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Tag Archives: middle class
Half of world’s wealth now in hands of 1% of population – report
Half of world’s wealth now in hands of 1% of population – report Inequality growing globally and in the UK, which has third most ‘ultra-high net worth individuals’, household wealth study finds Global inequality is growing, with half the world’s wealth now in the hands of just 1% of the population, according to a new […]
The Mindless Stupidity of Negative Interest Rates
The Mindless Stupidity of Negative Interest Rates Here we are in the midst of The Great Stagnation Middle Class Elimination and some central bankers and mainstream economists are promoting negative interest rates. One economist was quoted in a Marketwatch piece by Greg Robb as saying, “…pushing rates into negative territory works in many ways just like […]
Welcome to the Future: Downward Mobility and Social Depression
Welcome to the Future: Downward Mobility and Social Depression If you don’t think these definitions apply, please check back in a year. The mainstream is finally waking up to the future of the American Dream: downward mobility for all but the top 10% of households. A recent Atlanticarticle fleshed out the zeitgeist with survey data that suggests […]
The Last Refuge of the Incompetent
The Last Refuge of the Incompetent There are certain advantages to writing out the ideas central to this blog in weekly bursts. Back in the days before the internet, when a galaxy of weekly magazines provided the same free mix of ideas and opinions that fills the blogosphere today, plenty of writers kept themselves occupied […]
A Prescription for Peace and Prosperity
A Prescription for Peace and Prosperity The question is often asked: “What can we do?” Here is a prescription for peace and prosperity. We will begin with prosperity, because prosperity can contribute to peace. Sometimes governments begin wars in order to distract from unpromising economic prospects, and internal political stability can also be dependent on […]
Local Production Means Jobs and Prosperity
Local Production Means Jobs and Prosperity With over 93 million unemployed working age adults in America and the economy beginning to go negative again, if you are fortunate enough to have a job it may not last much longer. It is easy to keep a positive attitude about the economy when you get a paycheck every […]
Memo to the Fed and its Media Tool Hilsenrath: We’re Not Here to Enrich Your Corporate Cronies
Memo to the Fed and its Media Tool Hilsenrath: We’re Not Here to Enrich Your Corporate Cronies Memo to the Fed: you are the enemy of the middle class, capitalism and the nation. The Federal Reserve is appalled that we’re not spending enough to further inflate the value of its corporate and banking cronies. In the […]
The Self-Employed Middle Class Hardly Exists Anymore
The Self-Employed Middle Class Hardly Exists Anymore Why owning your own income is more important than ever now Many people rightly aspire to improve their household’s state of resilience through actions such as storing emergency supplies, starting a vegetable garden, and learning basic readiness/maintenance skills, etc. In general, resilience boils down to self-reliance. But like […]
19 Signs That American Families Are Being Economically Destroyed
19 Signs That American Families Are Being Economically Destroyed The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening. Once upon a time in America, if you were responsible and hard working you could get a good paying job that could […]
Middle Class Shrinks Further as More Fall Out Instead of Climbing Up
Middle Class Shrinks Further as More Fall Out Instead of Climbing Up The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a century. In the late 1960s, more than half of the households in the United States […]
The Destruction of the Middle Class is Nearing the Final Stages | project chesapeake
The Destruction of the Middle Class is Nearing the Final Stages | project chesapeake. The events of the past few months seem astounding when taken in all at once. The plan to destroy the U.S. dollar and the American middle class is moving at an ever increasing speed. At the recent G20 meeting the nations […]
