Commentary The Biden administration has granted a 90-day extension for the COVID-19 emergency, which was set to expire on July 15. This means that government spending, which has already driven the debt to near-record levels, will continue. An extension of this state of emergency allows for the continued distribution of unapproved vaccines, under emergency use…
Is the Quad a Military Alliance? Should It Be?
Commentary The Quad is the Quadrilateral Security Dialog between the United States, Australia, Japan, and India. The group has been denounced by Beijing as “a sinister gang” and an incipient Asian NATO. The latter term has often been applied to it in the media. Is the Quad a military alliance in the making? Should it…
Should US Be Worried About a New Reserve Currency?
July 29, 2022
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Commentary It’s long been reported by The Epoch Times that China—and more recently due to the ongoing war, Russia—has been keen to see the U.S. dollar knocked from its perch as the biggest global reserve currency. Russia and China have now begun working on that, which isn’t a surprise. But what is a surprise is…
Clear Indications of an Impending Recession
Commentary When the spring quarter’s gross domestic product (GDP) showed a decline, a great media debate ensued about whether the economy is already in recession. Those who say yes point to the commonly held definition that a recession is two consecutive quarters of declining real GDP, and the news seems to fit that criterion. The…
China Compromised the Fed
Commentary A new Congressional report (pdf) reveals that U.S. economic officials have pursued money and positions from China as part of programs that sought “malicious, undisclosed, and illegal transfers of information that seek to undermine the United States.” The 40-page Senate report, based in part on an internal investigation by the U.S. Federal Reserve System…
Despite Everything, Korea’s New Homegrown Fighter Jet Is a Big Deal
Commentary There were two interesting side-by-side headlines in a recent military trade journal, Defense News. The first read “South Korea records successful maiden flight test of its KF-21 fighter jet.” The second, by the same author, read “South Korea to buy 20 more F-35s.” So the Republic of Korea (ROK) is both developing an indigenous…
Iran, Washington, and the Magical Theater of Nuclear Weapons
Iran already has nuclear weapons capability, and possibly operational nuclear warheads and delivery systems and protocols. So why do successive U.S. administrations keep insisting that the United States will not permit Iran to acquire “a nuclear weapon?” Part of the reason lies in the belief that until the presence of nuclear weapons (in Iran or…
An Activist’s Arrest in London Shows Changing Nature of Chinese Persecution Abroad
Commentary Australian human rights activist Drew Pavlou was arrested in dramatic fashion outside the Chinese embassy in London late last week. A media storm is now brewing. On July 21, Drew, an outspoken critic of the Chinese Communist Party (CCP), most often in his home country of Australia, arrived outside the Chinese embassy in London….
New Global ESG Standards Designed to Kill Small Businesses
Commentary The new global environmental, social and governance (ESG) accounting standard that is about to be implemented in Canada may well prove fatal to all but the biggest of businesses. According to Dr. Tammy Nemeth, the new carbon emission standards and policies are designed to strangle the hydrocarbon industry by “disqualifying it from financing, insurance…
Hunter Biden: Will He or Won’t He Be Indicted Soon?
Commentary Based on hundreds of news and investigative reports over the past several years, not to mention well-researched books like Peter Schweizer’s Profiles in Corruption: Abuse of Power by America’s Progressive Elite, Hunter Biden—the second son of Joe Biden—has allegedly been waltzing on the dark side of the law for most of his adult life….
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