The Big Skedaddle from the US Empire is therefore only in its initial stage. The very visible stage, is yet to come, but very much on the horizon.
Once a brain drain has occurred, that country is likely to slide into the doldrums, perhaps for a generation, and, as history has shown, often for much longer.
The boomer generation reached their teens in the 1960s, and having grown accustomed to receiving whatever they wanted in life, they were young adults and wanted to party. The phrase, “sex, drugs and rock ‘n’ roll” was coined and it was an apt one.
Bill Gates has stated repeatedly that, “Things won’t go back to normal until we have a vaccine that we’ve gotten out to, basically, the entire world.”
The escalating tensions have many market analysts worried that the trade war between the U.S. and China which began before the outbreak could escalate into a full-scale and global event.
Every four or five years, throughout the former Free World, it’s election time and those who live in what passes for a democracy get to vote – to choose a poster boy who will play the role of leader in the farcical stage show of politics.
In 1906, Alfred Henry Lewis stated, “There are only nine meals between mankind and anarchy.”
Since then, his observation has been echoed by people as disparate as Robert Heinlein and Leon Trotsky.
The slide in equity markets accelerated this week as the panic over the spread of COVID-19 truly set in across the globe.
The arch spans the highway that connects North and South Korea, except that, as can be seen… there are almost no vehicles on that highway.
Mao Zedong was, by all assessments, not the nicest fellow. In 1964, he first published “Quotations from Chairman Mao,” which came to be known to all and sundry as “Mao’s Little Red Book.”