Treasury Secretary Tim Geithner is in China today, doing whatever it takes–no matter how shameless and sordid– to make sure that the Chinese don’t pull out of American bonds, which are tanking in value thanks to Geithner’s multi-trillion-dollar gift to Wall Street. The Chinese are not happy, and since the Chinese loaned America all the money it’s now blowing, they call the shots.

The Tim Geithner lifting ass today in China sounds a lot different from the Tim Geithner who recently played the role of alpha Chinaman Dominator when he was trying to impress the wannabe macho men in Congress. The Treasury Secretary’s old self was captured perfectly in a NY Times article headlined “Geithner Hints At Harder Line on China Trade.” (more…)

(Editor’s Note: Since this article was published yesterday for subscribers, Mr. Brecher has published a big follow-up which we post below after this article.)

I’ve been saying for a long time that aircraft carriers are just history’s most expensive floating targets, and that they were doomed.

But now I can tell you exactly how they’re going to die. I’ve just read one of the most shocking stories in years. It comes from the US Naval Institute, not exactly an alarmist or anti-Navy source. And what it says is that the US carrier group is scrap metal. (more…)