Editor’s note: The 25 year old currency war against the US has been joined. Washington – The Omnibus Trade and Competitiveness Act of 1988 requires the Secretary of the Treasury to analyze the exchange rate policies of other countries. Under Section 3004 of the Act, the Secretary must “consider whether countries manipulate the rate of…
Excerpt. “A.I.’s military power is the simple reason that the recent behavior of America’s leading software company, Google — starting an A.I. lab in China while ending an A.I. contract with the Pentagon — is shocking.” At its core, artificial intelligence is a military technology. Why is the company sharing it with a rival? [Peter Thiel | August 1,…
Editors note: China is now fighting back through manipulating the allowed trading band for the renminbi. The US needs to stop sleepwalking through this next currency conflict and pass the competitive dollar for jobs and prosperity act. SHANGHAI (Reuters) – China let the yuan breach the key 7-per-dollar level on Monday for the first time…
Editors note: Japan does not sleep walk through currency conflicts. Its financial ministry fights back. Tokyo financial traders do not squawk about wanting a strong yen. If they do, no one listens to them. TOKYO (Reuters) – Japan’s top currency diplomat on Monday warned investors against significantly pushing up the yen, signaling that Tokyo was…
Editors note: Conservative opinion leaders are starting to focus on the need for a competitive dollar. Senator Josh Hawley (R-Mo.) has wasted very little time in becoming one of the most important senators in this new freshman class. [Rachel Bovard | August 3, 2019 | American Greatness] From introducing provocative legislation to go after Big…