Tag: financial crisis

The Looming Financial Nightmare: So Much for Living the American Dream

Posted by on February 28, 2020 in Economy, Investing and Insurance with 0 Comments
The Looming Financial Nightmare: So Much for Living the American Dream

The U.S. government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who will pay for it. #financialcrises

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Wealth Gap Is Widening: Richest 1% Will Soon Own Two-Thirds of World’s Wealth

Posted by on November 6, 2019 in Economy with 0 Comments
Wealth Gap Is Widening: Richest 1% Will Soon Own Two-Thirds of World’s Wealth

The shocking findings of the new report produced by the UK’s House of Commons Library claim that the 1% will control 64% of the world’s money in just 12 years’ time. The wealth gap increases each year because the wealth of the richest one percent grows at six percent annually, outstripping the three percent annual growth of everyone else, causing a continual movement of money to the top. #wealthInequality #WealthGap

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Three Things You Didn’t Know About The Crash of 1929

Posted by on October 29, 2019 in Economy with 0 Comments
Three Things You Didn’t Know About The Crash of 1929

Ninety years after ‘Black Monday’, Simon Black discusses three key insights from that historic stock market crash. #stockmarketcrash

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Here Are the Top 5 Things to Do Now, Before Another Financial Crisis

Posted by on June 9, 2019 in Economy with 2 Comments
Here Are the Top 5 Things to Do Now, Before Another Financial Crisis

It’s easy to get excited about a rise in the stock market, but a look at the overall U.S. economy gives credence to the possibility of an economic collapse. Here’s what you can do to prepare in case that happens.

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The Truth About Capitalism

The Truth About Capitalism

In the years leading up to the economic crisis in 2008, banks increased the funding for the riskiest loans (called subprime loans), from $30 billion a year to over $600 billion a year, rigged even higher interest rates on those loans, and then, while the bankers were making billions of dollars of profits off the borrowers’ high interest repayments, they made further profits betting against their customers ever being able to pay back the loans they had just been given. The FBI warned the government about this in reports as early as 2006, the IMF’s chief economist, Raghurum Rajan, presented a paper to the men in charge of all the world’s major banks, including the Federal Reserve, warning of the potential collapse of the system due to dangerous incentives, and journalist Allan Sloan published articles in Fortune magazine and The Washington Post in 2007 – nothing was done.

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The Beginning of the End for the EURO?

Posted by on December 1, 2017 in Bankers & Wall St., Government with 0 Comments
The Beginning of the End for the EURO?

Politics in Europe has been busy denying financial problems but the banks are now openly predicting massive measures.Legal issues will be unfolding with the current monetary crisis.

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Major Economic Warning Sign: The Euro Is Heading For Parity With the U.S. Dollar

Posted by on December 18, 2016 in Economy with 0 Comments
Major Economic Warning Sign: The Euro Is Heading For Parity With the U.S. Dollar

On Thursday, the EUR/USD fell all the way to $1.0366 at one point before rebounding slightly. That represents the lowest that the euro has been relative to the U.S. dollar since January 2003.

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Iceland Just Did The Exact Opposite of What the U.S. Does — It Found 9 Banksters Guilty in Historic Case

Posted by on October 9, 2016 in Bankers & Wall St., Corruption, Government with 3 Comments
Iceland Just Did The Exact Opposite of What the U.S. Does — It Found 9 Banksters Guilty in Historic Case

Iceland’s Supreme Court decision affirmed the conviction of the seven defendants found in a June 2015 by the Reykjavik District Court, and handing down a guilty verdict to two defendants previously acquitted in district court.

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58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe

Posted by on December 25, 2015 in Economy with 9 Comments
58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe

Toward the end of 2015, a new global financial crisis erupted, and it threatens to completely spiral out of control as we enter 2016.

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Stop Falling for the Con that Wall Street-friendly bills are necessary or good for the Economy – Pew Research Study Says “US Wealth Gaps Hit Record High”

Posted by on January 11, 2015 in Economy with 0 Comments
Stop Falling for the Con that Wall Street-friendly bills are necessary or good for the Economy – Pew Research Study Says “US Wealth Gaps Hit Record High”

The wealth gap between the country’s upper-income and middle-class families has risen to a record high, according to a new study from the Pew Research Center. “The latest data reinforce the larger story of America’s middle-class household wealth stagnation over the past three decades,” the report states.

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Not Just Oil: Guess What Happened The Last Time Commodity Prices Crashed Like This?…

Posted by on December 10, 2014 in Economy with 0 Comments
Not Just Oil: Guess What Happened The Last Time Commodity Prices Crashed Like This?…

Just like junk bonds, industrial commodities are a very reliable leading indicator. In other words, prices for industrial commodities usually start to move in a particular direction before the overall economy does. We witnessed this in the summer of 2008 when a crash in commodity prices preceded the financial crisis in the fall by a couple of months. And right now, we are witnessing what may be another major collapse in commodity prices.

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97% Owned: The Positive Money Director’s Cut (Documentary)

Posted by on July 5, 2014 in Economy with 0 Comments
97% Owned: The Positive Money Director’s Cut (Documentary)

In just 60 minutes this UK-perspective documentary shows how the power to create money is the puzzle piece that economists were missing when they failed to predict the crisis.

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