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Tag Archives: wealth inequality
What’s Driving Social Discord: Russian Social Media Meddling or Soaring Wealth/Power Inequality?
What’s Driving Social Discord: Russian Social Media Meddling or Soaring Wealth/Power Inequality? The nation’s elites are desperate to misdirect us from the financial and power dividethat has enriched and empowered them at the expense of the unprotected many. There are two competing explanatory narratives battling for mind-share in the U.S.: 1. The nation’s social discord […]
What Could Pop The Everything Bubble?
What Could Pop The Everything Bubble? A crisis that can’t be solved by just printing more dollars I’ve long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the […]
The Central Banks Face Unwelcome Realities: Their Policies Boosted Wealth Inequality and Failed to Generate “Growth”
The Central Banks Face Unwelcome Realities: Their Policies Boosted Wealth Inequality and Failed to Generate “Growth” Rather than be seen to be further enriching the rich, I think central banks will start closing the “free money for financiers” spigots. Take a quick glance at these charts of the Federal Reserve balance sheet and bank credit […]
The Panama Papers: This Is the Consequence of Centralized Money and Power
The Panama Papers: This Is the Consequence of Centralized Money and Power Technologies such as the blockchain are enabling alternative ways of creating and distributing money outside central banks and states. If we don’t change the way money is created and distributed, we will never change anything. This is the core message of my book A Radically […]
A short lesson on wealth creation
A short lesson on wealth creation This morning on CBC Newsworld business reporter John Northcott was describing, in horror, a recent OXFAM report indicating that 62 of the world’s richest people have as much wealth combined ($1.76 trillion) as the poorest half of the planet (3.625 billion). Mr. Northcott and lead anchor Suhana Meharchand made […]
My Financial Road Map For 2016
My Financial Road Map For 2016 Happy New Year to All! May 2016 bring peace to you and your loved ones. Over the holidays, I had the opportunity to stay away from airports and hike Runyon Canyon with my dogs. For those of you that have never traversed Runyon’s peaks and dips, they are nature’s respite […]
Fourth Turning–Social & Cultural Distress Dividing the Nation
FOURTH TURNING – SOCIAL & CULTURAL DISTRESS DIVIDING THE NATION I wrote the first three parts of this article back in September and planned to finish it in early October, but life intervened and truthfully I don’t think I was ready to confront how bad things will likely get as this Fourth Turning moves into […]
The Class War Has Already Started
The Class War Has Already Started Here’s what’s obvious, but unacceptable: we need a new system. Pundits and apologists are quick to chastise anyone who even speaks of class war, as if the words alone might spark what the pundits and apologists fear. The pundits and apologists dread the words because they know the Class War […]
If We Don’t Change the Way Money Is Created and Distributed, Rising Inequality Will Trigger Social Disorder
If We Don’t Change the Way Money Is Created and Distributed, Rising Inequality Will Trigger Social Disorder Centrally issued money optimizes inequality, monopoly, cronyism, stagnation, low social mobility and systemic instability. If we don’t change the way money is created and distributed, wealth inequality will widen to the point of social disorder. Everyone who wants […]
One Trader Loses It Over Draghi And Yellen’s Lies
One Trader Loses It Over Draghi And Yellen’s Lies Epsilon Theory’s Ben Hunt is one of our favorite commentators and market analysts. He is a very rational, even-keeled and objective observer and trader of the capital markets, no matter how broken or centrally-planned they may be. Which is why we were disappointed to see that […]
Following in Ancient Rome’s Footsteps: Moral Decay, Rising Wealth Inequality
Following in Ancient Rome’s Footsteps: Moral Decay, Rising Wealth Inequality If you want to understand why Rome declined, look no further than the moral decay of ruling Elites. There are many reasons why Imperial Rome declined, but two primary causes that get relatively little attention are moral decay and soaring wealth inequality. The two are of […]
As the “Prosperity” Tide Recedes, the Ugly Reality of Wealth Inequality Is Exposed
As the “Prosperity” Tide Recedes, the Ugly Reality of Wealth Inequality Is Exposed This chart of median household income illustrates why so many of us feel poorer–we are poorer in terms of the purchasing power of our income. A rising tide raises all boats, from rowboats to yachts–this is the narrative of “prosperity.” A rising tide […]
How Fascist Capitalism Functions: The Case of Greece
How Fascist Capitalism Functions: The Case of Greece There is democratic capitalism, and there is fascist capitalism. What we have today is fascist capitalism; and the following will explain how it works, using as an example the case of Greece. Mark Whitehouse at Bloomberg headlined on 27 June 2015, “If Greece Defaults, Europe’s Taxpayers Lose,” and presented […]
U.S. Wealth-Concentration: The Most-Accurate Current Estimates
U.S. Wealth-Concentration: The Most-Accurate Current Estimates CURRENT REALITIES: Wealthiest Tenth (10%) of Americans Own 75% of America; They Draw 40% of All U.S. Income. Wealthiest Hundredth (1%) of Americans Own 43% of America; They Draw 20% of All U.S. Income. Wealthiest Thousandth (0.1%) of Americans Own 22% of America; They Draw 8% of All U.S. Income. Wealthiest Ten-Thousandth (0.01%) Own 11.2% of […]
