Is a Bond Crisis Inevitable?

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With Christmas shoppers out in force and the stock market surging to a two-year high, talk is spreading that the long-awaited recovery is at hand. Perhaps. But gleaning the news from Europe and Asia as U.S. cities, states and the federal government sink into debt, it is difficult to believe …

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The Fed Trashes the Dollar

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If it is the first responsibility of the Federal Reserve to protect the dollars that Americans earn and save, is it not dereliction of duty for the Fed to pursue a policy to bleed value from those dollars? For that is what Chairman Ben Bernanke is up to with his …

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China's Path to Power

China’s Path to Power

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Across the Pacific, a nation that studied how America rose, and watched as America declined, chose a different path. China adopted and pursued a China First policy of economic nationalism. For decades, before a heedless congregation, some of us have preached the old Hamiltonian gospel. Great nations do not have …

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How to Bring Manufacturing Back Home

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In July, our trade deficit hit yet another all-time record, $68 billion, an annual rate of $816 billion. Imports surged to $188 billion for the month, as our dependency on foreigners for the vital necessities of our national life ever deepens. China’s trade surplus with us was $19.6 billion for …

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What Weirton Does Not Know

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In the tiny West Virginia town of Weirton, population 22,000, thousands marched last week to save Weirton Steel, the heart of their community. If the steel plant goes under, and its 4,400 workers lose their jobs, the town dies. It is as simple as that. What is threatening Weirton Steel …

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Steel Dump for the World

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Fourteen years ago, foreign steel producers began dumping heavily into the U.S. market, choking America’s industry near to death. Big Steel went to the president. Ronald Reagan listened and acted. On Sept. 22, 1984, he took to the airwaves to denounce “predatory practices” that had made America a “steel dump …

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A Resurgent U.S. Nationalism

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Before Congress adjourns, yet another test of strength is coming between the disciples of globalism and the forces of a resurgent U.S. patriotism. The issue is “fast track,” a bill to strip Congress of all authority to amend trade treaties. Under fast track, once the Clintonites negotiate a trade deal, …

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