Mike Krieger nails it. The middle class gets screwed from above and below. They get angrier by the day. This country will erupt in violence and bloodshed before this is over. The oligarchs better have their Lear Jets fueled and ready to take off when the economic system eventually implodes. Those 250 million guns in the hands of Americans are going to be put to use.
Via Michael Krieger of Liberty Blitzkrieg blog,
The price of anything is the amount of life you exchange for it.
- Henry David Thoreau
Society is like a stew. If you don’t stir it up every once in a while then a layer of scum floats to the top.
- Edward Abbey
When the rich wage war, it’s the poor who die.
- Jean-Paul Sartre
The Stock Market: Food Stamps for the 1%
For most of the past four or five years, I have spent the majority of my time studying the dominant forces that fuel the power structure that exists in these Unites States today, and indeed throughout the world. My education began quite suddenly and unexpectedly in the middle of the last decade when I started understanding fiat money, Central Banking and the global monetary system. Since then, I have expanded my understanding to mainstream media brainwashing, the military-industrial complex, the role of the political oligarchs in Washington D.C., the corruption of the food industry under the complicity of the FDA itself and much more. The more I peered under the curtain, no matter what the industry, the clearer it became that the system had no chance of survival under its current form. What’s worse, it became obvious that the very small 0.01% of the population that I call oligarchs (financial and political), who are actively gaming the system for their own pleasure, are well aware of the system’s terminal nature. That’s why they are rapidly putting in place the police state grid.
That said, this article is not about the implementation of the surveillance state. I cover that pretty much daily these days. This post is more of a philosophical stream of consciousness; a guilty pleasure that I have not engaged in as of late.
I have mentioned many times in the past that food stamps are just a payoff to the poor. While I think a permanent and expanding welfare state is completely and utterly destructive to an economy and culture, I do not demonize these folks. The vast majority of them would like to work and be productive. They are victims and this is being done to them quite intentionally. It creates dependency. It keeps them off the streets. It’s an unspoken bribe plain and simple. The oligarchs do not want angry, roving, hungry masses on the streets while they strip mine what’s left of the economy. Food stamps, disability and all sorts of other freebies take care of this segment of the population as the oligarchs continue on with their crimes and prepare for the day of reckoning (hence the surveillance grid).
However, the oligarchs have another problem to deal with. This problem is the huge group of people that resides in between them and the poor. Ideally, they would like to shove all of them into the poverty category and keep them barely alive and on dole of the government. That way, the politically connected large corporations that do not pay taxes and receive bailouts can continue to pay them peasant wages while the government takes care of the rest. It’s a win-win. The situation I just described is exactly what is happening as we speak and has been occurring at an ever frequent pace since the coup of 2008. This is exactly why people are buying guns, gold and are extremely negative on the economy and the future of the United States. I recently discussed this in my post Gallup Poll: Americans Most Negative on the Nation and Economy in 30 Years. If you read the Gallup data in detail you will see that this level of negative readings only occur during very bad economic times. The average person can feel themselves getting poorer despite the nonsense spewed by the mainstream media. Their standards of living don’t lie and no amount of false statistics can change that. As John Adams famously said: Facts are stubborn things.
Stubborn indeed; and this is where the stock market comes into play. Banana Ben Bernanke has not made it a secret that he is directly targeting a higher stock market with his purchasing power destroying money printing. He has made that clear from pretty much the beginning. The idea is that a higher market will improve the balance sheets of pensions, individual retirement accounts and also create a psychological impact that will make people feel confident and thus boost the economy. It is the last point that is of course most important. If the latter does not happen then the boost in stock prices is merely an unsustainable bubble that will burst and all the “good” that was done to balance sheets will be undone with a vengeance at some point in the future. The latter did not happen.
As much as people like to talk about the 1% versus the 99%, the real winners since 2008 have been the oligarchs. The 0.01% have benefited much more than any other class in terms of both money and power. It’s the 0.01% versus everyone else and the quicker we recognize that, stop fighting amongst ourselves, and push them aside the better it will be for our species.
As I have repeatedly stated, the oligarchs are using the current period in between financial panics to put in place the surveillance grid they plan to use on the population once the SHTF. It is of extreme importance that the masses stay apathetic and obedient in the process. Hence food stamps for the poor and the stock market for the 1%.
I grew up around the 1%. It’s my socioeconomic class. I know the 1% intimately. There’s nothing special about the 1%. Most of them are very average and very lucky. Of course there are many, many exceptions but there are exception in all classes. Sure they are slightly more educated than the rest of the population, but on average are not any more intellectually curious than the 99% and are just as easily manipulated by propaganda and more importantly money.
More than any other group, the 1% has been convinced that the stock market represents some sort of leading indicator of wealth and prosperity. Nothing could be further from the truth. Sure, the stock market can function as such an indicator. It is such an indicator when the rising stock market reflects a dynamic, capitalist economy where new industries and companies are rising to the top and improving standards of living for the populace. It represents the opposite indicator when it merely reflects the ownership interests of the oligarchs in a crony-capitalist, fascist economy that is picking away at the dying carcass of what little economic freedom still remains. This is what a rising stock market actually represents today. When people look at it they should understand it is merely a measure of the oligarchs getting wealthier and more powerful and you becoming more of a debt slave. It represents their interests in multinational corporations with record profit margins because they refuse to pay their employees a living wage. A rising stock market today is actually a leading indicator of the destruction of the middle class, cultural destitution and a society in collapse.
The stock market is like slop in a pigpen. It is a key instrument used to keep the 1% from getting antsy. Unlike the middle class (a group that isn’t falling for any of the tricks), many of the 1% work on Wall Street or related industries and own stocks. Many of the people in the 1% are at least wealthy and connected enough to still cause serious problems for the oligarchs. They must be kept quiet as the coup that started in 2008 is brought to fruition. Then they will be left high and dry like everyone else. This is the role that the stock market is playing at the moment.
So as the 1% sits around analyzing a casino, the poor collect food stamps and the middle class dies. Many in the 1% look upon the poor on food stamps with disdain, yet little do they realize they are on food stamps as well. It’s called the stock market.
GreasedUpWillie says:
“So as the 1% sits around analyzing a casino, the poor collect food stamps and the middle class dies. Many in the 1% look upon the poor on food stamps with disdain, yet little do they realize they are on food stamps as well. It’s called the stock market.”
Nicely said. For all the railing about the “Free Shit Army” on TBP, I just can’t see it as a high priority problem. Yes there is a percentage of the population that is useless and looking for a handout. However I think the record numbers of people on Food Stamps, and the utter destruction of the middle class are not independent of one another. We have allowed nearly every decent middle class job to be shipped anywhere but here, and replaced their incomes with debt. You want to fix things: End the Fed, end corporate welfare, close overseas bases and end “foreign entanglements”, end the private financing of campaigns and the corporate ownership of government it creates, only allow international trade in gold, and silver no more “globalization” currency games to gut the middle class.
We get all this taken care of, and the FSA will be next on my list. Until then, they are an annoying distraction from the real FSA: corporate america.
Well-loved. Like or Dislike:
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1st February 2013 at 11:15 am
Matt says:
Nice to see a level headed comment on here.The lack of economic opportunity is the cause for a fsa.
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1st February 2013 at 3:18 pm
Administrator says:
Lazy, ignorant, good for nothing motherfuckers is the cause for a fsa
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1st February 2013 at 3:56 pm
GreasedUpWillie says:
And to Admin’s point, yes the lazy, ignorant are out there, and have been “takers” during good times and bad, and will continue to be as long as we allow them. And I will not defend that behavior. But that is small potatoes in comparison to the other problems outlined in my previous comment. And the FSA is often used to distract people from those bigger problems, and the bigger “takers” out there.
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1st February 2013 at 4:44 pm
Thinker says:
Read it and weep: CNBC: And We’re Back! Dow 14,000 Fuels a New Wealth Boom
The next American wealth boom has officially begun.
It may not feel like it for many Americans. But with the Dow breaching 14,000, shareholders and investors have recovered the more than $8 trillion in wealth lost during the recession and attained levels of paper wealth they haven’t seen since the Roaring Oughts.
The stock market has gone from wealth destroyer to the nation’s largest manufacturer of new millionaires and billionaires. The market moves are creating a new virtuous cycle of confidence for the wealthy. A new survey from Spectrem Group shows that millionaire confidence in the economy hit the highest level in two years, led by their bullishness on the economy and corporate earnings.
The big question now is what the next Gilded Age will look like, who will benefit and how long the market-fueled prosperity will last.
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1st February 2013 at 5:37 pm
Administrator says:
Hundreds of billions per year is small potatoes to GreasedUp Willie.
I look at the whole picture.
The middle class is getting fucked by the scum suckers on top and the bottom feeders that make up at least 20% of the population.
Both are the problem. Neither can be ignored or accepted.
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1st February 2013 at 7:16 pm
Llpoh says:
Greased up says “we have allowed” middle class jobs to be shipped overseas. The middle class were very much a part of letting that happen – low skills, low education, falling work ethic, high sense of entitlement, living beyond their means, etc. played a huge part in the jobs leaving. Business does not send jobs overseas for chuckles – it is done for a reason. I have never seen a decision made “to fuck over the middle class”. The middle class does that to themselves by their decisions.
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1st February 2013 at 9:08 pm
crazyivan says:
“I have never seen a decision made “to fuck over the middle class”.- LLPOH
Maybe you have not made such a decision personally, but if you have not seen one you are getting a bit glassy eyed.
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1st February 2013 at 12:35 am
GreasedUpWillie says:
Lipoh – The “we” in my statement is very inclusive, but business sends jobs overseas for one reason: cost savings. Every other argument is an excuse. You are not going to find an engineer in the states that can work for 10 Dollars an hour. That cost savings is made possible by a difference in the cost of living (read this as the abject poverty of the third world) between the nations.
This cost of living difference is a result of the middle class in America, and subsequent economic growth, growing throughout the 20th century. A middle class that could afford and consume the products they made. Now the country is in a tipping point where production has moved elsewhere, but TPTB want consumption to remain the same, which results in debt. This paradigm, with the U.S. as the worlds consumption center, and the rest of the world as the production center will eventually collapse. The only way to match overseas workers wages is to reduce the American cost of living down to the level of the third world. This is the proverbial “race to the bottom”.
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1st February 2013 at 9:57 am
GreasedUpWillie says:
Admin – I guess a hundred billion here and a hundred billion there, and pretty soon we are talking real money, eh? Maybe small potatoes was not the best choice of words…
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1st February 2013 at 10:01 am
Administrator says:
GreasedUp
We are on the same page. The majority of the problem is the oligarchs pulling the strings, but I can’t let the willfully ignorant people of this country off the hook. We have all allowed this to happen.
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1st February 2013 at 10:13 am