Earlier this week, economist Nouriel Roubini predicted that the US-China trade war would heat up because of the Coronavirus pandemic.
He claimed that the language from Washington and Beijing has become increasingly raw lately. Roubini, known as Dr. Doom because of his mostly bearish forecasting, believes this will only get worse and that we are in for a brutal trade war between the two most powerful countries in the world. Technological warfare and cyber crime would be central to this.
In the past few weeks, European governments have also become increasingly critical of the Chinese government and even the WHO. The biggest German newspaper Bild told China it owed their economy 149 billion Euro over the Corona losses whilst the best watched Dutch TV show stated that the WHO and China were clearly sending ‘questionable’ messages. Even French President Macron stated in an interview with the Financial Times that it would be naive to believe the official Chinese version of events. READ MORE
The PPJ Gazette 
May 04, 2020 @ 13:54:32
Bank Of North Dakota – The Nation’s ONLY State Owned Bank
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May 04, 2020 @ 13:44:06
Crushing the States, Saving the Banks: the Fed’s Generous New Rules
by ELLEN BROWN
If there is a silver lining to all this, it is that the Fed’s relaxed liquidity rules have made it easier for state and local governments to set up their own publicly-owned banks, something they should do post haste to take advantage of the Fed’s very generous new accommodations for banks. These public banks can then lend to local businesses, municipal agencies, and local citizens at substantially reduced rates while replenishing the local government’s coffers, recharging the Main Street economy and the government’s revenue base.
https://www.counterpunch.org/2020/05/04/crushing-the-states-saving-the-banks-the-feds-generous-new-rules/
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