“You can’t blame the Maduro government, but as for the United States, this Donald Trump is mean. He’s mean and he’s blocked a lot of things. We have to support each other and this U.S. blockade has to end.” — Yolimar Contreras (inc. transcript)
In the dramatic escalation of tariff escalations and trade war tensions between China and the USA, China President Xi Jinping made a well-timed visit to see the JL Mag Rare-Earth Company Ltd., a state-owned complex in Ganzhou. Though he did not openly threaten, he sent a clear psychological message to Washington that China has more weapons in its arsenal to pressure the Trump Administration. What is the nature of the China role in rare earth minerals mining and how serious is the likelihood they could weaponize it?
The fiction that the “humanitarian” regime change complex has constructed around Syria is now so thoroughly debunked that the war machine is being forced to shift into a frantic mode of damage control. When they first made their absurd claims, they should have anticipated that they’d eventually have to face the scrutiny of journalists, forensic researchers, and the public at large.
Despite all the optimistic talk by President Trump about the state of the US economy, the latest data on economic activity and industrial production suggest that America is joining Europe and Japan in a sharp slowdown as we enter the second half of 2019. And this is at a time when the trade and technology war between the US and China has moved up another gear and so threatens to trigger an outright global recession before the year is out.
Though it’s initial reaction was muted, GBP has moved decidedly higher in recent trade (after a brief selloff following May’s announcement), putting the British currency on track to end its record two-week losing streak of uninterrupted declines.