Sometimes Much Is Not Needed to be Said.

Since last September, the Fed has extended its balance sheet by over a trillion dollars and has conducted nearly $9 Trillion dollars in “off balance sheet” transactions. Just so you understand that is about $30,000 for every man woman and child in the US, and we are on the hook for that amount. Sen. Grayson inquires to the Inspector General of the Fed where did that money go and who was the recipients of these transactions. Here is the video of that exchange. If you do not believe the banksters aren’t fleecing America unchecked, you only need to watch this 5 minute clip!

 

 

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How Bad is the Inequality in America Today?

You aren’t going to like these facts, but America is experiencing the worst inequality in history … and it will only get worse unless we change policy. Inequality in the U.S. is now the highest ever recorded in the country.
Inequality in America today is twice as bad as in ancient Rome, worse than it was in Tsarist Russia, Gilded Age America, modern Egypt, Tunisia or Yemen, many banana republics in Latin America, and worse than experienced by slaves in 1774 colonial America. Economist and inequality expert Thomas Piketty notes that – according to an important measure – inequality in America today is the worst in world history:
For those who work for a living, the level of inequality in the U.S. – writes Piketty – is “… probably higher than in any other society at any time in the past, anywhere in the world …”
In other words, there might have been some squalid country in the distant past where the disparity between people without any job and the king was higher than between a jobless American and the top fatcats in the U.S, but there is no record to validate that fact. The spread between the minimum wage American worker and the American oligarch is the greatest in world history. Indeed, inequality in America has become so extreme that the “99% versus the 1%” meme is grossly inaccurate … because it’s really the .01% versus the 99.99%. 85 people in America have more wealth than 250 million Americans combined! In fact, they have more wealth than 4.5 billion people globally!
Paul Krugman notes:
A lot of what we know about inequality actually comes from Piketty, because he’s been an invisible presence behind a lot. So when you talk about the 1 percent, you’re actually to a larger extent reflecting his prior work. But what he’s really done now is he said, “Even those of you who talk about the 1 percent, you don’t really get what’s going on. You’re living in the past. You’re living in the ’80s. You think that Gordon Gekko is the future.” And Gordon Gekko is a bad guy, he’s a predator. But he’s a self-made predator. And right now, what we’re really talking about is we’re talking about Gordon Gekko’s son or daughter. We’re talking about inherited wealth playing an ever-growing role. So he’s telling us that we are on the road not just to a highly unequal society, but to a society of an oligarchy; A society of inherited wealth, “patrimonial capitalism.” In fact, we are already there.
So we are going probably, unless something gets better, we’re going to look back nostalgically on the early 21st century when you could still at least have the pretense that the wealthy actually earned their wealth. And, you know, by the year 2030, it’ll all be inherited. In other words, we’re going from oligarchy to dynastic royalty.
Nobel Prize winning economist Robert Shiller and Former Goldman Sachs managing director Nomi Prins also say that inequality may get much worse than it is now. Mainstream economists like Krugman – who long discounted the importance of inequality – now finally admit that runaway inequality destroys the economy. Unfortunately (and ironically), the policies which they push are the very thing causing extreme inequality in the first place.
The sad reality is that “We The People” have the ability to correct this gross injustice by simply casting a well informed vote to change the government policies these oligarchs have pushed through CONgress while we have apathetically snoozed away.
It is no accident that voter suppression laws are being sought in nearly every state. It is no accident that bills are being passed to suppress our constitutional rights to assembly and free speech. It is no accident that our local police forces look like military special operations units. It is no accident that there is resistance to raising the minimum wage to a livable wage in the 21st century. It is no accident that we are being pitted against each other along religious and anti-government lines. It is no accident that that our schools are crumbling and our educational system is in shambles. It is no accident that even after the affordable health care act has passed that CONgress has voted 50 times to repeal it and states have opted out of Medicaid expansion. It is no accident that mainstream media create “facts” that really don’t exist or that 5 corporations own 96% of the major media outlets in this country.
Our only question is why do we not see what’s being done to us. As a majority, do we not struggle to pay for our children’s education? Do we not face the financial hardships of a catastrophic illness? Do we not struggle to feed and house our families? So then, why do we not unite and fight back against the reality staring us in the face? Why do we not say enough?!
Not one single incumbent should be re-elected in 2014, not one! Not one “Tea Party” candidate should stand a snow ball’s chance of winning. The most elected candidates should be “none of the above”! We should be occupying congress every day! We should be calling for the arrest and criminal prosecution of every congressional member and all of the banksters.
Truly if you do understand what is really going on here, you are a slave with a slave mentality. Is this what you really are? Is this what you want for your children’s future? If you wake up and it’s too late, there is a cold hard reality that awaits you…You were responsible for your reality because you did not act, you did not take the time to realize and resist. You put the chains on yourself and your family for the foreseeable future.

The End of Democracy in America?

For over two years we have been writing about the undue influence of money in American politics and government. We dared to say on several occasions that we now live in an oligarchic society, not a democracy. Some of our readers thought that was somewhat extreme, however, now, a scientific study seems to bear out what we have been saying all along.
The reality of the study is the American public actually have little influence over the policies our government adopts. Americans do SEEM to enjoy many features central to democratic governance, such as regular elections, freedom of speech and association, and a widespread (if still contested) franchise. But, …” and then they go on to say, it’s not true, and that, “America’s claims to being a democratic society are seriously threatened” by the findings in this, the first-ever comprehensive scientific study of the subject, which shows that there is instead “the nearly total failure of ‘median voter’ and other Majoritarian Electoral Democracy theories of America. In America, money talks… and democracy dies under its crushing weight. A study, to appear in the Fall 2014 issue of the academic journal Perspectives on Politics, finds that the U.S. is no democracy, but instead an oligarchy, meaning profoundly corrupt, so that the answer to the study’s opening question, “Who governs? Who really rules?” in this country, is:
“Despite the seemingly strong empirical support in previous studies for theories of majoritarian democracy, our analyses suggest that majorities organized interest groups are controlled for and by the elite, and the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy.” To put it short: The United States is no democracy, but actually an oligarchy.
The authors of this historically important study are Martin Gilens and Benjamin I. Page, and their article is titled “Testing Theories of American Politics.” The authors clarify that the data available are probably under-representing the actual extent of control of the U.S. by the super-rich:
“Economic Elite Domination theories do rather well in our analysis, even though our findings probably understate the political influence of elites. Our measure of the preferences of wealthy or elite Americans – though useful, and the best we could generate for a large set of policy cases – is probably less consistent with the relevant preferences than are our measures of the views of ordinary citizens or the alignments of engaged interest groups. Yet we found substantial estimated effects even when using this imperfect measure. The real-world impact of elites upon public policy may be still greater.”
Nonetheless, this is the first-ever scientific study of the question of whether the U.S. is a democracy. “Until recently it has not been possible to test these contrasting theoretical predictions [that U.S. policymaking operates as a democracy, versus as an oligarchy, versus as some mixture of the two] against each other within a single statistical model. This paper reports on an effort to do so, using a unique data set that includes measures of the key variables for 1,779 policy issues.” That’s an enormous number of policy-issues studied.
What the authors are able to find, despite the deficiencies of the data, is important: the first-ever scientific analysis of whether the U.S. is a democracy, or is instead an oligarchy, or some combination of the two. The clear finding is that the U.S. is an oligarchy, not a democratic country, at all. American democracy is a sham, no matter how much it’s pumped by the oligarchs who run the country (and who control the nation’s “news” media). The U.S., in other words, is basically similar to Russia or most other dubious “electoral” “democratic” countries. We weren’t formerly, but we clearly are now. Today, after this exhaustive analysis of the data, “the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy.” That’s it, in a nutshell.
In the years we have been blogging, our hope that the electorate would finally wake up and understand the danger that their apathy toward the political process would eventually cause their enslavement. We all understand the words “erosion of the middle class” but we don’t seem to link that statement to concepts such as extreme poverty, lack of opportunity for our children, police state, political suppression, lose of freedom, and several more realities that we seem to believe we still have and don’t have at all.
It is time we do what we need to do. We need to understand that our democracy and freedom must be fought for and defended at all times. That is not only our right to vote, but our RESPONSIBILITY and OBLIGATION to vote and when voting, cast an informed ballot. Today, the American people are the least informed voters of any of the developed nations and most of the under developed nations. In each of those nations we clearly understand the plight of the people and the poverty and hardships they are enduring on a daily basis. We are now numbered among those nations.
The recent changes in political campaign financing orchestrated through what should be the least corrupt arm of government, the Supreme Court, and the effectiveness of the number of state efforts to suppress voter’s rights should be a ringing bell to wake us up! We, the people, still have the power to correct these atrocities and assaults on our democracy and constitution, but to do so we must take the time and effort to understand the issues and most importantly cast an informed vote. That means voter turnout needs to be in the 80-90% range even in off term elections like those coming up in 2014. We need to repeal these ridiculous campaign financing laws and voter suppression actions, and finally those among us who can run for office as true patriots should step up and run. The cast of characters lining up in state and congressional seats so far are the most pathetic in our history.
Stop for a moment, forget the political rhetoric, and simply look at your children. If you fail to participate, what is their fate?