Fed Study on Household Wealth Reveals Troubling Trends in American Inequality
America’s rich are getting even richer and the poor even poorer, with millionaires and billionaires now holding an unprecedented 79% of all household wealth.
America’s rich are getting even richer and the poor even poorer, with millionaires and billionaires now holding an unprecedented 79% of all household wealth.
Economists and financiers fear that the Treasury will have to print more and more money to service that debt, ultimately devaluing the currency and triggering hyperinflation, similar to what Germany experienced in trying to repay its onerous foreign debts following World War I.
By Jon Jeter
NEW YORK -- On the afternoon of December 31, 1999, I boarded a flight from Chicago O’Hare airport for San Francisco International and found myself seated next to a bear of a man, who, at 6 feet 6 inches tall, and more than 300 pounds, squeezed into the middle seat of an emergency row. His unkempt sandy blonde beard contrasted with a ratty,
Jon Jeter is a published book author and two-time Pulitzer Prize finalist with more than 20 years of journalistic experience. He is a former Washington Post bureau chief and award-winning foreign correspondent on two continents, as well as a former radio and television producer for Chicago Public Media’s “This American Life.”
We can look to Iceland for an example of how to handle the next crisis. In 2008, they jailed the bankers, let the banks fail without taking on their debt and put controls in place to protect the economy.
Ten years ago, there was panic in Washington, DC, New York City and financial centers around the world as the United States was in the midst of an economic collapse. The crash became the focus of the presidential campaign between Barack Obama and John McCain and was followed by protests that created a popular movement, which continues to this
Kevin Zeese is a lawyer, advocate & activist Organize with Popular Resistance, he co-directs ItsOurEconomy.US and Clearing the FOG.
Margaret Flowers is a pediatrician, advocate for single payer health care and justice. She co-directs Popular Resistance and co-hosts Clearing the FOG.
It seems President Donald Trump is confused about what “draining the swamp” really means .
After selecting Fed governor Jerome Powell to replace Janet Yellen as Fed Chair when her term expires in February, the Trump White House has now moved on to interviewing a series of candidates for the Vice Chair position. As the Wall
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“While we should be willing to form coalitions with individuals of good will across the political spectrum, we must never align with anyone promoting violence as a solution to social and economic problems. We must also oppose any attempts to use the violence committed by extremists as a justification for expanding the police state or infringing on free speech. Laws against hate speech set a dangerous precedent for censorship of speech unpopular with the ruling elite and the deep state.”
By Ron Paul
OPINION -- Following the recent clashes between the alt-right and the group antifa, some libertarians have debated which group they should support. The answer is simple: neither. The alt-right and its leftist opponents are two sides of the same authoritarian coin. The alt-right elevates racial identity over individual identity.
Ronald Ernest "Ron" Paul is an American author, physician, and former politician. He was formerly the U.S. Representative for Texas' 14th and 22nd congressional districts.
“The failure of this insurgency, however, has spelled the death of this proposal, leaving Qatar bound to look East to Asia – already their biggest customers – for their LNG markets. But most of the existing Eastbound LNG pipeline infrastructure is controlled by Iran. For Qatar, then, cutting its Iran links would be cutting off its nose to spite its face. This is why the Saudis aim to demonstrate that the alternative is having their entire face cut off.”
Late last week, Saudi Arabia and other members of the Gulf Cooperation Council (GCC) that are involved in attempting to isolate Qatar
Darius Shahtahmasebi is a New Zealand-based legal and political analyst who focuses on US foreign policy in the Middle East, Asia and Pacific region. He is fully qualified as a lawyer in two international jurisdictions.
According to several top economists, the American economy is in jeopardy regardless of any actions Trump may take as president.
By
MintPress News Desk
and
Amelia Kinney
(ANALYSIS) --- We’re all too familiar with Trump’s promise to “make America great again”. While the media generally caters to an interpretation implicating his well-known intolerant