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 middle class. Show all posts
Showing posts with label middle class. Show all posts

Friday, June 3, 2016

Payday loans: American workers can now owe their souls to the company store

A classic American song that originated in 1946, but was made famous by Tennessee Ernie Ford nine years later, speaks on American workers in the mining industry who were forced to use their wages in the mining company’s store, leaving them eternally in debt and eternally slaves to their jobs.  And while this song’s origins come from a real time in America’s history, as usual that same history is coming back today in a whole new rhyme.
That is because due to the decline in overall wages since the late 1970’s, more American workers are being forced to borrow from ‘payday’ lenders just to make it from check to check.  And rather than see their employees borrow money from a third party agency, companies are now giving workers their own version of ‘payday’ loans at a modicum interest of only 6-18%.
soul
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Saturday, December 12, 2015

Since the dollar left the gold standard in 1971, the U.S. has lost nearly 20% from the ranks of the middle class

The power to print money is the power to move wealth in whatever direction a bank, institution, or agency chooses.  By increasing a money supply, you move wealth upwards towards a small group of individuals that are financially and politically set to reap the benefits of asset price inflation.  And likewise, if you decrease that same supply of money, you tend to move wealth downward as asset prices sharply decline, and prices for products and services become beneficial to those who save money rather than invest in paper.
And as the Middle Class in America continues to decline in the shadow of the central bank’s unprecedented increase in the nation’s money supply, a new study from the Pew Institute parallels the fall of the middle class since the year 1971, and in particular, when President Nixon took the U.S. off the gold standard.

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Wednesday, October 14, 2015

Xi Jinping’s economy beats Obama’s economy in helping the middle class

Politicians always like to use words like ‘middle class’ and ‘helping working families’ to win elections, and try to deceive voters on what their true agendas really are.  And while U.S. President Barack Obama has tried to take credit for how he saved the economy and brought America back from the brink of the 2008 credit crisis, the fact of the matter is he has destroyed the middle class, and has dropped prosperity levels for tens of millions of Americans down to levels not seen in 50 years.
But in an ironic turn of the coin, one formerly pure Communist country has done just the opposite, and on Oct. 14 a new report from Credit Suisse shows that the Far Eastern powerhouse now has more of their people moving into the Middle Class than the U.S. does.

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Friday, May 8, 2015

UN reveals that not only would TPP trade agreement end middle class, but it will harm human rights across the globe

On May 6, a Senior official with the United Nations (UN) declared that the Trans-Pacific Partnership (TPP) would provide corporations unlimited power over nations and peoples, and give them cause to violate human rights across the globe in the pursuit of profit.
The Trans-Pacific Partnership is a secret trade agreement being forged by the United States government at the behest of multi-national corporations, and is already being deemed by some to be the catalyst for the end of the Middle Class as we know it.
 
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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.