Biden Emerges as a Job Killer
Biden’s decision was destructive for a long list of reasons. The immediate impact was to kill about 10,000 high-paying union jobs with benefits in construction, transportation, and expert services.
Russia Is Now Done with the US Dollar — Russia’s Exit Plan
Russia Is Now Done with the US Dollar — Russia’s Exit Plan
Russia will completely eliminate dollar holdings from its US$119 billion National Wealth Fund, which is a sovereign wealth fund that holds oil wealth for the future benefit of the Russian people.
China’s One-Child Policy Pivot: Has It Come Too Late?
China’s One-Child Policy Pivot: Has It Come Too Late?
In 1980, China formally introduced its one-child policy, which limited couples to only one child. This was not a mere policy suggestion…
Bubbles Are Everywhere — Bubbles in Stocks, Homes and Crypto
Bubbles Are Everywhere — Bubbles in Stocks, Homes and Crypto
Shiller sees bubbles in stocks, homes, and crypto. Crashes in one market quickly lead to crashes in others…
Death by a Thousand Cuts — How Governments Are Breaking Bitcoin
Death by a Thousand Cuts — How Governments Are Breaking Bitcoin
The dollar value of one bitcoin dropped from US$50,000 to US$35,000 over the course of 14–21 May — a 30% crash in a matter of days.
China’s Economy: Much Less than Meets the Eye — The Fantastic Growth of China
China’s Economy: Much Less than Meets the Eye — The Fantastic Growth of China
There is no question that China’s growth has been enormous. Several hundred million people have been pulled from poverty.
Janet Yellen Knows Nothing about Rates or Monetary Theory
Janet Yellen Knows Nothing about Rates or Monetary Theory
Janet Yellen caused a mini-meltdown in stock markets recently when she said ‘interest rates will have to rise somewhat’ to keep the economy from overheating and to keep a lid on inflation.
Special Drawing Rights as a Form of Money — IMF Issues New SDRs
Special Drawing Rights as a Form of Money — IMF Issues New SDRs
The International Monetary Fund (IMF) can print a kind of ‘world money’ called the special drawing right. IMF is now moving quickly to issue new SDRs to help reliquefy the world in the wake of the pandemic panic and recession…
Central Bank Digital Currencies as a Form of Money — CBDC Potential
Central Bank Digital Currencies as a Form of Money — CBDC Potential
CBDCs will be digital only; there won’t be any paper money or cash allowed. Balances can be held in digital wallets or digital vaults without the use of traditional banks.
Bitcoin: Future Money or Just a Bubble?
Bitcoin: Future Money or Just a Bubble?
Bitcoin has spiked in value from US$7,000 per coin to US$60,000 per coin over the past year. The price may well be higher by the time you read this.
