Tag Archives: middle class

  • Insider

    Off The Cuff: The Destruction Of Coherent Ideas

    How can our society expect to solve its problems if it can't even talk about them?
    by Adam Taggart

    Tuesday, July 30, 2019, 12:01 PM


    In this week’s Off The Cuff podcast, Chris and James Howard Kunstler discuss:

    • The Shale Oil Booby-Trap
      • Fake prosperity that will tank the markets when it ends
    • Could The US Government Nationalize The Oil Industry?
      • It very well could
    • The Destruction Of Coherent Ideas
      • To fail to plan is to plan to fail
    • What Are We Willing To Give Up?
      • A better future depends on abandoning some of our self-destructive luxuries

    In this week’s podcast, Chris and Jim tackle a wide range of issues — from shale oil, to Jeffrey Epstein, wokesterdom, the financial bubble, social malaise, and the future of society. One deficit particularly concerning to Jim is our culture’s inability to have coherent discourse.

    If we can’t engage in understanding and intelligently debating with one another, how will we ever devise effective solutions to the many challenges we face?

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.

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  • Blog

    The Self-Employed Middle Class Hardly Exists Anymore

    Why owning your own income is more important than ever now
    by charleshughsmith

    Saturday, May 16, 2015, 8:57 AM


    Of course, the easiest path to financial independence is being born into a wealthy, well-connected family.

    But since few of us win that born-rich lottery, this article addresses the important question: How do “the rest of us” carve out financial independence?

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  • Insider
    Adrian Hughes | Dreamstime.com

    Off the Cuff: Trend Reversal?

    The New Year begins with a stark break from the old
    by Adam Taggart

    Friday, January 3, 2014, 3:35 PM


    In this week's Off the Cuff podcast, Chris and Mish discuss:

    • Trend Reversal?
      • The New Year starts with a surprise
    • 6 Years of Extreme Global Monetary Intervention
      • With more to come?
    • Big Trouble Brewing in Asia
      • Don't bet on East eclipsing West anytime soon
    • Middle-Class Squeeze
      • Getting even tighter in the future
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  • Daily Digest
    Image by kcp4911, Flickr Creative Commons

    Daily Digest 5/9 – Why We All Need The Middle Classes, Everybody Lives in Asia

    by DailyDigest

    Thursday, May 9, 2013, 2:25 PM

    • Gold Is Collapsing, Not Bottoming: Swedroe
    • 11 Reasons Why The Federal Reserve Should Be Abolished
    • Germans splurge on Italian homes locals can’t afford
    • India’s new China war
    • No Bank Deposits Will Be Spared from Confiscation
    • Gold: Who’s Selling, Who's Buying, Who's Lying
    • Everybody Lives in Asia
    • Only 150 of 3500 U.S. Colleges Are Worth the Investment: Former Secretary of Education
    • Sea Of Money
    • Why we all need the middle classes
    • Buena Vista: Meeting could tell if school will start again; district knew state overpaid it
    • Gold and Silver: Sentiment Reversal is Inevitable
    • Downloads for 3D-printed Liberator gun reach 100,000
    • Canadian Government Establishes Two-Tier Approach for Trade Talks: Insiders and Everyone Else
    • Shell to develop Stones deepwater oil field in Gulf of Mexico
    • JP Morgan: A New Type of Dirty Energy
    • 5.09.13: Canadian Tire follows Loblaw’s lead with real estate spin-off

    Read More »

  • Blog
    © Jennbang | Dreamstime.com

    Middle Class? Here’s What’s Destroying Your Future

    Why it's harder than ever to build wealth
    by charleshughsmith

    Thursday, July 12, 2012, 12:36 AM


    According to the conventional account, the Great American Middle Class has been eroded by rising energy costs, globalization, and the declining purchasing power of the U.S. dollar in the four decades since 1973. While these trends have certainly undermined middle-class wealth and income, there are five other less politically acceptable dynamics at work:

    1. The divergence of State/private vested interests and the interests of the middle class
    2. The emergence of financialization as the key driver of profits and political power
    3. The neofeudal “colonization” of the “home market” by ascendant financial Elites
    4. The increasing burden of indirect “taxes” as productive enterprises and people involuntarily subsidize unproductive, parasitic, corrupt, but politically dominant vested interests
    5. The emergence of crony capitalism as the lowest-risk, highest-profit business model in the U.S. economy

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  • Insider
    © Stephen Martin | Dreamstime.com

    The Middle-Class Survival Guide

    Learn how to fight back
    by charleshughsmith

    Thursday, July 12, 2012, 12:31 AM


    Executive Summary

    • Recognize the signs of serfdom
    • Calculate your income's vulnerability to the system
    • Don't count on high inflation to inflate away your debt obligations
    • 10 strategies you can start implementing right now to defend against the forces trying to sap your quality of life

    If you have not yet read Part I: Middle Class? Here's What's Destroying Your Future, available free to all readers, please click here to read it first.

    In Part I, we surveyed the key dynamics that have eroded middle-class wealth and income over the past 30 years.  Some of these were conventional (higher energy costs) and some were unconventional/politically unacceptable (financialization; neofeudalism).

    Regardless of what you identify as the primary cause, that the middle class (and labor in general) has lost ground since the early 1980s is undeniable, as is the ultimate failure of debt-dependent “growth.”

    What can we do about it? It seems to me there are two responses:

    1. Avoid becoming a serf in the new financialized feudalism
    2. Avoid becoming dependent on the Status Quo and avoid collaborating/supporting those elements of the Status Quo that subsidize and protect the parasitic, inefficient, and unproductive sectors of the economy.

    Getting Real About Serfdom

    I am going to cut to the chase here, and I expect many of you to disagree. Debt is serfdom, period.

    I often illustrate this point by asking two simple questions…

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  • Blog

    Are You Middle Class?

    by Poet

    Wednesday, May 11, 2011, 5:48 PM


    This post appeared earlier today in our Forums. We’ve elevated it here because we think it a useful exercise for the CM.com community to engage in. How realistic is the dream of financial self-sufficiency for today’s society?

    Are you middle class? Surprisingly, most people who think they are middle class, are not middle class.

    Being middle class is being able to afford what most would expect a middle class family of 4 or 5 can afford:

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  • Blog

    Daily Digest 1/28 – Americans View Global Economy as Negative, Unemployment Benefits, Foreclosure Rates Slow

    by DailyDigest

    Friday, January 28, 2011, 4:00 PM

    • The Big Squeeze: Predicting the Effects of Savings Extortion and Abuse of the Middle Class
    • The Blind Men & The Elephant—The Totally Bullshit FCIC Commission Report and Dissents
    • Americans Increasingly View Global Economy As A Negative
    • Crisis May Seem Criminal, but Try Making a Case
    • Ahead of the Bell: Unemployment Benefits
    • Foreclosure Rates Slow In Hardest-Hit Areas
    • An Export Land Model Analysis for the USA-Part 1

    Get started building resilience into your life with our ‘What Should I Do?’ guide

    Read More »