Source – commondreams.org – “…changes in bargaining power didn’t happen by accident. As corporations have gained power, they’ve been able to gut anti-monopoly laws, allowing them to grow even more dominant….The declining share of total U.S. income going to the bottom 90 percent over the last four decades correlates directly with the decline in unionization.…
Source – charleshughsmith.blogspot.com – “….Globalization has optimized profits at the expense of everything else: ecological sustainability, the security of food and energy sources, etc., while financialization has gutted the real economy in an extraction process that concentrates all the gains into the hands of the few at the top of the financialization/globalization pyramid: a winners-take-most economy that…
Source – economicprism.com – “…After stealing a rare coin collection from an elderly and disabled retiree, Shane Anthony Mele, dumped what their owner said was at least $33,000 worth of collectible coins down a Coin Star machine at a Florida supermarket and collected their face value, receiving about $30 – enough for a couple of…
Source – outofthecave.io – “…Dollar privilege is why almost half of US households can receive some form of subsidy from the government and still have flat screen TVs, refrigerators, stoves, mobile phones, internet and quite possibly, cars, while the bottom half of the global population lives on less than $2.50/day” “….You Want To Talk Privilege? Ok, Let’s…
Source – whowhatwhy.org – “…As a gateway to Latin America, Mexico seemed destined to be a US subsidiary, not a partner. So it was doubly ironic when the United States “sneezed,” as it were. The recklessness of the US banking system and insufficient oversight by its key regulator, the Federal Reserve, caused a US financial…
Source – consortiumnews.com – “…This idea of the plutonomy was actually leaked out in a Citigroup analyst note several years ago…It read: “The world is dividing into two blocs – the plutonomies, where economic growth is powered by and largely consumed by the wealthy few, and the rest. …”What are the common drivers of Plutonomy? Disruptive…
Source – ellenbrown.com – “… While the public was distracted with protests, riots and lockdowns, BlackRock suddenly emerged from the shadows to become the “fourth branch of government”…BlackRock also owns major interests in nearly every mega-bank and in major media…BlackRock is not actually working for us, although we the American people have now become its…
Source – silverdoctors.com – “…Alasdair Macleod returns to Liberty and Finance / Reluctant Preppers to alert us that his latest research indicates we have recently passed an inflection nexus of numerous critical indicators, signaling a probable systemic failure of the banking system within months, and a collapse of the USD this year” “The Day Everything…
Source – riggedgame.blog – “…You may think that such a crisis is unlikely, with memories of the 2008 crash still so fresh. But banks learned few lessons from that calamity, and new laws intended to keep them from taking on too much risk have failed to do so. As a result, we could be on…
Source – williamengdahl.com – “…The leaders of the premier globalization NGO, Davos World Economic Forum…frame the “reset” of the world economy in the context of the coronavirus and the ensuing collapse of the world industrial economy. The WEF website states, “There are many reasons to pursue a Great Reset, but the most urgent is COVID-19.”…
Source – shtfplan.com – “…Kiyosaki says…The elitists and politicians cannot control Bitcoin, and they are terrified of people realizing this. This is panicking all of the control systems of the globe (the governments.). They do not want you to figure this out…first, it’s important for you to understand why they need you to think you…
Source – oftwominds.com – “…This can be visualized as a row of dominoes. Once the first domino falls, every domino will be toppled…The dominoes falling trigger a reverse wealth effect…This is important because the wealth effect–the psychological state of euphoria created when one’s assets steadily rise in value– has been a core driver of consumption…
Source – maalamalama.com – “…Currently, the viral pandemic and the George Floyd protests have provided the perfect cover for the continued looting of the banking class from everyone else as all the measures that were implemented by Central Bankers to transfer near limitless amounts of money from the working class to the top bankers in…
Source – mises.org – “…Defenders of government-coerced “lockdowns” have insisted that fear of the virus would have destroyed the economy even without lockdowns, but there is no historical precedent for this claim, and no current evidence to support it. Although some survey data has been proffered to suggest that more than 60 percent of Americans…
Source – marketsanity.com – “…The narrative put forward by mainstream financial press regarding the financial crisis of 2007 – 2009 has generally labelled it as “the Lehman event”. What I’ve come to learn is that mainstream monikers seldom describe the true nature of the underlying. One only need ask if they really believe the “Patriot…
Source – charleshughsmith.blogspot.com – “…For those who weren’t alive to experience the 1980s, it was a boom era of widespread prosperity. In a functional economy, savings are understood as one of the foundations of prosperity. In today’s insanely dysfunctional neofeudal economy, savings are a despicable evil because they take the bread right out of the…
Source – economicprism.com – “…When the coronavirus panic attacked financial markets in March the central planners at the Fed made a grave error. Rather than employing small government and sound money solutions – that is, rather than letting over indebted corporate dinosaurs go extinct – the Fed flooded financial markets with liquidity. These bailouts saved…
Source – zerohedge.com – “…This is an unprecedented event,” said Susan Wachter, professor of real estate and finance at the Wharton School of the University of Pennsylvania in comments last month. She also points out another way the current crisis is different from the 2008 GFC: “The great financial crisis happened over a number of…
Source – michael-hudson.com – “…Economist Michael Hudson explains is not a “bailout” but a massive, $6 trillion giveaway to Wall Street, banks, large corporations, and stockholders. Max Blumenthal and Ben Norton discuss the enormous financial scam with Hudson, who reveals how the economy actually works, with the Federal Reserve printing money so rich elites don’t…
Source – riggedgame.blog – “…On August 14, for the first time since the onset of the financial crisis in 2007, the U.S. saw an inversion of the yield curve, with the 2-year Treasury note yielding more than the 10-year note. This is viewed by market watchers as a harbinger of an impending recession” Evidence Suggests…
Source – canadianpatriot.org – “…On the one side, figures allied to American President Franklin Delano Roosevelt’s vision for an anti-Imperial world order lined up behind FDR’s champion Harry Dexter White while those powerful forces committed to maintaining the structures of a bankers’ dictatorship (Britain was always primarily a banker’s empire) lined up behind the figure…
Source – truthdig.com – “…Race, gender, religion, abortion, immigration, gun control, culture and patriotism are issues used to divide the public, to turn neighbor against neighbor, to fuel virulent hatreds and antagonisms. The culture wars give the oligarchs, both Democrats and Republicans, the cover to continue the pillage. There are few substantial differences between the…
Source – oftwominds.com – “…The era of waste, greed, fraud and living on borrowed money is dying, and those who’ve known no other way of living are mourning its passing. Its passing was inevitable, for any society that squanders its resources is unsustainable. Any society that makes private greed the primary motivator and priority is…
Source – strategic-culture.org – “…The digital yuan will be effectively backed up by the massive amount of Made in China goods and services – and not by a transoceanic Empire of 800 Bases. And the value of the digital yuan will be decided by the market – as it happens with bitcoin. This whole process…
Source – charleshughsmith.blogspot.com – “….Once housing and real estate valuations fall, that will trigger a decline in the value of all other costly, narrowly owned assets, which will reinforce the reverse wealth effect. This is the systemic payback for concentrating ownership of assets in the hands of the few: when their bubble-era priced assets plummet…
Source – unz.com – “…The 1% has no intention of letting its wealth trickle down. Its intention is to take even more wealth from the 99%. Its intention is to suck up, not trickle down. Its lobbyists write the laws to make sure that the wealth is sucked up, not trickled down. And unless you…
Source – economicprism.com – “…Supply chain disruptions breed consumer good disruptions, which breed declining sales, which breed disappearing cash flow, which breed layoffs, which breed less Ford F-150 sales, which breed shrinking tax receipts, which breed unserviceable public and private debt, which breed mass bankruptcies, which breed game over” SM:…Go back to sleep, it’s all…
Source – geopoliticalfutures.com – “…Depressions are not economic events; they are the result of exogenous forces such as wars or disease…Depressions are not a necessary culling but a byproduct of the savage destruction of these external forces, which not only disrupt but destroy vast parts of humanity and decency, along with the economy. Therefore, the…
Source – silverdoctors.com – “…As Fed bond repos pump hundreds of billions in to prop up banks, hedge funds, and stocks…As bond auctions are bailed out, and government stats reflect unrecognizable distortions of the reality of people’s lives…Prudent and responsible individuals are left hanging out to dry, holding on for sanity and honesty to return”…
Source – economicprism.com – “…At first, as prices rise, economists at the government’s statistical bureaus will mistake it for an economic boom and recovery. By the time it’s clear that price inflation has taken hold, it will be too late to stop. That’s when Americans will come to understand zeros…as they show up at the…
