoin continues to march back towards its record highs, breaking back above $4600 for the first time since September 8th.     So what will it take for the digital currency to get back to record highs above $5000 and beyond? Forbes' Panos Mourdoukoutas offers several possible catalysts... The return of buzz, which will bring buyers back to the market. And that will take a catalyst, like the rollback of China’s ban on Bitcoin and other cryptocurrencies, which killed...

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Bond Market Bulls Embrace China Debt Downgrade

It appears credit ratings agencies simply get no respect... Four months after Moody's downgraded China to A1 from Aa3, unwittingly launching a startling surge in the Yuan as Beijing set forth to "prove" just how "stable" China truly is through its nationalized capital markets, S&P followed suit this week when the rating agency also downgraded China from AA- to A+ for the first time since 1999 citing risks from soaring debt growth, less than a month before the most...

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Confusion Grows Over China “Bitcoin Exchange Ban”: 3 Largest Exchanges Have Not Received Any Official Notice

Bitcoin continues to hover near last week's post-ICO-ban lows having given up the rebound gains on headlines proclaiming China plans to shut local Bitcoin exchanges - a problem since the country accounts for 23% of global trading. However, the China's 3 biggest exchanges have still not received anything official with regard the ban and Russia's finance minister has outspokenly proclaimed "there's not point in banning" crptocurrencies. Confusion remains the biggest...

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The Hypocrisy Of AntiFa

Authored by Jonathan Turley via The Hill.com, The University of California in Berkeley was again the scene of violence recently, as protesters claimed license to silence those with whom they disagree. Their fight against “fascism” took the form of not just stopping a speech, but assaulting those who came to hear it. For those of us at universities and colleges, these counter-demonstrators, and in particular the masked antifa protesters, are a troubling and growing presence on our...

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Thrill-Seeking Chinese Tourists Rush To Visit North Korea “Before The Regime Collapses”

While nearly two-thirds of Americans view North Korea as a “serious threat” and most would rather vacation literally anywhere else following the death of college student Otto Warmbier, Chinese adventure-seekers are visiting the North in ever-greater numbers, according to Reuters. The wave of tourism has been inspired by the fear that the latest escalation between Pyongyang and Washington might lead to the toppling of the Kim regime, which has successfully kept the forces of...

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Chris Whalen: “Gundlach Isn’t Wrong, He’s Just Early”

Chris Whalen, Chairman of Whalen Global Advisers and a very well-known financial analyst (he was one of the original forecasters of Lehman's inevitable demise) appeared on MacroVoices podcast this week to discuss the equity valuations, the path of the US dollar and DoubleLine Capital founder Jeff Gundlach’s declaration that the 35-year bull market in bonds is dead. Some of the key highlights: "Erik: I want to start with the US dollar because, you know, we’ve had quite a...

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CIA Director Mike Pompeo: Trump’s “An Avid Consumer” Of Intel, Will “Punish Leakers”

In his first interview since becoming the head of the CIA, Mike Pompeo pushed back against accusations that President Donald Trump doesn’t read his daily intelligence briefings, claiming that the president is “very interested” in what’s happening at the intelligence communities and that his daily in-person briefings with the president typically run longer than their allotted time. Pompeo tells MSNBC that Trump is a demanding boss who asks “great questions”...

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