Dec 13 2013

A Gilded Age built on debt for modern day financial aristocrats: Fed reports record for household net worth only problem is that most people do not own financial assets.

The Fed recently reported that US households reached an all-time record high when it comes to their net worth.  A record $77.3 trillion net worth figure was reported with $7.65 trillion of this growth occurring over the last 12 months.  The only issue here is that most Americans do not own any financial assets.  The […]

Dec 3 2013

Top 10 percent of US households control nearly 75 percent of all wealth – Average Americans pretend to be temporarily embarrassed millionaires by going further into debt.

We currently exist in a land of financial contradictions.  US household incomes adjusting for inflation are back to levels last seen in the late 1980s.  However, holiday spending is going strongly largely by people going into big debt.  Many are going to be paying for the holiday season of 2013 deep into years to come.  […]

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 […]

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