Greenland or Greenbacks

The twin controversies about the northern island and the FED could undermine the dollar and cast a shadow on the April summit with China. There is no formal link between the two. Yet they are connected in time – the crisis over Greenland, the island that US President Donald Trump wants for America, and the […]

In Go(l)d We Trust

It’s a battle for the hearts and minds of the rich. Will they believe in the old metallic foundation of money – gold — or the modern underpinning of currency — credit, and thus, after the Protestant Reformation, in God? The US dollar bears the inscription “In God We Trust.” It’s a matter of faith. […]

Crypto Divergence

Stable-currency could further divide the USA and China, with one country embracing it and the other rejecting it. The two are re-engineering themselves in different directions. Who will be right? American stable currency, based on crypto, promises to change the US and the world with it. Yet China is very cautious. It’s not just money; […]

General Introduction for China’s Re-globalization: A Petrodollar Trilogy

General Introduction for China’s Re-globalization: A Petrodollar Trilogy[1] In early 1979, Chinese leader Deng Xiaoping during a flight to the United States argued that countries establishing good relations with the US generally achieved economic development. In 1978, Vice Premier Gu Mu led a delegation to five Western European countries, including West Germany; the same year, […]

Trade War over China

A trade war is looming. It could be the largest since the start of post-Cold War globalization and potentially one of the largest ever. The waste in its wake could far outstrip the devastation of ongoing conflicts in Ukraine or the Middle East and could change the planet forever, starting a second Cold War. On […]

The Yawning Gap of Understanding Leading to War

After spending two intensive weeks in Beijing, I now sense more than ever a yawning gap in understanding global affairs between China and the rest of the world. I am haunted by the images on Chinese TV of Zhao Leji, China’s number three top leader, visiting Pyongyang. Zhao and North Korean leader Kim Jong-un hugged […]