January 12, 2012 (Vietnamica) –There are periods when the international system undergoes radical shifts in a short time. The last such period was 1989-1991. During that time, the Soviet empire collapsed. The Japanese economic miracle ended. The Maastricht Treaty creating contemporary Europe was signed. Tiananmen Square defined China as a market economy dominated by an unchallenged Communist Party, and so on. Fundamental components of the international system shifted radically, changing the rules for the next 20 years.
February 22, 2012 (Vietnamica) — U.S. dollar gold prices held steady just off $1760 an ounce during Wednesday morning trading in London, after a rally...