Socio-Economics History Blog

Socio-Economics & History Commentary

China and U.S. Trade Talks Give NOTHING! Computer Algorithms Push Market Higher?!

January 10, 2019 Posted by | Economics | , , , , | Leave a comment

Trade Battle: US and China Hold Talks in Beijing Amid Three-Month ‘Truce’ in Tariff War

  • RT Published on Jan 7, 2019
    With just about two months left before a deadline for a new trade deal, Washington and Beijing are launching two-day talks to end the intense tariff war raging between the nations as major US companies’ stocks plummet. READ MORE: https://on.rt.com/9luo

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January 8, 2019 Posted by | Economics | , , | Leave a comment

Keiser Report: Outrunning Debt in 2019

  • RT Published on Jan 3, 2019
    In this second of three New Year’s specials of the Keiser Report, Max and Stacy make predictions for 2019: geo-economics and politics will be big this year as China and the US battle it out for global economic supremacy. Will the Belt and Road Initiative receive a military response? How will the trade war unfold or unravel? They also look at the Cantillon effect, Quantitative Tightening and GIABO. In the second half, Max and Stacy interview guests for their 2019 predictions: Michael Hudson for his predictions on debt and Michael Pento on whether or not China’s geopolitical power can rise fast enough to outrun its imploding corporate and household debt.

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January 4, 2019 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment

Top 5 Countries Opting to Ditch US Dollar & The Reasons Behind Their Move

  • Top 5 Countries Opting to Ditch US Dollar & The Reasons Behind Their Move
    by https://www.rt.com/
    The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are turning their back on the greenback.

    Global tensions caused by economic sanctions and trade conflicts triggered by Washington have forced targeted countries to take a fresh look at alternative payment systems currently dominated by the US dollar.

    RT has taken a deeper look into the recent phenomena of de-dollarization, summing up which countries have taken steps towards eliminating their reliance on the greenback, and the reasons behind their decision.

    China
    The ongoing trade conflict between the United States and China, as well as sanctions against Beijing’s biggest trading partners have forced China to take steps towards relieving the dollar dependence of the world’s second-largest economy.

    read more.

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January 3, 2019 Posted by | Economics | , , , , , , | Leave a comment

‘Economic Frictions’: No End in Sight for US-China Trade War

  • RT America Published on Dec 26, 2018
    As the US-China trade war rumbles on, it’s important to consider the origins and history of the economic problems defining the superpowers’ current relationship. President Trump has been publicly critical of China’s trade relationship with the US since at least 2011. Sara Montes de Oca reports on the ups and downs of Chinese-US relations since the start of the Trump presidency.

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December 27, 2018 Posted by | Economics | , , , | Leave a comment

US-China Trade War: Will the Truce Last?

  • RT Published on Dec 17, 2018
    We asked Robert Manning, fmr US government adviser on Asia, senior fellow at the Brent Scowcroft Center on International Security and its Strategic Foresight Initiative at the Atlantic Council, and participant of the 2018 Emertech international conference.

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December 18, 2018 Posted by | Economics, GeoPolitics | , , , | Leave a comment

Collateral Damage? Canada Caught in the Middle of US-China Trade War – PM

  • RT Published on Dec 17, 2018
    READ MORE: https://on.rt.com/9kk2
    US Secretary of State Mike Pompeo blasted China for the detention of two Canadian nationals, in what is widely seen as retaliation against Ottawa for seizing a Huawei executive on Washington’s request two weeks ago.

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December 18, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

China Retaliates Against Apple for Huawei Arrest

  • RT America Published on Dec 11, 2018
    History Professor Gerald Horne joins Rick Sanchez to discuss the arrest of Huawei CFO Meng Wanzhou in Canada and the retaliatory measures taken in China.

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December 13, 2018 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment

EU Will Soon Establish Alternative Payment Channel Allowing Iran to Bypass US Sanctions – Mogherini

  • EU Will Soon Establish Alternative Payment Channel Allowing Iran to Bypass US Sanctions – Mogherini
    by https://www.rt.com/
    Brussels will create an alternative payment channel to facilitate financial transactions between the European Union and Iran in the near future to bypass US sanctions, the EU’s top diplomat, Federica Mogherini, has announced.

    “I will expect this instrument to be established in the coming weeks before the end of the year as a way to protect and promote legitimate business,”
     EU’s foreign policy chief told reporters on Monday.


    The 28-nation bloc has been considering ways to continue doing business with Tehran and bypass US economic restrictions after Washington pulled out from the Iran nuclear deal and reimposed economic sanctions.

    read more.

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December 11, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

EU Still Seeking Ways Around US Sanctions on Iran

  • RT America Published on Dec 10, 2018
    The European Union plans to create an alternative payment channel to facilitate transactions with Iran in the near future to bypass US sanctions, High Representative of the EU for Foreign Affairs and Security Policy Federica Mogherini has announced. RT America’s Dan Cohen has the details.

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December 11, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

Bye-Bye Dollar: India & UAE Agree to Trade in Local Currencies

  • Bye-Bye Dollar: India & UAE Agree to Trade in Local Currencies
    by https://www.rt.com/
    New Delhi and Abu Dhabi have inked a currency swap agreement to boost trade and investment without involvement of a third currency like the US dollar. The swap is for an amount of two billion UAE dirham or 35 billion Indian rupees (US$495 million), according to the Indian Embassy in Abu Dhabi.

    “The bilateral currency swap agreement between India and UAE is expected to reduce the dependency on hard currencies like the US dollar,”
     the embassy said.


    “It is also expected to give a push for the local currencies of the two nations and may reduce the impact of volatility in exchange rate arising from the dependency on a third currency. It is also expected to reduce the transmission costs arising from exchange rate risk,” the embassy added.

    The sides also discussed cooperation in energy, security, trade, investments, space, defense, and so on. With more than $50 billion in bilateral trade, the two countries are each other’s largest trade partners. India’s foreign direct investment into the UAE was $6.6 billion in 2017, while the UAE’s investment in India stood at $5.8 billion.

    read more.

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December 10, 2018 Posted by | Economics | , , , , , | Leave a comment

EU Pushes for Broader Global Use of Euro, De-Dollarization

  • PressTV Published on Dec 5, 2018
    The European Commission has unveiled its plans to reduce the E-U dependence on the U-S dollar and to strengthen the role of the euro. The commission called on companies and states to increase their use of the euro in energy contracts. It said it would study possible measures to promote the E-U currency in financial and commodity markets. According to the commission, the share of the euro in global holdings of foreign exchange reserves currently stands at around 20 percent. The U-S dollar, by comparison, is over 60 percent. The move follows the U-S withdrawal from the 20-15 Iran nuclear deal. That has forced many European companies to stop trading with Iran to avoid U-S sanctions.

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December 7, 2018 Posted by | Economics | , , , , , , | Leave a comment

Dollar-Free Monetary Union: Russia-Led Free Trade Zone May Adopt Single Currency

  • Dollar-Free Monetary Union: Russia-Led Free Trade Zone May Adopt Single Currency
    by https://www.rt.com/
    The members of the Eurasian Economic Union (EAEU) may abandon border procedures and adopt a common currency in the future by analogy with the European Union (EU), according to the President of Kyrgyzstan Sooronbay Jeenbekov.

    “I strongly believe in the future of the EAEU, we have a tremendous potential. The EU has a single currency, and of course we will also come to this, but time is needed. We must introduce the best of what the European Union has… we must work towards that,”
     he told Rossiya-24.


    Jeenbekov noted that “Like in the European Union we have no borders, no border guards. All our nationals are freely traveling across the Union and are entitled to same services, no matter which – medical, educational…”

    read more.

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December 5, 2018 Posted by | Economics, GeoPolitics | , , , | Leave a comment

EU Proposes Widespread ‘De-Dollarization’ Initiatives

  • EU Proposes Widespread ‘De-Dollarization’ Initiatives
    by Tyler Durden, https://www.zerohedge.com/
    In the most blatant and transparent reaction to Washington’s continued vassal-ization, the European Commission has reportedly formulated a plan to reduce the role of the dollar in international trade.

    Amid increasing tensions between Trump and various European leaders (cough Macron cough) and the ongoing threats of sanctions and tariffs, the European Commission plans to outline initiatives to develop the international role of the euroaccording to a draft document obtained by Bloomberg.

    read more.

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December 4, 2018 Posted by | Economics | , , , , , | Leave a comment

US-China Trade War Truce & Will Dems Block NAFTA-Replacement?

  • RT America Published on Dec 3, 2018
    The leaders from the world’s two largest economies met for dinner in Buenos Aires at the G20 summit. Presidents Trump and Xi Jinping met for dinner at the G20 summit, over which they agreed to a 90-truce in the US-Chinese trade war. RT America’s Sara Montes de Oca reports. Then former USTR official George Gill and Manuel Alejandro Valerio of the Frontier Strategy Group join to discuss the halted trade war and what to expect from the US-Mexico-Canada agreement signed at G20 and which the US Congress has six months to ratify.

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December 4, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment