Category: Money & Finance

Wealth Inequality Doubled Over Last 10 Years, Study Finds

An analysis by researchers at the University of Michigan shows a drastic increase in wealth inequality since 2003. A new study finds wealth inequality among U.S. households has nearly doubled over the past decade. The analysis, performed by researchers at the University of Michigan, shows households in the 95th percentile of net worth had 13 times the wealth of the median household in 2003. By 2013, this disparity had increased almost twofold, with the wealthiest 5% of Americans holding 24 Read more [...]

22 Facts About Illegal Immigration That You Need to Know About

Everytime I pass through the border between Canada and the U.S. I am disturbed by how intense the security is, and how difficult it can sometimes be to get through.  Yet the borders in the southern U.S. states appear to have been left wide open for illegal immigrants to flood through.  Why? Read the following information about illegal immigration in America and it becomes a lot more clear:  like all plots, the 'border crisis' appears to have been done on purpose - a planned and engineered Read more [...]

21 Shocking Facts About America’s For-Profit Prison Industry

"Poor people, especially those of color, are worth nothing to corporations and private contractors if they are on the street.  In jail and prisons, however, they can each generate corporate revenues of $30,000 to $40,000 a year." - Chris Hedges Nobody in the world loves locking people behind bars as much as Americans do.  We have more people in prison than any other nation on the planet.  We also have a higher percentage of our population locked up than anyone else does by a very large margin.  Read more [...]

Why The World’s Second Richest Man Wants You To Work Less

Carlos Slim believes you work too much, and predicts that decreasing the work-week to three days could inspire new growth and boost the economy. _ Imagine spending only three days at work each week. Would you want that? Would it free up time to work on other projects, spend with family, travel, or just improve the status of your life? According to Carlos Slim, the world’s second-richest man, such a “radical overhaul” in the way most people work could be beneficial for the individual and economy. The Read more [...]

Big Banks Hits with Monster $250 Billion Lawsuit in Housing Crisis

For years, homeowners have been battling Wall Street in an attempt to recover some portion of their massive losses from the housing Ponzi scheme. But progress has been slow, as they have been outgunned and out-spent by the banking titans. In June, however, the banks may have met their match, as some equally powerful titans strode onto the stage. Investors led by BlackRock, the world's largest asset manager, and PIMCO, the world's largest bond-fund manager, have sued some of the world's largest Read more [...]

This Pretty Girl Was Seeking A Rich Husband. The Reply She Got From A Banker Was Priceless

The following is what a women posted on a dating forum seeking a rich husband: I’m going to be honest of what I’m going to say here. I’m 25 this year. I’m very pretty, have style and good taste. I wish to marry a guy with $500k annual salary or above. You might say that I’m greedy, but an annual salary of $1M is considered only as middle class in New York. My requirement is not high. Is there anyone in this forum who has an income of $500k annual salary? Are you all married? I wanted Read more [...]

100 Years Is Enough: Time to Make the Federal Reserve a Public Utility

December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance.  Has it achieved the purposes for which it was designed? The answer depends on whose purposes we are talking about.  For the banks, the Fed has served quite well.  For the laboring masses whose populist movement prompted it, not much has changed in a century. Thwarting Populist Demands The Federal Reserve Act was passed in 1913 in response to a wave of bank crises, which had Read more [...]

Chinese Government Calls for World to be ‘De-Americanised’

Chinese government mouthpiece says 'Pax Americana' has failed on all fronts. China's official news agency has called for the creation of a "de-Americanised world", saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government. Heaping criticism and caustic ridicule on Washington, the Xinhua news agency called the US a civilian slayer, prisoner torturer and meddler in others' affairs, and said the 'Pax Americana' was a failure on Read more [...]

Economic Redemption: The Solution to the World’s Financial Problems

As credit manager of the Federal Reserve Bank of Atlanta Robert Hemphill once said, "The banking problem is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." What people need to understand about the banking problem, is that the current monetary system has enslaved virtually every human being on this planet at the mercy of a small faction of billionaires. Take the United States for example:  The Federal Reserve is Read more [...]

World’s First ‘Trillionaire’ Offers To Pay Off U.S. National Debt Before Losing It All

The world’s richest man, Carlos Slim Helu has been the world’s richest man for four years in a row, with a net worth of $36.3 billion.  That is, until Reggie Theus recently become the world's first trillionaire. Reggie’s trillionaire status was short-lived, however. But before his bank realized they had errantly deposited the extreme figure into his account electronically, Reggie had made the open offer to pay off the national U.S. debt. Sadly, the bank realized its mistake and quickly Read more [...]