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Summarizing The True Sad State Of The World In Two Charts
You can listen to CNBC, and the president, drone on about the recovery, about the wealth effect, about trickle-down economics, about why adding $150 billion in debt per month is perfectly acceptable, and about a brighter future for America and the world... or you can take a quick look at these two charts and immediately grasp the sad reality of where we stand, and even sadder, where we are headed.
Chart 1
Chart 2
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Chart 2 shows the Annual Increase for 2010 by income group. Neither aggregate nor average income (nominal) has decreased for any of the three goups.
"Trickle Up Poverty"
Wheres my $80.
I don't know, but I received $160.00 in the mail yesterday!!
2 post delete
Looks like a recipe for internal and external civil strife (War).
I wish.
What's really the problem of 1% vs 99%? Is communism preferred otherwise?
The problem, kalasend, is that there's a serious imbalance, but I know you know that. Actually, that chart was published by ilene, yesterday, in the contributors section, copy-pasted from phil-somebody. It was a decent article.
Would you prefer fascism? How about THE RULE OF LAW ENFORCED and THE ABSCENCE OF BRIBES. That's what I would prefer.
What's with all the chart porn today, Tylers? No news? Major indices are all in the red. I'm gettin' a bit of a woody here.
The last time I had one of them I was coming out of anesthesia. I think that fat nurse did me.
Man learns from history that man never learns from history
Oh yeah... that's sustainable.
Like Holland, Canada was on a nice trajectory until the global borrowing party started:
http://seekingdelta.files.wordpress.com/2010/10/canada_gross-debt-to-gdp...
"The 99% got 7% ...so what are they compaling about?" ....sayeth Bankfein & Co.
Hey, Ben Bernanke and Stephen Chu both commented yesterday we are having this economic distress (wait, I thought things were improving?) because they don't have enough power (in not so many words they said this). All we need to do is let them control EVERYTHING and then the economy will improve.
While I think some corporations and most of the banks are a problem, the bigger problems are the facists running the country.
Wake up, take the red pill. Demand action. Demand the end of the fed.
If this ass clown is reelected our freedom is done.
http://www.cnn.com/video/?hpt=hp_mid#/video/us/2012/03/28/hln-dr-drew-maher-on-trayvon-sex-and-speech.cnn
Seriously.
The five steps :
Realization
Rage
Resolve
Rifles
Rope
Implosion
Deflagration
Deflation
Deglobalization
Depopulation
Recopulation
So hang in there...
Going Underground.
Some people might say my life is in a rut,
But I'm quite happy living with what I got
People might say that I should strive for more,
But I'm so happy I can't see the point.
Somethings happening here today
A show of strength with your boy's brigade and,
I'm so happy and you're so kind
You want more money - of course I don't mind
To buy nuclear textbooks for atomic crimes
And the public gets what the public wants
But I want nothing this society's got -
I'm going underground, (going underground)
Well the brass bands play and feet start to pound
Going underground, (going underground)
Well let the boys all sing and the boys all shout for tomorrow
Some people might get some pleasure out of hate
Me, I've enough already on my plate
People might need some tension to relax
[Me?] I'm too busy dodging between the flak
What you see is what you get
You've made your bed, you better lie in it
You choose your leaders and place your trust
As their lies put you down and their promises bust
You'll see kidney machine replaced by rockets and guns
And the public wants what the public gets
But I don't get what this society wants
I'm going underground, (going underground)
Well the brass bands play and feet start to pound
Going underground, (going underground)
[So] let the boys all sing and let the boys all shout for tomorrow
We talk and we talk until my head explodes
I turn on the news and my body froze
Braying sheep on my TV screen
Make this boy shout, make this boy scream!
Going underground, I'm going underground!
Time to sharpen the guillotines.
This is what deregulation of Wall Street and government bribes/corruption did. Hope ya'll enjoyed the ride DOWN.....you continually re-elected these scum.
Deregulation? Again you have no idea what you are talking about. mega corporations love regulation it is how they keep the more agile value providing smaller competitors under their thumbs. You think there are less regulations today than 20 years ago? You have no clue.
The problem is the failed philosophy of altruism or sacrifice for the greater good. Until "wealth redistribution" is called stealing we will be heading further down. Take from the productive and give to the unproductive in the name of the greater good and suffer the consequences of less wealth being generated and more wealth going to thieves.
End regulations, allow free trade, We need laissez faire capitalism not the mixed bag of garbage we have now.
I can hear the thumping sound of New World Order French Revolution II.
This is a problem of abuse of power. Regulation is a power used to benefits the 0.01% to the detrement of the 1% or the 99%. Gullible people will be drawn in by the whole 99% vs 1% debate and continue to invest more and more power in government to "fix" the problem. government will conti9nue to use that power to pass laws to benefit the 0.01% and blame the resultant problems on too much freedom, or the other party, or anyone but excessive government power, until all semblance of freedom is gone and the 0.01% can rule with absolute power.
Right now there is a debate going on about whether the government should have the power to compel you to buy health insurance against your will. Who do you think that power will benefit? it shure as hell isn';t going to benefit the 99%.
I do not know whats worse the charts or the 99% doing nothing about it. As long as people allow this to go on nothing will change. I may be wrong but sooner of later someone in the middle class will be leading a rebellion. This chart will never hit the newspapers in the USA.
Too bad they did not bail us working stiffs out. Mortgages paid, home prices stabilize, governement taxing us for the bailouts as income and people would have been better off then spending 16 trillion to bail out corporations an banks. Debt Jubilee for all of us working stiffs for a change.
it's the carrot on the stick, falsely represented by the FICO score.
lots of people want to maintain the status quo because they think that one day they can 'make it' and live like the 1%'ers do. or at least close. gee, wouldn't that be nice?
apparently there a lot of distractions and sedatives to promote this false illusion. and most people are gullible enough to fall for it.
The problem with the whole 99% vs 1% debate is it's a distraction from the real problem. If you go from protecting individual property rights to a government that has the power to take from people at will as the majority sees fit, then fully expect that power to be corrupted and used by the powerful to the disadvantage of that very majority. And, when that power hurts the 99% fully expect those in power to launch an all out campaign to expand that power even more. the best way is to create a nameless, faceless 1% who are the scapegoat (championed by promenent powerful people in the 0.01% who want to eliminate much of the 1%), and use it as a distraction from the real problem, which is government should not have the power to arbitratily take from people as it sees fit. What you own and what you earn should be protected.
Federal Prosecution Of Financial Fraud Falls To 20-Year Low, New Report Showshttp://www.huffingtonpost.com/2011/11/15/financial-fraud-prosecution_n_1...
What's the problem with those charts? They look right where they should be according to Obozo and his lemming followers.
As usual, the casual observer wonders why no comparison numbers are offered for the Total Income Increase in previous years...
But the NYT would never present data selectively, to achieve political goals. /s
That's some fine community organizing!
Macro Bust, Macro Bust, Macro Bust, Macro Bust
I want it, I want it, I want it...(You can't have it!)
Think how much you'll save...(You can't have it!)
I want it, I want it, I want it, I want it ... (You can't have it!)
...
Every day you'll see the dust (Too much, the Macro Bust)
As I drive my baby in my Macro Bust (Too much, the Macro Bust)
Data backing class warfare such as that conveniently provided here by the Jew York Times will be used to help support the establishment of the socialist New World Order.
So don't worry, the New World Order and one world "socialist" (in truth, neo-feudal) government will save us from both national debts and income inequality.