Category:

Economics

The Chapwood Index: why government released inflation data is fake

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

Keynesian economics is one big persuasion tactic to grow the government and central banks

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

FANG(+T) tech bubble: Twitter loses less money than it thought, jumps 10% pre-market

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

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Toronto housing bubble: inflation or deflation — pick your poison

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.

Ov

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Toronto housing bubble: personal debt treadmill at maximum speed

Take a look at this screen grab of the real estate headlines at CP24.com (Canadian Propaganda 24 hours a day):

RBC says housing affordability measure worst since 1990. Toronto hits worst level ever; Toronto-area housing prices may already near bottom: RBC economist

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

“Our minds can be hijacked” Part 3: to regulate or not to regulate?

This article follows Parts 1 and 2 of a four part commentary on The Guardian’s article “Our minds can be hijacked”.

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

Max Keiser goes insane at Nexus Conference! Why his strongest argument for BitCoin is weak

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

Ontario’s $15 minimum wage is going to kill more than just jobs

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

Complexity doesn’t sell — “you don’t understand cryptocurrencies” is not an argument

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

Central banks, big media and big corp show off their market manipulation skills: BitCoin drops 30% off its highs in past 30 days

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