Beware a Wounded Dragon

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There are increasing reports from credible sources that the Chinese economic miracle may be collapsing. This has enormous implications for the rest of the planet. To some, this may be simply a natural transition as the Chinese economy matures, as suggested in a report from Financial Times.

To others, this is the collapsing of a debt-induced bubble, the failure illustrated by an actual Ponzi scheme that recently unraveled. While not everyone agrees China is in trouble, there is increasing concern that things are getting out of control. Capital flows out of China have gotten substantially worse as those with money are attempting to get it out of China as quickly as they can. Continue reading

China to end one-child policy

China has decided to end its decades-long one-child policy, Xinhua news agency reports.

All couples will now be allowed to have two children, the state-run news agency said, citing a statement from the Communist Party. Continue reading

NASA-funded study: The way to save Western civilization from collapse is communism

“We can’t expect the American people to jump from capitalism to communism, but we can assist their elected leaders in giving them small doses of socialism, until they awaken one day to find that they have communism.”

“We do not have to invade the United States, we will destroy you from within.”

– Nikita Khrushchev

If the United States wants to avoid falling like the Roman Empire, it must avoid “overconsumption” and distribute resources equally, according to a study funded by NASA.

“The fall of the Roman Empire, and the equally (if not more) advanced Han, Mauryan, and Gupta Empires, as well as so many advanced Mesopotamian Empires, are all testimony to the fact that advanced, sophisticated, complex, and creative civilizations can be both fragile and impermanent,” reads the NASA-funded report published in the Ecological Economics journal. Continue reading