Let's start with the state of inequality in the USA today–the concentration of wealth would make Hitler proud. The middle class is the Jews, the blue collar class is the working Poles (the ones allowed to live), and Congress is the appeaser and co-conspirator. The White House is the SS for Hitler (Goldman Sachs and Wall Street).
For the US media to be consumed with a less than $100 million budget cut at a time when the US Government is borrowing, WITHOUT JUSTIFICATION and WITHOUT CONSTITUTIONAL AUTHORITY, one third of its operating budget, over a trillion dollars a year, is grounds for the impeachment of the President, every Senator, and every Member of Congress. This is a Demo-Publican Co-Conspiracy of insane criminality.
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The fraud inherent in the government shut-down “confrontation” and the craven collaboration of the mass media, particularly the Wall Street Journal, Business Week, Bloomberg, and CNN, is breathtaking. The lunacy continues.
To the left is a simple chart of where the federal, state, and local governments get their revenue. The fact that one third of the federal revenue is DEBT is itself breathtaking, and grounds for impeaching every Senator and Representative now serving. Source Online
Below is more interesting. This is a pie-chart that shows the current (tiny) slice of revenue sources in relation to the total economy and the much, much larger “pie” that has been ignored by the US Government because the US Government at the political level is CORRUPT and so is the corporate media that refuses to do holistic accurate reporting on what is and what could be.
The last time the price of oil topped $100 a barrel for an extended period, we ended up in a global financial meltdown. Is this time any different?
Not much.
All of the excessively financial leverage and fraudelent derivative wealth we had during the last melt down is still in place. Total debt to GDP levels in the US are about the same (370% of GDP or so). No reforms were made on Wall Street. Nobody at fault for the fraud that led to the last melt down went to jail, so behaviors haven't changed.
This is classic Tainter (the excellent anthropoligist/historian). He posited that complex societies only collapse when the costs of basic inputs increase at the same time the returns on investments in complex institutions/etc. turn negative. So, with oil going up again, we are seeing basic input costs rise. It's also clear that our twin overheads Government and Global Finance are well past the point they delivered positive returns for additional complexity. Worse, they are colluding, via cronyism, to prevent any meaningful changes.
The first is “A revolution against neoliberalism” by Abu Atris, it appeared in Al Jazeera on 24 Feb. The second is “Of the 1%, by the 1%, and for the 1%” by Joseph Stiglitz. One is about the Arab Revolt in Egypt and the other is about income inequality in the United States … they raise stunningly similar — and very disturbing — themes when compared to each other. I urge readers to read each carefully and think about the likenesses and differences between them.
Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy will come to regret.
Apocalypse (Greek: Apokálypsis; “lifting of the veil”) is a term applied to the disclosure to certain privileged persons of something hidden from the majority of humankind. Today the term is often used to refer to the end of the world, which may be a shortening of the phrase apokalupsis eschaton, which literally means “revelation at the end of the æon, or age.[1]”
The unraveling of the US and global financial system should not be a surprise to anyone who has been paying attention, doubted the news headlines over the past decade, or plunged into an odyssey of self- and world-discovery by reading books, studying history, or seeking the truth behind the cultural myths that cocoon Americans into the notion that they live in the world’s beacon of democracy and freedom. The most surprising factor is that people who have created the crisis think that they can continue the scam by stealing another $850,000,000,000 overtly through the bailout, and even larger amounts covertly, to keep the game going for the world’s wealthiest people at the expense of everyone else.
In the past, Egypt, Babylon, Persia, and Rome fell when a small percentage of the population controlled nearly all of the wealth. [2] Today, the rich have never been richer nor the poor poorer. The concentration of wealth has been achieved by conquest, as well as by one of the most powerful tools of empire: money.
John, a few yrs back you were posting doubts about the official explanations (both Norad and Nist have changed their stories) of 9/11, but not in a long time. I can imagine many reasons to abandon the discussion, like not upsetting some of your readers, but I just wanted to point out that back then the debate was dominated by speculation, but that in recent years the Truth movement has been professionalized by such orgs as Architects and Engineers for 9/11 Truth (some 1500 members risking their careers), Pilots for 9/11 Truth, Firefighters for 9/11 Truth, Scholars for 9/11 Truth, etc., as well as peer-reviewed scientific articles. I'd be interested in your thoughts on the subject nowadays.
• The “entitlement programs” have an unfunded liability of greater than $104 trillion. Your share is $367,000. (Every man, woman and child owes the same.)
• At the end of 2009, $3.2 trillion of the $12.9 trillion National Debt was spent, but never on the government's general budget. Where did 3.2 Trillion dollars go?
• In 2010, the federal government is borrowing 52 cents of every dollar that it spends on general operations. Just to balance the budget, spending will have to be cut by 52%.
• Over the next four years, the federal government needs to borrow at least $3.9 trillion and the world is basically running out of money for us.
Washington, meanwhile, doesn't want to sound the economic alarm. The White House and most Democrats want Americans to believe the economy is on an upswing.
Republicans, for their part, worry that if they tell it like it is Americans will want government to do more rather than less. They'd rather not talk about jobs and wages, and put the focus instead on deficit reduction (or spread the lie that by reducing the deficit we'll get more jobs and higher wages).
I believe the Bowles Simpson recommendations represent, to too large an extent, a set of unprincipled political compromises that would lead to a weaker America — with slower growth and a more divided society.
We now have an economy in which five banks control over 50 percent of the entire banking industry, four or five corporations own most of the mainstream media, and the top one percent of families hold a greater share of the nation’s wealth than any time since 1930. This sort of concentration of wealth and power is a classic setup for the failure of a democratic republic and the stifling of organic economic growth.
The government has nearly convinced the public they have everything under control, when that’s far from the case. In fact, everything could go downhill fast. Here are ten all-too-likely scenarios I look at in my book, It Takes a Pillage:
1. The actual bailout has quietly ballooned to $16 trillion dollars (not including over $3 trillion set aside for money market funds), most of it given out with no strings attached. Wall Street firms could continue to tout the myth that ‘talent’ must be paid for – now with stupid sums of bonus money, funded by the American People.
2. The stock market, which has rallied substantially since the government started giving out free money to the banking industry, could tank on the realization that if that money needed to be paid back any time soon, the banks wouldn’t be good for it.
3. Because bigger is better still seems to be Fed policy, JPM Chase could acquire Bank of America – Merrill Lynch, creating one of the largest, federally subsidized banking firms in the world.
4. Because the bigger just can’t help getting badder, JPM Chase could also acquire Citigroup, and we’d be living with a monopoly economy.
5. We could sink into the delusion that the Obama administration has actually done something to restrain Wall Street, lulling us into a false sense of security. Then the remaining big banks will screw us again.
6. Congress could continue to ignore history and never reinstate the Glass-Steagall Act. That act made banks smaller, more specialized, easier to regulate and less expensive to bail out. Repealing it lead to this mess, and there’s barely a whisper heard in Washington of bringing it back.
7. As a Fed approved bank holding company, Goldman Sachs could buy a lot of small banks just to get access to all the money in savings and checking accounts to gamble with. Plus they’d have that great $250,000 FDIC guarantee they get per account. This would make them the biggest bank in the country.
8. Every bank and government agency with access to some aspect of a federal bailout could max out their subsidies chips at once – pushing the full bailout cost to over $26 trillion.
9. Many mid-sized and smaller banks didn’t need a bailout and have been better at allowing consumers access to credit. The largest banks, flush with federal funding and a poor record of helping average Americans, could buy them all up.
10. The Fed could continue to operate in secrecy, despite multiple moves by Congress to push for a full audit of its largesse. Right now, only the Fed knows what the real worst case scenarios might actually be.
This how the influencers are influenced to justify to the “prol's that rule of law properly means nothing. All in place before Obama sent in Special ops and claimed that there were no boots on the ground.
It is not just Libya that now risks long-term division. Telltale signs of fragmentation in the international community’s approach are opening up. Not for the first time Muammer Gaddafi may be on the verge of securing a public relations coup against his western opponents. Now we must declare humanitarian victory, and regroup.
Tuesday’s London conference was a confused affair. The Germans and the Italians touted a ceasefire and exile for Colonel Gaddafi. Others, notably Saudi Arabia and the African Union, stayed away. The US and the UK, meanwhile, insisted the military job was not done, with David Cameron, the UK prime minister, noting on Wednesday that UN Security Council resolution 1973 might give the allies a legal basis to arm the Libyan opposition.
Forget U.N. resolutions! After decades of Gaddafi's deadly attacks and his support for terrorist groups across the world, America has every right to seek revenge, says Andrew Roberts.
In all the discussion of where, if anywhere, American strategic interests lie in regard to Libya, one very obvious motivation for U.S. action seems to be being ignored: Vengeance. Yet the certain knowledge that the West will eventually take revenge for terrorist crimes committed even as long ago as the 1970s and 1980s is itself a vital strategic interest. Rogue states must always know that there is no such thing as a statute of limitations on murder, and that even after four decades, the slate has not been wiped clean.
