We live in a system that has nothing to do with capitalism. Capitalism reinvests honestly-earned profits in competitive markets to make productivity gains, that is, more and better with less effort. And the more productive you choose to be, the better off you can become! Unfortunately, creditism doesn't work that way...
Those who speak out saying that the rich need to pay more taxes are exactly like bystanders watching a robbery take place and doing nothing... Or even worse, bystanders encouraging the robber to steal more! They are no longer bystanders - they are
The Catalans voted when they did not have the right according to the Spanish state. They have "badly voted" and would like to declare themselves independent this week, but Spain cannot afford that.
Financing public spending by a deficit is more detrimental than financing through taxes. If the State is financed by tax, it wastes money already earned by its taxpayers. If the State is financed by debt, it wastes the money that its taxpayers will have to
To buy 100-year bonds, you have to be both incompetent and irresponsible. Incompetent not to foresee the turnaround of rates and irresponsible because these buyers aren't risking their own money. No sound-minded biped would put his retirement savings into a
When the biggest buyer becomes the biggest seller, a market turnaround is to be expected. Except that the Fed will not let such a turnaround occur and will turn on board immediately. More debt and more fake money will spill over in the United States, Europe,
Once again, the French government proudly announced a plan to invest € 57 billion over five years... just like the plans they've been announcing since 1974. Despite debt piling up, French wages and employment haven't budged.
The Fed admits that it does not understand anything, that its statistics are cumbersome and that it does not know what causes inflation, but the market does not care!
As China, Russia, and other major economic players push to substitute the dollar for their own currency as their trade currency, be prepared for gold to take the place of middleman.
Today, the Fed has to communicate and give indications to the Market as to its future orientations. The Fed could withdraw some of the counterfeit currency it has injected since the financial crisis. It will be very edifying to watch the reaction of gold.
The great merit of bitcoin and the other cryptos is they have kicked the anthill of control, teeming with parasitocrats. People are starting to think again. Being both decentralized an non-inflationary, these currencies pose a threat to the system's very
Hurricane Irma has provided us with an incredible comparison between types of governments. Today, we look at the tiny island of Saint-Martin, part of which is under Dutch administration and the other under French administration, to see which type worked
It's hard to track how many people see an ad in a magazine or your poster at a conference. On the other hand, a geek can guarantee you click rates, traffic, etc. Well, that's what we all thought up until this week...
Nowadays, central bank-controlled fiat currencies have two main competitors: gold and cryptocurrencies, like Bitcoin. These are two assets that can not be infinitely multiplied. How are central banks reacting?
After Greece raised another $3 billion in emergency funds, the parisitocracy rejoiced. They ignored the fact that the government is still completely broken... as proven by the Eldorado exodus.
Netherlands (180 days). Spain (315 days). Belgium (541 days). In each country, the economic indicators like GDP and employment have all turned green. Why can't politicians see that "laissez-faire" works?
Keynes and others have called gold a 'barbaric relic'. To me, gold is a live testament to people's confidence (or lack thereof) in the market, currency, and government.
I don't envy Mario Draghi. He has the monumental responsibility of guiding billions of independent free-thinkers to invest a certain way, buy the right things, pay the right taxes... all while fighting against the natural cycle of the economy.
In its omniscience, the French government has doubled down on a failing plan to adopt windmills across the countryside. At best, this €30 billion project will only generate 0.7% of the country's energy.
My son, who works in Congo, called. "Hopeless", he said. Bank runs. Frozen accounts. Bankruptcy. Confiscation. Nationalization. Maybe even civil war. This is what happens societies are built on fake growth without real wealth creation.
Japanese knot-weed a.k.a kudzu is an invasive cancer of a plant that was originally introduced as an ornamental curiosity, but is now an unstoppable force overwhelming forests at breakneck speed.
Otkritie Bank, Russia's largest private lender, saw over 20% of its assets withdrawn over the past two months. While depositors flee, the Kremlin must be considering a bailout (which the FT estimates will cost over 1% of Russian GDP).
When central bankers are popping champagne and slapping each other on the back, you know it's time to leave the party.
Central bankers are expected to announce the end of the €60 billion per month bond redemption program, a move likely to produce violent side effects...