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Call it what you may, money can make or break us. It’s certainly broken some of the biggest names on Wall Street.

What is money? What do banks do? What’s the difference between a stock and a bond? Why buy insurance or real estate? And what exactly does a hedge fund do?

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The Key to Understanding “Recession” and “Recovery”: The Wealth Pyramid

Submitted by Charles Hugh Smith from Of Two Minds

The Key to Understanding “Recession” and “Recovery”: The Wealth Pyramid

The top 20% are prospering and spending money; the bottom 80% are not, but thanks to vast wealth disparity, the top slice of households can keep consumer spending aloft. This provides an illusion of “recovery” that masks the insecurity and decline of the bottom 80%.

There is statistical and anecdotal evidence supporting both a “we never left recession” and “the economy is recovering” interpretation. The key to making sense of the conflicting data is to understand that there are Two Americas. Read the rest of The Key to Understanding “Recession” and “Recovery”: The Wealth Pyramid »

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Debt Limit – A Guide to American Federal Debt Made Easy

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The History of Credit Cards

 

This film investigates an industry that few people
truly understand, revealing techniques used by the
credit card companies to earn record profits and
to get consumers to take on more debt.

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How to Make This Your Best Year for Real Estate Investing

Do you get sick of hearing those fast pitches for “quick wealth” on
late night TV or seminars that those gurus speak of?   Well, you
should if you are not achieving the wealth they are talking about.  So
if you want to achieve the success and wealth that you desire you must
set yourself up for little victories. Those little victories will
amass into huge success, which in time will be the “Penthouse Suite,”
you dreamed about.
Read the rest of How to Make This Your Best Year for Real Estate Investing »

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