Margin debt just hit $1.4 trillion. Leveraged ETF assets doubled to $220 billion. And somewhere between hedge funds and teenagers on Robinhood, Wall Street built the perfect mechanism to legally take your money.
Every time crypto crashes, the questions flood in, and Wall Street acts surprised. I have been saying it for years: Bitcoin produces nothing, owns nothing, and the MicroStrategy scheme is one of the most transparent pump loops in market history.
The Trump administration just tied federal student loan eligibility to actual graduate earnings. Good. But this barely scratches the surface of a system that has been looting American families for decades with government-backed, bankruptcy-proof debt handed to teenagers.
The DSA is winning primaries and Hakeem Jeffries is clapping for them. A small group of moderate Democrats is trying to push back, but let’s be honest about the odds.
Senator Bernie Moreno, a Republican, is co-sponsoring legislation with Elizabeth Warren to eliminate the Social Security payroll tax cap. For self-employed Americans and high earners, that is not a reform. That is a 52 percent tax rate dressed up as compassion.
They told us it was coming, and right on schedule the trial balloons are in the air. Stimulus checks are being floated again, wrapped in economic pain that is real, driven by political motives that have nothing to do with helping you.
Credit card stress at Great Recession levels, consumer sentiment in the gutter, prices up coast to coast, and the official line from Washington is that everything is basically fine. I don’t care which party is doing the gaslighting. A lie is a lie.
Your brain is running against you every time you make a financial decision, and the brokerage industry built an entire business model around exploiting exactly that. I’ve been watching this con for decades.
Six point two million people fraudulently enrolled in Obamacare still have their coverage intact, while I am paying forty thousand dollars a year and fighting to get a basic scan approved. This is not a broken system. This is a rigged one.
Wall Street loves a good war trade, and right now plenty of people are positioning for $150 oil like it’s a foregone conclusion. I’ve seen this movie before, and it doesn’t end the way they think.