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8 yrs ago I would have dismissed this as socialist banter. But now after many years of living in the system, I do not.
One key point, the "whole big government vs big business as the culprit" issue is a smokescreen. Big government and big business are partners in crime.
"You can keep your agencies and taxpayer funded payrolls boys, just as long as me and my company don't pay the taxes and you and your agencies leave me alone."
What exactly has the US regulatory apparatus been doing for one decade, besides collecting payroll and polishing its private sector resumes?
Geez. All you people do is whine.
This is the best of all possible worlds.
The statistic that we have 50 million living in poverty is idiotic! The American definition of poverty is you can't afford a 80" plasma TV, only a 40".
I'll bet 35 million of these "poverty" individuals have a cell phone, LCD TV, high speed internet, laptop, $100 sneakers...
to GoldSilver doc -
thank u for posing the question...how is it that the most obvious goes unrecognized if it is not due to, ignorance, denial or delusion...
there is no democrat, there is no republican just the plutocracy which is dedicated to the preservation of their privilege and power by ANY and ALL means . All who r unwilling to sacrifice ANY and EVERYTHING n resistance to their oppression will remain the slaves of the ruling wealthy elite n perpetuity...
"violence is not the answer, it is the only answer" Joe Stack...
Pull any money you have out of the banks. Save in the form of income producing assets (no, not stocks or cash but small businesses, farm land, etc) and invest in wealth preservation instruments like gold, antiques, artwork, etc. that can be passed down generation to generation. Pay as little in taxes and as late as is legally possible. Vote out all incumbents - don't leave them in office long enough to become corrupted. Exercise and stand up for your rights: own a gun, express your opinion, motivate and mobilize others. Educate yourself and others - home school where possible. Don't patronize those companies that are screwing you: Wal-mart, BofA, etc. Learn how to be self sufficient. Focus on things that matter: friends and family.
If we are to regain a healthy middle class, we need to rebuild our domestic energy production and our manufacturing base. We won't have a healthy middle class in a service/info/financial services based economy. This is because of one simple thing -- wealth creation. In manufacturing and energy production, wealth is created at the bottom of the organization -- the line worker or rig worker is the one doing the job that actually creates the wealth. Because of this, those workers can be paid a high salary, and the company's pay pyramid builds upward from there.
In many service sectors, there is no real wealth creation at all -- money is just moved from one person's pocket to another (retail, janitorial, landscaping, etc...). In the other service sectors where wealth is created, its created at the middle (i.e. computer design, software, etc...) or the top (financial services, etc...). In these sectors, the majority of employees are not wealth generating, they are overhead, so the salaries will stay at lower middle class (if that) levels.
You want a healthy middle class? Scale back globalism and bring the core industries of energy production and manufacturing home. The middle class is dependent upon creating wealth from the bottom up.
Everybody knows that "worker" is just another name for "those people". Real Americans don't worry about losers, real Americans don't identify with losers, and real American don't dwell on the losers because real Americans don't hate America. Everybody who is worried about those people are just a bunch of socialist that hate America. America is the greatest country in the universe because we laugh at those people.
its not a class war. the middle class are too beneath the elite's thoughts to be considered an equal adversary.
The middle and lower class are but an orchard they harvest in seasons that span decades
Leo, that was one of the best posts you have done. Kudos to you sir. This is just beginning until we have 2 million people, march peacefully on Washington, as the first step, nothing is going to change. The sheeples are just beginning to get it.
A long time in coming.
Change is in the works;
Much thanks, Mr. K.
Socialist banter???? Not this thinking person. Anyone who has yet to figure out the master plan: the dissolution of all taxes on capital, while raising taxes on all labor, and monopolizing everything, is a complete and total moron.
Or perhaps that's "moran"???
Thank you, sir. And for any cretins who consider the data to be "socialist banter" please realize that the monopoly of land, capital and knowledge for the very small econ elite is the end game.
That "ownership society"??? That was to be owned by that elite.
Let those guillotines swoosh.....
Thank you, sir.
most articles are long diatripe about the sick and dieing patient ,, giving statistics, present conditions yadda
flailing at the branches, the leaves, the bark, the dead wood,'
instead of going to the roots ,,
most want more of the same with a differerent bag of stuff interjected into the arm.. different proportions ;;; a quormn of people to decide how to cut the pie ,,,
a bet nobody here even read reismans capitalism prefering to suck on the tit of the pavlovian bell
Welcome to Plátano la República de América
Disinformation at all levels, Media = Soviet Pravda (e.g. Unemployment). American workers too confused by propaganda and penile envy of elite wealth to engage in valid reasoning.
Propaganda, Social and Mind Control ... Check
Concentrated elite wealth and unbridled corporate power bribing, owning capturing a worthless illegitimate political class.
Systemic Corruption ... Check
American workers being reduced to 3rd worlders by globalization, concentrated wealth and constant pro corporate legislation, stealing of tax payer funds and assets for corporate welfare.
Systemic Looting ...Check
Rampant criminality on Wall Street and through out corporate power structure with no legal ramifications for highly protected corporate criminal actions. Government assassinating, torturing citizens, agencies heavily involved in narco trafficking and mass prison enslavement of citizens.
Systemic Criminality of Government and Corporate Owners ... Check
Try to keep Canada a little cleaner, Leo. BTW that Goldmanite Carney running the Bank of Canada...
"How's that working for you?"
Ho hum, I guess I should be looking forward to my life of 3rd World level penury, while the elites using 100 dollar bills light their cigars in their resort getaways in the Bahamas
Entertaining article. Reminds me Bob Chapman's "Illuminati" which has shades of The Da Vinci Code. Not to say it's not true. One thing that is overlooked is the great sense of entitlement that the rich have. How do the rich see themselves? For them nothing could be more natural or "right" than their having all the wealth and power. I just read an article by Stefan Zweig on Maxim Gorky. Zweig makes the point that at in Gorky's day there were about 10,000 nobles in Russia who had all the wealth, all the education, all the judicial rights, etc, while the rest of the population of 100,000,000 lived in extreme poverty with no possibility of getting education, justice, or even rudimentary medical care. All that wonderful literature by Tolstoy, Dostoevsky, Turgenev, Chekov, etc was written by nobles for nobles. I believe our elites are becoming more like the pre-revolutionary elites of Europe with their sense of being anointed to their wealth and power. That's the flipside of the coin with the suffering and decline of the middle class on the other side. We hoi poloi are mere dust compared the elite.
Thanks so much for sharing these articles Leo. It is a wakeup call indeed
Leo, your best post yet. Well done.
This should be distributed to everyone in your circle of friends, family etc., anyone who has read this today. Make it a point to do so.
There are certain ways to defend yourself against these bastards, but the best and most effective is to simply NOT TAKE ON ANY PERSONAL DEBT, AT ALL, EVER. You are a free person ONLY if you can say you do not owe anybody or any institution a cent. If this doesn't fly for you, then you are going to have no choice BUT to be a debt slave.
Can't afford it? Who fuckin cares, don't buy it!! It's that simple.
Also, keeping your cash out of the big banks is a great way to go. I don't understand why, at 0% interest rates, anybody would allow a bank to be custodian of their cash anyhow? What is the reason for "lending" them your cash if they are not paying you for it? PUt it in the safe.
Good luck to you all, and thanks again Leo.
Leo - I wasn't going to comment on anything while I was sailing however, my compliments on finding this and posting it. I enjoyed the read and loved all the great comments.
Capitalism is not going to self-destruct. It's the power systems that are breaking apart. They may take down capitalism with them, but really this is what we need to be worried about:
50% of Federal tax filers last year paid no tax. They get a free ride.
Over 50% of trade union members work in the public sector. Only they enjoy any job security.
The Elites are at the top. The Free-loaders are at the bottom. People in the Middle are obviously screwed, competing with slave labor abroad and illegal immigrants at home.
With any luck, they won't read Leo's post. If they woke up and realized how badly they've been screwed, there would be violence on a massive scale.
It's not going to self-destruct because it doesn't exist.
Anyone who thinks true capitalism is the nature of our economy today or since 1900 is delusional, and likely, nuts.
Gee Leo, it's called a reaction, and the process is called liquidation.
Why hasn't this Disney figure, Leo, committed suicide yet?
Excellent article Leo, thank you for posting. Let the great purging begin.
OMG!!!! What happened LK? You're stepping on all those green shoots! Did your rose colored glasses crack?
Didn't you know that Leo and Lakshman Achuthan of ECRI, are lovers? Yes, I saw it on TMZ. They read Keynes together after...well, after you know what.
Hopefully, soon they'll do a Jim Rogers Koolaid drink together. I'd gladly buy them both tickets to Guyana to bring that off, wouldn't you!!! Two fewer smiley face fascist scumbags.
if the 400 wealthiest are smart, they'll buy out forbes/fortune mags and stop the wealthiest list printing, for their own safety.
Dude, that is a fantastic comment!! Haha!
no doubt, i imagine the real 400 wealthiest are well hidden.
Except for Master Bates who is young enough to be still pushing paper, most here sound like the elders of the tribe. Looking at the armada for checks launched every month by the average family, the percentage of funds extracted from each for the oligarchs in terms of interest and insurance alone is staggering. F.I.RE will burn down your house. Smolder for years perhaps, but with the end game in sight, it has reached flash point. I remember my mother being aghast at the cost of life in America. We grew up with comprehensive NHS, fillings and downright ugly glasses included. Entertainment came through with adjusting rabbit ears, the phone was black bakelite. All meals were cooked from scratch, Swan's Down cake mix, peanut butter, jam and cheese were the few things that were processed. Their only big expense was 6 kids in private boarding schools. Our generation has car insurance, health insurance, internet, cable, cell phones, inflated mortgages, and taxes that buy us little more than smooth asphalt to burn oil on that we don't produce, and wars that are now pointless. It is unsustainable with shrinking incomes, and this is coming into sharp focus with every passing day.
We see the perilous nature of the structure we have allowed to grow. The squid will keep blowing bubbles, but now the only ones playing with fire are other bloated boars. The hooks are already deep into the average family for years to come, and they are pretty much spent thrashing about. On to the sovereign nations who swallowed the derivatives bait...took down Russia didn't we? Latin American countries, and now Europe and America. It's all there, we see it. Elders have the panorama of history they have lived to teach them. Revolution is for the young. As the boomers wither away, the full face of the poverty we have allowed will finally emerge. The dam is breaking. Something will cause the total collapse. I wake up every morning hoping today is the day. A parasite that feeds too voraciously does not realize that a dead host presents no future. My, but we do live in interesting times!
Smooth Asphalt??? Your state has smooth asphalt? I haven't seen smooth asphalt in
10 years. Even our road taxes our diverted
away, to who knows where.
Other than the smooth asphalt comment, I agree
Excellent article Leo, Me thinks it sums the situation up nicley
Welcome to Texas! Home of the last idjits. Toll roads, but smoooooth..on the other hand, look at the protections for people who would opt out from the system. They can't take your home, your vehicles, the tools of your trade, your livestock, your guns, heirlooms, 60k of personal property...heck, the Austin web site actually cautions bill collectors to rethink their position about harassing folks. They cannot even garnish your wages. Why o why do you think Texas still has a fighting chance against the marauding hordes....Yee haw! I hide behind the cowboys. I have cover baby!
Thanks for the thought provoking post Leo
this is one of the finest articles i have seen here in a long time - the author spake sooth....there is an oligarchy and it is out to destroy you....watch aaron russo on youtube talk about the fuck you rockefellers http://www.youtube.com/watch?v=7nD7dbkkBIA
paul craig roberts and michael hudson have spoken on similar themes and the lies spewing forth from the smiling faces in government - liars everyone of them....
the elite are not out to destroy just the middle class - the affluent are being painted into a corner also...
i am what many would call right winged and am a huge murray rothbard fan but capitalism is in the hands of sociopaths....americans must wake up to take action...it would not hurt my feelings to see these assholes' dead bodies littering the streets and wallstreet pavements...
Desperately poor article.
A lot of comments, articles appear only like bitter sounds.
The more I read, the more it looks like people who had agreed with participating to a game and suddenly, realized they are going to be on the loser side. This is the impression.
Until they felt they would finish on the winning side, everything was great, the game was the fairest possible, bemoaning people were losers, communists, hate the US first, terrorists etc all the traditional lingo and now that, all of a sudden, the game is unfolding as possibly adverse to them, the game's turned to be rotten, it is all because of a shadow elite. Dja, dja, dja, dja...
Answer is simple: the elite you keep blaming is the winner of the game you dreamed of winning. They are what you wished to be but failed to be. You should praise them. Revere them. You should lick their feet and beg their pardon for behaving like such pathetic losers.
People who dont criticize the game before joining lose their right to emit a critical point of view (by critical I mean critical, not blaming) on the current game. Hopefully, the US leaders are fully aware of that and show more decency than a lot of people here.
Start to behave, for money's sake.
can i have some of what you are smoking?
Most likely you can. That is simple, free and usually called dealing in reality.
Take your chance at it, you might desesperately need it.
Boo Yeah !! Buy Buy Buy Leo !! Buy more stocks....
Leo, You're not becoming bearish are you?!
Nope, he won't ! As soos as tomorrow,LK will as usual trade his chinese solar panel stocks on the upside. Dont need to be worried !
I'm not shocked anymore. Just like after Enron's artificial black out of California. Or a week after Katrina.
The realization is in. That whether Bush & Co or Obama & his Goldman/Harvard Cabal. Their job is to afflict the afflicted and comfort the comfortble.
Nothing will change until total bankruptcy will force the republic to be re-born out of the empire's financial ashes or until the people burn the empire's power brokers into the ground allowing the the re-birth to happen.
I hope to see bumperstickers soon with " JAN 20 2013 -END OF A HOAX "
Anyone still feel like we live in the land of the free and the home of the brave? What freedom? What bravery?
I see a prison state, and sheeple.
Stand up and fight.
I'd like to take this more seriously but I have to find out more important information about what is going on in Kim Kardashian's life.
Productivity under postmodern capitalism = fewer people doing more work for less money.
Additionally, all this talk about how we've strayed from some Golden Age of the Free Market is nonsense. Adam Smith himself wrote of the reflex of capitalists to collude, especially in regard to their axiomatic impulse to degrade labor (unless they are compelled to do otherwise).
A "free market" is about as realistic as the "withering away of the state" that Marx foresaw under Communism.
You want to know how to "recapture the wealth" that the 1% have?
Try learning about investing and the financial system.
That really is all it takes. Put down the damn beer can, turn off the Nascar race, stop looking at the brand new trucks for sale, quit shopping for yet another pair of new shoes.....and INVEST.
It really is that simple.
Let's see - I can put in a decent day's work for a decent day's pay, be prudent in saving for the long term, be frugal in my expenditures and not spend beyond my means, and still end up in the poor house. Or I can give my money to a complete stranger so that he can bet on the direction of stocks in an increasingly rigged market, letting him take a significant cut of the earnings regardless of whether the investments make more or not, so that they can be sucked into giant ponzi schemes that return pennies on the dollar when the market ultimately collapses.
Isn't "investing" how we got into this mess in the first place? There's something screwed in the economy when the only way you can get ahead is to play the Lottery.
Agree. Perhaps that advice should be revised from "INVEST" to "invest in gold", eh ?
Agree. Perhaps that advice should be revised from "INVEST" to "invest in gold", eh ?
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