The other day someone told me that if I wanted to have a good laugh, I should look at the exchange rate of the US dollar and the Ukrainian hryvnia. Even though I was expecting some bullshit, I was nonetheless baffled when I pulled up the data. Here it is:

In financial markets, there is always some up-and-down. In academia, they tell you that they can model such movements with Brownian motion, and also that you cannot make any money because everything is already priced fairly. This belief is called the efficient-market hypothesis. I wonder, however, what academics would say if they had to explain the year-long parallel line to the x-axis in this exchange-rate chart.

Obviously, that the Ukrainian currency would remain basically perfectly stable for a year, while they are getting pummeled on the battlefield, is laughable. If this is not evidence of a grotesque level of financial manipulation I would not know what is. This also shows how easy it is to manipulate fiat currencies. With a gold standard, you could not pull this off. In that scenario, the country would have collapsed by now. Yet, thanks to financial manipulation, the powers that be can put up a ludicrous facade. I bet if you posted this on Twitter, you would have a bunch of “NAFO” faggot swarm you, telling you that you are a Russian disinformation agent. NAFO, by the way, is a deep-state front. Their memes are the lamest crap you can imagine.