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The “Old Money” Secret to Wealth
The “Old Money” Secret to Wealth I believe that we’re heading for another liquidity crisis or financial crisis. That doesn’t mean it’ll happen tomorrow, but there are disturbing signs that it might not be too far off. It doesn’t mean the world’s going to end. But investors who aren’t prepared could see large portions of […]
A Blameless Explanation of Why Everything is Falling Apart, for Schoolkids
A Blameless Explanation of Why Everything is Falling Apart, for Schoolkids If I were invited to talk to a group of students (of any age) today, to explain why everything seems to be hopeless and falling apart, this is what I think I would tell them. When I was young and idealistic, back in the […]
Wealth Gap And The Road To Serfdom
Wealth Gap And The Road To Serfdom One of the most interesting conundrums is the surging wealth gap in America. Despite two of the largest bull markets in history since 1980, most Americans struggle with making ends meet and are unprepared for retirement. Such a reality starkly differs from the belief that rising asset prices […]
Today’s Contemplation: Collapse Cometh XXX–Ecological Overshoot and Political Responses
Today’s Contemplation: Collapse Cometh XXX September 21, 2021 Tulum, Mexico (1986) Photo by author Ecological Overshoot and Political Responses Today’s post has been prompted by some thoughts regarding the inability of our political systems to respond in a timely manner to our plight of ecological overshoot penned by Rex Weyler, co-founder of Greenpeace, and posted by Alice […]
The Hard Asset Inflation / Paper Asset Deflation Theory
The Hard Asset Inflation / Paper Asset Deflation Theory All fiat currencies are no more than floating abstractions of value. Society has put its faith in fiat currency issued by governments. These government-issued currencies are not backed by a physical commodity, such as gold or silver, but rather by the promises from the government that […]
Want to Know Where the Economy Is Going? Watch The Top 10%
Want to Know Where the Economy Is Going? Watch The Top 10% Should the wealth effect reverse as assets fall, capital gains evaporate and investment income declines, the top 10% will no longer have the means or appetite to spend so freely. Soaring wealth-income inequality has all sorts of consequences. As many (including me) have noted, […]
Turning The Wealth Pyramid Upside Down
Turning The Wealth Pyramid Upside Down When we look at upside down wealth pyramid at the left, I have a big problem with the picture it promotes. It is clearly based on someone’s opinion of what investments are safe. The one thing it does well is to scream that some investments have a high degree […]
New report outlines how Canada’s top CEOs raked in “boundless bonuses” in 2020
New report outlines how Canada’s top CEOs raked in “boundless bonuses” in 2020 The report recommends five policy solutions to tackle extreme wealth inequality. — No 2810 by fw, January 10, 2021 — “Every year we [Canadian Centre for Policy Alternatives] examine trends in CEO compensation in Canada. General trends show that compensation for the highest-paid […]
We’re Starting to Feel Like There’s Nothing Left to Lose
We’re Starting to Feel Like There’s Nothing Left to Lose Striketober is just the beginning. Adobe Stock They wouldn’t pay me. “If you forgot to clock in, then you didn’t work.” One night, I stayed late to help clean up the kitchen. We were understaffed again, as usual. The manager clocked us out 30 minutes […]
It Takes A Lot Of Education To Keep Us This Stupid
It Takes A Lot Of Education To Keep Us This Stupid Listen to a reading of this article: ❖ The oligarchic empire is working harder and harder to bolt down our minds in service of its agendas. Silicon Valley is working more and more openly in conjunction with the US government, and its algorithms elevate empire-authorized narratives while hiding unapproved ones […]
Wrong for a different reason
Wrong for a different reason Alexandria Ocasio-Cortez – A well-meaning but not particularly bright left-leaning US politician – made a stir earlier this week by wearing a figure-hugging dress emblazoned with the slogan “Tax the Rich” to the prestigious 2021 Met Gala. Since the slogan was clearly political, it wasn’t long before the various political […]
The Negative-Sum Economy
The Negative-Sum Economy There are tides and seasons in the comments I field for posts here on my blog, certain questions that get asked at regular intervals, certain saliva-flecked tirades I can count on getting whenever certain things appear in my writings or happen in the world. One of the more frequent of the questions […]
