According to data released by the Social Security Administration, 23 Million Americans make less than $5,000 a year, while only 166 make more than $50 Million per year.  Some other data highlights: 119,400 Americans make more than $1 Million per year 81 Million Americans make less than $29,999.99 per year 92.5% of Americans make less […]

This 9 minute video explains succinctly the real driving force behind the EU crisis and the possible endgame, the destruction of the EU nation-state. For more economic animations see http://www.davidmcwilliams.ie/ When I was still in primary school, punk rock emerged – it seemed to me – out of nowhere and re-invented music. Before, music to […]

Alan Greenspan made a shocking statement on the Daily Show: “We really can’t forecast all that well. We pretend that we can but we can’t. And markets do really weird things sometimes because they react to the way people behave, and sometimes people are a little screwy.” – Alan Greenspan, speaking this week on “The […]

Since 1980 those in power have become used to the idea that debt is growing faster than income.  The majority of economic and policy debate doesn’t focus on the real issue causing the financial crisis (which is the rapid expansion of the Fed’s US Dollar denominated assets), it’s actually very simply as Chris Martenson points […]