Trump Blasts China, EU For ‘Currency Manipulation’
"The currency war has arrived. So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market."
California Rep. Supported By Banks Pushes For Federal Cryptocurrency Ban
"'We should prohibit U.S. persons from buying or mining cryptocurrencies,' the California Democrat - whose largest donor is credit card processor Allied Wallet - declared."
U.S. deficit now projected to top $1 trillion starting next year
"The White House budget office now estimates that the deficit will rise to nearly $1.1 trillion in the fiscal year that begins this October, or 5.1% of gross domestic product, up from $984 billion projected in February’s budget proposal. The U.S. ran a deficit of $666 billion for the fiscal year that ended Sept. 30, 2017, or 3.4% of GDP."
First 50 South African farming families to resettle in Russia due to land confiscation
"Roughly 15,000 Boers are ready to leave their country and begin a new life in Russia."
Latest Sign of China’s Slowdown: A Technology Cash Crunch
"In private conversations, investors, entrepreneurs and economists admit that with the high debt level and a trade war with the United States, the room for government maneuvering is shrinking. The degrees of pessimism vary, but many of them are bracing for a tough ride ahead. They told me to change all my savings into gold, a risk-management measure for extreme times. They worry that the trade war will hurt the tech and the venture capital industries because they operate globally."
China: “Vicious Circle Of Panic Selling” From Marketwide Margin Call
"About $1 trillion worth of stocks listed in China's two main markets, Shanghai or Shenzhen, are being pledged as collateral for loans. This trend has exploded in the past three years."
Central Bank Panics As China Suffers Its Biggest Bankruptcy Of 2018
"Beijing once again changed the game with their aggressive deleveraging campaign, which sent shadow credit creation crashing to record lows just last month."
US Expropriates, Imprisons Bitcoin Trader For Carrying Cash in a Trader Joe’s Sack
"The most telling thing about the entrapment prosecution is the sentencing memo, which blatantly lays out the feds' fear and contempt for any attempt to keep a financial transaction private, whether or not anything inherently illegal is happening."
Feds secretly rolling out real estate cash reporting rules to more states
"Officials no longer want to publicize what kind of transactions fall under the reporting requirement. They worry that making too much information public will give money launderers a road map to stay off the radar of regulators."
U.S. to impose ‘national security’ tariffs on uranium imports
"The 'Section 232' probe was prompted by a petition filed by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, complaining that subsidized foreign competitors have caused them to cut capacity and lay off workers."