Iran Arranges First Import Using Cryptocurrency
By Tyler Durden In a groundbreaking development, Iran has made its first-ever import arrangement using cryptocurrency, according to Iran’s Tasnim News Agency. “This week, the…
Trade
Why Record US Port Congestion May Lead To Historic Trade Deficit Blowout, Dollar Plunge
By Tyler Durden While it should come as no surprise to those who have been following our reporting on the epic bottlenecks and congestion across…
At the Rate We’re Running Out of Semiconductors, We May Not Have to Wait for an EMP to Take Down Almost Everything
By Robert Wheeler The recent warnings of an imminent collapse in the U.S. aren’t paranoia or typical doom saying by writers warning of crashes for…
“Enormous Legal Issues” — Next Chapter Of Suez Crisis Is To Add Up Damages
By Tyler Durden The giant Ever Given container ship was dislodged from the Suez Canal bank on Monday, and traffic has since resumed, with more than 400…
Suez Canal Crisis Could Cause Far More Supply Chain Damage Than Anyone Imagined (Updated)
By Robert Wheeler Update from Zero Hedge: Megaship Blocking Suez Canal Has Been “Freed” (0944ET): With Ever Given officially dislodged and transiting down the canal,…
Suez Canal Blockage Could Be Used By Israel/UAE To Justify Their New Trade Route
By Robert Inlakesh The ongoing blockage of the Suez Canal, which occurred this past Tuesday, has caused a financial catastrophe and could open up the…
Suez Canal Blocked: A “Worst Case Scenario for Global Trade”
By The Ice Age Farmer The Suez Canal’s blockage by a ship run aground is emblematic of the cascading failures in the global economy: a…
Will Coronavirus Crater Hopes Of A Global Recovery As World Trade Tumbles?
By Tyler Durden The global economy is faced with a synchronized slowdown as central bank ammunition to fight the next global recession is limited. Monetary…
Yes, China Is a Currency Manipulator — And the U.S. Banking System Is a Metals Manipulator
By Stefan Gleason The U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be “currency manipulators.” The…
New Research: “Approximately 100 Percent” of Tariffs on Chinese Goods Fall on Americans
By Mac Slavo According to a new National Bureau of Economic Research paper, “approximately 100 percent” of the costs associated with the tariffs on Chinese…
The Masses Are Being Conditioned To Ignore The Economic Bubble
By Brandon Smith In the second week of October, after the “partial” U.S.-China trade deal was announced to much fanfare, I made this prediction: US…
Independent Study Confirms: Americans Are Paying For The Trade War, NOT The Chinese
By Mac Slavo Yet another independent study has confirmed what we warned about from the beginning: Americans are paying for the trade war, not the…
Geopolitical Signals Of Global Economic Crisis Abound
By Brandon Smith As I write this, news feeds are buzzing with questions and confusion over the October US/China trade talks. In September there was…
China Takes A Comprehensive Trade Deal Off The Table, And That Is Disastrous News For The U.S. Economy
By Michael Snyder The Chinese never intended to make a deal, and now they are publicly admitting it. For months, I have been warning readers…