Daily Archives: July 24, 2018

IMHO: Trump Is Endangering The ‘Endangered Species Act’


WGBH News
Published on Jul 24, 2018

Jim Braude shares his thoughts on the Trump administration’s efforts to roll back the Endangered Species Act.

Africa is a Creditor to the World


TheRealNews

Published on Jul 24, 2018

Capital flight from Africa, especially the illicit kind, is a far larger drain on the countries of the continent than previously thought and exceeds foreign loans and investment flows. PERI’s Leonce Ndikumana discusses his research findings

Saudis Buy Fmr UK Prime Minister Blair for $12 Million


TheRealNews

Published on Jul 24, 2018

Tony Blair is available as a mercenary to modernize Saudi Arabia for $12 million, but not only that, China and oil companies have also hired him says Medea Benjamin, the author of Kingdom of the Unjust: Behind the U.S.-Saudi Connection

The Map That Shows Why Russia Feels Surrounded – Mike Maloney


GoldSilver (w/ Mike Maloney)
Published on Nov 29, 2016

Extra videos here: https://goldsilver.com/blog/silver-su… If you enjoyed watching this video, be sure to check out the Hidden Secrets of Money website at https://www.hiddensecretsofmoney.com/. It’s a world-leading educational series by Mike Maloney, the bestselling author of the Guide to Investing in Gold & Silver. As Mike explains in the series and his book, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it. In Mike’s videos, he breaks down these concepts using easy-to-follow analogies, real pages from history, and animations that tie it all together. And be sure to follow Mike on social media to stay up to date on his latest news and posts: Facebook: https://www.facebook.com/OfficialMike… Twitter: https://twitter.com/mike_maloney Mike Maloney is also the founder of GoldSilver.com (http://tinyurl.com/jlypdzc), which was one of the first websites ever to sell bullion online. It is well known for outstanding customer service and its competitive prices. If you’re a fan of Mike’s YouTube channel and need help buying gold and silver, his team is standing by to answer all your questions and make it easy. You can find out more at http://tinyurl.com/jlypdzc.

Chinese and South African leaders vow to further develop ties


CGTN
Published on Jul 24, 2018

China and South Africa on Tuesday pledged to carry forward their traditional friendly relations and advance their comprehensive strategic partnership in the new era.

China feels “READY” for Trade War! Breaking News


GONEWS

Published on Jul 24, 2018
On Monday, the State Council, China’s cabinet, also indicated plans to accelerate the issuance of 1.4 trillion yuan (US$207 billion) in special bonds by local governments to underwrite investment in infrastructure. The People’s Bank of China also lent 502 billion yuan to financial institutions via its one-year medium-term lending facility (MLF) to increase loans to companies.

The State Council comments and the MLF triggered expectations that policymakers would roll out more stimuli and further cut reserve requirement ratios in the coming weeks, shifting away from the past year’s deleveraging campaign to curb risky lending that had created tight cash conditions.

Onshore yuan was changing hands at 6.8073 to the US dollar on Tuesday, down 0.13 per cent from the previous day and hitting its weakest level since June 2017. It is mid-ranked among Asia’s 11 most traded currencies, the fifth worst performer so far this year.

The unexpected decision by China’s central bank to allow the yuan to break below the 6.7 per dollar level in the past week also signalled greater tolerance from the Chinese authorities for further downside, and that they were in no hurry to prop up the currency.

“Compared to the panic selling after the Chinese yuan fixing reform in 2015, capital outflows are taking a back seat and China is enjoying the advantages of a weaker currency,” said Ken Cheung, senior Asian currency strategist at Mizuho Bank.

While the strength in the US dollar was a main reason for the weaker yuan, an increasing factor now coming into play is expectations for the Chinese authorities to loosen monetary policy.

The trade-weighted RMB CFET index, against its major trading partners, dropped to 93.8 this week, after rising steadily this year through end June.

Policymakers were stress testing the economy and currency, allowing greater market forces to determine prices in line with their plans to implement reforms, analysts said.

DBS Bank forecast the yuan to fall to 6.97 per dollar by year end, which would be the lowest level since 2016 and a drop of nearly 12 per cent from its March peak. Other analysts said the key psychological resistance was now 7 per dollar.

China feels “READY” for Trade War! Breaking News

Neighbors follow Chinese ban on waste imports


CGTN
Published on Jul 24, 2018

For decades, China, among developing economies, has been a major importer of plastic waste. But, after banning all scrap plastic imports earlier this spring, waste exporters have shifted from China to Southeast Asia. Why are some developing countries still in the waste import business?