May 20 2011

The Federal Reserve’s elaborate financial charade on the American people – Big banks hold excess reserves that represent 10 percent of U.S. GDP. Federal Reserve has failed on largest goals for our economy.

The antics of our Federal Reserve rival those of the now disgraced IMF chief although they won’t grab as many gossip headlines.  The Federal Reserve has fashioned a system that has allowed economic bubbles to surface every very few years like high school reunions.  Bubbles are not normal.  These are financial disequilibrium events that occur […]

Apr 21 2011

Low wage capitalism – Newly added jobs are coming from lower paying sectors while productivity increases and profits filter to the top of the economic class. 3,500,000 high-wage jobs lost during recession and only 179,000 have been added so far.

One of the most troubling aspects of this “recovery” is how it is being achieved.  We keep hearing about the wonderful Wall Street recovery yet a large portion of this is being created by extracting productivity from workers and stifling wages.  Obviously if you scare the working and middle class and give them no job […]

Apr 19 2011

Casino economics and tax myths – media forgets that people pay sales, property, Social Security, and Medicare taxes. How the financial class robs from the American people legally.

As tax day passes us by, many in the public are realizing that the extremely wealthy especially in the financial industry know something they don’t.  What they are finding is that the financial industry has access to massive government bailouts and in many cases does not pay their fair share of taxes.  Like Atlas holding […]

Apr 6 2011

The new Gilded Age – The psychology behind the aspirational rich in America and how people allow banks to swindle their financial security away.

A couple of weeks ago a survey of the ultra-rich by Fidelity Investments showed that most of these millionaires did not feel rich unless they had $7.5 million.  Keep in mind that one out of three Americans do not have one penny to their name, not even stashed in the beat up mattress.  It is […]

Mar 6 2011

Financial dismantling of the American middle class in 8 charts – Peak debt, credit card addiction withdrawal, banks hoarding cash, financial sector dominance in pay, Federal debt will never be paid off, and struggles of the middle class.

The American economy runs on high octane debt.  Debt has been welcomed by many with open arms and things seemed to be going well until people realized they actually had to pay the debt back.  Average Americans trying to keep up with the picket white fence image of Leave it to Beaver were largely relying […]

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