How the West became China’s willing servant Eurozone leaders have brought their begging bowl to China, looking for help in boosting their bailout fund. So what does this say about the shift in the global balance of power? In October 1911, China rose up in revolution. Four months later the last emperor had fallen and…
FROM Seattle to Sydney, protesters have taken to the streets. Whether they are inspired by the Occupy Wall Street movement in New York or by the indignados in Madrid, they burn with dissatisfaction about the state of the economy, about the unfair way that the poor are paying for the sins of rich bankers,…
Social Security A monstrous truth September 15, 2011 NO PONZI scheme in the history of the world has ever lasted 75 years. Ponzi schemes depend on garnering an ever-increasing pool of new investors to pay out returns to prior investors. When the potential pool of new investors runs dry, they collapse. This will occur when…
Traders at the Frankfurt Stock Exchange in Germany, whose owner is negotiating to purchase the New York Stock Exchange.