It’s Not China – Time To Learn The Lesson of August 15, 1971

ChinaHarley Schlanger – With legitimate warning signs that a “significant correction”, or even a global financial collapse is imminent, the usual gaggle of idiots pontificating in mainstream media venues are madly pointing fingers at President Trump. He is wrong, some proclaim, for focusing on the Federal Reserve and interest rates, while others point to launching a trade war against China as the cause of the present deepening crisis.

They blather on about the danger of “inverted yields” on bond markets, while they argue about whether the U.S. or China is “winning” the trade war, putting forward a blizzard of talking points which are minimally confusing, and ultimately designed to convince listeners that there is no alternative but to “batten down the hatches,” and “stay the course.”

Continue reading “It’s Not China – Time To Learn The Lesson of August 15, 1971”