Silver as an investment

Category Archives: social inequality

“Wealth Effect” = Widening Wealth Inequality

Authored by Charles Hugh Smith via OfTwoMinds blog, Note that widening wealth and income inequality is a non-partisan trend. One of the core goals of the Federal Reserve's monetary policies of the past 9 years is to generate the "wealth effect": by pushing the valuations of stocks and bonds higher, American households will feel wealthier, […]

How The American Dream Turned Into Greed & Inequality

Authored by Alberto Gallo via WEForum.org, The American Dream is broken. Paul Ryan, speaker of the House of Representatives, recently stated that "in our country, the condition of your birth does not determine the outcome of your life." Yet the idea that every American has an equal opportunity to move up in life is false. […]

The ‘Koyaanisqatsi’ Economy

Authored by Raul Ilargi Meijer via The Automatic Earth blog, The film Koyaanisqatsi was released in 1982. The title means ‘life out of balance’ in the language of the Hopi, a Native American tribe who live(d) mainly in what is now north-east Arizona. It is directed by Godfrey Reggio with music by Philip Glass and […]

Are We Fiddling While Rome Burns?

Authored by Charles Hugh Smith via OfTwoMinds blog, Solutions abound, but they require the retirement of obsolete systems that defend entrenched interests and soul-crushing inequalities. It turns out Nero wasn't fiddling as Rome burned–he was 60 km away at the time. Did Nero Really Fiddle While Rome Burned? The story has become short-hand for making […]

Illinois Had The Worst Personal Income Growth In The U.S. Over The Past Decade

Submitted by Austin Berg, of IllinoisPolicy.org Illinois’ jobs growth was worse than every neighboring state, and half the neighboring state average from June 2016 to June 2017, according to a new report. Data released July 27 by the Illinois Department of Employment Security, or IDES, reveals Illinois’ jobs growth from June 2016 to June 2017 […]

California Expands Civil Servant Travel Ban To 8 States

As 'The Left' rages about President Trump's so-called "travel ban" from 'mostly-Muslim' nations for its dreadful discrimination, the liberal-ist of liberal states has decided that California civil servants should be banned from traveling to eight US states because "we will not spend taxpayer dollars in states that discriminate." Having unilaterally trotted over to sign a […]

Richest Americans Will Control 70% Of Country’s Wealth By 2021, BCG Says

Being rich is great. But being rich in America? That’s even better. With US stock benchmarks trading just below record highs, and Treasury yields not too far from the all-time lows reached last summer, the gulf between the world’s wealthy elite – those 18 million households worldwide with more than $1 million in assets – […]

The Pin To Pop This Mother Of All Bubbles?

Authored by Chris Martenson via PeakProsperity.com, Global macro economic data has been weak for many years, but there’s now a very real chance of a world-wide recession happening in 2017. Why? A dramatic and worsening shortfall in new credit creation.  The world’s major central banks have, again, done the world an enormous disservice.  Instead of […]

“It’s Not Just Wages” – Workers Without College Degrees Face “More Instability”

If you believe San Francisco Fed President John Williams, the US labor market has almost never been ore robust than it is today. Of course, middle- and working-class Americans who are struggling with levels of financial uncertainty that would be unfamiliar to their parents’ generation don’t necessarily care that the official unemployment rate is 4.4%. […]

“The Western Status Quo Political System Is Collapsing Into ‘Something Else'”

Authored by Ben Hunt via EpsilonTheory.com, Michael Corleone:  I saw a strange thing today. Some rebels were being arrested. One of them pulled the pin on a grenade. He took himself and the captain of the command with him. Now, soldiers are paid to fight; the rebels aren’t.     Hyman Roth:   What does that […]