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MCGA? State of Massachusettes hires Chinese firm, not American, to build new metro line

President-Elect Donald Trump campaigned on a pledge of Making America Great Again (MAGA).  But it appears that before this can be done the country needs to improve its capabilities in several engineering areas. And as validation of this, all one has to do is look to the state of Massachusettes, which has decided to hire a Chinese firm to build its new $270 million metro line, and did so with a no-bid contra ...

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Bitcoin volatility not tied to the crypto-currency itself, but the corruption of the exchanges

Over the past month we have seen the price of Bitcoin in multiple currencies travel as if on a roller coaster... shooting to nearly its record all-time high, then falling just as fast and almost as far as to when the move up started.  And this volatility has been without a doubt due to the actions of Chinese bitcoin investors. However there are questions circulating out there that need to be addressed, incl ...

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Bitcoin surge from Chinese population leads to further capital controls directed against digital currency

As the Chinese Yuan has experienced intense pressure in recent weeks due to the dollar climbing over 100 on the index, the government has sought to institute stringent capital controls to prevent capital flight by the people wanting to flee out of their currency.  Yet this is exactly what has been happening as multitudes of Chinese have found Bitcoin to be the best and most fluid middleman to move their wea ...

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Just as with Japan in the 80’s, China seeks to expand their industry on the U.S. mainland in 2017

The world changed when President Richard Nixon closed the gold window and took the dollar off the Bretton Woods standard back in 1971 as it led to nearly a decade of recession, and a changeover in their long-standing positive trade deficit.  And even with the short lived economic recovery in the 1980's under Ronald Reagan, the die was cast for newer economic powers to one day usurp American industry. When a ...

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Santa stopped in China this Christmas season to pick up gifts, rather than to drop them off

Politicians and economists love to use generic words that have infinite meanings dependent upon the perspective of the speaker.  One in particular is the concept of 'free trade', whereby its meaning over the past 20 years is for companies to manufacture items anywhere that offers the cheapest labor, then sell the produced items back to the very people who used to produce them to begin with before the advent ...

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Bitcoin skyrockets to over $900 as currencies begin to crater in China, Canada, and Australia

Over the past three days, Bitcoin has soared by more than $180 as it climbed over $900 per coin for the first time in three years.  And expectations of the crypto-currency crossing over the $1000 USD threshold before the end of the year is not out of the realm of possibility. The primary reasons behind this parabolic move is the collapsing of several currencies late this week which include China, Canada, an ...

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China going full bore in a gambit to wean the world off the dollar

Last week while the United States was saturated with stories about fake 'Russian hacks', a fake Constitutional crisis regarding the potential of 'faithless electors', and the fake euphoria of Dow 20,000, China had signed new agreements with seven countries to facilitate them conducting bi-lateral trade outside the dollar.  And what makes this news extremely important is that there are now 23 economies that ...

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Iran looking to forge even stronger ties with Russia as they finalize a trade agreement with the EEU

With Russia already having strong ties to the Shiite sect of Islam through their military pact with Syria, it is only natural that Iran would also find them a willing ally within the divided Middle East.  And with the work they have already done together in building Iran's nuclear facilities, Tehran is now looking to increase that partnership by forging a trade agreement with the Eurasian Economic Union (EE ...

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New study shows that the Reworking of trade deals with China is not just a luxury, but now a necessity

The beginning of the end for America's middle class began during the late 1990's and is now on life support following eight years of Barack Obama as head of the country.  And in that time the one nation who has benefited the most from NAFTA and GATT is the one with the largest rising middle class in the world. China. Yet coupled with this decline in high paying jobs because of corporations offshoring labor, ...

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The real Asian pivot: Russia and China see potential in the ending of sanctions and U.S. joining the AIIB

As President Barack Obama gets ready to go out on his final foreign 'road show' this week, the world waits in anticipation to see if President-Elect Donald Trump could not only heal the wounds of disassociation that America has suffered over the past eight years under Obama's foreign policies, but if the new Commander in Chief is ready and willing to be an equal partner in forging a new financial and econom ...

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U.S. Democratizing the world with poverty

For decades now the U.S. government has used the term 'Democratization' for justifying their going into foreign countries and either assassinating their leaders, or sanctioning their economies.  And as a result, nearly all the nations Washington has sought to invade or interfere with have resulted in a complete loss of economic wealth, and a move towards extreme poverty following their insurgence. Take for ...

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As Bitcoin crosses back over $700 look for an even higher price with new burst of Chinese buying

On Oct. 29 Bitcoin soared back over $700 as global financial worries make holding any currency other than the dollar a risky proposition.  And with China engaging in a new round of currency devaluation for the RMB over the past few weeks, Chinese investors have been once again rushing into the crypto-currency as a safe haven. Earlier this week, we pointed out that after tracking the recent drop in the Yuan ...

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