Why the Boom-Bust Cycle Keep Repeating
What will determine the severity of the downturn is the state of the pool of real wealth
Tag: wealth
Surging Wealth Inequality Is Poverty’s Greatest Enemy
Crucial here is that the rich become rich precisely because they mass produce former luxuries
Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds
One of my points in Why Governments Will Not Ban Bitcoin was to highlight how few families had the financial wherewithal to invest in bitcoin or an alternative hedge such as precious metals. The limitation on middle class wealth isn’t just the total…
What Is Real Wealth?
What is real wealth? Money, right? Currency, gold, quatloos, you name it.Money is real wealth because you can use it to buy whatever you want. I would argue money in any form is only the means to acquire real wealth, which…
If You Want To Be Wealthy, Don’t Focus on Owning a House–Build a Business
One truism of investing is to follow the lead of those who are building wealth.This chart reveals the foundation of the wealth of the top 1% and the next 9%; business equity, i.e. ownership of enterprises. Compare the assets boxed…
‘Affluenza teen’ who got slap on the wrist for killing four people arrested in Mexico after fleeing the U.S. with his mom
‘In June 2013, a spoiled teen with millionaire parents was given special privileges after he killed four people driving drunk in his mom’s pickup truck. Instead of facing real consequences, the teen was given sympathy and told he had “affluenza” – a made-up condition that basically says the teen had no concept of responsibility because […]
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Cameron drops huge snake on property ladder in wealth transfer to rich
‘David Cameron has dropped a huge snake on the property ladder. The Housing and Planning Bill was voted on in parliament on 5 January and sets to redefine ‘affordable housing’, rather than properly dealing with the housing crisis. ‘Starter Homes’- the bill’s flagship policy – are expensive houses, redefined as ‘affordable’, as a means to […]
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The behaviour of these elite students will make you feel physically sick
‘A drinking society at St John’s College, Cambridge University, has been accused of racist, classist, and misogynistic behaviour that causes “women and other minorities to feel unsafe” and promotes rape culture. Other sickening statements made by its members at one of their events, reported by The Tab, include: Stand up if your favourite type of […]
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Congress Plays Santa to the Rich
‘As Congress rushes to wrap up business before the Christmas holidays, it traditionally dangles pricy ornaments – favors to rich donors – on an omnibus bill called a “Christmas tree,” one activity that has survived the current legislative dysfunction, writes Michael Winship.’ Read more: Congress Plays Santa to the Rich
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Impoverishment of the Middle Class in America: Middle-income Households No Longer The Majority
‘For the first time in more than four decades, “middle-income households” no longer constitute the majority of American society, according to a study published Wednesday by the Pew Research Center. Instead, the majority of households are either low or higher-income. The study concluded, “Once in the clear majority, adults in middle-income households in 2015 were […]
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Living or surviving? Britain’s poorest eking a living, richest splash out on leisure
‘Britain’s poorest households spend almost 50 percent of their income on the bare necessities of food and housing. On average, the richest spend more than four times as much on recreation, new research shows. Although spending has grown across the board for the second year running, indicating the economy is showing signs of recovery, the […]
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What No One Is Telling You About Mark Zuckerberg Donating 99% Of His Fortune To ‘Charity’
‘By now you must have heard that Mark Zuckerberg along with his wife Priscilla Chan has pledged to give away 99% of his estimated USD45 billion in Facebook stock to charity. Basically, Mark is giving away enough money to fund one of the world’s biggest charities for the next 45 years. Instead, he is funding […]
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Oh, the tragic irony: These ‘life-saving’ cancer drugs could eat up your entire life savings in under a year
‘The pharmaceutical industry is generally known to be a greed-driven, profiteering racket. However, the real danger for average Americans isn’t just getting ripped off while suffering horrific side effects as a result of taking drugs — it’s the threat of going bankrupt simply due to having a chronic illness for which the medical-industrial complex now […]
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