clearly, the narrative is “record profits mean gouging!” but this is a ridiculously facile and illiterate claim.
it’s pure playing to the peanut gallery.
inflation drives the nominal value of everything, including profits, higher. if a company once had $100 in revenue and $5 in profits and these numbers grew to $150 and $7 in profits, sure, that’s “record profits” but if inflation was 50% in that period, it was a drop in profits in real terms. it was also a drop in margins. what was a 5% profit margin is now 4.7%. that’s the opposite of gouging, that’s margin contraction and lower real profits. and that is what we are seeing across the US right now. businesses are not gouging, they are taking it in the chin to protect the consumer.
https://boriquagato.substack.com/p/price-gouging-is-a-nonsense-narrative
THE GREAT RESET: I'VE CONNECTED THE DOTS. NOW CANADIANS NEED TO CONNECT THE CONSEQUENCES.
By Rich Angel | Wake Up Canada News
After years investigating Canada's gold reserves, Brookfield, Mark Carney, the World Economic Forum, our pensions, wars, digital banking and foreign ownership, I've reached a disturbing conclusion.
We're witnessing a massive transfer and concentration of economic power, and most Canadians are being shown the individual pieces instead of the entire picture.
Here's how I watched it unfold.
FIRST, THE FINANCIAL FOUNDATION.
Canada spent decades selling virtually all its official gold reserves. Our wealth became increasingly dependent on financial markets, investments and international institutions.
THEN CAME THE CRISIS YEARS.
In 2020, the World Economic Forum publicly promoted its Great Reset. Governments accelerated digital services, while the pandemic exposed how quickly emergency powers could reshape everyday life.
In 2022, the Freedom Convoy bank freezes demonstrated that access to money could be restricted through extraordinary ...
