image edited by F. Kaskais by IWB by axolotl_peyotl The wheelings and dealings of the global financial institutions are finally catching up with the perpetrators of this financial depravity. These “banks” (aka money laundering operations) have created quadrillions in so-called “derivatives” to prop up a profoundly sick and fraudulent system. via gizadeathstar: “A derivatives book of $49 trillion notional puts Deutsche Bank in the same league as the bank holding companies of U.S. juggernauts JPMorgan Chase, Citigroup and Goldman Sachs, which logged in at $48 trillion, $47 trillion and $42 trillion, respectively, at the end of December 2018 according to the Office … Continue reading Deutschebank, Derivatives, and Dominos: The global financial system simply cannot afford for Deutsche Bank to fail, and right now it is literally melting down right in front of our eyes.
Image by Jamie Grill Atlas / Stocksy By Jenni Gritters Can someone figure out your personality type just by looking at your billing statement? It turns out, the answer to that question is a resounding yes. In a new study published in Psychological Science, researchers analyzed over 2 million spending records from more than 2,000 people to try to figure out if people of certain personality types spend money on certain things. The social scientists spent weeks going through the money records and also gave each participant a personality quiz. After that work, they discovered something new: Everyone spends money on material goods, like food … Continue reading What Your Spending Habits Say About Your Personality Type
“It’s not just how much you have—it’s what you do with it,” says one researcher who studies money and happiness. by JOE PINSKER These days, not even the rich feel rich. According to a recent survey by the financial-advisory firm Ameriprise Financial, only 13 percent of American millionaires classify themselves as wealthy. Even some of those surveyed who had more than $5 million across their bank accounts, investments, and retirement accounts said they didn’t feel rich. If multimillionaires don’t feel wealthy, who does? I decided to go to Elizabeth Dunn, a psychology professor at the University of British Columbia and a co-author … Continue reading Who Actually Feels Satisfied About Money?
by Dylan Charles, Editor Waking Times Look around in this fancy land called the U.S. and you’ll get the impression that people are just rolling in dough. They got fabulous new cars, expensive houses loaded up with imported goods, the latest smart phones, designer wardrobes, and they’re never about to turn down a good time. But it’s all an illusion. It’s fake. In reality, 80% of Americans are in debt and living paycheck to paycheck. Which means most of us are broke, and almost nobody owns anything at all. All that great stuff you see all around isn’t true prosperity, it’s owned by banks and … Continue reading EVERYONE IS BROKE BUT YOU DON’T HAVE TO BE A DEBT SLAVE ANY LONGER
Capitalism in space. BY POPE BROCK – ILLUSTRATIONS BY VEDANTI SIKKAJULY Iwas slung in my favorite deck chair, drink in hand, having a gawk at the night sky. Andromeda, Pisces … I trawled the constellations, mind abandoned, still aware in some curve at the back of my brain that the world is coming apart at the seams and we’re all fucked, and enjoying the gentle paradox of it, the clink of the ice in my glass and the slumber of the dog. By and by I found my gaze resting on the moon. There it was, the great provider: breeder … Continue reading The Moon Is Full of Money
Big data is here to save your dinner. Lionel Page & Romain Gauriot Where to eat? It’s a question you’ve probably pondered when visiting somewhere unfamiliar. Though it’s fun to explore a strange suburb, town or city, when you’re hungry you’d rather minimise the chance of paying exorbitant prices for an unpleasant experience. Can economics help? We’ve combined economic theory with data from online restaurant ratings to identify a few simple strategies that will help you find a decent restaurant in unfamiliar places. The key? Location is almost everything – but in the opposite sense to what a real estate … Continue reading How to find a good restaurant? Economists can help
by Adam Elder A comprehensive cost breakdown of that extra mouth to feed — and clothe, and entertain, and educate, and… If you’re single and know how much your salary is, you have a good idea of how much you’re worth. And if you’re thinking of having a kid, or have one on the way, you’re probably wondering — or stressing about — how much they’ll cost. Wanna know how much? Let’s break it down before the inevitable, well, breakdown. DO I… DO I WANNA KNOW THE TOTAL AMOUNT? Probably not! At least, not without context. So let’s start at … Continue reading WHAT DOES IT REALLY COST TO HAVE A KID?