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OECD Fears Middle Class Civil Unrest Is Coming

Tyler Durden's picture




 

Submitted by Martin Armstrong of Armstrong Economics blog,

tax it

This idea that we live in a world where government cares about us is just the biggest propaganda ever. Everyone one will only pursue their own self-interest. The OECD has interesting come out and warned that if governments are unable to stop the transfer of wealth to a small financial elite, the displeasure of the dispossessed middle class could easily turn and go against the prevailing governmental systems. The OECD has claimed to have discovered the existence of a veritable “lumpenproletariat” in the supposedly rich Germany. Even though the systems attempt to provide citizens with bread and circuses in the traditional Roman style to keep them quiet, such  tactics they warn may have now become obsolete after the ultimate circus is over – the World Cup.

The problem with all of these studies is the look at class warfare and not at the consumption of government. They do not follow the breadcrumbs. What if you take everything from the elites? Who will start businesses to create jobs? Who will be left to take as government pensions keep ticking away. In Germany, it has now surpassed 50% of the average persons labor goes to taxes.
 
There are a host of books coming out all about just taxing the rich more ignoring reducing the cost of government. The German bestseller “The plunder of the world” presents just another socialist agenda arguing that the rich get richer even in times of crisis, while the consequences of a crisis are always carried by the lower-income groups and the middle class. It fails to explain that the rich get richer from investment, not wage income. This is an argument to effective tax investment substantially to even out the disparity? But who then creates the jobs that produce anything? Is it that those who invest unfairly make money when the others pay too much in taxes and do not invest? Anyone who thinks that these books are real must be insane. If you think for one second raising the taxes on the rich will mean your taxes will decline – good luck. In Germany, Tax Freedom Day has passed the 50% and even in Canada it is now June 9, 2014. In the United States it is April 21st for 2014.
 
In France, the magazine Challenges has determined that the richest Frenchmen saw their assets in 2013 rise by 15% since they benefit from the profits in foreign companies. There is no discussion that government consumes too much – EVER!
 
German Debt Int%
 

The consequences of unequal distribution of wealth in the world is becoming the tipping point argued and funded by governments to blame the rich – never government. Nobody seems to be doing the math that if you confiscate all that wealth you end up with communism with taxation and government just keeps growing until it consumes everything. We borrow with no intent of paying anything back and that about 70% of the national debts is all interest that built no schools, reduced nobody’s tax bills, and did nothing for the middle class. This is fairly consistent in all major countries. Governments are trying to push interest rates exceptionally lower to reduce their deficits exploiting the middle class creating a disincentive to save even for retirement when it pays next to nothing.

The OECD is now warning like Picketty that a growing gap between rich and poor will erupt into revolution – not that government is taxing too much. According to the words of the OECD Secretary General Jose Angel Gurria, the problem since the global financial and economic crisis has exacerbated massive. “In the first three years of crisis, inequality increased more than in the twelve years before, “he told the Business Week”. On average across OECD countries, the top 10% of the population now earn 9.5 times as much as the lowest 10% but fail to explain this is from investment. Inequality has grown by 35% because stock markets are rising to escape from the craziness of government. The higher they rise, the greater the disparity.

The OECD claims this is clearly felt in the USA more so than Europe omitting the fact that the disparity comes from investment not wages. They they compare that to Europe claiming there is no welfare state in Europe so somehow this is implied to be better. The OECD then highlights supposedly rich Germany as a dangerous development with a rising disparity stating this is “namely that it is a lumpenproletariat, a very poorly trained and poorly paid part of the Arbeiterschich.

The argument now is the middle class civil unrest they know is coming is simply because they have not confiscated the wealth of the investors they call the financial elites. So if you invest and make any money, you are the new financial elites – sorry it is anyone who now invests. Michael Maier’s The plunder of the world is another book released to justify plundering the financial elites without actually identifying who they are. Sorry – it is you.

 

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Fri, 07/18/2014 - 16:27 | 4975222 NidStyles
NidStyles's picture

Long shovels!

Sat, 07/19/2014 - 09:57 | 4976747 PrintemDano
PrintemDano's picture

Once the shovels are unaffordable, the executees will be forced to dig their own mass graves with their hands.  

Fri, 07/18/2014 - 17:32 | 4975426 Seer
Seer's picture

Ah, but there's a catch: Who will pay for them?

Fri, 07/18/2014 - 15:51 | 4975045 dexter_morgan
dexter_morgan's picture

Contractor making those black FEMA boxes.......

https://www.youtube.com/watch?v=hmtdbDr3GZQ

 

Fri, 07/18/2014 - 15:57 | 4975067 Seer
Seer's picture

I think that you missed that it's NOT part of the approved government System.

I have to start thinking which tine'd impliment I should concentrate on...  My potato fork (digging variety) really looks good, but that hay fork just looks more intimidating.  And, I've been meaning to pick up a broadfork.

For those who need guidance (no hay fork because this is gardening stuff- hay fork is like the compost fork but a bit bigger):

http://www.gardentoolcompany.com/choosing-a-garden-fork/

Sat, 07/19/2014 - 04:21 | 4976540 August
August's picture

I'd think the spading fork, tines nice sharpened of course, would be great for the quick, close-in work. 

Keep the hay fork around for more ceremonial occasions.

Fri, 07/18/2014 - 16:55 | 4975336 rsnoble
rsnoble's picture

If they aren't imported and plastic don't bother.

Fri, 07/18/2014 - 21:21 | 4976105 Postal
Postal's picture

Speaking of imported plastic... I was digging around in the garage a while back. Found a plastic game that was so old it was "Made in USA"

Fri, 07/18/2014 - 17:57 | 4975497 mt paul
mt paul's picture

email me

 

 just opened a pitchfork

production facility ....

 

will send you a prospectus 

Fri, 07/18/2014 - 19:48 | 4975820 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Would you mind if I opened up a pitchfork sharpening stand next to your shop? Market research indicates that the volumes of traffic should be pretty brisk in the first few months of peek meat of the 1%ers and then

diminishing returns from there on out. I'm only inclined to lease the space as market research advises to get in-and-out quickly for best possible returns for my initial investment.

Let's do lunch.....call my secretary to set it up next week.

Sat, 07/19/2014 - 11:47 | 4976970 KnuckleDragger-X
KnuckleDragger-X's picture

A rope shop would be better with the finest in hemp ad sisal rope along with free instructions on how to tie a proper hangmans knot.

Fri, 07/18/2014 - 15:02 | 4974765 BLOTTO
BLOTTO's picture

I'll see you all you guys soon while running in the forest.

.

Meet by the red oak...we'll have some good eats, drinks and get baked in the chaos.

.

Its unfortunate that we will have to 'take out' 'people' who's minds are poisoned, but we must defend ourselves.

Fri, 07/18/2014 - 15:18 | 4974864 Headbanger
Headbanger's picture

I'm already there.

Bring moar beer.

Fri, 07/18/2014 - 16:24 | 4975208 doctor10
doctor10's picture

Almost-but not quite.  Government needs to be sure energy companiea asure cheap energy to the middle-class.  Wait until gasoline in USA hits 10.00/gallon-about 2018-and "fly-over country" figures out Fed.Gov has conspired with "Big Energy" to be selling the "surplus"  American oil and gas that is "unaffordable" to the middle-class here-to the overseas 1% in Asia/India. There won't be enough Homeland Secuirty to wall off DC/NY

Fri, 07/18/2014 - 17:38 | 4975442 Seer
Seer's picture

I wonder how many "free market" types are going to complain when others offer up more money?

One of the Forbes' clan mentioned the strategy back in the 70s about the US sitting on its oil supplies and using up everyone else's first.  Interesting comment from one of the US's big capitalists.

The issue will be more about electricity than gasoline.  I mean, when everyone's unemployed (not "commuting") then demand for gasoline won't necessarily be all that high: diesel will be more important, and I suspect that rural folks have a bit more interest in it (as I do) for farm-related activities.

Fri, 07/18/2014 - 20:59 | 4976046 malek
malek's picture

You mean middle-class had no choice than buy SUVs and similar gas guzzlers, for the last 10+ years?

Fri, 07/18/2014 - 17:40 | 4975449 HardAssets
HardAssets's picture

There's what people call 'rich' . . . . and the Really Rich

 

The Really Rich own the politicians, own the government & the media. Their owned politicians write the laws which allow the Really Rich to do what they want . . . This includes not paying taxes by using various legal fictions.

Fri, 07/18/2014 - 20:24 | 4975938 Raymond K Hessel
Raymond K Hessel's picture

I keep telling people about how everyone gets the classes all wrong but no one listens.

Rich Class - Their capital earns enough to support these people without working.  They don't work for money. They work for the career satisfaction, power, etc.  Legally, instead of owning their assets, these are hidden and not owned by the Rich Class in trusts to avoid confiscation and taxation.

Working Class - They work for money.  They might own their house outright but it generates no income for them.  They own no revenue producing assets.  If they stop working they will run out of savings and become poor. The assets they do own are available for confiscation from due process of law, usually as a result of taxation. 

Poor Class - Their poverty entitles them to benefits under social justices programs like Social Security, Medicare, minimum wages, reverse income tax, welfare checks, food stamps, etc.  Like members of the Rich Class they receive enough cash to support themselves.  They don't work for money because many don't work at all. They own very little in assets.  

There is no such thing as a Middle Class with respect to money.  You can make anywhere from $40 grand to $400 grand, it doesn't matter.  Middle Class is like saying Goth.  It's a cultural distinction, not economic.  Most of here are culturally Middle Class but economically Working Class.  Middle Class definitions that imply economics are held by the politicians who want to divide and conquer you.  

Politicians successfully convinced us all that the Middle Class was an econcomic class and the we all used to be in the Middle Class.  We'd still be in the middle class if it weren't for the other party.  

The Middle Class was a trap to fool you into thinking you weren't working class.  

W A K E   T H E   F U C K   U P.

 

P R O J E C T   M A Y H E M.

Fri, 07/18/2014 - 17:46 | 4975472 Monty Burns
Monty Burns's picture

Could someone teach Martin to write in English?  Thank you.

Fri, 07/18/2014 - 17:51 | 4975481 dark_matter
dark_matter's picture

I read a computer industry mag 20 years ago where an op-ed said "computers will be maintained by the middle class so that the upper class can control the lower class" and it was absolutely prescient. The uppers will keep enough middles around to control the lowers. Most of the middles in computers are now being imported from or outsourced to Asia where middle expectations are lower and chances of revolt are smaller.

 

Fri, 07/18/2014 - 18:27 | 4975597 Dugald
Dugald's picture

 

Ask not for whom the bell tolls.....

Fri, 07/18/2014 - 20:21 | 4975926 junction
junction's picture

Talking about taxes, the current Drudge Report banner deals with the death of a Staten Island man at the hands of the NYPD police in Staten Island, accused of selling untaxed cigarettes. The New York Daily News article linked to the Drudge banner starts off with: 

Two cops pulled off streets, Staten Island DA looking into death of dad of six after NYPD cop put him in chokehold during sidewalk takedown

---

This incident is a carryover from the Mayor Bloomberg reign, when he railed against cigarettes as being dangerous to your health and then hiked the city sales tax on cigarettes by $4 a pack, tax money that went into the city's general fund to pay for funding stuff like the Highline Park ($100 million initial city funding) to boost the value of Bloomberg's Chelsea real estate holdings.      

 

 

Sat, 07/19/2014 - 19:36 | 4978355 RichardParker
RichardParker's picture

junction:

Apparently "currently law enforcement offices are exempt" i.e. not required to register "assault weapons" they already own under the recently passed SAFE Act in New York State.

http://www.whec.com/article/stories/s3499230.shtml

 

 

Fri, 07/18/2014 - 20:54 | 4976030 Atomizer
Atomizer's picture

OECO fears Americans will hunt them down over the non traction of US Dollars Despotism efforts.. Aka more debt. Another issue, Jew MSM is suppressing the debt ceiling debate. Oh noes, we will have to send the guy from South Carolina to cut your grass. 

Either they back off or something else may happen. Get your shit together. 

Fri, 07/18/2014 - 14:56 | 4974739 onewayticket2
onewayticket2's picture

"upheaval?  we're on it, boss....already purchased 1.6 Billion rounds of ammo."

Fri, 07/18/2014 - 14:58 | 4974762 Osmium
Osmium's picture

I wonder how many rounds are in the hands of U.S. citizens?  The estimated number of civilian firearms ia anywhere between 270 - 310 Million,

 

Shaping up to be a hell of a battle.

Fri, 07/18/2014 - 15:07 | 4974808 daveO
daveO's picture

My question is, how well are their armories defended? There was, recently, a story of a teenager breaking into a National Guard Armory and shooting someone with a stolen weapon. So, if The SHTF, will near sighted, minimum wage TSA employees defend Obama's stash?

Fri, 07/18/2014 - 15:22 | 4974887 maskone909
maskone909's picture

i dont think the tsa will stick around.  nor do i think the dhs, national guard, local police, and pretty much any gov entity.  it will be a free for all cluster phuck

Fri, 07/18/2014 - 19:14 | 4975712 UselessEater
UselessEater's picture

They'll stick around, they'll love their badges power and supplement their meagre pay check by pilfering and hitting you for bribe money.... see any 3rd world nation for an example of poorly paid and resourced cops.

Fri, 07/18/2014 - 21:55 | 4976196 DoChenRollingBearing
DoChenRollingBearing's picture

Yep, as long as the chaos is not so widespread as to endanger their own families, expect the cops (et al) to be sniffing around for "protection money".

Fri, 07/18/2014 - 22:31 | 4976290 Calmyourself
Calmyourself's picture

There are better places to discuss strategy and it seems that only meatspace is secure these days.  These types of articles on Zhedge seem designed to gather in the marginal players  by the Stasi, just saying...

Sat, 07/19/2014 - 15:41 | 4977693 oudinot
oudinot's picture

What planet do you live on?  Many cops ask for 'protection money' all the time.

Fri, 07/18/2014 - 14:56 | 4974749 pods
pods's picture

That's right motherfuckers!

Oh wait, lemme set the DVR.

pods

Fri, 07/18/2014 - 18:24 | 4975585 Postal
Postal's picture

DVR? I didn't think you were gonna watch the Chelsea Clinton circus special...

/sarc

Fri, 07/18/2014 - 15:02 | 4974781 observiate
observiate's picture

i'm all for that.  seems to me "middle-class" civil unrest may have bit more of an educated and free market modicum too it than, say, "lower-class" unrest. you know, the kind of lower class unrest the elites like to stoke so that they can just take more power away from the un-suspecting lower-class folks. well at least, i hope that's a reasonable expectation for "middle-class" unrest....

Fri, 07/18/2014 - 15:03 | 4974787 orangegeek
orangegeek's picture

OECD, ahem, the UN, pumping out more crap.

 

The only place in the world where the masses are a threat is the US - they own guns.

 

The rest of the world just "takes it" like good boys and girls believing that the gewbamint is there to help them.  LMFAO!!!!

 

The socialists have impaled everywhere but the US - Barry is still trying, but it's not working out so well for him.

Fri, 07/18/2014 - 15:17 | 4974862 Jstanley011
Jstanley011's picture

I'm thinking we may see the mother of all backlashes against our Kenyan president's bald-faced socialism. If so, the bloodletting ought to begin in November, with a slaughter among the Dimo-craps at the polls. A party which has forgotten that Amerikans have always preferred Socialism Lite (tm), at which it is the Republi-turds who nowadays excell.

Fri, 07/18/2014 - 15:50 | 4975038 Postal
Postal's picture

One does not let blood by voting. Which, I suspect, is the cause for some concern amongst those who might be compelled to release their red elixir.

Fri, 07/18/2014 - 16:40 | 4975269 Jstanley011
Jstanley011's picture

I hear you. I don't play "pick lesser of two evils" myself. The right to vote is also the right not to vote. The franchise is too valuable to me to waste it in a shell game. Doing so only legitimizes the people who have rigged it.

Fri, 07/18/2014 - 15:08 | 4974810 lynnybee
lynnybee's picture

I really do remember a time when a person worked to earn money to support themselves.    if I wanted money for a toy or a bike or a book I had to work to earn it.   I babysat for a silver quarter or picked blueberries in the summer for a silver dime.  And I saved the money first .... asking for credit was shameful, if one asked for credit it meant that a person didn't have the money.

Fri, 07/18/2014 - 16:01 | 4975103 maskone909
maskone909's picture

you actually took the time to work for... a book?

 

that implies you can read.  that implies a thirst for knowledge facilitated by something other than a .gov vehicle. 

yes, there used to be more of us. 

Fri, 07/18/2014 - 16:50 | 4975316 quasimodo
quasimodo's picture

Apreciate the posts lynnybee, good to see you! 

Our teenage son is getting some leasons right now about the fact we can't afford an extra place to stay at the lake, or a big go fast boat, this toy or that toy. I think it's starting to sink in that one has to have money in place before even looking at crap like that. He sees some of his friends that go to the lakes every weekend during the summer and wonders why we don't "just go buy a place there" 

I will be honest, there are days I feel like saying F-K it, and just buying those toys and letting the bank worry about the rest, but that is not the way we were raised. While all the other cattle producers and farmers went broke in the 80's, pops took his lumps and muddled through-he doesn't buy into the whole letting others eat his loses thing. Now years later I see some of those same families, some having gone broke twice or more since then, living the high life and I have to wonder where the F-K is the justice while pops and mom barely scrape buy raising a small herd. The only thing that keeps me from doing what many of them have done is the fact pops still has a great reputation, and without fail any other name I hear mentioned it's always "the ones that went broke back in_____"

Still.......one does wonder if it's even worth it.

Fri, 07/18/2014 - 19:23 | 4975748 lunaticfringe
lunaticfringe's picture

Best comment on the thread. Honesty is always big with me.

This is a skewed and jaded world that has been rewarding shitbags who spend and gutting those who save and live within their means.

That's because we have a counterfeited and worthless fiat currency that for some reason, producers are still accepting. You can wipe your ass with it. They counterfeited 4 trillion since '08.

I said the very same things you said back when every dipshit in America was boying toys with make believe equity.

The problem in 'merica is that everyone is blessed and has plenty. rather than be grateful for that- our fucked up society is forever wanting bigger houses, faster cars, expensive jewelry and real estate. Wanting is a sickness. Be grateful for what you have been given and know that one day- these fucksticks will pay.

Fri, 07/18/2014 - 21:59 | 4976205 DoChenRollingBearing
DoChenRollingBearing's picture

Also a very good comment.

Sat, 07/19/2014 - 11:29 | 4976935 boattrash
boattrash's picture

quasimodo, I know what you mean. Please tell pops and mom thanks for all they do/have done, including passing those values on to you/and or siblings.

While they might not need help in a bad scenerio, they've likely built a big layer of "protection/community" by their choices and actions. I know some "salt-of-the earth" people like them, and I can assure you, it would not behoove anybody to mess with them. PS Thanks for passing those lessons on to your son as well.

Fri, 07/18/2014 - 15:08 | 4974811 Golden Showers
Golden Showers's picture

Well, this may be tangential, but since I called the Queen the Queef, and she does get substantial tax revenue from the Amerika and everywhere else (dumb bitch), and since she is not actually a true heir to the throne, (never a woman true and fair as Donne would say)... I wanted to share with you the photo of an ugly hag with no recourse but to show us who she is through body language and color of law.

Please enjoy: http://www.redicecreations.com/article.php?id=31026

May we all enjoy the Qweef's ad hominum falacy and celebrate her dimentia while her inbred, retarded lineage waits in line to say "fuck you" to us hard working American bad asses.

God save the Queef. Amen.

Fri, 07/18/2014 - 15:58 | 4975079 maskone909
maskone909's picture

lol cool site

Fri, 07/18/2014 - 19:32 | 4975770 Yes_Questions
Yes_Questions's picture

 

 

Red Ice Radio too.  

Fri, 07/18/2014 - 17:25 | 4975407 Urban Redneck
Urban Redneck's picture

You all have an actual fucking CHOPPING BLOCK right down the street from her house, which is reverently displayed at the Tower. USE THE DAMN THING as was intended.

Fri, 07/18/2014 - 15:07 | 4974812 Yen Cross
Yen Cross's picture

  The divide and conquer "class warfare" and "race baiting" idioms are failing.  People are fed up with everything! 

   Now the"pick and wedge" tactics are are being used. ( ie; The Blame Game)

  We're only 6 years into this nightmare/quagmire and it's still the other guys fault. When are leaders going to start acting like leaders, and showing some accountabilty and responsibility for their actions?

  We live in the land of forgiveness and 2nd chances people! Everyone gets a trophy for participation.

    You'll be rewarded for having an attention span longer than the common " fruit fly".   I have to puke~

Fri, 07/18/2014 - 16:04 | 4975112 Seer
Seer's picture

"When are leaders going to start acting like leaders, and showing some accountabilty and responsibility for their actions?"

When people stop FOLLOWING them?  And at that point they'll ("leaders") will be out of "jobs" no?

EVERYONE is involved here.  It seems odd to, on one hand, say that blaming others is a problem and, on the other hand, THEN go about pointing to/at others!

Fri, 07/18/2014 - 16:16 | 4975171 Yen Cross
Yen Cross's picture

     I agree. Let's wash our dirty hands and "Man -Up".  No person chooses his or her time to shine in the face of adversity.

  More often then not, individuals find their "true"self worth in times of crisis..

Fri, 07/18/2014 - 15:15 | 4974825 market le pew
market le pew's picture

The middle class will riot when they are no longer middle class but belong to the "great unwashed". In fact, it's already starting in some countries. Look at the middle east. Look at the recent french elections. Eventually even the ignorant Americans will wake up. Having said that, I'll take that back about the Septics. The great nation of America is so ignorant they will never wake up.

Fri, 07/18/2014 - 15:14 | 4974844 F.A. Hayek
F.A. Hayek's picture

I think a public school 6th grader wrote this article. 3 paragraphs in and my judgement is 'horrible.'

Fri, 07/18/2014 - 17:37 | 4975440 dark_matter
dark_matter's picture

Three paragraphs in? The first line:

"This idea that we live in a world where government cares about us is just the biggest propaganda ever"

sounds like a kid in junior high wrote it.  

Fri, 07/18/2014 - 17:53 | 4975488 Monty Burns
Monty Burns's picture

Agreed, the article is riddled with errors in grammar and syntax. If he can'r write properly why doesn't he get some one to edit his material.

Sat, 07/19/2014 - 05:50 | 4976582 Tall Tom
Tall Tom's picture

Perhaps he did. Perhaps he hired a Seventh Grader...

Fri, 07/18/2014 - 15:14 | 4974845 IllKeepMine
IllKeepMine's picture

We are tired of the Fed making our meager savings worthless.  We are tired of having our numbers diluted so our value as workers plumets.  We are tired of government creating programs to feed the lazy from our kitchen tables.  We are tired of being taken advantage of by the banks, stolen from by wall street and lied to by the government.  We are tired of the press being the propaganda arm of the government when they should be protecting the people from the tyrants in power.  For these transgressions and many others we, the middle class, find the aforementioned guilty.  

Fri, 07/18/2014 - 15:28 | 4974928 Jstanley011
Jstanley011's picture

Exactly...

Fri, 07/18/2014 - 15:30 | 4974945 SmallerGovNow2
SmallerGovNow2's picture

+1,000.  and judging from your avatar, the government best not fuck with you...  (-:

Fri, 07/18/2014 - 15:32 | 4974952 SmallerGovNow2
SmallerGovNow2's picture

+1,000.  and judging from your avatar, the government best not fuck with you...  (-:

Fri, 07/18/2014 - 15:36 | 4974970 SmallerGovNow2
SmallerGovNow2's picture

+1,000.  and judging from your avatar, the government best not fuck with you...  (-:

Fri, 07/18/2014 - 15:16 | 4974851 Shizzmoney
Shizzmoney's picture

There isn't a middle class, what are you talking about?

Fri, 07/18/2014 - 15:15 | 4974854 Seasmoke
Seasmoke's picture

Hank Paulson opened Pandoras Box......there aint no closing it now!

Fri, 07/18/2014 - 15:23 | 4974891 Ariadne
Ariadne's picture

The OECD lurks around zh...

Fri, 07/18/2014 - 15:26 | 4974903 Obaminator
Obaminator's picture

Here is a question: How exactly is the "Middle" Class supposed to revolt and cause an "Uprising" or Civil Unrest when:

a) 50% of families ALREADY receive food stamps and FREE Money (Revolt about what?)

b) 25% of ALL US workers are Government employees/police/etc (They sure as hell are not going to Revolt)

c) 20% of All US Workers are in the medical Field and thus Make WAY more than the "averge Hiew" - They sure as hell are not going to revolt.

d) 50% of the remaining workers STILL make more than the "Average"

e) That leaves about 1/3rd of the workers that earn junk to revolt against the other 2/3rd of working class AND the 50% of leeches that received FREE money.

In other words: WHO exactly is this mysterious "Middle Class" HAHAHAHAHA LMAOROTF

Good luck with that one guys...Good luck.

Fri, 07/18/2014 - 15:34 | 4974961 Yen Cross
Yen Cross's picture

  The devaluation of the USD through the "Federal Reserve of Printing" to export inflation a defer interest owed, will take care of all your line items.

  The Fed isn't stopping QE because they want to. They just can't hide or justify the the creeping inflation through devaluation anymore. Unknown-employment is only( cough* cough*) 6.3-.1%

Fri, 07/18/2014 - 15:42 | 4974996 Obaminator
Obaminator's picture

I used to think that way...in 2008 I really thought it was the start of it. My thinking was flawed because I relied too much on "Rational" thinking, and not enough on the games being played, and just HOW FAR these fucks will go to continue playing. 98% devaluation in dollar since 1913 - 50X - in 100 yrs...and that wasnt ENOUGH to cause civil unrest...they suceeded in Boiling the frog alive, and the from ASKS for more still.

We aint seen nothing yet. And the people en mass will BEG for more. No unrest en mass.

No it wont. And if it does, it may take 20-30 years...by which time we wont be using money, we will almost ALL be living on govt dole somehow.

Game is fixed...there is no "Middle" class willing to uprsise...the real Middle Class is TOO BUSY working.

When Everyone Around you is worse off than you...you can afford to play these sorts of game.

No Civil Unrest in America unless a SUDDEN unexpected event happens...and the Federal reserves policies are neither Sudden, not unexpected.

Fri, 07/18/2014 - 15:55 | 4975051 Yen Cross
Yen Cross's picture

  Great comment. Thanks for sharing some good thoughts and ideas with me.

   The only flaw in your argument is that we live in an "finite" ecosystem. When the government can't afford to provide for the serfs without sustaining it's own debtload the spigots will shut off.

  Endless printing only makes things more expensive, as we have limited availabilty to produce resources... Imagine a rope, "ïf you will"   with .gov on one end and useless eaters on the other end.

 At some point the centrifugal force will cause the rope to seperate. The force being "devaluation".

Fri, 07/18/2014 - 16:01 | 4975096 p00k1e
p00k1e's picture

We all indirectly live on the government dole now.

Where do your customers get their money? 

The party storeowner may buy your widget, but he gets his money from EBT. 
The banker may buy your widget, but his industry is supported by ZIRP. 
The white shirt guy may buy your widget, but he is a defense contractor or a subsidized farmer. 

Etceteras…

Fri, 07/18/2014 - 16:20 | 4975194 Yen Cross
Yen Cross's picture

  Your argument is valid and I respect it. I'm self employed, from a very young age. (it would be virtually impossible with the regs. today)

 

Fri, 07/18/2014 - 17:43 | 4975458 Nick Jihad
Nick Jihad's picture

Agreed. It's not so easy to distinguish those on the dole from those under the yoke. My brother's family is a good case in point. He has worked in private-sector engineering all his life, and has coped with the offshoring, the downsizing, the H1-B competition and every other stress on that industry. His wife works for local education, and enjoys all the perks of government pay and benefits, plus feminine affirmative action, but every dollar she earns is taxed at his top marginal rate, and her pension fund is rated as one of the most underfunded in the nation.

Added together, and it's kind of a wash, for now.

Fri, 07/18/2014 - 20:37 | 4975189 boattrash
boattrash's picture

Obaminator, It seems all of your points rely upon everything operating "as is".

Look at it through the glasses of a collapsed currency, where $1 FRN is worth less than 1 square of toilet paper.

a. most of this group live as neighbors, inner cities. What % would remain after 2wks of riots?

b. see above, a. If these people don't do right, they'll be targets (besides, a bankrupt Govt that can't pay employees won't Keep employees. What % of them remain?

c.Med. workers, somewhat stable, But, fewer people needed, as many will treat themselves and family. I've stitched myself before, and would again, as well as stitching others. ALL won't go in at first sniffle, (and cosmetic shit will be near nil. PS their FRNs will also lose out, resulting in lower standard of living, hence promoting revolt.

d. Not all things revolve around how much you make, but what you can DO.That changes those %'s.

e.See all above, a-d. IMHO, my #s add up differently than yours.

Fri, 07/18/2014 - 16:37 | 4975254 gcjohns1971
gcjohns1971's picture

The problem isn't the average.

The problem is that the efforts of about 15-20% of the working age population is directly supporting the ENTIRE population.

315 million people.

About 80 million wage earners.

About 55 million of them are private wage earners.

 

55 million people are the tit from whom the rest feed.

What if they simply took an unnounced week off?

Fri, 07/18/2014 - 17:18 | 4975391 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

The 'middle class' BRICS are taking market share away from the shitty

USA petro-dollar 'Elites' and 1%er Americans as we write here. It's a done fucking deal, motherfucker, and I, for one, am watching how the Global 'middle class' are going to turn their backs on the American markets en masse and then watch as you scream bloody murder all over the Internet when you find that the American ruling 1%ers are preparing to move your sorry ass out to a concentration camp for enforced work detail and eventual death, smart ass. The 'middle classes' all over the world are going to be the last to laugh and not the Americans. Every country in the world wants to see the United States of America get just deserts for the oppression that the USA foisted upon everyone in the world for over a century now. You will be starved out of existence en masse and when the American masses finally figure it out they will go absolutely medievil on your ass for a fucking slice of day old bread.

Fri, 07/18/2014 - 18:02 | 4975521 Monty Burns
Monty Burns's picture

Simple answer: The money won't last. Or else it will be vastly diluted due to QE-induced inflation.  Either way the FSA/Gov employees lose.

Fri, 07/18/2014 - 15:24 | 4974904 falak pema
falak pema's picture

The idea that government serves the people died on Aldous Huxley day with a big Texas Bang.

From then on the State has been hijacked by Oligarchs pretending they serve the common good. 

Remember FDR gave the people the right to fight the Oligarchs. Tammany Hall was replaced by La Guardia...

Now La Gaurdia's ghost walks the street of NY like a hobo... 

Don't CONFUSE La Gaurdia and Lady Lagarde...That says it all ! 

Fri, 07/18/2014 - 17:56 | 4975495 Nick Jihad
Nick Jihad's picture

Why do we have to constantly debunk this conspiracy theory?  Let's look at the facts:

70% of Federal spending takes the form of "direct payments" - checks mailed out to individuals, for Social Security, Medicare benefits, WIC, EBT, etc etc. etc. As we all know, women cash most of these checks, and men pay most of these taxes.  And women comprise a majority of the electorate, so it's no mystery why government programs that benefit women, and taxes that fall mostly on men, succeed at the polls.

That is the foundation of the system, and you see it in any democratic state on planet earth. Now, do "Oligarchs" contrive to skim a lot of the money that flows thru this system? Yes they do, but don't mislead yourself. Big government continues to serve the people that vote for it.

Fri, 07/18/2014 - 15:25 | 4974906 Stuck on Zero
Stuck on Zero's picture

Is Martin Armstrong a paid shill for Warren Buffet?

 

Fri, 07/18/2014 - 15:29 | 4974940 calltoaccount
calltoaccount's picture

He had to promise to issue pro sociopath bankster drivel like this to get out of prison.  

Shows how almost anyone can be compelled to kneel before the throne of Mamon.

Fri, 07/18/2014 - 15:25 | 4974914 juggalo1
juggalo1's picture

Transfer of wealth upwards via rigged markets and government favoritism: Libertarians complain

Transfer of wealth downwards via progressive taxation and state intervention into the economy: Libertarians complain

Do you really think that non-intervention in the economy would be effectual or even possible?

Fri, 07/18/2014 - 19:37 | 4975793 Pareto
Pareto's picture

It is this linear thinking that keeps this war of economic paradigms ideological and distractive as opposed to economic activity being practical and purposeful.  Intervention distorts markets, and misprices capital and the results are ALWAYS the same.  Those underserving remain rewarded at the expense of those who had no interest in playing the charade to begin with.  By all measures government has failed.  Hidiously.  What you are effectively saying is that without redistribution measures, or, price falsification measures we wouldn't be able to have an economy.  I would argue that it is intervention that is limiting the economy to sub 2% GDP.  Incentives matter.  Change the rules for some and not others and you change the incentives - usually away from voluntary production and exchange of scarce resources to something ALWAYS less efficient.  The Libertarian paradigm is not complicated nor should it be something feared as some economically dysfunctional or unfair process.  On the contrary, it promotes on its own - without intervention - the greatest value to everybody who participates and the least value to those who choose not to.  I will take this freedom any day over coercion and bullshit economics.  It is geting to the point where the price I pay for those that choose not to work is killing my ability to look after myself.  The current paradigm is morally bankrupt.  Bring on the reset because most of us really don't have a whole lot to lose.

Fri, 07/18/2014 - 15:28 | 4974929 curbyourrisk
curbyourrisk's picture

The Fourth Turning........ 

 

shit about to get real

Fri, 07/18/2014 - 16:43 | 4975284 kurt
kurt's picture

You can turn a piano but you can't turn a fish.

Fri, 07/18/2014 - 20:33 | 4975960 Yes_Questions
Yes_Questions's picture

 

 

Gary Richrath called..

Fri, 07/18/2014 - 15:47 | 4974942 TalkToLind
TalkToLind's picture

Governments exist only to sustain themselves by stealing your wealth and productivity.  They serve no other purpose.

The End

Fri, 07/18/2014 - 16:11 | 4975152 grekko
grekko's picture

Here in the USSA, they exist only to serve their bankster and MIC masters.

Fri, 07/18/2014 - 15:30 | 4974947 Miggy
Miggy's picture

The article says: "What if you take everything from the elites? Who will start businesses to create jobs?"

 

The answer to that would be you and me. Try selling fruit from a local farmer in your neighborhood. You would have government officials on you so fast. Make sure your ten year old daughter selling lemonaid has her permit.

 

John 3:16

Fri, 07/18/2014 - 15:49 | 4975034 optimator
optimator's picture

The Elites are dived into classes.  One would start by taking it away from the Bankster Cartel.  You know the money changers that have never done a productive honest days work in their lives.

Fri, 07/18/2014 - 16:18 | 4975183 knukles
knukles's picture

That's why the story of Jesus casting the moneychangers from the Temple.
Then again, Buddha did have an AMEX Black Card

Fri, 07/18/2014 - 16:23 | 4975205 Yen Cross
Yen Cross's picture

  Jesus had tungsten and Buddha had titanium knuks...  For the bejesus get your story straight.  :-)

Fri, 07/18/2014 - 20:11 | 4975895 messymerry
messymerry's picture

...and Confucious had cheesecake.  Good grief Yen, get your story straight.  ;-D

Fri, 07/18/2014 - 15:40 | 4974948 Miggy
Miggy's picture

None.

Fri, 07/18/2014 - 15:40 | 4974951 Miggy
Miggy's picture

None

Fri, 07/18/2014 - 15:37 | 4974976 SilverMoneyBags
SilverMoneyBags's picture

What middle class? lulz

Fri, 07/18/2014 - 16:46 | 4975300 1stepcloser
1stepcloser's picture

the newly minted American's flooding the boarder are the new middle class...

Fri, 07/18/2014 - 15:42 | 4975000 kchrisc
kchrisc's picture

Time for the farm animals to say enough and cook the farmers.

Fri, 07/18/2014 - 15:48 | 4975025 optimator
optimator's picture

We have our own "Lumpenpack".

Fri, 07/18/2014 - 15:56 | 4975068 Usura
Usura's picture

Martin Armstrong was broken during his incarceration.  Now he serves his former captors.

The notion of fair (increased) taxation on "financial elites" is an obvious red herring and Armstrong knows it.  Ill-gotten gains should not be taxed, they should be fully confiscated as the proceeds of crime.  Martin Armstrong is smart enough to know the difference between an investor and a thief; his attempt to blurr this obvious line makes him appear as a buffoon.

Fri, 07/18/2014 - 15:56 | 4975069 Usura
Usura's picture

Martin Armstrong was broken during his incarceration.  Now he serves his former captors.

The notion of fair (increased) taxation on "financial elites" is an obvious red herring and Armstrong knows it.  Ill-gotten gains should not be taxed, they should be fully confiscated as the proceeds of crime.  Martin Armstrong is smart enough to know the difference between an investor and a thief; his attempt to blurr this obvious line makes him appear as a buffoon.

Fri, 07/18/2014 - 15:58 | 4975084 smacker
smacker's picture

I agree with the thrust of this article. Martin Armstrong must know that what he describes is socialism, the most deadly cancer known to man.

The socialists aim has always been to get more and more people sucking at the teet of The State  - aka "The Dependency State" - so they will never aim their fire at government for fear of having their free stuff stopped, but at "the rich" who are greedy and prevent the teets being kept filled.

Fri, 07/18/2014 - 16:04 | 4975113 BruntFCA
BruntFCA's picture

This article is apologetic bollox for the super rich.

Gee I wonder if having access to ultra leverage at zero percent has anything to do with the rich getting richer? How about if you fail, turning over your toxic garbage to the central bank at par. Yeah baby, Dispossesing the Greeks of their entire country in a firesale asset sale must be fun if you've got the cash.

Meanwhile average Joe has to give his inside leg measurement to get even a crappy loan at ludicrous rates.

Who will create the jobs? A re-hash of trickle down 1980s economic bollox. Fuck you Martin Armstrong, the only thing that will be trickling down will be blue blood.

Fri, 07/18/2014 - 16:46 | 4975297 skeeterpi
skeeterpi's picture

Envious of the rich much?

Reagan lowered marginal tax rates and the rich put more of their money to play in the system, instead of hiding it in tax free investments and off shore trusts.

Guess what the economy grew. People prospered.

If I were the 1% I would do the same. They are just smarter than you and the government.

Fri, 07/18/2014 - 17:48 | 4975477 bunnyswanson
bunnyswanson's picture

Globalization/outsourcing/downsizing/mergers/acquisitions and the rise of developing nations has changed the scenery from the Reagan years.  Money outside of the US does little good to the country and it's people.  Globalization is a sieve which wealth flows from 1st world/developed nations.  Protectionism is all that can save America now but the 1% would never here of it; they'd let their country collapse and see their wealth confiscated by the IRS before that would happen (and make no mistake, American elite will pay for the debt of this nation and be left penniless by the time it is over...there will be no getting away from bail-ins when For The Good Of The Nation.

Fri, 07/18/2014 - 18:04 | 4975523 skeeterpi
skeeterpi's picture

Bunny,

Outsourcing is occuring because of our massive administrative state. It costs too much to run a business today. The alphabet agencies are fascistic and make business go overseas. I know, I run a business. You want a great depression, just get what you wish for.

Fri, 07/18/2014 - 18:36 | 4975620 bunnyswanson
bunnyswanson's picture

Is that the only solution? 

Sat, 07/19/2014 - 12:10 | 4977019 JR
JR's picture

Dr. Paul Craig Roberts says that by saving the rich, the bankers lost the economy, both in the United States and Europe. And the people are suffering. To make matters even worse, "pressed by Wall Street for higher profits, US corporations relocated their factories abroad." And the rich got richer and the poor just got poorer. Blame it on a banker-bought Congress, bunny.  The solution is to pull out the current Congress and replace it with one that represents the American people, not the international bankers.

Roberts wrote in late 2011 that: "Economic policy failed for three reasons:  (1) policymakers focused on enabling offshoring corporations to move middle class jobs, and the consumer demand, tax base, GDP, and careers associated with the jobs, to foreign countries, such as China and India, where labor is inexpensive; (2) policymakers permitted financial deregulation that unleashed fraud and debt leverage on a scale previously unimaginable; (3) policymakers responded to the resulting financial crisis by imposing austerity on the population and running the printing press in order to bail out banks and prevent any losses to the banks regardless of the cost to national economies and innocent parties…

As reported by Manufacturing and Technology News (September 20, 2011) the Quarterly Census of Employment and Wages reports that in the last 10 years, the US lost 54,621 factories, and manufacturing employment fell by 5 million employees.  Over the decade, the number of larger factories (those employing 1,000 or more employees) declined by 40 percent.  US factories employing 500-1,000 workers declined by 44 percent; those employing between 250-500 workers declined by 37 percent, and those employing between 100-250 workers shrunk by 30 percent.  http://www.manufacturingnews.com

“These losses are net of new start-ups. Not all the losses are due to offshoring. Some are the result of business failures.”

Wrote Roberts: “It is US corporations that move their factories abroad, thus replacing domestic production with imports. Half of US  imports from China consist of the offshored production of US corporations.”

While: “All the while, the US government allows in each year one million legal immigrants, an unknown number of illegal immigrants, and a large number of foreign workers on H-1B and L-1 work visas. In other words, the policies of the US government maximize the unemployment rate of American citizens.”

http://www.counterpunch.org/2011/09/26/saving-the-rich-losing-the-economy/

Fri, 07/18/2014 - 18:46 | 4975648 BruntFCA
BruntFCA's picture

Exactly, but this benefits the ultra rich as opposed to a mere entrepreneur or millionaire.

Fri, 07/18/2014 - 18:43 | 4975636 BruntFCA
BruntFCA's picture

Skeeter, I never said high taxes were good. You should know that the super rich don't pay taxes; it's offshore or in tax exempt vehicles. The super rich merely play with representations of wealth, and given how rotten the system is you only get there if you curry favour with certain agendas and suck up to executive.

Currently the number of representations of wealth (unfunded liabilities and debt) far outweigh the real economy. The super rich are merely grabbing as many of these representations as they can, and then funnel it into real assets (which often times they've ripped off the middle class through fire-sales) since they know the dollar could be on its last legs. The ultra rich have access to inside information, and almost free money, it's an open Plutocracy.

Your statement that the rich or elites are smarter than the government is naive, they are the government! Note blue blood is not the blood of an entrepreneur or a mere millionaire; it belongs to a psychopathic, narcissistic, entitled aristocratic sub-class.

Fri, 07/18/2014 - 19:47 | 4975819 Pareto
Pareto's picture

This is something Larry Kudlow would say.  But it skirts the issue.  The rich - the investor class - have acquired ill-gotten gains through coercive market distortions - certainly not by hleping people move from a less to a more desired state.  And in the process have evicerated the middle class through ZIRP, QE, et al programs that solidify the rich while impoverishing further, the poor.  And don't kid yourself - Reagan's term served to amass the largest government ever.  An increasing measure of wealth is concetrated in the hands of the 1% and that spread widens daily.  Lowering tax rates won't change the damage already done.

Sat, 07/19/2014 - 11:48 | 4976976 JR
JR's picture

The fly in the ointment here is the definition of “rich.” 

Obama and the Democrats set the dividing line at a couple earning $250,000, whether they live in high cost areas such as New York City or San Francisco or low cost Pueblo, Colo., or Norman, Okla.

Obama’s kind of thinking is that we have to have big money to line the bankers’ pockets and to supply the manna to all the hungry socialist special interests that support him. Thus, Obama, to appeal to his socialist voter mob in 2007, defined the “rich” as people who earn $97K a year.

Alan Dunn, Forbes, wrote in March of 2012: “The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000. The real disparity between the classes isn’t in income, however, but in net value: The 1 percent are worth about $8.4 million, or 70 times the worth of the lower classes.

“The 1 percent are executives, doctors, lawyers and politicians, among other things. Within this group of people is an even smaller and wealthier subset of people, 1 percent of the top, or .01 percent of the entire nation. Those people have incomes of over $27 million, or roughly 540 times the national average income. Altogether, the top 1 percent control 43 percent of the wealth in the nation; the next 4 percent control an additional 29 percent.”

Incredibly, the wealthiest 400 Americans have the same combined wealth as the poorest half of Americans — over 150 million people.

The US is an oligarchy ruled by powerful rich interest groups. -- conclusion of Professor Martin Gilens at Princeton University and Professor Benjamin Page of Northwestern University in Perspecitives on Politics

Fri, 07/18/2014 - 20:30 | 4975949 pupdog1
pupdog1's picture

They rejected my inside leg measurement.

 

 

Fri, 07/18/2014 - 16:08 | 4975133 pakled
pakled's picture

"There is no discussion that government consumes too much – EVER!:

 

Feed me. Feeeeeed me!!

 

/whatever the name of that movie was

Fri, 07/18/2014 - 16:31 | 4975234 Nimby
Nimby's picture

That was Little Shop of Horrors wasn't it?

Fri, 07/18/2014 - 17:03 | 4975356 pakled
pakled's picture

Yep. Nailed it.

Fri, 07/18/2014 - 16:41 | 4975273 skeeterpi
skeeterpi's picture

Though they never mention the bigger government gets the smaller the middle class gets, the more wealth the wealthy get, the greater the number of poor.

Their answer: Transfer wealth of the middle class to the welfare state.

Fri, 07/18/2014 - 16:12 | 4975156 Milestones
Milestones's picture

The Game of History is played by those at the top and bottom of society over the heads of those in the middle.  Eric Hoffer " The True Beliver" .             Milestones

Fri, 07/18/2014 - 16:32 | 4975240 monad
monad's picture

Historically the most egregious crimes have been played by those at the top and bottom of society with the heads, labor & assets of those in the middle. ME

Fri, 07/18/2014 - 16:38 | 4975260 NOTaREALmerican
NOTaREALmerican's picture

A great book.   Considering how long ago it was written it shows nothing can be learned.  

Fri, 07/18/2014 - 16:30 | 4975236 TheABaum
TheABaum's picture

So this is why towns in Iowa are getting army surplus MRAVs.

Fri, 07/18/2014 - 16:40 | 4975267 gcjohns1971
gcjohns1971's picture

Take a week off.

 

If you work a private job you have AT LEAST 3 people riding on your back, one working age and two either older or younger.

Atlas...  You have to shrug them off.

 

The whole engine of iniquity people complain about can be solved non-violently.  Just shrug, in unison.  Even if it is only for a day.

Fri, 07/18/2014 - 18:06 | 4975532 Nick Jihad
Nick Jihad's picture

That's it. Every year, the rewards of working are lessened, and the benefits of slacking increase. If you were working full-time in order to hold onto medical insurance, Obamacare removes that motivation. And Obamacare's proponents actually think that's a good thing, without realizing how they are sawing away at the branch they are sitting on. 

Fri, 07/18/2014 - 20:47 | 4976000 Yes_Questions
Yes_Questions's picture

 

 

you know what, if my wage was sufficient and I could carry those three people, I could give a FUCK!

 

but that's not our problem, is it.

 

What if work actually paid and the slime that issued credit money to the most likely to default, "students", had to eat that shit in a bankruptcy court, maybe the "taker" ratio could be widdled down a little?

 

no, instead, the REAL TAKERS who expect flows of INTEREST on their credit get to feign respectability on the backs of their slaves.  

 

nice.

 

sorry, not directed at you.  Just venting.

 

 

Fri, 07/18/2014 - 16:40 | 4975271 kurt
kurt's picture

You say over and over "who will create the jobs?"

I say, dumb shit... who will create the jobs?

                As you say in your diarrhea, twice, If we tax the rich... bla bla JOBS?

 

IT'S NOT WORKING! At this point it would please me JUST to watch the mighty fall. How many paid shills fit on the head of a pin?

Fri, 07/18/2014 - 16:41 | 4975276 abcd0210
abcd0210's picture

" the displeasure of the dispossessed middle class could easily turn and go against the prevailing governmental systems"

 

Not going to happen. That is why we have the most scientifically advanced propaganda controlling the public mind. Decades of psychological research has produced propaganda with total control of the masses.

Fri, 07/18/2014 - 17:03 | 4975317 NOTaREALmerican
NOTaREALmerican's picture

As long as the Trash Class has enough food, entertainment, and bling nothing will change (or needs to change, really) because of what you said.   Manipulating humans will bullshit is not all that hard, and automobile company advertisements prove it every day.  

Fri, 07/18/2014 - 17:36 | 4975436 bunnyswanson
bunnyswanson's picture

You don't understand, it's the straw the breaks the camel's back, not the load.  For instance, today, went for a walk with my dog which carries a backpack.  It was hot and I unhooked the front to give her air, and when running across the street, it slipped off (carrying 2 ice cooler blocks on each side of this large dog back pack/vest.  I was 4 houses away when I realized it, turned around and saw a van with a person jumping out of it, grab the back pack and while I am waving to them that it is ours, they do a U-turn and speed away like they just found stolen loot. 

 

Multiple that (being ripped off) by tens of millions of people...the anger and frustration we will feel from having our things stolen by the New World Order-created scavengers will be directed at the cause - the LEADERSHIP - who mismanaged the economy all the while being told over-and-over-and-over again this was a BAD IDEA.  They knew, in other words.  we all knew.  Now, the experts who brought us the designed-to-fail economy are here to warn us about it?  Wealthier than they ever were, because of it?  Fuck that.  Dead end is ahead and justice will be sought.

Sun, 07/20/2014 - 13:01 | 4980106 espirit
espirit's picture

Should the following comment make you feel uncomfortable, that is the intent and feel free to down vote me.

(I'm expanding bunnys post)

Refer to the Gospel where the father gave each son a stick and told them to break the stick.

Then he bound seven sticks and handed them to each son with the same instruction.

Strength in numbers with a common binder is the message, that which our LEADERSHIP is much against.

Find a binder, fast.

Fri, 07/18/2014 - 16:43 | 4975286 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Where do you think the 'rich' and 'wealthy' get their money to invest with shit-for-brains motherfucker, Martin Armstrong? They stole the fucking money from the skim they take off of the rigged fucking Wall Street

Global fucking PONZI scheme of fellow crony CORPORATISTS, MOTHERFUCKER.

GET FUCKING REAL Z/H i'm in no mood to read this swill de jour.

Fri, 07/18/2014 - 17:44 | 4975465 deepsouthdoug
deepsouthdoug's picture

I'd have given you an up rating if you had a more motherfucking fucking fucks in the text. Try not to be so neutral next time. 

Fri, 07/18/2014 - 20:02 | 4975871 messymerry
messymerry's picture

Fuck fuckety fuck fuck fuck   -- Cartman

Fri, 07/18/2014 - 16:47 | 4975301 WTFUD
WTFUD's picture

OECD = OLD EMPIRE CARRIER DIVISION

FUCK THEM

Fri, 07/18/2014 - 16:52 | 4975328 JRobby
JRobby's picture

"Violence is the only thing that makes any sense" Ian Hunter-Mott The Hoople

Fri, 07/18/2014 - 17:07 | 4975367 RevRex
RevRex's picture

In the sense that it's the only thing that gets noticed.....remember we fucking overthrew the gubbmint when they taxed tea too fuckin' high....what are we waiting for, until we are disarmed?

Fri, 07/18/2014 - 18:12 | 4975556 Nick Jihad
Nick Jihad's picture

Except that government has done the obvious thing, and focussed the taxes on a few, while distributing the benefits far more widely. If the USSR is any guide, it's only going to end when the benefits become spread so thinly, that even the FSA decide they would benefit from a change.

Fri, 07/18/2014 - 20:59 | 4976045 litemine
litemine's picture

Peacefully it was tried.....remember "OWS"..........To bad the focus was lost.

Fri, 07/18/2014 - 17:15 | 4975389 dexter_morgan
dexter_morgan's picture

+1 for the Mott the Hoople reference

https://www.youtube.com/watch?v=VKvNtAVZyOc

 

Fri, 07/18/2014 - 18:09 | 4975541 Nick Jihad
Nick Jihad's picture

I recall the lyric as "the only thing that will make you see sense".

Fri, 07/18/2014 - 16:55 | 4975334 pupdog1
pupdog1's picture

FMAITAAFHF.

 

Oh, I'm sorry Martin--you don't know what that abbreviation means?

Fuck Martin Armstrong in the ass and feed him fish.

Fri, 07/18/2014 - 17:05 | 4975361 RevRex
RevRex's picture

Sounds kinds hoemoe to me.....

Fri, 07/18/2014 - 17:00 | 4975349 RevRex
RevRex's picture

Let's file this under NO SHIT SHERLOCK!

Fri, 07/18/2014 - 19:18 | 4975738 Pareto
Pareto's picture

This statement: Everyone one will only pursue their own self-interest, is really all he had to say.  One need'nt read much futher than that.

Fri, 07/18/2014 - 17:33 | 4975432 Whitehall
Whitehall's picture

A similar argument was used by progressives to justify the Constitution-bending programs of the New Deal:

"We needed to save the Republic by throwing out the rules!"

Watch for it!

Fri, 07/18/2014 - 18:13 | 4975560 Nick Jihad
Nick Jihad's picture

And the ever-popular "please think of the children!"

Fri, 07/18/2014 - 17:45 | 4975438 virgilcaine
virgilcaine's picture

Don't forget 200-250 k for a debt based college education and no job when u graduate. Better to just go buy the beige khakis and red shirt now for Tar-get, bypass the degree.

I see khakis and red shirts.. lots of them..

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcTXxDU_mk44dV8ZzIW-...

Fri, 07/18/2014 - 17:59 | 4975506 yellowsub
yellowsub's picture

It'll either be those in gov't unions or those on EBT that will cause the civil unrest first.

Fri, 07/18/2014 - 18:04 | 4975508 CaptainSpaulding
CaptainSpaulding's picture

" It's you".... I thought it was me. What a relief. This calls for a drink.

Fri, 07/18/2014 - 18:24 | 4975587 Sick
Sick's picture

How many of these rich have obtained fortunes illegally?  One main problem we have is one set of laws for the rich and another set for everyone else.  We need to look back to see who has all the illgotten gains.

 

Next, change the tax code to have a much higher tax for offshore manufactured goods sold in the usa and a much lower corporate tax for domestic manufacturing.  That would be a good start.

Fri, 07/18/2014 - 18:29 | 4975599 Theosebes Goodfellow
Theosebes Goodfellow's picture

I think we're missing the point here. We're already living in a nanny state. Look, here's a simple test you can pull on most folks, (though I'm partial to government wonks and politicos). Ask them to quantify their answer.

"Do we have enough government now?"

If they answer yes, ask them if we have too much government.

If they answer no, ask them how much would be enough.

The true answer, as we know, is that we already have way too much government and need to reduce its size by at least half.

Humans are better at providing sustenance for themselves if they have no one else to count on to provide it. Starvation and privation are great motivators, even, (or especially), for former government employees.

For those of you who believe that the U.S. Dollar will continue along just fine after all the printing this government has done, I would strongly suggest you either make sure your funeral arrangements are in order or you take up gardening. Natural selection is a bitch.

Sat, 07/19/2014 - 10:30 | 4976810 Proofreder
Proofreder's picture

Starvation and privation are great motivators ...

And the root cause of Arab Spring, the rise of most dictators, and the coming revolution in the U$A.

HUNGER IS A BITCH!

BTW, this thread on the Hedge was down most of the night due to 'server issues'.  Hmmmmm  (cue crickets)


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