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

Status: Not Logged In; Sign In

If Trump Cared About Israel, He would Stop the Genocide

Why do you think Henry Ford was such a hardcore Antisemite?

In Case you miss Bad Journalism

Bobby K Jr was Exiled For Saying This:

Quantum Meets AI: Morgan Stanley Maps Out Next Tech Frontier

670,000+ Swept Away as Dams Burst in Canton China, Triggering Deadly Flood!

Senate Version Of Trump Tax Bill Adds $3.3 Trillion To Deficit, $500BN More Than The House; Debt Ceiling Raised By $5 Trillion

Iran Disables GPS, Joins China’s Beidou — The End of U.S. Satellite Dominance?

Ukraine's Withdrawal From Anti-Personnel Landmine Treaty Could Haunt Generations

71 killed in Israeli attack on Iran's Evin Prison

Practice Small, Daily Acts Of Sabotage Against The Imperial Machine

"EVERYONE'S BEEN SHOT UP HERE": Arsonists Set Wildfire In Northern Idaho, Open Fire On Firefighters, Police In Ambush

Trump has Putin trapped, and the Kremlin knows it

Kamala's comeback bid sparks Democrat donor meltdown amid fears she'll sink party in California

Russia's New Grom-A1 100 KM Range Guided Bomb- 600 Kilo

UKRAINIAN CONSULATE IN ITALY CAUGHT TRAFFICKING WEAPONS, ORGANS & CHILDREN WITH THE MAFIA

Andrew Cuomo to stay on ballot for NYC mayor in November general election

The life of the half-immortal who advised CCP (End of CCP in 2026?)

Millions Flee China’s Top Cities

Violence begets violence: IDF troops beaten, choked, rammed by Jewish settlers in West Bank

Netanyahu Says It's Antisemitic For Israeli Soldiers To Describe Their Own Atrocities

China's Economy Spirals With No End In Sight, Says Kyle Bass

American Bread Cannot Be Sold in Most Countries

Woman Spent Her Life To Prove 796 Babies were buried under Catholic Home

Japan Got Rich Without Getting Fat

US Spent $495.3 million to fire 39 THAAD Missiles

Private Mail Back Online

Senior Israeli officials tell Israeli media that they intend to attack Iran after ceasefire.

Palestinian Woman Nails Israeli

Tucker Carlson: Marjorie Taylor Greene:


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: 80

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]