"Major public works" have always been a strange grey area between politics and business. Massive contracts and a seemingly unlimited budget have persuaded many investors to think that this sector is safe... and stock prices have reflected that. However, if you dig down into the fundamentals, you'll find that many of these businesses lack any sort of solid
It is almost the time when the Parisitocracy's best men stack their cashmere in suitcases, take their private jets and, in a big cloud of carbon emission, land at the Swiss resort of Davos to parade around at the World Economic Forum. Instead of discussing
The return of inflation and the rise in bond yields are two trends that have been taking shape since the beginning of the year and have the potential to completely disrupt your savings.
Brexit Sends the Parisitocrats Scrambling for Cash. Brexit is causing some serious issues with the Brussels-based Parisitocracy. The resulting budget gap looks to be around 13 billion euros... and so what do they do? Cut costs to balance the budget? Never.
Mario Draghi supports deficit governments, banks and zombie companies. He incurs debts on our behalf but without our authorization. He is complicit in an unprecedented form of crime against humanity.
On Monday, GoPro investors were told just how few GoPros made it to the Christmas tree this past holiday season... and the stock dropped over 30%. If GoPro were French, the state would have swooped in to preserve it as an "economic gem".
Private virtual currencies hinder the authorities, especially since the "financial stability" touted by central bankers is a myth. As a result the French financial crimes unit openly bashed bitcoin.
"Our understanding of the forces driving inflation is imperfect," admitted Yellen. My eye becomes wet with tenderness. Brave Janet has finally confessed that she knows nothing ... It is time for her to retire and be replaced by another pretentious economist
"It's official: Bitcoin surpasses the bubble of the tulip, it's now the biggest bubble in history," says the article on Zerohedge this morning. Observers screaming at the bitcoin bubble forget to denounce the most monstrous financial bubble of all time: bonds
Crypto mining and trading consumes exactly 30.23 TWh per year. A single transaction uses the same amount of electricity as the daily consumption of more than nine US homes, according to the Bitcoin Energy Consumption Index. The system needs an eco-facelift
We are looking for a turnaround in the world's largest official virtual currency - the dollar. If this reversal of the trend is confirmed, the FTS currencies should have a bright future and the official virtual currencies a slow descent into hell.
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
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...