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Latest Wealth Data Shows Disproportionate Gains to the Rich During Era of QE
LATEST WEALTH DATA SHOWS DISPROPORTIONATE GAINS TO THE RICH DURING ERA OF QE Analysts will be watching the Bank of England closely this Thursday for any hints about its plans to raise interest rates. But despite rumours of further hikes, it’s worth remembering that we’re still living in an unprecedented era for monetary policy. Interest […]
Russian Meddling: Gagging on the Irony
Russian Meddling: Gagging on the Irony The irony that is most gagging is that America’s power elite is destroying the nation’s social order by its concentration of wealth and abuse of power. The irony of the Deep State’s obsessive focus on “Russian meddling” in the precious bodily fluids of our hallowed democracy is so overwhelming […]
The Peace Fallacy
The Peace Fallacy Furthermore, we have about 50% of the world’s wealth but only 6.3% of the its population. . . . In this situation, we cannot fail to be the object of envy and resentment. Our real task in the coming period is to devise a pattern of relationships which will permit us to […]
The Billionaire Boom: 82% of Global Wealth Produced Last Year Went to Richest 1%
The Billionaire Boom: 82% of Global Wealth Produced Last Year Went to Richest 1% Photo by Nathaniel St. Clair Forida is a 22-year-old sewing machine operator in a clothing factory in Dahka, Bangladesh. She often works 12-hour days producing clothes for brands such as H&M and Target. Sometimes, during busy production cycles, the hours are […]
Social Change Will Upend the Status Quo
Social Change Will Upend the Status Quo The nation is fragmenting because the Status Quo is failing the majority of the citizenry. The core narrative of the Status Quo is that nothing fundamental needs to be changed: all the problems can be solved with more “free money” (borrowed from the future at low rates of […]
It’s Not About Democracy: Control Fraud Is the Core of our Political System
It’s Not About Democracy: Control Fraud Is the Core of our Political System The many are finally calling out the abusers of power because there’s no longer any need to pay the corrupting costs of centralization. If we strip away the pretense of democracy, what is the core of our political System? Answer: control fraud, […]
A Bedtime Story
A Bedtime Story We are explaining our money system to our grandson, James, now 14 months old… His mother tries to get him to go to bed at 9 p.m. But the little boy’s internal clock is still on Baltimore time; it tells him it is much too early to go to sleep. Bill’s living […]
Three Delusions: Paper Wealth, a Booming Economy, and Bitcoin
Three Delusions: Paper Wealth, a Booming Economy, and Bitcoin Let us not, in the pride of our superior knowledge, turn with contempt from the follies of our predecessors. The study of the errors into which great minds have fallen in the pursuit of truth can never be uninstructive.” – Charles Mackay Extraordinary Popular Delusions and […]
The U.S. is Not a Democracy, It Never Was
The U.S. is Not a Democracy, It Never Was Photo by Daniel Huizinga | CC BY 2.0 One of the most steadfast beliefs regarding the United States is that it is a democracy. Whenever this conviction waivers slightly, it is almost always to point out detrimental exceptions to core American values or foundational principles. For […]
The Neoliberal Survival Game
The Neoliberal Survival Game Photo by Nathaniel St. Clair One of the ways the media has shaped the public’s attitude concerning the distribution of wealth and power in our society, has been by the dissemination of a familiar but menacing ideology, an ideology which teaches that human success and failure is determined by evolutionary fitness — ‘the […]
The Problem Isn’t Populism: the Problem Is the Status Quo Has Failed
The Problem Isn’t Populism: the Problem Is the Status Quo Has Failed The top 5% who have benefited so immensely from the consolidation of wealth and power cannot confess the status quo has failed the bottom 95%. The corporate/billionaires’ media would have us believe that the crisis we face is populism, a code word for […]
How Central Banks Widen Wealth and Income Gaps
How Central Banks Widen Wealth and Income Gaps The Federal Reserve’s latest Survey of Consumer Finances, according to Federal Reserve Governor Brainard, shows that the share of income held by the top 1 percent of households has risen from 17 percent in 1988 to 24 percent in 2015, and that the wealth held by that […]
Low Interest Rates Subsidize Wealthy Households
LOW INTEREST RATES SUBSIDIZE WEALTHY HOUSEHOLDS When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus drum. Politicians, however, disagree over the type of stimulus to implement. The center-left party proposes greater expenditures on public assistance programs. The center-right party supports permanent tax […]
The United States of Weinstein: Complicity, Greed and Corruption Is the Status Quo
The United States of Weinstein: Complicity, Greed and Corruption Is the Status Quo If integrity means more than any of these baubles, then prepare to fail. The theme this week is The Rot Within. The sordid story of Harvey Weinstein is being presented as an aberration. It is not an aberration; it is merely a […]
Upon The Next Crisis, The Rules Will Suddenly Change
Upon The Next Crisis, The Rules Will Suddenly Change For the benefit of the elites; not the rest of us We can add a third certainty to the two standard ones (death and taxes): The rules will suddenly change when a financial crisis strikes. Why is this a certainty? The answer is complex, as it […]
