Featured Article

They Don’t Want You To See This

Posted by Michael Campbell

on Friday, 18 October 2019 13:07

Vivian Krause is Canada’s best investigative journalist (Robert Fife and Terry Glavin honourable mentions).  Her tireless efforts churning through thousands of pages of US tax returns revealed the extent of US involvement in the opposition to Alberta oil and every proposed pipeline. Her new documentary Over A Barrel is a must see and you can do that for free until the end of the month.

 

Facebook’s Libra: Does the World Need Frictionless Money?

Posted by Michael Pettis

on Thursday, 17 October 2019 7:54

People typically think of money as something that exists mainly to facilitate the buying and selling of goods and services, or current account transactions. But in fact, one of the major uses, if not the major one, is to facilitate debt, investment, and other capital flows, including across national boundaries. Digital money like Libra, in other words, won’t just be used to buy cups of coffee. Unless strictly regulated, its major use will probably be to facilitate capital flows. This has really important implications—both good and bad—that weren’t addressed in the Libra White Paper . The most important one is that as the digital currency is now structured, the more successful Libra is the more it may facilitate destabilizing capital flows.

I have never been terribly knowledgeable about digital and cryptocurrencies (although like most people living in China, I pay for a lot of things with my WeChat app), but I had drinks at my home earlier this week with the very smart Cristian Gil. He is an old friend who at the turn of the decade started a digital-currency trading company called GSR as a hobby, only to watch the firm morph into a serious business. After our interesting discussion on cryptocurrencies, I decided to read up on Facebook’s new digital currency and try to figure out how it might operate….CLICK for complete article

Global Warning

Posted by Matthew Embry

on Wednesday, 16 October 2019 8:56

Investigative documentary filmmaker Mathew Embry takes on the energy industry and the apocalyptic claims of climate activists as the debate grows around the world, including putting the future of Canada at risk. BROADCAST PREMIERE: October 20, 2019 only on Super Channel.

Leibovit Newsletter – Special Offer

on Friday, 11 October 2019 13:50

Mark Leibovit and his proprietary volume reversal technical analysis was back on top of the Timer’s Digest rankings again this past summer, no surprise for someone with track record of trading success that goes back more than 30 years. Mark is Michael’s guest on Saturday’s show and has very generously offered MoneyTalks listeners a discount code for 50% ANY of his subscriptions. Use code – woc2019vrnews. CLICK HERE for more information and to order.

  • VR Platinum
  • VR Silver
  • VR Forecast
  • VR Trading Ace
  • VR Metals Report
  • Canna Sector Report
  • Blockchain Letter

Canada’s Heavy Immigration Is The Last Pillar Preventing A Recession

Posted by BetterDwelling

on Wednesday, 9 October 2019 8:09

Canada’s booming population growth is the only thing separating the country from a recession. There’s been a lot of talk about Canada’s massive growth in gross domestic product (GDP). There’s also been a lot of talk about Canada’s population boom, driven largely by immigration. However, few people seem to be discussing what the combination of the two means. When looking at GDP per capita (i.e. in the context of population), growth is falling at a rapid pace. In fact, lower growth has only typically been observed around recessions.

GDP Per Capita

The term is simple enough to figure out, but the reason it’s more important than a straight GDP read is less obvious. Gross domestic product (GDP) is a measure of a country’s aggregate economic output. That is, a measure of the total value of goods and services created/provided in a country. GDP per capita is the value of those goods and services, divided by the number of people. By just dividing GDP by the population, you get a much better view of the numbers.

A country may have large economic growth, but it doesn’t mean a whole lot if the population is growing faster. By itself, GDP is the world leader equivalent of a d*ck measuring contest. The primary benefit is being able to compare your economy to another. If GDP per capita is falling though, it means your population may be suffering from an eroded standard of living. Now what do you care more about? That your economy is bigger than a country you’ve never been to? Or whether you and your neighbour are seeing the benefits of economic growth?…CLICK for complete article

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