China Says That There Will NEVER Be A Trade Deal Until The U.S. Agrees To Their Demands

China Says That There Will NEVER Be A Trade Deal Until The U.S. Agrees To Their Demands By Michael Snyder Unless someone backs down in a major way, this trade war is going to last for a very long time, and the Chinese have made it exceedingly clear that they are never going to back down on the core issues.  So that means that the only way out is for President Trump to back down, and with an election looming in 2020, his advisers are telling him that now is…

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Trade War Causing Severe Pain As Farm Bankruptcies Surge Way Past The Level From The Last Recession

Trade War Causing Severe Pain As Farm Bankruptcies Surge Way Past The Level From The Last Recession By Michael Snyder Farmers all across the middle part of the country are going bankrupt at an astounding rate, and over half of all farms in America are now losing money.  The trade war with China has been the most devastating crisis to hit the U.S. farming community in decades, and at this point there is no end in sight.  Farm after farm is being financially wiped out, and we haven’t seen this…

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U.S. Accused Of “A Declaration Of War” Against China As Stock Market Teeters On The Precipice Of Disaster

U.S. Accused Of “A Declaration Of War” Against China As Stock Market Teeters On The Precipice Of Disaster By Michael Snyder Things are sure getting wild on Wall Street.  On Thursday, the Dow Jones Industrial Average plummeted almost 800 points before roaring back and recovering nearly all of those losses.  The Dow closed just 79 points lower for the day, and if you only looked at the final number you would be tempted to believe that there is not much reason for concern.  But these wild swings up and down…

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How the Trade War Helps Hide Central Bank Sabotage Of The Economy

How the Trade War Helps Hide Central Bank Sabotage Of The Economy By Brandon Smith Almost every aspect of the global economic downturn, which started ostensibly in 2007-2008 and is still ongoing to this day, can be traced back to the actions and policies of central banks. The Federal Reserve, for example, used artificially low interest rates and easy money to create a supposedly no-risk loan environment. This translated into a vast amount of toxic mortgage debt along with a web of derivatives (Mortgage Backed Securities) attached to that debt.…

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Wild And Unprecedented Price Fluctuations Are Causing Financial Chaos For U.S. Businesses

Wild And Unprecedented Price Fluctuations Are Causing Financial Chaos For U.S. Businesses By Michael Snyder In every war there is a high price to pay, and this trade war will not be any different.  The normal flow of goods and services around the globe is being severely disrupted, and even though this trade war has barely just begun, it is already having an enormous impact on the U.S. economy.  Even if we ultimately win this trade war and the Trump administration is able to achieve all of the goals that…

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