“Rich dad poor dad” author warns about a new economic crisis
Financial expert and Rich Dad Company co-founder Robert Kiyosaki, known for predicting Lehman Brothers’ collapse, is raising concerns about America’s dire financial situation. Speaking on “Cavuto: Coast to Coast,” Kiyosaki…
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Government spending drives growth, consumption decreases
This year’s growth has nothing to do with increased wealth for all. Federal budget and inflation maintain a persuasive illusion. That’s why it’s extremely difficult for all to enforce the…
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Economy beats expectations, interest rates stay stable
Federal Reserve officials have chosen to maintain the current benchmark interest rate, stating concerns about tighter financial conditions affecting economic activity, employment, and inflation. The Fed’s decision keeps the benchmark…
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Historic mass auto workers strike
We don’t need communists to disrupt national production. We can make a mess of thing all by ourselves! Corporate greed, state neglect (“deplorables” and “globalization losers” are still very much…
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Japan sees potential end to 25-year-old deflation
Because of its unique characteristics (extremely large but largely domestic debt per capita, persistent deflation etc), the Japanese economy may benefit from the global inflation Japan is potentially entering a…
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Government fails to grasp this simple concept about CPI
Inflation = printing money (check) + expectations (check). Everything else is just propaganda. Believe your own bank accounts. In July, government data revealed a 3.2% annual rise in inflation, surpassing…
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According to FED, there’s no longer an imminent recession…
Or they are just trying to hide their desperation about the “inflation or recession” dilemma they imposed on themselves! Federal Reserve Chairman, Jerome Powell, stated that the latest economic data…
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