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That makes no sense. I guess we have to bail out credit-card debt too?

You may be right about a miracle... to save Biden's wrekt economy now, will be needing a miracle I fear.

So, they FINALLY caught him! I've been waiting for this moment for quite some time. I was surprised, but delighted when they found out who was behind the big BitFinex hack, and they caught the crock of Wall Street too. Looks like she's working with authorities now... I guess a big list of...

I'm usually the #1 opponent vs O'Leary, but I have to sadly confess that for the first time, he's dead right on something. When even I am on the side of O'Leary, that is pretty telling...

Very funny. University creating free thinkers? :D Are you a social justice warrior or what? There is no longer any free-speech allowed anymore at University. Which has been part of the backlash for a while against those institutions. The universities now have fallen into an idiotic pool where...

I watched the US give bailouts to those who not only didn't deserve them in the Financial crisis, but to those who actually caused it. Looks like history repeats. If there is one thing you can count on, it's the working-class tax payer to take the brunt every time these fiascos happen.

“If a U.S. college degree appears to be useless, it is by design,” he said, arguing that liberal arts degrees amount to “training for upper class free men (liber) who were above having a profession.” Taleb joins a growing chorus of both Republicans and Democrats that have panned the debt...

So, it does make a difference if they notice? I always tried to figure out why Americans allow insider trading Pelosi-type crystal balls to still make a mockery of the country and its ethics. Even when in plain sight. I guess it's something that only Americans can understand and are willing to...

Cuban cost a lot of people a lot of lost money with his iron finance fiasco. Just goes to show you, TV celebrities don't know shit about investing. Timothy Sykes is another past TV show example, that just loses money for people. Sykes is a jew too, but I'm not going to be any less harsh than on...

I noticed, a lot of advocates of socialism like to defend communism by saying that had Stalin not siezed control and let power get to his head, that communism would have been a utopia and the rest of the world would have quickly adapted. The falsification here is that only Stalin murdered...

I'm confused at this poorly written article. Let's ignore all the black this and black that and latino race-garbage. There is already a 16% adoption by Americans for an asset class that didn't even exist until after the financial crisis, and the article acts as though adoption is going slow...

I'm not too sure right now. I will be very curious to see how long this recession lasts (the one that we are actually not experiencing right now). And most importantly, how bad things will be once the tightening finishes. I smell more bullshit about any soft-landing... The US is in a very bad...

I must be getting old, it seems just like yesterday, when everyone seemed so sure the capitalist system in the western world just had to win, the middle working class could only go up up up with wages, and life would only get better for westerners. Only in the eastern world could things go to...

That's basically theft. When the bank or another institution accidentally moves your money into the wrong account, we don't expect them to say "Ooops, sorry. The owner of the other account doesn't want to let us to fix the mistake and return your money back." I am going to assume the news is...

Maybe we are confusing each other here? It's just, for the working class (tax payer), who really foots this moral-hazard-gone-wrong (not Biden, or magical free printing machines from magical forests), there is only one word I've been hearing lately that sums up their views to the old guy with...

I'm wondering, for those who did pay their own debts, do they get something compensated pro-rata, or are they really double-penalized? First, they get screwed for being the responsible party and paying their own debts, then they get double-screwed by having to PAY for everyone else's...

Sunday evening here. I am debating on selling my labour to work tomorrow or not, as I've got some bad sniffles here. In the meantime, here's most of what I read for this week: Introducing Marx A Graphic Guide By Rius Liked this one a lot too! Lots of philosophy mixed with capitalism ideals...