The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
Tag: consumer goods
How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’
Import tariffs placed on more than US$300 billion worth of Chinese goods during the Trump administration increased US prices, according to a report from a bipartisan US trade commission, confirming a widely held view among analysts of trade and tariffs that they caused “self-inflicted harm”.
How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’
Sanctioning China Will Destroy The Dollar | America’s Ultimate Mistake
If the United States and its allies impose sanctions on China, this could be the greatest financial mistake in all of modern history. Unlike Russia, China is more resilient and has deeper ties across the global economy. Punishing China will likely backfire against the dollar and unleash a de-dollarization wave that could knock it off the reserve status. Here’s what you must know!
Sanctioning China Will Destroy The Dollar | America’s Ultimate Mistake via Sean Foo
Related:
One Year After Russia Mega Sanctions, Senate Asks ‘Can We Do Same To China”
Democratic People’s Republic of Korea (North Korea): Full Text of Kim Jong Un Speech On Nuclear Weapons Policy
We are pleased to present to our readers a very significant policy speech given by Kim Jong Un, the General Secretary of the Korean Workers Party and President of State Affairs. In this speech, he clearly warns the United States that he and his government are prepared to defend the Democratic People’s Republic of Korea (DPRK, known in the US as “North Korea”), including the use of nuclear weapons if the DPRK is faced with an invasion from the USA, the South Korean puppet regime of the US, or both.
The context of the speech is important. As we wrote in the previous article to this one, the United States has engaged in decades of deadly provocations against the Korean workers state in the form of constant “war games” in preparation for initiating an attempt to overthrow the DPRK and restore capitalist exploitation to North Korea. However, in the past several years, the United States has started to openly proclaim its intention to “decapitate” the leadership of the DPRK in a massive attack from South Korea which may include the use of nuclear weapons to destroy the defensive underground bunkers which the workers of the DPRK constructed to survive the massive bombing campaign the US launched against them in the Korean War, killing an estimated 3 million North Koreans. In response, North Korea has – in spite of crushing US sanctions that have caused immense suffering for the workers of the DPRK – embarked on a crash program to develop a nuclear arsenal capable of defending their country. We wholeheartedly agree with this heroic attempt by North Korea to defend itself from the psychotic warmongers of the US imperialist capitalist class and their murderous gangster regime in Washington. The US government is the #1 terrorist threat in the world today! Defend the DPRK! End All Sanctions Against the DPRK Immediately! US Out of the Korean Peninsula Now!
Democratic People’s Republic of Korea (North Korea): Full Text of Kim Jong Un Speech On Nuclear Weapons Policy
West’s neoliberal ‘age of abundance’ is over, as war and sanctions boomerang home
Aug 27, 2022 — France’s President Emmanuel Macron, a former banker, warned “we are living the end of what could have seemed an era of abundance.” Western wars and sanctions are boomeranging back at home. The neoliberal phase of capitalism is collapsing.
Neoliberalism has lost the key pillars it was built on: cheap energy and raw materials from Russia, cheap labor and consumer goods from China, an unsustainable bubble of household debt, low to zero interest rates, and Washington’s ability to organize regime-change operations in any country where a government tried a socialistic or state-led economic model.
West’s neoliberal ‘age of abundance’ is over, as war and sanctions boomerang home via Multipolarista
Lions Not Sheep Busted for Faking ‘Made in USA’ Tags
Lions Not Sheep, which sells a series of T-shirts and other apparel with pro-Trump and conservative messages, agreed to pay a $211,335 fine to the Federal Trade Commission after it was busted removing “Made in China” tags and replacing them with ones claiming the items were made in the U.S.
Lions Not Sheep Busted for Faking ‘Made in USA’ Tags
[2014] China and the Middle East: More Than Oil
China and the Middle East: More Than Oil
While China’s heavy dependence on Middle Eastern oil is an established fact, less is known about China’s early efforts to establish broad energy ties with the Middle East. Back in 1983, before the Chinese economy really took off, the overseas construction arm of China National Petroleum Corporation (CNPC) moved into the Kuwaiti market and later won an oil storage reconstruction project in 1995. Beijing also signed the Strategic Oil Cooperation agreement with Saudi Arabia in 1999, which laid the foundation for Saudi Arabia to become and remain China’s largest oil supplier. In exchange for stable crude supply, China has courted Saudi investment for expanding its refining capacity. One example is China Petroleum and Chemical Corporation’s (SINOPEC) meeting with Saudi Aramco to discuss a stake in a $1.2-billion refinery in the Chinese city of Qingdao. The two sides further joined hands in a $3.5-billion venture in Fujian province that included greater refinery capacity.4
Ms. Cat’s Chronicles 
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