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Next Time Obama Boasts About The "Recovery", Show Him This Chart
Irony aside, the growth of income (trough to peak) during so-called 'economic expansions' has changed... and President Obama's "recovery" is the worst of the lot...
Chart: @ptcherneva
A reminder of the irony... One can read 696 page neo-Marxist tomes "explaining" inequality in a way only an economist could - by ignoring the untold destruction economists themselves have unleashed on society with their "scientific theories" (and providing a "solution" to the inequality problem which we warned readers was coming back in September of 2011) or one can read the following 139 words by Elliott's Paul Singer which in two short paragraphs explains everything one needs to know about America's record class inequality, including precisely who is the man responsible:
Inequality in the U.S. today is near its historical highs, largely because the Federal Reserve’s policies have succeeded in achieving their aim: namely, higher asset prices (especially the prices of stocks, bonds and high-end real estate), which are generally owned by taxpayers in the upper-income brackets. The Fed is doing all the work, because the President’s policies are growth-suppressive. In the absence of the Fed’s moneyprinting and ZIRP, the economy would either be softer or actually in a new recession.
The greatest irony is that the President is railing against inequality as one of the most important problems of the day, despite the fact that his policies are squeezing the middle class and causing the Fed – with the President’s encouragement – to engage in the radical monetary policy, which is exacerbating inequality. This simple truth cannot be repeated often enough.
Q.E.D.
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That's the "It's good to be King" chart
OBAMA+BUFFETT 2008 2012 2016
Four mo' years folks!
The first gay president shows us the joy of fisting.
What Warren and his friends mostly care about is that at least 51% of American voters remain totally incapable of either comprehending, or caring about, that simple chart that so clearly shows the inequality created by our current fascist government.
Soma on America. Keep the children engaged in their iPads. Keep the teenagers smoking dope. Keep the adults divided over social issues.
Thnx for the charts, Tylers ... because numbers [and words, esp Big Words] make my brain hurt.
I'm sorry, ZH'ers. We're going to talk about the Dreamers now and how we need to open up our borders and why you're racist if you're against it.
Do you guys realize how rampant racism is in this country? I mean, we have a professional football team named, oh, god, I can't even say it because it's so racist, xxxskins! That's just totally racist! We as a first world nation MUST do something about that before we address anything else!
Longterm trends are hard to break
Rope or guillotines are can change those trends.
Forward (over the cliff)!
it don't matta cuz if Owebama don't have to follow da constitushun, the cops don't hafta follow it eeda!
https://www.youtube.com/watch?v=T9BQDJZ42w0
The middle class is dying. We're a banana republic. Bitchez.
max2205,
You said: "Longterm trends are hard to break"
Very hard to break, that’s right!
It started in 1786: Shays' Rebellion
Yes, the "Washington" part of their name is indeed quite offensive.
liberals suck stinky asshole!
The rhetoric is because President Obola is using this new, greater inequality that he helped create to garner support for tax hikes on the "rich" which will ONLY equate to higher taxes on everybody else.
I occassionally browse ZeroHedge on a tablet while simultaneously smoking dope.
Saaaaaayyyyy, that gives me an idea....
:-)_s
Obama does the same thing.....
I don't believe 51% don't care or don't comprehend the chart, I believe most just keep voting red/blue and that is the problem. Both parties do the same thing when it comes to economic, trade or monetary policies.
i don't have enough time in my work week to worry about this
I see what you did there.
Folks, grandpa is an old fashion slavery negro lover. Don't ask him about dodging corporate taxes. The IRS will give you a physical lashing via whip.
The dynamic duo. One shakes the trees while the other rakes the leaves.
Living in a world full of liars and thieves (and worse) the sheriff does just enough to be slightly more than useless while criminality runs wild. The citizens fearful of a town with no law at all, rationalize the continued service of their sheriff, as he is but the latest in a long line of dissapointments. No Masked Man, no Marshall Dillon, as they have all been bought off or buried on Boot Hill.
Don't forget to destoy your hard drive to avoid IRS prosecution.
Barry looks like quite the primate in that picture William!
That series of your work is stunning in the truest sense of the word. The creepiest is "Titanic" which should get you a Pulitzer except you are so far from MSM that it would have to be only in a Bizarro Universe.
No kidding, I am honored to be a WmBanzai VII groupie.
Michelle Obama now says she doesn't care what people eat for lunch! It's a laff riot:
http://tinyurl.com/ljsy27s
Let's Move!
after we eat lobster the first of the month
Not to be simplistic......but it's clear to me looking at both trends you can see how good we had it after WW II when our manufacturing was unscathed by the war and everyone was rebuilding and buying our stuff including us. Those dollars recirculated many times over in our communities and the country at large and everybody's boat rose.
But then the world recovered.....and we started to import a lot more cheaper goods and eventually moved some of our own manufacturing overseas. Then came the domestic Peak Oil event in 1970 along with the dollar being loosened from gold. Now you see financialization begin and the Great Ponzi ramp up to what it is today.
Now the apple is rotten and hollowed out at the core and even now the rot has spread to the outside. People know by looking at the outside of the apple that it is rotten to the core. No more covering it up with a little candy apple red.
It's only going to get worse....until the collapse to a much less energy intensive and poorer overall equilibrium. But....i hope....a more, honest one as well.
But I'm afraid our Masters of the Universe will launch a world war if need be to keep that from happening.
Not to be simplisitc-but back then we actually still had a Constitution and a Federal judiciary that knew how to read it!
<sigh> <sadly shaking head in agreement> :(
And Citizens that can tell when they lost the free press, and were fed horse shit by actors in the Senate & House of Reps.
Back when I was a boy we knew when Lawyers, Politicians, Bankers are lying. Simple when their lips move.
"...Inequality in the U.S. today is near its historical highs, largely because the Federal Reserve’s policies have succeeded in achieving their aim:..."
- Congress & The US President don't have any power to Legislate and Strengthen the Economy?
- If Liberals Take all the Tools off the Table in terms of Capital Controls, Tariffs, Off Shore Tax havens, Capital Flight, Stagnant Capital, Economic Leakage, Tax Loopholes, Tax Policy, Fancy Pants Derivatives,... then maybe we need to Lynch the Economists, Bankers, and Politicians that put us here, kick out the Neoliberals
- What Lobbying & Money in Politics never occurred to the Author???
Fed Operates on a Congressional Charter. I say Congress has the Power.
But I also saw that we have a Military Republic that is now Screaming Fascism.
Where is the pissboy?
Piketty thinks capital's value depends on its past generated returns.
No one told him that capital's value depends on FUTURE EXPECTATIONS of returns (genius, Piketty).
Keep on trying to give the bad-invested capital the value "demonstrated" in Piketty's Marxist volume by inflating the currency.
Keep on telling people capital gives you returns simply by being sit on it and if someone asks why then is not better to privatize social security letting the "people" being sit on their savings, say: "hey, you are a [...]ist!" (double error, bad diagnosis and bad treatment according even to the bad diagnosis... i.e. schizophrenia).
It's good to be the Single-Party (FED) ChairCriature.
don't worry, owebomba is in the top 10% so it's all good
Exactly. Guy is just looking out for his family.
Organisms gonna organism
Or did you mean: orgasms gonna orgasm (Obama + Reggie kissing on a tree.......)
RRAALPHHhhhhh !
cough...cough.....thanks......cough...<spit>....thanks a pant load.
No expansion this time around, at least not for the majority of us.
Quantitative Easing, deficit spending at Federal, state, and municipal level, and relaxed accounting rules are all that has prevented total economic collapse. These delaying strategies have exceeded their useful life. I do not know what the trigger (black swan) will be but we are truly on the financial precipice. Will the trigger be Russian invasion of Ukraine, fall of Baghdad to ISIS, ISIS invasion of Saudi Arabia, …
http://peakoilbarrel.com/global-financial-system-life-support/comment-pa...
Urkel in Chief
Pretty obvious from chart that trend started well before Oh bah muh. Idiotic conclusion.
The conclusion was not that Obama's policies started the trend. The conclusion is that Obama's policies continue this trend. Meanwhile, he ran on a message of "hope and change" and pretends to support the poor and middle class. But go ahead, keep apologizing for the worst president I have been alive to see. You're pathetic.
Not just continue the trend, but accelerate it. Trying to put out a fire by dumping fuel on it is not the sort of change I think people expected.
Pathetic like a fox.
What?
Sly like a fox? Yeah he did pull the wool over the eyes of many.
Myself like every other straight single guy doesn't care for any Bush either.
Your comments are moot.
Your facts are seeming based on MSM faux-cts as well.
Stick around you may learn a thing or two from hedging zeros.
Now factor in the real inflation rate and (if you are part of the middle class) you get..............a beating.
Real inflation? Too scary. Official CPI effect is scary enough. Case in point:
Moar chart: http://www.macrotrends.net/1307/lots-of-inflation-not-so-many-new-jobs
Summary:
Lots of Inflation, Not So Many New Jobs This chart compares the percentage change in non-farm payrolls with the percentage change in the consumer price index starting in January of 1939. The two track closely together for over 30 years, until they begin to significantly diverge around 1970. This coincides with the collapse of the Bretton Woods Accord in 1971 and the move to a floating currency exchange system. Export: Sources: Bureau of Labor Statistics Updated: August 6, 2014 at 5:12 PM EDTGuns and butter, baby. Guns and butter...
Rob us and then tell us they need protection money. Do we have a choice now? There are but two ways. One is to live in poverty, the other is to go to jail. Not that different when you think about it, three meals and a cot.
After I scroll down seeing the horny babes I always forget what the hell I'm doing here.
they're just another distraction from the state/banking cartel theft, especially the sweet one in the floral thing with the suggestive smile and hair that she's playing with while lounging back...
Its not whether the stupid asshole produces lies, its whether the press calls him on it.
Fuck Obama! Who listens to that Nigga anyway??? Oh yeah, DUMB-ASS AMERIKAN SHEEPLE!!!
What is your solution?
Stop listening and endorsing asinine policies. Job1. Job 2. End the fucking FED (enough has been written no need to repeat here). Job 3. Let markets fetter out true price discovery where asset prices come back to reality - falling prices have always been a silver lining to a recession - where idiots exchange property with the prudent and the wise - thats capitalism. Job 4. Fire the government - every last bit of it - its not working now, hasn't worked before, no reason to think its going to work going forward ($17T oughta be all you need to understand that). Job. 5 Return to the Constitution - imediately. Job 6 End the imperialism and kill the GDP drag the MIC has on the economy. Job 7. Confiscate - literally - 50% of the wealth of the 1% (and redistribute back to the middle class - pick a formula I don't care). They are ill-gotten gains at the expense of the evicerated middle class - a result of UN American socialist dogma, otherwise they get the fuck out with only the shirt on their backs. Job 8. Reinstate the Gold standard. Job 9. Repeal all Executive orders that have occurred over the last 20 years. Job 10. ensure that Jobs 1 through 9 are fucking done right. How about that?
Pareto,
A hell of base line you have there. Say that I agree with. You and I know none will happen. But, I am going to read it again.
Pareto,
Job 3: Let markets fetter out true price discovery - thats capitalism.
Pareto, do you really believe that was capitalism that made America this empire?
Job 4: Fire the government
And who is gonna being in charge? You? I?
5: Return to the Constitution - imediately.
What does it mean? I was in the impression that the Constitution was written by lawyers and, it is doing exactly what it was supposed too, to protect the opulent minority.
Pareto,
It’s obvious that you're an intelligent person. Our problem is: Every civilization self destructs. And, when it happens to an empire, the consequences are catastrophic, because empires are all over the world exploiting others.
Job. 3 yes. Prior to 1913 Americans enjoyed - universally - the greatest wealth accumulation, productivity, innovation ever. It all went downhill after 1913 though I would submit that capitalism still prevailed dispite the growth in Leviathan.
Job 5. Actually the Constitution did a hell of a job containing bat shit crazy leaders until legislators legislated the Constitution away through Executive orders. Very little of it, to my knowledge, has left - any teeth.
The constitution was/is in my opinion one of the greatest documents ever written in support of an economy buttressed by voluntary exchange and property rights - a least cost way of garnering productivity through incentives and the thought that if you work harder you can have a better life. Somewheres along the way, Americans have acquired a taste for something else - of having some central authority tell them what to do, where they can do it - what to buy (Obama Care) who they can work for (associate with), how much they can earn and what they get in the end to spend, almost everything - every action you want to exercise must first be approved by Congress.
Finally Job. 4 - this to me, is the essence of government as expressed by Proudhon:
“To be GOVERNED is to be watched, inspected, spied upon, directed, law-driven, numbered, regulated, enrolled, indoctrinated, preached at, controlled, checked, estimated, valued, censured, commanded, by creatures who have neither the right nor the wisdom nor the virtue to do so. To be GOVERNED is to be at every operation, at every transaction noted, registered, counted, taxed, stamped, measured, numbered, assessed, licensed, authorized, admonished, prevented, forbidden, reformed, corrected, punished. It is, under pretext of public utility, and in the name of the general interest (how prescient this observation was!!) to be place under contribution, drilled, fleeced, exploited, monopolized, extorted from, squeezed, hoaxed, robbed; then, at the slightest resistance, the first word of complaint, to be repressed, fined, vilified, harassed, hunted down, abused, clubbed, disarmed, bound, choked, imprisoned, judged, condemned, shot, deported, sacrificed, sold, betrayed; and to crown all, mocked, ridiculed, derided, outraged, dishonored. That is government; that is its justice; that is its morality."
General Idea of the Revolution in the Nineteenth Century, translated by John Beverly Robinson (London: Freedom Press, 1923), pp. 293-294.”
Don't know what else to tell ya Escrava or how else to put it. Empires fail/fall precisely because of what they are - a product of legalized coercion over humanity and the individual - of course it ends bad. Government is the problem. Privelage is the problem. That some are more equal than others - is the problem. When you make it so that not everybody plays by the same rules, where benefitsof the many outweigh the expense of the few (or the one) - that is what you get. A total break down in civilization. As Frank Michelman emphasized "as long as individual possession continues to be the norm, there is serious disvalue in the spectacle of any encroachment on possession by public authority which is suggestive of arbitrary exploitation of a few at the hands of the many. The mind moves from such a spectacle, by a short and easy mental transition, to the idea of that mutual disregard for the possession of others which, by ingrained mental habit, in turn invokes the dire idea of social disintegration - with an attendant sensation of unease (Michelman, Frank, 1967, p, 1211). It what is happening - right now in America.
Rules have been broken or legislated away. There are no property rights anymore. The notion that somebody can take from you everything you have has created an air of demoralization. Things will never be the way they were unless and until we return to the practical paradigm that the Constitution offers.
Its all I got for ya.
Lots of opinions in your post. Let me give you mine ‘short version”.
You said:
Prior to 1913 Americans enjoyed - universally - the greatest wealth accumulation…
No. The British did! US wealth peaked in 1945. Some estimates go higher than 50% of global wealth. Also, 1944 dollar became the global reserve currency.
Job 5. The Constitution did a hell of a job… The constitution was/is in my opinion one of the greatest documents ever written ….
No. It did not! The US Constitution failed on the Indians, blacks, women, and the working class. A much better document was the “Magna Carta”. And it was written 574 years earlier.
By the way Pareto, print both documents and read it side by side.
Finally Job. 4 - Essence of government
“United States is becoming a failed state, and thus a danger to its own people and the world.” – Noam Chomsky, 2006
http://www.amazon.com/Failed-States-Abuse-Assault-Democracy/dp/0805082840
Pareto, I know some of you won’t like, but get curious about these:
Sigmund Freud once said that; “America is a mistake; a gigantic mistake, it is true, but nonetheless a mistake”, because, in his views:
You can’t have a Republic when its citizens are ignorant.
Their governments leave most participants unsatisfied.
The (ownership system) are based in an untenable illusion.
Immorality, no less than morality, has at all times found support in religion.
You've taken Noam out of context. I've listened to Noam on a number of issues on government and central banking. He would disagree with how you have referenced him on this.
Not sure how the Constitution has failed blacks and women but the amendments that were designed to limit government have all but one been nullified. Save the 2nd, not much else remains.
I get the impression that you have a problem with the criticism leveled at Obama and the 1%and the data provided by NBER. That somehow your like "well. It's shitty but it's the best we have. " At least that it's what our appears to me. And yet you don't consider not even for a moment that maybe accepting the status quo is seen as even bigger mistake than all the asinine decisions made prior.
I don't believe for a second that we are incapable of productively organizing ourselves without coercion. We totally can and human nature seems to suggest that we would prefer it. Government cannot know the preferences of all individuals and most of us have lived long enough to see that it unequivocally never will.
What has happened in the last 8 years does not square with Obama's "we must pick ourselves up and dust ourselves off" speech. Because I'm pretty sure Americans weren't thinking a loss of Constitutional rights was the offer.
I think the evidence speaks for itself. There is no evidence to support the status quo and all the evidence to suggest precisely the opposite.
Cheers
P
My answers are in bold.
You've taken Noam out of context. He would disagree with how you have referenced him on this.
Please, show us where Professor Chomsky is out of context.
Not sure how the condition has failed blacks and women
Because the US Constitution was a weak document from insertion.
I get the impression that you have a problem with the criticism leveled at Obama and the 1%
NO. I do not! I don’t like hypocrisy from either Right or Left.
Pareto, let me prove my point about US and the US Constitution. Obama is a Constitutional law professor, right? And what did he do?
Obama did exactly which our “Founding Lawyers” did; protect the interest of the opulent.
I don't believe for a second that we are incapable of productively organizing ourselves without coercion.
Are you thinking in build cooperatives?
What has happened in the last 8 years....
Go back to 1846. It was the beginning of US war machine —Military Industrial Complex (MIC)— by invading Mexico [No Global Reserve Currency back them] and stolen about half of Mexico. Link here.
There is no evidence to support the status quo and ask the evidence to suggest precisely the opposite.
The evidence: Stop listens to clueless people. Check your history and read/watch professor Chomsky.
Chomsky is a linguist and any appeal to authority that is based on something other than that specialty is worthless. Just his opinion and guess what, he's allowed to have that opinion.
But I have the option to tell him to STFU.
Same for Freud, that was his opinion and he's welcome to it.
And I can agree or not. As far as advancing your point ... Nope.
Avram Noam Chomsky is an American linguist, philosopher, cognitive scientist, logician, political commentator and activist. Sometimes described as the "father of modern linguistics", Chomsky is also a major figure in analytic philosophy. Wikipedia
By the way, thanks for advancing my point.
*golf clap*
google it!
You talkin' to me? Then who the hell else are you talking... Well, I don't see anyone else here, do you?
Is the lack of equilibrium the reason the third pillar is absent?
Meaningless cliché!
And another feature of immigration:
http://cis.org/all-employment-growth-since-2000-went-to-immigrants
Net employment growth in the United States since 2000 has gone entirely to immigrants, legal and illegal.
Laddie,
Unfortunately, CIS is not a credible source.
Neither are you.....
How would you know?
Dude, don't take my word. Google it.
What happens when the time comes when you can't trust the results returned by Google?
OH...right!
You check several sources and look for discrepancies and affiliations.
Suddenly the 'tinfoilers' aren't looking so crazy after all.
http://www.bis.org/
Scroll down to see the EU failure monkey (left hand picture). To the right is the new failed programs.
http://www.trilateral.org/
What weird thing happened around 1981?!
Don't remember! But I bet you're gonna tell us, aren’t you?
Spastica Rex What weird thing happened around 1981?!
---
How about what happened in 1991- 2000? According to the chart that is the first time the bottom 90% had growth in average income distribution.
Anyway, what you ask shouldn't be a question. It happens historically as a major bull market and empire ends. Don't tell me you don't know that already.
sessinpo,
You said: "1991- 2000... the bottom 90% had growth in average income" Then, "It happens historically as a major bull market and empire ends"
I don't know why you inserted empire.
Re: Spastica Rex - 18:05
2008 is not on the chart either.
Massive heat wave in the south of the U.S.
America decided to make China stronger to counter Russia? For straightforward geopolitical reasons America went down this path, but the path became a slippery slope, a slide greased by greed and short term self interest. Those who let this nightmare get of of hand should have been forewarned, "be careful what you wish for." More on this subject below.
http://brucewilds.blogspot.com/2012/09/china-made-by-america.html
Hegelian Dialectic 101.
'mericans dont get it
'mericans dont care
So right about when we got off the Gold standard and off-shored production and career employment the screwing of the 90% commenced.
yeah... but hey we got a free panda from china for it.
Machetes , Guillotines and Piranha Baths. The Red Revolution Combo.
Ebola and Rabbit Fever for the peasants
And Obama will show you a chart with the poll results from the 2012 election. The "I'm shocked and not going to take it anymore" card is getting a little stale.
Looks like a trend not exclusive to Obama
I would bet this chart overlays nicely with national debt
I think you are right and this trend is not new but it is getting worse.
Those who look closely understand that it is not the 1% at the top stealing the icing off the cake, but the much smaller .1% or .01% that are skewing the numbers and overreaching.
I contend the biggest problem is the massive growth in crony capitalism and corruption in Washington. Much of this can be attributed to the ability of those in control "changing the rules" and positioning themselves to benefit at every corner. In our busy and complex world we have found it impossible to watch all the moving parts. More on this subject in the article below.
http://brucewilds.blogspot.com/2014/05/how-empires-collapse.html
AdvancingTime,
You said: "positioning themselves to benefit at every corner"
Your Bios: Bruce Wilds owns real estate in Indiana including apartments and office complexes.
You see Bruce; you're part of the problem, either by collecting interest rates and/or rent, without producing iota.
How ironic!
How to send an e-mail to the White House:
Link
Thinking about sending this link to the above link. Hold on a sec someone is at the doo - - <snap> <snap>
Guilded Age II
Hello Howard Stern,
Fuck the Jews
Give us the press to kill Gaza children.
Love,
US Conservative Party.
Fuck you, you fucking fuck.
We would rather see fucks like you die than let our children and women and old people and us come to harm.
Sincerely,
Israel
Calm down. It was comedy. Everyone understands the old comedy show.
BIBI of parasite taxpayer robbery of United States of America has been been caught with his hands in the cookie jar.
BIBI, tell the unemployed Americans how much more billions of dollars you need to upgrade the Iron dome?
How many Americans are out of work? Wouldn't that half a million dollars go to pulling people off EBT and not fund the genocide Gaza program?
Let us know BIBI, maybe you can front the expansion of Iron dome yourself. Stop stealing the honest taxpayer income to engage in your blood war.
You fund it and sort out the hatred the neighborhood has for you.
Thank you for the thumb down.
My last statement on above comment sums up your pissed off values on the truth. I don't live life on twitter or Facefuck. We just tell the truth. You're a fucking person that lacks no values. Can we ask that you help housing distress? We need your support to take care of 10 illegals.
Come on, didn't you spill the diarrhea during Obama's second term? Can't you help these poor illegals and help them.
/sarc
We warned you stupid fucks. Live with your choices. Give a hug to your new job taking neighbor.
Oh looky, the ADL and AIPC has down thumbed a conservative American who doesn't approve our freeloader ally.
Gee, if I support you all is okay. Just as long as we finance your child killing machine. No thanks. That's why Hitler gased the likes of you.
I better thumb through the talmud to have sex with children and fuck little boys.
See Israel, you cannot hide your lies. In fact, you display them on Cable TV.
Maybe Jew loving Howard Stern can take 20 illegal aliens for a month. Then he can give his liberal review.
Edit: no subsidizing taxpayer money, all out of the Howard Stern Pocketbook. We will audit you if you take the challenge .
No Siris advertising to outlay expenses. We will audit you Howard Stern. Just for a twist, out of the 20, two have Elbla and one has Rabbit Fever.
Do you wish to take on this challenge or shove your Jew mop up the Bank of International Settlements asshole.
We may up root you during a show, fly you free to Gaza. Patch you back to a sercure line. Then you can explain what is really happening.
See Howard, you can't continue to lie. Throwing your liberal dumb ass into Israel bombing will either kill you or enhance intelligence.
the new normal , nothing makes any sense.
shelf life?
.
give a thousand men and women the duty
and right of stealing, in broad daylight,
make it systemic even,
all they need that is near and dear to them
a midst a population of billions so seemingly
and indoctrinated into adherence and submission
and what do you get?
.
exponential, massive fraud and nest feathering
resulting in casualties by the millions of the
trusting and innocent.
.
who is to blame and who would even notice?
well, a journalist or artist might notice.
simply buy the "rights" or ownership of the
airwaves or media outlets and feed the public
your shit, endlessly, and the crime will never
even surface. not to mention the brain addled
ideologues and blind that have already been
abused from an early age into submission and
thoughtless con-form-ity. they will cower and
support the memes on memes as they are rolled out,
all in support of the hinge of blood lust to
which their levers revolve.
.
historically, nothing seems to change much besides
the manner of execution.
Ask journalism how much it got for its soul. "The Public Be Suckered"
http://patrick.net/forum/?p=1223928
Signed,
Yellen, the WMD to the Financial world
obama talks to, is, and relates to the UNINFORMED CERTIFIED LIBTARD IDIOT......
nothing he says relates to reality or his actions.....
Taking responsibility requires an understanding of the issue. The president is either unaware of the consequences of his policies or playing political games. Regardless, the outcome is the same.
Well that does it! I have officially decided to join the "top 10%". Does anyone know where I should send my application?
They only take applications by hand at the Federal Reserve Board of Governors Office, just ask the Clerk, tell her that Ben sent you, and fill out the form TBTF01 at the counter.
20th Street and Constitution Avenue N.W.
Washington, D.C. 20551
Next time Obama boasts about recovery, show him this chart…
williambanzai7,
Excellent art and photography’s you have there.
Congratulations!
blivet
Who on this site would have thunk it ?
Those who aren't shocked have either been paying attention very closely or not at all.
In either case, no one is shocked.
So that just leaves you with two groups of people, the ones who have a clue, and the ones that couldn't find one if it hit them in the face.
;)
My rough estimate breakdown of society:
50% of Americans are angry and just dont know what to do about the fraud , corruption, lies, and god knows what else that is going on with our banking system and govt.
30% of Americans are clueless, stuttering, diabetic, on multiple medications, propelled by a power scooter with an "Obama Hope and Change" sticker on the back of the seat.
15% Are keeping the gears turning, hiring, firing , trying to stay afloat and keep society from falling apart.
4% Are trying to scheme their way to the top, clawing and scraping and stepping on everyone they can, while riding a massive wave of cocaine to "success", feeding the corruption and fraud like a cancer.
1% Are actively trying to hold onto power granted to them by their fathers/grandfathers from the victorian era, where greed corruption and theft by the banks went rampid and unchecked with no public outcry to oppose it.
0.5% Are actively pulling strings to get laws changed in their favor , with the goal in mind of boosting profits, killing off competition with legislation (legislate your competition out of business).
0.499% Are somewhat influenced by the "cabal" or are part of the corporate control structure (Ceos of Banks, CC companies, Senate/Congress members/ public officials/legal officials judges etc.)
Then you have about 100~300 people with ties to about 12 ~ 20 bloodlines that actually control everything from top to bottom depending who's phone they call, the un-named share-holders and majority owners of every central bank.
Then you probably have about 12 people, who have a majority vote and a lot of "pull" within that cabal of say 100~ 300 people.
Those 12 probably control about 70% of the worlds wealth directly, and could pull the plug at any moment if they wanted.
new Dre4dwolf,
Where do you fit in?
Let me give you "my rough estimate": The 1 that control all of us!
You should be soo lucky to be under my control, I am quite the nice master, I have never let a gold-fish die, scouts honor.
And my master has some sense of humor, too! Priceless.
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Very close to Carol Quigley's a analysis - the Anglo American Establishment
Those below the 12 were called the Kindergarten - they had no say only mechanics
Baton passed from Rhodes and Milner to CFR
I'm reading the first few pages of that now (pdf online), (never read it before), and so-far I would say that Carol knew what he was talking about.
http://www.carrollquigley.net/pdf/The_Anglo-American_Establishment.pdf
Very nice opening, seems like he had a keen eye for what was going on even back then. . .
then you have the last left,
you, too. ... ..........
https://www.youtube.com/watch?v=a7L0IYPXKj8
see no evil
Notice how the chart degrades after 1973 for average Joe's? Why? Why? Why? Gimme an F. Gimme an I. Gimme an A. Gimme a T. That is where the little guy started getting it good and hard. Without the little guy, there is no "America". Who can argue that printed money favors rich people? Gold standard and Mark Levin's State driven Amending the Constitution, Article 5. Only ways out.
Don't fuck with the Constitution, just enforce it! Hang the Supreme court if needed, just enforce it.
Anything that the treasonous pos Levine proposes is almost certainly wrong.
Lets be honest here, there was never a recovery, because there was never a crisis, the entire crisis was a fabrication by the top 0.5% with the intention to defraud the american people out of their property and to kill off their competition to boot.
If there was a crisis, we should of let it run its course, and it would of eliminated the scum of the earth , instead of bailing them out and bankrupting the only people actually keeping the world turning (average americans).
People never learn, because they can't find it in their heart to believe that there are people out there so f$%$%ing messed up in the head that they get enjoyment out of ruining peoples lives in mass.
The people that perpetrated the Too big to fail scam on America and the whole world are perverted psychopaths, and the sooner people realize what kind of people they are dealing with, the better our chances are as a whole to defeat the scum of the universe.
I tend to agree. People keep looking for or hoping that someone in the dominant political parties is not totally corrupt, if they are not totally corrupt, that someone can make a difference in a systemically corrupt system ... they're wrong.
Even if there was an honest politician, they would be cornered and marginalized by the privately owned Media outlets and their opinions would be translated into mindless jibble jabble for the masses to consume and laugh at.
The problem is the corruption is very centralized.
The axis of evil if you will. . . controls:
The Media and all major news networks.
The Advertising for the most part.
They create the voting machines.
They know who to pay off to write changes into the law to suit their needs....
They have stocked the police force with mindless obedient violent drones to enforce the defunct lawless laws.
They control the medication people take and the prescriptions doctors write....
They control the ingredients in our food. . .
Your entire life-force to its very essence is under siege.... from every conceivable angle. The only thing they don't control 100% is the internet, because its too big and too fast to moderate, media is being created and edited faster than they can screen and process it. But that will only last for so long.
The catalyst for the Awakening is Putin threatened disclosure of 9-11 Truth
That will cause the entire game to upend ....maybe
He needs to release the full Russian intelligence report -soon -and name names. His list of perpetrators will no doubt be similar to mine.
Actually, the greatest irony is Paul Singer, crony capitalist and Wall-Street scumbad extraordinaire, who himself received over 1.2 billion USD as part of the 2008 Wall-Street bailout (don´t believe me.. see here http://www.thenation.com/article/170644/mitt-romneys-auto-bailout-bonanza ) , and whose hedge fund has donated to politicians more than any other Wall-Street firm, lamenting the fate of the "middle-class" (see here http://www.wnyc.org/story/200011-whos-who-new-yorks-top-hedge-fund-donor... and here http://www.opensecrets.org/industries/indus.php?ind=F2700 ).
Send him to Buenos Aires for trial as the pirate that he is!!
Eventually, everyone sees the truth. Singer is a Johney Come Lately, but he has seen the light through mathematics, which don't lie. He is speaking out now, because he sees his investments going to shit, Eventually, all Paul Singers will jump on the band wagon, but by then it'll be too late. Everyone loses.
Bye, bye, Miss American Pie!
Drove down to the levee but the levee was dry.
He´s not a Johnny-Come-Lately. He is a hypocrit and piece of human filth. As he was profiting handsomely off tax-payer largesse with the GM bailout, he was in the process of shipping tens of thousands of U.S. jobs from Delphi, the primary parts manufacturer for GM, to China- stealing, in effect, the jobs of the people who had just paid him off 1.2 billion dollars. The only reason he talks about the Fed is because he runs a Hedge Fund, not Goldman Sachs or JP Morgan. Otherwise he is exactly the same as Lloyd Blankfein (his Argentina play and Blankfein´s Greece play differ how exactly?) and Jamie Dimon.
Is there an honest Jew in New York? I am not an anti-semite, and never have been, but it sure seems like every time you see an absolutely despicable human being, he is a Jew.
All Obama is thinking about these days is the clock and how much time needs to pass before he can go get his payola from the boys on wall street.
So, there are folks capturing more than all of the growth?
to such an extent that not only are they capturing all income growth, but more so as the VAST MAJORITY OF EVERYONE ELSE is realizing DECLINING incomes?
we may need to re-up the program of torturing some folks.
Exactly, the fraudulant class, is capturing all the NOMINAL PRETEND GROWTH, . . . . and to BOOT they are siezing assets from Everyone Else.
No wealth is destroyed, it is only transferred.
The act of money printing, is stealing wealth from the bottom 90% say, and transfering it to the first recipients of the newly printed money.
This is why you can't entrust anyone to print money out of thin air, and why a credit based debt based monetary system will inevitably fail.
A debt based currency is synonymous to vampires.
Vampires would inevitably go extinct if they were real, because the act of feeding produces more vampires (such as the act of printing money, begets more people who want to print more and more money).
Eventually the Vampires reach a tipping point, and "suck the earth dry", which inevitably makes it impossible for them to feed.
Queue In S Curve related to carrying capacity ^^
http://users.rcn.com/jkimball.ma.ultranet/BiologyPages/L/logistic_curve.gif
As you can clearly see, as bankers reach a feeding frenzy and continue to consume wealth, they will "tap out" the economy, eventually the Vampire Bankers will have drunk themselves to death and the debt based currency system will die.
Its a mathematical certainty.
For added Humor
https://i.chzbgr.com/maxW500/227550464/h09C3C329/
Only soo much wealth can be transferred before we hit the carrying capacity of the population to maintain the greed of the banking elite.
Disagree - I think we recover to drive stakes through the hearts of the bloodsucking vampire class -before they suck the earth dry.
Disagree - I think we recover to drive stakes through the hearts of the bloodsucking vampire class -before they suck the earth dry.
More and more, I overhear everyday working slobs at the pizza shop, gas station, and gun shop griping about Obama, the FED, the IRS, 9/11, the police state etc., and I know revolution is in the air.
That's why they did 911, gave us the Police State, Homeland Security, masive out of countrol immigration (legal and illegal) etc. They think they can put down the rebellion and enslave us. I think otherwise.
Recall those old enough, Carter did the same thing. O'Carter here is no different. Those trading this mess, take a long in a Commodity and wait.
We crossed the Rubicon 40 years ago with the end of the gold standard and institutionalized corruption (Ford pardons Nixon). The rest is epilogue. Americans had their chance. They went golfing.
And don’t forget Vietnam: a military defeat that killed 58,000 American soldiers and left 75,000 severely disabled, and killed 1.5 million to 3.8 million Vietnamese military and civilians, and killed 600,000 to 800,000 in Cambodia, and 1 million in Laos.
America crossed the rubicon for sure: into the the whispering winds of shit.
I wanted to be brief. The bloody Vietnam fraud is what forced our hand on Bretton Woods. Thanks for that. These numbers don't lie.
LBJ was just doing his Masters' (CIA and banksters) will -they supported and used him to kill kennedy - he duped the Warren Commission by leading them to believe that the Russisns killed Kenendy, and that if there were a real investigation to discover this big lie -WW3 would result. Then he did their bidding by expanding Vietnma, allowing Israel to get nukes, and otherwise subverting the USA. Our country lost it's sovereignty with the coup of 11/22/63.
Salsipuedes,
You history is pretty distorted.
Thanks for the plug. You history dude.
Ebama, Ebola what's the difference. They're killing us.