The pump-and-dump is on.
Back when BitCoin and other cryptocurrencies were ascending to unprecedented and irrational highs, I churned out article after article detailing all the analysis from first principles why the real valuation of cryptos is zero, and not $20,000/BTC.
I started writing about the cryptocurrency bubble when BTC was hovering around $… Read more
Another inanity sweeps the world. Another vacuous Tweet makes international headlines.
The Yanny/Laurel “debate” is surely a sign of the times we live in.
It is a “debate” devoid of nuance, encouraging more us vs. them mentality than independent and critical thought. Everyone is ready to jump into the fray, picking sides and st… Read more
Facebook’s announcement of dating features on its platform deserves a genuine laugh.
I suppose it’s a valiant attempt at exp… Read more
Cultural Marxism rears its ugly head again in the social media cesspool.
This time, Twitter user Jeremy Lam (@jere_bare) had the wherewithal to speak on behalf of 1.5 billion Chinese (and apparently me included). Stereotyping anyone with Chinese ancestry to great irony by grouping us all as like-minded thinkers and not individuals, he accuses a stranger … Read more
This video perfectly points out the extreme irony and hypocrisy of mainstream media, the seed that has helped grow today’s cult of group-thinking “news” watchers, reflexively regurgitating platitudes, smug in their presumed “informed”-ness but ultimately incapable of individual and critical thought.
Unless you a… Read more
The pack leader in this debt-driven bubble, Netflix, made another 8% leap today with glowing media reports everywhere noting that subscriber growth beat analyst estimates in the latest earnings report.
If there’s any indicator big enough saying how much risky speculation is fueling this stock market, it is today’s wall-to-wall media co… Read more
Despite the revelations of the obvious, that is, the implicit admission of censorship, privacy invasion and bias after Ted Cruz’s “grilling” of Zuckerberg, one has to be weary of the pitfall that this Senate hearing aims to achieve: merely passing the baton of corruption from a private corporation to the needlessly growing federal go… Read more
Consider it a shareholders meeting.
With Mark Zuckerberg testifying in front of the U.S. Senate in what is looking to be the frontrunning dog-and-pony show of 2018, it is laughable to see the feigned concern of government officials in the wake of Facebook’s antics that include but are not limited to censorship, biased algorithms and selling privacy … Read more
Name a period in history where exponentially growing national debt was eventually paid off in full, because a nation’s financial growth was so excessive as a result of the theoretical fruits of modern Keynesian economic policy.
We’re still waiting, but don’t expect it to happen anytime soon, or at all.
Meanwhile, the amount of times ma… Read more
A good follow up to Thursday Thoughts: more reasons not to fully trust technology with your life and Another Tesla Autopilot fatality: man selflessly gives up his life to train AI, the popularity of trivial, high-priced conveniences continues to plague modern society.
People are extending their poor spending choices past the impractical thousand d… Read more