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Unlimited Credit is the Real Threat to the Global Economy

Real money in US dollars accounts for $1.2 trillion worldwide. Of that, only about $250 billion are in circulation in the US. The rest of the US dollars circulating around the country are worthless. The same situation occurs around the world. What’s the problem with that? The US government alone spends $3.5 trillion a year. The same US government has spent over $14 trillion to unsuccessfully deal with the ...Read full article...

Tax Havens are key for 62 Billionaires to avoid paying Taxes on their Wealth

The 62 Richest individuals in the world hold as much wealth as the rest of the population, according to Oxfam. The wealth of the poorest 50% dropped by 41% between 2010 and 2015, while the wealth of the richest 62 people increased by $500bn to $1.76 trillion in the same period. By 2020, the number of billionaires in the world will fit in a small shuttle bus. The poorest ...Read full article...

$2.5 Trillion in Wealth Has Vanished since Monday

The financial markets are in chaos… Chinese stocks crashed again last night, dropping 7% in less than an hour. The Shanghai Composite Index is now down 11.7% this week, and 40% since peaking last June. For the second time this week, China’s stock exchange completely shut down. As Dispatch readers know, China put new “circuit breaker” rules in place that shut down the exchange if stocks drop too quickly. ...Read full article...

Richest 1% will grab more than half of world’s wealth by 2016

Tax evasion by corporations and wealthy individuals to invest in universal and free public services is one of the ways in which the richest 1% will increase its share. As we had announced in 2013, the wealth accumulated by the most powerful and influential 1% population will exceed that of the remaining 99% next year, if current trends of rising inequality continue as they are. Every year, the richest multiply their ...Read full article...

America is Truly a Country Run for the Few

The Bureau of Labor Statistics headline this morning reads:  “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.” How can this be?  US corporations are investing in buying back their own stocks, not in new business ventures that produce new jobs. According to the Census Bureau’s Poverty Report, US real median family income has declined to the level of twenty years ago.    Consumer credit and ...Read full article...

The Welfare State is the Warfare State

Have you ever heard the term ‘rent seeker’ before? I had never heard about it until last week. But as it turns out, those who wear that name tag have existed for a long, long time. According to Ross Ashcroft, the person who recently mentioned the term ‘rent seeker’ on a TV program, rent seekers are people who apportion someone else’s resources or wealth to then redistribute it to ...Read full article...

Destroying Social America: Bipartisan Attack on Vital Social Safety Nets

t’s on the chopping block for elimination. Initiatives began decades ago. Republicans, Democrats and Obama are in lockstep. They’re waging war on vital safety net protections. In 1996, Clinton’s Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) became law. Aid to Families with Dependent Children (AFDC) ended. Time limit harshness replaced it. Five years and out became policy. Temporary Assistance for Needy Families (TANF) mandates it. States get diminishing ...Read full article...

Mass Poverty, Social Inequality and the Thirdworldization of America

Center for Economic and Policy Research co-director Dean Baker calls poverty America’s “new growth industry.” The state of today’s America is deplorable. In his latest May 3 analysis, economist John Williams said “April “employment and unemployment data were nonsense: the economy remains in serious trouble.” About 23% of Americans wanting work can’t find it. Most jobs are temp or part-time low pay/poor or no benefit service ones with no ...Read full article...

25 Questions Society needs to answer before getting out of the Scum Hole

By LUIS MIRANDA | THE REAL AGENDA | NOVEMBER 16, 2012 As if there is a need to prove that big government and excessive government action in any scope of life is a direct result of social immorality, or that government intervention has created the mess where most of the world is into right now, there are a series of questions that need to be asked, so that the ...Read full article...

Learned Helplessness Drives Hopeless Behavior

By LUIS MIRANDA | THE REAL AGENDA | JULY 3, 2012 People are broken people. They have been intentionally transformed into manageable human resources that consciously and otherwise have stopped fighting for what is theirs; they have stopped fighting oppression and injustice. There is a system that has been established to inflict pain and desperation, fear if you will, which seems so paramount, that makes people lower their arms and give up. Daily, we ...Read full article...

Decline of the United States of America: The Moral, Political and Economic Causes

by Rodrigue Tremblay Global Research September 7, 2011 “The deterioration of every government begins with the decay of the principles on which it was founded.” Montesquieu, (Charles Louis de Secondat)  (1689-1755) “I am convinced that I am acting as the agent of our Creator. By fighting off the Jews, I am doing the Lord’s work.” Adolf Hitler (1889-1945), German politician and future German Chancellor, Mein Kampf, chap. 2, 1925 ...Read full article...

How Globalism Destroys Jobs, Businesses And Wealth

American Dream July 14, 2011 As most Americans stand around waiting for the U.S. economy to return to “normal”, there is a never ending parade of jobs, businesses and wealth heading out of the United States.  The jobs and businesses that are leaving are gone for good and will not be coming back.  This is causing unemployment to soar and government debt to skyrocket but our politicians are doing ...Read full article...

US media demands Greek-style austerity for American workers

WSNM In recent days, the US media—led by the standard bearer of American liberalism, the New York Times—has insisted that workers in the US, like their brethren in Greece, have been living the good life for far too long and must accept a drastic and permanent reduction in their living standards. In a May 9 piece, Times columnist Thomas Friedman denounces workers in the US and Western Europe for believing in ...Read full article...
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