Tag Archives: wealth inequality

  • Insider

    Off The Cuff: A Boom For The Rich & A Depression For The Rest Of Us

    Thanks, Fed & Congress!
    by Adam Taggart

    Monday, August 24, 2020, 4:22 PM

    19

    In this week’s Off The Cuff podcast, Chris and Mish Shedlock discuss:

    • An escapee from Illinois tells all
    • Covid-19 is permanently changing household behavior
    • A boom for the rich; a depression for the rest of us
    • Is it now crunch-time?

    As the dust continues to settle from the mad scramble by our “leaders” to deal with the coronavirus pandemic, it’s becoming clearer and clear that the unprecedented monetary and fiscal “rescue” stimulus served to make the already-wealthy a whole lot richer while the remaining 99% of America took it squarely on the chin.

    And now that the scant money for Main Street has flowed to a trickle, Mish thinks that the bucket of consequences can’t be kicked down the road for much longer. Households are starting to run out of money, and once that happens on a large enough scale, the simmering resentment across the country is due to boil over.

    Click here 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.

     

    Enroll Now
    Or Sign In with your enrolled account.

    Read More »

  • Blog

    VIDEO: The Fed’s Evil Juggernaut

    Don't let it crush your future
    by Adam Taggart

    Friday, January 17, 2020, 6:20 PM

    12

    The US Federal Reserve is once again force-feeding liquidity into the system. At its fastest rate ever.

    The result? Record high stock prices whose valuations defy all logic.

    What’s wrong with that? Shouldn’t we just enjoy the party and be grateful for our rising 401ks?

    What’s wrong is that the Fed’s actions are dooming us. Their poisonous cocktail of endless cheap money and rock-bottom interest rates is hastening a terminal breakdown of the economy, while deliberately enriching a tiny cadre of elites to the ruin of everyone else.

    Read More »

  • Blog

    Understanding The Keys To Power

    Will be a survival requirement for the coming decade
    by Adam Taggart

    Wednesday, January 1, 2020, 5:20 PM

    10

    The harsh simple truth is that those who run the system manipulate it to their benefit.

    This is true in both government and industry. Those in power do ‘whatever it takes’ to remain in power and enjoy the fruits of their advantage. Any sort of social ‘duty’ is secondary (at best), and will be sacrificed if necessary.

    Read More »

  • Blog

    A Survival Guide For 2019

    How to safely navigate the 'Year Of Instability'
    by Adam Taggart

    Friday, February 1, 2019, 3:24 PM

    40

    With the bursting of the Everything Bubble, we declared last year as the 'Year Everything Changed'. This will be the 'Year of Instability', possibly preceding an upcoming 'Year Of Woe' in 2020.

    But look, we're not saying the world is the process of ending imminently. It's just that we've entered the part of the timeline when things are going to start to get really rocky.

    And we think it's much more useful to think of 2019 as the 'Year Resilience Matters'. It shifts the focus away from fear and instead towards the many things you can do to protect yourself and those you care about – and even to position yourself to prosper through the coming challenges.

    Read More »

  • Daily Digest
    Image by reyner media, Flickr Creative Commons

    Daily Digest 9/2 – Scientists Warn UN of Capitalism’s Imminent Demise, Skim Reading Is The New Normal

    by DailyDigest

    Sunday, September 2, 2018, 3:53 PM

    4
    • Scientists Warn the UN of Capitalism's Imminent Demise
    • A deadly storm is coming in Syria 
    • Report: Trump Admin Denying Passports to Citizens Along Border
    • So Much for The Great California Bail Celebration
    • Elections board takes less than a minute to reject proposal to close 7 of 9 polling places in majority-black county 
    • Skim reading is the new normal. The effect on society is profound
    • Attention, Shoppers: Kroger Says It Is Phasing Out Plastic Bags
    • U.S. court orders Trump administration to enforce chemical safety rule

    Read More »

  • Blog
    Shutterstock

    What Could Pop The Everything Bubble?

    A crisis that can't be solved by just printing more dollars
    by Peak Prosperity Admin

    Saturday, October 28, 2017, 12:37 PM

    0

    Lorem ipsum dolor sit amet, consectetur adipisicing elit. Culpa animi quidem, quis rem, nam et amet! Sequi, dicta dignissimos eveniet? H1 Lorem ipsum dolor sit. H2 Lorem ipsum dolor sit. H3 Lorem ipsum dolor sit. H4 Lorem ipsum dolor sit. H5 Lorem ipsum dolor sit. H6 Lorem ipsum dolor sit. Blockquote Lorem ipsum dolor sit…

    Read More »

  • Blog
    Shutterstock

    What Could Pop The Everything Bubble?

    A crisis that can't be solved by just printing more dollars
    by charleshughsmith

    Saturday, October 28, 2017, 5:37 AM

    10

    The policy of creating trillions in new currency and buying trillions in assets has inflated an 'Everything' Bubble — a bubble in all the asset classes being supported or purchased by central banks and their proxies.

    Many observers wonder: What, if anything, can pop this?

    Read More »

  • Insider

    Fight Cage

    It's time we stop being the victims in this experiment
    by Chris Martenson

    Tuesday, February 7, 2017, 4:51 PM

    30

    To my eye, society is fraying apart. People are confused, angry, isolated, and increasingly willing to fight each other. Formerly peaceful resistance is turning into violence. Our baser emotions like fear, anger — rage, even– are now bubbling at the surface.

    It's entirely reasonable for people to be experiencing such emotions right now. But in most cases, their anger is misdirected.

    Enroll Now
    Or Sign In with your enrolled account.

    Read More »

  • Blog

    The Return of Dan Ariely: The Survey Results Are In

    by Adam Taggart

    Monday, February 7, 2011, 7:32 PM

    0

    Nearly a month ago, friend-of-the-site and renowned behavioral economics researcher Dan Ariely invited our readers to take part in one of his experiments. Readers were asked to fill out a survey that asked questions about a hypothetical country and the manner in which they would prefer to see wealth distributed within it.

    Nearly one thousand of you completed the survey and the ensuing discussion on the site was animated, to say the least. Many railed against the injustice of confiscatory tax codes and the lack of social mobility proposed within the study.

    Well, the results are in, and Dan explains below what he was testing for, how the survey was structured (Surprise! Many of you saw different versions than your peers), and the conclusions you helped his team reach regarding people’s perception of wealth inequality. Suffice it to say, you’re an admirably fair-minded bunch.  Here are the results:

    Read More »