It’s time to trade in your Jag, Mercedes, BMW (and maybe your Prius, Volvo, Lexus, etc.) before the Days of Rage start. As I’ve explained before ( As the “Prosperity” Tide Recedes, the Ugly Reality of Wealth Inequality Is Exposed),…
Why Has Labor’s Share of Gross Domestic Product (GDP) been declining for 40 Years? The question cuts right to the heart of the core socio-economic issues of our era: the decline of secure work and the explosive rise of wealth…
A rising tide raises all boats, from rowboats to yachts–this is the narrative of “prosperity.” A rising tide is also the political cover for rising inequality: if the guy in the rowboat makes $100 more a month, he feels like…
‘You may remember Henry “Hank” Paulson as the former Goldman Sachs banker who later became the Treasury Secretary in the final years of the Bush administration. He was also the man who proposed the $700 billion bailout for the bankers in 2008 (which included a bailout for his buddies at Goldman Sachs). Last April, Hank […]
The post Watch The Banking Elite Have A Good Laugh Over Wealth Inequality appeared first on David Icke.
It’s tempting to see similarities in last week’s global stock market mini-crash and the monumental meltdown that almost took down the Global Financial System in 2008-2009. The dizzying drop invites comparison to the last Bear Market that took the S&P…
Despite the PR about how corporate profits benefit widows and orphans, this vast wealth is concentrated in the top 1% and the top 5%. I am honored to share a remarkable data base of Corporate Fines and Settlements from the early…
‘The gap between richest and poorest has dramatically widened in the past decade as wealthy households paid off their debts and piled up savings following the financial crisis, a report warns today. By contrast, the […]
In 1967, the rock group Buffalo Springfield recorded a song titled For What It’s Worth which speaks not just to the late 1960s but to the present. Consider the opening lines: There’s something happening here What it is ain’t exactly…