Monday , 29 May 2023


New Reality: Earnings of +$126,000/yr. Now Required To Be Considered Middle Class (+2K Views)

The Pew Research Center’s recent report says that 49% of adults are members of the Great American Middle Class. My more qualitative analysis suggests that no more than 33% of U.S. households qualify as middle class. Claiming that 49% of the nation’s households are still middle class is a gross exaggeration and I substantiate my contention in this most interesting and revealing article.

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Europe Introduced Bank “Bail-In” System Jan.1st – Can the U.S. Be Far Behind? (+2K Views)

On January 1st, 2016, a new bail-in system will go into effect for all European banks which means that, if you have more than 100,000 euros in a European bank right now, you are potentially on the hook should that bank go under. In the U.S. the Federal Reserve recently adopted a new rule that limits its ability to lend emergency money to banks. Is that the first step to European style bank "bail-in" legislation being enacted in America?

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Americans Abroad: The Ugly Facts of FACTA

In 2011, the IRS introduced the Foreign Account Compliance Act, or FACTA to “minimize tax cheats” but in doing so FACTA is making banking - and life in general- painfully difficult for millions of American expats. The affects of FACTA are illustrated in the following infographic.

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Piling On Debt Has Destroyed the “American Dream” – Here’s Why

The American Dream--characterized by plentiful jobs offering living wages, security and opportunities to get ahead--is over....Piling on debt is not a solution; it's simply a politically expedient method to forestall the crisis, while guaranteeing the eventual repricing will be even more severe because the debt load is then so much larger. If you think otherwise, I strongly recommend that you reduce your dosage of Delusionol.

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“Hot Money” Growing at 6.5% Annually – Here are the Culprits

Every year, roughly $1 trillion in "hot money" flows illegally out of developing and emerging economies due to crime, corruption, and tax evasion growing at an average rate of 6.5% annually (and at an 8.6% clip in Asia). China, Russia, Mexico and India lead the way as depicted in the following infographic.

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