Editor’s Note: The following report includes adapted excerpts from David DeGraw’s book, “The Road Through 2012: Revolution or World War III.”
Release Date: 9.28.11
Analysis of Financial Terrorism in America
By David DeGraw, AmpedStatus Report
The following report is a statistical analysis of the systemic economic attacks against the American people.
Currently, at least 62 million Americans, 20% of US households, have zero or negative net worth.
Recently, the National Academy of Science released their latest findings, backing up my claim by revealing that 52,765,000 Americans, 17.3% of the population, lived in poverty in 2009.
…counting the total number people in need of employment, you get a current unemployment rate of 22.5%, which is an all-time record total of 34 million people currently in need of work.
From 2009 to the fourth-quarter of 2010, 88% of income growth went to corporate profits (i.e. CEOs), while just 1% went to workers.
Most of the serious economic damage the US is struggling with today was done by the top 0.1% and they benefited greatly from it…. For example, in Q1 of 2011, America’s top corporations reported 31% profit growth and a 31% reduction in taxes, the latter due to profit outsourcing to low tax rate countries.
As mentioned before, from 1990 – 2010 costs of living have increased 67%, while wages have stagnated and declined. As the national debt has reached a record $14.6 trillion, total personal debt is now over $16 trillion.
Given these conditions, it is not surprising that over 250 million Americans, another record-breaking number, are currently living paycheck-to-paycheck struggling to make ends meet.
The fact of the matter is that the overwhelming majority of US population is unaware of the vast wealth at hand. An entire generation of unprecedented wealth creation has been concealed from 99% of the population for over 35 years.
Very few Americans would argue the fact that corporations now control our government and have the dominant role in our society. Through a system of legalized bribery – campaign finance, lobbying and the revolving door between Washington and corporations – the most power global corporations dominant the legislative and political process like never before.
They have gone as far as setting up a system that imprisons the poor and then puts them to work, instead of paying living wages to non-imprisoned workers.
Before laws began to be rewritten in 1980, with direct input from ALEC, we had a prison population of 500,000 citizens. After laws were rewritten to target poor inner city citizens with much more severe penalties, the US prison population skyrocketed to 2.4 million people.
Compare the million people who die annually as a result of these economic attacks, to the 2,977 that died on 9/11. As someone who lived three blocks from the World Trade Center, as tragic as 9/11 was, these economic attacks are much more severe and damaging to us as a nation, albeit a much slower and unseen death toll. Nonetheless, the result is of genocidal proportions.
The Economic Elite are overreaching and their empire is collapsing. The decentralized global rebellion has begun… Welcome to World War III.
Part One :: The Economic Devastation
Part Two :: The Economic Elite
Part Three :: The Perfect Storm Overhead
(Inequality = Debt = Austerity = Civil Unrest = Inflation + Deflation = Stagflation)
Part Four :: Fascism in America
Word from the Watchtower: A Hard Rain is Going to Fall — Introduction to “The Road Through 2012: Revolution or World War III”
One leading indicator for unrest is youth unemployment. The percentage of young Americans who are not in the workforce, eligible workers up to the age of 24, is now at a record high of 51%.