Posted by Soren Dreier Author: James Petras America has the greatest inequalities, highest mortality rate, most regressive taxes, and largest public subsidies for bankers and billionaires of any developed capitalist country. In this essay we will discuss the socio-economic roots of inequalities and the relation between the concentration of wealth and the downward mobility of the working and salaried classes. How the Billionaires become Billionaires One of the most likely sources of billionaire wealth is through tax evasion in all of its guises and forms. Contrary to the propaganda pushed by the business press, between 67% and 72% percent of corporations had … Continue reading HOW BILLIONAIRES BECOME BILLIONAIRES
by Justin Deschamps, Contributor Waking Times Rumors and claims regarding NESARA, GESARA, and various other “prosperity programs” have been circulating the internet for decades. After research, there appears to be some truth to NESARA, which is the notion that a set of hidden accounts are being held in trust for some future age of economic prosperity, originally incorporated by the infamous Saint Germain. According to the story, when NESARA goes live, disbursements from these trust accounts will take place. However, what the idea or belief in NESARA also tends to do is stymy efforts by awakening populations to restore social trust in … Continue reading WHERE DOES WEALTH REALLY COME FROM?
By Michael Snyder The push toward a cashless society is becoming more of a shove. Before today I had never heard of “The Visa Cashless Challenge”, but after reading about it I have to say that I am quite alarmed. Visa is trying to “encourage” businesses to go cashless, and one of the ways that they will be doing this is by “awarding up to $500,000 to 50 eligible US-based small business food service owners who commit to joining the 100% cashless quest”. The food industry is still one of the last bastions where cash is used very heavily, and so it … Continue reading Cashless Society Alert: Visa Will Be Giving Up To $500,000 To Restaurants That Go ‘100% Cashless’
by John McDermott Gemma and Robert Hartley had been living frugally for five years when he broke down and decided he couldn’t do it anymore. They’d reduced their overall debt, which include a mortgage, credit card debt and medical bills, from $130,000 to $105,000. And supposing their incomes continued to increase, their penny-pinching plan would leave them debt-free within another five years, with even their house paid off in full. But Robert had reached his limit. He was tired of living with their three children in a three-bedroom house in a rundown neighborhood in Reno. He wanted something bigger and … Continue reading Saving Money Was Too Stressful, So I Gave It Up to Live a Normal Life
by Quinn Myers Life as we know it in 21st-century America is dictated by your credit score. Those mysterious three digits — decided in secret, and as vulnerable to simple accounting mistakes as to willful misdeeds — are the biggest factor in whether the bank decides to give you that life-saving loan; whether the dealership will sell you that car; whether the store will give you that credit to tide you over till payday. All of that can seem arbitrary, unfair and mysterious. Of course, we can’t help with the first two — the arbitrary and unfair nature of it all — but we can help clear up the … Continue reading How Your Credit Rating Came to Define Your Life—And Your Ability to Buy Almost Anything
by Christina Sarich, Guest Waking Times The age of parasitic capitalism still hasn’t sputtered to its final death. Among the larger players is Goldman Sachs, the very same megabank that the oligarchs use to fund terrorism – like the latest foray into Syria. Goldman Sachs is known for money laundering, billion-dollar-lobbying for the ease of punishment for corporations who launder said money, drug pushing, defrauding investors, war profiteering, and now, outright lying in order to keep their grimy claws on as much government-baptized cash as possible. Annual bonuses to the Goldman Sachs’ elite were recently topped off at $23 billion, but that … Continue reading Goldman Sachs Claims Propping Up ‘The Economy is Great!’, Funds Syrian War
image edited by Eeb Investigator by Tyler Durden Via MN Gordon of EconomicPrism.com, “We have assembled a best-in-class team of policy advisors to drive President Trump’s bold plan for job creation and economic growth.” Gary Cohn, Chief Economic Advisor to President Trump Promises of Slop The art and science of spending other people’s money is not an occupation suited to just anyone. Rather, it’s a skill reserved for the professional world-improver. To be successful, one must act with a zealous devotion to uplifting the down and out, no matter the cost. Lawyers, bankers, economists, and government philosophers with fancy resumes, … Continue reading From Icarus To Humpty Dumpty – The Art & Science Of Spending Other People’s Money