The end of the Cold War opened a new economic cycle that is perhaps only now truly changing in form and substance. The Soviet Union had been defeated by the United States partly because of the then-President Ronald Regan's threat to build a very expensive space shield that would have annihilated the enemy's defence capabilities. Reagan knew that Soviet civil society was suffering and that Moscow would not be able to meet the cost of accepting the [...]
NOVEMBER COMMENT 2022 - SWISS BANKS PLANETARY BALANCES