Sep 25 2013

Debt serfdom via student loans: A new class of indentured servants now carry the $1.1 trillion student loan bubble and cracks are already plaguing the system.

$1.1 trillion.  That is the amount of student debt being carried on the backs of millions of Americans.  Student debt has become a rite of passage for many young Americans.  In fact, many Americans establish their first credit line with student debt as they enter college.  The crisis is large and has a direct connection […]

Sep 22 2013

How the stock market is a sham for the working and middle class. 53 percent of Americans have no money in the stock market, including retirement accounts. 62 percent of all US wealth owned by top 5 percent.

The growing wealth divide in this country is devouring every piece of the middle class that is currently left.  The stock market is largely a sham for most Americans.  Why?  Many hedge funds and other large Wall Street firms are in the business of making quick profits even if it means destabilizing the underlying economy.  […]

Sep 12 2013

Modern day financial repression and disinformation: Financialization of America creates incentives for massive income inequality.

America in the last couple of decades has undergone a massive reformation when it comes to the financial system.  The ability to convert everything and anything into a tradable security has been the biggest goal of Wall Street and has captured our entire economy like a starving grizzly bear chowing down on Alaskan salmon.  Even […]

Aug 12 2013

Suppressing wages and increasing corporate profits: The tough math behind the current economic recovery.

It should come as no surprise that the stock market is a very poor barometer on the financial health of Americans.  We think of the stock market as a temperature gauge on how well Americans are doing.  If that is the case, the record breaking highs in the stock market should reflect a very happy […]

Jul 30 2013

The American dream myth: Income mobility; 4 out of 5 Americans struggle with poverty, joblessness, or go on welfare at some point during their lives; and bottom 80 percent of Americans control 7 percent of total wealth.

There is an odd sort of Greek-like mythology that the American dream is only getting stronger when various pieces of economic data clearly show that this is not the case.  The middle class has noticeably shrunk over the past few decades.  Income inequality is at levels last seen during the wildly opulent Gilded Age.  We […]

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