TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
A new study by the Boston Consulting Group has found that while wealth inequality is growing on a global scale, it has kicked into overdrive in the United States – where America’s 1% are expected to control 70 percent of the nation’s private wealth by the year 2021. America’s rich just won’t quit getting richer, Read More…
Last week we reported that as Illinois, a state which now faces over $15 billion in backlogged bills, struggles over the next two weeks to somehow come up with its first budget in three years ahead of a June 30 fiscal year end, and faces an imminent ratings downgrade to junk – the first ever Read More…
The Federal Reserve in the United States just released a new report showing that “Total Household Wealth” in the United States has reached a record $94.8 trillion. That’s an impressive figure. Even more impressive is that Total Household Wealth has increased by $40 trillion since the lows of the Great Recession in 2009. No doubt Read More…
The only way to rebuild a Common Good is to radically decentralize political, financial and media concentrations of ownership and power. The theory of American civics is that the competitive process of every group advocating for its narrow self-interests will magically generate the Common Good, that is, a political and social order that serves everyone’s Read More…
As Iran grapples with a rising death toll following ISIS-affiliated terrorist attacks on its own soil, both its political class and citizenry have to deal with more than just a lack of sympathy from the American legislature. From the Intercept: “In the wake of an alleged ISIS terrorist attack on the Iranian parliament, the U.S. Read More…
Several U.S. states and the federal government are hopelessly insolvent. It’s something many bullion investors have known for years. The real question is when this reality will pierce the mainstream illusion that deficits, and the crushing pile of debt which accompany them, don’t matter. That moment drew closer last week when ratings agencies downgraded Illinois Read More…