This page has been archived and commenting is disabled.
How Ben Bernanke Sentenced The Poorest 20% Of The Population To A Cold, Hungry Winter
The following chart prepared recently by JPMorgan demonstrates something rather scary, and makes it all too clear how the Chairman's plan to "assist" the US population via some imaginary "wealth effect" due to QE2, is about to backfire. As is now becoming very evident, the prices of energy and food products are about to surge, and in many cases have already done so, but courtesy of some clever gimmicks (Wal Mart selling what was formerly 39 oz of coffee as a 33.9 oz product for example) the end consumers haven't quite felt it yet. They will soon. There is a limit to how much every commodity can open limit up before it appears on the SKU price at one's local grocer. And while a marginally declining "core CPI" is irrelevant for this exercise as it measures only items that are completely outside of the scope of everyday life, what will be far more important to end consumers will be the push higher in food and energy costs. The problem, however, is that for the lowest 20% of Americans, as per the BLS, food and energy purchases represent over 50% of their after-tax income (a number which drops to 10% for the wealthiest twenty percentile). In other words should rampant liquidity end up pushing food and energy prices to double (something that is a distinct possibility currently), Ben Bernanke may have very well sentenced about 60 million Americans to a hungry and very cold winter, let alone having any resources to buy trinkets with the imaginary wealth effect which for over 80% of the US population will never come.
Here is how JPM explains the phenomenon:
When the Fed considers the possible consequences of a falling dollar resulting from QE2, it should perhaps focus on food and energy prices as much as on traditionally computed core inflation. First, the food/energy exposures of the lower 2 income quintiles are quite high (see chart). Second, the core CPI has a massive weight to “owner’s equivalent rent”, which suggests that the imputed cost of home occupancy has gone down. Unfortunately, this is not true for families living in homes that are underwater, and cannot move to take advantage of it (unless they choose to default and bear the consequences of doing so). Due to the housing mess, there has perhaps never been a time when traditionally computed core inflation as a way of measuring changes in the cost of things means less than it does right now.
Since nothing else appears to have jarred America from its prime time TV/iPad hypnosis yet, perhaps this is for the best, and a few hungry months in subzero temperatures is precisely what several tens of millions of Americans need to finally march on Constitution avenue.
»
- 40171 reads
- Printer-friendly version
- Send to friend
- advertisements -
Bet that the northern states devolve to looting and murder quicker than the southern ones this winter...
I've been pondering protection for my wood pile. Nice dry hardwood, three years worth. Wood stove to heat most of the house, cook on and heat water. Best thing we ever bought.
i am amassing quite a wood pile as well. i hope i am not being greedy. but i haul it about one block from Lotita's, handy.
handy those lotita's. now hand me those tortillas.
You would share that woodpile and your food with the cold, hungry poor...if you really cared, that is.
Haha, you and me both!
I've got a couple of years supply good to go, with enough timber on my land to keep me cozy for as long as I need. Much better insulation at my place than Richard Proenneke's and he survived just fine.
+100
Drill out the middle of several pieces of firewood. Insert half stick of dynamite. Fill end of hole with mixture of sawdust and glue. Mark subtly so that you recognize doctored piece. Replace randomly in woodpile.
A lot of non-poor have turned their thermostats down and wear coats in their houses already. Last year and this year.
I'm at 64 degrees F and prefer snuggies. I just bought some of the new cool camo snuggies.
I put up 20 cords of wood for this winter and am at a nice 74 deg. I have a freezer full up and canned over 260 quarts of "good stuff" from the garden.
260? impressive
Tell us how many quarts of the good stuff came from the backyard still and we might come over.
I already have. Keep the heat at 58. Although, when I am awake I do keep a small ceramic heater running in front of me. Still have not bought any Oil for this winter and I am on empty. Waiting for prices to come down?
I do wear socks and a jacket in the house. Cheeper than buying Oil.
me too. i am afraid to die from being cold. i frost bite my toes back in the 80's having to set up a slalom course on top of the mountain. it was so damn cold and have frost bite fingers. i might have that raynaud's syndrome. females get it a lot.
Almost frost-bit mine when I was young. I really notice it when I am out on long runs in 5 to 10 degree weather and don't have mittens on. I bought a pair of fingerless gloves that have the chopper part that covers the fingers and I am good to go now.
I have a room in my basement that I can heat relatively cheaply with an eclectic heater. Good to go until my pipes freeze.
denali pass
-52 below
30 mph breeze
frost bit nothing ...
stop at the top ..
Key word is 'run' paul. I can assure you that I've had my share of below zero, and I don't have to travel for it.
Pan
Let us know where to buy an eclectic heater.... tee hee...
I traded in my spell-checker for it.
I went two winters with the heat off entirely -- as an experiment. I'm in a townhouse, so the interior temp bottomed at about 52. But I found that quite livable, with a sweater and cold-weather pants. Physical activity helps greatly, of course. Also calories. Higher calories = more body heat.
Smart folk already had their thermostats turned down. Dress appropriately and you don't need a lot of heat to be warm, without needing to wear a coat.
I lived many winters in glasgow scotland, with hella cold winds blowing in off the north sea - the 15ft ceilings meant you'd heat one room to barely comfortable, then wear sweaters ("wooly jumpers" heh) and fingerless gloves, some even knitted hats - flats built in the late 1800's had coal fireplaces that were illegal a century later, with just hot-water radiators & electric bar heaters. . . seeing one's breath in the air indoors, condensation iced inside the windows. . . friends visiting me now always laugh at how "cold" my home is in the winter. . .
we were young, didn't affect us as much as the elders - but I will say, people checked up on each other, made sure folk were okay, keeping as warm as possible. . .
Any idea on why they built 15 ft ceilings?
well Hulk, no definitive answer, but I can say that victorian era flats had taller ceilings in general, even in san francisco, new york, europe, etc - depending on how upscale the neighbourhood, many had extensive mouldings at 8-9ft heights to display collectibles such as plates, picture rails, etc. . . also, ceiling rosettes from which chandeliers were hung - again the taller the ceiling, the more elaborate the fixtures. . . the bay windows in my front room were 12ft sash, and let in more light, which is also a consideration for tall ceilings - maximising available light.
my flat still had the cast iron ceiling pulley in the kitchen - kitchens were where most folk hung out (front rooms were more formal), usually large enough for a 2 seat settee, table & chairs plus - and easier to keep one room warmer - the ceiling pulley was used to dry/air clothing, as most didn't have home washer/dryer then - hand wash, ceiling pulley = clean, dry clothes overnight!
another possible I've heard is the notion of "victorian air cure" was very popular, and tall ceilings with fans - there was no indoor plumbing for the poorer neighbourhoods, hence smells & disease, so the wealthier worried over air quality, particularly in the big cities. . .
Cathartes Aura
Obligatory
lol Gully - no doubt many ZH'rs have experience of that!
folk in glasgow maintain that the cities - glasgow & edinburgh, a mere 45 miles apart - were settled south of the beauty of the highlands, and mainly used to scare the folk from going any further, so as to leave those highlanders in peace!
Gully
I think maybe any city on this planet could grant you a similar experience. Aren't ye being a wee bit churlish to the Scots ?
50% of Americans could be in the lower20% in a week without food and fuel. The line between haves and have nots is thin and very fluid... Die Off Bitches!
As consumer are forced to spend more on taxes, food, energy, transportation, education, medical, etc. there will be less discretionary income to spend on TVs, cars, housing and entertainment. Try selling your McMansion to that crowd. 3rd world here we come.
I was going to write a comment about how maybe people will realize what's going on and reject the president's agenda and the federal reserve.
However, instead I think people will start looking to government to assist them and blame the big "bad" corporations for being greedy and raising prices.
Here comes the double dip?
part of the inflation equation is definitely upstream consolidation and rising prices. This administration, so far, is allergic to anti-trust litigation.
We need a lot more, unless you think those two brands of graham crackers are the only brands in the world riding a thin margin.
Trusts will end up owning this country without a fight.
Fraud-Esq
You have hit the nail on the head. But your timing is mistaken.
We are living in the time of "trusts" right now. Do you want to tell me how many small American businesses "outsourced" their employees ? Zero.
Do you know how many small banks got saved ? Zero.
Has Jack Welch moved to China to improve his quality of life ?
Did the trillions of tax dollars and borrowing turn the shitty TBTF loans to gold ?
This country is controlled (at the moment) by a very few arrogant, myopic parasites.
For them and the country, the tragedy is that they do not recognize they have killed their host.
Wall Street Bonuses Get The Taiwanese Animation...video Treatment ....http://www.huffingtonpost.com/2010/11/05/wall-street-bonus-taiwan-animat... .
http://inflation.us/foodpriceprojections.html
The National Inflation Association today announced the release of its report about NIA's projections of future U.S. food price increases due to the massive monetary inflation being created by the Federal Reserve's $600 billion quantitative easing. This report was written by NIA's President Gerard Adams, who believes food inflation will take over in 2011 as America's greatest crisis. According to Mr. Adams, making mortgage payments will soon be the last thing on the minds of all Americans. We currently have a currency crisis that could soon turn into hyperinflation and a complete societal collapse.
"For every economic problem the U.S. government tries to solve, it always creates two or three much larger catastrophes in the process," said Adams. "Just like we predicted this past December, the U.S. dollar index bounced in early 2010 and has been in free-fall ever since. Bernanke's QE2 will likely accelerate this free-fall into a complete U.S. dollar rout," warned Adams.
NIA projects that at the average U.S. grocery store it will soon cost $11.43 for one ear of corn, $23.05 for a 24 oz loaf of wheat bread, $62.21 for a 32 oz package of Domino Granulated Sugar, $24.31 for a 32 fl oz container of soy milk, $77.71 for a 11.30 oz container of Folgers Classic Roast Coffee, $45.71 for a 64 fl oz container of Minute Maid Orange Juice, and $15.50 for a Hershey's Milk Chocolate 1.55 oz candy bar. NIA also projects that by the end of this decade, a plain white men's cotton t-shirt at Wal-Mart will cost $55.57.
Better start learning how to grow it now before that becomes illegal:
http://humbleseed.com/heirloom-vegetable-seeds.php
We truly are getting closer to seeing more outward displays of anarchy.
I'm down
Let er' rip.
I've just read that report.
I pay 69p for a kilo of sugar = according to google:
0.69 (British pounds per kilogram) = 0.506712572 U.S. dollars per pound
I pay £1.50 for 4 litres of fresh milk
0.375 (British pounds per litre) = 2.29821813 U.S. dollars per US gallon
Why is it so cheap here in the UK?
That's about the same price I pay for that stuff here in Texas.
I buy sugar in 50 pound bags (for a bakery), and it costs about $20. Smaller bags cost more per pound, of course.
A gallon of milk costs between two and three dollars, but it is very volatile.
That seems about what milk has run for quite a long time, no?
It is, but the cost of milk is basically dictated by the government. Milk would be quite expensive without government subsidies, though it would be quite cheap again without all the taxation and regulation.
Yikes... better stock up!
and save your seed!
http://ezinearticles.com/?Simple-Seed-Storage-Tips&id=5272491
my seed is safely stored in a bank!
Hi, I am Cheesy Bastard. Yes, there is a Cheesy Bitch, and we have 4 little curds. My seed is snipped now. (Yeah, and if she knew I was callin' her that there wouldn't be a Cheesy Bitch for very long...)
+100. dont understand the junk
Hunger is a deep seated motivating dynamic...
...said the bad case of the munchies to the bag of chips.
Isn't it lunchtime yet?
I just got home from grocery shopping, buying the same things I always buy. I can't tell you how many of the prices had gone up by 15% in the past week! It's just out of control. Freakin' quinoa, which I did NOT buy, was selling for $4.49/lb in bulk. Now, that fancy little grain used to sell for $1.99/lb. Overnight, 2 years ago, it went up to $3.99/lb, and I KNEW it was commodities speculation driving it, just like they did with wheat. Now, it's moving again. Look at all grains. Look at rice! It's criminal. I would like to take a bucket of hard wheat berries, boil them into a thick paste, form it into a huge 4 inch thick log, let it harden, hand it to a poor, inner city Detroit grandmother and watch her shove it right down Bernanke's heartless piehole till he chokes.
Now your talkin.
Don't even bother talking about morals or the right thing to do to hungry people. They must survive any way possible.
Rising defaults on everything are guaranteed. Its all part of the wealth defect.
my favorite white tea, silver needle from china costs $100. a pound now.
$100 a pound? Bloody hell, lady, you're a Plutocrat!
We drink Starbucks cheapest @ $10/lb. Got to- it's mandatory here in Seattle. If the garbage police find evidence of anything else you're marched down to the Pierce County line and shoved across.
brilliant rant cdskiller, good lol at the end. . .
I buy quinoa - it's v. high in protein, cooks up quickly - just bought a few one pound boxes of organic red quinoa for $3.99 each - but I agree, the bulk prices are rising, virtually every week - best use the spare fiat to stockpile for the winter, I know I am *wink*
"I just got home from grocery shopping, buying the same things I always buy. I can't tell you how many of the prices had gone up by 15% in the past week!"
I do the shopping in this family and therefore consider myself somewhat of an expert in this department. This probably means nothing but, I shop at a large chain grocery store that is the primary market for the most affluent area in the county I live in. I don't live there, I just shop at the market. I shop at this particular market because the quality and availability are tops, AND, it's one of the cheapest markets anywhere in town. I find it curious that this market chain, located all over the county, provides best prices for those who can most afford them. The quality part I can understand, although don't agree with.
This price increase, and less for the same, started LAST year.
I live in the DFW area, and prices on foodstuffs, and daily essentials,went up 15-35%, or double on some items, last year.
This will just add fuel to a already raging fire.
I have been telling friends to stock up on canned goods, and shelf items of at least 2yr life for over a year.
Best get it while the gettings good.
The world sucks.
Yes it does. But remember, all things end. This period of dominantion that we live under will end.
Chin up Bobchuck, there's work to be done.
It is the lower end of the economic sector that start to Riot, Burn, Destroy, and Pillage things when they do not get enough to live on.
Maybe that is where the revolution comes from is the poor.
Sadly, they are/will being manipulated. Unfortuately, I do not request financial statements before I open fire.
revolution is always fueled by the destitute. People love to flap their gums and masturbate their egos, but as long as there's food on the table and a roof over their heads, all they'll do is talk.
You take away--or endanger--those two important things from a large enough % of the population, and then you'll have a revolution.
I'll welcome it, too. And here I thought I was going to live to be a disgruntled old geezer, having led a relatively boring, safe, and average suburban life, with a mind numbed from decades of bullshit societal nothings.
If I live through this, I'll be a better person for it. To hell with the consumerist cattle lifestyle.
You rock, man!
The upper-middle class revolted and brought us Obama.
Wonder what happens when the dirt poor revolt?
Got lucky with FDR, all things considered.
Does General Petraeus come to mind?
yeah. I'm assuming you mean to oppress and not to be the next Huey Long.
After a president like Obama, Petraeus will be cheered just like in the days of the Roman Empire. Just wait.
Does that mean people on food stamps will grow by 50% from current levels?!?!
Something has to give at some point. Could be the end, my friends.
Hope all are prepared. btw i had ordered some mountain house freeze dried food (on an emergency preparation website) 2 weeks ago, and it just now is in the mail. Called and asked why, they said they had been waiting on more to come in from the manufacturer.
Anyone who has ever dealt with a black market situation knows:
tobacco
booze
coffee
medicine, vitamins
coffee and tobacco, i keep stocked constantly. dont drink, but i agree that it would be a hell of a bartering tool.
A cousin of mine quit his job after 19 years at a bank to take care of his 20 acres and start farming...tobacco.
What happens when their Food Stamps buy 50% less food?
mayhem!
Then I highly recommend you avoid walmart on the last day of the month at midnight.
Waterfallsparkles
What happens when their Food Stamps buy 50% less food?
http://hotair.com/archives/2010/10/22/a-war-on-potatoes/
When the government blocked the use of food stamps and other nutritional aid for cigarettes and alcohol, most people gave it at least tacit support. The idea behind food stamps and welfare wasn’t to feed addictions, but to feed people. Now, however, the government has decided to dictate choices on food, too — beginning with the potato. Potato farmers have begun protesting a decision by the USDA’s Food and Nutrition Service to bar participants in its food-aid programs from buying spuds at the grocery store:
At the same time, the USDA will act to reduce potatoes in school lunches subsidized through its programs. Given that the government actually does the preparation of the lunches themselves (in the form of public school cafeterias and district kitchens), that’s less of an intrusion on choice than a strategic decision on menu offerings. But given that schools or their contractors control the preparation, perhaps it might make more sense to focus on a healthier preparation than omitting a perfectly acceptable source of nutrition altogether.
Potato farmers point out that their crop does have significant nutritional value. Potatoes, while starchy (as are carrots and other root vegetables), contain high levels of potassium and Vitamin C, both essential elements in a healthy diet. The problems associated with potatoes are more accurately assigned to the manner in which they are cooked — deep friend or covered in cheese and sour cream. In fact, buying potatoes at the store usually means better preparation than one finds in chain-store restaurants.
Most offensively, the program treats subsidy recipients as if they cannot make their own food choices for themselves. People may tend to write this off by saying that aid recipients aren’t entitled to the money and that the USDA can set whatever condition it likes on the service, and that’s true. WIC and food-stamp recipients can buy potatoes with their own cash, too. But when a large number of Americans start receiving federal subsidies on health insurance — subsidies that will apply to anyone in the health exchanges with an annual salary of $88,000 or less, which is the 62nd percentile for annual household income in the US — what dictates will then be permissible? Smoking, alcohol, food? All of these impact health, and health-care costs.
My Republican peers keep telling me about the threat to America from Islamic Law. I should point out, this behaviour by Ben Shalom Barnanke would be illegal under Islamic Law.
I would much rather the banking system be organized by Islamic principles than Judiac greed.
islamic principles of only muslims being in charge?
GTFO with that shit...the muslims have blood all over them in the usury business
If it is people M or people J who will "only be in charge" I vote for our excitable friends wearing the mumu.
A lot of people in the Islamic community don,t use the banking system they use money lenders and private accounts in their own communities to bypass it.
Just curious what kind of time frame ZHers are looking at to be prepared for? 3,6,9 months, 1 year or more? Just curious as i appreciate most peoples insight here. Got the guns and ammo, loading up on stored food & water, and trying to buy PM's on a dip (but that is getting tough nowadays, which i aint complaining about)
Anywhere from 10 days to 6 months, IMO. I would recommend a Berkey water system, use mine daily (on well). Cannot be happier. Buy some extra black filters.
thx for the berkey water system tip. i live in a desert and if shit really hits the fan and water is shut off, i have studied how to find it out here.
FWIW, the problem with any kind of filter is "dumping". After a certain amount of time, the media in a filter can no long absorb the contaminants and begins to dump...sometimes in large amounts right into the glass you are drinking from, or sometimes a slow nasty leak. There is nothing that can absorb without reaching a dumping stage. The ads about the Berkey filter does not mention this phenomena and I know people who have used the same filter for years, still swearing by it. Yes, I know, they sponsor a lot of the sites that scream apocalypse now...but this is not the sensible way to do it. Getting some media by the sack and changing it out regularly is very easy to do, fairly inexpensive too. Push comes to shove and the question arises if your water is potable or not, your best bet is a chlorine injection pump and a carbon filter, carbon will remove the chlorine and make it taste great. Cheap, effective, and definitely safe. Chlorine reacts with water to percipitate iron and magnesium too in well water, if this is a problem, then I would suggest a Filter Ag sediment filter before the carbon. If you're smart, the whole thing wouldn't cost you more than a couple of hundred bucks.
The Berkey is great, but no, I wouldn't go that route. Way too expensive and it WILL foul.
Get you a TDS (total disolved solids) meter. It costs about $20. Measure the TDS reading on your source water and and from your product water. If its substantially lower on your product, you're ok. If not, swap out the filter. If the water is potable, you might be fine with an undersink reverse osmosis system or a carbon filter. Just my two bits.
You do NOT want an 'under sink reverse osmosis system'. They operate on very low pressure and have way too much waste to permeate ratio.
TDS might not tell much, especially if using a $20 cheapo meter. A good meter is around $200. This is drinking water we're talking about--not hydroponics.
Make yourself a sand filter.
More on that later.
I live on a sand filter. It's called Southern New Jersey. There are artesian aquifers the size of lakes, the result of a sand mining operation called a "sandwash". The water in the "lake" constantly recirculates through the bottom. It is the cleanest water you will ever swim in that is not chemically treated. Just watch out for those patches of cold water (about 45 deg.). They will instantly seize your muscles, and you will drown. Oh and, hold your nose. There may be a sulfur deposit somewhere in there. That's how the "Great Egg Harbor" got its name.
FYI
the "Great Egg Harbor"
The only thing I remember about Egg Harbor where those green fly's that used to bite the shit out of me in the summer. little bastards.
ditto on the sand filter
Guys,
I am a water quality hydrologist.
I have (somewhere) some very decent information on making simple yet very effective sand filters out of a five gallon plastic pail. You can throw in muddy water and it comes out clear.
Even if you own a Berkey (or similar) filter, it's a very good practice to pre-filter the water to extend cartridge life.
Keep reminding me...I have a family illness situation. When it's over I'll work on getting our website up and running again with *practical* survival info.
Yahweh Yireh.
I use a Berkey, love it, filters guaranteed to 6k gallons filtered - many friends use them too, no problems mentioned to date.
(but appreciate your info msj)
We'll be chatting this time next year on ZH.
I think we will be chatting here next year, but we may have a different outlook on the world. We live in interesting times.
Prob have 5 million people working in regulatory-free trade zones by then.
Pick the longest amount of time you think this can go on, then multiply it by 10. I don't think any of this will happen as fast as many people think it will. I think we're in for a slow gradual decline for quite a long time before anything blows up. If people will still line up for hours just to buy an iPad the minute it is launched then we've clearly got a lot of slack in the system still.
I hope you are right. As a thought experiment : imagine all gas stations closing down due to lack of supply. How long does society last?
I actually think one of the catalysts will be oil prices, but I think they can doctor them for quite a while. It will take a lot for 'All' gas stations to shut down.
I mean take a look at france, where recently significant numbers of gas stations were closed down due to no supply. Things got a bit rough, but it was hardly the apocalypse. Admittedly most euros are less gas dependent than americans, but still...
leathaface
Just curious what kind of time frame ZHers are looking at to be prepared for? 3,6,9 months, 1 year or more?
After inauguration day 2013.
The thing is some White Republican will enter office as the new savior who needs to take "harsh" measures. He will take your guns and your Gold. Well he will eneble a few to carry guns as a citizen service. But those will turn on friends and neighbors.
It's ok though, those rough tactics will get everyone through the neext two or three decades. After the first generation everyone will accept the armed men in black roaming the streets.
By the way the world will switch to digital cash or Carbon credits. All that Gold will be shiny metal, pretty jewelry.
What everyone fails to understand is money is an illusion. It is only a symbol for purchasing power. Being an illusion ANYTHING can represents that same idea of currency. Bottlesaps from Fallout 3, Cowry shells, beads and trinkets.
Digital cash is now used in video games.
Carbon credits are being tested as currency.
Pretty to switch one illusion for another.
I agree with you on a lot of that. The one part i dont agree on is the confiscating of guns and gold. That will be the trigger point for many of people to tell the govt to fuck off. i hope the people of this country can come together (with their minds right), instead of turning on each other. i know that is a big hope, but i try to have faith that most people are good and what to live a life of freedom. i do believe we are in the "last stand" against a global govt that controls our every move.
i disagree that anything can be used as money. something like beads or trinkets wont mean shit to anyone when they are looking for their next meal. it has got to be something that the next person finds useful. ie. booze, tobacco, drugs...
The digital cash and carbon credit "currency" idea scares the shit out of me. But if the people dont realise by that point that the entire system is based on nothing, then yes i do see your ideas coming true
I know in my area we which is relatively rural and better to do than most, that we saw 3 break in incidents involving theft of large screen tvs. They got 5 from one house. What is uncommon is that we never see break ins here, it is too rural. But, looks like the under paid are trying to create wealth of their own.
You should read ferfal.blogspot.com he lived through the 2001 economic collapse in Argentina - something not many in America understand is the rapid increase in crime, even in rural areas, that's going to happen. Get ready for a lot more intruders. This is just the beginning,
Great read. Real eye-opener.
The really scary part of this is that the fall of the dollar will result in vast quantities of cash flowing in from overseas to buy our food, land, raw materials, and politicians. If the poor spend 60% of their income on food and energy now, what will happen when foreign purchases triple the price of these commodities?
They may be stupid enough to play Mortgage Roulette. HaHa. You know it will be full circle when the Native Americans offer the Gov of NY, beads and trinkets for Manhattan.
Those late to the (fast moving) PM bandwagon, won't be able to afford very much. Delivery of a walking liberty 1oz was $20 a few months ago, now it's easily $29-31.
Next year silver $40? gold $2000? food stamps 46mil? UE 12%?
The middle class will further be broken and won't have the funds to buy any PM, by the time they wake up from their DWTS Glee, celebrity, gangster rap, gossip, video game, denial, MSM, zombie state.
As the US dollar falls and we stop buying, what will happen to the economies of the rest of the world? I think if we go down they come down with us. What will happen to China? The European Union? How about the OPEC nations? What happens to the Canadian ecomony? Anybody got reference articles on this scenerio?
There is a big difference between us and them: debt. We have trillions in debt, and they are creditor nations. They also have the manufacturing base to produce their way out of any collapse. The next century's economic growth will be in Asia.
Oh, Bernanke didnt just print more fukkin oil Tyler?
Don't post bullshit class warfare crap. Real energy costs will rise as a function of declining EROI and declining aggregate net supply.
"There is a class war all right. And my class is winning." --- Warren Buffet (paraphrased from memory; nearly verbatim)
Not To Worry...
The government just announced a new round of free cheese for the holidays...
Tyler, brilliant bottom line artuculation of the tragedy in play from the deflation/inflation duality created from our captured governments graft and manipulation for their puppetmasters, the federal reserve owners and beneficiaries.
God help us.
All I can tell ya' is that there's nobody of any consequence and credibility who believes any of this QE2 shit's gonna make a fuck-wad-a difference for anybody that's truly in need.
And before you respond, think carefully. You might not want to be associated with that train of thought. Operative considerations; consequence and credibility...
The poorest 20% are already on foodstamps...and perhaps there will be "gas stamps" soon. That throws the whole 58% metric off.
Slightly OT but here is the agenda for the FED meeting at Jekyll Island for the 100 year ann. It includes the powerpoints and some papers...CB
http://www.frbatlanta.org/news/conferences/10jekyll_agenda2.cfm
how many jews in the lowest 20% in US ?
Probably one or two, but they're not reporting their side ponzi project to the IRS.
average jew has like half a mil in savings. Average.
How? They look out for each other. Hiring, admissions, favors, participation in investments that other people wouldn't get. Like a big extended family.
It's time anglo-saxons started behaving the same way. Yes, that means RACISM.
Every other tribe is looking out for other members of their tribe.
I agree.
Tim Wise, who identifies as a jew, won't agree: http://tinyurl.com/2f7p4ze
Read that. Then read it again.
sorry, i couldn't get through even half of that nonsensical polemic.
I will say to all whites, don't EVER call another white a racist. Never. Don't be an uncle tom, and don't turn on your own kind. The rest of the ethnicities form blocs everywhere they go. When 90% of black people vote for a black guy because he's black, we call it progress. That is wrong.
Tim Wise is a white-hater...it's actually very common for semites to pose as whites and celebrate the destruction of whites. Semites do not subscribe to the Guess Who's Coming To Dinner methodology of finding their daughter a mate in their personal lives, but their money and advocacy groups (NAACP & SPLC) along with their studios sure as shit promulgate that notion to a wide audience.
If the brown people take over this country, it will just become like all the places those brown people are from. Fuck whatever these people think "justice" is. Genetic heredity is unjust.
Tim Wise celebrates the destruction of Rhodesia and the starvation of millions all in the name of equality. You may hate someone like Louis Farakkhan, lord knows most white people have been conditioned to by that aforementioned race hustling advocacy machinery as well as the major media sources, but he has studied history and knows who the major exploiters of blacks were.
There is nothing whatsoever unjust about a Rhodesia model where the intelligent and industrious minority have all the wealth and the slothful and stupid majority do not. In fact what could be MORE just than that?
I'm sure I'll get junked 50 times for this post, most probably because of the sheer cognitive dissonance I am going to provoke in readers by going STRAIGHT INTO THE FACE of the conventional orthodoxy on race and everything people cling to.
Be careful, Trav...or you will share the awful fate of Chumbawamba....exiled for life from these pristine precincts. C. last seen prowling the discussion pages at Boobpedia. Ala Passtal's, for instance....the one wearing the mezzuzah. Man, these antisemites are wierd....
trav7777
Do you have those cool SS tats? I know you all shave your heads, I thought that was to limit the lice, but maybe it's some social thing.
Personally I think you are a plant. I've seen a lot recently.
Stir up the rabble, take the names, track them for future reference. Or future round up.
HAHAHAHAHAHHAHA
have another beer, moron, none of this shit is gonna work
Excellent, Trav. So sad nobody understands you or history.
Did he say Pabst Blue Ribbon????
http://www.youtube.com/watch?v=snhiofL2Rh4
sounds a bit like LDS's mormons.
You can't stop with the Jews.
There's the Mexicans and the African-Americans and the Arabs. To hell with whatever religion they are. Get rid of all the Arabs and those damn Harri Krishna with their chanting and incense and shit like that. The Hindus and Buddhists, the whops and spiks and micks and krauts too. Fuck 'em all!
No, we can merely stop using the Jewish system of banking and be done with it.
.
Let me say it AGAIN, then, dipshit.
The AVERAGE jew has half a million in savings.
This is because the CLAN STICKS TOGETHER.
Now, you may wanna whistle past that fucking graveyard because you have a guilt complex conditioned into you by shit coming out of jewish-run race advocacy groups or jewish-run media conglomerates, but the FACT remains that the reason jews are so prosperous on average is because of good, old fashioned CLAN NEPOTISM.
Now, if you can REFRAIN from raising a strawman...I mean, the ENTIRETY of your post is just godawful, kneejerk, cognitively dissonant, non sequitur BULLSHIT.
At no point did I EVER even HINT at "getting rid" of fucking ANYONE. You know what, man, your response is PAVLOVIAN. Do you get that?
Curious, where's your evidence for your first statement? I read a report on Canadian welfare system study, by ethnicity that showed jews were actually slightly over-represented in the welfare system per their overall numbers.
that's curious...I read the jewish number quoted in one of the major ethnicity/demographics intersection studies where they talked about black women having avg net worth of $5.
In other words--stormfront.org
GTFO with that stupid crap.
storm WHAT?
WTF is it with you people anyhow? Are you THAT thoroughly conditioned? Fuckin christ, man, you can google average jew net worth if you want to.
Trav
I'd be a little careful about quoting "averages". Stick one hand into your freezer and the other into a hot frying pan. On "average" you should feel OK.
I'd want to know how the "average" fits a Bell Curve.
You're on a tear tonight, Travis, but I was serious about the study. It was connected to some joke email proving that jews weren't all rich, but the research was real. A jewish guy owes me money right now. He's paying me back in labor. He obviously doesn't follow the babylonian talmud. Does that mean Wall Street isn't a non-inbred, meritocracy....no. Wall Street is entirely corrupt and if I were jewish I would be slightly uncomfortable about some of the leadership and their apparent lack of ethics. But - that's a wall street culture far beyond religion. correlation, not cause.
I don't know how he'll do it, but the Jew who is paying you back with labor will somehow inflate then deflate his labor, package it into some collateralized labor with synthetic tranches and before you know it you'll owe him your wife.
Best post all week ... !!
Uhhh svend
So the Jew gets his wife ? And who suckered whom ?
RACE is a curious english word. thanks for pointing out racist as well. never really covered it before in my logic. i just use to race so much in my life never thought of it as a noun under race 2 in my dictionary. oh well, i dictionary a lot lately to learn meaning of words.
I have half a million in savings, but I am not jewish. I bet there are more people in the world with half a million in savings that are not Jewish than are. Some may be Hindus or Chinese.
Maybe your finger has leprosy.
Actually, in the book The Millionaire Next Door, this question was answered with hard data. The highest percent ancestry group that have millionaire households are Russian, followed by Scottish. The book even gave stereotypical reasons for each: "Russians make the best horse traders" and "thrifty Scots". Trading and thrift, imagine that. :D
Strangely, it does not even list "Jewish" as a category, probably because it is not considered a national ancestry group.
and what exactly in the fuck would this actually demonstrate?
What is it that you idiots with your rampant non sequiturs and shoddy logic are attempting to say here?
That you're a pissed off hack, looking for a fight?
:D
Trav, Trav
Statistics lie. Who of the "Jewish" persuasion pull the averages up to a half a million.
I suggest you let us in on the sampling technique and the distribution around the mean.
Without that your "average" is meaningless.
And for what it is worth I despise all Jews who pillage the middle class as equally as I despise all Non-Jews who pillage the middle class.
Actually, the proper term is racialism.
If the subject is of interest, the www.stormfront.org is a place to start.
Those people are not jews, anyway. They are jew-ish, an admixture of Edomites (descendants of Esau) and Ashkenazis (descendants of Ashkenaz...see Genesis 10:1-3 and Revelation 3:9).
True jews are the Sephardim, Yemenite and the lost tribes, of which some Irish, Celts, Saxon, and Nordic peoples belong to. Skin color alone is not an indicative of race.
I am Sephardim/Hebero-celta (Hebrew-Celt) and a disciple of Yahushua (Jesus Christ).
Very insightful post! The throne of David will not cease to have a king until Jesus Christ returns, says the Bible. And the throne of royalty in England first came from Scotland and Ireland. English kings were even coronated over "Jacob's pillar stone", which was returned to Scotland a few years ago. :)
Bingo Green Leader, the vast majority of Israelites are not Jewish, and most of the Israelites do not have a clue who they are.
Check out Zuleyka Rivera, Miss Universe 2006:
http://www.fanpix.net/picture-gallery/212/418212-zuleyka-rivera-picture.htm
She is Sephardim, but most likely doesn't know it--and she does not look at all like the Jew-ish girls in my NY college!
Here's another daughter of Abraham:
http://www.fashionfame.com/2010/05/miss-michigan-rima-fakih-is-miss-usa-2010/
I like them both. Can you imagine years ago in the middle east, when women this pretty actually went and milked the goats every day?
A O K
"I like them both. Can you imagine years ago in the middle east, when women this pretty actually went and milked the goats every day?"
Yes, I can.
http://www.youtube.com/watch?v=Xkl1G21i99c
I don't know of any ethic group that comes to US that doesn't do this, even more so if they are excluded (or perceived to be excluded) for society. I come from an old french Canadian background and to this day "feel" more comfortable surrounding myself with the "familiar". But for the next generation and those after it should be and is less of a factor. Racism is a pretty ugly word and deed, is that really what you meant to say?
btw are french canadians anglo-saxons, the "anglo phones" didn't seem to think so in the 1940's? lol
YES I DID MEAN TO SAY RACISM.
RACISM RACISM RACISM.
Ugly? how is it ugly? Oh, I know, because you have been BOMBARDED since your childhood with message after message that has CONDITIONED you to believe this. ANY time you have an EMOTIONAL response to a word, you have been conditioned. What would Mr. Spock say to the use of this word?
Go really ask blacks what they think about black racism, or jews about their racism or japs about their xenophobic supremacist culture. Their total LACK of conditioning about this word RACISM should STUN YOU.
Your reponse to it, that thing you feel in your gut when you see me say it is a CONDITIONED response; it is pavlovian. You are experiencing cognitive dissonance, my friend. You YOURSELF say you feel more comfortable around you OWN KIND, yet you recoil at the label I affix to it.
Read Orwell, read Huxley - what IS this called when someone has an emotional response to a word? I'll tell you; it's called conditioning. There is an entire field of study of emotionwordsmithing called NLP. If you practice it, you can cause all kinds of emotions in your listeners just by what you do and what words you choose. The more emotional a person is, the better it works. Guys who chase poon study it to pick up hoez, speakers use it to meld audiences, salespeople use it, politicians and public speaker use it.
I know what those who read this are thinking...wait a minute, this guy seems so rational but my GUT is panicking as he is suggesting RACISM. Use your logic and do not fall prey to the emotional wordsmithing. Frank Luntz uses this shit to bend elections. I see NLP techniques all the time on the tube; they work. Recognize when you are being conditioned. Be rational.
Every ethnic group everywhere does what you describe. Except whites. We are conditioned to emotionally respond with aversion, fear, and disgust to a white doing it while at the same time CELEBRATE when any other group does it.