Once Middle Class, Millions Are Joining the Ranks of ‘Disposable’ Americans
By Paul Buchheit
Posted June 1, 2016
Poor Americans are becoming increasingly disposable in our winner-take-all society, as often noted in the passionate writings of Henry Giroux. After 35 years of wealth redistribution to the super-rich, inequality has forced much of the middle class down to near-poverty levels, worsened by the fact that they are also blamed for their own misfortunes.
The evidence for this disposability keeps accumulating: income and wealth—and health—are all declining for middle-class America. Meanwhile, those at the top could not be less concerned. As wealth at the top grows, the super-rich feel they have little need for the rest of society. More…
The U.S. Government Is Quietly Paying Billions to Wall Street Banks
By Pam Martens and Russ Martens
Posted May 24, 2016
Wall Street On Parade has learned, by piecing together the SEC filings of Freddie Mac and Fannie Mae and previous Federal Reserve studies, that these two companies that have been in U.S. government conservatorship since the 2008 financial crisis, continue to pay out billions of dollars to the biggest Wall Street banks on their derivatives contracts.
This raises multiple red flags, not the least of which is how much does the U.S. public really understand about the 2008 financial crisis and what appears to be a continuing taxpayer bailout. It is well known at this point that AIG had to be bailed out because it owed over $90 billion on its derivative and security loan contracts to Wall Street and foreign banks. Now, it’s looking like Fannie Mae and Freddie Mac were also Wall Street’s derivatives patsies – or “dumb tourists” as author Michael Lewis might say. More…
By Cognitive Dissonance
Posted May 18, 2016
Ultimately the destructive capacity of any rogue wave is based upon its volume and velocity. In nearly all the examples shown on the reserve currency chart except present day, the ‘known world’, meaning those currencies that controlled commerce and people’s minds within a geographic location, did not encompass the globe or its entire population. Far from it in fact.
Those within the influence of previous reserve currency collapses definitely suffered each time the rogue passed. But there were always nations, resources and people outside the reserve currency system which acted as a buffer when the rogue wave roared through. Such is not the case this time, at least not to the same extent previously. And the proof is perfectly clear when carefully examined. When the Federal Reserve sneezes, emerging nations and their economies suffer massive convulsions.
It truly is different this time because the volume of the coming rogue wave will encircle the globe. Like a massive tsunami, the ripples and reverberations will be massively destructive and circle the globe many times until its energy is finally dissipated. More…
The New “Water Barons”: Wall Street Mega-Banks are Buying up the World’s Water
By Jo-Shing Yang
Posted May 17, 2016
A disturbing trend in the water sector is accelerating worldwide. The new “water barons” — the Wall Street banks and elitist multibillionaires — are buying up water all over the world at unprecedented pace.
The second disturbing trend is that while the new water barons are buying up water all over the world, governments are moving fast to limit citizens’ ability to become water self-sufficient (as evidenced by the well-publicized Gary Harrington’s case in Oregon, in which the state criminalized the collection of rainwater in three ponds located on his private land, by convicting him on nine counts and sentencing him for 30 days in jail). Let’s put this criminalization in perspective: More…
Why the Economy Should Stop Growing—And Just Grow Up
by David Korten
Posted May 15, 2016
Listen to the political candidates as they put forward their economic solutions. You will hear a well-established and rarely challenged narrative. “We must grow the economy to produce jobs so people will have the money to grow their consumption, which will grow more jobs…” Grow. Grow. Grow.
But children and adolescents grow. Adults mature. It is time to reframe the debate to recognize that we have pushed growth in material consumption beyond Earth’s environmental limits. We must now shift our economic priority from growth to maturity—meeting the needs of all within the limits of what Earth can provide. More…
Blaming Hackers Coming to a Bank Account Near You to Steal Your Life Savings
By Joachim Hagopian
Posted May 14, 2016
Add one more way to lose all your life savings. Many of us have heard about the covert “bail-in laws” that already went into effect this year in Europe making theft of private bank account assets “legal” in this topsy-turvy world where chaos and high crimes rule the day. The precedent was set a couple years ago in Cyprus where private citizens woke up one day and found the money they believed was secure in their banks suddenly stolen by the banks.
Despite the Treasury Department and MSM propaganda that the bailout cost taxpayers only $21 billion, it actually cost Americans trillions in lost housing wealth, 9.3 million citizens lost their homes from 2005-2014 through foreclosure or short sale along with plenty of lost retirement funds and lots of lost jobs. More…
Proof That the Top 0.1% Create Crashes
by Jeff Nielson
Posted May 13, 2016
Our markets and economies are marched up and down in “bubbles” and “crashes”, with the duration of these cycles of financial crime now seeming to be fixed at about once every eight years. As the dust settles after each of these eight-year operations, the Fat Cats at the very, very top are found to have gotten much, much wealthier, while almost everyone else ends up significantly poorer.
With this pattern of crime now being obvious, and the pattern of “winners” and “losers” being equally obvious, it doesn’t require a rocket scientist to suspect that the Winners have been orchestrating these bubbles and crashes. It is obviously considerably easier to be on the winning side of your (supposed) gambling, when you know in advance what will transpire in the Game. More…
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The Shocking Truth about Our Money System and How We Can Break Free!
Great story on why we need to remove ALL of our elected government representatives
This site is designed for people who wish to follow important events, but do not have time to do a lot of reading. If you follow this site for a period of time, the daily fresh stories in different categories will over time provide you with an understanding of the “big picture” by showing you both the problems and the solutions. Hopefully this will inspire you to listen to your inner wisdom and become part of the solution.