Meraglim Blog

Trade Is a Matter of Survival for China

It’s impossible to read the headlines or view a financial news channel without hearing about the debt crisis. We hear that the U.S. is facing a debt crisis because budget deficits are out of control. We hear that China is facing a debt crisis because of wasted infrastructure investment, bank ponzi schemes and bad loans

It’s difficult to get economists to agree on anything, but this article is a rare instance of five prominent economists in total agreement. Unfortunately the issue they agree on is that the U.S. is going broke. This article is an op-ed published in the Washington Post and written by Michael Boskin, John Cochrane, John Cogan,

Most investors are familiar with the fact that President Franklin Roosevelt closed all of the banks in America and confiscated all of the privately-owned gold by executive order in the early days of his administration, which began in 1933. Presidents since then have seized assets from countries such as Iran, Syria, North Korea and Cuba

All financial crises are the same and different at the same time. They are the same when it comes to the dynamics of contagion, illiquidity, bank failures and the high-panic state in which everyone in the world wants his money back at the same time. Yet, each crisis is different in its specific causes. The

Admittedly cryptocurrency geeks live in a world of their own and are not fully acquainted with how the domain of central banks and governments actually works. And they’re proud of it! Cryptocurrency supporters in many cases are anarcho-libertarians who thrive on the fact that cryptocurrencies are decentralized, so-called “trustless” systems that do not rely upon