https://pjmedia.com/richardfernandez/2009/12/23/the-ending-year/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 01:17:18 -0400<![CDATA[Ralph Peters advises us to enjoy our New Year&#8217;s champagne. Next year we&#8217;ll eat the glass. Peters predicts not one, but a string of possible sovereign bankruptcies. Dubai, Greece, Spain, Eastern Europe. The world&#8217;s fourth biggest country is already bankrupt, and its&#8217; name is California. But wait: if the world really gets unlucky we may get to discover the truth about China. Is it a robust economy, or is yet another Ponzi scheme?]]>Wed, 23 Dec 2009 22:32:37 -0500<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2009/12/23/the-ending-year-n189490