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China Challenges US Dollar Hegemony, Seeks New Global Financial Order

During the first Annual Summit organized by the Asian Infrastructure Investment Bank (AIIB) in Beijing, China has shown her intention to take over the global leadership in infrastructure investment. By the end of this year, AIIB would have more than 100 members, making it the first lending institution in multilateral loans in history, under the control of the most important …

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Michael Snyder – The Percentage Of Working Age Men That Do Not Have A Job Is Similar To The Great Depression

Why are so many men in their prime working years unemployed?  The Obama administration would have us believe that unemployment is low in this country, but that is not true at all.  In fact, one author quoted by NPR says that “it’s kind of worse than it was in the depression in 1940″.  Most Americans don’t realize this, but more men from …

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Gar Alperovitz – 6 Ways We’re Already Leading an Economic Revolution

Many years ago, while researching the history of the U.S. decision to use atomic weapons on the people of Japan, I came to understand something: There was something deep at work in the American political and economic system driving it toward relentless expansion and a dangerous, informal imperialism. I began thinking about how to fundamentally change America out of concern …

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Michael Snyder – The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst

Do you remember the subprime mortgage meltdown from the last financial crisis?  Well, this time around we are facing a subprime auto loan meltdown.  In recent years, auto lenders have become more and more aggressive, and they have been increasingly willing to lend money to people that should not be borrowing money to buy a new vehicle under any circumstances.  …

Obama Admin. Unveils New Policy Easing Medical Marijuana Prosecutions

New Study Reveals Medical Marijuana Saves Over $165 Million In Annual Medicare Costs In United States

Marijuana is dramatically gaining acceptance among the American public. Recently, a new poll by Gallup revealed that the percentage of American adults who smoke marijuana has nearly doubled in three years. According to the Gallup poll published in August 2016, among the American adults who participated in the survey, one in eight – representing 13% of the respondents used in the poll – …

February 1781:  American landlady and patriot Mrs Elizabeth Steele exhorts military commander Nathanael Greene (1742 - 1786) to accept a gift of money to aid the war effort during the American War of Independence. Steele, a Continental soldier, had stopped at her inn in Salisbury, South Carolina, but had no money to pay for his keep. Original Artwork: Engraving after original work by Alonzo Chappel.  (Photo by Hulton Archive/Getty Images)

Sam Becker – How Much Money Does the Average American Have in Their Bank Account?

Despite living in what is likely the wealthiest nation to ever have existed, Americans sure are having a hard time getting by. As most people are well aware of at this point, wage stagnation and numerous structural economic changes over the years have led to a shrinking middle class, fewer and fewer “good” jobs, and calls for political policies that were once thought …

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Alexa Clay – A New Economic Vision That Mixes Together Occupy, Amish Culture, and Startups

t feels we are in a time of increasing cultural polarization, marked by the refugee crisis in Europe, the staunch divide of U.S. domestic politics, and the growing disenchantment of millennials with traditional institutions. Now, as we fall victim to the cultural bubbles we live in—the walled echo chambers of opinion that make up our social networks—we need to be …

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James B. Steele and Lance Williams – WHO GOT RICH OFF THE STUDENT DEBT CRISIS

A generation ago, Congress privatized a student loan program intended to give more Americans access to higher education. In its place, lawmakers created another profit center for Wall Street and a system of college finance that has fed the nation’s cycle of inequality. Step by step, Congress has enacted one law after another to make student debt the worst kind of …

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Low-income shoppers are in worse shape than you thought

It was finally starting to look like the lowest-earning Americans had caught a break. Yet as they feel the squeeze of rising health-care and housing costs, the lift from a stronger job market and low fuel prices hasn’t been enough for these consumers to feel relief. And for hundreds of thousands who are unemployed, a change in qualifications for Supplemental …