Saturday, February 27, 2010
Monday, February 22, 2010
$75,000 to $99,999, 5 percent
$60,000 to $75,000, 6.4 percent
$50,000 to $59,000, 7.8 percent
$40,000 to $49,000, 9 percent
$30,000 to $39,999, 12.2 percent
$20,000 to $29,999, 19.7 percent
$12,500 to $20,000, 19.1 percent
$12,499 or less, 30.8 percent
Ten times worse unemployment in the lowest class than in the highest class! Truly amazing and disheartening, don't you think? And you can also infer that in some hard hit geographical areas the poorest people and people of color are being even more adversely impacted. And don't think for a minute that things have really improved in 2010.
Wednesday, February 17, 2010
Tuesday, February 16, 2010
Here's a little preview of what might be coming down the road when some people get a little crazy and even more desperate than you now think possible. If you've ever wondered why cops shoot first and ask questions later, here is a possible explanation. On the other hand, you and I are a lot more likely to be on the receiving end of this kind of exchange. Unfortunately, the fatal flashpoint is all too easy to reach in a heavily armed and increasingly volatile and violently confrontational society. You can be assured that we are all going to be exposed to such highly escalating levels of violence as the social and economic order continues to deteriorate. Prepare to get caught in a nasty crossfire as anarchy and social chaos create a situation where desperation and culturally ingrained moral irresponsibility gain the upper hand in the fight for survival. The resulting and preprogrammed response of the police and military authorities will be an equally vicious and escalating level of engagement, justified by the psychopathic criminality witnessed in this video. Add to this powder keg the presence of tens of thousands of mind controlled manchurian candidates whom this veteran might well have been a prime example of, and we have the makings of an unprecedented bloody social conflagration which after all is only the logical outcome of a nation which has laid claim over the centuries to the dubious honor of the most violent country on the face of this planet.
Wednesday, February 10, 2010
a most interesting exchange indeed and indicative of the rock and the hard place where the "sovereigns" find themselves today. Joseph Stiglitz representing the interests of the IMF, is flanked conveniently by one of the government satraps who implement the predatory lending policies of the IMF. National assets used as collateral are sequestered first in the form of high rates of interest and the expansion of national debt in the inevitable inflation of asset and housing bubbles. With the subsequent and inevitable collapse leading to the austerity of "structural adjustments" said assets are ultimately stripped in subsequent repurchase agreements at fractional costs. What is forgotten these days is the role Stiglitz, our nobel laureate, played in the same asset stripping and plundering of the former Soviet Union in his capacity of head of the World Bank with the able assistance of head of Russian finance under Al Gore, present OMB head Peter Orszag. The World Bank and IMF then turned their attention to Iceland with the predictable result that under the aegis of Stigltz and Orzsag, the Bank Of Iceland failed precipitating an economic crisis which is still unfolding to this day. Hendry for his part representative of another notable predator class, hedge fund manager, swoops in to pick the leavings clean with short raid speculation along with Soros, Goldman Sachs et al. all the while squawking"you should have saved for a rainy day". Meanwhile the "sovereigns" (don't you love that great new term) are left holding the bag and are left to fend off their dispossessed new underclass of plebes rioting, pillaging and robbing, madly scavenging for any scraps that fall from the master's table.
Saturday, February 6, 2010
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
– Edward Bernays
2. China is going to lead the world in time in technology because of the cost thereof.
3. China invented money.