When I watched this I was totally stunned. I did no think it is that worse and I wonder how it is in Europe. The top 1% in the USA own 40% of the total wealth.
Author: admin
Banks, Greed and selfies
Recently, banks got a huge fine of Euro 1.7 billion for the libor scandal/ fraud/ manipulations. If you do not know what the LIBOR (London Interbank Offered Rate) is – it is the inter bank interest rate hat is charged between banks. My own bank was also involved in the scandal and got a fine […]
The Hunger Games are real
Visit http://oddsinourfavor.org/ and join the resistance. Who controls the narrative? The rich and powerful tell us that if we put our heads down and work hard, we can overcome the odds and join the ranks of the victors — the wealthy and privileged few. However, it’s increasingly clear that the game is rigged, and that we have […]
Income Tax Inequality, Injustice and Systematic Evil from Monsato
The first video was recorded in 2005. The two richest people in the world – Bill Gates and Warren Buffet comment on their own tax rate. Warren Buffet at around 1:50m: “They have really taken care of the rich.” It is kind of modern sarcasm that the richest people tell us to tax them more as […]
The Pace of Consumption is Speeding Up
The pace of our consumption is pacing up. We consumer more food and resources in the past ten years then we did ever before. One factor is also that we gained market introduction effeciency – new things or innovation reach more people much quicker. I found to graphs showing this on HBR blog.
negative interests rate – winter is coming
If you have been following the economic news, you might have heard about Larry Summers speech at the IWF. He essentially says that to reach full employment we need a negative interest rate. Yes, you read that right. People hoarding money on bank accounts should be punished for saving. His argument makes a lot of […]
Climate Change – is it real?
If you are still doubting climate change, watch this time laps video of a glacier melting. In the last 10 years, this glacier has retreated more than it has over the past 100 years. Climate change is real – unfortunately.
23 Petty Crimes That Have Landed People in Prison for Life Without Parole
Just read an article that just makes you shake your head and wonder why the USA are spending about USD 40 billion per year on incarceration and here the list: Possessing a crack pipe Possessing a bottle cap containing a trace amount of heroin (too minute to be weighed) Having traces of cocaine in clothes […]
Occupy Wall Street activists buy $15m of Americans’ personal debt
The group has focussed on buying medical debt, and has acquired the $14.7m in three separate purchases, most recently purchasing the value of $13.5m on medical debt owed by 2,693 people across 45 states and Puerto Rico, Rolling Jubilee said in a press release. Read the full story at our friends from The Guardian. Wonderful result for […]
Questions
Some questions to answer for yourself. A Nazi killer responsible for at least 300 killings died in prison in Italy – does he deserve a proper funeral and ceremony ? Is it ok to tap the phone of Angela Merkel if would be President Obama? Are there actually people out there who would like to become […]