Source – oftwominds.com – “…Crony-state capitalism has imposed rentier monopolies and cartels on wage earners, effectively transferring more of the nation’s income and wealth to politically powerful entrenched interests and cartels”: (No Wonder We’re Poorer: Wages’ Share of GDP Has Fallen for 46 Years – By Hugh Charles Smith) The problem is that limiting financialization…
Source – sputniknews.com/r – “According to a new study from the National Center for Health Statistics, the suicide rate in the United States has risen dramatically over the past decade-and-a-half” Adjusting for age, it jumped 24 percent between 1999 and 2014, with the biggest increases coming after 2006. Thirteen out of every 100,000 people now kill themselves, making suicide one…
Source – wakingtimes.com – Billion dollar lawsuits are nothing to gold-rigging banks like Deutsche, but the proposition of spending time in jail might just have motivated the notorious criminal institution’s executives to rat on its peers. This is just the beginning of disclosure in the financial industry which the world has never before seen. Deutsche…
Source – silverdoctors.com – Researching economic publications on the first century of the Federal Reserve System provides a wealth of financial information that attempts to explain the way the central bank works. Rarely will the academic studies and official reports address the raw nature of a money creation by a private banking monopoly. The common…
Source – davidstockmanscontracorner.com – 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 support a middle class lifestyle…
Source – robertreich.org – I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains. The old-style trade agreements of the 1960s and 1970s increased worldwide demand for products made by American workers, and thereby helped…
Source – theburningplatform.com, By Jim Quinn – Boomers aren’t retiring en mass because they can’t afford to retire. The labor participation rate of the younger generations is being negatively impacted by the non-retirement of Boomers. This is called the trickle down effect from unintended consequences. The establishment has strip mined the wealth of the country,…
Source – downwithtyranny.blogspot.ca – “Compared to the national average, you are poorer then people of your age in the past. In real terms, your disposable income is about $3,389. LESS then in 1978”: The Sanders- and Trump-led (for now) political rebellion is not going to go away. There are only two questions going forward: Will…
Source – investmentwatchblog.com – Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3 million), that gives us a grand total of 102.5 million…
Source – oftwominds.com – If the four structural trends highlighted below don’t reverse, the middle class is heading for extinction. Everyone knows the middle class is fading fast. I’ve covered this issue in depth for years, for example: Honey, I Shrunk the Middle Class: Perhaps 1/3 of Households Qualify (December 28, 2015) and What Does…
Source – charleshughsmith.blogspot.ca – This erosion of a self-employed, independent middle class was an important pre-condition for the collapse of Rome and the French Revolution. I have devoted many blog posts to the erosion of the middle class, for the specific reason that when the middle class–the layers of the economy between the Power Elites…
Source – thesaker.is – The financial collapse of the United States grows more inevitable, and more obviously so. Thus far during the Obama tenure alone, the formal and declared American debt has doubled, sky-rocketing from 10 trillion to 20 trillion dollars. Estimates of total American debt however, and which include unfunded liabilities, are much higher…
Source – nytimes.com – For some decades now, a popular conservative narrative of modern America has gone something like this: Our center-right nation, devout and industrious, is ruled by a politically liberal elite that disdains family, despises religion and celebrates indolence with government handouts. Many people find this story convincing. It helped fracture the postwar…
Source – zerohedge.com – “How, you might ask, is it possible that the US can add 292,000 jobs while average hourly wages decline? Simple: the hiring was a veritable minimum wage deluge as well-paying jobs barely budged while temp help soared by 34,400″: Supposedly, the Fed’s decision to hike rates last month conveyed something about…
Source – sprottmoney.com – What have the governments of the corrupt Western bloc spent most of their time doing since the Crash of ’08? We can answer this question in three parts: 1) Creating increasingly falsified “statistics” to fabricate the illusion that their economies were not on the verge of all-out economic collapse; 2) Hacking…
Source – oftwominds.com – If it takes more than $126,000 to fund a qualitatively defined middle class lifestyle, what sense does it even make to call this “middle”?: The Pew Research Center’s recent report The American Middle Class Is Losing Ground: No longer the majority and falling behind financially made a media splash, as it…
Source – globalresearch.ca – You won’t believe who’s on this list. Once slavery was abolished in 1865, manufacturers scrambled to find other sources of cheap labor—and because the 13th amendment banned slavery (except as punishment for crimes), they didn’t have to look too far. Prisons and big businesses have now been exploiting this loophole in the…
Source – oftwominds.com – Even if nothing else doomed the status quo, the widening gap between household incomes and costs will push the corrupt contraption over the cliff by itself. The status quo (whatever you wish to call it) requires “growth” to sustain itself–growth in consumption, spending, sales, debt, asset valuations, profits and of course…
Source – robertreich.org – Anger and frustration felt by hard-working people who have seen their wages and job security steadily diminish is fueling a populist revolt against the political establishment: ‘When Americans think of how the economic rules are stacked against them, they naturally think of Wall Street.’ The standard explanation for why average working…
Source – stuartjeannebramhall.com – Welcome Aboard, Thanks to offshoring, the number of maintenance jobs at U.S. carriers has plummeted: US airlines have offshored aircraft maintenance to the Third World…what could possibly go wrong?. In the last decade, most of the big U.S. airlines have shifted major maintenance work to places like El Salvador, Mexico, and China,…
Source – wakeup-world.com – Secret TPP Text Unveiled: It’s worse than we thought, with limits on food safety and controversial investor-state system expanded, rollback of Bush-era medicine access and environmental terms. Long-awaited text reveals gaps between administration claims and actual TPP terms on key congressional and public concerns. Thursday’s long-awaited release of the text of the Trans-Pacific Partnership (TPP)…
Source – newdawnmagazine.com – Let me issue and control a nation’s money and I care not who writes the laws. – Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild Perhaps the single most important thing to know about power in the world today is that most nations do not have control over their…
Source – theinternationalforecaster.com – Good news, everybody! The markets are rebounding! Yes, we just a hit a minor bump in the road there, but don’t worry, everything is back to normal now. Let’s forget about the tail end of last week and this week’s Black Monday, shall we? Pay no mind to the uncomfortable lowlights…
Source – usuncut.com – Just a day after pharmacy workers from a Brooklyn Target store formed a union, the company announced plans to replace employees with robot workers in the near future. Last week it was reported that the pharmacists had submitted their initial “microunion” filing with the National Labor Relations Board after an initial…
Source – allgov.com -Businesses in America have enjoyed steady productivity over the last 40 years while workers have endured wage stagnation over the same period, according to a 2014 think tank study. The Economic Policy Institute (EPI) says net productivity grew 72.2% between 1973 and 2014. During that same period, hourly compensation of the vast…
Source – yesmagazine.org – The real reason you have so much debt has more to do with stagnant wages and predatory banks, than shopping sprees: – What if all the low-hanging fruit of outsourcing jobs and financialization have already been plucked by Corporate America? The connection between soaring corporate profits and stagnant wages is both…
Source – phoenixcapitalresearch.com – The Powers That Be know another Crisis is coming: Behind the veneer of “all is well” being promoted by both world Governments and the Mainstream Media, the political and financial elite have begun implementing moves to prepare for the next Crisis. One of the clearest is the decision to accept physical…
Source – mybudget360.com – It is hard to believe but we are now “officially” six years into this recovery. For most Americans, it doesn’t feel anything like a recovery and that label appears to be a misnomer. Americans need only look at their paychecks and the cost of living to realize that yes, things are…
Source – telegraph.co.uk – ‘There would have to be a very dramatic extension with grace periods of 30 years on the entire stock of European debt,’ the fund says The International Monetary Fund has set off a political earthquake in Europe, warning that Greece may need a total moratorium on debt payments for 30 years…
Source – zerohedge.com – The most confounding aspect of the economy, and the one metric that has flashed a red light on Janet Yellen’s “labor market dashboard” for years, is that wage growth has been completely non-existent, and roughly at half the Fed’s targeted level of 3.5-4.0%. What’s worse, and what the Fed may not…
Source – theglobeandmail.com – “..in 1949 Norbert Wiener, who gave us the word “cybernetics,” warned that computerization of the workplace would lead to “an industrial revolution of unmitigated cruelty” driven by technology with the capacity of “reducing the economic value of the routine factory employee to a point at which he is not worth hiring…
Source – .zerohedge.com – The day after violent protests left Baltimore burning in the wake of a funeral held for Freddie Gray who died after sustaining a spinal injury while being taken into policy custody, Americans are struggling to explain how the events that transpired on Monday evening are possible in modern day America. While…
Source – theguardian.com – Crisis? What crisis? The 1,000 wealthiest people in the UK are now worth £547bn, not counting what’s in their bank accounts, according to the latest Sunday Times Rich List – The collective wealth of Britain’s richest people has more than doubled in the last 10 years, according to the Sunday Times…
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