Facing an imploding stock market and the potential for even more widespread economic chaos, the dictatorship ruling mainland China — the top foreign holder of U.S. Treasury bonds — is selling U.S. debt to prop up the Chinese yuan (renminbi), according to news reports. The move, which has long been anticipated by analysts, could have major implications for the American economy and especially the U.S. dollar — particularly if the pace of liquidation were to accelerate. As of now, confusion about the developments is running rampant.
The Saudis are caught in a pickle: Cut oil production and lose market share, or continue to pump until they're out of money.
Individual investors in China's stock markets are cannon fodder for insiders' manipulations, just as they are in the United States.
The Internet continues to drive the "sharing" economy while confounding statists who want to control it.