US President Donald Trump has already stated the need to lay all the blame and responsibility for spreading the coronavirus to China. The possibility of making multi-billion claims was voiced. Politicians on behalf of the head of the White House are exploring the possibility of introducing new duties and sanctions against Beijing.
A central bank-financed UBI can fill the debt gap, providing a vital safety net while preventing cyclical recessions.
On 29 January WHO Director-General, Dr. Tedros Adhanom Ghebreyesus, said that there was no reason to declare the outbreak of the coronavirus 2019-nCoV in China a pandemic risk. On 30 January, he declared the virus an international emergency, but made clear that there was no reason for countries to issue travel-advisories against travelling to China. Let me speculate. The ‘international emergency’ was declared at the request of Washington, and the comment against the travel-advisory was an addition by Dr.
The west has colonized, exploited, ravaged and assassinated the people of the Global South for hundreds of years.
Up to the mid-20th Century Europe has occupied Africa, and large parts of Asia.
The IMF, has been instrumental in helping destroying the economy of a myriad of countries, notably, and to start with, the new Russia after the fall of the Soviet Union, Greece, Ukraine and lately Argentina, to mention just a few. Madame Christine Lagarde, as chief of the IMF had a heavy hand in the annihilation of at least the last three mentioned. She is now taking over the Presidency of the European Central Bank (ECB).
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the trade and tariff war that has now escalated into a currency war between the U.S. and China.
Many investors and analysts believe that China’s retaliation measures, which could hurt Chinese businesses, are focused on weakening Trump’s chances to win the White House in 2020 so China could have a Democratic leader to negotiate an easier deal.
Trump continues to push the US towards a protectionist economy, with the aim of bringing back manufacturing.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the economic and political divorce unfolding between the U.S. and China.
President Trump announced last week that the U.S. would add 10% tariffs on $300 billion of Chinese goods starting Sept. 1. When that tariff takes affect, the U.S. will have imposed elevated tariffs on all goods it buys from China.
What if tomorrow nobody but the United States would use the US-dollar? Every country, or society would use their own currency for internal and international trade, their own economy-based, non-fiat currency. It could be traditional currencies or new government controlled crypto-currencies, but a country’s own sovereign money. No longer the US-dollar. No longer the dollar’s foster child, the Euro.
Home ownership has been called “the quintessential American dream.” Yet today less than 65% of American homes are owner occupied, and more than 50% of the equity in those homes is owned by the banks.
