Posts tagged 'financial-sector'

How The Federal Reserve Steals from the Poor and Gives to the Rich

Before 1971 productivity and wages grew together. After 1971 they suddenly split. Productivity kept rising, wages flatlined. Federal Reserve counterfeiting is Robin Hood in reverse.

Financial Sector Costs Us More than Any Other Sector In Economy

Finance jumped from 4% of GDP (1960s) to 8% (2007), costing $2 trillion annually—more than healthcare, construction, food combined. It's computer money-shuffling.

How the US Monetary System Steals from the Poor and Gives to the Rich

Banking system mechanism transfers wealth from those at bottom to those at top through inflation and fiat money creation. Watch how the con works in this explainer.

Housing Bubble Wastes $2 Trillion on 14 Million Empty Houses

Americans built 14 million empty houses costing $2 trillion because the Fed made borrowing artificially cheap. The government's success destroyed wealth on a massive scale.

Historical Examples Show Government Intervention Only Prolongs Economic Downturns

Chile recovered from 1982 crisis in 2.5 years without bailouts. Mexico took 7 years with intervention. Government stimulus is like using a flamethrower to put out a fire.