What happens when the two largest economies on the planet start fighting a trade war with one another? Well, we are about to find out. As you will see below, the U.S. has gone “nuclear” on China in a trade dispute over steel, and the Chinese response is likely to be at least as strong. Meanwhile, events in the South China Sea have brought tensions between the Chinese government and the Obama administration to a boiling point. The Obama administration strongly insists that China does not have a legal right to those islands, and in China there is now talk that it may ultimately be necessary to confront the United States militarily in order keep control of them. Most Americans may not realize this, but the relationship between the United States and China is officially going down the tubes, and this is likely to have very significant consequences during the years to come. (Read More...)
Trading
How Can The American People Ever Trust Congress Again After Learning Of The Rampant Insider Trading That Has Been Going On?
Will the shocking insider trading revelations that have come to light in recent days finally be enough to motivate the American people to start throwing all of the con men and charlatans out of Congress? On Sunday, 60 Minutes opened up a huge can of worms when it did a feature story on insider trading by members of Congress. Up until now, the vast majority of Americans had no idea that insider trading was actually legal for members of Congress. In fact, as will be documented later on in this article, members of Congress have been using secrets that they have learned during the course of their duties to make huge amounts of money in the stock market. If you can believe it, during the financial crisis of 2008 some members of Congress were making huge stock moves that would only pay off if the stock market crashed really hard at a time when they should have been focusing on creating legislation that would help the U.S. financial system survive. Why haven’t we heard more about this scandal from the mainstream media? It is hard not to feel sick after learning how low some of our “leaders” have stooped to enrich themselves. Now that the American people are learning the truth, how can they ever trust Congress again? (Read More...)