Category Filter: News

Five Stunning Facts About America’s Prison System You Haven’t Heard

We’ve done several exposés on the prison system in America, including The Prison System Runs Amok, Expands at Frightening Pace (Sept 6, 2012) and Selling the American Dream is the Biggest Market of All (Sept. 30, 2013), but there’s still much more to be said about this topic. America’s massive prison system is creating a long list [...]

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Updated Healthcare Spending Graphs Are as Bleak as Ever

In 2012, I created this chart, which mapped out US federal government spending on healthcare from 1960 to the Congressional Budget Office’s projections up to 2022, which was the most recent data they had available at the time.  For a while now, I’ve wanted to update that chart to address some criticisms people had.
First, I [...]

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US Government is Partially Responsible for Philip Seymour Hoffman’s Death

Yesterday, on the eve of the nation’s most celebrated spectacle, the Super Bowl, it was announced that actor Philip Seymour Hoffman had died from a heroine overdose, reportedly with the needle still in his arm. Of course, Hoffman is responsible for his own actions, especially given that he had numerous opportunities to benefit from rehab [...]

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Poland Confiscates Retirement Accounts and Yes, It’s Coming Here

Poland recently announced that it was nationalizing the country’s private retirement accounts, their equivallent of 401(k)s. While residents will continue to have access to the funds just as they normally would, the move places private assets on the country’s public balance sheet. While this maneuver was in the works for sometime, of course, the devil [...]

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The Earth-Shattering Whistleblower You Haven’t Heard About

While many in the nation are concerned with Edward Snowden, the National Security Agency (NSA) leaker who helped to spread the word about the agency’s spying and data collection within the US, the extent of that spying still remains clouded. Are our calls actually being recorded? Can that information be recalled at a later date? [...]

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US, UK, and Canada Have Plan To Allow Banks to Seize Depositor Accounts

In our last story, we noted how government backed loans in the housing market encourages rising home and rent prices throughout the nation, a transfer of wealth from almost every single American to various establishment organizations. Now we have another example of banks transferring risk to the taxpayer.
The term “Too Big To Fail” should have [...]

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Walmart and Other Retailers See Falling Sales

Bloomberg has a stunning story out about Walmart’s dropping sales figures. In it, they cite leaked internal emails between company executives where they describe in plain language how bad sales are. The emails are only a few days old. Here are some quotes:
On February 12, Jerry Murray, Walmart’s vice president of finance and logistics, wrote:
“In [...]

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The Prison System Runs Amok, Expands at Frightening Pace

In the early 1970s, the prison population in the United States was small and was steadily falling relative to the size of the population. Experts imagined that in a few decades, the prison system as we know it could be successfully dismantled, but that began to change after President Nixon began the War on Drugs in 1971, [...]

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The Healthcare Industry is Doomed to Collapse

Indeed it is and it will take with it any sucker foolish enough to enter the industry. Like the housing bubble and the dot-com boom, its collapse goes against all conventional and establishment thinking, but it’s an easy call to make if you examine the evidence.
At first, the industry looks healthy, robust and likely to [...]

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States Hand Over Tax Refund Management to JP Morgan

Just weeks before it was revealed JP Morgan Chase lost billions in “hedge” trading and speculation, it was announced that the bank has a new deal with Connecticut, Louisiana and other states to financialize their tax returns.
Instead of residents receiving a tax refund check directly from the government, they will be required to accept payment [...]

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