Powered by debt

May 13, 2021

Millions have lost their jobs or had their pay slashed in the last year. Now, they'll face the full wrath of the money printer:

The invisible tax of rising inflation will do far more to harm working and middle-class Americans than Biden’s proposed tax hikes. The trillions of dollars in congressional spending and money printing from the Federal Reserve is already having a dramatic effect on the price of ordinary goods. [...]

Over the past year, food prices are up 3.5 percent, with eggs and meat up by over 5 percent; gas is up 22 percent and is expected to get even higher by this summer; lumber is up 250 percent; new home prices are up $36,000, with overall housing up 11 percent; and new cars are up 9 percent, the highest in 68 years. In April, 13 percent of new car buyers paid more than the sticker price. Other goods — from household items, baby care and general merchandise — are already up between 5.2 and 7.2 percent from this time last year. The cost of eating out shot up by 3.7 percent over the past year, and some takeout specials such as chicken wings have nearly doubled. Coffee futures are up 24 percent since October. Even growing your own food has surged in price, with the cost of seeds and potted plants jumping by 10.5 percent.

I was thinking about buying a new PC recently. The actual price of the whole build comes out to almost double the MSRP! And that's assuming all the parts are even available for purchase. As of right now, the top three 3000 series GPUs from Nvidia are sold out in Canada.

The primary driver of the current inflation comes through money printing by the Federal Reserve. The Fed nearly doubled its bond purchases since the beginning of the pandemic, pumping almost $4 trillion into the economy. This is about as much as the Fed purchased between 2008 and 2014, during the worst of the Great Recession. From February 2020 to March 2021, the total of circulating cash, mutual funds and banking deposit money supply increased from $15.473 trillion to $19,896 trillion. The Fed effectively monetizes the federal government’s debt, creating both a cover for higher deficits and increasing the money supply further. From 2019 to now, the national debt jumped from just under 80 percent of gross domestic product to over 100 percent.

We had a one-month stock market crash last year. We're due for a giant meltdown like we had in 2000 and in 2008.

Posted at 10:28 PM in Economics, Life, Politics, USA, Web/Tech | | Comments (0)

Legalized theft

May 11, 2021

That's in just four months.

If you're in the middle class and you want to sell your assets in New York, then get ready to bend over and pay YOUR FAIR SHARE:

The combined state and federal capital gains tax rate in New York would rise from the current 34.7 percent to 54.3 percent under President Biden’s American Families Plan, according to a new study from the Tax Foundation.

That's a cool $100,000 extra in taxes on the sale of a half-million dollar property.

Posted at 12:57 PM in Economics, Politics, USA | | Comments (0)

Back to work!

May 10, 2021

An overwhelming majority of Canadians don't agree with increasing immigration. A sizeable number want to decrease it. Yet, none of the Canadian political parties support this basic view. In fact, last year, when over a quarter million Canadians lost their jobs, the Liberals imported over a hundred thousand workers into Canada. Result? Depressed wages and a skyrocketing real estate market that's ripping apart families as siblings and the younger generations have to move far away to get an affordable place to live.

Oh, speaking of useless political parties and cheap labor:

Posted at 06:15 PM in Economics, Politics, USA | | Comments (0)

The DIE Rises

May 09, 2021

Vox Day:

I thought Diversity was just ridiculous back when I first heard it being bandied about my 99-percent white university campus in the late 1980s. Now it appears to be the most aggressively dyscivilizational concept since feminism.

Yup. Right from the start, it's a hideous way of judging any group: do you have "sufficient" numbers of vaginas, negroes, and [insert other irrelevant retarded identifiers] in your organization?

What's peculiar is that this progressive standard almost always applies to Whites, Christians, Europeans, and men. It's an attack on Western Civilization but cloaked in progressive virtue-signaling and dumb and mal-educated White people fall for it: Look at me, I support vaginas, negroes and [insert other irrelevant retarded identifiers]! I'm not like those uncouth White people!

Posted at 08:09 PM in Politics, USA | | Comments (0)

Some of the best

May 09, 2021

Howard Shore's epic score for Tolkien's world definitely deserves honors. Hans Zimmer's music for the Prince of Egypt is over two decades old but still stands as one of his very best. 1492: Conquest of Paradise -- a magnificent soundtrack by Vangelis -- should be on the list.

Posted at 06:34 PM in Pop Culture | | Comments (0)

Totally Haraam!

May 06, 2021

Posted at 03:40 PM in Politics, USA | | Comments (0)

Pussies at Ryerson University

May 04, 2021

One photo to trigger them all:

Members of the fashion industry are decrying a prominent Toronto philanthropist and the university she backs after she posted a photo of herself and her family posing with former U.S. president Donald Trump at a gathering in Florida.

Suzanne Rogers posted a series of photos in an Instagram story on Saturday, which appear to have been taken at Trump's Mar-a-Lago residence in Palm Beach, as first reported by Canadaland. The posts appear to show Rogers and her family, including her husband, Rogers Communications and Toronto Blue Jays chairman, Edward Rogers, dining with Trump.

Litteerrralllyy shhhaakkinngg.

Posted at 08:15 PM in Politics, USA | | Comments (0)

The Bell Hell

May 03, 2021

Walter Schultz doesn't like leaving anything to chance. The licensed private investigator documents everything — so when he contacted Bell Mobility in February for a better deal on his service, he recorded the exchanges.

Three different customer service representatives made the same offer, which he accepted, that included 10 GB of data for $55 per month.

But Bell later told the Kitchener, Ont., man he couldn't have the deal — because it didn't exist.

I know someone who used to work at a Bell call center. Too many reps, mostly foreign students, would often make ridiculous offers to customers to get them to stay but, in reality, those deals didn't exist for current clients. Many times such offers were exclusive to new customers but they came with a time limit -- the sweet low prices would apply for six months and then skyrocket to the original, high rates. Of course, this important information wasn't shared. So, one ended up with pissed off customers six months down the line but by then the reps already had met their numbers, got their bonus, and had moved on to greener pastures.

Bell and Rogers are truly hated by a large number of Canadians because what they're doing is deceptive and illegal. Why do they keep getting away with it? A law professor explains:

He says the biggest problem for consumers is "accessing justice," because it's often too expensive to enforce consumer rights if a telco refuses to budge and the CCTS rules against the complainant.

"Already consumers always feel that they're in a weaker position, and I think they are, which is why we have legislation to protect them… but what are [they] going to do? Commence a legal action for $100? Most people will not," he said.

Stop using their services. There are plenty of reasonable and cheaper alternatives.

Posted at 11:18 PM in Economics, Life | | Comments (0)

Can't buy a closet

May 03, 2021

When Andrés Peñaloza and his wife Maria Fernanda Gonzalez first immigrated to Canada from Venezuela more than two years ago, they dreamt of a better life, which included owning a home. But after years of looking to buy something that would be suitable for the family they hope to start in Vancouver, they’ve quit searching.

Tough years ahead for Millennials and Generation Zyklon:

With the average home price in Canada jumping 31.6 per cent year-over-year in March, Peñaloza and Gonzalez are part of a cohort of people under the age of 35 who feel that their dreams of homeownership are increasingly out of reach. These millennial prospective buyers have seen their earnings hammered by two major recessions now.

Note: that's an average. There are places in Canada where houses have nearly doubled in price in one year.

“Back when my mom started out as a young person in Canada, it took five years of full-time work to save a 20 per cent down payment on an average priced home. Today, across the country on average it now takes 14 years,” he said.

At that rate, it will take 70 years to pay off a house. Even for an average salaried couple, that's 35 years of non-stop full-time grinding work to own a house. It's simply not worth it.

Taking a step back, it's astonishing that a country the size of Canada has such a ridiculous real estate market. There is enough viable space in the country to increase the housing space by an order of magnitude. Yet, the supply is artificially limited by policy, the immigration levels are exploding thanks to the Liberals, and the job market is stagnant courtesy of Corona Chan. Most of this misery was largely avoidable.

Posted at 04:43 PM in Economics, Politics | | Comments (0)

One is. The other has to become.

May 02, 2021

Very true. Women list high income as one of their requirements for a mate. Of course, logically, most men don't.

Posted at 03:54 PM in General | | Comments (0)

White Jeopardy

May 02, 2021

It's fashionable to dump on Whites for made up reasons:

Contrast the above with the non-reaction to this demonic mediocrity:

Stanford University student Gabrielle Crooks, a member of its student government, expressed her hatred for white people in a series of tweets this past summer.

“Yes I think white people need to be eradicated yes I will go feral over mediocre white men we exist,” she wrote in July 2020.

Despite advocating for genocide, her student senate page biography states that she aspires to be a “human rights attorney” and “address racial violence.” She is also a Black Recruitment and Orientation Committee coordinator at Stanford.

Posted at 10:15 AM in Politics, USA | | Comments (0)

Escape from New York

May 01, 2021

When high taxes and asinine regulations drive away entrepreneurs and revenue, the bureaucracy starts to prey on the small businesses. Of course, this only accelerates the decline. 

The Thomas Sowell bit is apt. He was a Marxist in university who quickly learned about the cold and brutal nature of the government apparatus after he worked in it.

Posted at 08:58 PM in Economics, Politics, USA | | Comments (0)

Just a few short years later

Apr 27, 2021

Many Canadians are against the added option of a private system. They think that everyone should get the same miserable health care regardless of income. What they fail to see is that not-poor Canadians will simply travel abroad to get treatment. In other words those who suffer through months and years (!) of wait time for a basic appointment or surgery are largely the poor Canadians. It would be better to have a private system with extra doctors, nurses, and hospitals within Canada. Of course, that would showcase the mediocrity of the public system. So, the sad reality continues.

Posted at 05:41 PM in Economics, Politics | | Comments (0)

Fighting the mob

Apr 27, 2021

Excellent.

Posted at 04:36 PM in Politics | | Comments (0)

Compassionate socialist health care

Apr 26, 2021

For coloreds only:

Strange, how this logic is missing when it comes to crime statistics:

Posted at 08:38 AM in Politics | | Comments (0)

KHHAAANNN!

Apr 25, 2021

Pakistan Prime Minister Imran Khan is urging Western governments to criminalize any insulting remarks against Islam’s Prophet Muhammad and treat offenders the same way they do those who deny the Holocaust.

Khan spoke Saturday after violent nationwide protests this week by a radical Islamist party demanding expulsion of the French ambassador over the publication of cartoons in France depicting the prophet, an act condemned as blasphemous.

Imran Khan does have a point. Though, not the one he thinks he's making. Let's say that a Western country repeals its holocaust denial laws. Would Imran Khan be then content? Nope. The rules and laws of the non-Muslim world are irrelevant. What matters is that they bow down to the whims of Muslims.

Posted at 03:04 PM in Politics, World War M | | Comments (0)

Equality is evil

Apr 24, 2021

The government can't magically turn the poor into rich. However, it is supremely competent at doing the opposite. A similar logic applies with education:

The Virginia Department of Education (VDOE) is moving to eliminate all accelerated math options prior to 11th grade, effectively keeping higher-achieving students from advancing as they usually would in the school system.

At least the dumb kids will feel so much better about themselves.

The changes were just the latest of many to prompt concern from parents in the state, which has seen in-fighting over controversial ideas surrounding equity and race.

A Loudoun parent who spoke on the condition of anonymity worried that the changes would "lower standards for all students in the name of equity."

Yup.

Posted at 04:29 PM in Politics, USA | | Comments (0)

Mostly peaceful attempted stabbing

Apr 23, 2021

One of the most bizarre aspects of these videos is how the culprits completely ignore the cops. We're told that the American system is RAYCISSS and that cops are out to hunt blacks.  Instead of simply walking away when the police shows up, these blacks go full psycho and leave the cops with little choice but to use lethal force.

Then, afterwards, we're told how the crazy bitch was an angel who could've become a brain surgeon. Also, White cop is VERY BAD MAN. It's all so tiresome.

Posted at 10:28 AM in Politics, USA | | Comments (0)

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