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America's 'Invisible' Poor - An Infographic
Are more and more people in the western world dropping off the radar and becoming the invisible poor or is the opposite happening? We are always interested in looking at the financial health of real people. We noted earlier that an astounding 46 million Americans are officially below the poverty line (That's $23,050/year for a family of four according to the official sources). That number really caught PaydayLoan.co.uk's eye and as such they decided to do a little more digging to help put some more facts and figures around it. The below is an excellent visualization of the results they came up with. Conservative MP Norman Tebbit when responding to a question on unemployment noted "I grew up in the 30's with an unemployed father. He didn't riot. He got on his bike and looked for work, and he kept looking 'til he found it." Are the American (and possibly other western populations) poor really in this mess because they are lazy (27% of Americans think so) or is it because they don't have the right work ethic (49% of Americans think this is all it would take!)?
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move along... nothing to see here... (no bread lines necessary with ebt)
So they have a section on "why people are poor," and it doesn't include anything about medical bill bankruptcies? Fail.
Fuck everything is bankrupt.
"We noted earlier that an astounding 46 million Americans are officially below the poverty line (That's $23,050/year for a family of four according to the official sources). "
Why on earth would you have 2 kids if you are only making $23k/year? Are you fucking retarded? Maybe thats why you are only making $23k/year. You ARE retarded!!
First mistake people make is they have kids when they can't afford them. Thats a one way ticket to debt serfdom if ever there was one. You can't afford a decent car, which you need to get to work. You can't afford day care, which you need to get to work. You can't afford to take a day off to take your kid to a doctors appointment, but you do it anyway and backwards you go. The list goes on and on.
I think it may be time for a fat poor index. How is it that people with lower incomes are, on average, fatter than people with higher incomes? Add this into the Doomsday group of indices, along with "Things that make you go...WTF???"
I'll tell you why they are fatter. They eat cheaper food which is often loaded with corn syrup, artificial flavor, chemical
stabilizers, texturizers and processed carbohydrates. I belong to a service organization that does a few major food drives a year for food pantries. We are told not to encourage basic ingredients be collected as most of the people that rely on food donations do not know how to prepare wholesome foods. Canned beans are fine but not dried beans which are cheaper but require more time to use. Instant rice is fine but not bulk dry brown rice that has more fiber and nutritional value. Canned soups, canned vegetables, canned fruit but no raw vegetables or fruit. Boxed puffed cereal products and no basic bulk cereal like rolled oats, flax seeds, etc.
One would think that knowing something about basic wholesome food preparation should be part of school education, how to responsibly manage personal finances and other preparation for health and well being throughout life.
That would assume the government would want people to know how to prepare food and keep themselves healthy...
and, of course, the ANSWER to the poor is to throw money at them, taken from someone else.
Because in marxist doctrine, the poor are only poor because of oppression by the rich, and all humans are interchangeable. The only difference between poor and rich is bank account balance. There are NO behaviors that lead to poverty or wealth.
Worth the read regarding fairness.
http://shooteratheart.wordpress.com/2009/06/14/mr-prez-please-read-this-...
It's genius isn't it?
Get people hooked on the gubmint, steer them in one direction, and - VIOLA! - people hang themselves in the noose of total control. Get 'em while they're young, spend a minimal amount of money brainwashing them and all you have to do after that is print money. Their own vices pull them back on the bus.
Like the old saying goes, "Give them enough rope..."
I eat like crap also and I only weigh 170 lbs. Then again i have a job and do not sit on my porch doing nothing all day.
A lot of poor people have jobs too, just shitty ones, because there are not enough good ones to go around.
http://www.classwarfareexists.com/study-more-than-7-in-10-low-income-fam...
Worth the read regarding fairness.
http://shooteratheart.wordpress.com/2009/06/14/mr-prez-please-read-this-...
"One would think that knowing something about basic wholesome food preparation should be part of school education, how to responsibly manage personal finances and other preparation for health and well being throughout life."
Cooking a prepared meal of Navy beans, onions, lil' molassas & some tabasco would be a cheap, delicious, nutricious meal.A big skillet of that would feed 4 or 5 people for under 2 bucks.
Alas.. whatever info is transmitted to these peeps in their breif attendance in public schools is barely enough to read, much less think critically.
The only skills they have after finishing around 9th grade are; pipelighting, 40oz opening, EBT-swiping, phukkin, & fighting.
I wonder how things will be when the feeding tubes are withdrawn from the cities?
Excellent points Lincolnsteffens, with which I agree. Unfortunately, food banks choose to cater to these food biases, which in turn perpetuate the continuing need for food banks. As an alternative, I think food banks need to educate their clients, encourage them to make better food choices, and have those better choices available for their clients to receive.
Second point, Dr. Lustig from USC Medical Centre in San Francisco (see http://uctv.tv/search-details.aspx?showID=16717 ) has found that high carbohydrate diets, especially ones loaded with fructose cause or contribute to people`s brains and endocrine systems being tricked into thinking and acting as if they are starving, even after finishing a 2,000 kcalorie meal (or more). The brain therefore says `conserve energy, we`re starving`,so the couch and TV or video games become the answer. They don`t have the energy to get off the couch, let alone the gumption to find or keep a job.
Change their diet, and in 3 days, they have the energy to get off the couch and get busy with the rest of their lives, including finding or keeping their job.
Alzheimer`s Disease, diabetes, obesity, cardovascular disease, arthritis, liver disease, etc. are caused or contributed to by poor diets, high in carbohydrates. Big food has spent billions of resaerch $ and advertising to make their factory food, high carbohydrate concoctions addictive so as to maximize their profits, and they have succeeded completely.
Can we realistically expect someone to simultaneously fight a war on 2 fronts (ie. fight their own endocrine system, as well as fight the billion dollar research & marketing capabilities of Big Food), and have a reasonable chance of success?
Excellent points Lincolnsteffens, with which I agree. Unfortunately, food backs choose to cater to these food biases that perpetuate the continuing need for food banks. As an alternative, I think food banks need to educate their clients, encourage them to make better food choices, and have those better choices available for their clients to receive.
Second point, Dr. Lustig from USC Medical Centre in San Francisco (see http://uctv.tv/search-details.aspx?showID=16717 ) has found that high carbohydrate diets, especially ones loaded with fructose cause or contribute to people`s brains and endocrine systems being tricked into thinking and acting as if they are starving, even after finishing a 2,000 kcalorie meal (or more). The brain therefore says `conserve energy, we`re starving`,so the couch and TV or video games become the answer. They don`t have the energy to get off the couch, let alone the gumption to find or keep a job.
Change their diet, and in 3 days, they have the energy to get off the couch and get busy with the rest of their lives, including finding or keeping their job.
Alzheimer`s Disease, diabetes, obesity, cardovascular disease, arthritis, liver disease, etc. are caused or contributed to by poor diets, high in carbohydrates. Big food has spent billions of resaerch $ and advertising to make their factory concoctions addictive so as to maximize their profits, and they have succeeded completely.
Can we realistically expect someone to simultaneously fight a war on 2 fronts (ie. their own endocrine system and the billion dollar research & marketing capabilities of Big Food), and have a reasonable chance of success?
Maybe it's because they have all day to sit on ass, watch daytime TV and do nothing but eat, breed and do drugs.
because they EAT TOO MUCH.
the poor suffer from REASONS they're poor, and ONE of those is low impulse control and an inability to deny immediate gratification!
I find it amazing that this site is populated with so many people who cling tightly to fundamental marxist precepts.
Yeah you're right, the fucking poor they are the root of all our problems, and they should just stop eating so much. But hey, you can't blame poor kids, they are trying their best, millions go to bed hungry every night:
http://abcnews.go.com/US/hunger_at_home/hunger-home-american-children-ma...
And it's pretty difficult to have a high IQ after a childhood of malnutrition.
In short, FOAD trav.
Worth the read regarding fairness.
http://shooteratheart.wordpress.com/2009/06/14/mr-prez-please-read-this-...
Why on earth would you have 2 kids if you are only making $23k/year?
Probably because you find abortion abhorrent, since ya ask.
And/or you find any form of birth control offensive. Usually it is just folks are too fucking stupid to slap on a condom. I know for a fact that a vasectomy from a well respected urologist costs about $300.00 cash (no insurance coverage).... Perhaps the best investment I ever made after I had my ONE child. I would gladly give to a charity that offer them at a discount.
Without some fertility amongst the young of the species, who's gonna pay for Medicare?
Talk about a fuckin' fly with a sledgehammer.
Here's the deal about welfare:
Those working for the Federal Gov don't realize they are on welfare and those on welfare think it's their job.
Accurate, and succinctly stated. I encounter many of both. It still amazes me that those on some form of aid act as if they somehow "earned" the money they receive. Truly nauseating.
A "progressive" lawmaker in NY said as much, when confronted with the data on EBT withdrawals in strip clubs. "We don't tell the police or teachers what to do with their paychecks..."
I'm sure they spend much less at the strip clubs than the Wall St. crowd.
Awesome comment. I left the fed many years ago. To make my mark in the private sector. Now that I have, I'm trying to get back in for a semi-retirment. Compared to the banking sector it's a dreamy way to spend your latter years. 37-47ish
.
I have thought of the ultimate debauchery myself. As you noted, it is cushy, lucrative, and brainless with unimaginable (for the private sector) bennes. Just can't repress my self-respect that much, though.
Almost like going back into the womb. Had I not expressed myself so clearly to my previous coworkers, I think I could have already been back. They take their "job" seriously. I had forgotten.
Productivity gains (ie. robots).
I have often wondered why some people are succesful and others are not. Why there is rich and why there is poor. I have often heard that if you took all of the money in the world and spread it evenly within 2 generations it would be back in the hands of a few. I think this is true from what I have seen.
As a product of working class parents and walking on this earth for 50 years, I have come to the following conclusion about society.
My reality is that the single biggest determinant of success (as defined by upward mobility in the US) is IQ. I think if you overlayed IQ with economic position you would see a direct correlation. Obviously there are personal circumstances that can change this (i.e. drug addiction for the down side, and a strong work ethic for the up side) but I bet you would find that society's ills will never be resolved by government managed social policy. As much as the liberals might wish it, you cannot alter the natural order forever by legislating a trophy for everyone. Its why some people will stand in line every week for a lottery ticket, spend most of their money on the latest crapple fad or that special set of sneakers that they can't live without . Its not really that hard to understand why some are rich and some are poor. Just sayin
Why are the rich rich?
The poor are honest, the rich are thieves.
The rich spend some of their money on PR convincing the rest of us that the poor are lazy, stupid and criminal when it is the rich who are lazy, stupid and criminal.
It's that simple.
you are stark raving out of your mfing mind
go walk through Detroit at night and tell me about how nice the poor are. You can't leave something outside in these neighborhoods; it will get STOLEN in about 20 seconds and their justification will be that you shouldn't have left it there if you didn't want it stolen. Car theft is an EPIDEMIC in poor neighborhoods. When the police do stings, the beloved noble poor respond that it isn't FAIR, how could you leave a car with the keys in it/a truck with electronics boxes in it/a trailer with merchandise in it/anything of value without protection and actually expect them NOT to steal it?
You effing marxists make me want to puke
It is a fact that the people of Detroit, as percentage of income, are some of the most generous contributors to charity in the USA.
Total contributions $1.8-billion Median contribution $2,329 Median discretionary income $53,508 Percent of income given 4.4%
http://philanthropy.com/section/How-America-Gives/621/
This is certainly the dominant factor and why socialist redistribution schemes always fails as do welfare programs. The IQ distribution is a Gaussian centered on 100. This means 50% of the population has a IQ less than mean of 100. In a modern technical society one cannot function effectively with an IQ of only 100 or less. To be a useful scientist or engineer requires an IQ of at least 120. In previous, highly labor intenstive agrian socieities this issue was not as important. One could still contribute as a field hand, lumberjack, fisherman etc. Supply and demand governs salary. So those rare individuals one or two standard deviations above the mean IQ of 100 are in very short supply. I re-discover this immutable fact everytime I post for postdoctoral positions in my research group.
It is worth noting that the IQ distributions for ethnic groups do not overlap. IQ tests place a premium on abstract reasoning. Those groups lacking this attribute due to evolutionary differences (e.g. African, pacific islanders, native americans) have mean IQs left shifted relative to caucasians and asians. Since technical knowledge and ability are so valued in modern societies such ethnic groups will be underreprented in highly paid professions and overrepresented in the low income groups. Nothing .gov can do about it.
is a sigma 33% each side (67-133)? is it a fat tail..do they normalize the distribtion using log scales?
smart = street smart or able to read, write, do sums, spot patterns?
or is it drive and determinations
old saying....behind success lies ambition, behind ambition lies effort, behind effort lies someone willing to try
Chances are I've given more IQ tests than the rest of you combined over the last 15 years and John Coltrane's comments are accurate - of course he's trained in research methodology, understands demographics, a normal distribution curve, what a standard deviation is, etc. One would think that those here would recognize and separate opinion from empirical information and appreciate it.
I have to disagree. The most wasted commodity in the world is talent. Work ethic is the secret ingredient. Hell, you can even get by with no talent if you work hard enough, but it doesn't work the other way around.
Having studied in a environment populated by genious (University-level Physics) and worked in an industry filled with people with above average IQs, many of which are at the genious level IQ-wise (Software Development), I can positivelly say that IQ has very little relation to success in today's society. I know several people with above average IQs (some of them at the genious level) who are in practice natural born loosers.
Roughly my impression is that, the very intelligent and yet looser people differ from others mostly through their lacking the ability to take risks.
Of course, this is all about being somewhat successful but not millionaire-level successfull.
For having true wealth, I would say that what counts the most in today's society is having connections - being the scion of well connected, wealthy parents is the single best predictor of success. What we have is a society of old-boys networks, cronyism, dynastic lines and corruption, which is why social mobilty is at record lows (statistically, the American Dream is now a huge lie), wealth inequality is at record highs and the whole thing is going down the shitter: a society that doesn't use its best people in the best way is condemned to collapse under the weight of all the errors made by the sub-par human resources in positions of responsibility.
Acet's analysis cuts close to the bone, he is a smart feller, yet, not a smart speller! so go figure!!
frankly, all this means is that you are a dumb@ss.
IQ is analyzed by a lot of people, crunching tons of data and actually what you say is totally false. IQ is one of the BEST PREDICTORS in existence for socioeconomic success.
That you don't understand that what I just said IS NOT equivalent to "higher iq = higher success" only means that YOU don't have a high IQ.
Wealthy parents tend to be smarter than average. They are evidence in FAVOR of the trend WRT IQ, not opposition of it. Smarter guys tend to make more money and get hotter chicks to bear their offspring.
What this ends up meaning is that the upper class gets taller, prettier, smarter, and wealthier as a matter of basic biological breeding. The under class goes the opposite direction.
You see this if you are willing to look. It's not a comfortable realization for marxists, which is why most of ZH struggles to accept human biodiversity.
Human biodiversity is one thing, not-so-closet racist theory is another.
LOL!
The last IQ test I had gave:
Einstein --- Me ----------------------- Genious-level ------- Average ---------------------------------------------------- Doorknob
I'll save you the number, it's my experience that people get huge, wild expectations when I tell them The Number.
And yeah, I've crossed paths with people whose daddies were rich so they had lots of money or who had high-level management positions and yet those same people couldn't follow me (even wheb I was trying to slow it down) as I tore down a problem into its components and connections. And these were just the average intellingence ones, some of them were outright stupid.
But hey, just ignore me - who have probably met more geniouses in a year than you will meet in your whole life and who do have an IQ above most of them - when I talk about what I know first hand on IQ from the inside and from social contacts and keep believing your theories: I can understand the comfort that can come from irrationally believing oneself inherently better than other people.
You just said it Silver Guy, still, if you are willing, yet your education and social skills, things you learn from the enviornment in which you were raised, are not in demand,,, no job for you!
I believe it is a component of leadership to find useful employment for the people, the fact that so many are non contributators is a failure of leadership, "as the twig is bent, so grows the tree", in America we like to blame the victims for not doing what they are incapable of doing. This nation needs a true Leader to put people to work and restore pride and dignity to the home.
Half a brain and a bit of work will take you far in this world. Of course, half a brain and a few bribes and contacts will take you even farther.
you feel you have to apologize for pointing out the truth?
Go down this rabbit hole further; most behaviors are genetic. There is a mountain of evidence which proves the hereditability of traits and tendencies, from math prowess to criminality.
You are going to be all over the mental third rails of the closet marxists on this site and everywhere else.
No matter HOW MUCH you ZH cretins protest, deep down, you are ALL MARXISTS and you don't even know it. You've been fed conditioning by a bunch of marxists to think in a marxist way and believe marxist precepts. Salivate when you hear the ding.
Do you really think that congress is full of really smart people? Yet they are successful by mainstream standards.
Worth the read regarding why some are productive and some not so much....
http://shooteratheart.wordpress.com/2009/06/14/mr-prez-please-read-this-...
We've decided that anyone, no matter how loathsome, can have as many offspring as they desire. And we must pay for them.
Suggest otherwise and be accused of genocide and racism. Doesn't matter who the target is either, its verbotten.
Pssst... here's a little secret... it's how you increase your voters.
Of course, since we've also decided to make abortions nearly impossible to get in many parts of the country.
Worth the read regarding equality....
http://shooteratheart.wordpress.com/2009/06/14/mr-prez-please-read-this-...
Perhaps there are too many entitlement incentives to pop out more kids in the first place? I'mm too cheap to have that many rugrats crawling, gnawing and consuming.
Ask any Latisha or Maria if having kids isn't profitable. There is a reason why they have so many kids, and they make sure "baby's daddy" is either unemployed, illegal 'grunt {can't be traced} or soon to be incarcerated. Who needs a father when you have Uncle Sugar?
look; humans are biodiverse and you are imputing a calculating nature to this trend that isn't warranted. Different populations of humans have different reproductive strategies. Some have fewer offspring which take longer to reach sexual maturity. Some have abundant offspring that mature faster. Some form more frequent families and fathers are invested in the care of their spawn. Others prefer a more rodent-like strategy of just impregnate then move...it's a volume game.
It is true that different populations reach puberty at different average ages. Some populations can hit it and be ready to go at as low as 9. Others may take half a decade longer on average. So, to ensure that your offspring survives long enough to carry the genes on, it requires a different evolutionary strategy and different investment of time and care into them. Those that have stronger families and civilizations can do that with the latter, not so much the former.
There are nations where children starve and parents are reasonably well-fed simply because it's not part of the reproductive strategy to really care for the children. If foreigners will do it by airdropping foodstuffs, all the better, but that doesn't change the biology which created the behavior.
It's not so much that you are incentivizing the people you speak of; you are merely preventing their offspring from dying like they would under natural circumstances of disease or starvation. These biologically-sourced behaviors aren't going to be "educated" out...they're just how people ARE.
Worth the read regarding how people "are"
http://shooteratheart.wordpress.com/2009/06/14/mr-prez-please-read-this-...
You need children to draw WIC and AFDC. Once the kid is born, it might be "handicapped" which allows for a whole raft of benefits.
Having children is not that bad of a financial decision for those who want to work the system.
It's true.
Paid off handsomely for the Bush family.
Even poor people want to have families jackass - having kids is not a 100% economic decision like buying a new car or TV
You're flattering them by assuming they apply a thought process to buying a TV. There is a reason walmart does tax returns. Hell, I'm surprised they haven't moved the tax cubicles right into the electronics section.
People are also poor because they have low IQs. And unfortunately, they are outbreeding the rest of us so the number of poor keeps increasing along with the poor coming here from other countries. At least half of all illegals are on welfare.
A bit of solace for your troubled soul... the poor are also dying faster, so no need to worry about an uncontrollable infestation (beyond the normal GDP-related ebbs and flows).
Nor any mention of "not enough jobs to go around"... or "got fucked buying a house at the wrong time", or "graduated with $30k owing on a student loan and the only job I could find was selling cell phones at the mall".
If only those homeless children had a better work ethic they would have a roof over their heads. Christ, Americans are really a dumb bunch.
It's thier idiot parents dipshit. I've met some of these homeless children. It's not their fault, but they don't stand a chance. It's because mom is 20 and already had 3 different kids to 3 different babies daddy's and gets a disability check for being pregnant all the time. The system perpetuates this and it's jack-offs like you who enable it.
um, have you done the math? do you know what it takes to get above the $23K poverty threshold? 52 weeks of 50 hours a week at $8.90 an hour, for just one adult in that family of 4. the federal minimum wage is $7.25.
so yes, it essentially impossible to have any work ethic and not make $23k.
Couple of stories. (Based on the UK)
1) My mate works in the SS office and she says a daily occurence is a mother bring in her 16 and one day old son/daughter and demanding a house for their child as they are not willing to support them anymore now they are 16.
2) My mate was out as you do drinking, he met a girl and ended up in an alley with her doing the dirty, a couple of months later he finds out shes pregnant but has no idea who the farther is, it turns out she has 4 kids (The max you can claim for SS) but one of them had just turned 16 and she had kicked him out (See #1) and needed to replace him to get her maximum child benefit.
In America we can smell those girls a mile away. They usually work at the waffle house.
Fuck the poor. Most of them are there by choice and are fucking parasites.
What's your excuse?
It's from a company called PAYDAY LOAN.
From the UK.
Look at the UK, LOLOLOL!!!
The limey's like to throw rocks while standing naked, that's why we have to bail their pansy asses out all the time.
We are all poor and up to our eyeballs in debt. $16.5 Trillion divided by 130 Million workers = $126K in debt. How many American workers have $126K to pay their share of the Federal Debt? By the end of 2013, American Workers will owe $136K. How many American Workers can pay an additional $10K inl taxes, per year, just to keep the debt from going up further?
But isn't disability an occupation?
It should be included in BLS figures.
Underground economy. No data for your infographic.
Pink.
Hello Kitty Pink
I've trained my mind to stop reading when I perceive it...call it, anti-sensory block...lol.
What percentage of those "pinkies" are Jewish?... It's a simple question [junks unwarranted until AFTER statistical & scientific research & rebuttal]...
~~~
7 million 'drug addicts' ~ Does that include INVESTMENT BANKERS?
If jews were your only problem, you'd be in good shape, they aren't, you're not.
Ironically ~ Jews aren't MY problem, They're YOURS [Mostly ~ because I don't borrow money that shit-fucks print out of thin air]... ~~~ So 'CLASSICLY' ~ The JOKE is on you...
~~~
For the record ~ If there is any perception of francis_sawyer [towards JEWS] now & in the future... It stops there... I don't want to burn them in ovens, I don't want to spray paint grafitti on their temples... I JUST DON'T WANT TO BORROW FUCKING MONEY FROM THEM THAT THEY OWN THE FRANCHISE TO PRINT FOR THEMSELVES OUT OF FUCKING THIN AIR...
Ha Ha Ha... THAT's the most heinous crime [of all] in their eyes... [which is the reason for the "junks" above ~ unless you think ZERO investment bankers are jewish & only GOY snort coke]...
francis
what is your opinion of Aaron Schwartz?
"For the record ~ If there is any perception of francis_sawyer [towards JEWS] now & in the future... It stops there... I don't want to burn them in ovens, I don't want to spray paint grafitti on their temples... I JUST DON'T WANT TO BORROW FUCKING MONEY FROM THEM THAT THEY OWN THE FRANCHISE TO PRINT FOR THEMSELVES OUT OF FUCKING THIN AIR..."
Good for you, Frank. You're making excellent progress. I'm glad you're past the "burn them in ovens" stage.
Nobody here is going to make you borrow money from them, if you don't feel comfortable doing so.
Great ~! that's what I've said all along...
~~~
Now I'm 100% satisfied that the worlds DEBT MONETARY FIASCO has been solved in a way that is EQUITABLE for the entire planet & enslaves or 'kills' NOBODY... We must be making overnight progress on the issue...
Considering the Jewish population is around 2% in the US, basic statistics leads me to believe that sub 1% of the pinks are jews.
@GFK
I only posed the question because I believe that THAT dissemination of the social fabric is RELEVANT in ANY discussion...
Numbers [pink numbers, as the case may be, on a chart like this] cannot be HONESTLY viewed unless you take that into account...
If you DISLIKE my 'social' reference to JEWS ~ may I also suggest that if that is the case, then there NEVER should have arisen any question about CIVIL RIGHTS in the 1960's... It's a sword that cuts both ways [as the case may be]...
I get what you are saying but a better term would be something like "the elite". The vast majority of politicians, lobbyists, are high level execs at fortune 100 bank and media companies are white. The jewish pharmacy or jewelry store down the street are simply people trying to live like you and me, no great conspiracy going on there.
The enemy is the state, not people. Hatred toward other citizens is exactly what the state wants.
I don't follow you civil rights sentence.
Zionist ashkenazi jews. They aren't your typical run of the mill synogague types.
There are many 'Jews' that are fine people... I have re-iterated many times that that is the case...
What THEIR OWN identity [unfortunate for them ~ those 'regular types] has to contend with is the immesurable & statistical MAJORITY that they've achieved in the POWER NODES of investment banking, political lobbying, & mainstream media... If you 'GET' my drift, THAT was my 1960's civil rights reference...
IOW ~ 35 years AFTER the 'civil rights' movements of the 1960's [& as we stand today]... there are MANY people who still view the UPRISING as a voice of the FEW versus the MANY... I'm not here to call that 'RIGHT vs. WRONG' I'm just saying that it's palpitable... Now think about it [I don't even know the exact numbers ~ but what was it? ~ 12% blacks vs. THE POPULATION]?... Now ~ FAST FORWARD... If a REAL CRISIS occurs [Economic Wise], trust me... SCAPEGOATS will be ushered forward [as ALWAYS occurs in MOB mentalities]... In this case it will be FAR WORSE... Firstly ~ Because the JEWS aren't only 3% [vs. 12%] of the POPULATION... But that economics & banking are FOREMOST in everyone's lives... Alabama 'BLACKS' in the 1960's didn't rate as high on the 'richter scale', by comparison, YET the MSM had no problem whipping up everyone into a TAKE YOUR SIDE frenzy about it...
I feel SORRY for the future of the 'GOOD JEWS' in this country [& around the world] when that day arrives... VERY FEW seem to be outspoken or vocal about this impending crisis [they seem more content to CASH THEIR CHECKS in the process], so I guess it's THEIR problem when it happens...
I'm not a good Jew because I am outspoken, debt free, armed and will blow your fucking head off if you come after me. There is not a single banker, wall streeter, government official, corporate officer amongst my extended family. The only lawyer used to do pro bono work and was tenacious in trying to keep his indigent clients out of jail if during his investigation was convinced of their innocence. That's right he investigated and gathered facts at his own expense. He usually won, from the first charity case of a wino accused of murdering his best friend with Sterno added to the cheap wine they both drank.
It is easy to judge people that are a different from you and your comfortable know nothing superiority about another culture, religion or ethnic group. It is called prejudice and scapegoating. This is pretty much a universal human trait akin to tribalism that views all other tribes as suspect and not as worthy as those in your tribe.
francis is trying to destroy ZH one insane post at a time. I have idea what his motive is.
Okay, i'll buy that....IF you tell us you sympathize with Palestine. Otherwise, you are a hypocrite.
What's your thoughts on US tax dollars subsidizing Israel?
and btw I've been told that my ancestors were out of the Tribe of Dan, when can I expect my cut of the modern day "Promised Land" action?
the rest of the twelve tribes are sort of curious about that too.
spartacus?
why does lincolnsteffens' tribe get all the fucking ink? oh boohoo...woe is me. ;p
I guess my tribe just wasn't as good at being professional victims...
All of these explanations are off the mark. Paul Krugman told me the reason these people aren't working is because Bernanke isn't buying enough MBS.
Paul Krugman is a Keynesian - he does not care whether people are not working as long as they get an unemployment check to spend and stimulate the economy - they do not need to dig and fill in imaginary holes in the ground - they may as well stay at home. There is no difference between an unemployed person and and any other government worker - both are takers rather than makers - neither produce any tangible product that anyone else can consume.
Next time you talk to Paul Krugman do me a favor and kick him in his twat.
Anyone hear this from Sean Egan?
It sounds to me like he has sold out too...
http://video.cnbc.com/gallery/?play=1&video=3000141348
He seems to imply that we can grow our way out and there is a chance at an Upgrade. Right after monkeys fly out of my ass.
Yes Charlotte he sold out. You see, when being right means the end of the world as we know it, then there aren't many people interested in being right.
You can always find a job to pay off your PayDay Loan you poor lazy sap <snark>.
I've spent a few years working with both rich folks and poor folks. The single biggest difference I found between the groups is that when the poor folks are slacking off, they KNOW it.
When the rich folks are slacking off, they tend to think they're just benefiting from their "innate talents."
Give 'em a mop and put 'em next to the average Mexican and we could find out who the lazy ones are...
But its hard work shopping with your 100k+ paycheck during workhours while all your poverty stricken employees on minimum wage run your company without your leet management skills.
You think someone should apologize for being a successful business owner?
They took most of the risk. Why shouldn't they reap most of the reward?
Show me a poor person who hires employees.
The reason they know it is because they have some rich guy sitting on their back telling them they are slacking off
Thank goodness for the endless printing. If it wasn't for the Bernank my there might be a whole bunch of bankers trying discovering what work ethic actually is. We wouldn't want that now would we? It's much easier to make the poor even poorer through inflation. It's all good though they get a few scraps thrown their way to keep them in check.
Doc listen to the vid I posted above. I am curious of what you think.
Shit I can't. It requires flash and all I have is my crapple.My computer is in the shop.
Brutal. I am floored at what Egan said. I truly think his balls were in a sling.
anyone else have any input? Was that a 180 or an I nuts? Tyler?
I certainly hope that's not the case. I'm sure he is getting an enormous amount of pressure, but if he gives in he will lose the credibility he has built up for him & his company.
We are gonna Lehman AAA this thing to the end.
That's been my take. AIG was triple A all the way to the end. I know people who went bankrupt with credit scores over 800 and the U. S. will go down the same way.
I think you guys are on the right track.
I guess there will be no civil discourse. Wow. What a total bummer.
Don't waste your time, Doc. He has no idea how to rate a sovereign that's got a printing press in the basement. He's only concerned that the government could (through stupidity or a whoopsee) decide to divert their limited tax revenues into areas OTHER THAN paying interest on the debt, should the debt ceiling be hit hard and funding prioritization be required.
On that issue, I am sure there is ZERO risk of it happening. If you believe that the bankers and government are basically the same indistinguishable group, it would be like them voluntarily slitting their own throats. Very unlikely when there are so many other throats they could slit to get the necessary blood before ever considering opening one of their own veins.
Would that be a fair summary and conclusion?
But Egan was different! (stamping feet).
Fonz, he just DOESN'T KNOW. There is no road map for this. He's lost. He can't even venture a guess. It's what happens when all the real power concentrates in the hands of a very few (or one). They make decisions, nobody can push back if they don't like them. They hold the cards and they'll use them however they see fit. The rest of us will live with the consequences.
Ratings in the traditional sense are MEANINGLESS when applied to a sovereign with a printing press. They can pay or not pay at their whim.
All you can do is look to see who continuing to pay helps/hurts and who NOT paying helps/hurts. Lay that over the power those two constituent groups weild over the administration/government. That determines what the decision will be. Nothing else.
"They hold the cards and they'll use them however they see fit. The rest of us will live with the consequences.
The rest of us will hedge accordingly. I refuse to live in fear. I will wake up tomorrow and get after it, I will find a way.
Agreed on that point. I'm not throwing in the towel. There will always be individuals who succeed despite a deteriorating macro environment. I will be one of those individuals.
And I haven't even needed to steal from widows and orpahns to do it! Nor will I ever. I'm just not wired to be one of those people who will cost you a dollar to make an extra penny for myself. I think I may be one of the last of a dying breed. No matter how hard I try I can't find a way to fully drive the concept of meritrocracy from myself. In short, I am probably the biggest fool and idiot in the country as of this writing.
that makes 2 of us. hang in there bud.
Make that three. Skateboarder will not operate on anything but merit, trust, and respect. Would honestly prefer no life than a dishonorable one.
Spartacus x 2! :>)
He basicly lowered the bar today, so we can continue debating the unfunded issue tomorrow.
What happens when the invisible poor become completely desperate, with nothing to lose? Bunker up Americans, i'll be sitting down here with my feet up in Canberra - the new capital for the elite while your country turns into a hell hole.
"It is unusual among Australian cities, being an entirely planned city outside of any state "
http://curiouserthanusual.blogspot.com.au/2011/05/illuminati-canberra.html
http://seeker401.wordpress.com/2012/03/06/the-occult-history-of-canberra/
This year we celebrate its 100th birthday. The symbolism in the logo is curious, isn't it?
http://www.cockingtongreen.com.au/gallery/centenary100-tag-cmyk-1col-yellow.jpg
Elizabeth Windsor sure loves it here.
I'm probably envisioing a ridiculous link, but Canberra was "created" the same year as the US Federal Reserve. Interesting.
Right. And don't worry, we'll still be here to defend and rescue your Commonwealth. Again. Like we did the last time.
No need to say, thank you.
It's true, and I do appreciate that Cxl9.
canberra,,government in the middle of nowhere funded by tax payers to tax those who dig holes and send dirt to asia..
memo to you: one day your hole will be bigger than assholes in your government
how many of those are 'imported', like fine aged whine.
how many of those are inept?
how many are ex daytraders, forex junkies, and the other side of Steve Cohens trades?
Great work until you get to "What makes people poor," then it reveals itself for a fucking dog piece of shit work.
Da Fed + Da Banksters + Da Politicians = The Land of Poverty.
The other fucked up thing about this is this: The poor will make us all poor. They don't buy shit, they don't support the economy, they pay less in taxes and transfer payments will bring the healthy down.
The transfer payments that are killing us are going to EVERYONE, not just the poor. That's a big part of the problem.
Medicare D will eat your future WAYYYYYY before foodstamps and section 8 subsidies will...
We take in 2.3 trillion and 2.1 trillion goes out in transfer payments the other .2 trillion plus goes to interest on our debt.
2013's budget:
34% Social Security and Unemployment, 24% Medicare and Health.
While you are correct that it isn't just the poor, when you get into the demographics you quickly realize that cutting that shit for the rich or even the middle class does jack to the debt.
While you are correct that it isn't just the poor, when you get into the demographics you quickly realize that cutting that shit for the rich or even the middle class does jack to the debt.
Well, obviously, in a country where such a huge percentage of people are "poor" by consensus standards, if you blame them for everything, you're mostly right just by default.
I pointed out a few months ago that "$60K was good money" and got slammed for it. There's something seriously wrong with people's ability to interpret the statistics or something.
nepotism and graft are just a figment of your imagination.
there is law in this country.
any field you want to work in will have you.
as long as you "work hard enough".
none of this has anything to do with those who hold capital, or how that word is defined. i need to remember that the next time i need to draw four other rents from people doing what they can to keep it together just so i know i won't have to sleep in my car, that it's all because work is readily available in the skill set i hold, so just keep at it bucko!
it'll all come your way some day!
beautiful artistry. those that have deserve it, not because they followed orders, no, because they deserve it.
I am so tired of this shit.
how do people even define work ethic any more? when it is a necessity to placate oneself in the face of your "master" simply to subside?
if it had anything to do with skill, then i, as would hundreds of thousands, would determine our wage and our treatment based on our innate and learned skill. but this is not how it is to work.
burn fuckers. treat me like a machine, and i will act like one.
That is no longer the case. Hard work is not rewarded unless you under bid the other 200 people who are applying for the job or have a network which can fast track your application.
Competition from in-sourcing has made blue collar work go under the table in many areas (construction, landscaping, farming labor).
Outsourcing of IT jobs places US tech workers in a position to compete with people who can live on 350 US dollars a month. In Mexico, the Comcast tech makes 3.50 a day.
Even Zerohedge is terrified to address race.
Race is a terrifying proposition to address, at least from a journalistic stand point.
Do your part. Find some data.
Easy solution; it's not race, it's ethnicity.
I speak from multicultural experience.
PayDayLoan?
Know your demographic?
A cultural nonsequitur that cares?
Compiling other people's data?
And Obama bailed out Wall Street who in 2009 took no losses on the stock market, all the while the Fed secured the puts and Obama pushed the credit.
If you, could, do your research you will find it was George W. Bush, Henry Paulson and Timothy Giethner (then the FRBNY President) that shoved TARP down our throat. Tarp was an 8 page document designed to loot the US Treasury upon the end of the Bush administration.
I will not argue to what extent Obama was complicate in this fraud but, I will, definitely, point out you are absolutely and irrefutably incorrect saying it was Obama who was behind the wheel when Wall Street got the , moral hazard, bail out.
Read a book. You don't know what you are talking about and please point out my misspellings and don't forget to call me an anti-Semite.
That's really the gist of it all. Had all of the money that went to the TBTF and all of the subsequent QE's gone into the private sector in various forms it would have gone a long way to creating jobs and income for the "poor". I'm sick of these fuckers saying they are looking out for the poor when they spend hundreds of billions of Benny Bucks on wars, failed solar companies, dying automobile companies, corporate welfare, banks, and pork for everyone who might know where a body is buried. This combined with reckless FED printing and artificial reporting of the economic data serve to keep current business owners from making management decisions that could in turn help stimulate the job market thus providing some relief. Obastard care, tax increases, and further restrictions on Liberty go a long way in clustering the fuck out of the situation as well. Unless the objective is to completely destroy America, I just don't understand anymore..........
Socialist governments have created moral hazard by giving away free money to people who does not want to work. Free money are hazardous.
It is somewhat interesting...
Giving free money to charity produces more charities and poverty.
Charities produce more poverty, by removing any incentives from states to care about their people (in the case of many charities for Africa), or for people to rise against dictators when they have nothing to loose.
Giving more to local charities removes incentives for people dependant on these charities to look for work. Removes incentives to save for rainy day, when they have work.
Just watched, how Canadian goverment pledged $1.5M to Syrian refugees in Turkey... Refugees are sitting there in tent camps for over a year doing nothing. Within the year they could have build new houses and even the whole new town if it is not for international aid. They could have build schools, shops, but they just sit there and complain.
It is easier just to through money at them rather than teach them needed skill to build a house, road, sewer, waterways, etc.
Within the year they could have build new houses
I dunno about Syrians in Turkey, but for sure we need favelas everywhere. That would solve a LOT of problems.
Rent's a real drag. I could afford a gym membership and a climate-controlled storage unit without it.
And "Socialist" governments have created moral hazard by giving away free money to the banks, who do not produce anything. Free money is hazardous.
Maybe this removed the incentive for them to sort out the financial system and is the reason why we are in a worse situation four years later
alentia:
I noticed that, too. The Syrian refugees are shown traipsing along wet muddy roads. It would be too much work to improve the road so they don't have to walk in mud. They show the families sitting contentedly in their tents. Doesn't anyone have any desire to improve their living conditions?
Long term, wages and relative wages to other countries are highly correlated with productivity which is highly dependant on education and capital (not money, machinery !!).
Every dropout is thus a huge burden for the economy for many, many years to come.
How can you justify high wages if you are no more educated than the average Chinese worker which only costs a fraction of your wage for the same work? Unfortunately for many americans, they cost too much and produce less than the equivalent workers in other countries.
Now, since no one wants an outright wage cut, there is no quick adjusment in wage prices, and thus, the adjustment has to come from quantities, read unemployment. This is a much more painful process which takes much more time. Eventually, whose who need to work finally agree to work part-time in a low paying job, thus a wage cut anyway.
Just tell your kids not to drop out. As a side note, try to direct them towards a career worth the investment ...
P.S. If you have a degree worth the ink and paper it is written on, you can work in another country if the economy sucks at home ...
How can you justify high wages if you are no more educated than the average Chinese worker which only costs a fraction of your wage for the same work?
Exactly. And how can anyone justify higher prices for the same shit stamped with different brand names?
What is in the process of changing this dynamic -- communication,
an ultimately simple process of comparing notes,
realizing the oppression and refining one's own definition of such a thing,
then recognizing the common ground,
and seeing where there is humility there is hope,
and when self-absorption and false leadership finally glares its ugly head,
known to a critical mass,
things will change, because they simply have to...
and may the humble and downtrodden,
carrying with them every ounce of intelligence necessary for
all that is sustainable,
prevail.
And do it big time.