The biggest industrial sector next to real estate is oil, gas and other mineral resources. They don't report any taxable income, because if you depic….

I think the Republican tax law is so bad that it almost guarantees a Republican victory, precisely because it's so bad. The seeming irony is that it'….

The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market….

A bubble is only called that after it bursts, after the insiders get out, leaving the pension funds and small investors, Canadians and other naïve in….

The IMF acts as the collection agent for global bondholders. Its projections begin by assuming that all debts can be paid, if economies will cut wage….

There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to s….

Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt..

What's bad for the frackers usually is good for the rest of the world..

The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the d….

Wages for the ninety-nine percent have gone down, steadily, since 2008. They've gone down especially for the bottom twenty-five percent of the popula….

The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers….

Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to support what the clas….

What do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they load it down with debt. They make their money….

The ideological foundation of today's business schools is that economic control should be shifted out of government hands into those of financial man….

A stand in is a politician who can deliver her constituency to her Wall Street backers. That's what a politician does in America. You get a constitue….

You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply..

Debts grow and grow. And the more they grow, the more they shrink the economy. When you shrink the economy, you shrink the ability to pay the debts, ….

Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains..

The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to ….

People have to pay so much money to the banks that they don't have enough money to buy the goods and services they produce. So there's not much new i….

The one sure mark of a con, though, is the promise of free money..