When the US economy crashed in a deflationary vortex during the global financial crisis (and just after the time giant yen carry trade imploded), it seemed to many that another great Depression was assured. However, after a brief period of pain, both the US and the world economy staged a remarkable rebound which, we learned after the fact, was thanks to a unprecedented releveraging undertaken by China, which issued trillions in new debt and used the proceeds to not only build countless ghost cities, but to spark an inflationary tsunami around the world which helped the world economy recover from its depression on very short notice. Continue reading “Beijing Helicopter Taking Off: China Central Banker Calls For Direct Money Transfers To Households”
Posted: August 3, 2024
Categories: News
After introducing multiple bills over the past week aimed at launching a war with Iran for threatening Israel’s security, Senator Lindsey Graham (R-SC) declared Thursday on Twitter that “now is the time” to “go on offense.” 
British PM Keir Starmer promised to crackdown on the “far-right” and free speech after a Rwandan teenager stabbing three British girls to death in the town of Southport triggered fiery protests. 
Former President Donald Trump is losing the Jewish vote to Kamala Harris in a new poll, despite pledging to give the Israel Lobby total power over Congress and making support for the Jewish State a centerpiece of his campaign. 
One of the Israeli Defense Force soldiers suspected of raping a Palestinian detainee at the Sde Teiman military base in Israel told the media that military police interrogators “applauded us.”