[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

List Of 18 Things That Are Going To Happen Within The Next 40 Days

Pentagon Taps 600 Military Lawyers To Serve As Temporary Immigration Judges For DOJ

81 Actors Who Have Passed Away So Far in 2025

High school is different now

Banks REMOVING CASH and nearing major DISASTER. Prof St Onge.

Did America Pick the Wrong Side in WWII?

Chicago in CHAOS – Mayor Tells Police to Stand Down as Trump Says ENOUGH Murder

Graham Linehan ARRESTED in UK for gender critical tweets - UK COLLAPSE IS IMMINENT

Cash Jordan: 400,000 Illegals ‘Forcibly Returned’ To Mexico… as NYC COLLAPSES

The ChatGPT CEO's Web Of Lies by Vanessa Wingardh

The Fall of the Israel Lobby Has Begun — And This Is Just the Start | Denzel Washington speech

'Statistically Almost Impossible' – 4 AfD Candidates Have Died 'Suddenly And Unexpectedly' Before Key State Election

Israel And The West Set The Stage For Next Round Of Warfare On Iran

Last night in Milan, an 18-year-old girl was beaten and raped while trying to catch a train home

Russia has developed a truly modern system of warfare.

Alberta's Independence and Finances

Daniela Cambone: 100% Loan Losses Loom as Fed Shrinks Balance Sheet-

Tucker Carlson

Cash Jordan: ICE HALTS 'Invasion Convoy'... ESCORTS 'Armada' of Illegals BACK to MEXICO

Cash Jordan: “We’re Coming In"... Migrant Mob ENTERS ICE HQ, Get ERASED By 'Deportation Unit'

Opioids More Likely To Kill Than Car Crashes Or Suicide

The association between COVID-19 “vaccines” and cognitive decline

Democrats Sink to Near Zero in New Gallup Poll, Theyre Just Not Satisfied

She Couldn't Read Her Own Diploma: Why Public Schools Pass Students but Fail Society

Peter Schiff: Gold To $6,000 Next Year, Dollar Index To 70

Russia Just Admitted Exactly What Everyone – But Trump – Already Knew About Putin's Ukraine Plans

Sex Offenses in London by Nationality

Greater Israel Collapses: Iran the Next Target

Before Jeffrey Epstein: The FINDERS

Cyprus: The Israeli Flood Has Become A Deluge


Business/Finance
See other Business/Finance Articles

Title: Capitalism in America: How a Dismal Decimal is Robbing Americans Blind
Source: [None]
URL Source: http://thesaker.is/capitalism-in-am ... al-is-robbing-americans-blind/
Published: Jan 16, 2020
Author: Jon Hellevig
Post Date: 2020-01-16 11:15:01 by Ada
Keywords: None
Views: 86

There is no hiding anymore, the United States has become an oligarch owned banana republic with nukes, and with a monopoly currency which has allowed it to rig the markets for half a century. But now we are only a couple of hours from curtain – Midnight in America.

With the stock market at all-time highs, virtually no unemployment (or so they say), and brisk GDP growth (supposedly) in the last decade, economic analysts would declare that the US economy is in excellent shape. But, it isn’t. The stock market is a central bank inflated asset bubble, and what GDP growth there has been, is an illusion brought about by the very same financial bubble and by pumping the economy up with record federal borrowings to finance the deficits that America cannot afford. Rigged statistics showing artificially low inflation serve to hold together the Trumped-up American economic narrative. (About the rigged inflation statistics, see this report https://www.awaragroup.com/blog/the-inflation-measurement-scam/?fbclid=IwAR0qmpe4i0sp5Uce9UlyEDt0_NkIv-aiDTSgvzHh5EMfZn5WQboZz_mB-XU). And the low unemployment figure is nothing but a chimera based on misleading statistics.

In reality, the US economy is failing – and the country with it. At least two-thirds of the population has seen dramatic declines in living standards and half are back to levels of developing nations – without the development.

The big story covered up by all the happy macroeconomic figures repeated by rote by the US establishment – everybody from the president to cable television pundits and Trump fanboys – is the gradual impoverishment of the American worker. That’s an inconvenient truth increasingly difficult to hide as the American dream has turned into a nightmare for huge swathes of the population. As the figures we present below show, the rich are really getting richer, the middle class has been decimated, and half of Americans are poor and destitute of any financial wealth. The super-rich are gobbling up an ever-increasing slice of the American pie at the cost of all the rest who get nothing but table scraps on one side and leftover crumbs on the other, if anything. The resulting stratification of society has brought back a medieval servant economy, where the have-nots are doing odd jobs, cleaning houses, fetching groceries, running errands and deliveries for the feudal rich and the remaining shrinking middle class.

Thanks to the Fed (the American oligarch owned central bank) pushing easy money into the hands of the privileged elite, the super-rich Dismal Decimal – the top 0.1% – have by now amassed as much wealth as they had just before the Great Depression that started with the stock market crash in 1929. A lesson not learned. Back to square one. How will it end this time?

This article is based on an Awara Accounting https://www.awaragroup.com/ study titled “Widening Income and Wealth Gap and Stagnating Wages in America.” https://www.awaragroup.com/blog/widening-income-and-wealth-gap-and-stagnating-wages-in-america/ Links and source references to all the facts presented here can be found in said study.

BTW all the data in this report is derived from official US government sources and American experts analyzing them.

During the last decades, the financial rewards from the rigged markets first flew exclusively into the pockets of Top 10%, but later it was increasingly Top 1%, which pocketed most, perfectly illustrated by below charts.

1. The income of Top 1% has grown five times as fast as that of Bottom 90% income since 1970, who now earn double the amount of income than 160 million poor of the lower 50% stratum.

Click for Full Text!

Post Comment   Private Reply   Ignore Thread  



[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]