Category:

Economics

Canadians are freaking out over a 0.25% rise in interest rates

When an article was released by the Canadian Press last Wednesday advising us plebs what to do in the face of a meagre 0.25% rise in interest rates, one has to wonder how bad the economic situation really is in Canada under the debt-driven facade.

From “Money just got more expensive — what are you doing about it?“:

TORONTO — Many consumers wi

Read more

Debunking more BitCoin propaganda: down 50% in 10 days, up 1000% in 10 months

Who cares that BitCoin dropped 50% in 10 days. It has gone up 1,000% in the past 10 months!

This persuasive line is not specific to cryptocurrencies, but to any pyramid scheme.  For the impatient and greedy, the statement reads like “get in now and join the party or miss out forever”. For anyone that stops and thinks about it critically, it tells y… Read more

Walter Williams said it decades ago: $15 minimum wage kills more than just jobs

My article “Ontario’s $15 minimum wage is going to kill more than just jobs” gained traction this past weekend, presumably sought by Ontarians and Canadians rightfully worried that big government is economically trapping us in a corner.

The thing about analyzing any situation logically from first principles is that you inevitably win… Read more

AP claims that China denies halting of U.S. Treasury purchases, citing “fake news” — but that doesn’t change anything

Yesterday, I posted an article from Bloomberg that made a haste claim that economic advisors in China were recommending halting the purchase of U.S. treasuries.

On the same day, an Associated Press article claims it was fake news.

Clearly, between the two news outlets, one of them is lying (a persistent problem lately, it appears).  The mainstream media h… Read more

China makes their move on the world chess board. What will be the U.S. and Federal Reserve’s response?

With U.S. markets and arrogance at record highs, China thinks now is the right time to go for a king side attack and checkmate.

On the world chess board, Trump and his administration have went all-in on their persuasive strategy to attract as many investors to the U.S., verbally claiming full ownership of the economy realistically propped up by decades of Key… Read more

Ontario already feeling the pinch with the minimum wage hike

In my mathematical analysis of the wage hike, I claimed:

The minimum wage increase does nothing in relative terms, but increases everything in absolute terms.  It is pure, immediate inflation.

Anecdotally, within just the first few days of this legislation in effect, everyone has seen the immediate inflation in consumer prices, and if not, the immediat… Read more

Ontario raises minimum wage 30 percent, stoking world’s fastest inflation. Wait, wasn’t that Venezuela?

Here’s an article that came out on New Year’s Eve about Maduro’s “Good News!” that for fun we will rewrite from an Ontario and Canadian perspective.  Note the incredible amount of similarities and the lack of difference we can cite between the two.  One difference is that Venezuela went all-in with socialist policy and c… Read more

Looking ahead to 2018: a continuation of the Gilded age in North America

Particularly in the U.S., whose markets have thrived under a psychological uptick from Trump and the current administration, I fully expect to witness the historical pattern that accompanies my “psychology in the short term, fundamentals in the long” economic mantra.

While people are spending like no tomorrow with the hope of future earni… Read more

Debunking BitCoin propaganda: The Shopping Cart Meme

This image has been making its way around the Internet to recruit fresh blood into the BitCoin pyramid scheme.  Its prey: those that aren’t thinking for themselves and are looking for a way to get rich quick with no effort. It targets people easily persuaded by news of others making easy money, and a meme like this gives them comforting rationalizatio… Read more

BitCoin Lightning Network: adding more layers of software increases the surface area of attack

Please do some more research […] when the LN (Lightening (sp) Network) comes out it will address these issues and maintain the 1mb block size which will help it remain decentralized.

The lightening (sp) network coming soon will solve many current problems with Bitcoin.

I don’t think you understand.

“I don’t think you understand… Read more