The American Dream, RIP? From Krish

An interesting article discussing the income inequality in the USA, and how the lower 85% “are doomed to stay there”.  Krish.

Social Mobility


When Will the Economy Collapse? From Krish

This video is a summary essentially explaining where the US Dollar gains its value, and why the US economy will slowly fall upon itself, potentially leading up to World War III. It takes a very aggressive revolutionary concept, but the economics is easy to understand. Consider whether you believe this to be a conspiracy/extremist point of view or not. Krish

Plus some more reading about this topic.

The Petrodollar

iPad Index 2013. PPP!

Further to the BigMac index Australian firm, CommSec have come up with a similar index to compare the purchasing power parity between two currencies using the iPad.  Is your country’s currency over-valued, under-valued or is it a fair price?

Sam’s Clever, Purple, Panthers Talk Everyday! Supply Theory?

Amount of supply; costs of production; physical conditions; payments (subs/taxes); technology; expectations.

What factors are causing these changes in Supply?

Chinese cars           Houses            A price drop but not for the consumer           Armed Robbery          But why sell?    Burnt Apples        Parks    Wheat, bread and pizza!        Life’s a beach!     Rock lobster.          You say tomato I say…     Molten metal batteries


In the wake of the shocking events that happened in Kenya last week, terrorism and the “war on terror” has been brought to the forefront of peoples’ minds around the world. But terrorism has a far longer, more global history.  Political, religious and national/ethnic groups have resorted to violence to pursue their objectives – whether full recognition of their equal citizenship (in Apartheid South Africa), a separate national state of their own (Israelis in the 1940s, Palestinians from the 1970s onwards), or the establishment of a religious/ideological state (Iranian terrorism against the Shah). In some cases former terrorists have made the transition to peaceful politics – for example Nelson Mandela in South Africa and Gerry Adams in Northern Ireland. Is it possible to justify the use of terrorist tactics if they result in the deaths of innocent civilians in bombings and shootings? This is an issue that calls into question the value we put on our ideals, beliefs and human life itself. Here are some links to help you form an opinion. Definition        Mahatma Ghandi        Iran      Terrorism works                     Two justifications             There are alternatives

Everything you needed to know about GDP and Standard of Living!

<div style=”margin-bottom:5px”> <strong> <a href=”; title=”GDP as a measure of Economic Growth and Standard of Living” target=”_blank”>GDP as a measure of Economic Growth and Standard of Living</a> </strong> from <strong><a href=”; target=”_blank”>tutor2u</a></strong> </div>


Economic Growth, Unemployment and The iPhone!

Producers outsource as a means of reducing average costs and gaining a competitive advantage. Abnormal profit and time saved can be reinvested on increasing innovation. Consumers gain through better quality products at more affordable prices .  However, what is the opportunity cost, of this action, on the macro economy?  Below is a video explaining the concept of the ‘jobs multiplier’ and it intimates how some major economies might benefit from rebalancing.