The end of the de facto petrodollar standard has profound and lasting implications for the US dollar, oil, and gold. The US is the epicenter of the global financial crisis and economic downturn, but the US continues to exercise disproportionate control of the oil trade and to enjoy the unique status...
Posted to
Hera
by
Ron Hera
on
Fri, Oct 23 2009
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Filed under: Federal reserve, US dollar, Asia, Asian Tigers, USDX, Oil, central banks, G20, BRIC, China, petrodollar, Gold, natural resources, GNX, money supply, WTIC, IMF, OPEC, Bretton Woods
See Pat Buchanan 's commentary in the November 11issue of CNSNews.com: http://www.cnsnews.com/public/content/article.aspx?RsrcID=39124 . Buchanan points to the unfair advantages that China has created by devaluating and keeping its currency cheap, thereby favoring and protecting its industry, and...
The bleeding-heart liberal do-gooders! Puzzlingly, this Heritage Foundation essay completely fails to mention the predominant role of the state and the lack of property rights in generating the problem. They make Tom Friedman seem like the real advocate of freedom . [Snark alert: high]
Here's the money quote from Tom Friedman 's interesting op-ed at the Sunday New York Times : " The problem for the ruling Communist Party is this: China can’t have a greener society without empowering citizens to become watchdogs and allowing them to sue local businesses and governments...
The right-wing Business & Media Institute has published a rather confused piece by Chris Horner , senior fellow at the Competitive Enterprise Institute , in which Horner, while noting China's progress along the environmental Kuznets curve (as I discuss here ), prefers to wring his hands that...
Sorry; this was too good not to share: http://www.theonion.com/content/video/china_celebrates_its_status_as . China has now outstripped the rest of the world in GHG emissions, as well. Government ownership of (and favoritism to) much of industry, a lack of clear or enforceable property rights and an...
Yingling Liu , manager of the China Program at the Worldwatch Institute , has praised recent steps by Chinese water authorities to clarify rights to water and to encourage water trading as a means to resolve serious issues over the use of water. Here are a few key excerpts for the article ("Water...
As I noted in my April 15 post, http://mises.org/Community/blogs/tokyotom/archive/2008/04/15/bush-hoist-by-own-petard-prepares-global-warming-initiative.aspx , President Bush has indeed just made a specific policy statement on climate change . There is much in it to discuss - and disagree with - in what...
More at the Washington Times: http://washingtontimes.com/article/20080414/NATION/676175489/1001 And at the Wall Street Journal's enviro blog: http://blogs.wsj.com/environmentalcapital/2008/04/14/green-bush-white-house-to-push-climate-package/?mod=WSJBlog And, finally, at a press briefing at the White...