What everyone is saying, because it’s convenient, is that China’s zero-COVID policies are going to harm the economy. No. Economic harm of the past is the reason for the zero-COVID policies. As I showed yesterday, the cracking down didn’t just show up around 2020, begun right out in the open years beforehand, born from the scattering ashes of globally synchronized growth. Xi Jinping saw how a very different post-2008 global economy without any recovery was going to...
Read More »It’s Time for TINA to Retire
To listen to the audio version of this article click here. In the world of trends, history repeats more than it rhymes. Things which were considered “in” decades ago, reemerge as cool again decades later. From mom jeans to vinyl records and even Marxist ideology. The spotlight of today turns to things—both good and bad—once forgotten. Inflation is the latest trend to reemerge. But this isn’t the kind and considerate inflation which hummed quietly in the background...
Read More »Swiss technology foils Russian censorship
Since the start of the war in Ukraine, many Russian internet users have been using the Swiss software Kiwix to download Wikipedia fearing that it will soon be banned. © Keystone / Christian Beutler The Swiss software Kiwix enables the user to copy entire websites so they can be accessible offline. Now that Wikipedia risks sanction in Russia because of its content on the Ukraine war, downloads of the free online encyclopaedia using Kiwix are off the charts. Wikipedia...
Read More »Not Good Goods
The goods economy in the United States is – maybe was – the lone economic bright spot. That in and of itself should’ve provoked more caution, instead there was the red-hot recovery to sell under the cover of supply shock pricing changes. The sheer spending on goods, and how they arrived, each unabashedly artificial from the get-go. Combine those two factors, however, the necessary supply squeeze surge in prices along with the artificiality behind it wearing off,...
Read More »The ‘Friend- Shoring’ of Gold- A New World Order?
Gold and the US Federal Reserve have a love-hate relationship. Hate because they both enjoy it when the other one performs badly, but love it because the Fed owns over 8,000 tonnes of gold and would rather no one else had any. So it was a funny thing when a former Chair of the Federal Reserve proposed measures this week that would go a long way to boosting many aspects of the gold market, including the price of gold bullion… ...
Read More »Mises in America
[William Peterson was the 2006 Schlarbaum laureate, and here is his acceptance speech, delivered October 8, 2005.] Gary Schlarbaum, I thank you for this award and high honor from your grand legacy in loving memory of a genius in our time, Ludwig von Mises (1881–1973). But let me say up front, fellow Miseseans, meet me, Mr. Serendipity, Bill Peterson, here by a fluke, a child of fickle fate. For frankly I had never heard of the famous Mises when I took his course for...
Read More »Teilt Binance Nutzerdaten mit Russland?
Reuters hat gegen Ende der Woche gemeldet, dass die weltweit größte Crypto-Börse Binance Nutzerdaten mit staatlichen russischen Instituten teilen würde. Laut Reuters wurden diese Daten vor allem vom russischen Sicherheitsdienst genutzt, um Kriminalität im eigenen Land zu bekämpfen. Doch Binance verneinte diese Anschuldigungen nun. Crypto News: Teilt Binance Nutzerdaten mit Russland?In einem konkreten Fall ging es um finanzielle Unterstützung des Kreml Kritikers...
Read More »AKA Part I
Thanks for all of those great questions you submitted! Make sure you follow us on Twitter, Facebook and LinkedIn and are subscribed to our YouTube Channel so you can submit question and check out all of our audio articles, media appearances, podcasts episodes and more. A Gold Mine of Show Notes Ukraine and inflation Famous Buyer and Seller Fallacy Monetary Metals fundamental gold price World Gold Council estimates on amount of gold mined The Dawn of Gold by Philip...
Read More »Shanghai’s Current Plight Began in 2017
The first chapters to China’s new story now playing out in Shanghai were written down in October 2017. Planning for them had begun years earlier, their author Xi Jinping requiring more research before committing them to paper. Communist authorities there had grown increasingly concerned about the lack of growth potential for its political system by then utterly dependent for a quarter-century on the economy growing. So long as other places around the world wanted...
Read More »To Fight Russia, Europe’s Regimes Risk Impoverishment and Recession for Europe
European politicians are eager to be seen as “doing something” to oppose the Russian regime following Moscow’s invasion of Ukraine. Most European regimes have wisely concluded—Polish and Baltic recklessness notwithstanding—that provoking a military conflict with nuclear-armed Russia is not a good idea. So, “doing something” consists primarily of trying to punish Moscow by cutting Europeans off from much-needed Russian oil and gas. The problem is this tactic doesn’t...
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