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Tag Archives: wealth
CON26
CON26 Up Stories Evia 2021The IPCC came out with another report today, which is a lead-in to another climate conference, this time in Glasgow in Oct-Nov 2021. All the headlines and reactions are exactly the same as they always are: There is no time to lose!, We have to act now!, but also: There is still hope! […]
Monetary Pumping and Resources
MONETARY PUMPING AND IDLE RESOURCES As a result of the recent strong stimulatory policies employed by the US government and the Fed, most commentators are of the view that the risk of a deepening slump in the US economy on account of the COVID-19 pandemic has now receded. Some other commentators are not so certain […]
The Next Economic Crisis – Will Your Wealth Survive?
The Next Economic Crisis – Will Your Wealth Survive? The greatest wealth transfer in history has already begun and the next crisis will only accelerate the process. As the printing presses continue cranking out more and more money, looking forward to a time when the markets pause or another economic crisis consumes the world is […]
Fourth Turning Election Year Crisis
FOURTH TURNING ELECTION YEAR CRISIS “The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land, […]
Getting Out of Dodge
GETTING OUT OF DODGE Recently I received an email from a reader who asked for some feedback regarding a decision he was about to make. He’s in his early 50’s, single with an adult child and is considering resigning from his well paid and secure job in order to gain access to his substantial pension […]
LEE CAMP: The Secret Reason Billionaires Love a Pandemic
LEE CAMP: The Secret Reason Billionaires Love a Pandemic You see, there has been a class war going on for years – perpetrated by the rich (who aren’t smarter or better) against everyone else. We live in a time when there are more billionaires walking around than ever before. (They don’t actually walk. They have […]
The Social Contract Between Government and People Is Unraveling – Quicktake
The Social Contract Between Government and People Is Unraveling – Quicktake Numbers, budgets, charts and graphs about government finances. That’s what we do here. We try to understand where public money should be spent and what it accomplishes. Through that lens, it’s difficult to know where to begin on what has befallen the Chicago area […]
How to Prepare For the Coming Wealth Grab
How to Prepare For the Coming Wealth Grab And here comes the next round of stimulus. As long as large portions of the economy remain on lockdown, the government will be forced to perform massive stimulus programs/ social spending. As I write this Friday morning, the House is preparing to vote on a $3 trillion […]
Amid the Coronavirus Pandemic, America’s Billionaires Thrive and Prosper
Amid the Coronavirus Pandemic, America’s Billionaires Thrive and Prosper Although most Americans currently face hard times, with unemployment surging to the levels of the Great Depression and enormous numbers of people sick or dying from the coronavirus pandemic, the nation’s super-rich remain a notable exception. Financially, they are doing remarkably well. According to the Institute for Policy Studies, between […]
Let’s Be Less Productive
Let’s Be Less Productive HAS the pursuit of labor productivity reached its limit? Productivity — the amount of output delivered per hour of work in the economy — is often viewed as the engine of progress in modern capitalist economies. Output is everything. Time is money. The quest for increased productivity occupies reams of academic […]
Freaky-Deaky
Freaky-Deaky I never subscribed to the nostrums of Marxism, but old Karl sure had a point when he said, “All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses his real conditions of life, and his relations with his kind.” Is […]
The Delicate Balancing Act To Protect Wealth Is Full On
The Delicate Balancing Act To Protect Wealth Is Full On We Are Walking A Tightrope The delicate balancing act to protect wealth is now in full crisis mode. The key players are central banks across the world and the corrupt bankrupt governments they seek to protect. At risk is the global financial system that has […]
