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Doing 90 MPH on Deadman’s Curve: A Few Thoughts on Risk
Doing 90 MPH on Deadman’s Curve: A Few Thoughts on Risk When the wreck is recovered, witnesses will wonder why they took such heedless, foolish risks. You’re in the back seat wedged between tipsy revelers, the driver is drunk and heading into Deadman’s Curve at 90 miles per hour. Nobody’s worried because the driver has […]
This is not 1997
This is not 1997 Not that minimum wages are anything new. The USA introduced its Federal Minimum Wage as far back as 1938; although today each state sets its own rate. And the general consensus is that minimum wages help raise wages in general with little or no impact on employment as a whole. The broad […]
“Transitory” Shortages & Inflation Are Actually Your Quality Of Life Being Stolen Right Before Your Eyes
“Transitory” Shortages & Inflation Are Actually Your Quality Of Life Being Stolen Right Before Your Eyes The Washington Post published an op-ed urging Americans dealing with product shortages to lower their expectations. My response? Don’t settle. Failed policies have our country devolving. There’s no doubt our country has all of a sudden slipped into the […]
A tale of two civilisations
A tale of two civilisations In recent years, America’s unsuccessful attempts at containing China as a rival hegemon has only served to promote Chinese antipathy against American capitalism. China is now retreating into the comfort of her long-established moral values, best described as a mixture of Confucianism and Marxism, while despising American individualism, its careless […]
Forget $100, Options Traders Now Betting On Oil Prices Hitting $200
Forget $100, Options Traders Now Betting On Oil Prices Hitting $200 $100 Oil is no longer an ‘outrageous’ bet in the call-options market Some speculative traders are now betting on $200 oil in December 2022 For those betting on $100 oil, the leader of the OPEC+ alliance, Saudi Arabia, has a message: look beyond the […]
Peak Oil Demand Forecasts Turn Sour As Demand Keeps Growing
Peak Oil Demand Forecasts Turn Sour As Demand Keeps Growing Predicting oil—or, apparently, gas—prices is a notoriously uncertain business Over the longer term, predicting oil prices becomes even more challenging But besides crazy bets on high oil prices in the near future, there are other signs that the demise of fossil fuels has been greatly […]
Shortages & Hyperinflation Lead to Total Misery
SHORTAGES & HYPERINFLATION LEAD TO TOTAL MISERY At the end of major economic cycles, shortages develop in all areas of the economy. And this is what the world is experiencing today on a global basis. There is a general lack of labour, whether it is restaurant staff, truck drivers or medical personnel. There are also […]
Chokepoint democracy: Workers capitalize on global system weak spots
Chokepoint democracy: Workers capitalize on global system weak spots In his book Carbon Democracy Timothy Mitchell attempts to explain the rising and falling political power of the working class in terms of the evolution of the world’s energy system. The first fossil fuel, coal, required hoards of men (and it was almost exclusively men) to bring […]
Closer to the edge
Closer to the edge There may well be worse to come. With the end of the various government support schemes, redundancies have shot up once more. According to the BBC:Earlier this year when the establishment media was running fear stories about excess savings, the opening up of the economy was predicted to result in a massive […]
A Nation of Imposters
A Nation of Imposters That’s how we’ve become a nation of imposters: our imposter stock market hits a new high and the imposters cheer because it proves the scam is still working. You’ve read the warnings about the proliferating imposter scams: scammers posing as “officials”, representatives of utilities or “a close friend of a family member” […]
#214. Needed – a new model tin-opener
#214. Needed – a new model tin-opener THE LIMITS OF TRANSITION Logically considered, 2021 ought to have been the place where old assumptions go to die. In many ways, it is. Specifically, orthodox, money-based economic interpretation is being debunked. Current events are demonstrating that the economy isn’t, after all, entirely or even primarily a financial system. […]
Weekly Commentary: A True Central Banker
Weekly Commentary: A True Central Banker Who can blame him? Certainly not me. October 20 – Financial Times (Martin Arnold and Guy Chazan): “Jens Weidmann has decided to step down after a decade as head of Germany’s central bank, only weeks after the country’s general election and shortly before a crucial decision on the future […]
Lies, Lies, Lies!
Lies, Lies, Lies! Politicians may be morons when it comes to public policy, but they’re geniuses when it comes to inventing new ways to control your life and steal your money. Tax increases seem old-fashioned compared with new 21st-century ways to take over the financial system to your detriment and make you pay for their […]
A Big Thank You From the Global Oligarchy
A Big Thank You From the Global Oligarchy Dear People, We are now almost two years into our great transition, and although there’s still a very long way to go, we wanted to take this opportunity to thank you for your help in allowing the project to run so smooth thus far, and to encourage […]
Meat Prices on the Rise
Meat Prices on the Rise (Image from Statistics Canada: Prices for meat products rise year over year in September) Canada’s CPI rose 4.4% YoY this September, according to Statistics Canada. Every major sector saw gains, but meat prices spiked 9.5%, marking the fastest pace of growth since April 2015. Canada’s Food Price Report for 2021, released […]
