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Author Topic: Doomstead Diner Daily  (Read 39885 times)

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AGelbert

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    • Renwable Revolution
Published 9/11/2019

BY Paul Craig Roberts

SNIPPET:

America's reputation has been shattered along with the Constitution, international law, and seven nations in whole or part. The massive crimes against the Bill of Rights and the population of seven nations are the direct consequence of 9/11.

Over the years I have reported the findings of scientists, engineers, and architects that indicate that the official story is false. I had an open mind for two reasons. One is that having been an engineering student, I could tell the difference from a building falling down from asymmetrical structural damage and a building blowing up.

The other is that having been involved in policy issues in Washington for a quarter century I knew that such a humiliating defeat suffered by the world's only superpower at the hands of a few Muslim terrorists would have brought instant demands from the White House, Congress, and media for investigation into how every aspect of the American national security state failed simultaneously on one morning.

Instead the White House resisted the 9/11 families demands for an investigation for one year and never delivered a forensic investigation. Instead, the country was given a 9/11 Commission Report that was merely the government's official story of what happened.

No heads rolled. No one was fired or even reprimanded. To hold no one accountable for such a massive failure and humiliating defeat is not a believable response if the official 9/11 story is true.

Full article with MANY excellent links to the TRUTH about 9/11:


Paul Craig Roberts is right. It is not a coincidence that all but the wealthiest Americans of the Evil Parasites 'R' US class have. since the year 2000, massively lost economic ground along with the unconstitutional loss of freedoms that 9/11 enabled. Oligarchic asset stripping of a country, and simultaneous deliberate impoverishment and cruel oppression of the masses, always go hand in hand.

"You're Forecasting A Revolution" - Household Leverage Ratios By Wealth Distribution

Authored by Global Macro Monitor,

We are just starting to play with the wealth distribution data and will have much more coming your way.  What we have seen so far is shocking.

The distribution of wealth has deteriorated significantly over the past 20 years and is now so skewed toward the top that average U.S. household wealth is close to $1 million, though the median household wealth is only around $70k.

In fact, the aggregate level of wealth of the bottom 50 percent peaked in Q1 2000, the height of the dot.com bubble, and is down almost 10 percent in nominal terms.  Whereas, the aggregate wealth level of the top 1 percent is up almost 120 percent over the same period.


If  I brought a number or a forecast like that to my manager when I was a very young economist working on the World Bank’s capital flows model back in the day, he would say,

“You are forecasting revolution.”

Note the relative leverage ratio of the bottom 50 percent.  For several quarters after the GFC the bottom 50 percent, not all households but in aggregate, were technically insolvent, where debt levels were greater than the value of assets ( > 100 percent on the chart).

These data put the current political climate and debate around debt forgiveness in context. They also reflect the two-speed U.S. economy.

Stay tuned for some more shocking data.

Long pitchforks.


https://www.zerohedge.com/economics/youre-forecasting-revolution-household-leverage-ratios-wealth-distribution

Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

 

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