The 5 Percent Solution: How 5 Percent of the Workforce Generated 40 Percent of U.S. Business Profits and all of it was a Ponzi Scheme.
From 1948 to the early 1980s the financial industry in the U.S. generated from 5 to 15 percent of all U.S. business profits. In the early 1980s this started to creep higher and higher. It reached a triumphant climax generating over 40 percent of all U.S. profits at the height of our financial bubble. The [...]
Economic Backward System: Better News for Employment if you work in the Financial Sector and U.S. Dollar Means Bad News for Wall Street. Financial Sector adds 86,000 workers while Manufacturing Slashes another 41,000.
The drop in the unemployment rate I’m sure is taken as good news by any American. No one wants to see their neighbors, family members, or fellow citizens lose their jobs. Yet seeing that the unemployment rate dropped to 10 percent and the U-6 rate came down to 17.3 percent, it is important to see [...]
The Corporatocracy: A New Economic System for the Connected Banking Sector and Political Elites. Providing the new Serfdom Massive Debt Servitude.
The typical American family is struggling with the current recession and is having a hard time pinpointing the nexus of the problem. Some try to argue the failures of capitalism but our current system is more of a corporatocracy. A system designed for the few by the few. Even Adam Smith argued that society would [...]