Flying into Singapore’s Changi Airport, one is struck by the fleet of ships lined up off shore, the tendrils of a global trade network squeezing through the narrow Malacca Strait. Singapore is the hub, the connector between the Indian Ocean, South China Sea and Pacific. Since the late 1970s, with little exception, trade has amounted to some 300 percent of Singapore’s total gross domestic product, with exports making up between 150 and 230 percent of GDP. Singapore is the product of global trade, and the thriving multiethnic city-state can trace its trade role back centuries.
By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com
- Jim Rogers accumulating gold bullion on dips
- “Get prepared” as “we’re going ‘to have the worst economic problems we’ve had in your lifetime or my lifetime’
- Warns that Trump and his team are “very, very keen to have trade wars with China and other people”
- History shows trade wars lead to real wars
- Cashless Society – Cash-less means Freedom-less
- Cashless societies are about governments “looking out for themselves first”
- Gold and silver may head lower but advises accumulating bullion on the dip
- Advocates storing gold in Singapore
Jim Rogers holds a gold coin (Digital Journal)
By Frank Holmes – Re-Blogged From http://www.Gold-Eagle.com
On Friday November 25, Fidel Castro died at age 90. The former revolutionary and hardline dictator of Cuba was among the 20th century’s longest-serving leaders, third only to Elizabeth II and Bhumibol Adulyadej, the King of Thailand, who passed away in October.
Castro’s death comes at a pivotal moment in US-Cuban relations. With trade between the two countries on the path to normalization, and with US airlines making scheduled flights to Havana for the first time in more than 50 years, President-elect Donald J. Trump has pledged to reinstate many of the Cold War embargos that were lifted by President Barack Obama.
“If Cuba is unwilling to make a better deal for the Cuban people, the Cuban/American people and the US as a whole, I will terminate deal,” Trump tweeted on November 28.
In light of Castro’s passing, we are rerunning this Frank Talk from March 2015, in which Frank compares and analyzes the widely divergent economies of Cuba and Singapore under their now-deceased leaders, Castro and Lee Kuan Yew.
By Steven H Hanke – Re-Blogged From http://www.Silver-Phoenix500.com
Productivity and economic growth continue to surprise on the downside in most countries. While there is a great deal of handwringing over the so-called productivity puzzle, little attention is given to the real elixir: freer markets and more competition. Indeed, the policy tide is moving in the opposite direction in most places.
To get a grip on the productivity puzzle, let’s lift a page from the late Senator Daniel Patrick Moynihan, who once said, “You’re entitled to your own opinions, but you’re not entitled to your own facts.” Yes. There is nothing better than a hard look at empirical evidence to see if it supports those who espouse freer markets or those who embrace the regulatory state as models to enhance our prosperity and health.
By David Haggith – Re-Blogged From http://www.Silver-Phoenix500.com
This picture of one port tells a major story: Tankers are running circles around the Chinese port of Qingdao. One ship has been carving circles in the water for twenty days, waiting for a chance to offload at any one of several “teapot” (small) refineries in the region.
China is the world’s second-largest consumer of oil. Lack of available storage capacity on land is slowing down the rate at which refiners can take in crude, as is a reduction in the profitability of refineries, which is causing them to back off on refining.
By Anthony B Kim – Re-Blogged From The Heritage Foundation
America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts.