A Labor Of Love With The Golden Jackass

Well, here we are…the unofficial end of summer. It’s Labor Day weekend here in the U.S. which means we are in the midst of a 3-day weekend. And you know what that means here at TFMR! Fresh Jackass for everyone! When Jim and I recorded this back on Thursday, time was somewhat short…

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De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S…

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On The Coming Collapse Of China’s Ponzi Scheme Economy

Authored by Jake Van Der Kamp via The South China Morning Post, So much production in industries like steel is based on demand for more production, but should that demand falter, the whole system could come crashing down Friends who have a greater interest than I do in reading the tea leaves in Be..

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China Steel Output Hits All Time High, Setting Stage For Escalating Trade War

While the long-term consequences of Trump’s first trade war salvo launched today will become obvious only in hindsight, it may have come at an opportune moment: just as China prepares to flood the world with record amounts of steel…

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Trump Warns Xi: Trade War With China Begins Monday

As if there weren’t enough geopolitical stress points in the world to fill a lifetime of “sleepy, vacationy” Augusts, late on Friday night President Trump spoke to Chinese President Xi Jinping and told him that he’s preparing to order an investigation into Chinese trade practices next week, accordi..

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Unexpected North Korea Breakthrough Delays Trump Trade War With China (For Now)

A global punitive campaign on North Korea propelled by sharp new U.N…

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