Federal Reserve policies are effectively stealing $54k from the typical family every year.
Category: Financial Sector
US Financial Crisis: Who Killed the Economy?
The cause of the US financial crisis is simple. It’s debt. This is a very simple and graphical evidence-based explanation of what caused the collapse.
Financial Sector Costs Us More than Any Other Sector In Economy
The financial sector receives more of the average paycheck than any other sector of the economy. Its share of the economy totals $2 trillion dollars. In 1985, the financial sector earned less than 16% of domestic corporate profits. Today, it’s over 40%. In the 1960s, finance and insurance accounted for only 4%…
How the US Monetary System Steals from the Poor and Gives to the Rich
Required viewing for anyone who does not yet understand the complicated mechanism by which the banking system transfers wealth from those at the bottom to those at the top.
Housing Bubble Wastes $2 Trillion on 14 Million Empty Houses
Empty houses in the US = 14 million. Median Home Price = $160,000. Money Wasted on Building Unneeded Homes = $2 trillion. Why would Americans be so dumb as to build 14 million houses they didn’t need? The two primary reasons we built too many houses are: The United States spends more than $100 billion annually…
Historical Examples Show Government Intervention Only Prolongs Economic Downturns
We’re taxing successful, competently run businesses to subsidize irresponsible, poorly run businesses. Until we realize this simple fact, the previous trend of increased productivity and standards of living will only be a memory.