Interest Prohibition

[ghulam muhammed]

Wealth And Inequality In America: The Rich are getting Richer and the Poor are getting Poorer

by Gus Lubin

The rich are getting richer and the poor are getting poorer.

Cliché, sure, but it's also more true than at any time since the Gilded Age.

The poor are getting poorer, wages are falling behind inflation, and social mobility is at an all-time low.

Here's 15 Mind-Blowing Charts About Wealth And Inequality In America :-

a) The gap between 1% and everyone else hasn't been this bad since the roaring Twenties

b) Half of America has only 2.5% of the wealth

c) Half of America has only 0.5% of the stocks and bonds

d) The last two decades were great... except for American workers

e) Real average earnings have not increased in 50 years

f) But savings rates are sinking

g) Poor Americans have a SLIM CHANCE of rising to the upper middle class

h) Republican tax cuts have significantly increased the gap

i) Taxes get better and better for the rich

j) America spreads the wealth FAR LESS than other developed countries

k) America's income spread is nearly twice the OECD average

l) Inequality is worst around Wall Street and Oil Land

m) If you aren't in the top 1%, then you're getting a bum deal

http://globalresearch.ca/index.php?context=va&aid=19060

[ghulam muhammed]

THE GREAT AMERICAN BUBBLE MACHINE

From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who's Who of Goldman Sachs graduates.

But then, any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain - an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.

They achieve this using the same playbook over and over again. The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They've been pulling this same stunt over and over since the 1920s - and now they're preparing to do it again, creating what may be the biggest and most audacious bubble yet.

If you want to understand how we got into this financial crisis, you have to first understand where all the money went - and in order to understand that, you need to understand what Goldman has already gotten away with. It is a history exactly five bubbles long - including last year's strange and seemingly inexplicable spike in the price of oil. There were a lot of losers in each of those bubbles, and in the bailout that followed. But Goldman wasn't one of them.

Cap-and-trade is going to happen. Or, if it doesn't, something like it will. The moral is the same as for all the other bubbles that Goldman helped create, from 1929 to 2009. In almost every case, the very same bank that behaved recklessly for years, weighing down the system with toxic loans and predatory debt, and accomplishing nothing but massive bonuses for a few bosses, has been rewarded with mountains of virtually free money and government guarantees - while the actual victims in this mess, ordinary taxpayers, are the ones paying for it.

It's not always easy to accept the reality of what we now routinely allow these people to get away with; there's a kind of collective denial that kicks in when a country goes through what America has gone through lately, when a people lose as much prestige and status as we have in the past few years. You can't really register the fact that you're no longer a citizen of a thriving first-world democracy, that you're no longer above getting robbed in broad daylight, because like an amputee, you can still sort of feel things that are no longer there.

But this is it. This is the world we live in now. And in this world, some of us have to play by the rules, while others get a note from the principal excusing them from homework till the end of time, plus 10 billion free dollars in a paper bag to buy lunch. It's a gangster state, running on gangster economics, and even prices can't be trusted anymore; there are hidden taxes in every buck you pay. And maybe we can't stop it, but we should at least know where it's all going

http://sites.google.com/site/disclosuredelta/

[ghulam muhammed]

Bro Porus and Bro Fatwa Banker,

Please go thru the link below, its interesting and provides a good insight:-

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
http://theeconomiccollapseblog.com/arch ... ional-debt

Megabanks: The Banking Oligarchy That Controls Assets Equivalent To 60 Percent Of America’s GNP
http://theeconomiccollapseblog.com/arch ... ericas-gnp

http://theeconomiccollapseblog.com/arch ... al-reserve

[porus]

GM,

Thanks for those links.

The blogger is saying much the same about the Fed that I tried to say here, but in a better fashion.

[ghulam muhammed]

The U.S. Economic Collapse Top 20 Countdown

So just how bad is the U.S. economy? Well, the truth is that sometimes it is hard to put into words. We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world's greatest manufacturing base, we have shipped millions of good jobs overseas and we have piled up the biggest mountain of debt in the history of mankind. We have taken the greatest free enterprise economy that was ever created and have turned it into a gigantic house of cards delicately balanced on a never-ending spiral of paper money and debt. For decades, all of this paper money and debt has enabled us to enjoy the greatest party in the history of the world, but now the bills are coming due and the party is nearly over.

http://theeconomiccollapseblog.com/arch ... -countdown

[ghulam muhammed]

GIANT A towering figure casts his shadow over the gravesite of our once great Republic. In his hand is the murder weapon he used to seal his victim’s fate: ‘The Federal Reserve Act of 1913.’ At his feet are the tiny, crawling vestiges of life that scramble aimlessly about the burial heap, eking out a meager existence upon the remains of what was once a vibrant and robust living organism. He looks about the graveyard. His victims are everywhere. Their headstones are engraved with the names of the fallen: England, France, Spain and Germany—all of them dead. He killed every last one.

http://republicbroadcasting.org/?p=8821