JZ Liszkiewics: Costs of Printing Currency

Categories: 03 Economy
JZ Liszkiewicz

JZ Liszkiewicz

Of note.

$1 and $2       5.5 cents per note
$5      10.9 cents per note
$10     9.9 cents per note
$20 and $50     10.6 cents per note
$100    14.3 cents per note

Source

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Mar 30

CounterPunch: Michael Hudson and Chris Hedges Discuss the Great Ponzi Scheme of the US and Global Economies

counterpunch squareThe Great Ponzi Scheme of the Global Economy

So we’ve turned the post-war economy that made America prosperous and rich inside out. Somehow most people believed they could get rich by going into debt to borrow assets that were going to rise in price. But you can’t get rich, ultimately, by going into debt. In the end the creditors always win. That’s why every society since Sumer and Babylonia have had to either cancel the debts, or you come to a society like Rome that didn’t cancel the debts, and then you have a dark age. Everything collapses.

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Mar 28

Eagle: Charles Hugh Smith on What Killed the Middle Class (Government Legalization of Banking and Corporate Crime)

300 Million Talons...

300 Million Talons…

What Killed the Middle Class?

If the four structural trends highlighted below don’t reverse, the middle class is heading for extinction.

Everyone knows the middle class is fading fast. I’ve covered this issue in depth for years, for example: Honey, I Shrunk the Middle Class: Perhaps 1/3 of Households Qualify (December 28, 2015) and What Does It Take To Be Middle Class? (December 5, 2013)

This raises an obvious question: what killed the middle class? While many commentators try to identify one killer cause (for example, the U.S. going off the gold standard in 1971), the die-off of the middle class is more akin to the die-off in honey bees, which is the result of the interaction of multiple causes (factors that increase the toxic load dumped on bees and other pollinators by modern agriculture).

Read full post with charts and links.

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Mar 27