Category Debt Crisis

China – The Greatest Ponzi Scheme in History?

A friendly commentary and analysis from China-based “doublewood” in reaction to James Rickards’ most recent Daily Reckoning piece entitled, “The Greatest Ponzi Scheme in History.” Certainly, some things to consider… Shadow-Banking Worldwide The situation depicted by Rickards is nothing new. Last month, RMB 30 billion of fake wealth management products (WMP)came to light, which brought up […]

“Arabella” Diplomacy

Ivanka Trump’s daughter, Arabella sang a song, recited the 3-character primer, and a Tang Dynasty poem in Chinese for President Xi Jingping and Madame Peng Liyuan. It is going viral in China. Forty-five years ago, an historic breakthrough in US-China relations was achieved through the Nixon visit to Beijing. It was dubbed the “Pingpong” diplomacy. […]

Q1 2017 Market Commentary: Trump, the Fed, Globalists, and Gold

This past quarter in the markets was one of the more interesting three-month periods we’ve had in a while. Not because of what took place, but rather, the lack of what took place, considering the boiling global geopolitical climate. Almost all of Q1 unfolded against a backdrop of zero volatility and confounding complacency not seen […]

“If You Fire Me Now, I Shall Become More Powerful Than You Can Possibly Imagine”

– Preet Bharara’s potential last speech to Donald Trump before he got fired. Now that he has been fired by President Trump, “I felt a great disturbance in the force.”   After the shocking news for the sheriff of Wall Street over the weekend, investors will now turn their attention to WWJD March 17 Edition […]

US-China Trade, Currency and Military Skirmishes – Part 2 – The Military

As I was making the final edit of this post, analysts are beginning to observe that the US and Russia are on the verge of plunging into a new Cold War. This will have potentially game-changing effects on the entire global scenario. All minds are straining to assess what this will mean. Unlike the Cold […]

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Gonzo Financial Commentator Max Keiser Announces Possible NC Congressional Run

Max Keiser, a gonzo financial commentator for RT, is known for combining the high-flying drama he learned at NYU acting school with knowledge of trading, currency, and markets he began earning as stock broker on Wall Street in the 1980s. He has gained a reputation amongst proponents of Austrian economic theory and libertarianism as a […]

Trade, Currency and Military Skirmishes – Part 1

Donald Playing God After only 7 days into the Trump administration, the time it took God to create heaven and earth,  it had already become clear that skirmishes between the US and China will be inevitable. I use the word “skirmish” here, but everybody knows that it can potentially be a euphemism if the discords […]

Doublewood: Roadmap for US-China Relations

Attached is a draft summary of my working paper on A Roadmap For US-China Relations. Matters On Hold At the moment, given the instability in US domestic politics, I believe that China is unlikely to rush into any major initiative with the new American administration. It will spend some time observing. There will be contacts […]

Update: A Tale Of Two Speeches

Xi Jingping delivered his keynote speech at Davos today. He began with a paraphrase from the start of Charles Dickens’ novel, A Tale Of Two Cities: “This is the best of times. This is also the worst of times …” thus he began his keynote address to the annual assembly of the World Economic Forum. […]

Donald Trump Weighs In

Dysfunctional Transition After a bitterly divisive election, we now find ourselves in a series of unprecedented domestic feuds during the presidential transition.  They even spill over into foreign affairs, making us look like two nations at logger-head with ourselves.  Surreal! Being a feisty boxer, Donald Trump has been characteristically mouthing off and compulsively tweeting.  His […]

Adapting To Polycentric Reality

One way to understand polycentrism is to draw a parallel with ecosystems. During polycentric times, the key to success is adaptability. In fact, it is the same story as with evolution. Size and overwhelming strength, if not managed and applied appropriately, can be a dangerous liability. It is a lesson we have learnt from the […]

Doublewood: A Polycentric World

The key to looking at all the current global dynamics is to understand the nature of a polycentric reality in the world’s power configuration. Polycentrism is a little-understood phenomenon in the post-WWII world, although it was not an unusual set of circumstances in other periods of world history. Here, I will not elaborate on the historical […]

Trump’s Taiwan Call – Part 2

It is impossible to know with Trump whether some “move” of his is just a poorly controlled impulse (like his Twitter messages) or a calculated effort to create or build a negotiating position. However, we know he doesn’t care about any other countries, so it is unlikely he has the best interests of the people of […]

Doublewood: What’s Up With China? – Part 2

Economic Reform and Financial Environment There is a saying: “When Wall Street catches the flu, the world goes on a spin”. Now we should add a saying: “When China sneezes, the Federal Reserve freezes”. Turbulence And The New Normal The current state of global financial turbulence is in part a result of China’s major undertaking […]

Doublewood: What’s Up With China? – Part 1

Many are asking similar questions about China’s economic and financial stability. First, I will talk about the current financial market situation. ———————————————— Stock Market — There is still considerable excess leverage that has to be whittled down, before you get to a market in which valuation matters. Further selling pressure will periodically rear its head, […]

The Coming Global Monetary Crisis (Peter Tran)

The Coming Global Monetary Crisis by:  Peter Tran (3/29/2015) Introduction  In order to predict any coming financial crisis with accuracy, one must first correctly identify what type of crisis is lurking on the horizon. I am going to make a final attempt to explain why the coming Global Monetary Crisis (current Dollar Standard Monetary System) […]

Doublewood: Coming Attractions

Just as the year 2013 drew to a seemingly peaceful conclusion, we have to start looking at the risks lurking in the landscape and/or quavering in the subterranean crevices. To prepare you for a potentially eventful 2014 and beyond, I would like to share with you my perspectives on some big-picture matters, so that you […]

Keep An Eye On M-3

Two years ago, in my “Story On Gold – 2” essay, I described how G&C (government and central bank) discredited the meaningfulness of the broad money supply data known as M-3 (the broader measure of money, which includes money-market funds and large time deposits held by private individuals & institutions). They went on to discontinue […]

Minutes Of Kissinger Meeting On Gold, 1974 – Doublewood Analysis

In the Minutes Of Kissinger Meeting On Gold, 1974, we can read how Henry Kissinger, National Security Advisor and Secretary Of State at the time, was discussing the matter of preserving US dollar hegemony. “After Nixon “temporarily” suspended the convertibility of dollars into gold in 1971, because evil international speculators were attacking the US dollar, some of […]

PBOC Says No Longer in China’s Interest to Increase Reserves

The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation. According to Kenneth Leung, professor of economics at Daniels College of Business, “Part of that move could be related with a bigger geopolitical […]

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Liberty Blitzkrieg

The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion. - Albert Camus