America’s Richest 1% Owned 5% in 1990, Own 36% Today
Once they own everything, everybody else would be either working for them or in debt to them. The poor 99% would no longer be able to…
Continue readingWage Growth
Rich Millennials Plot the End of Civilization
We can only thank goodness the parents of these young people believed in serving customers and saving their wealth. This wealth was…
Continue readingOur Phantom Middle Class
What happens when America finally admits its middle class is a phantom of feel-good fantasy? We may well find out in the next four years…
Continue readingGOLD: Wrong Measurement, Wrong Macro Call
Everyone knows the music will stop playing at some point, and only those who have a chair will be safe…
Continue readingHow Governments Rigged the Game against Workers
Underneath the vapid squawking of woke Twitter parrots, there exists a real issue: the incentive structure is being manipulated to hide…
Continue readingBracing For A Painful 2021: 38% Of Americans Say They Will Spend The Year In ‘Survival Mode’
Without paychecks, millions of unemployed Americans are unable to pay the bills, and we are being warned that we could be facing a historic…
Continue readingGoodbye Middle Class: Half Of All American Workers Made Less Than $34,248.45 Last Year
Once upon a time, a single income could easily support a middle class household in most cases, but those days are long gone. The cost of living has…
Continue readingHas Our Luck Finally Run Out?
We are woefully unprepared for a long run of bad luck…
Continue readingThe Bill for America’s $50 Trillion Gluttony of Inequality Is Overdue
The battle to claw back a significant percentage of the $50 trillion is just beginning…
Continue readingAmerica In 2020: Sacrifice For Thee But None For Me
The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won’t be much…
Continue readingIsn’t It Obvious We Need a New System?
Why do we tolerate such a corrupt, undemocratic, exploitive, elite-dominated system? Because we have no other choice? No, we do have a choice…
Continue readingThis Is How It Ends: All That Is Solid Melts Into Air
While the Fed and the Billionaire Class push the stock market to new highs to promote a false facade of prosperity, everyday life will fall apart…
Continue readingAusterity Bad, Inflation Good: Inflation Is Stealth Austerity
Rather than decry austerity, which demands an open political discussion of trade-offs, we should decry inflation’s stealthy reduction of purchasing power….
Continue reading2020 Will Be a Record-Breaking Year for Debt. How Long Can This Last?
Most Americans don’t seem particularly concerned about this…
Continue readingThe US Economy And The Global Economy Are Mortally Wounded
A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially…
Continue readingA Deeper Dive Into US Household Wealth Distribution & The Wealth Gap
Between now and November politicians and political operatives of all kinds will be arguing over this issue, as well as how to “fix” it…
Continue readingTikTok and our Last-Ditch Desperation for Social Mobility
Social media offers hope of achieving higher social status, something that is increasingly out of reach in our winner-take-most economy…
Continue readingWhy Does It Feel Like We’re in “Life During Wartime”?
The laughably hopeless hope is that by propping up the corpses, the populace will discern some faint flicker of life and return to their free-spending ways…
Continue readingWhat Makes You Think the Stock Market Will Even Exist in 2024?
Given the extremes of the stock market’s frauds and even greater extremes of wealth/income inequality it has created, tell me again why the…
Continue readingWhat Lies Ahead: Destabilizing Social Stratification
The bill for extreme wealth/income inequality is now overdue, and the penalties for ignoring the bill will be as extreme as the inequality…
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