Beijing has more gold in its reserves than at any time in the past six years. China-watchers attribute the 100-ton increase to the country’s ongoing trade war in the US. Meanwhile, retaliatory tariffs on US goods went into effect in September.
Glenn Diesen Yanis Varoufakis is an economist, the former Finance Minister of Greece, and the author of numerous bestselling books. Varoufakis discusses how the EU is a cartel designed by the U.S. that is no longer fit for purpose. The German economic locomotive has broken down; the EU no longer has an economic model, its foreign policy is consumed by war, and it has already become a technological colony. Varoufakis also argues that China can now pull the plug on the U.S. economy if it chooses to do so.
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