A newly released report by Oxfam found that the top 10 richest people in the U.S. saw their combined net worth increase by $698 billion in the past year, highlighting the widening gap between the country’s richest and everyone else.
Category: 11 November 2025
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TRUMP TRIES TO RECOVER AFTER REPUBLICAN’S ELECTION DAY BEATING
U.S. President Donald Trump did his best after last week’s elections that saw a small blue wave in the gubernatorial races in New Jersey and Virginia, and a massive breaker in New York City’s mayoral race that resulted in Zohran Mamdani, a Muslim Democratic Socialist, carrying the day.
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ISRAELIS SEE MAMDANI VICTORY AS MAJOR LOSS IN U.S.
The election of Zohran Mamdani, a Muslim Democrat socialist in New York City, sparked anger and dismay in Israel, with officials in the country sending a direct warning to Jews living there that the city is no longer safe for them.
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WALL STREET GANG TRIES TO REGAIN BEARING AFTER MAMDANI’S WIN IN NEW YORK
Wall Street is trying to determine just how Zohran Mamdani, a Democratic Socialist, will serve as mayor of New York City after coming out strongly in opposition to his tax policy and lack of experience in political office.
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MAMDANI’S VICTORY SPEECH
Just hours after Zohran Mamdani, the self-proclaimed Democratic socialist, won the New York City mayoral race, he was criticized for having a change of demeanor from a soft, affable candidate to something more sinister after his victory speech.
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AS FORECAST BY CELENTE: MAMDANI’S WIN HAS NATIONAL, INTERNATIONAL SIGNIFICANCE, WSWS SAYS
The election victory of Zohran Mamdani, a self-proclaimed “democratic socialist,” in the financial center of the world, New York City, has national and international implications because of general “disillusionment with the existing political establishment” and also “outrage over the vast concentration of wealth in the hands of a tiny elite.”
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ECONOMIC UPDATE – MARKET OVERVIEW
Yes, the rich are getting richer, and the middle class is shrinking. And as for young Americans having trouble finding decent paying jobs, this is part of a mega-trend that is shaping the economic future.
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LIQUIDITY ADDICTION DESTRUCTION (BLOWOUT… HOLLOW-OUT)
Weakening the dollar helps service US debt, but pushes trade blocs to settle outside the dollar. With that, lower external USD demand = more of our own debt must be held internally/absorbed into The System.
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PRICED OUT: DEMOCRATS SEE AFFORDABILITY AS THE ‘CONNECTIVE TISSUE’ THAT LED TO TUESDAY’S VICTORIES
The average American has been priced out and because of that, Democrats managed to win decisively in off-year elections last week, exposing what they see as clear vulnerabilities in the Republican Party.