Monday, December 14, 2009
The End of The Middle Class
(snippet)
The corporatocracy seems to be doing well in this climate even though the middle class American lifestyle is being dismantled piece by painful piece. Not only is this happening but Americans now have a new line item and that is to fund the bail outs. This is happening through more clandestine channels like destroying the value of the U.S. dollar by printing inordinate amounts of money so banks can keep on giving record bonuses. The financial sector is a blood sucking vampire that is draining the real economy of its life. Why do we even need it at the current size? All mortgages are now backed by the U.S. government through the GSEs or FHA insured loans. Credit card debt and access is shrinking. Banks have curtailed lending to small business. What is the financial sector doing to justify their current profits? Pure and simply speculation on the taxpayer dime. This isn’t capitalism as Adam Smith envisioned. This is a system called a corporatocracy where the main goal is protecting the too big to fail and allowing everyone else to fail.
The average American has every right to be furious at what is occurring. The next generation might have it worse than the last. Not since the Great Depression has this occurred. Some might say that this was destined to happen.
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Its NOT the publics fault, its the media and Government instructing people what and how to do it. This has been ingrained in North Americans head's for years. Nothing to do with being selfish or stupid. Misinformed perhaps.
ReplyDelete@10:45 "it needed this crisis for them to understand" unfortunately only a few of them understood. All the Americans care for is for themselves, TV series, Opera and the Private life of Tiger Woods. Do they care about the unemployed, people living in tents or children suffering of hunger in their own country??? NO
ReplyDeleteThey can all go to HELL
The OPERA? You must be thinking about Europe. But yes, most only care about watching TV and other diversions. Does it make them any less human? No, only more numb. It's called indoctrination. They were all led to believe in the American Dream, and became brainwashed the media and television they were glued to. Unfortunately, the rest of the world is not much smarter. But just wait until all the more recent TV shows get there...
ReplyDeleteI think that one of the root causes of the peoples apathy here in the U.S. is that most people have a herd mentality. They try hard to just blend in and don't want to stand out. No original thinking at all, in fact its mostly discouraged from an early age by society here. This line of thinking keeps people in line and they do what the other idiot does like max out their credit cards buying crap, buying a house they can't afford to compete with their friends and neighbors, and nearly everybody has a $30k-$50k financed SUV! Uncontrollable materialism! I read an interesting statistic that explains it all; only 1% of Americans own their homes mortgage free! And only 2% of Americans own their cars finance free! If these two examples fit you then you probably deserve what your going to get in the U.S.!
ReplyDeleteLet the desruction of the class divisions begin
ReplyDeleteAll of the above is true, the one real problem here for humanity though is: AmeriKa still has several thousand active nuclear weapons. And when our TV lobotomized lardass population loses the ability to sit on the couch and eat CheezDoodles and watch TV 5+ hours a day? We will find an excuse to throw a temper tantrum with those nukes.
ReplyDeleteOur nation really is that selfish and stupid now.
Here is a helpful article to understand WHY Americans have lost the will to fight back:
ReplyDeletehttp://www.alternet.org/politics/144529/are_americans_a_broken_people_why_we%27ve_stopped_fighting_back_against_the_forces_of_oppression
Title: Are Americans a Broken People? Why We've Stopped Fighting Back Against the Forces of Oppression
While I don't disagree with most of these assesments of America, we are the last country on Earth to arrive at this terrible destination. You're going to tell me that the Europeans have any will to fight oppression? lol, right. The only thing America has going for it right now is a WELL ARMED population. I still have hope that Americans will wake up and fight back when backed into a corner. If not, were toast.
ReplyDeleteSome of these comments are funny. Let us look at history for a moment, Asians fighting for thousands of years among themselves. Same with the Middle East. Europe starts two world wars. Every country on the planet with their hand out for a free USA buck via foreign aid.
ReplyDeleteLast time I looked it was the central bankers globally who were the modern money changers in the temple not the USA middle class. Wall Street with enough greed to last a eternity. And lastly politicians screwing everyone!
Yes, it is the average Joe's fault all right, you guys got it all figured out.............
Be thankful you are not a teen. Their future is a picture of doom.
ReplyDeleteIt appear certain parties have a real hard on for Americans.Its not the average American thats stupid etc.These are individuals regardless of IQ that have been effectively brainwashed and propagandized to the hilt by the insidious ruling elite.For the average American,s view of the world comes from the likes of the mainstream media news outlets and manipulated by the leading comericial interests of the society what do you expect will be the end product.Ive got a B.A degree in Poli sci Im 50 and up until a year ago recieved all my news and socialization from the mainstream.I year ago I inherited some money at the same time the shtf in Canada and usa.I decided to look beyond the mainstream to see the best means of protecting myself financial.This foray open up a new unexplored world of the alter mainstream.
ReplyDeleteMy eyes have been opened I know see reality for what it is .a ruling elite manipulating an uninformed majority for thier sole gain at the expense of the Majority.Knowledge is power thats all im say.Just because your American does not mean your a moron who deserves what they get.Our leaders have been very clever but the charade is slowly coming to a close and all shits going to break lose.Sure there will always be a hardcore bunch of American morons but the mainstreams eyes are slowly being opened.Obamas and congress's Masters are losing there grip.Soon they will pay the ultimate price for they greed and deception.A second American Revolution will evolve and will provide the basis for real change and egalitarianism in NOrth American Society..One last comment BUy every ounce of Gold and Silver you can NOw!!!Dont wait.Preferably Silver its got better legs.The bastards that are running this show are determined to print as much money as they can to prolong as long as possible the final apocalypse.
It's funny. Just a few moments ago I logged into facebook. It's pathetically saddening to see what some of the "friends" who post there are chatting about or interested in while Rome burns. It's all just absolute rubbish. I "hide" those miscreants from my page view so I don't even have to read their garbage.
ReplyDeleteI see a population in denial. I think most people by now should or do know what is going on to some extent, they just choose to not see it. It's going to take getting laid off or losing more hours at work for them to ultimately become more concerned. As long as the majority can still buy their Vuitton bags and watch ESPN on a multitude of tv channels, nothing will change. It's got to get to the point that the luxury-loving fools living beyond their means, and the miscreants getting excited about a ball being tossed about are hurt on a personal level, economically that is. Until then, THEY WON'T WAKE UP; yet, they are largely responsible for what is happening right now because they're not doing anything.
you forgot buy Silver and Gold or youll be in the loser camp when the shtf and believe me its coming within the next yr or two.As Nero fiddled Rome burned..jes talk about deja vu
ReplyDelete3:54 Not everyone has the means to buy silver. I have a useless degree and lots of work experience, but having been laid off, I don't have money. All I can do is wait and see what happens. Some of us just cannot afford anything except the basics like food and water and things like that. Also, a family member blew my father's money on gambling so I don't even have an inheritance left with which to buy anything; my dad collected gold but that family member also blew all his gold on gambling, so now our family has nothing left.
ReplyDeleteFrom very reliable sources (high level law enforcement, military leaders, etc): this country is going down next month . Killer viruses, tainted water supplies, terrorist attacks, and high profile patriot leaders rounded up for Q who their connections are in the resistance/militia groups. Gun owners are targeted for execution; Hell fire missiles will be used at planned targets/residences. Once this is set in motion, the elitists have a winning formula for success...there is not enough patriots now to matter; most are too busy bickering/fighting among themselves.
ReplyDelete338 what is funny is that you signed up to that government website, facebooks hub is in langley virginia, you do the math.
ReplyDelete4.12 got any credit line left if so max them out buy silver.The cards are most likely non collaterlized.Screw the banks .Credit ratings are not going to mean a hell of a lot a year or two down the road when the majority are non credit worthy anyway.I know its not ethical but have the banks been to you.They deserve whatever grief they have coming to them those rotten M*****F********
ReplyDeleteAs you know, in the material scientific world, you do not, unlike the bankers, put in two units and get back three, but only two, as you originally had put in to the system because nature is always attempting to and succeding at balancing itself, unlike homo sapiens who are endlessly and always stultifying equiponderance for the lie called profit(Phew! How's that for a run-on sentence!). Of course, cold fusion is another dream and one that may turn out true only because one foot is in Newtonian realities and the other is in the Quant of summation. Good luck folks on that one to but that's about all you will have: the aleatory favor of unknown Gods. Get wise and prepare for yourselves your mathematically certain economic demise. Pray, forgive yourselves and learn to live with much, much less than you have supposed yourselves to have reaped. The numbers have never added up correctly where the bankers are concerned, but only with yourselves and what you always knew was true but were too eager to forego for the sake of vainglorious, unsubstantiable lies about your actual cosmic worth. Pain lays not its touch on a corpse, which shall all too soon be your new reality thanks to Wall Street. Ta, ta.
ReplyDelete9.42 thats a little esoteric.Dont know if the NfL or American Idol crowd will have any idea what the heck your talking about.Alway best to speak in plain English so everyone understands.Unless your intent to apply the old mantra Bullshit baffles brains.
ReplyDeleteAnyone ever take a Sociology class; Here are a few facts from the chapter on social stratification; 1% of americans own 1/3 of all Americas assets. A mere 1/2 of 1% of Americans owns over a quater of the entire nation's wealth.
ReplyDeleteThis tiny 1% is worth more than the entire bottom 90% of the country.
To quote the cartoon character Droopy "YOU KNOW WHAT? THAT MAKES ME MAD"