Is the USD a ponzi scheme?
A ponzi scheme promises a high return, but is not backed by actual earnings. It gives a high return by taking the money from the later investors to pay the earlier investors. The USD now gives a high return. The US government does not collect sufficient taxes to pay the return. Instead, it prints more money and uses it to pay...
Xi And Putin; Out Of Whack?
The last comparable friendships to Putin and Xi were probably Stalin and Hitler, Krushchev and Mao, or Mao and Ho. One figures; given the asymmetry, it might be useful to keep in mind when thinking about both the motivations for such friendships. This Xi/Putin partnership is not based solely on economic considerations, nor is...
Communist Party of China
The 20th congress of the Communist Party of China (CPC) is attended by 2,296 delegates. They elect 205 members into the Central Committee, 25 into the Politburo and 7 into the Politburo Standing Committee. The central committee of CPC meets at least once a year at a plenary meeting (also called the plenum). The full politburo...
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