Category: Economics/Class Relations

What Is Programmable Money?

The Corbett Report by James Corbett corbettreport.com October 15, 2022 There are 3 types of people in this world. There are those who read that SWIFT has “solve[d] the significant challenge of interoperability in cross-border transactions by bridging between different distributed ledger technology (DLT) networks and existing payment […]

50 companies that are changing the world

Fortune Earlier this week, I attended Fortune‘s 24th Most Powerful Women Summit in Laguna Niguel, Calif. It was electric, buzzing with top executives across venture, politics, finance, and technology. In a conversation with Marne Levine, Meta’s chief business officer and highest-ranking woman, we discussed Mark Zuckerberg’s metaverse future […]

Banks on the Brink: Is Your Money Safe?

By Stefan Gleason, Money Metals Exchange Money Metals The global fractional-reserve banking system is teetering on the brink of failure. Financial strains are exposing major banks as under-capitalized and ill prepared to weather additional strains from high inflation, rising interest rates, and a weakening economy. Banks operating outside […]

Gaslighting On Gas Prices

How do politicians get away with blaming others for the consequences of their policies? Michael Shellenberger In response to $6 per gallon gasoline prices, which are nearly 70% higher than the $3.81 national average, California Governor Gavin Newsom will convene a special session of the state legislature in […]

Biden Is Failing The World

The world desperately needs energy and yet President Joe Biden is preventing sufficient quantities of oil and gas from being produced. Michael Shellenberger Below is the written transcript of the above video. Additional slides and graphs are in the video. Many people in the U.S. are still unaware […]

Elon Musk says his teenage daughter doesn’t want to be associated with him because of what he calls ‘full-on communism’ taught in schools and widespread hatred of the wealthy

By Avery Hartmans Insider Elon Musk said “full-on communism” taught in schools led to his estrangement from his teenage daughter. There’s “a general sentiment that if you’re rich, you’re evil,” Musk told the Financial Times. Musk’s daughter recently filed to change her name, saying she doesn’t want to […]

Fanaticism of the Apocalypse

As Europeans burn garbage to stay warm, climate activists step up the war on natural gas Michael Shellenberger Members of Extinction Rebellion called on African leaders to end the production of natural gas in Cape Town, South Africa on October 4, 2022. (Photo by Brenton Geach/Gallo Images via […]

OPEC Announces Production Cuts

by Peter Zeihan on October 6, 2022 The Organization of Petroleum Exporting Countries (OPEC) and Russia announced yesterday that they would be cutting back daily oil production to the tune of about two million barrels per day to help shore up oil prices. I would be more concerned […]

Wharton Professor Jeremy Siegel says he’s disturbed by the Fed’s groupthink as there are no members who have dissented with Powell’s hawkishness

Business Insider Wharton Professor Jeremy Siegel says he’s disturbed by the Fed’s groupthink as there are no members who have dissented with Powell’s hawkishness “Their talking points are getting them into the feeling that the only thing we have to do now is kill inflation no matter what […]

Peter Thiel’s Theory of California: Has tech wealth turned California into a one-party state?

By Justin Murphy I’m constantly hearing about California’s acute mismanagement problems, but I haven’t heard any good, general theories of what’s going on. Until recently. Many of California’s issues have become nation-wide talking points: Extreme homelessness, high taxes causing migration to Texas and Florida, viral videos of mobs […]

Why Does Business Want a Recession?

Workers, angry and resentful after decades of frozen real wages and merciless downsizing, are becoming demanding. Ted Rall LA Progressive Give Jerome Powell credit for candor: the Fed chairman admits that his policy of increasing interest rates to fight inflation might push the economy into a recession. “No […]

Howard Schultz is stepping down this month as Starbucks CEO. He joins a growing list of executive departures in 2022, including Meta’s Sheryl Sandberg and a slew of retail CEOs.

Business Insider Howard Schultz is stepping down this month as Starbucks CEO. He joins a growing list of executive departures in 2022, including Meta’s Sheryl Sandberg and a slew of retail CEOs. Howard Schultz is just one big-name executive who announced they’re quitting this year. See some others, […]

London Bridge Is Falling Down

by Peter Zeihan on October 3, 2022 Last week (when the following video was recorded) saw the British Pound get pummeled by global markets following the announcement of the Truss’ governments “mini-budget.” The Bank of England intervened to help support the currency while newly-instated Prime Minister Liz Truss […]

Amazon analyst said he ‘fell asleep’ watching the company’s LOTR ‘Rings of Power’ TV show, making him even more worried the $1 billion project may be a bust

Business Insider Amazon analyst said he ‘fell asleep’ watching the company’s LOTR ‘Rings of Power’ TV show, making him even more worried the $1 billion project may be a bust Amazon’s ‘Rings of Power’ series has received poor reviews from users online, though some of that has been […]

25 Best Places to Live for Families

By Shontel Alyson, Fortune October 1, 2022 A NOTE FROM OUR EDITOR-IN-CHIEF ALYSON SHONTELL Nearly half of Americans are stuck in the middle—caring for their own children along with their aging parents.   Members of this so-called “sandwich generation” are shouldering greater financial burdens and bearing the emotional […]

Amazon analyst said he ‘fell asleep’ watching the company’s LOTR ‘Rings of Power’ TV show, making him even more worried the $1 billion project may be a bust

Amazon analyst said he ‘fell asleep’ watching the company’s LOTR ‘Rings of Power’ TV show, making him even more worried the $1 billion project may be a bust Amazon’s ‘Rings of Power’ series has received poor reviews from users online, though some of that has been ‘review bombing.’ […]

Class Homicide

By Joel Kotkin There’s much talk today, from left and right, about threats to democracy, yet little focus on the social dynamic critical to its survival. In this respect, we may see the current, and troubling, escalation of violent political rhetoric, and even political violence, not so much […]

Newly revealed private texts show Jack Dorsey tried to get Elon Musk involved with Twitter at least a year before the $44 billion deal. ‘I trust you,’ Dorsey wrote.

Business Insider Newly revealed private texts show Jack Dorsey tried to get Elon Musk involved with Twitter at least a year before the $44 billion deal. ‘I trust you,’ Dorsey wrote. A trove of private texts between Elon Musk and notable figures in business and tech is part […]

Best Workplaces for Women

Fortune Learn more from Fortune’s Women in the Workplace coverage 4 ways to create workplaces women won’t want to leave 100 Best Large Workplaces for Women Women are reentering the workplace, but employers will have to do more for them to stick around 25 Best Small and Medium […]

Unsound Money Is to Blame

By Jon Forrest Little, Money Metals Exchange Money Metals “All tyrannies rule through fraud and force, but once fraud is exposed, they must rely exclusively on force.” — George Orwell With markets in turmoil, it’s becoming increasingly obvious that systemic economic risk is rising. What’s less obvious – […]

American Airlines passengers report ‘unnerving’ groans and moaning noises from PA system that sound ‘somewhere between an orgasm and vomiting’

Business Insider American Airlines passengers report ‘unnerving’ groans and moaning noises from PA system that sound ‘somewhere between an orgasm and vomiting’ Passengers on at least three separate flights say they experienced the bizarre noises on recent trips, and the airline is currently investigating. READ MORE A 44-year-old […]

The climate crisis and the energy transition are exacerbating inequality, putting those least responsible in the worst position

The climate crisis and the energy transition are exacerbating inequality, putting those least responsible in the worst position Leaders gathered for the United Nations General Assembly and Climate Week blamed the climate crisis and the energy transition for fanning inequality. READ MORE A 44-year-old mom of 3 made […]