Tag: USA: Federal Reserve

NOVANEWS By Dr. Paul Craig Roberts Global Research   When are America’s global corporations and Wall Street going to sit down with President Trump and explain to him that his trade war is not with China but with them.  The biggest chunk of America’s trade deficit with China is the offshored production of America’s global corporations. When the corporations bring the products that they produce in China to the US consumer market, the products are classified as imports from China.   Six years ago when I was writing The Failure of Laissez Faire Capitalism, I concluded on the evidence that half of US imports from China consist of the offshored production of US corporations.  Offshoring is a substantial benefit to US corporations because of much lower labor and compliance costs. Profi...

NOVANEWS By Dr. Paul Craig Roberts and Dave Kranzler   In a series of articles posted on www.paulcraigroberts.org, we have proven to our satisfaction that the prices of gold and silver are manipulated by the bullion banks acting as agents for the Federal Reserve. The bullion prices are manipulated down in order to protect the value of the US dollar from the extraordinary increase in supply resulting from the Federal Reserve’s quantitative easing (QE) and low interest rate policies. The Federal Reserve is able to protect the dollar’s exchange value vis-a-via the other reserve currencies—yen, euro, and UK pound—by having those central banks also create money in profusion with QE policies of their own. The impact of fiat money creation on bullion, however, must be controlled by...