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China

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A recent US spy satellite photo showing Chinese ships selling oil to North Korean ships in violation of UN Security Council resolutions is supposed to infuriate us. But sanctions are immoral, they hurt the most vulnerable, and the never work.

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Many economists and investors feel relieved because China is still growing at 6.8%. They should think twice. On one side, that level of growth is clearly overestimated. By any realistic measure of growth, China's Gross Domestic Product annual incre

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Nick Giambruno's Note: I recently spoke with my friend and colleague Chris Lowe about China's new alternative financial system--and how it could mortally wound the US dollar. It was such an important discussion that I had to pass it along.

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