How Japanese and Americans Save Differently

By: Friday May 24, 2013 6:00 pm

In America a dollar today is worth much less than a dollar in 1980. Americans marvel at how much cheaper things used to be in the past, when Coca-Cola and movies only cost five cents.

In Japan the story is quite different. For long periods in the past two decades, nominal prices have in fact declined.


Savers Screwed to Save Rich People

By: Sunday March 18, 2012 10:30 am

Wall Street wants to rip your face off. House Republicans make it easier and safer to cheat you. Stop saving and let your friends on Wall Street help you!

FDL Book Salon Welcomes Nomi Prins, Black Tuesday

By: Saturday November 12, 2011 1:59 pm

This book is a fast and easy read so you will absorb a ton of well-researched factual knowledge without losing your horse, crawling through the desert, or emptying your canteen. It’s a fun, easy way to learn and understand a whole lot of important information that banksters would prefer you never know and delivered in a way that exposes the hypocrisy of many of the proposed “cures” for our current economic woes. It really is a terrific learning tool and delivers information in a form that even Members of Congress should be able to understand.

A Modest Proposal: Gold Plate Banks with Cash from Retirees

By: Wednesday November 10, 2010 8:30 am

Quantitative easing smashes the hopes of retirees with small amounts of savings. Congress and the Administration won’t help them or the enormous number of jobless Americans. That leaves the Fed as the only faint hope for improvement in the economy, and its tactics take money from retirees, or forces them into the stock market, and into the hands of the people who wrecked the economy.

Economic Dictatorship

By: Thursday June 19, 2008 10:58 am

This is really frightening. First, America’s workers lose their homes. Or the equity in their homes, or their ability to take out second mortgages to pay for unexpected expenses like health care crisis. So they turn to credit cards. Now, those cards increasingly are maxed out.
What’s left?
Retirement funds.
Remember back when 401(k) plans were introduced as the promised land of personal control over our retirement destiny?

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