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Alternative Visions – The Federal Reserve Hikes Interest Rates—What’s Behind the Decision – 03.17.17

The Fed raised interest rates again this past week. Jack explains it has little to do with it having reached its inflation or employment targets, but represents the major policy shift underway by US economic elites. From Fed low interest policy for eight years subsidizing stock, bond and financial assets—and thereby corporate and investor profits and incomes of the wealthiest 1%–the shift now underway is to subsidize profits and incomes of the 1% by cutting taxes, deregulation, and moderate infrastructure spending. Sustained low Fed rates were beginning to cause more instability in financial markets after 8 years. They played their part in boosting profits and incomes; now another policy ‘mix’ is emerging. Jack shows how Fed 2% inflation and job targets are phony justifications for Fed low rate policy continuation; how and why long term rates which the Fed doesn’t control will continue to rise, and what the global responses and effects in Europe, Japan and China will be to the new Fed direction. Will the Fed be used by the US economic elite to check Trump? Possibly.

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ROBBIE GRAMER – India Overtakes Britain as the World’s Sixth-Largest Economy

Score one for the post-colonial underdog. India’s economy has reportedly overtaken the United Kingdom’s for the first time in over 100 years, now standing as the world’s sixth-largest economy by GDP after the United States, China, Japan, Germany, and France. The milestone is a symbol of India’s rapid economic growth and, conversely, the U.K.’s post-Brexit slump. Economically, it’s been a …

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Junaid Ghoto – The Myth of India as an Upcoming Asian Economic Powerhouse. Rising Poverty and Social Inequality

Regret or not, but it is important to see where India stands today, the idea to write regarding this is to differentiate the illusion from fact and give reason so the sane understanding follows. A nation is called developing not because of its population, or defense budget, but how good the people fare in that country; it is about the …

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Expat Files – 12.09.16

#1- Part 3: The Decameron “all inclusive” Latin beach resorts revisited.
One of the least expensive “all inclusive” first-world style resort packages by far- and one place that almost no native born Americans have ever heard of- today we explore their Special Membership Club package in more detail. We find out how much it really costs to retire and live at one or more of these resorts year round including the add on’s and extras you should be aware of before signing on the dotted line.

Expat Files – 12.04.16

#2- The Decameron “all inclusive” Latin beach resorts revisited: Part 2
Considered to be the least expensive “all inclusive” first-world style resort package in the world that most first-world people have ever heard about. Today we’ll explore the how the sales reps sell you the club packages/plans and what to look out for and what will best serve your needs.

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Bill Black: Debt Derangement Syndrome – Saving Our Grandkids from Wall Street

This is Naked Capitalism fundraising week. 1320 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in financial realm. Please join us and participate via our Tip Jar, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what we’ve accomplished in the last year, and our fifth goal, more …