SkewedA Little Story About You, the Capitalist. (Capitalism Can’t Be “Less Gr... 12 Flares Filament.io 12 Flares × Skewed News — More people lately are identifying capitalism as the underlying cause of our current global troubles and crises.
That’s certainly positive: the first step toward cure is a proper diagnosis. But most of the approaches being offered to treat the problem are placebos, an endless supply of ineffective remedies to “fix” or reform it, to make it “less greedy.” 12 photos the tech industry hopes you'll never see. Short Animation Explains Economics, War, Poverty And Terrorism…In Under 2 Min... Beat Kidz - Who did you exploit today? Overworked America: 12 Charts That Will Make Your Blood Boil. Looking for news you can trust?
Subscribe to our free newsletters. Want more rage? It's the Inequality, Stupid. Want more charts like these?
See our charts on the secrets of the jobless recovery, the richest 1 percent of Americans, and how the superwealthy beat the IRS. How Rich Are the Superrich? A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244. 2-minute Animation Explains How US "Aid" To Poor Countries Really Works AnonHQ. September 12th, 2015 | by CoNN Politics This video is an animated and summarized version of an interview with the author of “Confessions of an Economic Hit Man”.
The book written by a John Perkins a former “economic hitman” who used to work for the US government. Cracked. If you have any female friends on Facebook between the ages of 18 and 60, you are probably bombarded with offers from "independent salespeople" for makeup and jewelry and essential oils on a daily basis.
These schemes are HUGE right now, with 10 million people in the US (and 20 million worldwide) estimated to be involved with multi-level marketing (MLM) companies. The idea behind these businesses is simple: They sell you products, and then you try to sell them on to family and friends. You can also make more money by recruiting other sellers (your "downline") and getting a cut of the money they make. It all sounds great on the surface, but here's why you need to run screaming the next time someone brings up an amazing moneymaking opportunity you just have to hear about. #5.
How The Petrodollar Quietly Died, And Nobody Noticed. Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company - the end of the system that according to many has framed and facilitated the US Dollar's reserve currency status: the Petrodollar, or the world in which oil export countries would recycle the dollars they received in exchange for their oil exports, by purchasing more USD-denominated assets, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop.
As Reuters reports, for the first time in almost two decades, energy-exporting countries are set to pull their "petrodollars" out of world markets this year, citing a study by BNP Paribas (more details below). This decline follows years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Why The Great Petrodollar Unwind Could Be $2.5 Trillion Larger Than Anyone Th... Last weekend, we explained why it really all comes down to the death of the petrodollar.
China’s transition to a new currency regime was supposed to represent a move towards a greater role for the market in determining the exchange rate for the yuan. That’s not exactly what happened. As BNP’s Mole Hau hilariously described it last week, "whereas the daily fix was previously used to fix the spot rate, the PBoC now seemingly fixes the spot rate to determine the daily fix, [thus] the role of the market in determining the exchange rate has, if anything, been reduced in the short term.
" Inside Billionaire Bunkers: The World’s Largest Planned Doomsday Escape AnonHQ. September 7th, 2015 | by EV World As the 1% helps to systematically destroy the world with war, industry, and capitalism, many billionaires have been preparing for what very well may be the inevitable.
It would seem bunkers are now joining super-yachts as another pompous “must have,” and while this news doesn’t really come as a surprise (in fact, it’s to be expected), it doesn’t make it any less insulting considering the obscenely-wealthy have contributed large in part to the current state of affairs around the world. “Don’t Owe. Won’t Pay.” Everything You’ve Been Told About Debt Is Wrong by Ch... The legitimacy of a given social order rests on the legitimacy of its debts.
Even in ancient times this was so. In traditional cultures, debt in a broad sense—gifts to be reciprocated, memories of help rendered, obligations not yet fulfilled—was a glue that held society together. Everybody at one time or another owed something to someone else. Repayment of debt was inseparable from the meeting of social obligations; it resonated with the principles of fairness and gratitude. If one debt can be nullified, maybe all of them can.
Labor Day. It will take 100 years for the world’s poorest to earn $1.25 a day. If you follow international news you will be accustomed to headlines announcing that world leaders have succeeded in cutting global poverty in half over the past couple of decades.
Its sounds like brilliant news, but it’s just not true. The numbers have been furtively manipulated to make it seem as though our economic system is working for the majority of humanity when in fact it is not. The Next Time Someone Complains About Fast Food Workers Making $15/Hr, Show T... The next time one of your Facebook “friends” makes a disparaging post about the fight for a $15 an hour minimum wage, send them this article. Recently, someone posted a meme appearing to make fun of fast food workers demanding $15 an hour. A commenter named David responded by completely dismantling their argument, from both a factual and moral standpoint. “Guess what, the minimum wage is SUPPOSED to be a living wage,” David responded.
“Anyone who works 40 hours a week should be able to provide a good home for themselves and their family.” David also took apart the conventional argument that fast food jobs aren’t as “important” as 9-5 office jobs. The Story of Your Enslavement. 3M More US Kids in Poverty Than Before Recession. Around 3 million more children in the U.S. are living in poverty than at the beginning of the Great Recession — a worrying statistic that mutes much of the fanfare of the nation's economic turnaround, according to a report released Tuesday on child welfare. Twenty-two percent of U.S. children were living in poverty in 2013 compared with 18 percent in 2008, according to the Kids Count Data Book, an annual report that ranks states by the well-being of their children. It equates to an increase of 2.9 million children, according to census data from those years.
Poverty rates have nearly doubled among African-Americans and American Indians since 2008, and hardship is most severe in the South and Southwest, the report found. Meet the Burmese Punks Feeding Their Country's Homeless. Punks in Yangon handing out food to the city's homeless. Photos by Charlotte Bauer Every Monday night, a group of black-clad, silver-studded punks meet beneath the overpass bridge that crosses Sule Pagoda Road in downtown Yangon, to distribute food to people living on the streets.
On the evening VICE attended, even after the torrential monsoon rain had turned gutters into rivers, about 30 punks and hangers-on had gathered to help combat Yangon's rising homelessness crisis. Robert Reich: America is facing an economic apartheid. Almost lost by the wave of responses to the Supreme Court’s decisions last week upholding the Affordable Care Act and allowing gays and lesbians to marry was the significance of the Court’s third decision – on housing discrimination. In a 5-4 ruling, the Court found that the Fair Housing Act of 1968 requires plaintiffs to show only that the effect of a policy is discriminatory, not that defendants intended to discriminate.
The decision is important in the fight against economic apartheid in America – racial segregation on a much larger geographic scale than ever before. Story of Stuff (2007, OFFICIAL Version) Preparing for the Collapse of the Petrodollar System. This four part article series is available as a single full color 51 page PDF sent right to your inbox.Download it here absolutely free >> . Preparing for the Collapse of the Petrodollar System, Part 1 by Jerry Robinson.
Basic income: the world's simplest plan to end poverty, explained. IMF Report Admits IMF's Obsession with Capitalism Is Killing Prosperity. Telling Poor, Smart Kids That All It Takes Is Hard Work to Be as Successful a... The super-rich are taking us for a ride: The obscene concentration of wealth ...