The Vampire Fiat Money System: How It Works and What It Means for Your Wealth

Who doesn’t know them: the blood-sucking vampires, the eerie undead, immortalized in countless films, and inspired primarily by Bram Stoker’s novel Dracula (1897). Just think of iconic movies like the silent film Nosferatu – A Symphony of Horror (1922), Dracula (1958) with Christopher Lee, Roman Polanski’s parody The Fearless Vampire Killers (1967), or Nosferatu – Phantom of the Night (1979), starring Klaus Kinski as Count Dracula. 

No, Russia is Not Losing the War in Ukraine: A Reply to Paul Schwennesen

On September 5th, Reason Magazine published a very strange assessment of the war in Ukraine, written by Paul Schwennesen, titled “The War in Ukraine Is Already Over—Russia Just Doesn’t Know it Yet.” In short, Schwennesen argues that, based on his experience recently traveling to the front in Kursk Oblast, Ukrainian will and high morale mean that the war is as good as over and that Ukrainian triumph is “inevitable.”

China on the Edge of Recession

China is on the edge of recession — excluding Covid, for the first time since 2008 — as new data showed all-important manufacturing contracted for the fourth month in a row with particular weakness in new orders.

In other words, what they’ve got is a backlog, then it’s a cliff.

Manufacturing makes up a third of China’s economy — much more than the US. The collapse of China’s property — another third of China’s economy — is adding further fuel to the fire.