Authored by Charles Hugh Smith via OfTwoMinds blog,
These are the poisoned fruits of a neofeudal system in which power, wealth and political influence are concentrated in the apex of the wealth-power pyramid.
Authored by Michael Snyder via The Economic Collapse blog,
If the U.S. economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year?
Authored by Charles Hugh Smith via OfTwoMinds blog,
If the ownership of bitcoin is as concentrated as some estimate, then the liquidity issue distills down to the actions of the top tier of owners.
Authored by Charles Hugh Smith via OfTwoMinds blog,
If bitcoin can be converted into fiat currencies at a lower transaction cost than the fiat-to-fiat conversions made by banks and credit card companies, it's a superior means of exchange.
One of the most common comments I hear from bitcoin skeptics goes something like this: Bitcoin isn't real money until I can buy a cup of coffee with it.
Authored by Michael Snyder via The Economic Collapse blog,
Are you living paycheck to paycheck? If so, you are just like most other hard working Americans.