Governments have created money on such a scale that the currencies of most major economies are inherently untrustworthy. Moreover, governments from the U.S. to Europe to Japan have vowed to fight further threats to their economies with quantitative easing, i.e the creation… Read More »Currencies of most Major Economies
Peter C. Cavelti
The fortune of the United States during the postwar period has been that whatever chaos ill-guided policies in Washington created, Europe and Japan could be counted on to do even worse. And so it is again this time. The European banking system… Read More »The Fortune of the United States
A major financial dislocation appears imminent. I have extensively written about the three catalysts that could unleash calamity: -the reckless granting of low quality real estate loans;-the intransparency of trillions of dollars in outstanding derivatives;-and the lack… Read More »A major financial dislocation appears imminent
Declining birthrates in many nations will have a devastating effect on living standards and government finances, especially in the nations and regions with the most unhealthy demographic profiles: Japan, Russia and most of Europe. The generational implications are equally alarming, as fewer young people will be responsible for supporting a larger number of seniors.
We explore why the growing U.S. military engagement in the Middle East will guarantee massive instability for many years to come, sporadically dislocating financial markets, impairing economic growth and curtailing our civil liberties.
How could 9/11 have been allowed to happen? And how could the intelligence establishment have told the White House that Saddam had significant stores of weapons of mass destruction? Like Britain before it, the U.S. keeps responding to the effects of its own actions: place ogres like Saddam in power, show them how to oppress, supply them with weapons, and when you can’t control them, feign surprise and use faulty intelligence to justify war.
During the Clinton years, as U.S. technological advances led to an economic miracle, huge numbers of American jobs were exported to China; manufacturing was thought to be a thing of the past. Meanwhile, U.S. corporations invested billions in China that could have been invested domestically. The result: China is now being accused of doing well at the expense of the United States. How convenient.