The Congressional Budget Office (CBO) conducted a study that proves claims that the middle class will not face tax increases under the Inflation Reduction Act are unfounded. This comes after the CBO said that the act would have little if no impact on inflation. Treasury Secretary Janet Yellen urged the IRS not to target the […]

The video above has gone viral, depicting Taiwanese soldiers throwing rocks at drones believed to be sent by China. Reports are circulating that Taiwan also allowed store-bought civilian drones to enter its airspace, which leaves many to wonder how they can compete against China’s military surveillance. Backed by the US, Taiwan is beginning to push […]

China does not want a war with the US. The US, however, is continually provoking China by using Taiwan as its scapegoat. The US Navy announced that two warships will be traveling through the Taiwan Strait. The reasoning? The military aims to demonstrate freedom of movement through international waters. In other words, they deliberately want […]

ASIA: Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Profits at China’s industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1.0% growth logged during the first six months, […]

ASIA: India’s cabinet on Thursday approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement. India banned wheat exports in mid-May as a scorching heatwave curtailed output and domestic prices hit a record high. In July India asked traders to secure permission before exporting […]

ASIA: In its monthly economic report, the Japanese government described its economy as “growing modestly,” leaving the overall rating unchanged from the previous month, while noting an upward revision of factory output. Factory output showed signs of recovery, the report said, compared to July, when output appeared to be flat. This marked the first upgrade […]

It seems as if everyone is supplying Ukraine with money and weapons. I would not blink if I saw Russia itself had provided Ukraine with weapons as everything has become so absurd. Yet, nothing seems to be enough. Ukrainian Foreign Minister Dmytro Kuleba called out the two European countries that have not supplied weapons for […]

ASIA: China cut its benchmark interest rate and cut its benchmark mortgage loan by a wider margin on Monday, adding to last week’s easing measures as Beijing ramps up efforts to revive an economy battered by an asset crisis and a resurgence of COVID-19 cases. The People’s Bank of China (PBOC) is walking a tightrope […]

  QUESTION: The general view is that Trump has turned the Republican Party into his Party – Trumpism. You seem to support Trump. Would would respectfully explain why? DH ANSWER: This is a very clever tactic by the Democrats to try to turn Republicans against the Republican Party and to vote for the Democrats while […]

QUESTION: With the bank runs in China, do you still think China will surpass the US economy? What about Pelosi’s trip? China’s response was more shock and see than anyone expected. GD ANSWER: Nothing has changed. But you have to understand that the decline in the US economy also benefits China’s rise. The Democrats are […]