85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined

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85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined

By Michael Snyder, on July 27th, 2014

The global economy is structured to systematically funnel wealth to the very top of the pyramid, and this centralization of global wealth is accelerating with each passing year. According to the United Nations, 85 super wealthy people have more money than the poorest 3.5 billion people on the planet combined. And 1.2 billion of those poor people live on less than $1.25 a day. There is something deeply, deeply broken about a system that produces these kinds of results. Seven out of every ten people on the planet live in countries where the gap between the wealthy and the poor has increased in the last 30 years. Despite our technological advances, somewhere around a billion people go to bed hungry every single night. And when our fundamentally flawed financial system finally does collapse, it will be the poor that will suffer the worst.

Now, let me make one thing clear at the outset.

Big government and more socialism are not the answer to anything. Big government and more socialism almost always result in increased oppression and increased poverty. If you want to see where that road ultimately leads to, just look at North Korea.

What we need is a system that empowers individuals and families to work hard, be creative, build businesses and to take care of themselves.

But instead, we have a system where all power and all wealth are increasingly controlled by giant banks and giant corporations that are in turn controlled by the global elite. The “financialization” of the global economy has turned almost everyone on the planet into “deft serfs”, and the compound interest on all of that debt enables the global elite to constantly increase their giant piles of money.

As I have written about previously, the total amount of government debt in the world has increased by about 40 percent since the last recession.

And when you consider all forms of debt, the grand total for the planet is now up to a whopping 223 trillion dollars.

This enables the super wealthy to constantly become even wealthier. It is like a giant vacuum cleaner that sucks wealth out of all of our pockets and transfers it to them.

It has been reported that the global elite have approximately 32 trillion dollars stashed in offshore banks around the globe.

But that is only what we know about.

What we don’t know about is probably far greater.

Just like most people don’t realize that men like Bill Gates and Carlos Slim are not the wealthiest men on the planet.

The people that are really at the top of the food chain are masters at hiding wealth and they absolutely do not want their names being thrown around in the media.

Meanwhile, those at the bottom of the pyramid continue to suffer.

For example, it was been widely reported that there are more people in slavery today than ever before in human history.

That is an absolutely amazing statistic. It is hard to comprehend how that could be possible, and yet it is. A new UN report says that there are 21 million slaves around the globe right now…

Nearly 21 million people are working as modern day slaves, falling victim to trafficking, forced labor and sexual exploitation, a new UN report finds. The illicit market in exploited people generates billions of dollars in profit worldwide.

The report by the International Labour Organization (ILO), which draws on information gathered in a 2012 survey, also found that annual profits stemming from forced labor are three times higher than previous estimates.

“Put into perspective, the 21 million victims in forced labor and the more than US$150 billion in illegal profits generated by their work exceeds the population and GDP of many countries or territories around the world,” the ILO says.

This is an utter abomination, but this is actually happening all over the planet. The following is one story that I recently came across out of India…

Dialu Nial’s life changed forever when he was held down by his neck in a forest and one of his kidnappers raised an axe to strike.

He was asked if he wanted to lose his life, a leg or a hand.

Six days earlier, Nial had been among 12 young men being taken against their will to make bricks on the outskirts of one of India’s biggest cities, Hyderabad.

During the journey, they got a chance to escape and ran for it – but Nial and a friend were caught and this was their punishment.

And yes, he did end up losing his hand.

Fortunately, most of us are not facing that kind of oppression.

But that doesn’t mean that we aren’t slaves. The borrower is the servant of the lender, and over the past four decades the total amount of debt in America has gone from about 2.2 trillion dollars to nearly 60 trillion dollars. Many of us work as “debt serfs” our entire lives, and we never even know the names or the faces of those that we are making rich as we slowly pay off our debts.

And all of this debt is one of the primary factors destroying the middle class in America. Just this past week, the New York Times reported that the wealth of “the typical household” in the United States has declined by 36 percent over the past decade…

The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially.

The Russell Sage study also examined net worth at the 95th percentile. (For households at that level, 94 percent of the population had less wealth and 4 percent had more.) It found that for this well-do-do slice of the population, household net worth increased 14 percent over the same 10 years. Other research, by economists like Edward Wolff at New York University, has shown even greater gains in wealth for the richest 1 percent of households.

Does that upset you when you read that?

It should.

And the outlook for the next generation is even worse. Most of our young adults are absolutely drowning in student loan debt and other forms of debt, and wages for new college graduates are terrible.

Sadly, most people don’t even realize how the global financial system works or why the gap between the super wealthy and the rest of us continues to grow so rapidly.

It has been estimated that the wealthiest one percent currently have 110 trillion dollars.

That is 65 times more wealth than the bottom half of the global population combined.

They are hoarding wealth as we approach some of the most unstable days in all of human history.

http://theeconomiccollapseblog.com/archives/85-super-wealthy-people-have-more-money-than-the-poorest-3-5-billion-combined

NEW HOLOCAUST

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‘We are looking at the beginnings of a Holocaust’

By SAM SOKOL
07/28/2014 16:07

The situation facing European Jewry is “simply intolerable, unacceptable and inexcusable,” Israeli Jewish Congress president Vladimir Sloutsker told MKs and foreign diplomats at a special session of the Knesset Immigration, Absorption and Diaspora Committee on Monday.

Calling the rise in anti-Semitic incidents accompanying Israel’s invasion of Gaza an “SOS situation,” Sloutsker warned that if left unchecked, such behavior could lead to another European genocide.
Related:

Donetsk Jewish community struggles to hold together under fire
Toulouse Jewish center firebombed after anti-Israel protest in area

“Never before since the Holocaust, have we seen such a situation as today,” he said, referring to the continent-wide demonstrations by pro-Palestinian activists, a number of which have generated into violence and many of which have featured racist rhetoric.

“We are potentially looking at the beginning of another Holocaust now. These events [violent demonstrations and expressions of anti-Semitism] will only grow in scale across Europe,” he asserted.

Addressing the legislators and representatives of a number of European governments, including those of Denmark, Holland and France, the oligarch and former head of the Russian Jewish Congress called for Jewish communities across the continent to “unite and consolidate.”

Sloutsker also called on all European governments to impose what he called “strict regulations” on the format and content of demonstrations in order to prevent further violence against Jews.

Citing a recent proposal by Belgian Jewry to establish a position of Special European Commissioner to monitor and combat anti-Semitism and racism, Sloutsker said such measures would “help send a strong message that European leadership is united and committed to combating anti-Semitism, racism and xenophobia.”

A number of Israeli legislators echoed Sloutsker’s call for a more proactive European approach to combating anti-Semitism.

“Fight together with us,” MK Shimon Ohayon urged the diplomats present, adding that he was opposed to “dangerous propaganda” that painted Israel as an aggressor.

Jews in Europe have been targeted because they are Jewish and not because of any territorial claim or conflict in the Middle East, the lawmaker asserted, but “because they are against them because they are Jews,” citing attacks against Jews in France, including a recent riot in the Parisian suburb of Sarcelles in which the synagogue and Jewish stores were targeted by people.

“We ask you to stop this wheel” of “anti-Semitic hatred in Europe,” he added, calling anti-Zionism the “new anti-Semitism.”

The world “must understand” that Israel is fighting against terrorism, committee chairman Yoel Rzbozov said in response to Ohayon’s statement, echoing the prevailing sentiment among the lawmakers present.

The state will not allow one Jew to remain undefended, MK Yisrael Hasson chimed in, asserting that the fates of European and Israeli Jews are intertwined.

Jews is Belgium are being asked “why are you killing children in Gaza?” Rafael Werner, a representative of Belgium’s Jewish community recounted, asserting that there is little distinction being made between Jews and Israelis.

“There is no hasbara in Europe,” he complained, using the Hebrew term for public diplomacy.

The situation in Europe is “dire,” said MP Meir Habib, a Jew who represents French expatriates in the National Assembly. While praising the French political leadership for their commitment to defending their country’s Jewish community, he said that hearing calls for the deaths of Jews at demonstrations left him “concerned that there will be a second Toulouse,” a reference to the 2012 shooting deaths of several Jews at a Jewish school in that city.

Decrying what he perceived as a lack of concern for the mass deaths accompanying the Syrian civil war, Habib complained that accusations of “disproportionate” actions by Israeli forces have been harmful and asserted that the media is “the primary problem.”

Most French Jews will remain in France despite a high rate of emigration, he concluded, imploring his Israeli counterparts to “help those who stay.”

European representatives present during the meeting sought to assure the room that their governments are committed to defending local communities.

“We refuse to allow any conflict to be imported into French society,” a representative of the French embassy said. “The security of the Jewish citizens of France is an utmost priority for us. Our determination will not falter.”

“Forceful measures have to be taken against cases of anti-Semitism or it will increase,” Dutch Ambassador Casper Veldkamp said. “The situation is severe. We risk importing the conflict from the Middle East to Europe when Europe should export respect.”

Danish Ambassador Jesper Vahr agreed but cautioned the communal leaders and legislators about linking anti-Semitism and the current Israeli military operation.

“We are discussing anti-Semitism. There is also another discussion going around the table pertaining Operation Protective Edge,” he said. “I would warn against mixing apples and oranges…we as a society also defend the right of people in Denmark to voice their protests against the actions happening on the ground. You know the position of my government on that.”

However, he added, Denmark supports Israel’s “right to defend itself” and will “exert all efforts to fight the scourge of anti-Semitism.”

http://www.jpost.com/Jewish-World/Jewish-News/We-are-looking-at-the-beginnings-of-a-Holocaust-369165

DUMB REPUBLICANS

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THE REPUBLICAN PARTY IS THE PARTY OF BIDEN!

There’s a good reason the wussypants Republican Party is called the Party of Stupid. But the word ‘Stupid’ doesn’t adequately describe the industrial strength levels of stupid practiced by the Wussyboys. There needs to be a more accurate term for the GOP. Maybe we should start calling the Republican Party “The Party of Biden.”

On the heels of alienating the entire conservative base nationwide after paying black Dims to vote for RINO relic Thad Cochran in the primary runoff election in Mississippi, the wussypants GOP is back for round two.

Read more at http://angrywhitedude.com/2014/07/republican-party-party-biden/#42kEoZHlELT8h0GB.99

Typical Household Wealth Has Plunged 36% Since 2003

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America’s Lost Decade: Typical Household Wealth Has Plunged 36% Since 2003
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Submitted by Tyler Durden on 07/26/2014 21:53 -0400


Does it feel like you’re poorer?
There is a simple reason why – you are! According to a new study by the Russell Sage Foundation, the inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36% decline… Welcome to America’s Lost Decade.

Simply put, the NY Times notes, it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.

The reasons for these declines are complex and controversial, but one point seems clear: When only a few people are winning and more than half the population is losing, surely something is amiss.

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As Russell Sage Foundation concludes, through at least 2013, there are very few signs of significant recovery from the loss of wealth experienced by American families during the Great Recession. Declines in net worth from 2007 to 2009 were large, and the declines continued through 2013. These wealth losses, however, were not distributed equally. While large absolute amounts of wealth were destroyed at the top of the wealth distribution, households at the bottom of the wealth distribution lost the largest share of their total wealth. As a result, wealth inequality increased significantly from 2003 through 2013; by some metrics inequality roughly doubled.

The American economy has experienced rising income and wealth inequality for several decades, and there is little evidence that these trends are likely to reverse in the near-term.

It is possible that the very slow recovery from the Great Recession will continue to generate increased wealth inequality in the coming years as those hardest hit may still be drawing down the assets they have left to cover current consumption.

The inequality-battler-in-chief remains unaware of the greatest irony of this surging rich-getting-richer as poor-get-poorer society:

Inequality in the U.S. today is near its historical highs, largely because the Federal Reserve’s policies have succeeded in achieving their aim: namely, higher asset prices (especially the prices of stocks, bonds and high-end real estate), which are generally owned by taxpayers in the upper-income brackets. The Fed is doing all the work, because the President’s policies are growth-suppressive. In the absence of the Fed’s moneyprinting and ZIRP, the economy would either be softer or actually in a new recession.

The greatest irony is that the President is railing against inequality as one of the most important problems of the day, despite the fact that his policies are squeezing the middle class and causing the Fed – with the President’s encouragement – to engage in the radical monetary policy, which is exacerbating inequality. This simple truth cannot be repeated often enough.

http://www.zerohedge.com/news/2014-07-26/americas-lost-decade-typical-household-wealth-has-plunged-36-2003

SOCIALISM ALWAYS ENDS THE SAME WAY

EVERYONE EQUALLY POOR, EQUALY DESTITUTE, THE DEATH OF THE MIDDLE CLASS IF FAVOR OF POVERTY. OBAMA BUILT A 110 STROM FSA AND DISABILITY ARMY. TAKE BACK THIS COUNTRY….

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6 companies own 90% of media consumed by Americans

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6 companies own 90% of media consumed by Americans…

When Media Mergers Limit More Than Competition

JULY 25, 2014
The much-admired Supreme Court Justice Hugo Black may be rolling in his grave at the prospect of a merger between 21st Century Fox and Time Warner Inc., which would reduce control of the major Hollywood studios to five owners, from six, and major television producers to four, from five.

“The widest possible dissemination of information from diverse and antagonistic sources is essential to the welfare of the public,” he wrote in the majority opinion that decided a 1945 antitrust case involving major newspaper publishers and The Associated Press. “The First Amendment affords not the slightest support for the contention that a combination to restrain trade in news and views has any constitutional immunity.”

Fox and Time Warner may no longer publish old-media newspapers or magazines, but they certainly disseminate information and opinions that may be even more vital to the “welfare of the public” today than the newspapers of Justice Black’s era. HBO alone, one of Time Warner’s cable channels, produces “Real Time With Bill Maher,” “Last Week Tonight With John Oliver” and acclaimed documentaries like “The Case Against 8,” about the struggle for marriage equality, and the “Paradise Lost” series, which examined the murder convictions of the group of white teenagers known as the West Memphis Three.

How many of those would be produced under the ownership of a Rupert Murdoch, or for that matter, any other media mogul who controlled close to 40 percent of all major film production and nearly 20 percent of all television?

“I don’t see a bright distinction between news and entertainment,” said Christopher L. Sagers, an antitrust professor at Cleveland-Marshall College of Law. “One person shouldn’t own all the cultural creativity resources. If one person can limit content, that’s a huge loss to society.”

Advocates for consolidation in media, who include not just Mr. Murdoch, who controls 21st Century Fox, and their allies, but also other big media, cable and telecommunications companies, tend to brush off antitrust concerns when it comes to content creation. (Even Time Warner has been cautious about raising any antitrust defenses, presumably because, should it thwart Mr. Murdoch this time, it may want to acquire its rivals at some point in the future.)

After all, the rise of Netflix and the popularity of YouTube demonstrate that anyone can make successful original programming in the freewheeling digital era. And even as television producers have consolidated, critics have hailed a new “golden age” of television.

But this ignores the fact that in 1983, 50 companies owned 90 percent of the media consumed by Americans. By 2012, just six companies — including Fox (then part of News Corporation) and Time Warner — controlled that 90 percent, according to testimony before the House Judiciary Committee examining Comcast’s acquisition of NBCUniversal.

“The situation is already terrible and this would make it worse,” said Susan Crawford, a visiting professor in intellectual property at Harvard Law School. Coupled with giant cable and Internet distributors, like Comcast and AT&T, “you’ve got two highly concentrated markets that need each other to survive and protect their profits,” Professor Crawford said. “The public interest side of this conversation is hopelessly outgunned.”

Antitrust experts said that a merger of 21st Century Fox and Time Warner posed far more serious regulatory issues than Comcast’s acquisition of NBCUniversal. That’s because Fox and Time Warner are direct competitors in the businesses of film and television production. (Comcast didn’t produce much programming before it bought NBCUniversal.)

“This is quite different from Comcast and NBCUniversal,” said Scott Hemphill, an antitrust professor at Columbia Law School. “It’s a straightforward merger of two competitors.”

These so-called horizontal mergers always reduce competition, the only issue being whether it’s enough to warrant blocking the merger or imposing conditions on it. And both Fox and Time Warner would come under the jurisdiction of the Federal Communications Commission, which is free to take a broader view of the public interest when examining mergers.

“It’s within the F.C.C.’s power as merger overseers to conclude that this merger would impose undue limits on diversity,” Professor Sagers said. “It could block it or it could impose conditions that would ensure diversity.”

A spokesman at 21st Century Fox declined to comment. But a person with knowledge of the company’s strategy said it saw no substantive antitrust issues other than in cable news. On the contrary, this person contended that a merger would encourage competition, because Fox has traditionally been a disruptive rival and innovator. A spokesman for Time Warner declined to comment.

http://www.nytimes.com/2014/07/26/business/a-21st-century-fox-time-warner-merger-would-narrow-already-dwindling-competition.html

STOLEN FUTURE

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Rep. Kristi Noem Sums Up the National Debt in One Photo
July 23, 2014

Rep. Kristi Noem of South Dakota sent a lighthearted tweet Tuesday about an unphotogenic moment shared between President Obama and a baby that was retweeted more than 100 times.As the superimposed text explains, the individual share of the U.S.’s $17.6 trillion national debt is slightly less than $55,300, and both figures are expected to grow. The 2014 annual deficit is expected to clock in at $492 billion.

http://nation.foxnews.com/2014/07/23/rep-kristi-noem-sums-national-debt-one-photo

IT’S TIME FOR THE FARCE TO END

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Poll: One-third say impeach Obama

By JONATHAN TOPAZ | 7/25/14 7:09 AM EDT Updated: 7/25/14 9:40 AM EDT

One third of Americans think President Barack Obama should be impeached, a new poll says.

According to a CNN/ORC International poll released Friday, 33 percent of Americans think the president should be impeached and removed from office, compared with 65 percent who say they don’t support impeachment. Fifty-seven percent of Republicans say they support impeaching Obama, compared with just 35 percent of independent voters and 13 percent of Democrats.

When asked about when Congress should attempt to impeach a president, 79 percent of Americans said it should be used only if there is evidence of a serious crime — such as treason or bribery. Eighteen percent said impeachment could appropriately be used to registered dissatisfaction with White House policies.

A plurality of Americans — 45 percent — believe Obama has gone too far in expanding his presidential powers. Thirty percent said the president has been about right in terms of presidential powers, while 22 percent he has not gone far enough.

The numbers generally fall in line with CNN results from the past two presidencies — 30 percent of Americans support impeachment for former President George W. Bush in 2006 and 29 percent support impeachment for former President Bill Clinton in 1998.

(Also on POLITICO: Obama’s immigration rhetoric: Then and now)

In 2006, 48 percent of Americans said Bush had gone too far in expanding the powers of the presidency, compared with 34 percent who said he was about right and 14 percent who said he hadn’t gone far enough.

A Fox News poll released earlier this week reported that 36 percent of Americans favored impeaching Obama, compared with 61 percent who said they opposed impeachment.

The Democratic National Committee said Friday’s results show that the American are against both impeachment and the speaker’s lawsuit against Obama.

“As the CNN poll finds, the majority of Americans support the President taking action if Congress will not and they oppose the GOP’s sham lawsuit and talk of impeachment,” DNC national press secretary Michael Czin said in an email to POLITICO. “The American people want the President, and Congress, to tackle important issues, like commonsense immigration reform, equal pay and raising the minimum wage – so while Republicans waste time on political stunts, those are the issues the President and Democrats will continue to fight for.”

The CNN survey was conducted July 18-20 with 1,012 adults on landlines and cellphones. The margin for error is plus-or-minus 3 points.

Read more: http://www.politico.com/story/2014/07/poll-impeach-obama-support-33-percent-109369.html#ixzz38UdZ3lvn

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NeWSPeaK CoVeR: A STuDY IN PRoPaGaNDa

NeWSPeaK CoVeR: A STuDY IN PRoPaGaNDa
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Submitted by williambanzai7
http://www.zerohedge.com/news/2014-07-24/newspeak-cover-study-propaganda

PUTIN IS GOD!

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Putin on Ritz, get it? Ha-ha-ha.

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As we say in Russia На здоровье.

YOU GOTTA CHECK OUT THIS SITE:

http://www.createitnow.co.uk/vladimir-putin-fan-page

DARTH FOR PRESIDENT

Poll: Darth Vader More Popular Than All 2016 Candidates

If the GOP ran Lord Vader – he would even beat out our best hope of Comrade Clinton! Even Boba Fett would beat out Hillary! And if they ran a Vader-Fett ticket, comrades – we could lose the election!

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Poll: Darth Vader More Popular Than All 2016 Candidates

July 23, 2014 By Curtis Kalin

America, meet your new 2016 Presidential front-runner…

The Washington Post’s Wonkblog compared the favorability ratings of famous characters from Star Wars with Gallup’s favorability ratings of potential 2016 candidates. The result was a potentially new low in American politics. One of the most evil fictional characters of all time has higher poll numbers than any potential presidential candidate.

The Star Wars polling was taken from Nate Silver’s FiveThirtyEight, who recently performed a study of Americans’ opinions on the timeless pair of trilogies.null

The highest rated real-life politicians are Hillary Clinton and former Arkansas Governor Mike Huckabee. But they are beaten out by four fictional Star Wars figures. Clinton is tied with Boba Fett (the bounty hunter who froze Han Solo in carbonite).

While Vader handily defeats all real-life challengers, three characters dominate the polling. Topping the list is Luke Skywalker, followed by Han Solo and Yoda. Their favorables are all over 80%.

Also noteworthy is Emperor Palpatine out-polling current President Barack Obama. Not surprisingly, Congress took dead last place in the polling. Their popularity remains at historic lows, beaten out by lice, root canals, and used car salesmen.

http://www.cnsnews.com/mrctv-blog/curtis-kalin/poll-darth-vader-more-popular-all-2016-candidates

$10 TRILLION LOSS OF THE CENTURY

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Great Crash of 2016, third $10 trillion loss this century

Paul B. Farrell July 23, 2014

Commentary: Greenspan’s ‘black box’ syndrome now handicaps Yellen

Sometime after the Great Crash of 2016, Fed Chairwoman Janet Yellen will be testifying before Congress, just like Alan Greenspan was forced to do in 2008. She will be explaining why America has already had three megacrashes in the 21st Century, each draining roughly $10 trillion, each a direct result of Federal Reserve policy failures. She will be forced to explain why the Great Crash of 2016 was a clone of the bank credit crash of 2008 and the 2000 excesses.

But we already know exactly what Yellen will be forced to admit: That she is a clone of Alan Greenspan, who was a perfect clone of capitalism’s patron saints, Milton Friedman and Ayn Rand, going back decades. To fully understand this self-destructive lineage, simply focus your laser on the one admission Greenspan made to Congress in 2008, eight words that explain why Greenspan’s bizarre capitalism failed and why it will happen again and again under Yellen …

“I really didn’t get it until very late.”

No, you don’t have to be a neuroscientist, psychologist or behavioral-finance genius to understand what Greenspan was saying, in this confession to Congress, to American investors, the whole world:

Greenspan says capitalism was working just fine … in his head … for decades … then suddenly, capitalism stopped working … capitalism exploded in his face … capitalism is a bubble machine … very predictable bear-bull cycles … and a bad habit of exploding … just when you hope to get just a little richer … but instead, capitalism’s bubble explodes … triggering trillions in losses … did it in 2000, again in 2008, certain to repeat around 2016 …

He was on the job 18 years, Not enough. Unfortunately the esteemed head of our monetary system never “really got it until very late.” Capitalists never do “get it.” Never will get it. Neither does Yellen, she’s just a clone of robotic Greenspan. It’s the curse of capitalist leaders.

Greenspan was rigid, dogmatic, ideological, misleading 95 million American investors and billions worldwide for 18 years as de facto head of the world’s monetary system. His book “Age of Turbulence” netted him a nice $8.5 million, lots of speaking and consulting fees. But the stock market he left behind crashed in 2008 with investors losing over $10 trillion in market cap, on top of the trillions lost earlier in 2000 during the middle of his tenure as Fed chairman.

So put it on your calendar, a new bubble is certain to explode in Yellen’s face by 2016 with trillions more market cap lost.

Greenspan ‘black box’ syndrome infected Bernanke, then Yellen’s brain

The “Greenspan black box,” a neural data recorder, saved everything in his brain for the past 40 years. And you don’t have to be a neuroscientist, psychologist and behavioral economist to analyze the data is in Greenspan’s brain, with contrarian evidence there, but hidden. That’s why he said: “I really didn’t get it until very late.” The risks were actually in his neural system, but isolated and ignored … till too late.

Yes, our Fed leaders’ brains know their capitalist dogma has stopped working but can’t admit it, hang on to a failing system rather than moving on. Greenspan tried, confessed: “Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief.” But Bernanke, and now Yellen still prop up America’s failing capitalism.

But while the facts were there, Greenspan’s brain blocked the warnings: “I really didn’t get it until very late,” too late to change course. It took the 2008 exploding bubble before Greenspan was shocked awake. Then, finally aware his 40-year theories of capitalism weren’t working, Greenspan admitted to the world: “Yes, I found a flaw, that’s precisely the reason I was shocked because I’d been going for 40 years or more with very considerable evidence that it was working exceptionally well.”

For 40 years his capitalist brain favored ideology over facts … beginning back in the 1960s, a couple decades before Reagan appointed him Fed chairman and he served from 1987 until early 2006 … while he advised four American presidents … while congressional leaders trusted his judgment and guidance … while central banks worldwide hung on his every word for 18 long years … as capitalists called him “Maestro” and “Rock Star.” Yes, Alan Greenspan was the great oracle of capitalism for investors worldwide.
Capitalism works? Bubbles, crashes, cycle repeats … who can’t “get it?”

Then, after 40 years, something bad happened … capitalism stopped working. So let’s rerun Greenspan’s tape, analyze it in our neural brain translator. The setting: Greenspan in Washington, a few years after he left the Federal Reserve.

http://www.marketwatch.com/story/great-crash-of-2016-third-10-trillion-loss-this-century-2014-07-23?link=MW_story_popular

TRULY SCARY SH!T

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Prediction: Dems to run Clinton Warren presidential ticket with feminist slogan

The signs are pointing to a Hillary Clinton/Elizabeth Warren presidential ticket.

Hillary is on a book tour disclosing everything from bisexual tendencies to Monica (but not so much Benghazi). Elizabeth Warren is, in tandem, on a speaking tour receiving rock-star reception from her fans.

Ladies and gentlemen, I hereby predict this is the team to beat for White House 2016.

It is the perfect scenario for an iron-ovaries campaign where every critic will swiftly be verbally castrated by labeling of “woman hater,” or gay basher.”

For the record. I am a woman, and don’t really give a hoot who is in your bedroom. Or in Clinton’s. Or Warren’s for that matter.

The worst thing the GOP can do is to fall for pressure and respond to the media pressure with it’s own female-just-for-female-sakes dynamic duo.
No, for the GOP to even stand a chance they need to stay out of the gender war and finally cough up the strongest candidates. Not some mediocre washed up has been moderate, as has been the trend as of late. The Republicans need a candidate who is for a solid economically conservative platform, will stay out of the social issues that divide the voter base, capture the youth vote–and will not forget Benghazi.

With those prerequisites the Republicans need Rand Paul.
Paul comes out on top with landslide margins for the youth vote in nearly every poll. Rand Paul is also more popular than other Republicans with unaffiliated and Libertarian voters.

Stick Rand Paul on the ballot with a vice president that is strong with the conservative base, like Dr. Carson or Allen West, and it’s game on.
I say that while I am actually not that big on either Carson, or West.

But the GOP needs a balanced vote where there is something for (almost) all social and economic conservatives to like. Unlike the last few elections when conservatives plugged their noses, voted, and posted hate comments on Facebook for the massive pride they just swallowed.

Should the GOP join the chick on chick action just because that’s what the other team is playing, the should expect to yield the White House another 4 years.

You don’t win by using your defense as your offense. Especially when it’s the other guy’s playbook.

And whatever you do, GOP, do not run another Bush.

Read more at http://angrywhitedude.com/2014/07/prediction-dems-run-clinton-warren-presidential-ticket-feminist-slogan/#BCYUeYgo64PWbJmR.99

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A DIVIDED NATION CANNOT STAND

A nation divided cannot stand, and by just about any measure, our country is faltering. Obama and his evil minions have used hatred, class warfare, accusations of racism, outright lies, coercion, socialism, racial, gender, and blaming everyone and anyone for all the scandals, criminal behavior, and emperor-like mindset. Our country has suffered beyond belief these last 5 1/2 years, and we still have to put up with it for 2 1/2 more years. GOD help us all.

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POLL: 67% of voters say America more divided than four years ago…

Voters See A More Divided Nation; GOPers More Enthusiastic to Vote
in Politics

Tuesday, July 22, 2014

Voters strongly believe the United States is a more divided nation these days, and they think both sides are to blame. Most are also ready to do something about it at the ballot box in November.

Sixty-seven percent (67%) of Likely U.S. Voters say America is a more divided nation than it was four years ago. A new Rasmussen Reports national telephone survey finds that just seven percent (7%) think the country is less divided now, while 21% rate the level of division as about the same.

Among voters who see more division or about the same level of it, 35% believe President Obama is to blame. But 34% point the finger at Republicans in Congress instead. Twenty-three percent (23%) say they’re both to blame. Just five percent (5%) attribute the division to something else.

Fifty-seven percent (57%) of all voters say they are more likely to vote this year than they have been in past elections. Only four percent (4%) say they are less likely to do so, while 38% rate their intention to vote as about the same as in past years.

Perhaps problematic for Democrats is that 65% of GOP voters and 55% of voters not affiliated with either major party are more likely to vote this year, compared to 53% of those in the president’s party. But that could change as the election gets nearer.

Fifty-nine percent (59%) of voters nationwide are at least somewhat confident that the candidates they vote for will steer the country in the right direction, but that includes just 19% who are Very Confident. Thirty-three percent (33%) lack that confidence, with seven percent (7%) who are Not At All Confident that their candidates will make a difference.

http://www.rasmussenreports.com/public_content/politics/general_politics/july_2014/voters_see_a_more_divided_nation_gopers_more_enthusiastic_to_vote

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OUR CITIES WILL BURN

Obama’s illegal alien invasion is going to cause massive problems for decades to come, but that’s the point, as Obama does everything he possibly can to destroy this country. Obama let out 36,000 criminals and prisoners the last few years, and 80% of the mongrel barbarian hordes invading our country are adults, many of whom are murderous gang and cartel members. We’ve pissed away tens of billions on border protection, only to have Obama wipe it out. When TSHTF, you can thank Obama for letting in millions of crimimals, parasites, and gangsters that will victimize, murder, rape, loot, and destroy this country.

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Illegal Immigration And Gangs: Someday Our Cities Will Burn Because We Didn’t Protect Our Borders

By Michael Snyder, on July 22nd, 2014

Latin Kings by Javier RamirezDid you know that the number of illegal immigrants that enter Texas each week is greater than the number of babies being born to citizens of that state? The mainstream media is shining the spotlight very brightly on all of the children that are coming over, and there is a reason for that. They are trying to tug on our heartstrings. But there is another part of the story that you aren’t hearing much about. By refusing to protect our borders, Barack Obama has allowed hundreds of thousands of gang members to illegally enter the United States and settle in our major cities. In many communities, gang activity is already wildly out of control, and someday our cities will burn because of the foolishness of the federal government.

The Obama administration knows that one out of every five illegal immigrants has a criminal record. And we are not just talking about illegal immigrants taking “upskirt photos” of women like just happened in Texas. We are also talking about rapists, murderers, drug dealers and hardcore gang members.

According to Texas state Senator Dan Patrick, illegal immigrants have been formally charged with nearly half a million crimes in his state over the past four years alone. And he also says that there are “at least 100,000 illegal immigrant gang members” living in his state right now…

Hours before Texas Gov. Rick Perry announced he would send National Guard troops to the border, Texas state Senator Dan Patrick said there are at least 100,000 illegal immigrant gang members in the state.

On Monday’s The Laura Ingraham Show, Patrick, who is also the Republican candidate for lieutenant governor, said from 2008 to 2012, 143,000 illegal immigrant criminals were arrested and jailed in Texas. He said these were “hardened criminals, gang members, and other criminals that we identified as being in Texas illegally.”

“We charged them with 447,000 crimes, a half-million crimes in four years, just in Texas, including over 5,000 rapes and 2,000 murders,” Patrick said. “We estimate we have 100,000 gang members here illegally.”

Why won’t Obama do anything to stop this madness?

There are at least 70,000 gang members living in Obama’s home city of Chicago. Other estimates put that number closer to 100,000. But everyone agrees that it is a number that is growing every day.

So it shouldn’t surprise any of us that at least 40 people were shot in Chicago over one recent July weekend.

I just fear for what Chicago will look like when things get really bad in this country. Many of our major cities are literally being transformed into tinderboxes that could erupt in flames at any time.

Overall, there are now approximately 1.4 million gang members living in the United States according to the FBI. But that number is actually a few years old now, so the true number is undoubtedly far higher at this point.

In addition, we know that illegal immigrants make up approximately 30 percent of the total population in our federal, state and local prisons.

And yet we refuse to stop more waves of illegal immigrants from coming in.

Are we willingly committing national suicide?

Just the other day, I noted that Honduras has the highest murder rate on the entire planet and that the Mexican drug war has claimed more than 120,000 lives since 2006.

That is what is coming here if we allow this insanity to continue.

Unfortunately, political correctness reigns in America today. Under current policies, our border agents are not even turning away minors with known gang affiliations that have gang tattoos all over them. Just check out the following excerpt from a recent National Review article…

Border Patrol officials struggling to keep up with the increasing number of minors illegally crossing the Mexican border are not turning away persons with known gang affiliations. Chris Cabrera, vice president of the National Border Patrol Council Local 3307 in the Rio Grande Valley, explained that a Border Patrol agent he represents helped reunite a teenage gang member with his family in the United States. Cabrera notes the young member of Mara Salvatrucha (MS-13), a transnational criminal gang, had no criminal record in the U.S., but asks, “If he’s a confirmed gang member in his own country, why are we letting him in here?”

“I’ve heard people come in and say, ‘You’re going to let me go, just like you let my mother go, just like you let my sister go. You’re going to let me go as well, and the government’s going to take care of us,’” Cabrera says. “Until we start mandatory detentions, mandatory removals, I don’t think anything is going to change. As a matter of fact, I think it’s going to get worse.”

Art Del Cueto, president of the National Border Patrol Council Local 2544 in Tucson, says agents who recognize the gang-affiliated tattoos of minors crossing the border must treat them the same as anybody else. He says these people are afforded the same rights provided to anyone crossing the border.

And according to the Border Patrol, some of these “processing centers” that we have seen pictures of lately are actually being used by the gangs to recruit more gang members…

According to Border Patrol sources, violent MS-13 gang members are using the Nogales processing center in Arizona as a recruitment hub and as a transfer point for gang members to get into the United States.

The Red Cross has set up phone banks inside the processing center so unaccompanied minors can make phone calls to family members inside the United States and back home in Central America. According to sources, those phones are also being used by MS-13 members to communicate with gang members already in the United States and operating in cities like Atlanta, New York and Chicago. Further, many teenaged males inside the facility have approached Border Patrol agents and have said gang members have tried to recruit them from shared cells. According to the FBI, MS-13 regularly targets middle and high school students for recruitment.

“The National Border Patrol Council believes there to be serious security issues at the Nogales Processing Center. Agents’ hands are tied due to the policies governing the care and lodging of juveniles and this has allowed gang recruitment and activity to flourish amongst those being detained,” vice president of the National Border Patrol Council Shawn Moran tells Townhall. “Customs and Border Protection needs to do more to ensure that gang members that are in custody at the NPC are identified, prosecuted, and prohibited from benefiting from this crisis.”

Barack Obama can see all of this happening and yet he refuses to secure our borders.

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DUMBING DOWN OF AMERICA

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HAVE YOU HAD ENOUGH OF DUMBING-DOWN AMERICA?

Indoctrination 101: Oh yes…let’s play the race card again with racial inequality at another progressive university in Madison, Wisconsin. Folks, it’s never-ending and it’s mind-bending madness…insanity I tell ya…pure insanity! Just how much lower can we go when it comes do dumbing-down our youths that attend institutions such as UW-Madison intentionally…hmm?

Here’s the preface before I get to the main story via this site:

A new policy at the University of Wisconsin – Madison states that good grades should be distributed equally among students of different races.

The policy, named the “Framework for Diversity and Inclusive Excellence,” calls for “proportional participation of historically underrepresented racial-ethnic groups at all levels of an institution, including high status special programs, high-demand majors, and in the distribution of grades.”

UW – Madison professor W. Lee Hansen wrote about his concerns with the policy in a piece published Wednesday.

“Professors, instead of just awarding the grade that each student earns, would apparently have to adjust them so that academically weaker, ‘historically underrepresented racial/ethnic’ students perform at the same level and receive the same grades as academically stronger students,” he wrote.

Lee’s piece also points out that being concerned with how many students of each race select a particular major could keep students from picking the major they want.

“Suppose there were [sic] a surge of interest in a high demand field such as computer science,” he wrote. “Under the ‘equity’ policy, it seems that some of those who want to study this field would be told that they’ll have to choose another major because computer science already has “enough” students from their ‘difference’ group.”

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Now, Here’s the summary regarding above post via this report. – See if you agree or disagree:

For years we’ve had the liberals shoving down our throats that all races are equal, and that other races – mostly the Black race – haven’t done as well in life because of White racism and White supremacy tendencies – and, because they’ve been held down and held back by the White man.

Cry me a river.

So, now their flawed ideology has come full-circle, with the University of Wisconsin-Madison issuing a policy mandating that professors have to adjust grades each student earns, so that academically weaker and “historically under-represented racial/ethnic students” receive the same grades as the academically stronger students.

Grade re-distribution 101! You don’t gotta learn to get rewarded, y’all!

But, but, all races are equal, so why do they keep going on about the ethnic students – after nearly 50-odd years of the civil rights movement in the USA?

Could it be because, no matter how much money you throw at them, no matter how much you rig the system in their favour, no matter how much you become “inclusive” to appease them, no matter how much you pander to them, no matter how much you lower the standards for them, no matter how much affirmative action and quotas you impose on admissions in their favour – no matter what you do, the “ethnic” students remain ethnically stupid?

And that at the end of the day, they didn’t need to attend university to learn the phrase: Do you want fries with that?

How does that saying go? Oh yes, you can’t polish a turd into gold.

So, now that the liberals have tried EVERYTHING to bring everyone down to the level of stupid, and the stupid are still, err, stupid, their next grand idea is to MAKE everyone level by changing grades so that everyone gets the same – no matter how dumb you are.

You know, because the ethnically challenged have been ‘historically’ disadvantaged.

How much longer you going to give them to become non-disadvantaged, liberals? How many more years – decades – centuries – before you FINALLY admit that no matter what you do to force everyone to be equal, they’re just not going to be equal?

You need another 100 years? 200? 300? Forever??

When are you going to admit that some people were just meant to wash floors?

Capiche?? Simple enough for your tiny brains to understand?

You stupid dumb frigging nut-job liberal retards. You’re a danger to humanity, society, and to the world. You need to be put on your own island, where you can worship Gaia, smoke your weed, sleep with anything and everything you want to, and sing Kumbaya with your ethnic brothers, sisters and fellow liberal wankers, while wearing your hemp-sack clothes and palm-leaf shoes, munching on grass and seeds, while sitting under your bird-murdering windmills.

Now that you’ve successfully dumbed-down America and made the children even more stupid than was ever possible, it’s time for you to go – far, far away from humanity.

Read more at http://angrywhitedude.com/2014/07/question-day-enough-dumbing-america/#qJgFVi4VzawWOo35.99

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DELUSIONAL LIAR

Does anyone believe a word that comes out of Obama’s mouth (except the fawning dumbshit MSM?). His brain has no connection to reality, he’s a power-mad delusional tyrant, thinking himself emperor, arbitrarily making edicts with his pen and phone, ignoring or circumventing laws with the help of of Eric “dick” Holder. Destroying all our foreign relations, overthrowing Ukraine’s government, funding Al Qaeda and ISIS, and starting the illegal alien invasion. 2 1/2 more years of this crap and we’ll be finished. Maybe a good thing, a catalyst for our rebirth as a nation…..we can only hope and pray…..

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14 Reasons Obama Is Lying When He Claims The World Is ‘More Stable’ And ‘Less Violent’ Than Ever

By Michael Snyder, on July 17th, 2014

Obama Press Briefing – Public DomainWith a straight face, Barack Obama has been repeatedly telling us that the world is “more stable” and “less violent” than ever. In fact, he believes that this is the best time in history to be alive because of how peaceful and stable everything is. And of course Obama is more than happy to take credit for his role in bringing all of this “stability” about. Just this week, his press secretary told the media that this administration has “substantially improved” the “tranquility of the global community”. Apparently these guys don’t think that we will notice all of the violence, war and terrorism constantly raging all around us. It would be wonderful if the planet actually was becoming a more peaceful place, but instead the exact opposite is happening. The world is becoming increasingly unstable, and if we aren’t really careful we could see World War III break out before too long. But if you listen to Obama, he makes it sound like we are living in an emerging global utopia. The following is an excerpt from remarks that he made during a White House event in June…

[T]he truth of the matter is that for all the challenges we face, all the problems that we have, if you had to be — if you had to choose any moment to be born in human history, not knowing what your position was going to be, who you were going to be, you’d choose this time. The world is less violent than it has ever been. It is healthier than it has ever been. It is more tolerant than it has ever been. It is better fed then it’s ever been. It is more educated than it’s ever been.

And as I mentioned above, a similar statement was made by White House press secretary Josh Earnest on Monday…

“I think that there have been a number of situations in which you’ve seen this administration intervene in a meaningful way, that has substantially furthered American interests and substantially improved the, uh, you know, the – the tranquility of the global community.”

In addition, posted below is video of Obama declaring that the world is “more stable” than it was five years previously during a speech to the United Nations last year…

It would be great if all of this stuff was actually true. But I think that at this point not even Obama believes half the things that are coming out of his mouth. He has told dozens of major lies while he has been in the White House, and the following are 14 reasons why Obama is lying when he claims that the world is “more stable” and “less violent” than ever…

#1 The downing of Malaysia Airlines flight MH17 has brought Ukraine and Russia even closer to the brink of war. The government in Kiev is blaming Russia and Russia is blaming the government in Kiev. But Barack Obama does not seem too concerned about it. During a speech on Thursday, he spent a mere 40 seconds addressing the downing of the plane before he began a 16 minute speech in which he told numerous jokes.

#2 If it wasn’t for revolutionary Ukrainian groups funded by George Soros and the U.S. government (among others), the Ukrainian government may never have been violently overthrown and there might not have been a civil war in Ukraine at all.

#3 Relations between the United States and Russia are the worst that they have been since the end of the Cold War, and the economic sanctions that Obama just slapped on Russia are not going to help matters any.

#4 Israel has just launched a major ground offensive in Gaza, and many fear that a full-blown regional war in the Middle East could erupt at any moment.

#5 The civil war in Syria has been raging for several years now. Thanks to the United States and Saudi Arabia, those seeking to bring down the Syrian government are very well armed.

#6 The civil war in Iraq continues to get even worse. ISIS has already captured vast stretches of Iraqi territory and they are using American weapons to do it.

#7 The Kurds claim that ISIS is now using chemical weapons against them. If this is true, it is really, really troubling news.

#8 The Iraqi government has told the United Nations that ISIS was able to steal 88 pounds of uranium from Mosul University. Some experts are concerned that they may be able to use this material to create a dirty bomb (or worse).

#9 Barack Obama told us that we were “liberating” Libya, but instead we just transformed it into a war-torn wasteland that is constantly being fought over by warring militia groups. Just this week, one of those militia groups launched a devastating attack on the main airport in Tripoli. And the horrible fighting in Libya has spilled over into other nearby countries in North Africa such as Mali.

#10 Relations between the United States and Germany are at the lowest point that they have been since the end of World War II. German Chancellor Angela Merkel was so furious when one U.S. spy was discovered recently that she expelled the top U.S. intelligence official from the country. But Germany is far from alone. The truth is that most of the rest of the world is sick and tired of our “Big Brother” behavior.

#11 Islamic terror group Boko Haram continues to cause havoc all over Nigeria. The following is from a news report about an incident that happened earlier this week…

Suspected members of the deadly Boko Haram Islamic sect on Monday attacked Dille village in Borno State, killed 45 people and torched several houses and shops and forced many people to flee into nearby hills for safety. The terrorists, it was gathered, came in a convoy of over 20 vehicles and motorcycles. According to one of the villagers, Njimtiku Papka, who spoke to journalists in Maiduguri on the phone, the terrorists on arriving the village started shooting indiscriminately at everyone in sight.

#12 The ongoing civil war in the Central African Republic has forced hundreds of thousands of people out of their homes.

#13 There is horrible fighting going on inside Somalia right now…

A fierce and violent conflict erupted on the outskirts of Qoryoley district in Lower Shabelle between joint African Union Mission in Somalia (AMISOM) troops and Somali National Army soldiers (SNA) against Al-Shabaab. The terrorist insurgents attacked an SNA and AMISOM military sitting in the town just outside Qoryoley when the battle initiated. Locals have reported to Shabelle that the fight also affected towns in the district like Maanyo Mudug, Farhanle and Abdi Ali.

#14 Things are not even stable in North America. Horrific gang violence and warring between drug cartels in Central America and Mexico has been one of the factors that has caused millions of illegal immigrants to come pouring toward the United States. Today, Honduras has the highest murder rate on the entire planet, and the Mexican drug war has claimed more than 120,000 lives since 2006.

http://theeconomiccollapseblog.com/archives/14-reasons-obama-is-lying-when-he-claims-the-world-is-more-stable-and-less-violent-than-ever

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