ECONOMY MONEY AND BANKING

Being Poor Is Too Expensive

Some think that being poor is simple. You don’t have enough money to buy a lot of stuff, so you’re forced to buy less stuff. But that’s not really how it works. When you’re broke, you can’t do all the little things that will improve your budget over the long run. It actually costs more to be poor.

When you’re poor, you can’t buy your food in bulk, buy high quality stuff that will last, or own your own tech instead of renting. It costs money up front to save money over the long run. Worse yet, being poor often comes with hidden, intangible costs that make digging yourself out of poverty even harder.
READ MORE: http://lifehacker.com/being-poor-is-too-expensive-1736233505

Big Banks to America’s Firms: We Don’t Want Your Cash

U.S. banks are going to new lengths to ward off a surprising threat to their financial health: big cash deposits.
READ MORE: http://www.wsj.com/articles/big-banks-to-americas-companies-we-dont-want...

Half of world's wealth now in hands of 1% of population – report

This must be quite disturbing news for the very rich and wealthy. It cannot be easy knowing that so much money is still in the hands of middle class and poor people.
READ MORE: http://www.theguardian.com/money/2015/oct/13/half-world-wealth-in-hands-...?

Male suicide on rise as result of austerity, report suggests

Young males between the ages of 10 and 24 have committed suicide in growing numbers as a direct result of austerity measures brought in across Europe following the 2009 recession.

According to new research from the University of Portsmouth and Webster Vienna University, more males of all ages are committing suicide in the Eurozone's poorest countries.

The researchers, Dr Nikolaos Antonakakis and Professor Alan Collins, are urging policy makers to put European citizens' health before wealth as a matter of urgency.
READ MORE: http://www.sciencedaily.com/releases/2015/10/151006085437.htm

Why Are The IMF, The UN, The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent?

Usually when we are plunged into a new crisis there is some sort of “trigger event” that creates widespread panic. Yesterday, I wrote about the ongoing problems at commodity giants such as Glencore, Trafigura and The Noble Group. The collapse of any of them could potentially be a new “Lehman Brothers moment”.

But something else happened just yesterday that is also extremely concerning. Just a couple of weeks ago, I warned that the biggest bank in Germany, Deutsche Bank, was on the verge of massive trouble. Well, on Wednesday the bank announced a loss of more than 6 billion dollars for the third quarter of 2015…
READ MORE: http://theeconomiccollapseblog.com/archives/why-are-the-imf-the-un-the-b...

Why This Feels Like A Depression For Most People

Everyone has seen the pictures of the unemployed waiting in soup lines during the Great Depression. When you try to tell a propaganda believing, willfully ignorant, mainstream media watching, math challenged consumer we are in the midst of a Greater Depression, they act as if you’ve lost your mind. They will immediately bluster about the 5.1% unemployment rate, record corporate profits, and stock market near all-time highs. The cognitive dissonance of these people is only exceeded by their inability to understand basic mathematical concepts.

The Federal Reserve Admits to the Crimes They Committed

The people who are awake and aware have watched the criminals in Washington DC and their partners in crime on Wall Street, become more arrogant and unconcerned about covering up the crimes they commit. It is no longer necessary to hide, make “back-room deals” or have secret hand-shakes. No, those days are gone.

Today, it is very simple. Commit a crime, discuss it among your peers and reap the rewards of fraud and financial crimes against humanity. No one notices and no one cares. The regulators are all bought and paid for and the regulations are written by the banksters for the banksters. If one of the banksters happens to get caught or overlooks a “regulation,” they simply ignore the regulation/law that the banksters wrote or re-write it in order to accommodate the “mistake.” Once again, reaping the rewards of the fraud and/or financial crime against humanity.

$4 trillion debt binge could spark new global crisis, IMF warns

Governments and central banks risk sparking a fresh global financial crisis, the International Monetary Fund has said, as it called time on a corporate debt binge in the developing world.

Emerging market companies have over-borrowed by an estimated $US3 trillion ($4.2 trillion) in the last decade, threatening to trigger a sharp capital crunch and capital outflows in economies that have already been hit hard by low commodity prices, the fund warned on Wednesday in its latest Global Financial Stability Report.
READ MORE: http://www.smh.com.au/business/the-economy/4-trillion-debt-binge-could-s...

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