Politics,Economics and The Struggle To Survive In America

Subtitle

News

view:  full / summary

What Is Behind the Persistence of the Racial Wealth Gap?

Posted by Jerrald J President on July 7, 2020 at 10:25 AM Comments comments (0)

https://www.clevelandfed.org/newsroom-and-events/publications/economic-commentary/2019-economic-commentaries/ec-201903-what-is-behind-the-persistence-of-the-racial-wealth-gap.aspx

Http://www.jerraldpresident.info//

  " In 2016, the average wealth of households with a head identifying as black was $140,000, while the corresponding level for white-headed households was $901,000, nearly 6.5 times greater". Yet I'm to believe whit...

Read Full Post »

The Racial Wealth Gap in America: Asset Types Held by Race

Posted by Jerrald J President on July 7, 2020 at 10:15 AM Comments comments (0)

https://www.visualcapitalist.com/racial-wealth-gap/

Http://www.jerraldpresident.info//


  It's all always about RACE in America. By JJP

  The Racial Wealth Gap in America: Asset Types Held by Race

  The Racial Wealth Gap

People of color have faced economic ...

Read Full Post »

Fed?s $500B Municipal Bond Buying Could Leave Out Cities with Large Black Populations

Posted by Jerrald J President on April 16, 2020 at 9:25 AM Comments comments (0)

https://www.ibtimes.com/feds-500b-municipal-bond-buying-could-leave-out-cities-large-black-populations-2959164

Http://www.jerraldpresident.info//

  Did you really think America would  help BLACK AMERICANS? By JJP

  Fed’s $500B Municipal Bond Buying Could Leave Out Cities with Large Black Populations


 

Read Full Post »

Reparations, rebranded

Posted by Jerrald J President on February 27, 2020 at 11:40 PM Comments comments (0)

https://www.washingtonpost.com/business/2020/02/24/reparations-south-carolina-clyburn/?arc404=true

Http://www.jerraldpresident.info//


  21st century Sambo/House Nigga AKA Representative Rep. James E. Clyburn of south Carolina. By JJP

Reparations, rebranded

South Carolina Congressman...

Read Full Post »

Haiti by the Numbers: 10 Years Later

Posted by Jerrald J President on February 26, 2020 at 3:30 PM Comments comments (0)

https://www.counterpunch.org/2020/01/10/haiti-by-the-numbers-10-years-later/

Http://www.jerraldpresident.info//

Total foreign assistance disbursed in Haiti since the 2010 earthquake, as of 2018: $11,581,637,407.32. That's $11.5 BILLION DOLLARS! Where did it go? By JJP

 

Haiti by the Numbers: 10 Years Later

Read Full Post »

World's billionaires have more wealth than 4.6 billion people

Posted by Jerrald J President on February 26, 2020 at 3:25 PM Comments comments (0)

https://www.cbsnews.com/news/worlds-billionaires-have-more-wealth-than-4point6-billion-people-oxfam-report-today-2020-01-19/

Http://www.jerraldpresident.info//

  "The number of billionaires has doubled in the past decade, thanks partly to government policies such as the 2017 U.S. tax overhaul, which cut taxes for America's rich and corporations, as well as the strong stock market". Still believe in the American Dream? B...

Read Full Post »

Racial and ethnic income gaps persist amid uneven growth in household incomes

Posted by Jerrald J President on January 9, 2020 at 9:20 AM Comments comments (0)

https://www.epi.org/blog/racial-and-ethnic-income-gaps-persist-amid-uneven-growth-in-household-incomes/

Http://www.jerraldpresident.info//


   As the world continues to turn Black citizens continue to fall further and further down the proverbial "RABBIT HOLE"! In 2012 black household income was $37k, today it's $41k. Wake up!!!!! By JJP

Racial a...

Read Full Post »

This Is What Racism Sounds Like in the Banking Industry

Posted by Jerrald J President on December 16, 2019 at 8:50 AM Comments comments (0)

https://www.nytimes.com/2019/12/11/business/jpmorgan-banking-racism.html

Http://www.jerraldpresident.info//

 Are you truly surprised by this so-called revelaton? The 2007-2008 Financial crisis illuminated their treacherous behavior/racist behavior towards BLACK MEN & WOMEN! By JJP

 

Read Full Post »

Report: Nearly half of American workers have low-wage jobs

Posted by Jerrald J President on December 6, 2019 at 9:40 AM Comments comments (0)

https://www.knoe.com/content/news/Report-Nearly-half-of-American-workers-have-low-wage-jobs-565741211.html

Http://www.jerraldpresident.info//

  44% of American workers are employed in low-wage jobs that pay median annual wages of $18,000. Men Lie, Women Lie Numbers Don't! By JJP

 

Report: Nearly half of American workers have low-wage jobs...

Read Full Post »

Almost half of all Americans work in low-wage jobs

Posted by Jerrald J President on December 6, 2019 at 9:35 AM Comments comments (0)

https://www.cbsnews.com/news/minimum-wage-2019-almost-half-of-all-americans-work-in-low-wage-jobs/

Http://www.jerraldpresident.info//


  Surprise, Surprise, Surprise welcome to the real AMERICA! By JJP

Almost half of all Americans work in low-wage jobs

BY AIMEE PICCHI

...

Read Full Post »

The $4 trillion force propelling US stocks to record highs

Posted by Jerrald J President on December 4, 2019 at 9:20 AM Comments comments (0)

https://www.cnn.com/2019/11/22/investing/stocks-market-fed-overnight-lending-rescue/index.html

Http://www.jerraldpresident.info//

 Yet we wonder why we're BROKE, the privately owned Federal Reserve Bank is creating money out of thin air. Giving this new money to it's friends at ZERO interest, which allows their buddies to buy up everything in their path. Please don't say they kept this a SECRET! By JJP

...

Read Full Post »

The staggering amount of wealth held by the Forbes 400 more than doubled over the last decade. But their tax rates actually dropped.

Posted by Jerrald J President on December 4, 2019 at 6:40 AM Comments comments (0)

https://www.businessinsider.com/forbes-400-wealth-doubled-last-decade-as-tax-rate-fell-2019-11

Http://www.jerraldpresident.info//

 

400 US citizens — or roughly 0.00025% of the American population have more wealth than 184 Million american citizens.

Wealth owned by the Forbes 400 in 2009: $1.27 trillion (2.7% of total US wealth). Their tax rate:...

Read Full Post »

America's parents want paid family leave and affordable child care. Why can't they get it?

Posted by Jerrald J President on December 3, 2019 at 10:25 AM Comments comments (0)

https://www.usatoday.com/in-depth/news/education/2019/12/02/why-america-doesnt-have-affordable-daycare-maternity-leave-paid-family/2136595001/

Http://www.jerraldpresident.info//

 This is what happens when the proverbial 'CHICKENS COME HOME TO ROOST"! By JJP

 

Before having her own kids, Whitney Phinney acknowledges she thought of paid leave and subs...

Read Full Post »

Central Banks Are Purchasing Gold at Record Highs. Why?

Posted by Jerrald J President on November 26, 2019 at 9:55 AM Comments comments (0)

https://fee.org/articles/central-banks-are-purchasing-gold-at-record-highs-why/

Http://www.jerraldpresident.info//


  They create the money which they use to buy real assets such as GOLD and PROPERTY! A'm I the only person that thinks this does'nt make sense? Ot's only a matter time before the people on this planet awakens. When that happens watch out! By JJP

Read Full Post »

Inequality gap widens as world's richest 1% get 82% of the wealth, Oxfam says

Posted by Jerrald J President on November 26, 2019 at 9:35 AM Comments comments (0)

https://www.cnbc.com/2018/01/22/wef-18-oxfam-says-worlds-richest-1-percent-get-82-percent-of-the-wealth.html

Http://www.jerraldpresident.info//

  Men Lie, Women Lie, Numbers Don't. If the worlds richest 1% percent have 82% percent of the worlds wealth. Which is less than 750 Thousand people out of 7.5 Billion people. Why do we think and believe a college education and hard work will get us to the proverbial TOP?Wake Up!!! By J...

Read Full Post »

Global debt to top record $255 trillion by year's end

Posted by Jerrald J President on November 26, 2019 at 9:20 AM Comments comments (0)

https://www.reuters.com/article/us-global-markets-debt/global-debt-to-top-record-255-trillion-by-years-end-idUSKBN1XP1FB

Http://www.jerraldpresident.info//

There is approximately US $37 trillion in circulation: this includes all the physical money and the money deposited in savings and checking accounts.

Money in the form of investments, derivatives, and crypto...

Read Full Post »

NY Fed to pump $75 Billion into money markets daily through Oct 10

Posted by Jerrald J President on November 19, 2019 at 8:20 AM Comments comments (0)

https://news.yahoo.com/ny-fed-pump-75-bn-money-markets-daily-154943871.html

Htt://www.jerraldpresident.info//


 Just imagine this $75 Billion dollars the Federal Reserve bank is magically creating was giving directly to the her citizens! Or to the states so they would'nt need to TAX it's citizens. By JJP

  NY Fed to pump $75 bn into money ...

Read Full Post »

The Fed pumps another $105 billion into markets, continuing its streak of capital injections

Posted by Jerrald J President on November 8, 2019 at 8:05 AM Comments comments (0)

https://markets.businessinsider.com/news/stocks/fed-repo-injects-105-billion-into-market-continuing-injection-streak-2019-9-1028549481

Http://www.jerraldpresident.info//

  Roads are crumbling, school buildings are dilapidating and Flint

  The Fed pumps another $105 billion into markets, continuing its streak of capital injection!

The Federal Reserve on Tuesday sold $105 billion in market repurchase agreements, or repos, in a continued effort to calm mone...

Read Full Post »

The Fed's monetary juice has tied directly to the rise in stocks: ?Here we go again?

Posted by Jerrald J President on November 8, 2019 at 7:30 AM Comments comments (0)

https://www.cnbc.com/2019/11/07/the-feds-monetary-juice-has-tied-directly-to-the-rise-in-stocks.html

Http://www.jerraldpresident.info//

  If this does'nt prove to you that the financial system is rigged, i don't know what will. They've pumped in close a TRILLION DOLLARS into this PONZI SCHEME. For the benefit of the WHO? Not you or me, it's for the WHITE SHOE BOYS AND GIRLS ON wall street. The rest of can America eat cake. Thi...

Read Full Post »

Rss_feed