As the US runs out of concrete resources to sell, bankers have had to get clever – whether this means repackaging assets already sold six times over or inventing new ways to cash in on items once considered intangible. By the time Americans realized that the promised ‘trickle-down’ theory of neoliberal economics was in fact […]
Capitalism has made us cruel. My brother just tested positive for Covid. He can’t smell or taste anything. He feels exhausted. He got it from work. It’s the only place he’s gone for the last year— no friends, no dating, no social life. They wouldn’t give him time off to get vaccinated. They’ve dumped overtime […]
Debates in Congress over a new COVID-19 relief bill have dragged on for months, even as new coronavirus cases have hit record highs. A slew of federal programs designed to alleviate the economic impacts of pandemic shutdowns will expire in weeks, setting the stage for a series of crises that could leave millions more in […]
In this episode of the Keiser Report, Max and Stacy look at the accumulation of debt in the United States in memory of David Graeber, author of ‘Debt: The First 5,000 Years’. Max also talks to Otavio ‘Tavi’ Costa, portfolio manager at Crescat Capital, about credit exhaustion among other things. They point out that the […]
America is not based on hard work. Get it out of your head that this society is set up to be fair. Fair would be everyone with a roof over their head. Congress’s inability to actually represent the real-live human beings of America, combined with an economic system that rewards lack of empathy and an […]
How Much Is Really a ‘Living Wage’ in Every State? Can you afford to live where you are? The answer depends on two factors — your earnings and the cost of living in your area. The federal minimum wage in the United States is $7.25 per hour. Some states and a few cities set their […]
The coronavirus pandemic is likely to spark an unprecedented fall in global trade as well as an economic crisis rivaling the Great Depression, the head of the World Trade Organization (WTO) has warned. “We confront what may well be the deepest economic downturn of our lifetimes,” the organization’s Director General Roberto Azevedo said in a […]
Most major global economies have already been affected by the outbreak, which has forced many workers to stay in their homes and almost entirely dried up the restaurant and hospitality industries. The US economy is facing the prospect of sustaining a heavier blow from the COVID-19 coronavirus outbreak than it suffered from the financial crisis […]
Last week, the IMF issued a stark warning about the global economy. While most large Western states are vulnerable to a new crisis, Russia has prepared its defenses. Kristalina Georgieva isn’t any sort of conspiracy theorist; she’s the head of the International Monetary Fund. And when she warns that the global economy risks another “Great […]
It sounds almost unbelievable, but a number of US citizens are deciding to cash out of the elusive ‘American dream’ as they settle down in foreign places, such as Vietnam, where many of them were once loathed as invaders. Vietnam, Laos, Cambodia. For many Americans, those names invoke powerful memories and images of unspeakable violence, […]
Forecasting the imminent demise of European banks, an expert talks RT’s Keiser Report through last week’s repo market meltdown and what it may indicate. “The treasuries that settled last week didn’t go well on the funding market – the Fed had to step in and do a $75 billion repo facility on an overnight basis […]
The Trump administration wants to redefine the poverty level, which would kick hundreds of thousands with marginal incomes off welfare, while simultaneously reducing poverty rates in America.
KOMO’s Eric Johnson explores the impact the drug and homelessness problem is having on the city and possible solutions in this documentary titled, “Seattle is Dying.” “Let me ask you something. What if Seattle is dying and we don’t even know it?” Johnson asks in the introduction. “This story is about a wave of seething […]
The gap between the super-rich and the rest of the world has never been wider, with 26 people now owning the same amount of wealth as 3.8 billion of the less privileged, global charity Oxfam said in a new report.
The US economy is booming – but fewer and fewer are reaping the benefits. The Keiser Report crunched the numbers behind America’s dwindling middle class, and warned that the country’s young are in for a rough, debt-ridden future.