As I watch the events unfolding now, it is apparent that the final assault by the ultra-rich and the banksters to herd us into indentured slavery has begun. After doing this blog for nearly two years now, I am more convinced now than ever that is exactly what has been going on for the last 30 or 40 years. I guess the slow motion manner in which it is occurring has lulled us into believing it is NOT happening, much like a tree snake does making its final assault on a bird.
However, any rational person can no longer deny the facts. For those who don’t see it, well consider these facts.
#1. We are bleeding middle class jobs at a pace that is staggering. Since the year 2000, the United States has lost 10% of its middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.
#2. In particular, the United States is absolutely hemorrhaging manufacturing jobs. Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.
#3. The U.S. real estate market continues to stagnate. During the third quarter of 2010, 67 percent of all mortgages in Nevada were “underwater”, 49 percent of all mortgages in Arizona were “underwater” and 46 percent of all mortgages in Florida were “underwater”. So what happens if home prices go down even more?
#4. For millions upon millions of middle class families, their number one financial asset is their house. Unfortunately, many analysts are now projecting that U.S. housing prices will fall much lower than they are now. For example, Peter Schiff of Euro Pacific Capital says that home prices in the United States are going to decline at least 20 percent and possibly even more.
#5. Most American families have found that their economic situations have significantly deteriorated over the last several years. In fact, 55 percent of the U.S. labor force has “suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers” since December 2007.
#6. As tens of millions of Americans barely scrape by, saving for retirement has become an afterthought. Today, 36 percent of Americans say that they don’t contribute anything to retirement savings.
#7. If all of the above was not bad enough, now we are not even living as long. According to one recent report, the United States has dropped to 49th place in the world in overall life expectancy.
#8. Our young people are supposed to be the hope of the future, but most of them are up to their eyeballs in student loan debt. Americans now owe more than $875 billion on student loans, which is more than the total amount that Americans owe on their credit cards.
#9. Life is getting harder and harder for those on the low end of the income scale. The bottom 40 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
#10. In the UK, living standards would have to fall by about 15 per cent in the weaker economies and Government spending slashed if the single currency was to survive.
#11. 35% of Americans already over the age of 65 rely almost entirely on Social Security payments alone.
#12 According to a recent AARP survey of Baby Boomers, 40 percent of them plan to work “until they drop”.
#13. As I have documented here several times, the last of the vestiges of our independence is our pension funds. As we have seen, those are being systematically raided. Most all of the sovereign retirement funds, state pension funds, and major multi-national corporations retirement funds are broke. And now, the assault on PRIVATE pension funds has begun. The most striking example is Hungary, where last month the government made the citizens an offer they could not refuse. They could either remit their individual retirement savings to the state, or lose the right to the basic state pension (but still have an obligation to pay contributions for it). In this extortionate way, the government wants to gain control over $14bn of individual retirement savings.
Folks, get over your normalcy bias or perish! I am not a person who tends to be dramatic, but it is time to be alarmed. We must begin to act or our children and grandchildren will be enslaved forever. However, let’s be clear here. I am NOT calling for revolution. That is exactly what the PTB are hoping for as it will speed up the final act. Look around, I don’t think we have the resources to combat our militarized police and armies that are geared to civil and urban resistance. We cannot fall into that trap.
What we can do is realize that it not too late to use what we have, our vote. Last time I counted the “little guys” are favored in that arena. So, what I am saying is:
1). Get informed and let your representatives that enough is enough. Remind them of the realities of the voting headcount.
2). Vote, vote, vote. But most importantly, be sure you have cast an informed vote.
3). Hold our politicians accountable on every vote every time.
4). If that fails, we must collectively begin a passive resistance. This would take the form of two initial actions. First, go to bank and draw out your money. Expose the naked king! Hell, we aren’t being paid any interest anyway. Secondly, if you are lucky enough to have a job, insist you are paid in cash. I believe these two simple actions would send shivers down the spines of a few nervous politicians and some very guilty banksters who know the crimes they have committed (assuming these spineless rogues at least have a nervous system).
This was a difficult piece to write, because I never thought we would allow these banksters and corrupt politicians to get this far, but they have and we must stop this criminality. This is a global issue and one which we as global citizens must respond to, as it is a danger to us all and certainly our children. Let me know your thoughts.