Category Archives: International News

China Opposes “Threatening And Damaging” US Carrier Patrols In South China Sea

One day after the US announced it had dispatched the USS Carl Vinson aircraft carrier group in the contested South Chine Sea on “routine” patrols, China responded in a statement by the foreign ministry, Beijing said on Tuesday that it opposed action by other countries “under the pretext of freedom of navigation” that could “threaten and damage” its sovereignty, a clear reference to US patrols in territory that China considers its own.

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China Warns “Peace Will Be Impacted” If Trump Violates “One China”, Installs Weapons On Disputed Islands

“Upholding the ‘one China’ principle is the political basis of developing China-U.S. relations, and is the cornerstone of peace and stability in the Taiwan Strait,” said An Fengshan, a spokesman for China’s Taiwan Affairs Office. “Upholding the ‘one China’ principle is the political basis of developing China-U.S. relations, and is the cornerstone of peace and stability in the Taiwan Strait.”

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Venezuela Throws In The Towel On Hyperinflation: Will Print 200x Higher-Denominated Bills

Venezuela’s highest denomination bill in circulation, 100 bolivars, is worth approximately 8 cents on the black market now. And though Maduro and the local government sternly refused to admit reality they are now having to change their tune. They are planning to issue new bills in December with larger denominations—up to 200 times higher than the current biggest bill. The new coins and notes will go up to 20,000 bolivars, making the biggest note worth about $15 on the black market.

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Why There’s a War on Cash in Europe

The debate on cash is heating up right now. European governments and central banks have stepped up capital controls in the last few years, cash has become a major hurdle for conventional monetary policy. As a result, many economists and high-ranking government officials have routinely argued in favor of abolishing cash. Although most European citizens do not approve further restrictions on cash, the outcome of the political debate remains uncertain.

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