My last article discussed how Keynesian economic theory is used as a persuasion tool for current institutions of power to gain even more power. One of the keys to hide the destructiveness of Keynesian theory is to lie about inflation. Manufactured inflation numbers pose as “scientific data” to justify economic policy and interest rate decis… Read more
Like the postmodern movement, the rise of Keynesian theory in academia in the past century has led to government institutions wielding more power than they merit. The general public doesn’t really understand this recent interpretation of economics, so they are encouraged to trust a group of economic “experts” to sort it out for them.… Read more
… Read more
On Thursday, Twitter reported a third-quarter loss of $21 million, or 3 cents per share. Excluding one-time items, the company earned 10 cents per share in the latest quarter.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The company posted re
A new Ipsos poll came out that shows Canadians are pretty much screwed no matter what the next Keynesian move is by the Bank of Canada:
Four in ten (43%) say they are concerned about the impact of rising interest rates on their financial situation, and nearly three in ten (28%) expressed concern that rising interest rates could move them towards bankruptcy.
… Read more
Take a look at this screen grab of the real estate headlines at CP24.com (Canadian Propaganda 24 hours a day):
Affordability is the worst, yet prices are near the bottom?
Nothing is technically “affordable” nowadays in a Keynesian powered economy. No one is encouraged to save, and everyone (government included) relies on debt, a.k.a. future … Read more
The widespread negative social ramifications of smart phones and social media gives way to the question: to regulate or not to regulate? Should we trust people with weaponized legislation to be moral arbiters?
The inven… Read more
BitCoin cheerleader Max Keiser recently “debated” gold bug Peter Schiff at the Nexus Conference. It wasn’t a debate. It was a comedy show.
Just to clarify right away, I am not making a case for gold over cryptocurrencies. My position is that both are overinflated by the debt bubble (see There’s no use arguing BitCoin vs. gold)… Read more
Canadian policy is currently being dictated by emotion (or more accurately, postmodernism) and the lack of objective analysis in some of the new bills and laws being passed will have dire consequences in the future.
In Ontario, the decision by the Wynne Liberal government to raise minimum wage to $14 by 2018 (about a 30% increase) and $15 by 2019 was made desp… Read more
Saying “you just don’t get it” is a persuasion tactic normally held by stakeholders trying to make the sale. It implies that skeptics are too dumb to understand. It persuades people to side with the cool kids so that they can hurl the same arrogant insult to other naysayers. BitCoin and cryptocurrency holders are supposedly brilliant fo… Read more
In my two previous articles There’s no use arguing BitCoin versus gold and When non-tech savvy people talk about BitCoin, is it a sign of a bubble at its peak? I asserted that BitCoin behaves like a commodity, like gold, and public psychology ultimately determines its value. If the public perceives it as worthless, its value will drop to zero.
A main t… Read more