アキ缶

Whenever I post something suggesting that the Chinese economy is not much different from other (aging) economies, a lot of people feel the need to explain to me that China is super productive and is a true growth miracle. The straightforward reality is that China is not super productive nor a GDP growth wonder. China’s population is aging and shrinking like no other. In the coming decades, the Chinese population will shrink by hundreds of millions. More importantly, so will China’s labor force, meaning China's primary source of GDP growth is outright negative. Connecting the dots: China’s debt accumulation is way above that of the United States and other aging countries, while its money supply has exploded. With a total unrealistic GDP growth target of 5% per year, China is a debt economy on steroids. And since debt and money supply are increasingly the same, China’s extraordinary money supply growth is easily explained. No productivity boom, no miracle. Final piece of the puzzle. This is why China has no alternative but to keep buying unprecedented amounts of gold if it wants a shot at ditching US dollar hegemony.

武田家滅亡の原因は誰に求めるべきなのか難しい 信玄は最終的には織田家との敵対路線を選び、勝頼は織田徳川家との戦いで滅亡した 一方で滅亡までは10年時間があり常に劣勢だったわけではない 信玄の判断のみが滅亡を呼び込んだとは言い難いとも感じるのだ(勝頼の活動が与えた影響を軽視している)

“Moments ago, at my direction, the United States Central Command executed one of the most powerful bombing raids in the History of the Middle East, and totally obliterated every MILITARY target in Iran’s crown jewel, Kharg Island... Iran has NO ability to defend anything that we want to attack — There is nothing they can do about it!" - President Donald J. Trump 🇺🇸