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Global Wealth Continues to Shift, 25% of the Western World is Broke
Global Wealth Continues to Shift, 25% of the Western World is Broke
Written by Nathan McDonald - (CLICK FOR ORIGINAL)
Consumer debt culture has completely and utterly taken over the West. Sure, there are still those that value working hard for something and actually earning the right to own what they desire, sadly this has been proven not to be the majority.
Eastern cultures, on the other hand, still has a strong affinity for saving. They value honest money such as precious metals, and at their root they know that if you want something, you need to work for it.
This shift in culture has not been overnight, but regardless, it is here and it is here to stay until this whole fiat system comes crashing down on our heads.
The easy credit that led to the economic crisis of 2008, has clearly returned. The signs for "no credit, no problem" have once again become a staple at many retail locations and people continue to spend more than they make.
This is no secret. Yet, Western politicians and our financial elite seem completely undisturbed by the rot that exist at our society's core.
We have known that the situation is bad for over a decade, but do we truly know how bad it really is? Credit Suisse released its Global Wealth Report last week and the numbers are shocking to say the least.
The main point of the report was to show how One Percenters now own a whopping 50% of the world's wealth! This is quite unsettling and shows how out of whack the global economy has become under a fiat-based system.
Although this is an interesting fact, in my opinion, it was not the most important point taken from the article. What is even more shocking, as Simon Black of the Sovereignman reports, is the fact that there is now MORE poor people in the United States and Europe, than there are in China.
The reason for this being, as the report indicates, is that many Westerners are living with horrible debt, making their net worth negative, something that is not prevalent in much of the Eastern world.
Credit Suisse goes on to point out that it is estimated that at least 25% of Americans are living with negative debt and made the following shocking statement;
“If you’ve no debts and have $10 in your pocket, you have more wealth than 25% of Americans. More than 25% of Americans have collectively that is.”
We have slipped away from our values and have fallen into the horrible trend of "keeping up with the Jones’". For these people, preaching the virtues of precious metals and sound money will mean little. For most, it is simply too late.
The system is terminal, the elite know there is no turning back now, we have driven over the cliff and it is now only a matter of time before the system implodes. The question for them remains, how much can they get out of it before its all too late?
Please email with any questions about this article or precious metals HERE
Global Wealth Continues to Shift, 25% of the Western World is Broke
Written by Nathan McDonald - (CLICK FOR ORIGINAL)
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This is really pretty simple. Banksters are in charge, owning the politicians. They profit from loaning money. There is a new TBTF culture in the West in which the banksters know that they will always be bailed-out. Therefore, who needs underwriting standards?
As for the household debt, one must conclude that given a lack of underwriting standards, it will be human nature for people to borrow beyond their means, perhaps just to maintain a standard of living that they've come to expect.
Funny how I haven't heard a logical, succinct and complete explanation in 20 years how the math of the globalist business model actually benefits anyone but the wealthiest people in the world.
Two schools of thought here. (1) they should be strung up publically and family members should be tared and feathered.
(2) We're the ones giving it to them.
There is a better life beyond empire.
I keep asking myself how a society can put a man on the moon and then manage themselves so poorly?
I am forced to come to the conclusion that the man on the moon achievement was faked. And not because of anything those mentally retarded people saying the curve in some rope is all wrong or some equally stupid statement.
I just don't believe it is possible that a society can put a man on the moon and then manage themselves so poorly.
Every empire has its apex. The US's apex was right around that time frame: I tend to go by 1971 as that was the year in which the USD went full-fiat, peaked in the production of conventional oil and opened up "trade relations" with China.
The pattern is well documented here:
http://www.newworldeconomics.com/archives/2014/092814_files/TheFateofEmp...
NOTE: Glubb failed to identify the real commonality (though, again, his ability to map out the patterns of the rise and fall of empires is really good here), and that's that the necessity for perpetual growth is the flaw that dooms all empires.
hey we got a couple of panda bears in exchange for our manufacturing sector
Its called GREED. There isnt any management, theres just lust gone amuck.
If it was just "Lust gone amuck", would we not see an open season on WS Banksters?
Would not the lust flow at all levels of society?
Not among the slaves. Why would it?
Society doesn't do it ... smart men working for a singular purpose with technology vs. economists working at cross purposes with lies and other peoples money. Elites(Fed) / politicians (Western governments) / financiers(Wall Street, Banksters) working to drain the middle class of power and wealth
Yes, after one recognizes the magnitudes of the financial frauds which are controlling people's lives, it then becomes plausible that the assertions that men landed on the moon were Huge Lies.
Personally, I would rather not believe that ... However, the more one learns about the degree to which society is overall, in every other way, being controlled by backing up Huge Lies with Lots of Violence, then the possibilities that the manned moon landings were faked become much more plausible, since that would fit inside the general pattern of social facts.
"Radical Marijuana" Oh, yeah, like WoW man.... You're like way-out radical with that "moon landings were faked," drivel.
You're a poster-boy for explaining the doped-up notion that marijuana makes drug-users smarter.
PULL YOUR HEAD OUT OF YOUR ASS AND STOP EMBARRASSING YOURSELF AND YOUR FAMILY, DOPEY.
Got any more thumb-sucking "RADICAL MARIJUANA" brilliance. lmao!
You have no fucking idea...
btw, you, oh image conscious learned one, used a "." instead of a "?" .
Like the bible-thumpers that wash up here, you just HAVE to prove you are "a man who learned how to teach... then forgot how to learn. OOh yeah. OOh yeah."
Glad I trusted my instincts in your case. "don't give a calf enough rope to hang themselves" strikes again!
LULZ
I have read a couple of books, and watched several documentaries regarding the subject of the alleged manned landings on the moon. There are LOTS of unexplained contradictions in the apparent "evidence." The best resolution of those numerous contradictions are that some of that "evidence" as faked.
(Meanwhile, I also tend to believe that it is possible that there is some secret space projects, that the public space projects are a cover for. Of course, I do not know anything for sure about that, but nevertheless, that also seems plausible to me.)
Overall, in a world where hemp, the single best plant on the planet for people, for food, fiber, fun and medicine, could be re-branded as "marijuana which is almost as bad as murder," under the HUGE LIES known as "reefer madness" that marijuana was an addictive narcotic that drove people criminally insane and then killed them, (when the facts are that marijuana is never fatal in any overdose), that DEMONSTRATED the degree to which the civilization we are living within was based upon backing up lies with violence pretty well with regard to everything.
Inside of that context, where the monetary system is based on governments ENFORCING FRAUDS by privately controlled banks, and the "war on terror" was started by an inside job, false flag attack, while the "war on drugs" was similarly a kind of hoax, etc., it appears to me to be quite plausible that the assertions that men landed on the moon and returned were false would fit better within that overall social situations than the belief that actually happened.
As the original comment by RaceToTheBottom offered its perspective, it is more plausible to believe that the Moon Landings were hoaxes, than that those were actual achievements. The basic structure of Neolithic Civilization is social pyramid systems based on some people being able to control other people by backing up lies with violence. The fundamental nature of all private property is backing up claims with coercions, while money is the most abstract form of that, as measurement backed by murder.
The Western World is drowning in debts because of their basic MAD Money As Debt systems, whereby the best organized gangs of criminals were able to persistently apply the principles of organized crime through the political processes, to result in governments ENFORCING FRAUDS by privately controlled banks, that get to make the public "money" supply out of nothing as debt for everyone else:
Excellent Videos on Money Systems
Given that the entire political economy is based upon ENFORCING FRAUDS, and that the basic social systems are built on debt slavery backed by wars based on deceits (which included the "war on drugs" which was about 75% the war against marijuana, that completely criminalized all cannabis cultivation, and thereby put the hemp industries out of business), I find it quite plausible that the Moon Landings were faked (although I would rather that was not the case.)
All the technology was apparently lost according to NASA's chief, who says that they couldn't get to the moon with an unlimited budget. What does that tell us?
Who said, "All the technology was apparently lost according to NASA's chief, who says that they couldn't get to the moon with an unlimited budget."?
Not questioning your temerity- just asking...
However, Werhner von Braun is long gone and it's entirely possible that NASA today couldn't hit the side of a barn with a shotgun. It's just another bloated bureaucracy populated by politically connected hacks, these days.
"Savings" are practically meaningless inside of the MAD Money As Debt systems, which are only backed by the even more MAD Mutual Assured Destruction systems, which are also undergoing psychotic breakdowns: Putin Just Warned Global War Is Increasingly More Likely: Here's Why
All NATO countries are almost totally dominated by the international banksters, who have invested for Centuries in capturing control of all aspects of the sociopolitical processes, in order that governments would ENFORCE FRAUDS by privately controlled banks. The majority of people in NATO countries have been mostly brainwashed to believe in bullshit, which includes the ways that almost all publicly significant politicians are able to get away with blatant lies about geopolitics in general. Overall, NATO countries are "leading" the way towards civilization being so controlled by triumphant organized crime that it has become runaway criminal insanities.
POLITICAL FUNDING,
ENFORCING FRAUDS!
That is the LEVERAGE SOURCE of those sorts of political problems, The more one learns about THAT, the worse THAT gets. I am not aware of anyone who is publicly significant who proposes any politically possible ways to stop the runaway criminal insanities, due to nobody having any possibly successful career who does not agree to operate within the bullshit world views promoted by the mass media, at the bidding of the international banksters, which are collectively a group of trillionaire mass murderers, whose morbid psychological and political habits are due to their long history of social successfulness based upon ENFORCED FRAUDS.
A bunch of recent Zero Hedge articles have been worrying about conditions getting way worse, and stating those concerns in more forthright ways, e.g.:
That conclusion is an entirely reasonable for someone with enough education, intelligence, imagination and information about the geopolitical and domestic situations we are finding ourselves within at the present time, since political economy developed inside of civilizations selected by the history of successful warfare, to become financial success based upon enforcing frauds, where those who were the most successful at that got away with maximizing the misrepresentations regarding what they were really doing. Within that context, where the biggest bullies' bullshit reigned supreme, almost everyone else adapted, and hence, the vast majority of people, for generation after generation, gradually more and more became Zombie Sheeple.
Not only do we live in a Wonderland Matrix Bizarro Mirror World with respect to the "problems," but also, we suffer the same fate with respect to the bogus "solutions."
RETIREMENT SAVINGS PRESUME PRODUCTIVITY.
"Those that value working hard for something and actually earning the right to own what they desire" tended to be mainstream morons, who were always being screwed, at an exponentially accelerating rate, as increasing financial rapes of those muppets. Within a civilization whose political economy is ACTUALLY BASED ON ENFORCING FRAUDS, notions of "saving" or "productivity" are actually DELUSIONAL.
Moreover, regarding the underlying causes beyond merely financialization, there are the deeper reasons, which are the diminishing returns from being able to strip-mine the natural resources of a fresh planet. The public "money" supply was being made out of nothing as debts in order to "pay" for strip-mining natural resources as fast as possible. Real "wealth" was being destroyed, while being replaced by tokens of fraudulent "wealth," by a plutocracy whose "wealth" was based upon being able to make the public "money" supplies out of nothing, as frauds enforced by governments, which were almost completely corrupted and driven crazy by the history of feedback loops through the funding of all aspects of the political processes.
That kind of financialization is a fundamentally fraudulent financial accounting system, based on the history of civilization being made and maintained by the ability to back up lies with violence, which developed to become more sophisticated and integrated systems of legalized lies, backed by legalized violence. However, the social successfulness of those strategies and tactics has intensely paradoxical longer term consequences. Meanwhile, people who expected to be able to "retire" based upon their "savings" within fundamentally fraudulent financial accounting systems were delusional, and anyone who promotes similar notions regarding the future are even MOAR DELUSIONAL!
In each short to medium term increment, society is successfully dominated by its biggest bullies' bullshit stories, which are able to publicly present everything as being the opposite to what it actually is, more and more manifesting as Wonderland Matrix Bizarro Worlds.
OF COURSE, that drives social polarization, and that polarization repeats its patterns through the different layers of social systems. As an example, the overall debts of the American people have been on nearly perfect exponential growth curves since 1971. However, all of that is trumped by the destruction of the natural world, due to civilization being controlled by runaway systems based upon being able to back up lies with violence.
The paradoxes in the human predicament are particularly intense because human beings and civilizations must necessarily operate as entropic pumps of environmental energy flows, however, natural selection pressures drive the human artificial selection systems to become based upon the maximum possible deceits and frauds, so that all the dominate sociopolitical systems become dominated by the best available professional liars and immaculate hypocrites. Those are the people recommending to millennials that they should prepare for their retirement. What a cruel joke!
ENFORCING FRAUDS, requires that almost everyone inside of those systems deliberately ignores the principle of the conservation of energy as much as possible, and also deliberately misunderstands the concept of entropy in the most absurdly backward ways possible.
ENFORCING FRAUD ABILITIES NEVER STOP
THOSE FRAUDS FROM STILL BEING FALSE!
Civilization is running into issues arising as:
FINAL FAILURE FROM TOO MUCH SUCCESS.
Exponential progress in physical science has been channeled through sociopolitical systems based upon being able to back up lies with violence. Financialization in more recent times was the manifestation of those systems based on ENFORCED FRAUDS DOUBLING DOWN. ZIRP, then NIRP, is destroying the capacity to retire, while those trends are headed towards destroying the ability to even survive.
Since there is nothing that exists but the dynamic equilibria between different systems of organized lies operating robberies, there can not be any real resolutions of problems that are not based upon changes in the dynamic equilibria of changing systems of organized lies operating robberies. However, what makes that extremely difficult, to the point of being politically impossible, is the degree to which all of the biggest and best organized systems of lies operating robberies were able to publicly present themselves as NOT being those.
Economics was always a subset of warfare. However, there then developed sets of consistent contradictions, which were totally bullshit ways to discuss economics, that became increasingly paradoxical, since there was better and better understanding and application of basic sciences like thermodynamics and information theory, while that was NOT allowed to feedback through transforming the paradigms being promoted in political science, since those were all based upon the biggest bullies' bullshit world views, which were deliberately made and maintained to become as absurdly opposite to what was really happening as those could possibly become.
Civilization necessarily operates as fractal patterns of the principles and methods of organized crime. Since the biggest and best organized gangs of criminals were able to promote their bullshit as false fundamental dichotomies regarding practically everything, along with the related bullshit of impossible ideals, we more and more have ended up living inside Wonderland Matrix Bizarro Worlds, where everything increasingly manifests in ways that become absurdly backwards, through the PARADOXES OF FINAL FAILURES FROM TOO MUCH SUCCESS.
It now appears to be politically impossible to have any rational debates about those issues, due to the degree that would require profound paradigm shifts in order to be able to perceive and discuss how and why governments became the biggest forms of organized crime, controlled by the best organized gangs of criminals, in ways can NOT be changed other than by changing the dynamic equilibria between different systems of organized lies operating robberies, because that is the way that human beings and civilization must necessarily exist and continue to do, IF those survive ...
Human beings and civilization were always operating as gangs of robbers in their environments, as soon as they perceived themselves as separate from their environment and each other. The history of successful warfare based upon backing up deceits with destruction morphed to become the history of successful finance based upon enforcing frauds. That was always on more or less exponential growth curves, with the phenomena of financialization, etc., making that appear to become more blatant in relatively recent times ... In that context, "savings" and/or "retirement" became more and more bullshit based upon fundamentally fraudulent financial accounting systems.
All the established systems are becoming more and more UNBALANCED, because they are all based upon the excessive successes of ENFORCING FRAUDS, which never stops those FRAUDS from still being FALSE. However, it is extremely difficult to perceive whatever may be "the truth" underneath or within a society which is almost totally dominated by integrated systems of backing up lies with violence, which is, therefore, almost totally dominated by professional liars and immaculate hypocrites, who are operating those sociopolitical systems.
The current political problems are stacked up on top of each other, as resulting patterns of social polarizations, that are fractally repeating, again and again at different levels. Moreover, and more importantly, there is basic destruction of the natural world, along with having built industrialization on the basis of being able to strip-mine the natural resources of a fresh planet, which kind of industrialization has, so far, barely had to develop any better industrial ecology ...
Of course, the development of any such better industrial ecology is politically impossible while using fundamentally fraudulent financial accounting systems, which are like using bent rubber rulers to measure everything, while deliberately disregarding that the current public "money" supply is those kinds of measurements, backed by using the public murder systems, in ways which are not admitted nor publicly addressed, since the social successfulness of political economy based on ENFORCING FRAUDS demands that the vast majority of people do not understand THAT, because they have been conditioned to feel like they do not want to understand THAT. Indeed, few of the professional hypocrites who were socially successful inside those systems want to actually understand what they were actually doing!
The currently established systems of financialization, based upon ENFORCING FRAUDS, are more and more obviously suffering their paradoxical final failures from too much success. That monetary system was always based upon the triumphs of organized crime, whose excessive successfulness manifests more and more as runaway criminal insanities. The established monetary systems have become like parasites killing their hosts, or like totally metastasized cancers.
GOOD LUCK "RETIRING" ON THAT BASIS ... ONE WOULD BE LUCKY EVEN TO SURVIVE ON THAT BASIS. Overall, that MAD society, based upon Money As Debt, backed by MAD Mutual Assured Destruction, appears to have become terminally sick and insane ... One way or another, sooner or later, there must be some rebellions and revolutions ... There are NO solutions within the established sociopolitical systems, and certainly NOT by people attempting to "save money," that was made out of nothing as debts, in order to pay for strip-mining the planet's natural resources, as we thereby high-graded ourselves to hell.
I long ago tossed the notion of "retirement" on the trash heap. The majority of the world's humans don't know anything about retirement; and this has been the case throughout human history.
It really boils my blood these days to hear ads come on telling everyone how they can be financially secure when it's quite clear that that paradigm no longer exists.
If I were to boil it all down it would be to these two things:
1. Power doesn't cede itself;
2. Nature is deceptive, humans are OF nature.
People so want to have a fairy-tale life that they're willing to subject themselves to lies. Believe in lies and your lives will be better! Of course, the inclusion of the word "lies" isn't used, it's hidden, but that's really what it is.
Word.
"negative debt"
Interesting terminology. Like, "The S&P dropped by -500 points"
"One Percenters now own a whopping 50% of the world's wealth"
I have no debt and mid 6 figures in cash. I trade that to make 5 figures income. Nothing is in my name. All corporations. I don't own land, no mortgages, no gold.
Am I a 1%'er?
Are you a Gypsy?
I definitely like to keep it simple and stay off the radar. Maybe I am a gypsy, I never really thought of that. I live really well, but I am definitely a minimalist. I guess the point of my post was that even though I don't have that much, i have built a healthy happy life. Trading is pretty intense, but I am very good at it. It is a very low overhead business and I don't rely on clients, don't have to deal with marketing, government regs, worry about the economy, a nasty boss, losing my job etc. The catch is I have to consistently make profitable decisions. The gypsy part comes in I guess because I can be anywhere in the world and I can always produce income - that is if I make the profitable trade. The risk I face is currency risk. I just dont have enough money to hedge against that unfortunately.
A pikey? A hate fucking pikeys. But, they always throw a dog into the deal, which is kind of cool.
" Whopping". Gee whiz, Golly Gosh.
Canadians buy expensive cars and put little money down. Elderly Canadians are spending money so fast they have to borrow just to keep up payments on the Mexican condo...
Correct for Auto and Elderly (65+) debt, and the Canadian escalation is relatively flat.
Why save. The government has your back.
That pretty much sums it up.
A money lender makes money by extracting more than they put in - parasitism. It's that simple.
If it's kept restrained then an economy can take the hit. If usury ever becomes completely unrestrained - as it has in the west since the 80s - then the economy will be destroyed.
One civilization after another has lost this battle against usury.
"One civilization after another has lost this battle against usury."
The means of trying to maintain this race with usury is predicated on growth. I'd be interested if anyone has any direct references to early times in which debt jubilees were declared following what was, then, noted to be a problem with maintaining growth (to feed usury).
The other side of a debt jubilee is throwing the entire Social Security and Pension crowd into the wood chippers.
Toss all the disabled into the wood chippers too. The 401K crowd will be vaporized.
Free all the prisoners too… and the single moms born from single moms will need a place to live…
I think any Debt Jubilee, while fun to think about, is nonsense.
Don't make the mistake of thinking that I'm advocating Debt Jubilee. I dont' advocate anything other than the use of logic and facts.
That you or I, or anyone else, wouldn't want to see those things is totally beside the point. NO ONE has any control over this. This puppy was coocked in from the start. That which goes up must come down. Perpetual growth on a finite planet is not possible.
Whether decllaired by TPTB or whether by revolution, big time debt restructuring WILL occur. Again, got nothing to do with what anyone wants. This is reality. This is proven by history.
The runaway debt insanities provoking death insanities are more probable than debt jubilees. To put it in another way, throwing large numbers of people into the metaphorical "wood chippers" will be the default result of the debt insanities not being able to be resolved in any other ways within the established debt slavery systems.
Yup. One way or another it's going to happen. I've already planned for it; I figure that if I am committed to working until I die then I can be of some use (I'll have knowledge of working my land, and that will go to a future generation- I'm hoping that this will show that I was actually thinking about future generations and it might achieve me a reprieve; that's MY plan anyway).
I don't, however, believe that there's a desire for all of this: the backlash is going to be really nasty. Although there's plenty of folks around here that show hatred for others (of various ideologies, religions and skin color) I don't get the sense that there's really anyone that would sign up for all of this (perhaps because the breadth isn't known well enough that they can exclude themselves from any such fate?).
No matter, the future will require its pound of flesh (sweat equity). The "traditional" methods don't seem very viable in which case "alternative" methods will be the call. We won't be hoping it away or hiding from it...
Party pooper.