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Day 571: New week

Profit: $5.41 Total: $515.49

Last week was when dollar was heavily sold with EUR/USD continuously making previous day highs. I feel like this week is a new week where the dollar bears will take a breather and test previous supports it broke. 39 more words

“The fat cats keep the money and us lot get nothing” - Theresa May meets a real voter

Last Monday, two middle-aged English women arrived at Abingdon market in Oxfordshire. One woman was there by chance. The other had carefully thought through the decision to go there, weighing the costs, benefits, and risks. 1,493 more words

UK Politics

Khan Academy explains Fractional Reserve Banking

https://www.khanacademy.org/economics-finance-domain/macroeconomics/monetary-system-topic/fractional-reserve-banking-tut/v/overview-of-fractional-reserve-banking

This praiseworthy organisation is known for providing free, all accessible learning for everyone on a range of core topics.

It does a sterling job of condensing hard to understand subjects, into bite size, digestible knowledge… 138 more words

Debt

Capital and slavery in America

It is striking to see what percentage of American capital attributed to slavery in the 18th and 19th centuries (the striped section in the chart above). 200 more words

Economics

“And 3 Feet Above The ‘Recalibrated Sea Level’!!!” (May 22, 2017)

. . .

K          “Forget about the attractive magnet schools, forget about the nine star energy rating, forget about the cute little pergola in the back yard.  191 more words

Economics

Socialism and the Crisis in Venezuela

It is undeniable that Venezuela today faces a serious political and economic crisis. Living standards have declined and a right-wing opposition bent on taking power from the PSUV government of President Nicolás Maduro has gained control of the National Assembly and launched a wave of street violence in hopes of destabilizing the government. 454 more words

Economics

Medicaid Reforms in Trump Budget Are Necessary and Desirable

When President Trump released his so-called “skinny budget” back in March (dealing with the parts of Leviathan that are annually appropriated), I applauded several of the specific recommendations. 2,073 more words

Economics