The capitalist class, in the despair of its approaching doom, misrepresents socialism as an arbitrary scheme of society, whose adoption would destroy individuality!
Sailing Under False Colors
Tag: Bonds
Raising Social Security’s retirement age would slam low-wage workers yet again
A proposal by Sens. Angus King (I-ME) and Bill Cassidy (R-LA) to raise the Social Security retirement age to 70 would be a massive benefit cut, particularly affecting low-wage workers. If Congress enacts it, millions more Social Security taxpayers would not live long enough to collect a cent in retirement benefits.
Raising Social Security’s retirement age would slam low-wage workers yet again
Related:
Social Security Solvency: Raised Retirement Age More Likely as Congress Fails to Compromise
Michael Hudson: Why the US banking system is breaking up
Economist Michael Hudson responds to the collapse of Silicon Valley Bank, and explains the similarities with the 2008 financial crash and the savings and loan crisis of the 1980s.
Michael Hudson: Why the US banking system is breaking up
Truth: Recession is HERE & Will Last for a While!!
Oct 3, 2022 – Why Are Walmart & Other Major US Retailers Canceling Billions of Dollars in Orders as Summer Comes to an end? Do they know something we don’t!
One thing is sure: Recession is already here, and Govs need to stop lying about it!!!
Truth: Recession is HERE & Will Last for a While!! via The Geopolitics In Conflict Show
US Federal Reserve Says Its Goal Is ‘To Get Wages Down’
The chairman of the US Federal Reserve, Jerome Powell, said his goal is “to get wages down.”
US Federal Reserve Says Its Goal Is ‘To Get Wages Down’
H/T: THE NEW DARK AGE
Here’s why the Evergrande crisis is not China’s ‘Lehman moment’
The top 1% of households own 43% of global wealth, 10% owns 81%, while the bottom 50% have just 1%
The top 1% of households globally own 43% of all personal wealth while the bottom 50% have only 1%. The 1% are all millionaires in net wealth (after debt) and there are 52m of them. Within this 1%, there are 175,000 ultra-wealthy people with over $50m in net wealth – that’s a miniscule number of people (less than 0.1%) owning 25% of the world’s wealth!
The top 1% of households own 43% of global wealth, 10% owns 81%, while the bottom 50% have just 1%
Europe’s Dream Of Safe Assets to Rival Treasuries Gets Boost
Europe’s Dream Of Safe Assets to Rival Treasuries Gets Boost
A European benchmark is also seen as a key part of Europe’s ambition to challenge the dollar’s global dominance, and boost the role of the euro as an international reserve currency.
Ms. Cat’s Chronicles 