India has made an attempt to remain neutral throughout this massive world conflict. They are in BRICS, conduct business with the West, and abstained from voting for ceasefire between Israel and Palestine. Yet it is not possible to remain neutral amid such intense tensions between nations. India recently angered China by accepting a congratulatory message […]
Worsening relations with China, the United States just hit China with a new wave of extremely high tariffs. Around $18 billion worth of Chinese goods will be affected, but the White House deems the tariffs necessary to help American industry. Washington wants everyone to drive an electric vehicle, so long as it is not produced […]
The United States has surpassed China to become Germany’s largest trading partner. Trade between the US and Germany came in at $68 billion (63 billion euros) during Q1, compared to about 60 billion euros between China and Germany. If we look at these figures, they pale in comparison to the aid packages we are sending […]
Nearly $300 billion worth of confiscated frozen Russian assets have been set to the side by the West. Some of the world’s leading decision-makers have been urging the powers that be to release these funds into Ukraine, arming Russia’s enemy with the private wealth of its own citizens. Russia has finally responded to these threats […]
Sen. Eric Schmitt, R-Mo. Reminded the US Energy Secretary, Jennifer Granholm, “We are not governed by a world government – yet!” The Biden Administration consulted with China before selling off America’s strategic petroleum reserves. In 2021, Granholm admitted that she spoke with the Chinese Communist Party about coordinating how America would handle its nation’s highly […]
Sanctions and the removal of Russia from SWIFT have not deterred the Russian economy. A recent report by the International Monetary Fund (IMF) predicts that Russia’s economy will grow more in the next year than any other advanced economy. The IMF believes Russia’s economy will grow by 3.2% in 2024, in comparison, the US is […]
I have already criticized the March jobs report released by the Bureau of Labor and Statistics. The mainstream media is cheering the 303,000 position boost as proof that the American economy is on the right path. I noted in an earlier blog post that the number of part-time workers rose by 691,000 while the number […]
https://www.armstrongeconomics.com/wp-content/uploads/2024/03/FrancisKellyBridgeCollapse2024.mp4 The Francis Scott Key Bridge in Baltimore collapsed on March 26, 2024, at 01:28 EDT after being struck by a cargo ship owned by Brawner Builders Inc. The ship named the Dali was operated by Synergy Marine Group. This black swan event was extremely strange, catastrophic for the US supply chain, and certainly a […]
I do not advise governments to use sanctions for leverage due to the economic implications that may take time to materialize. In April 2020, I wrote, “Once you impose sanctions, you create a cold war. Look at Russia. Nixon opened China to divide and conquer. Are we really that stupid to close China and encourage […]
Based on data from the US Commerce Department, China is no longer America’s top supplier of goods. Imported goods from Mexico rose by around 5% from 2022 to 2023, totaling over $475 billion. Mexico has not surpassed China in exports to the US since 2002, marking a drastic shift in overall trade as tensions continue […]
