Political commentator Kim Iversen last week on The Hill’s “Rising” warned of coming civil unrest if inflation and supply shortages continue while corporate profits soar.
Iversen and co-hosts Ryan Grim and Robby Soave skewered BlackRock CEO Robert Kapito for complaining of “an entitled generation that has never had to make sacrifices before.”
Iversen reported that U.S. corporate profits hit a record high in the fourth quarter of 2021, jumping 25%, even as the gross domestic product dropped 6.9%.
“So, what does this mean exactly?” she asked.
“It means,” she said, “inflation is good for big businesses, which upped their prices in response to supply and labor shortages and saw profit margins increase 25% to $2.94 trillion — the largest gain since 1976.”
She singled out the oil industry, saying, “We know that while gas prices are taking a toll on working people, 25 of the world’s biggest fossil fuel corporations are reaping in record profits … [and] oil giant BP, for example, has hit its highest profits in eight years.”
According to Iversen, corporations are using “the slight inflation that we did see in the beginning” as an excuse to hike prices over the long term.
She said:
“If you combine the supply-chain problems with the energy price increases with the corporate greed, you’ve basically explained all of the inflation that we’ve experienced.”
Iversen cited a March 29 MSNBC tweet that questioned why Americans are dissatisfied with this “booming economy:”
She then cited journalist David Sirota’s Twitter response to MSNBC:
This trend isn’t sustainable, even for the interests of corporations, since a “middle class that is poor” won’t be able to buy any products, Iversen said.
As a solution, she suggested supporting Bernie Sanders’ new proposal to tax windfall profits from the pandemic at 95%.
Soave then reported on BlackRock CEO Kapito’s controversial comments about the economy.
Speaking last month at the Texas Independent Producers and Royalty Owners Association, Kapito said, “For the first time, this generation is going to go into a store and not be able to get what they want,” adding, “ … we have a very entitled generation that has never had to sacrifice.”
“I think this generation has sacrificed,” said the 32-year-old Soave. “I think there’s been plenty of sacrificing.”
While conceding his generation was never forced to serve in a war, he cited other burdens, such as student loan debt and the difficult economy his generation confronted upon graduating in the wake of the 2008 financial meltdown.
Kapito graduated from the Wharton School in 1979 and immediately joined a Boston investment firm. He earned an MBA from Harvard in 1983 and went on to co-found BlackRock in 1988.
According to corporate proxy reports obtained by salary.com, Kapito made $22,115,203 in 2020. Wallmine reports his estimated net worth at $303 million (other estimates, in the wake of the pandemic, are closer to $400 million).
Kapito, who turned 65 in February, has no published record on the web of military or civil service and would have been 15 years old when Richard Nixon announced the end of U.S. operations in Vietnam.
According to Blaze Media, Kapito’s warning came just days after Bloomberg economists advised Americans to consider budgeting an extra $5,200 this year — or $433 monthly — to prepare for historically high inflation.
Summing up the current economic trends, Iversen predicted:
“Look, the pitchforks are coming, guys. So either they do something about this, or the pitchforks are coming. If people can’t go to the grocery store and buy what they need, if they’re seeing like what this BlackRock executive is saying … if we walk into the stores and the shelves are empty and we’re not in a pandemic anymore and we can’t commute where we need to commute because gas prices are too high, this is going to change fundamentally the way the people view the government, and it’s not going to be good.”
Watch the segment here:
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I cant believe this propaganda piece was posted here.
Kapito is correct and Iverson is wrong. The generations born after the 1960s are the most spoiled and entitled people in the history of this country. I know because four of them are my children. Actually they turned out to be good people, though we went through some tough times together. Todays’ corporate profits have nothing to do with the matter.
I am old enough to remember the shortages after WWII. We had ‘meatless Wednesdays’ for years. It was common for my mother to go shopping with a long list of groceries, and return with only half of the things she wanted. One went to the butcher shop for meat, the green grocer for vegetables. There were no supermarkets, no big box stores then. We lived with what we could obtain, and did not feel in the least that we were suffering. I even remember, barely, the coupon books of the war years.
No, shortages will not in and of themselves cause the pitchforks to come out. What will be the cause will be the attitudes and demands of those who think they are ‘entitled’ to their demands. They will be augmented by the influx of millions of people from other parts of the world who come here believing the U.S. is still the land of milk and honey, and when they discover otherwise and turn to crime and violence, that is when things will get nasty.
Problem is that the pitchfork people are coming across the border in hordes. We need to make sure that we have pitchforks with longer handles.
Our AR-15 “pitchforks” have long handles indeed. It’s why the socialist democrats want to ban and confiscate them.
“Assault rifles”.
That and handguns if living in high density housing. Rifles can penetrate buildings nearby.
Protective vests, lots of ammo, a good scope and nite vision.
I notice of of my current reading time, that 15 actual conservatives and four millenials have read your comment.
And you know why? It’s because your parents are doing a better job than their.
Some places now gas is being stolen out of gas tanks by drilling holes and damaging the tank costing owners $1000. to replace. Thefts in stores bad. Wal greens is pulling out of San Fr. Some born post ww2 also feel entitled and get irritated when things are not stocked in stores, some complain to corp office which I have also sent in bad reviews online. Younger parents today don’t teach work ethics and younger people today don’t appreciate anything, just make demands on parents and parents afraid to say no.. This got worse in the ’80’s and over time. Few know how to show appreciation or thanks for anything. They won’t help parents or grandparents (elderly) when adults. Always too busy they say. I hear this from friends , abd somehow they failed raising them when growing up. Several childless friends disinherited neices and chose to leave money to a charity or ministry. I will do likewise. My nieces and nephews are not on same path as me. Friend passed recently, her two neices (adults) expected a large inheritance, they were shocked when they didn’t. One friend talked about disinheriting a son, and I encouraged her to.
But if anyone does not provide for his relatives, and especially for members of his household, he has denied the faith and is worse than an unbeliever. 1 Timothy 5:8
Thes adult kids mentioned have their own household, Tim 5:8 ref. is minor children and/or elderly parents. Adults are a “new household” the husband is head of that household. We are not responsible for other’s kids incl siblings since parents are still living.
My biggest concern is that those with the pitchforks know who to go after. They might be brainwashed into blaming anyone but the elites. We will be fighting each other.
They can start with 222 democrats in the House and 50 in the Senate. Add one in the White House and one in the Vice President’s residence. There are a couple million more, but this will be a good place to start.
People ditched friends and quit speaking over covid shots, later on the prepared defending against havenots will be everywhere. Police will not be around, neither will EMT’s or firefighters.
Pitchforks my ass.
Illinois is bankrupt, Chicago is bankrupt, yet they can still hand out gas coupons to the little people to help in this time of corporate greed.
All the government needs to do, and does, is hand out more free shit to the free shit army and they turn down the volume of their discontent.
biden wants to raise taxes on corporations, yeah yeah yeah, most of us know the big corporations don’t pay those taxes, it’s the little fucking corporations, like mine, that will be hammered into the ground.
Don’t care about me anymore, I’m 63 and fucking done trying.
Welfare votes are the cheapest to buy. In many cases all you have to do is say you’re going to give them something more to get their votes. Look at those who elect Maxine Waters and Sheila Jackson Lee again and again. Those voters are just as poor as they were when those two ran for office on promises, yet those two are multi millionaires now, and the poor still vote for them. Average IQ of “poor” voters must be around 75.
Amazing that someone who has never seen a pitchfork is so conversant in their use.
But no, they aren’t coming out except to be used as originally intended.
I don’t recall exactly.
Sounds close enough.
You ever been to a hypnotist show? The first folks that come up on stage agree to do it, then the hypnotist culls the ones who are resistant to suggestion.
Same concept.
Movies today are mostly crap, lousy acting, no talent, crazy plots, msotly sound effects. I’ll stick to the classic crime/drama movies and westerns of the 40’s 50’s 60’s some ’70’s decades. Many free online old TV series also. Hallmark movies are soap opera trash.
He was using the pirchfork example like Glenn Beck does (meaning any weapon you have to fight with).
Destroy my culture, traditions, family, faith , nation and rape and murder my children, but don’t you dare raise the price of muh big mac with cheese….smh.
https://tv.gab.com/channel/wallofpeople/view/minority-rule-the-rise-of-political-624c9dc6fef18efd421b0ba4
Yea, I am calling bullshit on this one. I am not seeing any sign of any uprising of any kind, and I doubt if I ever will in my lifetime. Americans are way too cowardly and stupid to ever stand up for themselves.
Between now and November we’re going to see the extent to which the socialists can lie and blame others for their evil deeds. The combination of a greedy and gullible electorate and lazy conservatives who don’t bother to vote, will I’m afraid, leave the socialists in control next year. Get armed and be willing to use your guns. The socialists are coming for your savings, your IRA, your 401(k) and probably your house.
Willy you’re right that somebody is coming for remaining wealth but it’s not the socialists. It’s the banksters that are coming for it. They just use the capitalists and socialists as diversions while they strip the wealth from those who produce it.
Lazy/apathetic is the words you were looking for.
Only thing I hear is mobs stealing out of stores in major cities like NYC (5th ave stores most shut down) Walgreens in San Fr. pulled out, no police there so why run a business. L.A. is a 3d world homeless hell hole, incl the beach towns.. Gas stealing from suv’s trucks gas tanks. Portland and othe cities lawlessness w/no police.
Mobs will steal in businesses or anywhere if they get hungry enough or have kids to feed. It happened in the wild west and nothing will cg that fact today.
When your net worth is $400 million it’s easy to point fingers at the great unwashed that had pensions bankrupted healthcare costs skyrocket while real wages in buying power dropped over 40% !
These assholes know what is happening to the greater majority of working average Americans .
From government parasites elected , appointed or hired and the oligarchs that buy their favor while crushing the majority of Americans economically have overplayed their poker hand and there’s a shotgun under the table aimed at their balls !
The BIG THEY know this and that’s why we had 911 , Iraq , Afghanistan , Libya , Syria etc and now Ukraine
You’re exactly right. The Swamp is the problem. I’m one of the suckers with savings, a house, and no debt. My savings are shrinking, and the socialists are stealing the rest to buy votes. The shotgun in my house is aimed at the front door. (A/R pointed at the back.)
I wonder how many deer rifles with a scope are out there in the U.S. I bet it’s a lot, in every state.
To many to count democrats are the finest gun salesmen in the world!
Many Republicans are scum also.
American citizens own 70 times as many firearms as the U.S. military and all U.S. police forces combined. 400 million guns and a trillion rounds of ammo in the hands of 150 million citizens. Put us in the position of nothing left to lose, and government (at all levels) is going to become an endangered species.
Most won’t do anything, even if their family is threatened, few alpha males today. They will go with the goon squad round ups to fema camps and give up the guns. Most patriots today are passed on. majority living are too old, sick or disabled to fight.
Fooget about the pitchforks and torches.
The Rapture, Antichrist, Wrath/Judgement of God and the second coming of Jesus are coming.
Likely only about 5% of the world population will make the rapture.
Of the remaining 95% left behind likely around 5 % will survive the rest through the judgement or separation of the sheep and the goats and enter the 7th millennium on earth or the millennial reign of Jesus.
Apart from a true saving personal relationship with Jesus the Messiah by grace and through faith you WON’T make it through the next decade.
Dead or alive only true believers can.
For true believers Dead or Alive it’s a win win.
Sorry, no rapture is coming to save us. You denigrate all the martyrs who suffered before and after the destruction of Jerusalem and all of the Christian martyrs who have suffered in the Name of Christ over the last 2000 years.
God will get the faithful through the wrath if that’s his will or many will die. Judgement will come eventually. But there will be no secret rapture to save us.
Right on Sis.
I get it. God the Father wants to put his Son’s faithful church through hell on earth as a reward for their faithfulness.
That would be a true mystery.
Christians all over the world, not here or Europe but plenty of other countries are put through hell on earth already. Why should the rest of us be exempt?
If the antiCchirst appears after 3 1/2 yrs of tribulation the Holy spirit then removed and the church is not mentioned after Revelation ch 4, some teach they will be led to a safe haven on earth. This is one view. the word rapture is not taught.
Faithful???
When one can hardly tell the difference between the saved and the lost, I’d hardly call that faithful. Friendship with the world is to be at enmity with God. Christians work for their earthly retirement just as hard as nonbelievers, often neglecting putting forth any effort into storing up treasures in heaven. Another example is the churches that cancel services on Super Bowl Sunday, which shows where the devotion of their members lie.
Messiah told us to OCCUPY until he comes. Physical and spiritual laziness, apathy, and passivity are not occupying. Believers were given the Great Commission to win souls and to disciple the converts. The vast majority of Christians do not put forth much effort, or any effort at all, into spreading the good news of salvation through the blood of Messiah to those who have not heard, or else do not yet understand the message. How is brushing aside such an important commandment considered faithful?
People are more faithful to showing up for work every day than they are faithful to Messiah. Prayer is our strongest offensive weapon, and yet in my experience very few care to show up to a prayer meeting.
I could go on, but I’m hoping that my point is clear. If the Holy Spirit convicted you just now and it makes you uncomfortable, and the discomfort makes you angry, please give me a downvote to show your faithfulness to the official narrative of the sleeping church of our time.
Vigilant, have to agree with you even while many times being guilty of neglecting scripture reading, prayer and discipleship. What you are describing I believe is called Churcianity. All the major Christian mainstream churches are guilty and probably most independent Christian churches. Most people don’t want to be discipled, either.
Adults know what to do when they are Spirit led. Others cannot push people into “lining up” with what they think others should be doing.. Besides majority of churches today run by apostate pastors and are social clubs.
Yes. You don’t “win any points “ by sitting in an apostate service week after week. It is Christ plus nothing. And if you have Him, you will do good works, can’t not do them as He abides. Also, can pray by yourself, don’t have to wait for prayer meetings, and Jesus is always with you so there is the “two or more in my name.”
If someone isn’t interested in discipleship it makes me wonder if they were sincere in their decision to follow Messiah, as the commitment requires a change in lifestyle. The one who presented the gospel to them may not have made it clear that it is a way of life, not simply fire insurance to escape hell. I’m not a fan of one, two, three, pray after me, as it can give false assurance of salvation.
I confess that I am not always as faithful to Bible reading and prayer as I ought to be. I know that I don’t deserve to be raptured and spared from tribulation. My own measuring stick for deserving to be raptured is the book of Hebrews’ reference to Enoch, who was translated from this realm without tasting death. Why? Because he had this testimony: He pleased God. So I examine myself to see if I please the Father as much as Enoch did. I think that it’s quite arrogant to believe that one deserves to be raptured, because the testimonies of Enoch and Elijah, who both escaped death, show us a level of spirituality that very few attain.
I realize that not everyone who believes in the pre-trib rapture theory thinks that they deserve to escape the coming judgements, rather they are just following the predominant teaching of churchianity and are relieved to hear it. Why dig for the truth when the teaching is so palatable and comforting?
Eyeless..
Cutesy statements like that show how much your 3rd eye has been dimmed by soft living and ignores thousands of years of oral and written history.
Correct, there is no secret rapture. The Revelation tells us that when he comes, EVERY EYE SHALL SEE HIM. Period.
Absolutely no rapture!
Most preachers preach rapture doctrine because they are gatekeepers for globalism and dumb down the members w/false doctrine. Most 501c3 churches are social clubs, best to home church or meet w/ friends unaffiliated w/ org. churches.
The Scofield reference Bible’s commentary has been treated as if it is also Scripture. When seminaries began teaching Scofield as Scripture great deception followed.
Yes indeed and I have gone into detail here how it was all financed and managed by Samuel Untermeyer and his gaggle of crony banksters in Manhattan who even paid for a posh flat for Schofield as well as his membership in an exclusive rich bankers club downtown.
Thank you! I didn’t know that. I knew the Scofield study Bible taught in seminaries absolutely ruined the pastors.
I’ve read some of your comments on Scofield, and appreciate the additional information on him.
Amen!
EWS, Right in the center of the target with that one. At one time I would have thought 10% but I have lowered my expectations to the 2% to 5% range. Most think you and I are fools. Psalm 14:1 The fool hath said in his heart, there is no God. Then there is the group working their way to heaven but will never arrive because their church lied to them. Christ done the work, yours is but to believe.
Are u Vicky from Idaho Falls? that’s her logo just wondering, if so hi there from Alabama.
Did I miss something? I didn’t waste my time watching the video. Did anyone blame the Federal Reserve and the (((world banking cartel))) for anything?
Pretty sure this wasn’t brought up.
Trunews did almost their entire show on the Khazarians yesterday. I disagree with their conclusions but other than that it was quite interesting. Saying there is a plan to abandon the ME and move back to Ukraine. I disagree with the abandon the ME part but wouldn’t be surprised if they had a plan to take back Ukraine.
When we lose reserve status and all the $ come flying home and the EBT cards don’t work or when the EBT cards can buy what they want, whichever comes first. What will happen next is food will be stolen. That’s already beginning to happen. Homes will be raided and so will trucks carrying food.
I seriously doubt there will be a point where anyone in DC will pay for what is happening.
All as planned. Vaccine death, famine death, war death, chemtrail death, hospital death traps, inflation death….. Time to kill the Federal government.
Maybe when it hits us in our tummy’s and not our wallets.
One thing for sure. We cannot expect Boobus Americanus to do the right thing when they decide to act.
It’s not too bad yet but every time women voters put in a Demoncrap this kind of stuff happens. Remember standing in line for gas with Catah?
If anyone’s vote counted they wouldn’t allow voting.
Except when it’s Eve’s daughters. 😉
WHEN THE BOGAS PLANDEMIC STARTED,the first thing the GOVERNMENT DID,was shut down ALL the BIG CORPORATION COMPETION,the mom and pop stores,AMERICANS ARE BRAINWASHED,they believed the LIEING WHORES IN THE GOVERNMENT,no one realized they had a BIO-WEAPON unleashed on them,A WEAPON CREATED IN NORTH CAROLINA,for the US ARMY,thats a WAR CRIME,but not anyone in america believed their hero’s would do such a thing,YES THEY WOULD,they all work for their daddy SATAN,JUST LIKE THE NAZI’S RUNNING UKRAINE,who all americans support,MAYBE A NUCLEAR WAR IS WHAT YOU WANT ,you won’t survive it, is that what you want,ITS WHAT ALL YOUR DEVIL WORSHIPPING FRIENDS IN THE GOVERNMENT WANT.destroy america is their plan..AND THE DOOR TO STOP THEM IS CLOSING FAST,STAND UP YOU MEN AND TAKE THESE DEVILS DOWN WHILE YOU STILL HAVE TIME,their about to unleash another PLAGUE ON YOU,and THIS ONE WILL REALLY BE DEADLY,THEY’LL LOCKDOWN THE ENTIRE COUNTRY SO YOU CAN”T GET THEM…THEN YOU”LL SEE THE FOREIGN MILITARY ON YOUR STREETS,AND THEY WILL BE KICKING DOORS TO ROUND YOU UP…WHAT WILL IT TAKE.. A BLOODBATH AND LOTS OF DEAD BODIES EVERYWHERE…THEY ALL HAVE “NAMES AND THEY ALL LIVE SOMEWHERE”…