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Chart Of The Day – This Is What Neo-Feudalism Looks Like
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
I got this from Naked Capitalism. Before presenting the chart, here are some words to bear in mind from Yves Smith:
Short omits some key elements from his discussion. One is that until recently, a profit share of GDP of 6% was perceived to be a cyclical peak; no less than Warren Buffet deemed a higher level to be unsustainable. And in fact, we see an explosion of profit share from 6% to 10% of GDP in the runup to the crisis, roughly from 2003 to 2007. The “rescue the banks and financial markets” measures succeeded in bringing the profit share back to its pre-crisis levels, at the expense of workers.
Notice the inflection point in profit share is 1987, when Greenspan became Fed chairman. Correlation may not be causation, but the timing is almost exact.
The Maestro strikes again!
Don’t worry plebs, it’ll get better next year. Just keep calm and slave on.
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Pick your master: Rhodesians or Leninists.
Corporation pay the big bucks for the MBA’s to track inflation and adjust accordingly. Paper profits that will evaporate. Old bankers trick, fool them with inflation.
Profits are a good thing.
It's government at 50% of GDP and growing that is unsustainable.
but we're talking false profits, and i dont mean that in the biblical sense
FED Chair=False Prophet.
holdbuysell said......"Pick your master: Rhodesians or Leninists."
Pretty soon, Skynet and the Robots.
Boys and girls....better learn electrical engineering, mechanical engineering, C,C++ , JAVA and Python. Somebody's gonna have to learn how to service the new robotic employees of the FUTURE....Future.....future....fu......
By the way.....go ahead and learn another language that begins with C as well.
Chinese. That's where our robotic overlords are coming from in the FUTURE.....Future.....future.....fu......
This graph will get much worse as robots replace more and more workers. In a fascist, police state, ordinary people do not matter. Nor do their incomes. Or their votes.
The top 0.1% of Americans have more wealth than the bottom 90%. That will get much worse too. In the not too far dystopian future in the land of the free, you may have to sell a kidney or two to survive.
Or maybe we'll chop up 1%ers and sell all their organs.
They own the security apparatus - the police, DHS, FBI, NSA/CIA. And the police is being increasingly militarized. And domestic security spending keeps increasing. Tens of thousands of drones will soon be patrolling US skies. Our dystopian future is being perfected everyday with our money and without our permission or knowledge.
Complete bullshit. So long as humans are involved anything is possible. The 0.1% "think" they own such things, but it never works out that way. Mob bosses come and go and those clubs is no different. In fact, my intel at Bragg says there are numerous internal conflicts brewing already.
same as it ever was.
Hope you are right and change comes soon.
“When I despair, I remember that all through history the way of truth and love have always won. There have been tyrants and murderers, and for a time, they can seem invincible, but in the end, they always fall. Think of it--always.”
Mahatma Gandhi
"Complete bullshit. So long as humans are involved anything is possible. The 0.1% "think" they own such things, but it never works out that way. Mob bosses come and go and those clubs is no different. In fact, my intel at Bragg says there are numerous internal conflicts brewing already.
same as it ever was."
Thanks moron ! Even if the NSA didn't know already.....they do now thanks to your big yap. The FIRST rule of Fight Club. No one TALKS about FIGHT CLUB.
Your intel at Bragg? What the hell are they waiting for? There should have been a coupe back in 2007 with TARP
Then how did you find out about it if it was without your knowledge, sounds more like the money is running out and the time for prayer has begun.
Yeah so where are they going to get the money to pay for it all? Fiat currency? Who's going to accept it? The race to the bottom in fiat currencies is happening right now. When no one trusts the value of a fiat currency then it will be back to gold and silver backed currencies. This is happening right now.
BTW I work with robots and I gotta tell you that transfer lines are pretty mechanized but the FANUC stuff requires trained experts to make them work. And the tasks change all the time. Unless you are making some pretty high volume parts there are many instances where robots don't pay. Trust me, we are not there yet.
Henry Ford II: Walter, how are you going to get those robots to pay your union dues?
Walter Reuther: Henry, how are you going to get them to buy your cars?
“How Will You Get Robots to Pay Union Dues?” “How Will You Get Robots to Buy Cars?”.gov luvs robots now, but 50 years from now, whose wages will cover .gov's budget?!?
The .gov workers will be wiped out after they and the robots wipe out the peasants. The elites don't need billions of drooling idiots. They'll just kill all of us, using whatever means necessary. Wars, plagues, famine etc.
Exactly right. War, famine, and disease are the historical methodolgies to handle excess population.
owebomba gonna pay my mortgage!
lulz lulz lulz
I was talking with someone this weekend and she said her husband was a big Republican. I tried to explain to her that the only difference between Obama and Bush was that one was born in Hawaii or Africa. She looked confused, like it was the first time someone explained to an 8 year old boy that pro wrestling was fake. She quickly moved on with, "I don't know, I just like Bush better and anyway, don't say anything to my husband." Yeah, this country is f*****.
Sheep have a very short memory. I think about 3 months and you asked her about 8+ years period. She can't remember what Bush promised and what he done, but she can tell about Bred Pit or other pop-star.
Too many bull crap on tv and too less they know about the world.
@kowalli
Today I learned that Clinton and Bush II spent all week "chiding" each other on different social media platforms that the other did not use a particular social media platform. If there was ever any doubt that these "presidents" are anything but highly paid spokesmen for corporate interests, particularly the military-industrial complex, the events of this past week should have settled it for anyone with half a brain (i.e. roughly 5% of the American populace).
I still don't understand - why are they vote for the same people if nothing changing?
What's the point? no jobs and all in debt and no one care about it...
@kowalli
I can think of several answers, but maybe the easiest is that is is difficult or impossible to make a man understand something that is contrary to his paycheck. Once our forefathers accepted debt as our savior, we were all doomed to this fate.
I still don't understand - why are they vote for the same people if nothing changing?
It wouldnt matter. In some states the ruling class democrats and republicans decimate third parties. In some carses they try to ban third parties from even participating in democracy, amazing isnt it?
I notice the mouthbreathers in my humble burg are showing more animal spirits lately - buying more F12s and 300's on 8-year plans; more parties, just a lot of whoopin' & hollerin' that was absent 2009-2013. Buying houses too; and gettin' worked up because they have already "made a profit".
I am going by this - when the great unwashed are popping the cork is when the smart money quietly heads for higher ground.
There are much larger fish to fry than whether there is equality or not. There is not and never will be. Amerikan Kulture is dead or so close it's time to just give it one more big dose of morphine and let 'er go (which may be what is being done). Democracy is rule of the lowest common denominator and the LCD in this country has produced what we have today.
I'll never forget back in summer 2000 I was a young buck working at Nortel and everyone was saying they were going to retire in a few years when they cashed in their Nortel stock options. It was trading around $90 back then. I left later that year and by the following year the stock was around $20. Then I remember in late 2007, my brother was saying he should borrow some money on those 0% credit card offers and put it in the stock market because it kept going up. I told him not to. He doesn't follow financial news much and I knew all about the housing bubble and Lehman and Bear Stearns. By 2008 the market cratered along with the economy. Now my other brother is asking about buying Alibaba. It won't be long before the market and economy crashes again.
Profits pumped up by stock buy backs.
Herewith is my pledge and oath of absolute service, obedience, loyalty and fidelity to my Liege-Lord, the Duke of Wall and Broad.
I will strive to diligently serve my Lord and Master and devote to him my abs, my pecs, my lats and my you-know-what, in return for a few crumbs from his table, a few drops of petrol and a few minutes of internet a week.
I kneel to kiss his Prada boots.
(kisses boots 'smack')
Next stop is a PE higher than 1929..... Getting close....keep moving, nothing to worry about here
Death of the American Dream was 1913 with the establishment of the banker's bank (Federal Reserve).
The lid put over the corpse in 1972 by Nixon killing the Gold standard for good.
Nails in the coffin pounded down in 1987 by Greedspun and the coporatocracy.
Negate $.01 for one century, every year. Continue until $100 equals $.01 as an inflationary base. Once fiat reaches negative deflation of $.01, good luck keeping the illusion alive and pray to any g$d of your choosing for forgiveness. Or something....
This country has been bleeding manufacturing jobs since the 70's!
I believe we have arrived to the end.
We got no more jobs to support a growing populous!
The end.
You - the slaves and sheeple - get what you elect.
Free will. Free choice.
You can even create new parties.
Which means - you elect what you deserve = you deserve what you elect.
Fact over the thousands of years of history:
The sheeple and slaves almost always have preferred to remain lazy and dumb.
Nothing changed since Stonage ever - except the furniture and colors and the glittering.
0.01% determine what happens to the 99.99% and the 99.99% let it happen. For empty promises.
Failed experiment.
There is simply NO excuse for the sheeple.
As they let it happen. Since Stoneage.
IQ of the sheeple over the span of the centuries: -198
Memory size of the sheeple: 4 bits - sex, food, drugs, games.
Memory size of the 0.01%: 5 bits - sex, food, drugs, games, fucking and looting the sheeple.
Beyond that: NOTHING.