The Perfect Storm – Bank Run on USA
We are now going into the Perfect Storm of Global Financial Turmoil with the Great Collapse of USD Dominance and US Empire. It may result in World War III. The Germans started World War II amidst its failing financial system with hyperinflation destroying its economy. There was basically a bank run on the whole country. Similar...
The idea that money buys success and its ripple effect on our society
There is an old story about Midas, a man who was given one wish. To Midas, riches was everything, so he wished that everything he touched would turn into gold. Midas realised too late that the food and water he touched also turned into gold. He starved to death because he foolishly wished for the wrong thing. Now if we switch...
Expense ratios of sovereign wealth funds
I obtained these figures from ChatGPT. The ratio of management expense is about 0.06% of investment funds for Norway and Saudi Arabia. The ratios are much higher for GIC and Temasek, being 0.17% for GIC and 1.9% for Temasek. I do not know if these ratios are strictly comparable, but they appear to be high for GIC and excessively...
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