1 of 4012345678910...Last »

Tag Archives: Federal Reserve

Life in the “Income Depression”

Newsflash! Things are not good economically.

Most people make significantly less in inflation adjusted terms than they did prior to the 2008 Crash. And it should be noted that the economy prior to the Crash felt pretty hollow too. People forget this now. But nearly everyone was living off of the housing bubble in the Bush years. That’s why it hurt so bad when housing ate it.

Remember the sea of realtors? At one point – around 2006 – it was basically impossible to go to a barbecue without meeting a realtor or a mortgage person. Idiot sons across the country were making money hand over fist, buying Suburbans, and getting in on rental properties. Where did all those people go? Actually don’t tell me. That the depression has wiped out this crowd is one the few positive outcomes of the last few years in my estimation.

Read More

Kid stands on the sidewalk and starts videoing the Dallas Fed and JP Morgan Chase, cops don’t like it (Video)

Just a little window into the state of affairs currently.

On the one hand the security people are doing their jobs and the videographer does appear to wander onto private property. (Though it is not marked and he immediately retreats back to the public sidewalk.) The rent-a-cops would probably lose their jobs if they didn’t confront the kid. On the other hand it’s pretty creepy that a mere camera elicits this kind of response. The intimidation methods employed are also pretty suspect. At one point one of the security guards reaches into his breast pocket clearly trying to give the impression that he is reaching for a weapon. (Whether he was is not clear.) That is not OK.

Remember, this is just a kid with an iPhone.

It is also interesting to note that once security realizes the kid is well versed in his rights their tone changes considerably.

1 of 4012345678910...Last »