The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label poor. Show all posts
Showing posts with label poor. Show all posts

Thursday, September 24, 2015

Thanks to global inflation and stagnant wages, more people in poverty despite rise in standards

As a former Treasury Secretary to Richard Nixon once said to the rest of the world after the dollar was removed from the gold standard, “The dollar is our currency, but it is your problem.”  And in the years following the dollar morphing into a purely fiat form of money, the world has experienced this omen in great measure as the U.S. has exported its inflation to other locations as it expanded the money supply to astronomical levels.
And it is because of this inflation factor, coupled with a global wage stagnation that facilitated a decline in purchasing power, that has helped create more poverty around the world, despite the fact that the World Bank just raised the bar on what it considers poverty wages.  On Sept. 24, the World Bank modeled a new raising of the bar from $1.25 earned per day to $1.90, which would increase the categorized number of poor people around the world by hundreds of millions.

Read more on this article here...

Friday, August 24, 2012

Poverty levels no longer relevant as more Americans crash through economic barrier

For decades, the government determined poverty level was the standard for many economic policies legislated regarding welfare, tax breaks, and cultural divides.  But since the 2008 credit crisis, the number of Americans crashing below the poverty level is increasing so hard and fast, that poverty is now the new norm.


Chart courtesy of the Census Bureau, AP, and Zerohedge

 "the number of Americans with incomes at or below 125 percent of the federal poverty level - the income limit for qualifying for legal aid - is expected to reach an all-time high of 66 million this year. A family of four earning 125 percent of the federal poverty level makes about $28,800 a year, government figures show." - Associated Press via Zerohedge

The result is the systematic loss of the Middle Class in America, and the dependence of nearly 20% of all Americans on the government just to survive.  As this accelerates, the U.S. will quickly turn into a nation worse off than Spain or Greece, as the debt needed to sustain the welfare model will dwarf GDP in exponentional moves.

Tuesday, February 14, 2012

Poor in America growing as government forgets those who lost jobs and homes

There has always been homeless in America.  From the mentally ill and unstable, to military veterans who could not cope with society upon their return, to those who simply chose to not live according to the regimented structure of the economic paradigm.

In a new expose by the BBC on February 13th, the media takes a look at the poor in America, and how many are simply victims of the economic destruction that has taken place since the credit crisis, bursting of the housing bubble, and the sheer lack of opportunities in the once wealthiest nation in history.



Video courtesy of Leenicklen

Monday, January 23, 2012

The State of the Union is poor in Americans trust of the government and the economy

Tomorrow night is President Obama's State of the Union address, and the state of the union is poor.  At least according to a new Gallup poll on how Americans feel the government is dealing with the economy.

"As President Barack Obama prepares his annual address to Congress, Americans are broadly dissatisfied with the state of the nation in several specific issue areas, with satisfaction down sharply in some cases since January 2008. However, three issues -- the nation's economy, the size and power of the federal government, and the moral and ethical climate in the country -- fit both of these unwelcome criteria." And with the only response the administration has in the past three years consisting of either printing more money which sends all assets, especially energy, higher in price, or fiscal stimulus of which 90% and more is lost due to inefficiencies and corruption, we don't see satisfaction rising any time soon. - Zerohedge





2012 may not be the end of the world according to the Mayan Calender, but it is well on its way to being the end of American domination in the global economy.

Thursday, December 15, 2011

Rich get richer: Executive bonuses back up in 2011

Is it any wonder why Occupy Wall Street took off earlier this year when it appears once again the top executives for US corporations will be receiving higher, and even record bonuses?

Chief executive pay has roared back after two years of stagnation and decline. America's top bosses enjoyed pay hikes of between 27 and 40% last year, according to the largest survey of US CEO pay. The dramatic bounceback comes as the latest government figures show wages for the majority of Americans are failing to keep up with inflation.
America's highest paid executive took home more than $145.2m, and as stock prices recovered across the board, the median value of bosses' profits on stock options rose 70% in 2010, from $950,400 to $1.3m. The news comes against the backdrop of an Occupy Wall Street movement that has focused Washington's attention on the pay packages of America's highest paid. - Gaurdian UK

With new census reports showing 1 in 2 Americans are considered poor, or in poverty, the rise of protest and rebellion agains the elite will only increase and perhaps lead to more violence in what is shaping up to be a tumultuous 2012 forecast.

Monday, October 31, 2011

The 10 major reasons why the elite hold disdain for the common man

The Economic Collapse blog did a wonderful comparison of 10 reasons why the 1%ers have a such a disdain and disgust for the other 99% of Americans.  The following stories, topics, and links show that underlying riots taking place with the Tea Party and Occupy groups are not simply fly by night affiars, but a growing schism that will not end quickly.

#1 According to an article in The New York Times, poor families that lost their homes to foreclosure were openly mocked during a Halloween party thrown by the law firm of Steven J. Baum. This particular law firm represents many of the largest mortgage lenders in the United States....
#2 To many on Wall Street, the OWS protests are one big joke. In fact, Wall Street executives have been spotted sipping champagne while watching the Occupy Wall Street protests from their balconies.

#3 In response to the Occupy Chicago protests, signs were put up in the windows of the building where the Chicago Board of Trade is located that spelled out this sentence: "We Are The 1%".
#4 Many columnists for major financial publications have had no fear of mocking the Occupy Wall Street protesters.

 
#5 Instead of attempting a balanced report on the Occupy Wall Street protests, Erin Burnett of CNN openly made fun of them during a recent broadcast. After being a stalwart on CNBC for so many years, Burnett has very close ties to Wall Street and apparently she does not like anyone criticizing her friends. You can see video of Burnett mocking the Occupy Wall Street movement right here.

#6 Barack Obama continues to mock the poor by telling them to cut back on vacations and little luxuries like going out to eat while at the same time sending his own family out on incredibly expensive vacations.

#7 Republican presidential candidate Herman Cain recently declared that anyone that is unemployed or poor in America should only blame themselves....
 
#8 Sometimes our politicians are so insensitive that it is almost hard to believe. In an interview with George Stephanopoulos of ABC News while she was still the Speaker of the House, Nancy Pelosi stated that we need poor people to have less children because it costs the government so much money to take care of them....
#9 Warren Buffett has some interesting observations on class warfare. He is one of the few wealthy Americans that is willing to say what everyone else is thinking. Back in 2006, Buffett was quoted as saying the following in an article in The New York Times....
“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”
#10 Every single day, our "representatives" in Washington D.C. are living the high life at our expense. It is amazing that out of the entire population of the United States, we continue to overwhelming elect rich people to Congress. As I noted in a recent article, more than half of all the members of Congress are millionaires, and the median wealth of a U.S. Senator in 2009 was 2.38 million dollars.- The Economic Collapse