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Hey Fed, Explain Again How Making Billionaires Richer Creates Jobs Published: May 9, 2021 Despite their hollow bleatings about 'doing all we can to achieve full employment', the Fed's policies has been Kryptonite to employment, labor and the bottom 90%--and most especially to the bottom 50%, the working poor that one might imagine most deserve a leg up. As wealth and income inequality soar to new heights thanks to the Federal Reserve's policies of zero interest rates, money-printing and financial stimulus, the Fed says its goal is to create more jobs. Really? OK, let's look at how the Fed's ...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Events that devastate the majority financially greatly enrich the few who bet on non-linear dynamics. I see the same question in forums, threads, articles and emails: what can I do to protect myself and my family from whatever lies ahead? Given the uncertainties and extremes that are so evident, recognizing risk is a useful first step, a recognition that is very much out of fashion. If we glance at the charts of margin debt (loans taken against one's stock portfolio) which is at record highs... ...and short interest (bets that stocks will drop) which is at record lows... ..., it seems the p...

I'm sure it's no surprise that the next five years will be risky and challenging; to the degree that we will be reliant on those closest to us, we are sharing a virtual lifeboat. Consider a scenario in which we're on a ship that's sinking, and the lifeboats have been launched. Being some of the last still on board the doomed vessel, we can scan who's in each lifeboat and choose which one we'll clamber into. It's a consequential decision because the currents and weather are already separating the lifeboats, and so each lifeboat will be on its own. The seas are increasingly treacherous, and th...

Expropriation: dispossessing the populace of property and property rights , via the legal and financial over-reach of monetary and political authorities. All expropriations are pernicious, but the most destructive is the expropriation of labor's value while the excessive gains of unproductive speculation accrue to the elite that owns most of the nation's wealth. In a nation in which the leadership has finely honed the art and artifice of  legalized looting and financial legerdemain, it's not surprising that the expropriation of labor's value takes many forms. For the self-employed and sma...