Randam Ron Paulism
Capitalism should not be condemned, since we haven’t had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It’s not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!”
Has Capitalism Failed?, July 9, 2002
Chinese Electricity Consumption Fell Massively In January, And The Chinese New Year Doesn’t Explain It
Ultra-brief note here from Nomura’s Zhiwei Zhang :
According to a China Securities Journal, China’s electricity consumption in Jan fell by 7.5%. We guess this might be a initial decline given 2002 (excluding a financial crisis period in 2008-09), indicating industrial prolongation might have slowed neatly in January.
They don’t have any some-more answers here during a moment, solely they contend that if you’re meditative it has something to do with a New Year, afterwards we are incorrect.
For now it’s only one of those things that make we go hmm…