financial doomsday Tag

Trump can either ‘bite the bullet’ now if he really wants to improve the American economy or he can ‘kick the can down the road’ like his predecessors have, noted financial commentator Peter Schiff  tells MintPress. Source: Mint Press News Link:   “The spotlight is 10 times brighter and 10 times hotter than I thought it was two months ago,” Manziel said to reporters in July 2014 after he was reportedly hungover during Peyton Manning’s football camp.”I guess I feel like Justin Bieber or something. I never Replica Oakleys thoughtRead More
By Daisy Luther Venezuela is out of food. After several years of long lines, rationing, and shortages, the socialist country does not have enough food to feed its population, and the opposition government has declared a “nutritional emergency.” This is just the most recent nail in the beleaguered country’s slow, painful economic collapse. Many people expect an economic collapse to be shocking, instant, and dramatic but, really, it’s far more gradual than that. It looks like empty shelves, long lines, desperate government officials trying to cover their tushes, and hungry people. For theRead More
By: Fabrizio Moreira After seeing the latest string of events unfold right before our eyes, many are openly pondering whether we may see hyperinflation hit the US shores. But rather than ponder Trump’s latest executive orders or over the top pronouncements, let us first look at what hyperinflation is and how it works. What Is Hyperinflation? Hyperinflation is simply inflation that has grown out of control. The phenomenon is brought about by several factors although increased money supply is often the most likely culprit. Indeed, when monetary supply goes unchecked, theRead More
By: Farhah Aziz As you turn on your TV channels or browse through your daily newspaper articles, stories about Venezuela’s crippling economy is omnipresent. There is no war or intense political conflict in Venezuela. Then why do we see miles-long queue of people trying to purchase basic goods or why thousands of Venezuelans are taking the risk of crossing the borders to seek a better life in neighboring Colombia or even the Portuguese-speaking Brazil? WHY IS THERE AN ECONOMIC COLLAPSE IN VENEZUELA? Just a few years ago, Venezuela was cited to beRead More

Posted On February 7, 2017By HoudiniIn News

America, China and the risk of a trade war

Trade tensions will mount, but a destructive trade war can still be averted Jan 28th 2017 DONALD TRUMP’S quest to protect American workers from cheating foreigners has begun. But in his first flurry of policy tweets and executive orders, China, his favourite bogeyman, was conspicuously absent. On the campaign trail he deplored China’s currency manipulation, accused it of flouting global trade rules and threatened a 45% tariff on its exports, all to cheering crowds. Now, the world is waiting to see how much of this he meant.The promise to labelRead More
NEW YORK, 1 Feb 2017: The US dollar tumbled yesterday, headed for its worst start to a year in three decades, while stocks dipped as president Donald Trump added uncertainty to the market following stringent curbs on travel to the US from seven Muslim-majority countries. Comments from Trump’s top trade adviser Peter Navarro that Germany was using a “grossly undervalued” euro to gain advantage over the US knocked the US dollar in early North American trading. Trump followed up on those comments in a meeting with the chief executives ofRead More
By: Farhah Aziz Zimbabwe; a landlocked country known for Victoria Falls, Robert Mugabe and indeed the hyperinflation crisis. Who hasn’t heard of the infamous phase of hyperinflation crisis plaguing the country in the late ‘90s stretching into early 2000s? The annual inflation rate was indeed extremely staggering with a record high, 500 billion per cent as of 2009, ranked the highest in the world. So, what has caused this economic chaos to happen in the first place and where is this southern African economy heading to in the future? “Indigenization”Read More