Central banks are meddling behind the scenes, artificially reflating companies that have not ever made a penny of profit, floating for eye-watering sums. When everybody is thinking the same thing, it is likely that no one is really thinking at all. Co-founder and presenter, Ross Ashcroft interviews investor, hedge fund manager and author of Planet Ponzi, Mitch Feierstein.
Hillary Clinton’s denial tour of America demonstrates she still hasn’t learned the key lesson of the election. Her book is a series of specious arguments for the dim-witted, filled to the brim with excuses and lies that embodies Washington’s pay-to-play swamp culture. This is precisely why nothing ever gets done in DC —politicians get paid off and everyone else gets screwed.
After the Global Financial Crisis, developed countries all over the world have created housing bubbles to prop-up their ailing economies, driving up prices, forever locking young people out of the market, diminishing their chance of financial security. You would be forgiven for thinking housing is the problem. In reality the problem is not housing but land. We explore why a land value tax is the only way to ensure prosperity for future generations.
Your car gets counted once when it is built, not when it is driven. Your clothes, your bicycle, your furniture, all get counted once when they are manufactured, and not again when they are worn, ridden, or sat on. But homes are counted twice in GDP, writes Dr Cameron Murray: Once when they are constructed, and again when they are occupied. If we are going to count housing in GDP, shouldn’t we count it just once?
It is possible to condemn the influence of America and the IMF plundering Venezuela’s election and economy while simultaneously remaining critical of the shortcomings of all nationalist programs in an imperialist world, even as we stand shoulder-to-shoulder with those united under their banners.