People across America are becoming increasingly disillusioned with both governmental and corporate leadership. Our government is now under the control of five transnational banks who let the Federal Reserve do their bidding on Capitol Hill.
Most Wall Street insiders know that a de facto coup d’état began on September 15, 2008 when Lehman Bros. failed sending it into bankruptcy. Three days later the US money markets were under attack and threatened to shut down the entire global economy. The Fed stepped in, halted trading, and 48 hours later Henry Paulson and Ben Bernanke stood in front of a secret closed-door session of Congress demanding nearly a trillion dollars to bail out a banking system that had entirely collapsed.
What has transpired over the last four years has been a succession of bailouts and crony-capitalism whose sole intent is to protect the richest people in the world. The squeeze that they have put on the working class is now painfully apparent in higher prices at the grocery store, gas pump, our electric bills, and pretty much everything we buy to survive.
So not only did Wall Street rack up record profits through what will go down as the greatest financial heist in human history, the US mortgage-backed-securities debacle, but now they have forced us to pay for their transgressions through a process of inflation and ultimately, the debilitating taxes that will surely follow.
Ultimately the Fed, who has added $3.0 trillion dollars in worthless assets to its balance sheet, will demand repayment. They’re not going to get it from the banks who handed them the paper. Instead, they’re going to turn to the US citizenry and tax the life out of us vis-à-vis the US Treasury and the electorate securely under the Fed’s control.
Enter the 2012 election. Either Romney or Obama will get the nod. In any event our national debt will continue to rise, inflation will continue to erode our standard of living, and Wall Street will be allowed to run rampant on the backs of good people who deserve more than what our government has allowed to fester.
A government run at the behest of an elite banking class is by definition, an oligarchy. Nothing short of a revolution can bring it down. The only question is, what form will revolution take?
Posted below are 45 signs that America will soon be a nation with a very tiny elite and the rest of us will be poor…
#1 Increasingly, gains in income are becoming very highly concentrated at the top of the food chain in America. The following is how income gains in the United States were distributed during 2010….
-37 percent of all income gains went to the top 0.01 percent of all income earners
-56 percent of all income gains went to the rest of the top 1 percent
-7 percent of all income gains went to the bottom 99 percent
#2 Back in the 70s, the top 1 percent earned about 8 percent of all income. Today, they earn about 21 percent of all income.
#3 The wealthiest 1 percent of all Americans own more wealth than the bottom 95 percent combined.
#4 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
#5 The poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.
#6 Median household income in the United States is down 7.8 percent since December 2007 after adjusting for inflation.
#7 The top 0.01% of all Americans make an average of $27,342,212. The bottom 90% make an average of $31,244.
#8 According to the Economic Policy Institute, between 1979 and 2007 income growth for the top 1 percent of all U.S. income earners was an astounding 390 percent. For the bottom 90 percent, income growth was only 5 percent over that same time period.
#9 According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.
#10 In 2010, 2.6 million more Americans descended into poverty. That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.
#11 According to the New York Times, approximately 100 million Americans are either living in poverty or in “the fretful zone just above it”.
#12 According to Heidi Shierholz, an economist with the Economic Policy Institute, about 53 percent of all income went to the middle class back in the 1970s, but today only about 46 percent of all income does.
#13 When you look at the ratio of employee compensation to GDP, it is now the lowest that is has been in about 50 years.
#14 In 1970, 65 percent of all Americans lived in “middle class neighborhoods”. By 2007, only 44 percent of all Americans lived in “middle class neighborhoods”.
#15 Back in the year 2000, 11.3% of all Americans were living in poverty. Today, 15.1% of all Americans are living in poverty.
#16 The poverty rate for children living in the United States increased to 22% in 2010.
#17 According to the U.S. Census Bureau, 6.7% of all Americans are living in “extreme poverty”, and that is the highest level that has ever been recorded before.
#18 According to the U.S. Census Bureau, the percentage of “very poor” rose in 300 out of the 360 largest metropolitan areas during 2010.
#19 Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.
#20 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.
#21 In the United States today, there are 240 million working age people. Only about 140 million of them are actually working.
#22 Back in 2001, the ratio of wages to GDP was sitting at approximately 49 percent. Today, it has fallen all the way down to about 44 percent.
#23 Half of all American workers now earn $505 or less per week.
#24 Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.
#25 In 2010, 19.7% of all U.S. working adults had jobs that would not have been enough to push a family of four over the poverty line even if they had worked full-time hours for the entire year.
#26 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.
#27 The average American household spent a staggering $4,155 on gasoline during 2011.
#28 If inflation was measured the exact same way that it was measured back in 1980, the rate of inflation in the United States would be well over 10 percent.
#29 According to a recent report produced by Pew Charitable Trusts, approximately one out of every three Americans that grew up in a middle class household has slipped down the income ladder.
#30 Total student loan debt in America has now passed the 1 trillion dollar mark, and about 270 billion dollars of those loans are at least 30 days delinquent. These debts are absolutely crushing young middle class families.
#31 Today, approximately 25 million American adults are living with their parents.
#32 According to the Census Bureau, 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.
#33 Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent.
#34 One out of every six elderly Americans now lives below the federal poverty line.
#35 The number of children living in poverty in the state of California has increased by 30 percent since 2007.
#36 According to the National Center for Children in Poverty, 36.4% of all children that live in Philadelphia are living in poverty, 40.1% of all children that live in Atlanta are living in poverty, 52.6% of all children that live in Cleveland are living in poverty and 53.6% of all children that live in Detroit are living in poverty.
#37 In November 2008, 30.8 million Americans were on food stamps. Today, more than 46 million Americans are on food stamps.
#38 Right now, one out of every four American children is on food stamps.
#39 It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.
#40 In 2010, 42 percent of all single mothers in the United States were on food stamps.
#41 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#42 Medicare spending increased by 138 percent between 1999 and 2010.
#43 One out of every six Americans is now enrolled in at least one government anti-poverty program.
#44 Federal housing assistance increased by a whopping 42 percent between 2006 and 2010.
#45 The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House.