Is China an Alternative to the Western Model?

March 21 2018

The Central Committee of the Communist Party of China recently announced its plans to scrap the two-term limit on its presidency, which would mean that Chinese president Xi Jinping can continue in power after the end of his second term in 2022. This news was largely frowned upon by the Western world and is often explained as a step toward an increasingly totalitarian state. But is this a bad development? Or are these plans understandable from a Chinese perspective?

From a Western democratic

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Frank Knopers

The Stock Market Declines: Correction or Crash?

February 13 2018

Last week on Monday, the Dow Jones index lost more than a thousand points for the first time in history, a drop of 4.6%. This correction followed a decline in stock prices that had already started on the Friday before, although few investors had anticipated that the index would fall by this much. On Tuesday and Wednesday, stock prices seemed to recover somewhat, but on Thursday the most important indices in the United States fell again considerably.

Last week’s correction seems dramatic, but

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Frank Knopers

The Dollar as Financial Weapon?

January 10 2018

Since the demise of the Bretton Woods system in 1971, the world has become increasingly dependent on the US dollar. The US dollar continues to fulfill an important role as the world’s reserve currency and as a result the United States is basically obliged to provide the world with sufficient

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Frank Knopers

Is Bitcoin the New Gold?

December 13 2017

At the time of writing, Bitcoin prices reached an all-time high of more than $17,200 dollars, whereas over the past few months the gold price remained close to $1,200 per troy ounce. Moreover, when we have a look at recent data from Google Trends, we can see that “buy bitcoin” has become a more popular search term than “buy gold”. Even the followers of former member of the U.S. House of Representatives Ron Paul (an avid gold bug) have shown in a recent poll on Twitter to prefer Bitcoin over gold as a store of value.

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Frank Knopers

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