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Tag Archives: Headlines

Now That We’ve Incentivized Sociopaths–Guess What Happens Next

“Sociopath” is a word we now encounter regularly in the mainstream media, but what does it mean? Here is a list of 16 traits, many of which are visible in lionized corporate and political leaders and entrepreneurs. One key trait is a lack of moral responsibility or conscience; the sociopath feels no remorse if he/she takes advantage of people or exploits them. Sociopaths are masters of superficial charm, intelligence and confidence, and adept at massaging or...

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The Political Parties and the Media Have Abandoned the Working “Middle Class”

Defining the “middle class” has devolved to a pundit parlor game, so let’s get real for a moment (if we dare): the “middle class” is no longer defined by the traditional metrics of income or job type (blue collar, white collar), but by an entirely different set of metrics: 1. Household indebtedness, i.e. how much of the income is devoted to debt service, and 2. How much of the household spending is funded by debt. 3. The ability of the household to set aside substantial...

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The Middle Class Is Now The Muddle Class

The first use of the phrase The Muddle Class appears to be The rise of the muddle classes (Becky Pugh, telegraph.co.uk) in January 2007. The “muddle” described the complex nature of defining “the middle class,” which includes education, class origins, accents, and many other financial, social and cultural signifiers. Comedian Jason Manford claimed to have coined the term in June 2013: “I’ve invented a new term; ‘Muddle Class’. When you find yourself being working class...

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[KR1455] Keiser Report: So Sleepy

In this episode of the Keiser Report, Max and Stacy discuss a BBC journalist who visited rural Ohio to see what voters thought about the situation in Syria. Almost all of them said that they were too busy working multiple jobs and ‘too sleepy to concentrate.’ This reminds Stacy of the story of Warren Buffett calling then Treasury Secretary Hank Paulson in the middle of the night, during the 2008 financial crisis, to...

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Has California Lost The Mandate of Heaven?

In Chinese history, natural disasters were viewed as portents that the The Mandate of Heaven (tianming or “Heaven’s will”) had been withdrawn from the ruling dynasty. Broadening this concept a bit to regional dominance and power, we might ask: has California lost the Mandate of Heaven? How many conflagrations does it take for it to sink in that the Golden State has lost its lustre in some profoundly karmic fashion? How many messes of human excrement on our doorstep does...

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Will MMT Work as Intended, Or Will It Trigger the Collapse of “Money”?

Modern Monetary Theory (MMT) is presented as a means to painlessly fund the large-scale infrastructure / alternative energy spending the nation needs to rebuild and modernize. While most people support the goal of useful fiscal stimulus (as opposed to paying people to dig holes and fill them), the question remains: Will MMT work as advertised? Rather than dismiss it out of hand, I’m trying to approach the subject without ideological bias. What Exactly Is MMT? The basic...

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[KR1454] Keiser Report: Commerce with all nations

In this episode of the Keiser Report, Max and Stacy discuss the battle between old principles and new and ask what Thomas Jefferson meant when he wrote that “Money, not morality, is the principle commerce of civilized nations.” And is Angela Merkel right to think first of her domestic manufacturers? What, also, does it mean that China now has more millionaires than America? In the second half, Max talks to Dan Collins, a...

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[KR1453] Keiser Report: Paper is Poverty, a Ghost of Money

In this episode of the Keiser Report, Max and Stacy discuss the spooky signs across the world that prove ‘paper is, indeed, poverty,’ for it is a ‘ghost of money’ rather than money itself. And as such, it can hide all sorts of scary things like unpayable, toxic and fraudulent debts. In the second half, Max talks to Ross Ashcroft, the host of Renegade Inc., about the UK’s ‘Serious Fraud Office’ quietly ending their...

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The Unraveling Quickens

The central thesis of my new book Will You Be Richer or Poorer? is the financial “wealth” we’ve supposedly gained (or at least a few of us have gained) in the past 20 years has masked the unraveling of our intangible capital: the resilience of our economy, our social capital, i.e. our ability to find common ground and solve real-world problems, our sense that the playing field, while not entirely level, is not two-tiered, and our sense of economic security–have all been...

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