Death Blow To The Dollar

Death Blow To The Dollar

You can call it the Currency Cold War, and it’s taking place between the world’s two biggest economic superpowers: China and the United States. Right now, China is waging a digital currency battle against the primacy of the U.S. dollar, which is struggling to maintain...
Evergrande. The Tip Of The China Iceberg?

Evergrande. The Tip Of The China Iceberg?

The bankruptcy of the Chinese real estate company Evergrande is much more than a “Chinese Lehman”. Lehman Brothers was much more diversified than Evergrande and better capitalized. In fact, the total assets of Evergrande that are on the brink of bankruptcy outnumber...
No Recovery Until 2045?

No Recovery Until 2045?

The economy is now at a perilous point of departure. There was no V-shaped recovery, and one should not be expected. There was a severe contraction in March–April 2020, followed by a recovery in July–September 2020. However, the recovery only made up part of the lost...
The Illusion of Getting Rich While Producing Nothing

The Illusion of Getting Rich While Producing Nothing

By incentivizing speculation and corruption, reducing the rewards for productive work and sucking wages dry with inflation, America has greased the skids to collapse. Of all the mass delusions running rampant in the culture, none is more spectacularly delusional than...
Seven Possible Causes of the Next Financial Crisis

Seven Possible Causes of the Next Financial Crisis

  The great financial historian, Charles Kindleberger, pointed out in the 1970s that over several centuries, history showed there was a financial crisis about once every ten years. His observation still holds. In every decade since his classic Manias, Panics and...