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 poverty. Show all posts
Showing posts with label poverty. 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...

Wednesday, September 16, 2015

As the Fed weighs the merits of raising interest rates, poverty in America now at record levels

With a former tech giant announcing yesterday that they are laying off another 30,000 skilled workers, the writing is on the wall for just how much the economy has really recovered since 2008 under the great Fed experiment.  And while the central bank sits right now in a closed door meeting one day before they are to announce their most important policy direction in over five years, the fact of the matter is that whether they do or don’t raise rates will be a meaningless gesture to the over 46 million Americans who have not seen a drop of the vast trillions which have been poured into the economy over the past seven years, and who are a part of a record number of Americans living in poverty.
In addition to new poverty numbers released today by the Census Bureau, the median income for American households has also fallen back to levels not seen since 1989, when interest rates back then were above 10%, and the ability to afford a home and education were much more easily accessible.

Read more on this article here...

Thursday, September 10, 2015

Despite continuing ‘recovery’ propaganda, 14% of all Americans unable to afford enough food

When economic data is continually spun to protect a political agenda rather than performing the function of showing where actual problems lie, then you will always have contradictions that counter the intended message.  For example, how can a nation like the United States have only a 5.1% unemployment rate when it has been verified that nearly 93 million Americans within the age range of working years are not counted as either employed, or receiving benefits befitting the unemployed?  Or how inflation is denoted as being less than 2%, but the cost of food, rent, education, and healthcare have all skyrocketed by a minimum of 30% over the past five years?
The answers of course lie in the fact that the perception of what is the economy has moved from production and earnings to that of investments and Wall Street, and why the line between the Ivory Tower and the ghetto is like that of a dystopian novel.  For as the 1% are now far richer than at anytime in human history, 14 times that number can’t even afford to eat nutritious food to sustain even the meagerest of lifestyles.

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.

Wednesday, July 25, 2012

American Poverty: After trillions spent on the war on poverty is it time for trillions more

Lyndon Baines Johnson is the father of the American welfare system.  His Great Society program, which has led to 10's of trillions spent to fight poverty in America, has finally reached its tipping point as new data from July 24 shows that percentage wise, more people are now living in poverty since the 1960's when the great program was implemented.



As world leaders finally begin to admit that we are smack dab in the middle of another Great Depression and the economy stands at the cusp of another earth-shaking collapse of the financial system, the US census reports that nearly 100 million Americans are now classified as living in poverty or are considered “near poor.”
That’s nearly 1/3 of our populace who are living in the worst economic conditions in nearly fifty years.

We haven’t seen these highs since the mid ’60s. That survey indicates the poverty level has grown from 15.1% to as high as 15.7% [since 2010], and it’s spreading at record levels to many socio-economic groups from unemployed workers, suburban families, to the poorest poor.

…More discouraged workers are giving up on the job market and unemployment aid is running out. They found that the suburbs are seeing an increase in poverty…

 Those experts surveyed also predict poverty will remain above the pre-recession level of 12.5% for many more years. - shtfplan.com
With deteriorating currencies, and a potential drive to deflation on the horizon for Americans, all that one can say is, the worst laid plans of mice and bleeding heart politicians.

Thursday, May 24, 2012

Detroit: Turn out the lights because the party is over

For decades, the City of Detroit was the paragon of industry and production in the U.S., but now, it is a shell of its former glory.  Population flight, industry moving offshore, and a massive budget deficit has now led legislators in the once proud city to cut city light services to half of the municipality.



Detroit, whose 139 square miles contain 60 percent fewer residents than in 1950, will try to nudge them into a smaller living space by eliminating almost half its streetlights.

As it is, 40 percent of the 88,000 streetlights are broken and the city, whose finances are to be overseen by an appointed board, can’t afford to fix them. Mayor Dave Bing’s plan would create an authority to borrow $160 million to upgrade and reduce the number of streetlights to 46,000. Maintenance would be contracted out, saving the city $10 million a year. -  Bloomberg
With crime and poverty already on the rise, this move, while fiscally necessary, will only increase violence as the hot summer months come, and unemployed citizens seek the only avenues they have left since Government Motors moved out of town, and turned off their own lights.

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.