Dollar doomed as China shifts to consumption

Morgan Stanley’s former Asia Chairman Stephen Roach and Bridgewater founder Ray Dalio, among others, have recently warned that the US dollar may lose a third of its value. A chronically low savings rate, a large current account deficit and a huge federal financing requirement, Roach…

Why China Rushes to Roll Out Digital Currency 

Commentary In April of this year, the Chinese regime announced that it would launch a digital currency pilot program. In early August, China’s four major banks—Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China—expanded digital currency testing…

What if they had a tech war and nobody cared?

A pacifist meme from the Vietnam protest era asked what would happen if they gave a war and nobody came. The US is conducting a tech war, but equity markets don’t appear to care. Neither did the Chinese currency, which strengthened sharply overnight. Harsher-than-expected US…

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