Pandemic Pandemonium: The Tides of Globalization and Financialization Reverse
Central bank free money doesn’t create collateral or creditworthy borrowers, and without those foundations, the decayed, rotted shack will collapse…
Continue readingWage Growth
The New (Forced) Frugality
There are only two ways to survive a decline in income and net worth: slash expenses or default on debt…
Continue readingThe Pandemic Is Accelerating the Breakdown That Began a Decade Ago
The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion…
Continue readingNot Even Paycheck To Paycheck: 1 In 3 American Workers Runs Out Of Money Before Payday
People can’t make ends meet in the “greatest economy ever”? Something is amiss here…
Continue readingECONOMIC WOES: 1 In 4 Renters Spending Over Half Their Income On Housing
Rents are becoming unaffordable for many Americans, even those in the middle class…
Continue readingThe Coming Decade Will Be Bad For Just About Everyone, Except Goldbugs
The coming decade will be especially grim for the super-rich, whose wealth creation will implode. Here’s why…
Continue readingWho Can Now Realistically Say America Has Not Become A Mega-Corporate Dictatorship?
When a nation’s billionaires control not only its mega-corporations but its government, that small connected group constitutes a national dictatorship…
Continue readingGold & Silver Drop Then Pop After Expectation Smashing January, 2020 Jobs Report
The 225,000 jobs created in January smashed all expectations!
Continue readingGold & Silver Slammed The Moment The Absolutely Spectacular November Jobs Report Hit The Tape
266,000 jobs were created in November, smashing expectations, and wage growth is red hot! Here are the details…
Continue readingCharles Hugh Smith: The Hollowing Out Of America
Here is hollowed-out America, an economy of ever-greater financial wealth piling up in the hands of the few while tens of millions of wage-earners…
Continue readingTrader: Cut Through Gold & Silver’s Noisy Price Action, Focus On Major Support & Resistance
“The entire $1400-$1350 area can be viewed as a giant support zone…”
Continue readingIt Feels Like Economic Depression For Millions Of Americans In Middle Of Country Right Now
The talk of a “coming recession” is absolutely ludicrous because it already feels like a severe economic depression is happening right now…
Continue readingCalifornia Has The Nation’s Worst Poverty Rate (Again)
Leaving California’s the best chance to increase one’s real income and have a life that doesn’t involve working long hours to afford a fixer-upper?
Continue readingGovernment Meddling Is The Reason You’re “Underpaid”
People frequently allege that, under capitalism, people aren’t paid what they are worth to employers…
Continue readingGold & Silver Fall After Weak Jobs Report, More Pressure Could Be Coming On Metals Today
The September jobs report was just released, and not only are gold & silver falling, but the fall could continue. Here’s why…
Continue readingWhy The Government Can’t Measure Income, Happiness, Or Well-Being
The government’s become preoccupied with things that can be measured — such as jobs and wages — while neglecting the more hidden…
Continue readingWhy Is The “Cost of Living” In Cities So High?
The higher “cost of living” was akin to people in San Francisco using a different currency, but is that the correct way to look at it?
Continue readingAmerica’s Poverty Trap: How A Small Financial Setback Can Spiral Into An Inescapable Disaster
The problem with American poverty is that the system is designed to keep you poor. Maybe it’s just because poor people are easier to control…
Continue readingWhy Is What Was Once Affordable to Many Now Only Affordable To The Wealthy?
With these skills accessible only to the wealthy, no wonder only the wealthy have gained purchasing power…
Continue readingConsumers Will Decide If Women’s Sports Teams Get “Equal Pay”
If the fans want the women to be paid more than the men, the consumers will have to spend more…
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