I have said it countless times – the only way they will keep Biden in power is to enter the war. The US and all NATO nations have already unofficially entered the war by supplying soldiers and a blank check to Ukraine and attempting to nuke Russia’s economy by removing it from SWIFT and placing […]

(image above represents shrinkflation — an additional burden to consumers) Italy’s Industry Minister Adolfo Urso called for an emergency meeting to discuss the sharp uptick in food prices. Pasta alone is up nearly 20%, and this is a major problem in a country where 60% of residents report eating this item daily. Some provinces are […]

ASIA: India’s annual wholesale price index (WPI) fell for the first time in nearly three years in April, as prices softened across the board. WPI fell by 0.92% from the same month a year earlier, having risen 1.34% in March. The data compared with a Reuters poll that predicted a fall of 0.20%. In April, […]

QUESTION: Marty; There are those who say Scalia was wrong for he claimed the civil war was correct and he changed the meaning of the Second Amendment. You are the real constitutional scholar on these issues. Is there a right to secede by a state? Did Scalia really change the Second Amendment? Thank you so […]

@starseed65♬ original sound – Starseed65 Those who see what is coming are beginning to resist the Great Reset. Ultimately, their plan to create a one-world government will fail but it will take firm resistance. As one reader mentioned, English residents of Oxford began protesting the 15-minute city concept in March. Thousands of people took to […]

Wang Many 50 Shu

It was the monetary reforms of Wang Mang (王莽)(6/9-23AD), who made a move to establish his own dynasty, Xin, intending to replace the Han. The economy went into a chaotic period between 7 and 14AD. This centered once again upon the introduction of a new coin that was overvalued dramatically relative to its metal content. In the year 10 AD, Wang Mang was desperate for money and he instituted an unprecedented tax—the income tax first such record of any direct tax of this nature. The rate was 10 percent of profits, for professionals and skilled labor. Previously, all taxes were either poll tax (head tax) or property tax. Wang Mang was thus the founder of a short-lived Xin (Hsin) Dynasty (9-23AD). His father's half-sister had become the empress of China within the Han Dynasty. Upon the death of the Emperor, she became the Empress Dowager which meant prestige for her family.

Her son was weak and showed little interest in governing the empire. Wang Mang was his first cousin. In 8BC, Wang Mang was appointed regent. The emperor died 6-7BC without an heir. The new Emperor Ai was not related to the family of Wang Mang and thus accepted his resignation. Yet Emperor Ai died about 1BC. The Empress Dowager summoned Wang Mang and appointed him regent. Wang Mang installed his own daughter as Empress with the new Emperor pIing. On February 3rd, 6AD, pIing died. Some now accused Wang Mang of poisoning him. Wang now selected the youngest of potential heirs, a boy who had just been born in SAD and was not actually enthroned, and Wang Mang assumed the position of acting emperor. He now claimed that heaven was directing that a new dynasty should reign and he officially declared his Xin (Hsin) Dynasty on January 10th, 6/9AD.

Nature conspired against Wang Mang for in 11AD, the Yellow River flooded killing many that caused a great famine and a plague. This led to civil unrest as a sign of heaven. Peasants migrated south and banded into larger groups. One of these groups rose, known as the Red Eyebrows, they were strong enough that they defeated one of Wang's armies. This led to widespread rebellions even in the capital. They stormed the palace and in a grand last stand, about 1,000 palace guards defended Wang to the last man. The rebels then killed Wang Mang bringing an end to his brief dreams of creating a dynasty.

The Bronze reform of Wang Mang

It was the monetary reforms of Wang Mang (王莽)(6/9-23AD), who made a move to establish his own dynasty, Xin, intending to replace the Han. The economy went into a chaotic period between 7 and 14AD. This centered once again upon the introduction of a new coin that was overvalued dramatically relative to its metal content. In the year 10 AD, Wang Mang was desperate for money and he instituted an unprecedented tax—the income tax first such record of any direct tax of this nature. The rate was 10 percent of profits, for professionals and skilled labor. Previously, all taxes were either poll tax (head tax) or property tax. Wang Mang was thus the founder of a short-lived Xin (Hsin) Dynasty (9-23AD). His father's half-sister had become the empress of China during the Han Dynasty. Upon the death of the Emperor, she became the Empress Dowager which meant prestige for her family.

Her son was weak and showed little interest in governing the empire. Wang Mang was his first cousin. In 8BC, Wang Mang was appointed regent. The emperor died 6-7BC without an heir. The new Emperor Ai was not related to the family of Wang Mang and thus accepted his resignation. Yet Emperor Ai died about 1BC. The Empress Dowager summoned Wang Mang and appointed him regent. Wang Mang installed his own daughter as Empress with the new Emperor pIing. On February 3rd, 6AD, pIing died. Some now accused Wang Mang of poisoning him. Wang now selected the youngest of potential heirs, a boy who had just been born in SAD and was not actually enthroned, and Wang Mang assumed the position of acting emperor. He now claimed that heaven was directing that a new dynasty should reign and he officially declared his Xin (Hsin) Dynasty on January 10th, 6/9AD.

Nature conspired against Wang Mang for in 11AD, the Yellow River flooded killing many that caused a great famine and a plague. This led to civil unrest as a sign of heaven. Peasants migrated south and banded into larger groups. One of these groups rose, known as the Red Eyebrows, they were strong enough that they defeated one of Wang's armies. This led to widespread rebellions even in the capital. They stormed the palace and in a grand last stand, about 1,000 palace guards defended Wang to the last man. The rebels then killed Wang Mang bringing an end to his brief dreams of creating a dynasty.

ASIA:   A Reuters poll of 19 economists showed that Japan’s core consumer inflation likely increased in April due to retail price hikes offsetting the effect of the government’s energy subsidies. The core CPI, which excludes fresh food but includes energy items, likely grew by 3.4% in April from a year earlier, marking the fastest […]

I have worked advising governments around the world for over 40 years. In the process, I have learned all their tricks. The Democrats are using the RACE CARD to fool the public and destroy the United States. All of this total nonsense that the Republicans demanding ID to vote are racists because poor blacks have […]

QUESTION: Allison Schrager at Bloomberg claimed that AI does a great job finding solutions based on existing rules and information. But it’s less suited for finding novel solutions to new problems. Somehow, this does not seem to apply to Socrates for there are no new problems anyway. Am I correct that Socrates will find new […]