IPFS News Link • China
China’s Monumental Ponzi: Here’s How It Unravels
• http://www.lewrockwell.com, By David StockmanInstead, the cause is monetary madness with a red accent. Chairman Mao was not entirely mistaken when he proclaimed that political power flows from the end of a gun barrel-–he did subjugate a nation of one billion people based on that principle. But it was Mr. Deng’s discovery that saved Mao’s tyrannical communist party regime from the calamity of his foolish post-revolution economic experiments.