Purchasing Power

Yes, This Is A Real CNBC Article On "Economics"

This trash is clearly being sold so that idiots can cite a study that says a universal basic income is a good thing. The chorus grows in the media, training the sheep how to sing their song of ignorance. Baaa if you support a universal basic income!

Mario Draghi's Fatal Conceit

"Without a monetary policy of ultra-low interest rates and bailing out struggling borrowers by printing up new money (or promising to do so, if needed) the euro project would already have gone belly up. So far the ECB has indeed successfully concealed that the pipe dream of successfully creating and running a single fiat currency has failed."

Fed Study Confirms Phillips Curve Is Useless: Admitting The Bloody Obvious

"Our results indicate that monetary policymakers should at best be very cautious in their reliance on the Phillips curve when gauging inflationary pressures,... We find no evidence for relying on the Phillips curve during normal times, such as those currently facing the U.S. economy."

Are Central Banks Nationalizing The Economy?

"Monetization is a perfect system to nationalize the economy passing all the risks of excess spending and imbalances to taxpayers. And it always ends badly... To believe that this time will be different and governments will spend all that massive 'very expensive free money' wisely is simply delusional."

Paul Brodsky: "Sorry, It Had To Be Said"

"Mr. Trump’s "Being There" presidency is reflecting an inconvenient truth back on a society that has, until maybe now, successfully deluded itself into believing government is functionally the glue holding society together..."

"Bitcoin Saved My Life..."

"Treating my mother’s cancer would have been very difficult without using bitcoins because my business is going bankrupt and I have a lot of debts, so bitcoins enabled me to stay afloat while our currency is collapsing."