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Crewleader

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Number of posts: 15,285

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Fed to the Sharks, Part 2: Housing and the Death of the Middle Class

Fed to the Sharks, Part 2: Housing and the Death of the Middle Class (April 9, 2014)

by Charles Hugh Smith

The Fed sacrificed the foundation of middle class wealth--stable housing values--to boost bank profits.

Lest you think the phrase "death of the middle class" is hyperbole, please examine these two charts, keeping in mind the middle class by definition must be in the middle of income/wealth distribution--conventionally, between 40% and 80%, i.e. the 40% between the bottom 40% and the top 20%.

See that little red wedge? That's the bottom 80%--the entire middle class and everyone below the middle class.



http://www.oftwominds.com/blogapr14/Fed-housing4-14.html

Mickey Rooney tribute

Don’t Worry~ by Patrick M. Kennedy

Don’t Worry
By Patrick M. Kennedy | April 7th, 2014


When you are about to retire there are so many things to think about … so many things to think about … so many things to think about. But there are only two things that you have to think about, and that must be evaluated and considered sorta important; your health and your finances. Now that narrows it down to an unworkable mess of problems that must be handled, or else. But then again; “Worrying is like a rocking chair, it gives you something to do, but it gets you nowhere,” said the athlete Glenn Turner. Worry is to torment oneself with or suffer from disturbing thoughts; fret. Fretting gets you nowhere, so it is best to get out of that rocking or easy chair and act.

“What, me worry!” was the famous quote by the speaker for Mad Magazine, Alfred E. Neuman. It is an interrogatory, indicative of a nonchalant attitude towards potential criticism, not caring about what other people think, confident and self-possessed. That’s OK about some things, but retirement?

Many seniors wear rose-colored glasses when they plan for the future, and they need to begin viewing retirement more realistically. They seem to think dreaming about the good life is the path to reality. When they stop working, their major sources of income dry up. And as they get older, it is obvious that their health will deteriorate to some degree. So why are so many people underestimating the difficulties of retirement? It is best to plan for these two problems while still working and have a good income.

http://suddenly.senior.com/dont-worry/

Fed to the Sharks, Part 1&2: The Fed Takes Our Money, Gives It to Banks Who Loan It Back to Us at 16

Fed to the Sharks, Part 1 & 2: The Fed Takes Our Money, Gives It to Banks Who Loan It Back to Us at 16%

(April 8, 2014) by Charles Hugh Smith


We're being Fed to the sharks, every day, one morsel at a time. What a way to go....

What can we say about the Federal Reserve's policies that hasn't been said a million times? How about simplifying the two primary purposes of Fed policies? I will cover one today and the second one tomorrow. Both involve feeding the 99.5% to the financier/ Wall Street/bank sharks.

Longtime readers are familiar with Harun I.'s incisive analysis. Two of his recent commentaries can be found in Resolution #1: Let's Call Things What They Really Are in 2014 (January 15, 2014) and Doomed If We Do, Doomed If We Don't (February 12, 2014)

In the above entries, Harun explained how the Fed's money creation has leveraged a global bubble in assets. At 72-to-1 leverage, the Fed's $3.3 trillion money expansion has generated inflation as well as asset bubbles, though the Fed and its cronies deny both asset bubbles and inflation.



http://www.oftwominds.com/blogapr14/Fed-sharksA4-14.html

Happy Birthday To You B Calm!

Hope you had a Wonderful Day!





Congratulations on 20,000 posts fizzgig



Thanks dixiegrrrl

Wall Street Rigged

Thank You and Good Sunday SCE, a toon to match your groundhog pic :)




Today Is My Birthday!



And I turn 60 and still can Boogie!





McCutcheon, and the Vicious Cycle of Concentrated Wealth and Political Power by Robert Reich

Thursday, April 3, 2014

by Robert Reich


McCutcheon, and the Vicious Cycle of Concentrated Wealth and Political Power

If wealth and income weren’t already so concentrated in the hands of a few, the shameful “McCutcheon” decision by the five Republican appointees to the Supreme Court wouldn’t be as dangerous. But by taking “Citizen’s United” one step further and effectively eviscerating campaign finance laws, the Court has issued an invitation to oligarchy.
Almost limitless political donations coupled with America’s dramatically widening inequality create a vicious cycle in which the wealthy buy votes that lower their taxes, give them bailouts and subsidies, and deregulate their businesses – thereby making them even wealthier and capable of buying even more votes. Corruption breeds more corruption.
That the richest four hundred Americans now have more wealth than the poorest 150 million Americans put together, the wealthiest 1 percent own over 35 percent of the nation’s private assets, and 95 percent of all the economic gains since the start of the recovery in 2009 have gone to the top 1 percent — all of this is cause for worry, and not just because it means the middle class lacks the purchasing power necessary to get the economy out of first gear.

http://robertreich.org/post/81598620368

Unlimited Campaign contributions



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