Opinion – The two-cow theory: Capitalism in America, China and around the world – John Gelmini

Campaign poster showing William McKinley holdi...

Campaign poster showing William McKinley holding U.S. flag and standing on gold coin “sound money”, held up by group of men, in front of ships “commerce” and factories “civilization”. (Photo credit: Wikipedia)

Perhaps the moral of the story which Dr Alf brings us is one which suggests that 2+2 equals 4 not 5 or some other figure.

Also that the economic shell game which is being played with Western style “fractional reserve banking ”, rather than sound money based on gold or something like Glass Steagall is one which will spell trouble for America and its allies, whereas the Chinese system of controlled capitalism is more soundly based.

In the long run we shall see.

John Gelmini