Bretton Woods (I) Will Be Replaced by Bretton Woods (II) In his recent interview at Manioco64 Alasdair Macleod used the term “Bretton Woods II” to describe the steady progress being made by China to make [more…]
For many years now it seems that the state of a nation’s economic health has been reduced, at least in the mainstream press, to one metric—Gross National Product (GDP). Despite rising prices, increasing public and [more…]
US President Donald Trump has kicked off a tit-for-tat tariff war, claiming that foreign tariffs against American goods harms America and that American tariffs against foreign goods are essential to rebuild America’s manufacturing base. Frankly, [more…]
In a previous article I suggested that the BRICS, lead by China and Russia, might offer an alternative international trade settlement system that would be independent of the US and the dollar. The BRICS have [more…]
There is much gnashing of teeth and pulling of hair by just about every leader in the West, especially by an almost apoplectic President Trump, over a so-called “sinister threat” by the BRICS nations to [more…]
For a long time political pundits have wished that the US government was run “more like a business”; thus, believing that a businessman would be preferable to a politician. A businessman’s goal is to make [more…]
The world is being driven to war, possibly nuclear war, by current leaders who want their citizens to believe that that there are no other options. This is patently NOT TRUE. Let us explore first [more…]
President Trump’s tariff blitz has shocked and alienated almost all students of economic science, but he seems to have a loyal following of support among the electorate. Students of economic science have a rich history [more…]
After much ballyhoo and euphoria over Elon Musk’s DOGE findings, it now appears that the federal budget will not decrease one penny this fiscal year. What went wrong? As a long-time consultant in the banking [more…]
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