Economics


THE UNIVERSAL ECONOMY UNIT XI: RICH CLASS WAR ON AMERICA – AVOIDING “HOW ARE YOU GOING TO PAY FOR IT” TRAP

We tend not to see the obvious. In Unit X of this series we saw how whenever government spending or increasing the Federal deficit benefits the rich, not a question is asked. Congress approves a blank check, the US Treasury creates, out of nowhere, the requested money, and the US Federal Reserve Bank issues the funds into the economy.When 16 trillion government created fiat dollars are needed to bail out corrupt Wall Street banks, not a single politician questions, “How are you going to pay for it?” When the wealthy CEO’s from arms corporations want a 100-billi...

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THE UNIVERSAL ECONOMY UNIT X: THE SECOND STEP IN FIGHTING THE RICH CLASS WAR – QUIT ACCEPTING THE LIE

We, as working citizens of America, are led to believe a great deal of misinformation about the monetary functioning of our nation. It serves the rich class waging economic war on us. To understand this, we must take a moment to review the operation of the United States as a sovereign nation utilizing a sovereign fiat currency: The U.S. Government, through the U.S. Treasury and Federal Reserve Bank (the Fed) is the creator of all of the nation’s money. The U.S. Government can never run out of money. Subject to controlling inflation/deflation, there is no limit ...

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CHILD POVERTY IN WISCONSIN INCREASES

A definitive new report by one of the top poverty research centers in the country reveals that in 2016 Wisconsin poverty increased by over 10% and child poverty increased by a shocking 20%.You can read more about the report and what it means for our campaign to end child poverty in Wisconsin on a new section of the End Child Poverty Wisconsin website. On that page, we’ll be posting information about poverty in Wisconsin and the U.S. you can use to show others in your community why this effort is so important.It is significant that this increase in poverty in ...

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FAIR TIME TO MEET A FARMER

This week I attended the Wisconsin Valley Fair; this fair and the many others that will be happening around our area this month is a celebration of our family farms, community values and our rural way of life. But all the things we celebrate at these fairs are slipping away. Family farms are closing, communities are growing smaller and smaller as young people leave. Our rural way of life is disappearing. It’s clear that what we have been doing is not working and we need new leadership in our state to bring back rural Wisconsin. Farmers, the backbone of the rural ...

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THE UNIVERSAL ECONOMY UNIT VIX: FIGHTING BACK AGAINST THE RICH CLASS WAR BEING WAGED ON AMERICA

fiat dollars
“The check arrived out of the blue, issued in his name for $1,200, a mailing from a consumer finance company. Stephen Huggins eyed it carefully. A loan, it said. Smaller type said the interest rate would be 33 percent. Way too high, Huggins thought. He put it aside.A week later, though, his 2005 Chevy pickup was in the shop, and he didn’t have enough to pay for the repairs. He needed the truck to get to work, to get the kids to school. So Huggins, a 56-year-old heavy equipment operator in Nashville, fished the check out that day in April 2017 and cashed it.W...

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THRIVING OR BARELY SURVIVING IN WISCONSIN?

Here are some sobering facts from several reports. The ALICE Report is an acronym which stands for Asset Limited, Income Constrained, Employed Wisconsinites. The ALICE report reveals the struggles our families, neighbors, and co-workers experience on a daily basis who work hard, earn above the federal poverty level, but not enough to afford a basic household budget. Over a third of ALICE households, 670,992, do not earn enough to cover the basic needs of housing, childcare, food, healthcare, transportation.A. In 2017, another 661,565 households lived below the official ...

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Retirement Security: Democratic Candidates Hold the Answers

A retirement crisis is unfolding in Wisconsin. Before long, four out of ten of residents will be in their "golden years." Many will have inadequate financial resources in retirement. According to AARP, 41% of Wisconsin's private sector employees (about 928,000 people) work for employers that do not offer any kind of retirement plan. This, along with decades of low-paying jobs, rising health care costs, and the inability of average workers to save on their own, has created this crisis.POWRS (Protect Our Wisconsin Retirement Security) does not endorse any candidate, but ...

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THE UNIVERSAL ECONOMY UNIT VIII: STRATEGIES OF THE RICH CLASS WAGING WAR ON AMERICA

“The issue of debt cannot be segregated from the overall organization of society. Now, just imagine if instead of banks and their bondholders holding student loans and profiting from it, if the government had made these loans, the government could easily forgive them, because it would be forgiving money owed to itself. But when you privatize not only education, but also student loans, that is what has led to the student loan crisis. It was completely unnecessary. But Joe Biden, as senator for the credit card companies centered in Delaware, pushed it through, saying, ...

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ECONOMICS AND THE PAY GAP

AAUW and the YWCA present:ECONOMICS AND THE PAY GAPWith featured speakerLinda Barrington, PH.D.Executive Director, Institute for Compensation StudiesAssociate Dean, Outreach and Sponsored ResearchCornell University, ILR SchoolLinda Barrington has conducted research on gender economics, compensation, employees with disabilities, new workforce entrants, and the working poor. Her work appears in numerous business-research reports. Her recent book, Employment and Work – Disability: Key issues and Future Directions, is published in the SAGE ...

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THE UNIVERSAL ECONOMY UNIT VII: THE FINANCIAL WAR ENSLAVING AMERICA

“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” – Warren Buffet – one the world’s 8 richest men whose combined net worth equals more than the bottom half (3.6 billion people) of all humanity.“What we are seeing now is a fight for what is going to be the rest of the 21st century by creating a new kind of class, a new class much like the invasions of Europe a thousand years ago. A thousand years ago, invaders from the north and from Italy would grab land and grab public utilities by military ...

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