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Echoes of the Civil War are still being felt today. Although the negative impacts of slavery were outlawed years ago, the rise of automation brings to bear many of the same economic issues. Let me explain further by proposing a thought experiment. Suppose the South won the Civil War, and

Nixon’s Devastating Legacy

In 1971, President Nixon permanently dislodged the USD from the gold standard, ending nearly forty years of global monetary policy in which the USD was equal to a fixed price for gold. In its place, Nixon decided to introduce a floating currency exchange system called Fiat which remains in place

The Perils of Worklessness

America is creating wealth and not working for it.  Even on the surface this statement seems dangerous, but most people can see that its true.  Many companies are worth billions of dollars as startups.  Take the example of Facebook acquiring Instagram for 4-billion-dollars while it only had 16 employees.  This

In Politics It’s All The Same

You may have heard the expression that ‘there is no difference between Democrats and Republicans’. You may also have defended either side as different. Perhaps you have called Democrats socialists or perhaps you have called Republicans fascists. Or worse, perhaps you do, or do not, support Donald Trump. There are

We live in an economic system engineered to prop up the financial class. Many pockets of everyday life could be optimized if it were not for structural constraints put in place by the bankers, stock brokers, and Federal monetary policy. Take your mortgage for example. Imagine if bankers changed the terms

The issue at the root of the American economy is cheap lending practices. When Nixon ended the gold standard in 1971, it marked the end of limitations on borrowing. Since then, corporations have been able to borrow from banks without any quantitative limitation. What Does This Mean for the Labor Class?

During Abraham Lincoln’s reign, America’s national bank went bankrupt. Was our economic system better before? And how did the bankers get so invested in the Federal Reserve? In 1913, the Federal government created the Federal Reserve to stabilize the American economy. It was America’s first central bank, and before long

Free Market Farce

It only seems appropriate that the land of the free should have free markets. The idea behind free markets is to keep the government from intervening in business matters. Free markets create competition between companies. Consumers are free to shop at the businesses that meet their needs — quality products,

Why Democracy Has Lost Its Value

Political movements encourage people to vote. “Vote! Get out and vote!” they shout. The same edicts are repeated over and over as if democracy itself depends on it. Yet, nothing...

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Where is the Technology Train Going?

Ever wonder where all these ‘technological advancements’ are heading? Hint: NOT humanity. Technology is a product of the banking industry. It is only deployed when it can return the initial...

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The Unrealistic Wealth of Our Nation

The great economist and social philosopher Adam Smith famously observed, at the beginning of the Industrial Revolution, that the productivity of its people are the wealth of a nation. Precisely!...

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The Truth About Getting Rich

Self-proclaimed experts love to share their “get rich” success stories. They build hype and offer flashy guarantees to get you shelling out cash for their books, tapes, and seminars. “Buy...

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