Federal Reserve continues shadow bailout of banking industry – $947 billion of overpaid and low demand mortgage backed securities sit on the massive $2.8 trillion Fed balance sheet. The price of this hidden bailout will hit all Americans.
The Federal Reserve continues a secretive bailout of the banking system by purchasing more and more questionable mortgage backed securities. You would think that $1 trillion would catch the attention of the media but they seemed focus on other trivial items. The Fed balance sheet is still at record levels above $2.8 trillion to be […]
The university of financialization – science and math graduates opt to go into the gambling fields of Wall Street banking instead of building productive jobs for society. Many non-tech majors choose lower paying fields while going into massive debt. Youth summer employment drops from 60 to 46 percent in last decade.
Going to college has always been a dream for many Americans. Parents have high hopes for their children going to a good school and coming out with a degree that has made them more well rounded as citizens. But this desire may not be coinciding with the marketing jargon that spews out from the industry. […]
The great deleveraging event – household debt has fallen 4 percent since recession hit. Household debt has fallen dramatically from the peak when household debt aligned itself with annual GDP.
The debt bubble bursting has jammed the bottom line of American households. Debt and money are synonymous for many households in our current economy. The ability to spend, or buying capacity, is looked at in the same light as savings from many in the financial sector. This is why data recently released shows the balance […]
EBT Nation – Electronic Benefit Transfer. Since the recession ended in summer of 2009 we have added 14,000,000+ Americans to food stamp programs. Family Dollar Stores up 23 percent in 2011 while overall stock market flat.
They say a nation is not measured on how it treats its wealthiest, but on how it treats those that are struggling. From this base the mission of the United States is becoming muddied by the large scale financial speculation that has fractured the core of our economic system. Everywhere you look you are starting […]