Patreon has apparently decided to take a bigger cut of your contributions and some of you are dropping out in protest.
This only hurts your blogger, who works diligently to bring you this column twice a week.
Thus, the aim of the tax bill is to prop up capital markets, and the apprehension of this lately is what keeps stocks making daily record highs. Primer: quantitative easing (QE) is a the Federal Reserve’s weasel phrase for its practice of just creating “money” out of thin air, which it uses to buy US Treasury bonds (and other stuff).
The Fed buys this stuff through intermediary Too Big To Fail banks which allows them to cream off a cut and, theoretically, pump the “money” into the economy.
Forty years ago an average hourly wage earner could support a family of four in a house with a car and basic amenities.
These days homelessness is a real option for SINGLE hourly wage earners. Could it possibly be that American hourly wage earners no longer earn a living wage because industries have been sent to slave wage locales outside the US? And that is to deliberately depress wage rates through the importation of millions of immigrants, legal and illegal, just when the high and the mighty of America are exporting jobs.
This “money” is the “liquidity.” As it happens, most of that money ends up in the capital markets.
In turn, I need to pay the web manager and the website-hosting server.For the moment, Bitcoin is doing the job that gold used to do: indexing the loss of value in paper currencies and the things that affect to represent them. It appears to have some worth as a ledger system, for keeping track of accumulated value in an allegedly transparent and honest mode.But the thing it is toting up and sending chits around the world for — Bitcoin — has no value in and of itself.His novels include World Made By Hand, The Witch of Hebron, Maggie Darling — A Modern Romance, The Halloween Ball, an Embarrassment of Riches, and many others.He has published three novellas with Water Street Press: Manhattan Gothic, A Christmas Orphan, and The Flight of Mehetabel. I’d wager that most of those homeless would give their right arm for a room with hot-plate-bar-fridge-shitter-shower. The flip side of that problem is wages, especially hourly wages which have nowhere near kept up with the cost of living especially housing.
It is vectoring right smack into the same lane as the gathering political crisis in the US government, as a fight to death between Donald Trump and his adversaries comes darkly into view.