How Corrupt Is the American Government?
by Washington’s Blog
Posted January 8, 2016
Government corruption has become rampant:
Senior SEC employees spent up to 8 hours a day surfing porn sites instead of cracking down on financial crimes
Investigators from the Treasury’s Office of the Inspector General found that some of the regulator’s employees surfed erotic websites, hired prostitutes and accepted gifts from bank executives … instead of actually working to help the economy
The Commodity Futures Trading Commission has conspired with big banks to manipulate commodities prices for decades
The government-sponsored rating agencies committed massive fraud (and see this)
The Treasury department allowed banks to “cook their books” More…
Half Of The Population Of The World Is Dirt Poor – And The Global Elite Want To Keep It That Way
By Michael Snyder
Posted November 28, 2016
Could you survive on just $2.50 a day? According to Compassion International, approximately half of the population of the entire planet currently lives on $2.50 a day or less. Meanwhile, those hoarding wealth at the very top of the global pyramid are rapidly becoming a lot wealthier.
Don’t get me wrong – I am a very big believer in working hard and contributing something of value to society, and those that work the hardest and contribute the most should be able to reap the rewards. In this article I am in no way, shape or form criticizing true capitalism, because if true capitalism were actually being practiced all over the planet we would have far, far less poverty today. Instead, our planet is dominated by a heavily socialized debt-based central banking system that systematically transfers wealth from hard working ordinary citizens to the global elite. Those at the very top of the pyramid know that they are impoverishing everyone else, and they very much intend to keep it that way. More…
What Does It Take to Survive Where You Live?
By Richard Eskow
Posted November 23, 2016
How much does it take to get by where you live? A new report concludes that current federal minimum wage of $7.25 per hour doesn’t come close, anywhere in the United States. It takes more than $15 per hour to earn a living wage in most states. When you throw in the rising cost of student debt, low-income Americans are even further underwater.
The report, “Waiting for the Payoff: How Low Wages and Student Debt Keep Prosperity Out of Reach (pdf),” was issued this week by the People’s Action Institute. What does it take to get by where you live? A dollars-and-cents answer can be found in this chart, which lays out the living wage in every state. More…
From Higher Education to Water Treatment, Financialization Is Harming Our Economy
By Carrie Sloan
Posted November 22, 2016
One of the standout features of our increasingly financialized economy is a systemic disinvestment in public goods such as infrastructure and education. As the finance sector hoards the wealth our economy produces, wages stagnate, corporations and the wealthy avoid contributing their rightful share in taxes, and money and power coalesces at the top, revenues at all levels of government have declined.
Correspondingly, we have witnessed a turn to austerity measures including big cuts to the budgets of the entities that provide vital public goods, from water to public education. This is no accident — it’s a feature of a rigged economic system in which austerity is the price most of us pay for the wealthiest to get even wealthier. More…
Trump’s $1 Trillion Infrastructure Plan: Lincoln Had a Bolder Solution
By Ellen Brown
Posted November 19, 2016
Donald Trump was an outsider who boldly stormed the citadel of Washington DC and won. He has promised real change, but his infrastructure plan appears to be just more of the same — privatizing public assets and delivering unearned profits to investors at the expense of the people. He needs to try something new; and for this he could look to Abraham Lincoln, whose bold solution was very similar to one now being considered in Europe: just print the money.
Raise taxes, add to the federal debt, privatize — there is nothing new here. The president-elect needs another alternative; and there is one, something he is evidently open to. In May 2016, when challenged over the risk of default from the mounting federal debt, he said, “You never have to default, because you print the money.” The Federal Reserve has already created trillions of dollars for the 1% by just printing the money. The new president could create another trillion for the majority of the 99% who elected him. More…
Modi Heats Up Indian War Against Cash
By Jeff Berwick
Posted November 13, 2016
The battle for a cash-only world is getting hotter. The latest battlefront? India.
Prime Minister of India, Narendra Modi – beloved of Western elites for a variety of reasons – has just announced that all 500 Indian rupee Notes ($7.50) and 1,000 Indian rupee ($15) notes will no longer be considered legal tender. The 500 and 1,000 rupee, by the way, are the two largest denominations in India. Equivalent to the US banning the $100 and $50. More…
Here’s How Wall Street Is Ripping You Off, and What You Can Do About It
By Pam Martens and Russ Martens
Posted November 9, 2016
Members of Congress were absolutely shocked – shocked! – that the employees of the commercial bank of Wells Fargo had created several million accounts and credit cards that their customers had never asked for simply to meet sales quotas set by the bank and/or to obtain bonuses.
But what is going on every single day at the brokerage firms owned by all of these banking giants is that the stock broker (variously called a financial consultant, financial adviser or Vice President of Investments) is able to triple the commission he collects on the bonds he sells you at his discretion. It’s been that way for 30 years, if not longer. More…
Anyone who thinks thinks that either Trump or Clinton will do anything about this, is living an illusion.
End The Illusion Films
End The Illusion Blog
The Shocking Truth about Our Money System and How We Can Break Free!
Great story on why we need to remove ALL of our elected government representatives
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