Nov 7 2011

The economic treadmill is throwing millions out of the middle class and into poverty. In 2010 75 percent of unemployed received unemployment benefits while today it is down to 48 percent. From unemployment to food stamps.

The economy is being pulled apart from the center as if two mighty horses on both sides were set to run in opposite directions of the financially strapped middle class.  This seems to be the current trajectory of our economic progress.  The ranks of the poor continue to grow while the financial sector continues to […]

Oct 27 2011

The walking debt – U.S. public debt now surpasses $15 trillion. The financial sector has wreaked disaster in the American economy. Wall Street banks cause havoc in housing and student loans.

It can be argued that the world is suffering from an epidemic of chronic debt.  The financial sector loves to play on words and would rather call certain debt issues as a credit crisis as if it were a temporary thing like a mid-life crisis.  This is also similar to renaming junk bonds to something […]

Oct 6 2011

How investment banks turned housing and student loans into a toxic and financial disaster – Middle class largest asset coopted by banking sector to raid and speculate on. Financial sector nearly 30 percent of all corporate profits in U.S. In the 1950s it was under 10 percent.

Most Americans pull their net worth from their investment in good old housing.  It is the biggest purchase most will ever make.  And because of this, after the Great Depression, housing was a boring yet stable investment class.  It had to be.  This is the cornerstone of wealth for most Americans.  Banks used to do […]

Sep 29 2011

The punishment of the American saver – JP Morgan Chase CEO makes 843 times the median household income and pays his Chase customers 0.01 percent on their savings.

The current financial system is designed to punish old school savers.  By definition in our debt based economy those who save are actually taking fuel out of the consumption based economy.  Spendthrifts are the high octane that keeps things spinning even if it comes with a high debt price tag.  You see this occurring in […]

Sep 26 2011

The Big Change: Massive financial volatility and the occupation of Wall Street – when the middle class breaks protests will hit the financial streets. Poverty in the suburbs and rising food costs.

When the basic costs of living move up there is bound to be shocks deep in the economy.  As we mull over the humbling Census data, it is clear that many Americans are struggling in this modern day economy that protects the banks at the cost of the majority.  Let us call a spade a […]

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