Central-planning manipulation “works” by closing all the safety valves of market feedback, creating a dangerous but politically appealing illusion of stability and “growth.”
If we see the economy as a system, we understand why removing or suppressing feedback inevitably leads to financial crashes. The essential feature of stable, robust systems (for example, healthy ecosystems) is their [...]
As the ongoing territorial row between Japan and China continues with no end in sight, the nations’ joint economy is often said to be the greatest victim. With many Japanese companies, most notably in the auto industry, pulling their manufacturing [...]
Japan’s rescue attempt is already self-destructing their economy. The battle to raise inflation is killing what little appeal Japanese Government Bonds once had, while Japan’s dependency on debt means it has little choice but to pay the higher cost. Over 55% of the Japanese government’s expenditures goes to service debt or pay for social security. [...]
Faber: “What was the trigger of the ‘87 crash when markets fell 21 per cent in one day? What was the trigger of the Nasdaq crash in 2000? What was the trigger of Japanese crash of 1989? What was trigger of 2007 crash that brought global stocks down 50 per cent? We don’t [...]
Canada’s relations with its aboriginal people are also at a crossroads but, fortunately, one of the potential paths forward promises a more auspicious outcome than Mr. Allen’s doomsday scenario.
A more pessimistic report, by Douglas Bland, suggests that Canada has all the necessary “feasibility” conditions for a violent native uprising — social fault lines; [...]
Cracks are showing in Russia’s leadership as a slowdown in the economy is beginning to cause rifts at the heart of the government, with one academic telling CNBC on Thursday that the economy poses the biggest threat to the country’s leadership.
Richard Edgar Pipes, professor of Russian History at Harvard University, [...]
“The Chinese government has in recent months sent a number of unusually strong signals that it is concerned about financial risks in the economy,” the
Nomura economists said.
“We believe China faces rising risks of a systemic financial crisis and that
the government needs to take action quickly to contain such risks.“
The dangers posed by cyber and nuclear attack have supplanted terrorism in the table of threats facing the United States, according to the country’s intelligence and military chiefs, who warned of gaps in the nation’s defences.
They painted a picture of mounting risk to the US economy and the country’s infrastructure from cyber-attacks and highlighted [...]
“The international community cannot afford to tolerate such activity from any country,” he told a meeting of the Asia Society in New York. “As the president said in the state of the union, we will take action to protect our economy against cyber-threats.”
The remarks were the administration’s first public acknowledgement of China’s large-scale computer [...]
Why are so many people leaving the United States right now? Over the past couple of years, an increasing number of Americans have decided that moving to another country is the best way to prepare for the collapse of America. According to the U.S. State Department, an all-time record of more than 6 million Americans [...]