During the post war Golden Age, from 1950 to 1973, US median real wages more than doubled. Today, they are lower than they were when … How to Use Fiscal and Monetary Policy to Make Us Rich AgainRead more
Finance
Posted inFinance / Financial crisis / ToMl
How Capitalist Central Banks Have Been Creating the Next Financial Crisis
As central bankers, finance ministers, and government policy makers head off to their annual gathering at Jackson Hole, Wyoming, this August, 24-26, 2017, the key … How Capitalist Central Banks Have Been Creating the Next Financial CrisisRead more
Posted inBank / Economics / Finance / PM
85% of MPs don’t know where money comes from
Only 15% of MPs were aware that new money is created when banks make loans, and existing money is destroyed when members of the public … 85% of MPs don’t know where money comes fromRead more
Posted inEconomics / Finance / ToMl
The real economy has little to gain, and much to lose
When tighter regulations were imposed on the banks after the Financial Crisis, the largest among them, the very ones that threatened to bring down the … The real economy has little to gain, and much to loseRead more
Posted inFinance / ToMl
Visa Trying to Bribe Merchants to Stop Taking Cash
The war on cash is escalating. A big driver isn’t central banks who want to be able to inflict negative interest rates on savers, or … Visa Trying to Bribe Merchants to Stop Taking CashRead more
Posted inFinance / ToMl
VISA takes its War on Cash to US Retailers
“We’re focused on putting cash out of business,” Visa’s new CEO Al Kelly said on June 22 at Visa Investor Day. Pushing consumers into digital … VISA takes its War on Cash to US RetailersRead more
Posted inCorruption / Finance / News
Equifax Executives Sold $1.8M in Stock Before Disclosing Massive Data Breach
the credit reporting agency Equifax said Thursday that a software vulnerability left personal information for 143 million people exposed to hackers, in one of the … Equifax Executives Sold $1.8M in Stock Before Disclosing Massive Data BreachRead more
Posted inFinance / Hindutva / India
RBI Data Confirms Note Ban was a Total Failure
In a severe jolt to the Modi sarkar’s tall claims that last year’s note ban had destroyed black money in India, recently released data from … RBI Data Confirms Note Ban was a Total FailureRead more
Posted inCorruption / Finance / News
Ex-Banker Gets 7 Years in Prison for Taking Bribes While African Minister
A Guinea-born former Wall Street banker was sentenced to seven years in prison for laundering $8.5 million in bribes that he took while a government … Ex-Banker Gets 7 Years in Prison for Taking Bribes While African MinisterRead more