Why Black Americans Don’t Lift Themselves Up By Their Own Bootstraps

Are black Americans really that different from other minorities?  Yes, they are. In this short clip Fareed Zakaria explains the how a history of white supremacy and domination of those forced to come to the United States has shaped last 300 years of black development. The piece finishes with a fantastic snippet of Dr. Martin Luther King in 1967, explaining that it is not possible for a bootless man to pick himself up by his own bootstraps. [00:00:00.000] – Fareed…

Why Good People, Including Politicians, Give Into Strongmen & Support Blatant Lies

The American system of government relies on those in Congress, the President, the Courts, the military and the media to take often difficult principled stands. When people are elected or appointed to positions of power they know this to be true and expect to make difficult decisions, so why do they so often give into to aggressors?  It turns out that this is just human nature. This is a fascinating look into human physche in which Fareed Zakaria describes Ann…

The End of The Oil Age?

Headlines like Yes, oil is dead. Just read the writing on the wall. , The coronavirus pandemic may have one silver lining: the potential collapse of big oil. and Green Party declares that “oil is dead” are not only misleading and inaccurate, but also dangerous.   Unfortunately, these types of headlines are always from those in the first world.  Often with the best of intentions (though not always), they look around their regional environments and see decreased consumption.  They then…

VIDEO: Wealthsimple Roboadvisor & ETF’s In Explained Laymans Terms

What is Wealthsimple? What is a roboadvisor?  What is an ETF? Why Mutual Funds are a bad investment option?  How can I setup an account?  These questions and many more are explained in this video: What is Wealthsimple? Wealthsimple is a roboadvisor.  Their slogan is “investing on auto pilot” and that boils down to putting your money into the stock market without big fees or complexity. Who Runs Wealthsimple? Their board of directors include some very big names in the…

What the COVID19 Economic Shutdown Tells Us About How Unrealistic The Paris Climate Accord Is

Few people can envision a world with a greater economic shutdown than what we have seen in the COVID-19 Pandemic.  The bright side of this unprecedented collapse is the world has seen skies over industrialized cities cleaned up to a degree many thought impossible. It is an undeniable fact that COVID19 shutdown has shown us what is possible and that is the problem. COVID19 Pandemic Cleared the Air On the up side take a look at this excellent two minute…

VIDEO: Why The US Should Not Block China’s Huawei From Buying Amercian Semiconductors & Software

In this short edited interview from BNN Bloomberg Technology show, Huawei’s US chief of security explains that blocking US companies from selling billions of dollars in hardware to China’s Huawei, will only force them buy parts elsewhere. This blockage will slow down Huawei but will not stop them.  It will, however, have serious implications for US tech companies as their competitors just gained giant sales and support from one of China’s darling tech behemoths. If you found this interesting, these…

Michael Moore Presents Planet of the Humans – The Fact & The Fiction

I recently had the opportunity to watch “Michael Moore Presents Planet of the Humans” and while I expected it was going to be about how the math of some forms of “green” energy just doesn’t add up environmentally, it turned out to be something completely different. Where is the Energy Fairy? It turns out that there is no energy fairy. The green Illuminati does seem to have convinced the green masses that they have to wait for a magical energy…

VIDEO: Should The Government Set Price Controls & Bail Out Companies During Extended Crisis?

As someone that works in Alberta’s oil and gas exploration industry that was just notified his company is pulling out of Canada before the end of 2020, I can understand how government bailouts and price controls are initially appealing to many.  However, both price controls and bailouts significantly distort markets, causing all of us unnecessary pain. WHAT’S WRONG WITH GOVERNMENT BAILOUTS? Much more importantly bailouts encourage companies to take risks or fail to plan for the future so they can…

VIDEO: Fracking Shale Oil is a Ponzi Scheme That is Finally Collapsing

Shale oil has been driven by investors with few places to put their money deciding that oil US and Canadian oil plays MIGHT work out. The fracking revolution (a.k.a the Shale Revolution) never made financial sense and investors started fleeing the business in 2019. By 2020 once booming areas like the Permian (under Texas and Oklahoma) have proven to be losers. If it takes $10 million and 2 years to get $8 million dollars in return, investors are not happy.…

A Guide to ECommerce: Amazon vs Ebay vs Alibaba vs TaoBao vs DHgate vs Banggood vs Tmall vs AliExpress

Those of us in the West have been using ecommerce sites lite Amazon and eBay since the dawn of the internet in the mid-1990’s, but as is often the case those who start second learn from others mistakes and are even more successful.  Today every chain retailer has an ecommerce site but there are a few giant Chinese companies that are poised to take over the world. There are dozens of highly successful ecommerce players in the Chinese market but…

The Top 25 – Global Oil Production By Country

We have seen gasoline prices plummet to as low as USD$1.29/gallon in the United States and CDN$0.58/liter in Canada.  We knew that: the United States became the worlds largest producer of oil a few years ago thanks largely to the fracking revolution, and Russia and Saudi Arabia were quickly expanding production but we didn’t really have a grasp on scale. How big is the global oil market and where major oil producing countries like Canada, Iraq, Mexico and Venezuela lie…

Why Is Gas So Cheap Right Now? … and it isn’t Because of COVID-19

We have received several comments from readers and friends saying that they expect gas prices to stay at this historical low rates because COVID-19 (see our new videos: How COVID Ends and COVID vs Spanish Flu vs SARs vs MERS) will likely drag out low demand for many months or even years.  In Calgary you can buy gasoline at just $.58/liter and in New York, you can get it for as low as $1.69/ gallon! It is common sense the…

How COVID Ends – Should Some Low Risk People Return to Work During COVID-19 Oubreak?

There has been so much pointless coronavirus finger pointing between China and the US in recent weeks that there has not been a substantive discussion about the exit strategy to this or any other pandemic.  That does not mean that serious people have not been thinking about how to get out of this and the answer now seems obvious. The doctor (Dr David Katz) who dared to point out that there is much harm to humans (not just the economy)…