25 May 2019

Why the U.S. Political System Is Corrupt and How To Fix It

Here is why the U.S> political system became so corrupt, and how it got a corrupt businessman elected president of the U.S.

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24 May 2019

A Sad Snapshot of U.S. Household Income Distribution

      How bad is the wealth disparity in the U.S.? This chart should help explain it.  

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05 May 2019

The Real Measure of American Prosperity: Retirement Security

        Political commentators and the financial media are breathless over the latest economic numbers showing the lowest jobless rate in 49 years, but there is a big problem:  These are quarterly, short-term numbers, and they do not indicate the financial health of the average American. If they

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13 Apr 2019

Jamie Dimon Shows His Sense of Entitlement; He Is No Average American

        JP Morgan CEO Jamie Dimon (salary: about $21 million annually) knows a lot about banking, but not much about how average people manage their finances, including a minimum wage teller who works for his bank. In this interesting video exchange, Dimon is dumbfounded when asked how

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09 Apr 2019

When Financial Advisors Lack Political Sense, Fire Them

        A new survey from the Insured Retirement Institute (IRI) found that 55% of Baby Boomers had retirement savings today. In 2011, the study found that 75% of Boomers had retirement savings. Worse, among this current group, 50% have less than $250,000 in retirement accounts. Depressing surveys

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14 Mar 2019

Trump’s Capitalism Goes on Trial—Part 2

  In a single week in March 2019, Americans were treated to an unprecedented college admission bribery scandal, the lenient sentencing of Trump’s campaign manager on tax evasion, and Republican plans to cut the pensions of thousands of federal employees, accompanied by proposed decreases in Medicare and Medicaid budgets. These

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07 Mar 2019

U.S Chamber of Commerce Sees National Political Mood Shifting—Asks Congress to “Govern from the Center”

        In a dramatic departure from its past, the nation’s most reactionary, conservative and largest business lobbying group is responding to changes in Washington and calling on Congress to work together and “govern from the center.” In an NPR radio interview today, the chairman of the U.S.

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06 Mar 2019

Wall Street’s Shady Financial Activities Still Continue

      Some of the biggest financial institutions and trading firms on Wall Street are incorrigible. A decade after the 2008 market crash, some of Wall Street’s largest trading firms continue to operate in the shadows, manipulate markets and re-write the rules of swaps payments when they have the

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21 Feb 2019

Dems Should Expect Vicious Attacks From Republican Forces

“I am running for president, but this won’t be easy. We’ll be taking on the entire financial establishment and a corporate media who have long dismissed us and our ideas as ‘radical’ and ‘fringe.’” –Bernie Sanders (Ind-VT) and Democratic Presidential Candidate       Bernie Sanders is a clear, direct

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19 Feb 2019

Kamala Harris and Now Beto, Falter and Become Defenders of Capitalism

        UPDATED, MARCH 14, 2019–In his announcement today saying he was entering the 2020 presidential race, Congressman Beto O’Rourke (D-Texas) dispelled his maverick image by saying he was a capitalist. In his announcement, O’Rourke, who has few legislative accomplishment to tout, said “”I’m a capitalist. I don’t

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