Saturday, May 30, 2026

Dismantling Separatist Arguments…

Dismantling Separatist Arguments… 

I would also remind all Canadians that we should not dismiss the legitimate grievances of Albertans.

-             Premier Smith

Separatist concerns are illegitimate, their concerns are easy enough to dismantle… and they are ill advised and poorly led.

-             J.M. Hamilton, X post

 

By Gregg Wall (5-30-2026)

It’s been an interesting couple of weeks here in Alberta.  Premier Smith, head of the separatist party, head of the rebellion… professes unflinching devotion to Canada, while bending over backwards to enable a fringe minority demanding Alberta separate from Canada.  The leaders of separatist traitors have reportedly, and by their own admission, been to Washington to talk to Trump administration officials about leaving Canada.  In January, separatist leader Rath was said to be seeking funding for a mini revolution, a cool $500 billion credit line.  And of course, Premier Smith, a former oil and gas lobbyist, spent weeks in Washington during the Trump inauguration. 

The separatists have taken over the Alberta UCP government with some members of the elected body openly supporting separation.  Separatist grievances and talking points are as egregious as they are specious.  Easy enough to accept if one has been fed an endless diet of right-wing and oil & gas industry talking points, but easier still dismantled upon closer scrutiny.  Nevertheless, what the separatist lack for in credibility, they more than make up for in energy and passion. 

Separatist leader, Dani Smith, who believes the world sets and rises on Alberta, summed it up best, when she recently attempted to ram a new British Columbia pipeline (w/ no private sector financial backing to date, and no backing from the BC provincial government) through a Canadian premiers’ meeting

“Let's remember these ports are not British Columbia's ports, they're Canada's ports, and in being Canada's ports, that means they’re our ports too," Smith said. "In the spirit of collaboration, that's the attitude that all premiers should take to this."

By that very same Dani logic, it could be said: Let’s remember these Alberta tar sands are not Alberta’s tar sands, they’re Canada’s tar sands, and in being Canada’s tar sands, that means under Canadian control.  In the spirit of cooperation and respect for the rule of law, the separatist party, UCP, should resign and turn themselves in for adjudication.

The separation craziness never ends… like all culture war conflicts… serving to keep the public divided and distracted from a laundry list of corruption, gross mismanagement of provincial affairs, gross incompetence, privatization schemes, and scandal after scandal… most recently, data harvesting from the list of Alberta voters, via an application linked to the US Ambassador to Canada.

Here then, separatist grievances: 

Oil and Gas… apparently all separatists have huge holdings in the oil and gas industry because they behave as if they are all oil and gas robber barons. Their blind worship for the industry, however, conveniently omits the following facts:  Alberta oil and gas is American owned; the American owned O&G industry is gutting its Alberta workforce, even as production explodes; the American owned Alberta O&G industry realizes profits in America and will continue to realize profits in American no matter where Alberta O&G is exported; and the chef’s kiss, the American owned Alberta O&G industry is dumping hundreds of billion in liabilities on Canadians and Albertans with the full complicity and the abject failure of the Alberta and Canadian governments. 

If you believe American O&G is your messiah then the separatist messiah is the devil.  Given US oil and gas history, one can expect the industry will have no problem walking off if called upon and ordered to pay their obligations.

No more taxes:  In the separatist libertarian Xanadu, the wayward leadership and followers believe they’ll never pay any taxes… despite the O&G industry’s reluctance to pay taxes, despite the American O&G industry having even greater leverage over the locals should it separate; despite having no retirement plan, no military, no foreign policy, no scale on pensions, no backroom infrastructure to run a nation-state.  Despite Alberta presently being in debt $109 billion, despite the separatists seeking a loan from the Americans for half a trillion (which translates into roughly $690 billion Canadian), despite being in the hole by some estimates for O&G cleanup and tailings $250 billion, that’s right: no taxes.  So much for the great separatist libertarian - no tax - fantasy. 

And, for sake of time, I’ve omitted the private sector tax for American healthcare, which will absolutely crush Albertans.

Jobs and opportunity will rain down from the heavens… except that won’t happen.  The O&G industry, despite explosive growth and profits, has been (and continues to be) automating and gutting its Alberta workforce.  And the industry that is seeking to hire, significantly, was run off by Premier Smith, that is the renewables industry. 

Trust me… when separatist leaders are confronted with the economic realities of their plan, they invariably fallback on trust us.  Let’s put it this way, if landlocked Alberta is getting a bum deal from the sale of O&G to the Americans now… what’s in store for Alberta when the new country is all by its lonesome?  What leverage will Alberta have then?  Zero.  If anything, the ruthless American owners of the Alberta tar sands will drive down prices even lower in the states, so they can reap fatter profits on the refined/finished product.  Nothing says “bend over” like the Alberta separatist.

Brexit comes to Canada:  While the separatists do not bring up Brexit a great deal, the parallels are not dissimilar, especially when we wipe out all the arguments for separation.  What we find, like Brexit, is a great many angry white bigots, racists, haters, misogynists, and xenophobes.  In both instances, Brexit and Alberta insurrection, the glue that binds appears to be hate.  Here, it’s particularly worth noting that just as the dereg, financialization, globalization, neoliberalism, and the Thatcher economy were and are a disaster in the UK, pre and post Brexit… if the Alberta separatist wish ever comes true, undoubtedly they’ll find themselves in quite similar UK like economic conditions, pre and post separation, if not markedly worse.

 


Prime Minister Stephen Harper with Bank of Canada governor Mark Carney, January, 2008 



Abject failure to hold Conservative gov accountable: Moving on from separatist talking points, interestingly enough the separatists have often built their entire identity around hating and owning the Libs. Which means the insurrectionist leadership have done their jobs of dividing the province and Canada, as well as polarizing their base and the counter response.  Undoubtedly, Liberals, in power since 2015, bear some responsibility for placing Alberta and Canadian families last and Alberta and Canadian corporations and oligarchy first.  But this same separatist tribe turns a blind eye to the failings of fifty years of conservative rule in Alberta.  Smith and United Conservatives have trashed the provincial economy, and yet, seemingly, not a derisive word is uttered against the UCP gov, unless said government is deemed insufficiently supportive of the separatist movement.  

Right out of the divide and conquer playbook.  

As for far-right PM Carney?  His actions speak for themselves.  Mr. Carney is likely the most conservative politician Canada has ever seen.  As I’ve written previously, Carney has gutted rules, regs, embraced deregulation, and is fast tracking corporate projects and supply-side economics at the expense of charter, indigenous, and provincial rights.  Carney is not walking, he's sprinting, and achieving a great many things conservatives, likely, could have never achieved in the same amount of time.  The Carney gov is going after labour and he’s bent over backwards to build a pipeline that the private sector has shown little interest in funding.  Turns out, "elbows up" is aimed at attacking Canadian families, labour, and the environment?  In dealing with the Alberta Premier, who is attacking and dismantling the Canadian Health Act, Carney has done absolutely nothing.  And in fact has come running to offer memorandums of understanding, and drum up support for the pipeline, seemingly, every time some new revelation of UCP corruption or scandal comes to light. 

It’s all reminiscent of Carney’s bait and switch on the environment and his “middle powers” speech at Davos… only for Carney to land on the side of American oil and gas and wanting to make America great again.

PM Carney, based upon his actions to date, appears to be here to ensure corporate domination and hegemony moves forward.  Advance corporate rule, tear down public services, push a campaign of austerity on Canadians, and ensure the shift right in Canadian politics continues apace.  It doesn’t get any more authoritarian and conservative than a private equity chairman and a Goldman Sachs banker.  Carney follows in the direct path of several bankers who came to power in Europe with neoliberal agendas.  

Ultimately, separatists love to whine and play victim, especially when they are the victim of the conservative ideology they ironically preach.  Whenever greed is given free rein or maximum freedom… massive poverty inevitably follows, as does its corollary endemic corruption.  The moral of the story: be careful of what you wish for, boys.

Copyright JM Hamilton Publishing 2026


Saturday, May 16, 2026

Qu’ils mangent la salle de bal

Qu’ils mangent la salle de bal 

 

 

“The only thing that matters when I’m talking about Iran [is] they can’t have a nuclear weapon,” Trump told reporters at the White House before boarding a plane to China. “I don’t think about Americans’ financial situation. I don’t think about anybody. I think about one thing: We cannot let Iran have a nuclear weapon. That’s all.”


-             ‘I don’t think about Americans’ financial situation,’ says Trump amid Iran talks, Guardian

 

 

By Gregg Wall (5-16-2026)

 

The "let them eat ballroom" presidency was in full force this week, when Trump downplayed the latest inflation report, released Tuesday, with headline CPI of 3.8%.  Producer prices bolted 6%.  Trump of course, is using the fear surrounding Iran possessing nuclear weapons to justify skyrocketing prices and oil and gas; but that’s a difficult sell when Trump assured everyone a year ago that America had broken off negotiations with the Iranians to destroy Iran’s nuclear program and subsequently “obliterated” Iran’s nuclear program.  Mission accomplished… well, apparently not so much, at least not to Bibi Netanyahu’s liking, who appears to be dictating Iranian and Middle East foreign policy.  Even Trump acknowledged Israel drives ME foreign policy this week.    

 

Whoever is calling the shots, it spells out sky-high energy prices around the globe and expedited timetables for migration to alternative and renewable energy.  In fact, renewable energy is so plentiful in Europe that the turbines are turned off to subsidize higher retail energy prices and justify utility electricity prices (for essentially free energy).  Antiquated grids are used as the excuse for not passing on the savings and free energy onto the Europeans, so the establishment can profit off an antiquated energy source, oil and gas.  As of this writing, the average price per gallon of U.S. retail gas, per AAA, is 90% greater than when Trump left office in January 2021. Trump’s lack of worry about the finances of the American people seems to correlate with the explosive growth in his and his family’s personal wealth, which has said to have climbed sixty percent to more than six billion dollars, since returning to office.  The transactional POTUS appears to have possibly ripped off MAGA, set up a pay to play pardon service for the wealthy, many insiders are making a fortune on front running Trump’s zig-zag decision making, and Jared is jetting around the Middle East doing what Jared does best, hoover up cash from oil & gas dictatorships.  Et al, et al.  Trump style grandeur and opulence culminated in the ballroom and luxury bunker, that was going to be privately funded, then publicly funded, or some combination thereof.  The bunker and Trump’s Arch also screams Versailles before the revolution, as does the POTUS’ entourage of billionaires that travelled with him to Beijing this week (all of them, apparently, walked away empty handed).  Xi confidently educated and warned Trump on Thucydides Trap and the collapse and rise of empires, one of my favorite topics.

 

Trump’s damage to America and Americans is, of course, catastrophic.  Trump loves to bitch about Biden, but Biden no longer resides at the White House… Trump and MAGA own the chaos w/in the nation and the world today.  In the span of sixteen months, the Epstein administration has seen the national debt shoot up to $40 trillion, the dollar devalue at least ten percent, seen his DOGE & tariff policies collapse; in sixteen months, Trump has managed to alienate the world with his boorish behavior and bad manners, Trump allowed himself to be blackmailed -- or sucked into -- more Israeli wars and extended genocides, and the lives of tens of millions of Americans have been turned upside down by a failed dereg, financialization, necro-neoliberal economy … many struggling just to survive.  Seventy percent of Americans can’t afford the basics, fifty percent of Americans can’t afford healthcare… that fifty percent number seems low, when we consider the seventy percent who can’t afford the basics, sure as hell can’t afford American healthcare (which is two times the per capita cost of most peer nations, all with universal healthcare).

 

And always and forever, seemingly, the ghost of Jeffrey Epstein with one hand on the president’s shoulder, as Trump falls asleep and nods off for the hundredth time, after a night of ranting on social media.

 

Epstein presidency or the POTUS of pain -- or “the let them eat ballroom” presidency -- it all rolls up to one of the greatest catastrophes and incompetents to ever walk into the Oval Office.  Trump’s greedflation… Trump’s out of control spending… his micromanagement of the Federal Reserve… Trump’s debt & deficits, his wars, the collapse of his tariff policy, the failure that is DOGE… Trump’s failure to rein in billionaires, corporate, monopoly, private equity, and Wall St. greed…  are wholly responsible for America’s affordability crisis.  Our depraved, debauched, day trading congress isn’t riding to America’s rescue, and neither are the courts – beyond tariffs, which leaves the Federal Reserve.  But alas, even the Federal Reserve is not immune from Trump’s insatiable desire to micromanage, dominate, and control.  Quite the opposite, the FED’s dual mandate stands as a direct affront to Trump’s dictatorial and spendthrift ways.

 

 

 

 

 

This Friday was Jerome Powell’s last day, and now, a new FED chair will take the helm: Kevin Warsh.  Mr. Warsh will be the wealthiest FED chair ever appointed and is married into the Estee Lauder fortune.  Given congressional failure to address corporate greed and monopoly concentration… and a President that cares zero for the American people’s finances… it will now fall upon Mr. Warsh to fight inflation.  Will he step up?  The history of the FED shows there are precious few Paul Volckers and a great number of Arthur Burns and Jerome Powells.  Goddess only knows what Mr. Warsh promised Trump to become FED chair.  Trump, Wall Street, catastrophic national debt and deficits, rabid financialization, the insatiable empire and war machine, the incompetents and idiots that make up the U.S. congress, and Wall St/M&A all thrive on cheap debt.  The pressure on Mr. Warsh will be enormous.

 

As I’ve pointed out recently, all this free money, easy money has led to unstable prices, since 2008, has led to financial engineering, corporate consolidation, with colossal amounts of debt… which demands sacrifice.  That sacrifice, w/out fail, falls upon hardworking Americans (indeed, labor throughout the West).  That sacrifice is borne on the backs of children, families, and labor so the rich can grow obscenely rich… the sacrifice often arrives in the form of job cuts, suppressed real wages, nonliving wages and stripped benefits, and higher prices for products and services to pay absurd CEO pay packages, growing shareholder returns, endless demand for stock buybacks and manipulation, and service epic debt.  In short, central bank free money is a direct threat to the FED’s dual mandate, democracy, and the American people.  America is told we are at or near maximum employment and yet, 65% to 70% of Americans don’t earn a living wage, which I estimate – using the 30% rule of rents - at eighty thousand dollars per annum.

 

Will Mr. Warsh stand up to Trump, will Mr. Warsh stand up to congress and force them to earn their pay and make hard budgetary decisions… will the new FED chair shut down the imperial war machine and foreclose upon financial engineering and financialization?  Will Xi’s warning to Trump… Thucydides… come to life?  There’s one sure way to shut down the house of cards, put a stop to the money printing, and force a long overdue conversation and debate that America’s failed elites have delayed for decades.  Crisis provides opportunity, rampant greedflation provides an opportunity and cover.  The most powerful man in the world could jack interest rates to the moon and shut down this catastrophe.  Slam the brakes, just as Mr. Volcker did so many decades ago.  Such an act would likely earn Mr. Warsh nearly universal condemnation, would take tremendous courage.  And yet, that’s exactly what is required to bring greed, inflation, the U.S. empire, and Trumpian dictatorship to heel.  Call it a monetary coup d’etat. 

 

Truly, this will be Mr. Warsh’s Volcker or “let them eat ballroom” moment.  I bet he chokes.

 

Copyright JM Hamilton Publishing 2026

 

Saturday, May 2, 2026

Goodbye Mr. Powell… Economic Data in the Service of Greed

Goodbye Mr. Powell… Economic Data in the Service of Greed


The U.S. national debt crossed 100 percent of gross domestic product (GDP) at the end of March, with signs that it might cross the record of 106 percent of GDP reached immediately after World War II.

The Bureau of Economic Analysis released data on the national debt reaching 100.2 percent of GDP on Thursday, noting that debt held by the public on March 31 was $31.27 trillion. GDP over the last year was $31.22 trillion.


-             US debt exceeds 100 percent of GDP, The Hill


Gregg Wall (5-2-2026)

JMH typically does a couple of write ups on the FED and central banks, per year.  As a student of history and power, I’ve always found the most powerful branch of government, the Federal Reserve … and the post powerful man in the U.S. government, the FED chairman… fascinating.  Mr. Powell certainly did not fail to entertain in his two terms as FED chair.  This week, Powell gave what will probably be his last press conference as FED chairman. He will, likely, be replaced in mid-May, by Kevin Warsh.  A final Senate vote is pending.  Like Powell, Mr. Warsh will be a Trump pick.  Powell came to power, as chair, in February 2018 and was renominated for a second term by POTUS Biden.  That Powell had to deal with Trump twice… garnered Powell a lot of well-earned respect and support from FED watchers and many on Wall Street.  And I have to admit, a long time Powell critic, found myself cheering on Mr. Powell this last year and four months.  Seems that Trump isn’t content with his current job but wants to be the most powerful man in the world as well, Federal Reserve chairman… by all appearances, so Trump and congress can spend like a drunken sailor on tax cuts, corporate welfare, empire, war, genocides, and violence for Bibi and billionaire supporters.  And ultimately, destroy the U.S. dollar. 

Trump certainly does appear to be on a mission to destroy the United States but I digress. Today, I don’t want to spend a lot of time on Mr. Powell.  However, it’s very much worth noting the national debt was an eye popping $21 trillion when he came to power in 2018… today, we are told the debt to GDP ratio is 100% with the national debt at $39 trillion.  I’m always skeptical on the national debt number, given that the United States printed up eight to nine trillion from 2008 to the present day in the form of debt and securities monetization (fancy words for bailout).  The purchase of treasuries and various securities in a process known as quantitative easing.  This eight to nine trillion is not, repeat NOT, in the national debt figure.  There’s also the matter of Trump & Powell bailing out Wall St in his first term with $4.5 trillion, that was created out of thin air.  All kinds of monetary hocus pocus and magic going on… none of it good.  So, the national debt nearly doubled under Powell. 

To his credit chair Powell has warned the congress about the national debt and the fact that it's unsustainable; but congress being the recipient of the world’s fiat currency and seemingly endless money printing, so far, has taken no action in reining in the U.S. government’s spending and evil ways.  The FED, by the way, is not required to fund the government’s debt and deficits.  Per the Treasury-Fed Accord of 1951, the FED could refuse to fund the U.S. government’s debt, deficits, empire, and wars (which explains why the FED isn’t a branch of government and is said to be independent).  

BTW, this FED write up on the Treasury-FED Accord is fascinating history: where the FED was forced to peg interests rates low (the preference of POTUS Truman and all modern Presidents), monetize debt during WW2 and leading up to the Korean war to maintain the peg, inflation soared to 21%, and the FED finally forced the administration’s hand and it was agreed to let markets decide interest rates on U.S. Treasuries, at the longer end or tail end of the yield curve.

Alas, Mr. Powell did not take the hard line with members of Congress and put a halt to financing sky high deficits and debt.  Powell has also been very lax on banking oversight, rules, and regulations, potentially setting America up for another financial crisis.  In the final analysis, my primary complaint with Mr. Powell, beyond debt & deficits, like Arthur Burns and the ‘70s before him, is that Powell presided over another lost decade, where inflation soared.  Mr. Powell was slow to respond, viewed inflation as transitory, and when he did act Powell did not act aggressively enough.  Many economists and pundits were also slow to pick up on the reality, that easy money and resulting financialization had spawned a monopoly economy, that was key in creating supply-side driven inflation Americans have been faced with from COVID-Eve, January 2020, to the present day.  In this regard, Mr. Powell will be remembered as the Arthur Burns of the 21st Century… a champion of Wall St financialization and greed (runaway money printing, debt, and deficits) … and will not be remembered as, or compared to, the Greatest American that ever lived, Federal Reserve Chairman Paul Volcker.  Paul Volcker, of course, defied Presidents, the rich, the powerful and Wall St and increased interest rates well into the double digits to crush '70s and early '80s runaway inflation.  And ultimately lost his job to do what was correct, in the face of a Congress that was simply unwilling to take action or only acted with half, ineffective measures.  Entirely typical of the congress and the gross incompetence the institution is known for, from 1789 to the present day.

 

 

With that said, I did want to bring up three key observations in regards central bank policy feeding financialization; the FED’s dual mandate and the incentive to game government statistics surrounding the dual mandate; and finally, the use of low-balled inflation figures to juice GDP and growth and thereby, utilize the results to stop or halt any discussion or efforts at economic and monetary policy reforms.

Financialization:  Powell kept the easy money policies that have been place from Greenspan to the present day.  Even today, with inflation rearing its ugly head again, Powell has set the FED funds rate at a highly accommodative 3.5 to 3.75%.  These easy money policies favor Wall St, asset stability for the wealthy, private equity and venture capital, and financial engineering.  Some economists have called financialization a misallocation of resources, resources & capital directed away from the real economy, and it’s been observed that financialization is a drag on the overall economy.  And therefore, easy money and low cost of debt -- that feeds financialization and private equity -- are also a drag on the economy.  Moreover, easy money proves to be a drag on the FED’s dual mandate: maximum employment and stable prices.  Easy money feeds M&A and corporate consolidation, that is to say cartels and monopolies, with monopsony power.  Easy money feeds leverage on corporate balance sheets and buybacks… leverage and debt that often leads to cost cuts and layoffs.  Easy money therefore feeds the power of totalitarian monopolies and the private equity business model to dictate ever rising prices and crush labor and wages… in direct conflict with the FED’s and many central banks’ dual mandate.  The FED therefore, can be said to be the key driver of inequality in the United States today.

The FED’s dual mandate and the incentive to game government statistics:  If you tell Americans that core inflation and non-core inflation year over year are under 4%, they are likely to laugh in your face (albeit there would be no mirth in their laughter).  The fact that gasoline is now 80% higher than when Trump left office, January 2021, is nowhere in the monthly BLS figures and reports.  That U.S. healthcare insurance has increased by double digits in the last year alone, seems to be omitted or significantly discounted. The weighting of the BLS products and services also is subject to debate, as is the adjustment for “quality changes” that arbitrarily lower inflation figures and the rollup to the headline number.  Skyrocketing auto costs and the interest rates charged as Americans take out essentially a mortgage to buy a car… these are examples that point out that the inflation numbers appear to be deliberately low-balled or certainly skewed lower, seemingly by design.  And there’s moral hazard in place to do just that, isn’t there … including the continuation of central bank easy money policies, that feeds Wall Street greed and profits, extravagant CEO pay packages, unlock absurd sums for shareholder value, speculation, the casino, financialization, financial engineering, private equity and venture capital, M&A, monopoly, and monopsony.  Which rolls full circle to the aforementioned deleterious impact on the dual mandate: maximum employment and stable prices.  Here, the K-economy comes to mind… a dual track economy, government, judicial system, and regulatory system that works for the privileged, the few, and increasingly leaves the powerless, recently reported at 60% of the population, struggling for survival.  Low-balled inflation has impacts on Social Security payments and COLA, which along with methodological shifts, say to a cost-of-living index, translate into lower inflation. (Without substitution bias, hedonic adjustments, geometric weighting, and the failure to consider alternative data and historical calculation methodologies an unflattering portrait of present inflation would arise).

Therefore, if inflation was correctly reported, the FED and central banks forced to take a much harder line, Wall St and financialization would take a massive hit… financial engineering would wither… and captains of industry and robber barons would actually be forced to place capital into the real economy again, that is, in many instances be forced to compete.  Arguably, America’s decline can be traced, directly correlates with the offshoring of the real economy, the rise of easy money and financialization.  And the rich and powerful have every incentive to keep it that way, with government capture and gamed statistics. 

The gaming of statistical data to preserve a failed status quo and zero out discussion and debate on an abjectly failed economic model and monetary policy:  The gaming of the inflation metrics not only helps to preserve ultra accommodative monetary policy in the service of Wall St, billionaires, financialization, and greed… but the lower inflation numbers help show improved or skewed real GDP and growth figures… to the keep up and prop up the mirage of a healthy economy.  That GDP and growth are not good measures of economic success (see again, the aforementioned K-economy where 60% can’t cover their basic needs and further suffer with wage stagnation), and yet, are constantly leaned upon as proof positive of economic success, conveniently never enters public discourse.  Like it or not these numbers, faulty as they are, are treated as sacrosanct.  And here again, the moral hazard surrounding the inflation numbers transfers directly into the moral hazard surrounding inflation adjusted GDP and growth numbers that are gamed or at the minimum, skewed to the upside.  (The fact that U.S. GDP is propped up by debts and deficits and endless war… and the resulting chaos unleashed upon the world… also never enters the discussion).  If more realistic inflation figures were paired with GDP and growth figures, GDP and growth might prove to be underwater, which would likely prove problematic for longer term Treasury yields.  Which could set off discussions on how dereg, financialization, globalization, neoliberalism, the necro-wartime economy… and political duopoly and the oligarchy the duopoly reports to… have failed the American people.

Neither the leaders of the management class… Dem and GOP party grandees, and the oligarchy they report to… are prepared to have that discussion. Best to keep the numbers rigged to preserve a failed status quo?  Separately, if we are completely honest, measuring maximum employment, where 50% of workers can't afford healthcare and 60% can't cover the basics, as acceptable... is in fact, completely unacceptable.  If we exclude jobs that don't pay a living wage, unemployment - certainly underemployment - would skyrocket.  Best to sweep America's indentured servitude, slavery problem under the rug as well?

At the end of the day, this all points to the complete lack of morality in maintaining an economy that fails and indentures… enslaves sixty percent of the public to debt… and the lengths those in power will go to, to maintain and perpetuate an economic model that is bankrupting the nation and has turned the United States into international pariah.  See America’s dependence upon debt, deficits, central bank easy money, and a Wartime economy to keep up the mirage of a healthy economy.  At the epicenter of it all lies central banks and the most powerful man in the world, the Federal Reserve chairman.  No wonder Mr. Powell looks like he aged decades in the last year. 

Copyright JM Hamilton Publishing 2026