Stumbled across this recently: China aims to become custodian of foreign sovereign gold reserves to strengthen its standing in the global bullion market, according to people familiar with the matter. The People’s Bank of China is using the Shanghai Gold Exchange to court central banks in friendly countries to buy bullion and store it within […]
The Twilight of Neoliberalism
Starbucks sells expensive sugared drinks, and some of them have coffee in them. It’s been very profitable and despite some declines, remains so. The CEO was paid about $96 million last year. He was brought in to “turn Starbucks around”, and his main moves have been towards returning Starbucks to its roots as a “third […]
It should be that almost always they do what they promise, and they meet their goals. An American-Chinese silicon valley type spent some time in China recently (I don’t agree wit the whole article, but you should read it), and among the bits that stood out to me was this: In the US, when politicians […]
Some years ago I wrote an article about how to run a real left wing government. Seven Rules for running a real left-wing government Of course, it was really a guide for how to change the ruling ideology of a society. Because, yes, elites, apparatchniks and what as might be called a deep state state […]
I think we can put a peg in this. For years everyone’s being “we’re going fascist.” It’s done. It’s over. The US has gone fascist. Purges of the military, intelligence and law enforcement agencies to install personal loyalists; Troops in the capital, armed, with law enforcement rights, and a promise to do the same in […]
The US government is to take a 15% cut of Nvidia and AMD chip sale profits to China. There are also discussion of taking a 10% stock share in Intel. Meanwhile the Pentagon has taken a hundred million dollar stake in a rare earth miner, and guaranteed minimum prices. As Albert Pinto notes, this isn’t […]