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WELLS FARGO IS A DANGER TO THE MIDDLE CLASS The Financialization of Everything Is Killing the Middle Class
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American Middle Class

Taxing Unrealized Gains: A Political Pipe Dream with No Real Payoff

Democrats keep floating the idea of taxing unrealized gains, but let’s be real—it’s a non-starter. Why? Because they’re unrealized. Sure, they’ll tell you it’s aimed at the ultra-wealthy, those sitting on $100 million or more, and they’ll calculate it by subtracting liabilities from assets—essentially boiling it down to net worth. But let’s pause for a […]

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American Middle Class

In Search of the Next Asset Bubble

From Dot-com to U.S. Housing to Chinese Real Estate, there have been about nine notable global asset bubbles since the Great Depression. The most recent was the Special Purpose Acquisition Company (SPAC) bubble, which resulted from hyper-speculation. SPACs are shell companies created to take private companies public. Nikola Corporation, DraftKings, and Trump Media are notable […]

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American Middle Class

FedNow: Transforming the Future of Money Transfers in the US

FedNow: Transforming the Future of Money Transfers in the US To modernize money transfers and foster a more efficient and secure payment ecosystem, the Federal Reserve has launched “FedNow,” an instant payment platform.  This groundbreaking initiative aims to facilitate faster cash flow for businesses and individuals, enabling seamless transactions in seconds. However, while FedNow promises […]

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Global Middle Class

A BRICS-issued Currency

BRICS and non-BRICS nations are lining up to escape the dollar hegemony.  The BRICS (Brazil, Russia, India, China, and South Africa) are among the world’s largest economies.  They have been exploring the possibility of launching a new currency to challenge the dominance of the US dollar in international trade.   The BRICS ran a trade surplus, […]

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Politics

Why American Wages Haven’t Grown Despite Increases in Productivity

The United States has long been considered the land of opportunity, where hard work is supposed to lead to financial success. However, in recent decades, the wages of American workers have stagnated, even as productivity has continued to increase.  This phenomenon, known as wage stagnation, is a severe issue that affects millions of people in […]

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  • Business / Aug 12, 2019

    WELLS FARGO IS A DANGER TO THE MIDDLE CLASS

    Wells Fargo is hurting more than helping their middle-class clientele. People with checking and savings accounts are more likely to become homeowners, move up a rung on the socioeconomic ladder, or start a new business. According to Violation Tracker, Wells...

  • Business / Aug 12, 2019

    The Financialization of Everything Is Killing the Middle Class

    Last week, I received an email from Apple Store stating that I could trade in my iPhone 7 plus to one of the newest phones.  The iPhone Xs that I was interested in cost about 750 dollars; however, I could...

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American Middle Class / Sep 18, 2024

The Federal Reserve’s Rate Cut: What It Means for Your Finances and Why It’s Time to Act Now

If you’ve been waiting for a sign to make big moves with your finances, this...

American Middle Class / Sep 17, 2024

Dark Web Monitor Alert: Are You Safe from Identity Theft?

In today’s digital world, security is no longer an option—it’s a necessity. As data breaches...

American Middle Class / Sep 16, 2024

College Credit Cards: A Tool for Building Credit or a Debt Trap?

For many college students, stepping onto campus is a rite of passage—one filled with new...