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The Untied State Of America
Dis-united...
In words...
As Robert Reich said yesterday, "yes, The Fed is feeding inequality; but it has to keep rates low for the good of the economy"
And Pictures...
And charts...
Source: Bloomberg and @Stalingrad_Poor
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Reich's been a captured lil toadie for decades, hasn't he?
I think Thomas Piketty should have looked at the Central Banks QE programs before blaming the wealth inequality on some inherent flaw of capitalism, aka r<g.
He like most economist would rather blame capitalism, even if they try to pretend that’s not what they are doing, than actually consider their own failed policies.
The Hispanics are winning.
I've watched those policies evolving for the past 50 years, 80 really because my college economics studies were immersed in the history of the new deal, taught by its architects and its enemies. My professors were fiercely determined there would never be a repetition of the depression of the '30's. They and the governments they and their students advised did whatever they had to do to prevent another economic implosion ... and that is a large part of what has led us to this moment we find ourselves in.
We could have had another ordinary depression back then - but the last one nearly destroyed capitalism and the civilized world. Our efforts to postpone the inevitable have turned it into something much worse. David Stockman's post yesterday is interesting. He has been part of this effort since the beginning, sees it deeply but he started as a true believer and I don't think he sees beneath it to its deeper history.
Wouldn't captured imply he'd rather not be part of that system.
He is getting shorter.....4' 5" now?
robert keich
Reich's been a captured lil toadie for decades, hasn't he?
A cloaca for sure.Not certain about the rest of the toad.
Reich's been a captured lil toadie for decades, hasn't he?
Reich's been a captured lil toadie for decades, hasn't he?
Reich's been a captured lil toadie for decades, hasn't he?
Is there an echo in here or what?
didn't you just ask that?
When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
Perhaps again someday.
But prolly not in my lifetime.
@ spinone,
It's not a "Government." It's a Criminal Fraud Entity called the UNITED STATES, CORP. INC. Stop using Slavespeak.
The 14th Amendmnent creates a 'corporate person' aka 'citizen'. That amendment is the root of the fraud that is currently occuring in this country. This amendment defined what a 'citizen' was, is, and could be. It eliminated all rights to property and transfered them to the state. That is why you must 'register' everything with the state. The term 'registration' means to give up all rights and ownership, that is why no one owns anything in this country, because fictions(corporate persons) are dead and 'tell no tales' and 'own nothing'. Senate Report 93-549 confirms that Americans live under a dictatorship, own no property, and never can. This amendment allowed for the creation of the Act of 1871, which then in turn allowed for the creation of The Federal Reserve Act, which in turn lead to the Emergency Banking Act which dissolved the Republician form of government and replaced with a democracy. This amendment needs to gone the way of the Prohibition Amendment. Do your research the Secretary of State(Not the President who is supposed to) signed the Executive Orders in 1868 ratifing the 14th Amendment ahead of the last state and to publish it. The Secretary of State was the one who finalized it and only the President can finalize them. It is a fraud and needs to go.
I may also add, Look this up CRS Report for Congress Order Code 98-611 page 5, and I quote:
"The sixth executive order, dated July 20, 1868, and concerning the ratification of the Fourteenth Amendment to the Constitution, was also signed by Secretary Seward and has the form of a proclamation. The same was true of the seventh executive order, dated July 28, 1868, certifying the ratification of the Fourteenth Amendment and ordering its publication."
Only the President can sign executive orders, and Johnson did not want to sign it. So there is fraud right there, not to mention the fact that 2 states recinded before it was ratified.
"One may be a citizen of a State and yet not a citizen of the United States." Thomassonx. State, 15 Ind. 449; Cory v. Garter, 48 Ind. 327 (17 Am. R. 738)
You must live in either Texas or Utah, you know, those "hostile" states. Maybe New Mexico.
The FED has been feeding inequality since it's inception which makes sense because the ponzi plan is to have a world of plebs ruled by zio bankster gods on earth.
Divide, deflect, defeat.
Welcome to the Connected States of Amerika.
Yeah, that income inequality can't possibly be due to a massive influx of illegal aliens (oh, excuse me, I meant "economic refugees), that are highly unskilled, diseased, illiterate even in Spanish, and hungry to compete, assuming they wish to work, for the lowest wage jobs...
That chart could be correct if the lower number of employed people could be explained by a higher rate of retired workers.
So the question is whether that could become the case if the benefits of technologicl progress and a less skewed income distribution along with fewer wars could result in less work for allof us without a drop in the standard of living.
I want to move out of USSA. I need suggestions. I seek a location that is not USSA obsessed with NO blacks or J's.
Just normal white people who are under no delusional spell of dreams and such. People who just want to live a balanced life. NO rat race.
Does anyone have any suggestions? Please I am desperate!
Hmmmm, no blacks or Jews...maybe the Inuit Nation.
http://www.saa.gouv.qc.ca/nations/population_en.htm#inuits
Aren't we all?
Me? I'm tired of everyone, and they of me.
Japan has no blacks or J's and not many white people either. Doesn't seem to have protected them from delusional social and economic policies.
Iceland?
Tired, hackneyed...I suppose it's probably our fault, cause we need constant new stimulation, so we get retreads of retreads.
The collapse is certain; it's juman nature. We've been hearing about the looming entitlement crisis for 35 years and have only raised taxes and expanded the flock. We won't deal with any of it until we have to, at which point our options will be more limited. No 'solution' exists if that means keeping the state's promises, they can't be kept.
Optimum outcome: things get bad enough that the states are left to fend for themselves during any chaos that ensues. After that, they offer to help pay for constitutional government only. If they suck the federal nipple through any crisis, they are still babies on the other end, just waiting for the feds to flop 'em and drop 'em.
The current state of the Criminal Fraud UNITED STATES, CORP. INC.
100 million unemployed.
49 million on food stamps.
18 Trillion in Debt.
200 Trillion in unfunded liabilities.
300 FDIC Taxpayer future derivatives bailout.
QE Monetization of Debt.
JADE HELM 15
Collapse.
I like even numbers. I think 100 million on food stamps before anyone even blinks.
Then "who pays for this entitlement? Look we gave you NAFTA and now TPP" Exported all benefits and liberty and employment. BUT going to blame you anyway. YOUR FAULT, YOU USELESS EATERS with families.
Coming to a TV set near you. When? protect your friggin ass. They round up feeder cattle/chickens/pork with no compassion for life. When push beomes shove "most" will be treated with less respect than that. As banks, gov. suck up everything and leave a world of debt slave serfs...(just like the good old days centuries ago when aristocracy owned everything ...but now are coming after more than property rights. want all control over every resource including air.)
Greed know no limit.
A couple pictures to get you in the mood.
Two Great Photographs.
http://www.shorpy.com/node/5911?size=_original#caption
http://www.shorpy.com/node/5941?size=_original#caption
From:
http://www.theautomaticearth.com/2015/05/debt-rattle-may-16-2015/
http://www.theautomaticearth.com/2015/05/debt-rattle-may-13-2015/
http://www.shorpy.com/node/5941
Whoa! The room is spinning......
All these guys will blame others,,,,the others being the "cotton pickers in the fields".
The machinists in sewing factories in Bangladesh. The coal miners. The fast food workers.
Etc.
Anyone who is not "i the club". And Reich walks a good talk in some ways but falls short of any real truth. Hear he was already pegged for a post in the new USA gov. So he walks a sold out line. Resting on his laurels and selling out.
Never friggin ends.
Said the beggar on the street... "My portfolio is holding steady... ASK ME HOW!!!"
Federal Reserve policy is designed as a waelth transfer mechanism. Interest payments in a market driven interest rate scenario would have returned some 500 billion to 1 trillion dollars to savers and pension fund holders. Had interest rates been driven by the market. Since 2008 to 2015, the Federal Reserve has taken that 500 billion up to a trillion and taken it away from savers and pension fund holders, and by artificial manipulation to ZIRP, have given it across the board to banks and speculators. That is wealth transfer, as the market would have awared that money to the saver community, the Fed stole it by policy and gave it to speculators and bankers. If it take a non-market intervention to get that 500 billion, then it is theft. The market, left to work, would have awarded the money to those who should have gotten it. Instead, and ocean of that money went to boost speculators portfolios and to Bankers who no longer needed to pay any interest on depositied hundreds of billions. THEFT is THEFT, though hidden behind a wall of media and government lies!
From Greenspan onwards, the Fed has decided it must manipulate markets for the benefit of 1%, to stage manage every aspect of monetary and economic markets.
They still peddle the LIE that America is a free market capitalist country. It is not. It is a dictatorship of the monied elites, who use fake elections to offer up to Americans two candidates for each government post, with both candidates carefully selected by the elites to do the elites bidding. We get to pick which one. Some choice.
Well said. Standing and clapping Jack.
Succinct.
Me thinks you underestimated the Ripoff, fixed markets saved closer to $1 Trillion a year, this would have been like $1.5 Trillion to those with Money Market accounts, Individual Savings Accounts, 401Ks with Treasuries, those that came in afterward to buy savings bonds, and most of all the big accounts, big trusts, big pensions, that would have invested in Long Term Treasuries at rates of like 6% or more.
But I'm not a Financial, Economic, or Tax Expert. I'm just a guy that has pulled Budget data for a long time.
Robert "the 3rd" Reich is a miniature man in stature, intelligence, and honesty. Reich should have just stayed on in the Lollipop Guild
https://www.youtube.com/watch?v=6KSiyaqnZYs
BALTIMORE — By 5:45 that evening, April 27, the mob at North Avenue and Smallwood Street had swelled to maybe 200 young rioters, and the ransacking of Hyo Yol Choi’s 3,000-square-foot beauty products outlet was in full frenzy.
Some of the teenagers had shattered one of Beauty Fair’s windows. Then they pulled like oarsmen on the black iron bars behind the broken glass until the metal bent, opening a gap just wide enough for a skinny kid to wiggle through. The kid unlocked a delivery door from inside, and the looters swarmed past him, plundering and trashing Choi’s six-year-old store “the way locusts come down on the fields,” as a witness put it.
http://www.msn.com/en-us/news/us/the-story-of-west-baltimore-can-be-told...
If you owned a business and had the choice to have machines do the work for basically nothing except the cost of electricity, or pay someone upwards of 40k every single year what would you choose?
There will be no more jobs added. Only replaced by automation. No government, individual or group can do anything to change this. There is no discussion to be had here.
You need to price some of those machines, along with the contracts to keep the machines working,,, as contrary to popular opinion they break very often.
THe Federal Reserve is in shaky territory. The Creature from Jekyll Island will undoubtedly lose all credibility once the economy starts collapsing with authority. That collapse is almost here.
http://www.globaldeflationnews.com/the-creature-from-jekyll-island-the-e...
"As Robert Reich said yesterday, "yes, The Fed is feeding inequality; but it has to keep rates low for the good of the economy""
Dat Blackmail.
Dat wot dat is.
See... We knowd all bout Dat.
'Cause we black.
Some Wite folks they dum. The pretend or act like they is no blackmail or bad folks... Damnedest thing! Act like 'oh we have good peps in charge. They just take care us an' want the best fo all us.
Damnedest Thing!!
Reich is a sawed off little RICH Socialist PIG. Fuck him.
I would pay top dollar for front row seats to his public flogging, or if this were "our close ally" Saudi Arabia, his public beheading.