Kevin Bae

Non-Social in a Socially Networked World

  • China and France complete their first LNG transaction in Chinese Yuan instead of the U$ Dollar

    China and France complete their first LNG transaction in Chinese Yuan instead of the U$ Dollar

    This is not good news. It’s bad enough China and Russia are trading in Yuan and strengthening their alliance. Now, we have an ally, that we defend with American taxpayer dollars, trading with China in their native currency. Chinese national oil company CNOOC 0883.HK, 600938.SS and France’s TotalEnergies TTEF.PA have completed China’s first yuan-settled LNG trade through the Shanghai Petroleum…

  • Government regulation of banks resulted in larger disasters

    Government regulation of banks resulted in larger disasters

    Since the creation of the modern banking regulatory apparatus the losses, as a percentage of GDP, have grown from 1% in 1913 to 7% in 2009. The safer the government tried to make banking the greater the risks people and businesses took. This resulted in larger failures and losses. “It is scarcely to be expected…that…

  • Jussie Smollett re-enactment by the Osundairo brothers

    Jussie Smollett re-enactment by the Osundairo brothers

    Further proof of the end of Western Civilization. What the hell happened to us? It is funny, though, to watch these two knuckleheads re-enact one of the dumbest events in Chicago history.

  • Safeguard your wallet… President Biden says the banking system is safe.

    Safeguard your wallet… President Biden says the banking system is safe.

    I would feel better if he would have never given a speech. In hindsight the collapse of SVB is simple. They were under water in government treasuries. When the Fed raised interest rates the bonds they held became worth less than the amount they could sell them. They didn’t have the liquidity to handle the…

  • Inflation in reality explained

    Inflation in reality explained

    Creating $5 trillion out of thin air devalues your money. It’s as easy to understand as a diluted glass of tea. The Federal Reserve financed $5 trillion of debt by printing money. This resulted in a dilution of the value of money, causing inflation. Printing money out of thin air is poison to an economy.…

  • College degrees cost more and are worth less than ever

    College degrees cost more and are worth less than ever

    All the kids are cheating. People are paying for expensive degrees that are absolutely worthless. How far away are we from graduating college students that don’t actually know anything about their majors? This will be like the kids coming out of high school that can’t read, write, or do math at a freshman high school…

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