The Globalists Are Systematically Destroying America’s Middle Class

And not just America’s middle class!

The Globalists Are Systematically Destroying America’s Middle Class:

When people are dependent on the government they are much easier to control.  We are often told that we are not “compassionate” when we object to the endless expansion of government social programs, but that is not how the debate should be framed.  In America today, well over 100 million people receive money from the federal government each month, and the number of Americans that are truly financially independent is continually shrinking.  In fact, only 25 percent of all Americans have more than $10,000 in savings right now according to one survey.  If we eventually get to the point where virtually all of us are dependent on the government for our continued existence, that would give the globalists a very powerful tool of control.  In the end, they want as many of us dependent on the government as possible, because those that are dependent on the government are a lot less likely to fight against their agenda.

Back in 1992, the bottom 90 percent of American income earners brought in more than 60 percent of the country’s income.  But last year that figure slipped to just 49.7 percent.  The wealth of our society is increasingly being concentrated at the very top, and the middle class is steadily being eroded.  Surveys have found that somewhere around two-thirds of the country is living paycheck to paycheck at least part of the time, and so living on the edge has become a way of life for most Americans.

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Trump Tax Plan To Benefit “Top 1%” Most, Cost $2.4 Trillion, Middle Class To Pay More Taxes

Trump Tax Plan To Benefit “Top 1%” Most, Cost $2.4 Trillion, Middle Class To Pay More Taxes:

By 2027, under the Trump plan, taxes would rise for roughly one-quarter of taxpayers, including nearly 30% of those with incomes between about $50,000 and $150,000 and 60% of those making between about $150,000 and $300,000. Meanwhile, about 80% of the total benefit would accrue to taxpayers in the top 1 percent.

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5 Trends That Are Destroying The Middle Class In America

5 Trends That Are Destroying The Middle Class In America:

The middle class in America has been shrinking for decades, and our leaders seem powerless to do anything about it. Two years ago, the middle class became a minority in this country for the first time ever. In other words, the middle class now accounts for less than 50 percent of the population. But back in the early 1970s, the middle class made up more than 60 percent of the population. I have often compared being in the middle class to playing a really bizarre game of musical chairs. When the music stops playing each month, more chairs are being pulled out of the middle class, and most of us are just hoping that we will still have a chair for the next go around.

Earlier today, I came across a USA Today article that discussed some of the factors that are slowly but surely eviscerating the middle class. I am going to share four of those factors with you, and at the end I am going to add one extra one.

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Bye Bye Middle Class: The Rate Of Homeownership In The United States Has Hit The Lowest Level Ever

Abandoned-House

Bye Bye Middle Class: The Rate Of Homeownership In The United States Has Hit The Lowest Level Ever:

The percentage of Americans that own a home has fallen to the lowest level ever recorded.  During the second quarter of 2016, the non-seasonally adjusted homeownership rate fell to just 62.9 percent, which was exactly where it was at when the U.S. Census began publishing this measurement back in 1965.  This is not what a “recovery” looks like.  All throughout the Obama years, the percentage of Americans that own a home has gotten smaller and smaller and smaller.  The reason for this, of course, is that the middle class in America is dying.  Last year, we learned that middle class Americans now make up a minority of the population for the first time ever.  In order to have a high rate of homeownership, you need a thriving middle class, and you can’t have a thriving middle class without good paying middle class jobs.  This is why I write about the evisceration of the middle class so extensively, because the U.S. economy is systematically being hollowed out and most Americans don’t understand what is happening.

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Middle Class Destitution – A Devastating Tale From America’s Heartland

Middle Class Destitution

Middle Class Destitution – A Devastating Tale From America’s Heartland:

He had made the drive enough times to already suspect what he might find. Stride Rite had left Huntington for Mexico at the tail end of the recession; Breyers Ice Cream had closed its doors after 100 years. In the weeks after each factory closing in his part of Indiana, Lewandowski had listened to politicians make promises about jobs — high-tech jobs, right-to-work jobs, clean-energy jobs — but instead Indiana had lost 60,000 middle-class jobs in the past decade and replaced them with a surge of low-paying work in health care, hospitality and fast food. Wages of male high school graduates had dropped 19 percent in the past two decades, and the wealth divide between the middle class and the upper class had quadrupled.

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Pew Research Study – The American Middle Class Declined in 90% of Metro Areas From 2000-2014

Redistribution

Related info:

Oops! The Federal Reserve Admits QE Widens Inequality

“When a country embarks on deficit financing (Bush-Obamanomics) and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.
– Ron Paul

Quantitative easing = printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!!!

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
– Ron Paul

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
– John Maynard Keynes

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”
– Alan Greenspan


hunger-games

Pew Research Study – The American Middle Class Declined in 90% of Metro Areas From 2000-2014:

When you bail out financial criminals and predators, you get a criminal and predatory economy. If there’s one clear lesson from the 2008 crisis and its aftermath, that should be it.

– From last year’s post: Another Tale from the Oligarch Recovery – How a $1,500 Sofa Costs $4,150 When You’re Poor

The Pew Research Center recently released a fascinating study which showed what many of us already suspected, that the U.S. middle class has declined in 90% of metropolitan areas from 2000-2014, or in 203 of 229 areas studied.

The details are just as interesting as the headline, some of which will provide ammunition for those looking to spin the historic 21st century status quo plunder into something an resembling economic recovery. Specifically, Pew notes that:

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America Crosses The Tipping Point: The Middle Class Is Now A Minority

America Crosses The Tipping Point: The Middle Class Is Now A Minority:

Americans have long lived in a nation made up primarily of middle-class families, neither rich nor poor, but comfortable enough, notes NPR’s Marilyn Geewax, but this year – for the first time in US history, that changed. A new analysis of government data shows that as of 2015, middle-income households have become the minority, extending a multi-decade decline that confirms the hollowing out of society as 49% of all Americans now live in a home that receives money from the government each month. Sadly, the trends that are destroying the middle class in America just continue to accelerate.

The disappearing middle class is threatening American mega brands

H/t reader squodgy:

“Caterpillar, the Auto Loan default crisis & the BDI are the canaries in the mine, not bloody chocolate!”


consumer
(Feeding your kids such crap is killing them, literally.)

The disappearing middle class is threatening American mega brands:

The disappearing middle class is challenging many major American brands.

The Hershey Company on Wednesday reported flat sales for the most recent quarter and cut its profit outlook for the year.

Company executives blamed the disappointing results in part on the changing income landscape in the US.

“We think that consumer bifurcation has been an important driver,” Hershey CEO John Bilbrey said on an earnings call, referring to the growing gap between upper-income and lower-income consumers.

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A Member Of The Middle Class Responds To Jon Hilsenrath

bolognese sauce

–  A Member Of The Middle Class Responds To Jon Hilsenrath (ZeroHedge, June 3, 2015):

Reader Joe responds to Jon Hilsenrath’s “ironic and tongue in cheek” letter:

Dear Mr Hilsenrath and your Central Bank Team,

This is Joe from the disappearing Middle Class in America.  You asked me the other day to drop you a note if I felt that something was wrong.  What I’m having trouble with is “why” you’re asking me if anything is wrong!  ?

So let me explain.

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Japan Shocked To Find Abenomics Is Destroying Its Middle Class

“When a country embarks on deficit financing and inflationism (=quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

Quantitative easing = printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!!!

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
– John Maynard Keynes

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”
– Alan Greenspan

Aaaaand Japan has a debt-to-GDP of over 400%!!!

This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%


helicopter-shinzo-abeShinzo Abekuroda_0

Japan Shocked To Find Abenomics Is Destroying Its Middle Class (ZeroHedge, April 8, 2015):

In central planner “mission accomplished” news, the wealth divide in Japan is growing under Abenomics and middle class citizens are at risk of falling into poverty, The Japan Times says. Despite nightly sound bites from Kuroda, Aso, and Abe himself designed to assuage fears that the country’s gargantuan monetary experiment may yet fail to pull Japan out the deflationary doldrums, some people are getting impatient as the number of households on welfare continues to rise as does the number of nonregular workers. This comes on the heels of the rather amusing news that the country’s Labor Ministry had fabricated a year’s worth of data on wage growth (it turns out there was none) and after countless warnings from us that the PM’s policies would end in spactacularly bad fashion (see here, here, and here for instance).

Here’s more:

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Obama & The Middle Class

Obama-Middle-Class

Source: Townhall

Flashback:

Obama: “I’m a warrior for the middle class” (CBS News, Sep 22, 2011):

President Obama took his jobs plan to the people of Ohio on Thursday, urging a rowdy audience in House Speaker John Boehner’s home state to help him “pass this bill!” – and proclaiming to the crowd that “I’m a warrior for the middle class.”

Mr. Obama, speaking in front of Cincinnati’s Brent Spence Bridge, specifically called on Boehner and Senate Minority Leader Mitch McConnell to help pass his jobs plan and “help rebuild America.”

Reality:

27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama

The Death Of The American Dream In 22 Numbers

Senator Bernie Sanders Releases Media-Censored Statistics – These are the FACTS (Video)

H/t reader M.G.:

 “Probably underwritten by the US thugs for hire.

In the meantime, here at home……………….”



14.08.2013

via Brascheck TV:

Senator Bernie Sanders is one of the few politicians in Washington who speaks the truth unapologetically. In this powerful short speech, Sanders speaks what the conscience of the American people is certainly thinking… This nation is an oligarchy, and our income distribution is worsening every day. At least we can take pride in knowing that one elected representative in Washington may actually be representing the American people.

The Death Of The American Dream In 22 Numbers

Abandoned-Home

The Death Of The American Dream In 22 Numbers (End of The American Dream, Jan 29, 2015):

We are the generation that gets to witness the end of the American Dream.  The numbers that you are about to see tell a story.  They tell a story of a once mighty economy that is dying.  For decades, the rest of the planet has regarded the United States as “the land of opportunity” where almost anyone can be successful if they are willing to work hard.  And when I was growing up, it seemed like almost everyone was living the American Dream.  I lived on a “middle class” street and I went to a school where it seemed like almost everyone was middle class.  When I was in high school, it was very rare to ever hear of a parent that was unemployed, and virtually every family that I knew had a comfortable home and more than one nice vehicle.

But now that has all changed.  The “American Dream” has been transformed into a very twisted game of musical chairs.  With each passing year, more people are falling out of the middle class, and most of the rest of us are scrambling really hard to keep our own places.

Something has gone horribly wrong, and yet Americans are very deeply divided when it comes to finding answers to our problems.  We love to point fingers and argue with one another, and meanwhile things just continue to get even worse.

The following are 22 numbers that are very strong evidence of the death of the American Dream…

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Super Rich Oligarchs Plan Their Escape From The Impoverished Pleb Masses

As a side note:

Obama is NOT ‘blurting out’ any ‘meaningless phrases’ in his speeches. They all serve a purpose:

President Obama’s Commencement Speech Exposed For What It Is: Latest State Of The Art MASS HYPNOSIS, Using The Techniques Of Dr. Milton Erickson, M.D.

PDF: Obama’s_Use_of_Hidden_Hypnosis_techniques_in_His_Speeches

Not meaningless, just evil.

Related info:

Manchurian Candidate: Elite Puppet Mind-Control ‘Presidential Model’ Barack Obama


As the Middle Class Evaporates, Global Oligarchs Plan Their Escape from the Impoverished Pleb Masses (Liberty Blitzkrieg, Jan 26, 2015):

The middle class has shrunk consistently over the past half-century. Until 2000, the reason was primarily because more Americans moved up the income ladder. But since then, the reason has shifted: There is a greater share of households on the lower rungs of the economic ladder.

– From yesterday’s New York Times article: Middle Class Shrinks Further as More Fall Out Instead of Climbing Up

At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said.

– From the Guardian’s article: As Inequality Soars, the Nervous Super Rich are Already Planning Their Escapes

So the other day, President Barack Obama once again demonstrated his contempt for the American public by using his State of the Union address to pejoratively blurt out meaningless phrases such as “but tonight, we turn the page” and: “The verdict is clear. Middle-class economics works. Expanding opportunity works. And these policies will continue to work, as long as politics don’t get in the way.”

Sorry, but why are “we turning the page” tonight? Weren’t you elected over six years ago? Why didn’t you turn the page in 2009?

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Spot The Trend: The Richest 1% Are About To Own Over Half Of Global Wealth

Looters At The Fed
Source

Spot The Trend: The Richest 1% Are About To Own Over Half Of Global Wealth (ZeroHedge, Jan 19, 2015):

Still not clear? The following two charts should help:

Wealth-Pyramid

Wealth-Pyramid-2

In short: the rich get richer; the poor get poorer, and the middle class is going extinct.

What happens next?  The NYT explains in “Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

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27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama

27-Facts-That-Show-How-The-Middle-Class-Has-Fared-Under-Barack-Obama

27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama (Economic Collapse, Jan 18, 2015):

During his State of the Union speech on Tuesday evening, Barack Obama is going to promise to make life better for middle class families.  Of course he has also promised to do this during all of his other State of the Union addresses, but apparently he still believes that there are people out there that are buying what he is selling.  Each January, he gets up there and tells us how the economy is “turning around” and to believe that much brighter days are right around the corner.  And yet things just continue to get even worse for the middle class.  The numbers that you are about to see will not be included in Obama’s State of the Union speech.  They don’t fit the “narrative” that Obama is trying to sell to the American people.  But all of these statistics are accurate.  They paint a picture of a middle class that is dying.  Yes, the decline of the U.S. middle class is a phenomenon that has been playing out for decades.  But without a doubt, our troubles have accelerated during the Obama years.  When it comes to economics, he is completely and utterly clueless, and the policies that he has implemented are eating away at the foundations of our economy like a cancer.

The following are 27 facts that show how the middle class has fared under 6 years of Barack Obama:

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The Destruction Of The Middle Class Is Nearing The Final Stages

From the article:

“There are three lessons that many people will learn in the coming months. If you do not have it already you may not be able to get it. If you do not have it physically in your hands you do not own it. If you cannot protect it you will not have it for long.”


R.I.P.-Middle-Class

The Destruction Of The Middle Class Is Nearing The Final Stages (Project Chesapeake, Dec 17, 2014):

The events of the past few months seem astounding when taken in all at once. The plan to destroy the U.S. dollar and the American middle class is moving at an ever increasing speed.

At the recent G20 meeting the nations agreed that bank deposits would no longer be considered money. These bank deposits become the property of the banking institution and as such can be used any way the bank wants. This means that any money you deposit in a bank now is no longer yours but makes you an investor in the bank and subject to lose that money if a banking crisis takes down the bank.

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American Middle Class ‘Wealth’ Worse Than Every Nation But Russia & Indonesia

middle-class

–  American Middle Class “Wealth” Worse Than Every Nation But Russia & Indonesia (ZeroHedge, Nov 7, 2014):

One of Liberty Blitzkrieg’s most popular posts in 2013 was titled: How Does America’s Middle Class Rank Globally? #27. Here’s an excerpt:

We are number 1 right? USA! USA! No one can beat our wealth creation machine, our economic dynamism, our level playing field and our bastions of higher education. We have a middle class that is the envy of the world, right?

Well, like so much of the “American dream” we have been force fed for a generation or more, this perception is not based in reality whatsoever. Sure it may have been the case for a couple of decades immediately after World War 2. Before the military-industrial-Wall Street complex fully took over the political process, but it certainly isn’t true any longer. Myths die hard and this one is particularly pernicious because it prevents people from changing things.

The data in that article was based on a comprehensive study published by Credit Suisse titled Global Wealth Data Book. Well, the 2014 version is now out, and the results are not pretty.

Paul Buchheit has crunched the numbers, and highlighted some of his conclusions here. Here is some of what he found:

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Quantitative Proof The Fed Is Destroying The Middle Class

Quantitative Proof The Illuminati Banksters Are Deliberately Destroying The Middle Class


Federal-Reserve-Bernanke1

Quantitative Proof The Fed Is Destroying The Middle Class (Voices of Liberty, Sep 19, 2014):

Listening to pundits on television, one would think we’ve found a magical species of leprechauns that piss gold rainbows amongst the masses and so we need never again worry about the economy, the markets and whether or not things are improving. And looking at the market’s six-year run to all-time highs, perhaps such euphoria is warranted.

I mean, isn’t the market supposed to be a highly efficient gauge of the underlying economy? The market is a function of expected future cash flows based on demand, supply and productivity. If true, and if the market is at all-time highs, then things must be good, correct?

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