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Fatal Decline of the Imperial Power
A previous article, “Challenging China,” described the mixed and managed economy that enables China (PRC) to overcome the economic pressures posed by an overly contentious America. More to it. China’s mixed and managed economy is designed to match its stage of development and is well managed. The U.S. non-managed economy has no design and does […]
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President Trump’s Proposal to Eliminate Income Taxes: Can It Be Done?
In February, President Trump said that tariffs would generate so much income that Americans would no longer need to pay income taxes. The latest plan, according to U.S. Commerce Secretary Howard Lutnick, is to abolish income taxes for people who earn less than $150,000 yearly. That move would affect roughly 75% of workers, according to U.S. Census Bureau data. On its […]
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“Quantitative Easing with Chinese Characteristics”
China went from one of the poorest countries in the world to global economic powerhouse in a mere four decades. Currently featured in the news is DeepSeek, the free, open source A.I. built by innovative Chinese entrepreneurs which just pricked the massive U.S. A.I. bubble. Even more impressive, however, is the infrastructure China has built, including 26,000 […]
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Tempting Armageddon as a national strategic policy
If you want to get ahead in Washington, devise the most dangerous, reckless, merciless and destructive plan for US world domination. If it kills millions of people (especially if they are mostly women and children), you will be called a bold strategist. If tens of millions more become refugees, it will be even more impressive. […]
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Is the Reign of the Dollar Coming to an End?
Jiang Tiefeng (China), Stone Forest, 1979. In early June, a rumour began to circulate – which was widely reported in the Indian press as true – that the government of Saudi Arabia had allowed its petrodollar agreement with the United States to lapse. This agreement, made in 1974, is quite straight-forward and fulfills various needs […]
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Why Does the Government Borrow When It Can Print?
In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on both national defense ($498 billion) and Medicare ($465 billion). The interest tab also exceeded all the money spent on veterans, education, and transportation combined. Spending on interest is now the second […]
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Three Presidents Who Made Thanksgiving a National Holiday And What They Were Thankful For
Three U.S. presidents were instrumental in establishing Thanksgiving as a regular national event. On October 3, 1789, George Washington declared the first federal Thanksgiving holiday. In 1863, Abraham Lincoln made it an annual federal holiday. And in 1941, Franklin Roosevelt signed a bill setting the date at the fourth Thursday of every November. All three presidents […]
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The Fall of the West
In his bestselling book of 1987, The Rise and Fall of Great Powers, historian Paul Kennedy chronicles the rise of western power and its world dominance from 1500 to the present. He reports that the rise was not due to any particular event, nor even an unusual series of events. It was, in fact, neither […]
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Peace Dollars: Putting Our Economic House In Order
The total federal deficit at $31+ trillion? Maybe it’s time for some creative thinking — a totally unique strategy that benefits all Americans, not just capitalist predators. Special use currency is not unprecedented. Abraham Lincoln used “greenbacks” — the paper currency shown above, backed by nothing more than confidence in the government — to finance the Civil War. He […]
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