Source – truthdig.com – “…If you really want to grasp what’s been happening, consider that, between 2009 and 2017, the number of billionaires whose combined wealth was greater than that of the world’s poorest 50% fell from 380 to just eight” The World Is Now the Property of the 1 Percent – By Nomi Prins As we head…
Source – oftwominds.com – “…Our crisis isn’t just political—it’s structural…the organizations that dominate our economy—centralized corporations and government—become destined to fail. We see this failure in both the soaring inequality that has hollowed out the American Dream as well as in the rising tide of social and political disunity” Neofeudalism Isn’t a Flaw of the…
Source – riggedgame.blog – “…At the demise of empire, City of London financial interests created a web of offshore secrecy jurisdictions that captured wealth from across the globe and hid it behind obscure financial structures in a web of offshore islands. Today…Britain and its offshore jurisdictions are the largest global players in the world of…
Source – scientificamerican.com – “…When those who run gambling casinos or bankers suffering from moral turpitude make a zillion times more than the scientists and inventors who brought us lasers, transistors and an understanding of DNA, it is clear that something is wrong” The American Economy Is Rigged (…And what we can do about it)…
Source -.oftwominds.com – …“First and foremost, the aristocratic financial and political elites secured their position at the expense of social mobility by erecting barriers that protect them from competition and accountability. In effect, they eliminated the risk posed by change by rigging the system to their benefit” The Dynamics of Decadence – By Charles Hugh…
Source – hendersonlefthook.wordpress.com – “…Populism prevailed and Jackson was re-elected. In 1835 he was the target of the first assassination attempt on a US President. The gunman was Richard Lawrence, who confessed that he was, “in touch with the powers in Europe”. [839] Still, in 1836 Jackson refused to renew the BUS charter. Under his…
Source – oftwominds.com – “…“Money” is only useful if it is a means to acquire real wealth, which is the agency, opportunity and time to pursue your life’s work. There are many people who can spend $600,000 a year on various things (i.e. their “lifestyle”) who don’t feel “wealthy”–and if they don’t have agency and time…
Source – theorganiceconomy.ca – “…The present usury or interest based financial system is based upon infinite growth which means infinite inflation. This as we know means the cost of everything keeps rising due to that inflation. We wonder today how our children will ever be able to afford their own house and that is because…
Source – unz.com – “…The result of today’s alliance of the Finance, Insurance and Real Estate (FIRE) sector with natural resource and infrastructure monopolies has been to reverse that the 20th century’s reforms promoting progressive taxation of wealth and income. Industrial capitalism in the West has been detoured along the road to rent-extracting privatization, austerity…
Source – lrb.co.uk – “…Solved. For many decades. That was the climate of intellectual overconfidence in which the crisis began. It’s been said that the four most expensive words in the world are: ‘This time it’s different.’ After the Fall – By John Lanchester It’s a decade and a bit since the global financial crisis…
Source – oftwominds.com – “…How’s the economy doing? It depends on which class you’re in. The Protected Class is doing just fine, the class with access to cheap credit and participation in asset bubbles has never had it so good, while the Unprotected Class faces a bleak future of lower real wages, rising costs of…
Source – seekingalpha.com – “…The surplus dollars no longer being recycled into Treasuries is akin to a cessation of the North Atlantic current…without the flow, the organic system has broken down” The Metamorphasis Of America Into A Quasi Centrally Controlled Economy – By Chris Hamilton I’ll make the case that there are no longer any organic net buyers of US Treasury debt……
Source – yesmagazine.org – “…The U.S. is better at subsidizing wealthy people than low-income people” Why Normal People Can’t Afford a House- By Tracy Matsue Loeffelholz & Chris Winters http://www.yesmagazine.org/issues/affordable-housing/infographic-why-normal-people-cant-afford-a-house-20180604
Source – bibliotecapleyades.net – “…The Federal Reserve Cartel is a brief well-documented history of the Eight Families who control the world’s private central banks and most of the planet’s resources” The Federal Reserve Cartel – By Dean Henderson Part 1 – The Eight Families The Four Horsemen of Banking, Bank of America JP Morgan Chase Citigroup…
Source – thesaker.is – “…The news is that cryptos are cash. Crypto currency wallets can now seamlessly exchange any cryptocurrency into any other one with the push of a button or turn a crypto currency back into a fiat currency via an exchange. These wallets can be used to trade on crypto currency markets; to…
Source – oftwominds.com – “…The Neoliberal Agenda trumpets “free trade” because “free trade” is a cover for “free capital flows.” Once capital is free to flow from central-bank fueled global corporations, no domestic bidder can outbid foreign mobile capital, as those closest to the central bank credit spigots can borrow essentially unlimited sums at near-zero…
Source – thesaker.is – “…The post-Soviet collapse in the 1990s was not a failure of Marxism, but of the anti-socialist ideology that is plunging Western economies under domination by the Finance, Insurance and Real Estate (FIRE) sector’s symbiosis of the three forms of rent extraction: land and natural resource rent, monopoly rent, and interest (financial…
Source –theamericanconservative.com – “…As befits these engines of global capitalism, these cities and their inhabitants are pulling away with growing momentum from their native countries and cultures. Untethered from their localities, they are being transformed into an archipelago of analogous islands….this process represents a divide between the cosmopolitans and the provincials…The wealth, dynamism, and consequent…
Source – dailyreckoning.com – “…In 1933 President Franklin Roosevelt ordered an increase in the gold price from $20.67 per ounce to $35.00 per ounce, nearly a 75% rise in the dollar price of gold…He did this to break the deflation of the Great Depression, and it worked. The economy grew strongly from 1934-36″: The Golden…
Source – zerohedge.com – “..Venezuela’s decision comes at a time when other countries (namely Russia and China) are already finding ways to avoid using the U.S. dollar…History shows us that currency domination does not last forever. Are we seeing the cracks in the latest global currency reserve system?”: Oil Rich Venezuela Stops Accepting Dollars President Maduro…
Source – rt.com – “…But the holy of the holies – and it’s never enough to stress it – is what I call the Triple Win triad of the future: oil-yuan-gold. This is one of the prime outcomes of a strategy the BRICS have been discussing, behind closed doors, at their summits since the previous…
Source – silverdoctors.com – “…Since 1973, OPEC oil has been quoted and traded using to U.S. dollars, otherwise known as “petrodollars.” The “recycling” of petrodollars into U.S. Treasuries has been the life-blood of the U.S. economic and political system. In addition to reducing a major source of funding for the the U.S. Government’s enormous deficit…
Source -stuartjeannebramhall.com – “…The researchers also assumed basic income would solve a demand problem in the economy — i.e., a lack of people spending their money to buy things. “Fundamentally, the larger the size of the UBI, the larger the increase in aggregate demand and thus the larger the resulting economy is,” they wrote”: Basic…
Source – gizadeathstar.com – “…The speculation has occasionally been aired that China could, if it chose, suddenly dump all those dollars and securities…Such actions would achieve the nightmare scenario many have talked about over the years, but do so in a way to China’s economic and geopolitical advantage, rendering countries that have been sucked dry…
Source – yesmagazine.org – “…We can refuse to accept the pervasive, but false, claims that money is wealth and a growing GDP improves the lives of all”: (How to Break the Power of Money – By David Korten) Our current political chaos has a simple explanation. The economic system is driving environmental collapse, economic desperation,…
Source – wakingtimes.com – “…“The Vatican comprises two separate administrations, the City-State and the Holy See. The Vatican City-State, a 108.7-acre enclave within the city of Rome — the last remnant of the once powerful Papal States — is thriving financially. Its government provides municipal services for the world’s smallest sovereign nation. The City-State also…
Source – yesmagazine.org – “…Both of these entail a fundamental change in the way money is created. Positive money refers to money created directly without debt by the government, which can be given directly to debtors for debt repayment or used to purchase debts from creditors and then cancel them. Negative-interest currency (which I describe…
Source – theantimedia.org – “…Since cryptocurrencies allow people to keep all of their money, this is a big problem for the lawmakers. Soon, people may even start to realize they can buy, sell, and trade freely without any government intervention. The horror”: The Feds Are Terrified Of Cryptocurrencies… But They’re Powerless To Stop Them The federal government…
Source – charleshughsmith.blogspot.ca – “…When the Empire of Finance collapses under the weight of its debt, perverse incentives, exploitation and inequality, the financial system of every nation-state within the Empire of Finance will collapse, too. Being the hegemon within the collapsing system won’t protect the hegemon from collapse. Every nation-state that has submitted to the Empire…
Source – globalresearch.ca – “…The US needs to also restructure its economy to one that is based on production. It can no longer continue to run a debt-serviced economy that imports all goods it doesn’t produce. It’s unsustainable, and the continuous mistake of many. The wealth of the world is shifting eastwards”: Petrodollar Faces Growing…
Source – norberthaering.de – “… The tempting attempts to impose de-cashing by a decree should be avoided, given the popular personal attachment to cash. A targeted outreach program is needed to alleviate suspicions related to de-cashing; in particular, that by de-cashing the authorities are trying to control all aspects of peoples’ lives, including their use…
Source – ellenbrown.com – “…A government oppressed by “sovereign” debt is not really sovereign. A sovereign government has the power to issue money and need not go into debt at all. But EU member governments have lost that sovereign power. They are unable to issue their own money or borrow money issued by their own…
Source – stuartjeannebramhall.com – “…The email identifies French President Nicholas Sarkozy as leading the attack on Libya with five specific purposes in mind: to obtain Libyan oil, ensure French influence in the region, increase Sarkozy’s reputation domestically, assert French military power, and to prevent Gaddafi’s influence in what is considered “Francophone Africa”: Hillary Emails Reveal…
Source – corbettreport.com – ‘…The theory that the bankers were behind the JFK assassination. The theory holds that JFK was trying to end the Fed by creating debt-free, silver-backed money through Executive Order 11110…this theory is not just wrong, it is the complete opposite of reality”: G. Edward Griffin Debunks the JFK/Fed Myth If you follow…
Source – nakedcapitalism.com – ‘…We have empirically observed that wage increases not only do not increase unemployment, but they also serve as a catalyst for economic growth and towards social equity. The US economy has plenty of needs that can be fulfilled by giving well-paying jobs to its unemployed. The $15/hour wage is not only…
