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One-Third of American Workers Pay Is Being Stolen. Here's How
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If you’re a member of the working class, 1/3 of your pay has been stolen from you.

You would think this would be front page news every day until the problem is fixed. Not only is that a huge amount of money for a huge portion of the country, but you would expect our left leaning media to be all over this. There is no better evidence that capitalism, at least in its current state, is failing. If the left actually cared about the working class, if the wave of cultural Marxism that has spread through academia and the media was actually about the plight of workers oppressed by a distant and uncaring elite, no fact would be repeated more often than this.

And yet, aside from a handful of articles – such as one from the New York Times in 2011, and another from The Atlantic in 2015 – the issue hardly gets mentioned by the media. And even when it is mentioned, it is often editorialized in a way that distorts the problem and hides its root cause, if not outright lied about by a media with an agenda that has little to do with helping actual workers.

The evidence for the theft of 1/3 of the working class’ pay comes primarily from a left wing think tank called the Economic Policy Institute, and comes from a comparison of productivity growth in the economy vs the average hourly pay of non-management workers. Their graph shows that worker pay increased steadily at basically the same rate at productivity from the 1948 until 1972. In 1972, productivity was up 92.2% from where it was in 1948 while the average worker’s hourly compensation was up 91.3%. From 1972-3, productivity rose to 97.0% higher than its 1948 value while pay fell to only 91.0% higher than it was in 1948. Productivity and pay both fell from 1973-4, but productivity rose again from 1974-5 while pay declined for another year, widening the gap between productivity and pay growth to over 10% for the first time since 1948, a gap which would never close again.

Pay then rose more slowly than productivity for the rest of the 70s, fell during the 80s and early 90s, grew slowly again during the dotcom boom of the late 90s when productivity grew far more rapidly, and stagnated again for most of the 00s. Then from 2008-09, pay rose sharply by almost 8% of its 1948 value. In other words, during the housing market collapse, when wealthy investment bankers were losing a lot of money (and before they got it back during the bailout), workers’ hourly compensation jumped up faster than productivity for the first time in decades – though not by nearly enough to close the gap, as productivity had risen by more than 100% more than pay by 2008. After the bailout, pay stagnated again, though according to many sources pay is increasing under Trump at a faster rate than it did for most of the past few decades.

However, for some reason, both the Economic Policy Institute’s current graph and the New York Times graph put a line through 1979 to divide the era of regular pay growth and pay stagnation, despite the gap having grown to about 15% by then. It would seem that 1972-3, when pay growth stagnated and then fell for the first time in decades, would be a better place to put the line – and indeed, that is where The Atlantic’s graph (and some older versions of EPI’s graph) put it. Is there a reason for this obfuscation?

There is, of course, some disagreement over EPI’s findings. Right wing sources like the Heritage Foundation claim that worker pay is actually rising at about the same rate as productivity. Their main disagreement with EPI’s findings is due to the fact that EPI doesn’t include management workers and self-employed professionals in their estimate of worker pay. When those groups are included, pay did in fact increase at almost the same rate as productivity – however, as the Heritage Foundation notes, only the top 20% of earners saw their earnings rise at a faster rate than productivity since the 70s, while the middle 60% saw far lower growth in their pay, so their findings are of little comfort to a majority of American workers, particularly the shrinking middle class.

One final analysis, this one from BLS data published by Pew Research and Statista, both of whom look only at wages and not productivity, actually suggests the situation may be even worse than EPI’s data suggests – where EPI shows wages grew by about 25% of their 1948 value from 1972-2018, Pew shows worker pay peaking in 1973, falling from the mid 70s through the mid 90s, and rising slowly from the mid 90s until now with a significant jump during the 2008 recession. According to Statista, 2019 was the first year wages rose above their 1973 value – by about $0.05 cents an hour in 2019 dollars.

Basically everyone’s data suggests the same thing. After seeing solid wage growth prior to the early 1970s, non-management worker pay stagnated from the mid 70s until the mid 90s, and rose more slowly than productivity from the mid 90s until now with the exception of one significant jump up during the housing market crash. The economic stagnation experienced by a solid majority of Americans, particularly the middle class, is the driving force behind a variety of economic, social, and political problems. It’s among the reason why many Americans eat too much cheap overprocessed food, why young people are burdened with debt to pay for degrees to qualify for more complicated and demanding jobs that don’t pay enough to pay off their student loans, and why more women are working outside the home and choosing not to marry as they can’t find husbands capable of supporting them. It’s the driving cause of both the left’s growing agitation for more socialist programs to make up for their lack of fair pay and the new right’s longing for a bygone era when the American economy was great because workers actually got paid what their productivity was worth. Finding the cause of this problem and solving it would relieve much of the growing polarization and political dissatisfaction that’s growing among people who are too young to remember an era when workers got real raises every year.

The left blames this problem on a variety of factors that have little relationship to the actual wage data, such as declining union membership and minimum wage laws that don’t keep up with inflation. Union membership has been declining since the early 1950s, so workers continued to get raises for the first two decades of declining union membership. And while minimum wage laws haven’t kept up with inflation since about the same time worker pay began to stagnate, that’s likely a symptom of the same problem rather than the cause. Nor can this be blamed on lower taxes on the rich, since this data looks at pre-tax income and 1/3 of your pay is being stolen before a single dollar of taxes is taken out.

The establishment right mostly tries to dismiss the existence of the gap, despite a variety of sources pointing to its existence and the Heritage Foundation’s admission that middle class has indeed seen their pay stagnate even as their productivity rose. It might be tempting for some on the right to blame the problem on immigration, and changes in immigration policy in the 1960s did allow for an increase in the number of immigrants entering the country, but growth in immigration was slow until the late 80s and early 90s. By that time pay had already been stagnant for a while, so immigration doesn’t seem to be the driving force keeping wages down, even if it may be a small factor. This doesn’t negate the many other reasons many Americans want more control over immigration, such as preventing criminals from entering our country and protecting our cultural values by making sure immigrants share those values before letting them in, but we must look elsewhere to explain why worker pay is stagnant.

Other theories include the rise of automation, increased female participation in the workforce, and corporate greed. Blaming automation implies that automation was not happening from the 1940s through the early 1970s, or was at least not significant enough to affect worker pay until then, and that it has happened much faster since the 70s. There’s no objective way to measure automation to test that theory, but as automation is one of the driving factors behind increased worker productivity, it seems like automation should be increasing the availability of goods and services to each worker. Shouldn’t automation result in an economy where most people can get more stuff for less work, rather than the same amount of stuff for more work? There’s no good explanation for why automation would result in stagnating worker pay, especially as jobs become more high tech and require a more educated middle class that should be able to demand higher wages relative to poorly educated and low skill workers. Instead, it is precisely that highly educated middle class who have taken the biggest hit to their wages. As for women in the workforce, much like the stagnant minimum wage, this appears to be more a symptom of a greater problem than the cause – the rise of second wave feminism in the 70s occurred as pay was stagnating, and was likely driven at least in part by women needing to work outside the home more to make up for their husbands’ stagnant pay. And considering the significant increases in productivity and automation, workers ought to be able to provide for their families without needing their wives to work as there should be more resources available per worker today than there were a few decades ago when fewer women worked outside the home. As for corporate greed, corporations were just as greedy from the 1940s until the early 70s as they are today, and simply blaming greed does nothing to explain how the elite are able to siphon more money out of the economy today than they did decades ago. A better explanation is needed.

There was a major change in the way our economy is run that occurred in the early 1970s, just before worker pay stopped growing. That change occurred in 1971, just before pay stagnated from 1972-3. From 1944-1971, an international monetary agreement called Bretton Woods tied the value of the dollar (and many other currencies around the globe) to the value of gold, limiting the Federal Reserve and banking industry’s ability to manipulate the money supply. During the Bretton Woods years, changes in the money supply and value of the dollar were primarily driven by market forces rather than by the decisions of bankers and economic elites. The Bretton Woods years overlap so perfectly with the period when worker pay kept up with productivity growth that the glaring lack of any mention of it by any of the think tanks and media outlets – left, right, or center – that have written about the gap between pay and productivity says a lot about the dishonesty of our media and academics.

Is Federal Reserve policy really capable of causing such a major economic shift? It certainly seems to be. Consider a recent study from economist Brian Barnier of FedDashboard.com that found that over 90% of stock market price fluctuation since 2008 has been due to Fed policy. If the Fed can cause that much of a shift in the market, it’s likely that the Fed can cause a lot of other changes too. That same study found that from the end of WWII until the early 70s, GDP growth caused most of the change in the stock market – as it would normally be expected to. Then, in the mid 70s, the growth of debt based spending – enabled by the end of Bretton Woods which gave the bankers much greater ability to expand the money supply through loans – became the biggest factor in the stock market’s movement, causing a solid majority of stock market movement over the next few decades, first through the expansion of consumer debt and credit cards, then by business loans and mortgages. Fiscal policy, primarily set by the Fed, has been the driving cause of stock market movement since shortly after the end of Bretton Woods, rather than market forces which were the driving cause of market changes under Bretton Woods. And the worst drop in worker pay came during the 1980s when Paul Volcker, who said that helping end Bretton Woods while he worked in Nixon’s Treasury department was the most important decision of his career, was chairman of the Federal Reserve.

It’s clear that Bretton Woods and the era when supply and demand ruled the market coincided with the steady rise of worker pay, while the era of Federal Reserve policy dominating the market has coincided with stagnant worker pay and wealth redistribution to the rich. Whether this is due to inflation, as workers who aren’t as economically savvy as management and owners won’t always realize that a raise that’s equal to or less than inflation is not actually a raise at all, or due to the direct creation of wealth within the banking industry and by members of the investor class through fractional reserve banking and other tools enabled by the Fed, or a combination of those and other factors is not entirely clear, but it is certainly clear that there is a strong correlation between central bank meddling in the economy and stagnating worker pay. This justifies far more investigation, and we may not have all the answers to how the rich are gaming the system and screwing the working class without a full audit of the Federal Reserve. But there are two more questions we can ask now without waiting for that audit that may help shed light on who’s responsible for the problem: who has been in charge of Federal Reserve policy for the past few decades, and where is the money going?

Remember that it was Paul Volcker who was both instrumental in ending Bretton Woods, enabling the rise of the Fed’s dominance of the economy and redistribution of wealth, and who oversaw the largest decrease in worker pay in the past half century. There’s one other thing you need to know about Paul Volcker, something that will help answer the question of who controls Fed policy and where the money is going. Paul Volcker shares something in common with four other recent Federal Reserve chairs during the period of wage stagnation and with an extremely disproportionate number of billionaires – Volcker was hereditarily (though not religiously) Jewish. Arthur Burns, who became chairman of the Federal reserve in 1970, the year before Volcker convinced Nixon to end Bretton Woods, was the first Jewish Federal Reserve chairman since World War 2 and ran the Fed through most of the 70s. Volcker took over the Fed in 1979 and was followed by three more Jews in a row: Alan Greenspan, Ben Bernanke, and Janet Yellen. While it may be tempting to blame ties to corporate or banking interests instead, only Volcker and Greenspan had any history of working in corporate banking prior to working at the Fed; Burns, Bernanke, and Yellen had mostly academic and government advisory experience before their appointments to Federal Reserve chair. Last year, Trump appointed the first non-Jewish Fed chair since the 1970s, and that year was one of the best years for wage growth since the 1970s.

Just how wealthy have the Jews become while controlling our central bank, the most powerful financial regulatory agency in the country? Most estimates of Jewish wealth (including Jewish sources) find that over 1/3 of American billionaires are Jewish in a country that is less than 2% Jewish, meaning you’re roughly 20 times as likely to be a billionaire if you’re Jewish than if you’re not. That overrepresentation is even greater at the top, where 5 of the 10 richest Americans are Jewish according to the Times of Israel. Coincidentally, Jews are overrepresented among the billionaire class by about the same amount as the portion of the working class’ pay that’s missing from their checks. And according to one estimate, Jews were 23% of the billionaire class in 1987; that year, workers were losing about 20% of what they should have been getting paid based on their productivity according to EPI, about the same percent as Jewish overrepresentation among the billionaire class. As the rich have gotten richer while the working class have gotten robbed, the rich have also gotten more Jewish.

Of course, not all Jews benefit from the Fed’s theft of the working class. Rather, it’s more likely that there is a Jewish financial cartel in much the same way there are Mexican drug cartels, an Italian mafia, Islamic sex slave grooming gangs and terror networks, and many other gangs whose identity is based partly on ethnic and religious affiliation. Volcker, as someone who both was and was not Jewish, was the perfect patsy – he was ethnically Jewish enough to be part of the tribe, but any backlash against him for his role in ending Bretton Woods and reducing worker pay could be deflected away from the Jewish financial cartel because he was a practicing Christian. Not all Jews have to be a part of this financial cartel for the people responsible for stealing 1/3 of the American working class’ pay to be Jewish, and those that aren’t should be just as upset about the actions of those that are as anyone else. While the idea of a Jewish financial cartel may come off as conspiratorial to some, two of the biggest news stories of the past year – Jeffrey Epstein and NXIVM – have been about Jewish billionaires (the Bronfmans in the case of NXIVM) running pedophilic sex slave trading networks which they used to blackmail and manipulate the rich, famous, and powerful. It’s not much of a stretch to assume that part of the reason why they needed those criminal networks was to help cover up an even bigger ongoing crime.

But it is possible, if unlikely, that there is no Jewish financial cartel. In that case, however, the resulting assumption seems much worse for the Jewish people – that five different Jewish Federal Reserve chairs simply happened to accidentally oversee the stagnation of the American working class’ pay as Jewish investment bankers capitalized on their fiscal policies after more than two decades of solid worker pay growth under non-Jewish Fed chairs. If that’s the case, a five for five record of screwing over the working class is more than enough evidence that Jews should never be allowed near the halls of financial power in the United States ever again. But, as many lower and middle class Jews are hurt just as much by the financial theft that’s been going on for decades, it would be far better to investigate the possible existence of the Jewish financial cartel and focus our attention on the people directly responsible for robbing a majority of Americans first, rather than directing our ire at all Jews.

Regardless of whether or not this Jewish financial cartel exists, a few things should be clear. First, the Federal Reserve needs a full audit and investigation to determine how corrupt the institution has become and whether they are directly enriching particular members of the billionaire class or just accidentally creating the kind of economy where rich and often Jewish investment bankers profit while the rest of us stagnate. Second, we need to seriously consider changing our monetary system, whether that means returning to a gold standard, a pseudo-gold standard such as Bretton Woods, or some other form of stable currency that limits the inflationary and wealth redistribution power of the banking industry. Third, Jewish control of our financial (not to mention political) institutions must be dismantled in much the same way our Jewish media and academics talk about dismantling white privilege, regardless of whether the problem turns out to be a specific criminal cartel comprised mostly of wealthy and powerful Jews or whether the problem turns out to be that the nature of the Jewish people is to manage the economy for the good of investment bankers and upper management, rather than for the good of the workers who produce and distribute the things we all rely on to survive and thrive. Americans deserve an economy that works for us as much as we work for it.

References

https://archive.nytimes.com/www.nytimes.com/imagepages/2011/09/04/opinion/04reich-graphic.html

https://www.theatlantic.com/business/archive/2015/02/why-the-gap-between-worker-pay-and-productivity-is-so-problematic/385931/

https://www.epi.org/productivity-pay-gap/

https://web.archive.org/web/20181031172537/https://www.washingtonpost.com/business/economy/us-workers-see-fastest-wage-increase-in-a-decade/2018/10/31/3c2e7894-dc85-11e8-85df-7a6b4d25cfbb_story.html?utm_term=.88db707904d5

https://www.heritage.org/jobs-and-labor/report/workers-compensation-growing-along-productivity

https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/

https://www.statista.com/chart/17679/real-wages-in-the-united-states/?fbclid=IwAR2yIA8p87o_LQSBdH8T4cOC8vPs-HWII8ngBGO3PukOFMttrP3yDDKA1iQ

https://www.dailysignal.com/2013/01/27/chart-of-the-week-union-membership-continues-to-decline/

https://www.migrationpolicy.org/programs/data-hub/charts/Annual-Number-of-US-Legal-Permanent-Residents

https://finance.yahoo.com/news/the-fed-caused-93–of-the-entire-stock-market-s-move-since-2008–analysis-194426366.html

http://feddashboard.com/one-force-drove-each-stock-market-boom-do-you-know-which#prettyPhoto

https://en.wikipedia.org/wiki/Paul_Volcker

https://www.ynetnews.com/articles/0%2C7340%2CL-3619625%2C00.html

https://en.wikipedia.org/wiki/American_Jews

https://www.takimag.com/article/jewish_wealth_by_the_numbers_steve_sailer/

http://racehist.blogspot.com/2013/04/2012-forbes-400-by-ethnic-origins.html

https://www.jta.org/2009/10/05/united-states/at-least-139-of-the-forbes-400-are-jewish

https://www.timesofisrael.com/5-jews-make-forbes-list-of-top-10-wealthiest-americans/

 
• Category: Economics • Tags: Federal Reserve, Inequality, Jews, Poverty, Workers 
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  1. anon[299] • Disclaimer says:

    Pretty gross, Ron. Is this the best content you can find these days?

  2. Much of foreign investment is aimed at tax dodging rather than job creation, study finds. Almost 40 per cent of global foreign direct investment ends up in empty corporate shells, often tasked with cutting companies’ tax bill

    There is a systematic tax theft ongoing, all under the auspices of Woke Capitalism. But don’t worry about this, let’s distract you about non-existing identity controversies on gender, trannies, homosexuals, race, religion etc. And people fall for it.

    • Replies: @Wally
    , @FedCarnage
    , @Anonymous
  3. anon[454] • Disclaimer says:
    @anon

    Do you have anything to contribute to the conversation? If you disagree with the article, you could try explaining why. Not having an actual argument is pretty gross, anon.

    • Replies: @Pandos
    , @Jim Christian
  4. The FED is a jewish banking cartel. It is not federal. Greenspan admitted on Charlie Rose that, “There is no government agency that has power over The Federal Reserve.”

    Ron Paul spent his entire career trying to end the FED and wrote a great book with that title.

    The FED causes a misallocation of resources, creates bubbles, funds wars for Israel.

    I suspect that the government and financial sector have played a huge role in the decline of the white middle class and our falling birthrates.

    I read “The Creature From Jekyl Island” many years ago and the story of the origin of the FED is quite fascinating.

  5. MarkinPNW says:

    It’s what started happening when Nixon took the US completely off the Gold standard, which facilitated the subsequent rise of the FIRE economy in place of real productive economic activity. While individual productivity continued to rise, the fruits of that productivity got sidetracked into excessive growth of the FIRE economy.

    p.s. Now that I’ve read the full article, I see I’m just giving a quick summary; the article just proves my point in much greater detail.

    • Replies: @Curmudgeon
  6. thinker says:

    What a dumb response, a “gross” article.

    Was something inaccurate/wrong that you saw?

    • Replies: @Wizard of Oz
  7. Unz will let any fucking idiot publish on this website(unless you make an article comparing La Raza and the Chicano movement to Nazism then he will call you a nut).

  8. Nik says:

    Another poor article

    • Replies: @gkruz
  9. Wally says:

    The claim that ‘Jews comprise just 2% of US population’ is preposterous.
    Not claiming to be ‘Jewish’ is the norm for Jews.
    Once again, the facts:

    [MORE]

    The alleged number of Jews appears to be complete nonsense. There are many, many more then they let on. Most Jews are not ‘religious’ so they do not say they are Jews in questions about religion. They consider themselves Jews nonetheless. They want you to think they are so few, helpless victims, when in fact they create massive resentment towards themselves by their owns actions.

    – Exclusive: Ethnicity option on next census could show 400,000 Jews in UK

    https://jewishnews.timesofisrael.com/exclusive-ethnicity-option-on-next-census-could-show-400000-jews-in-uk/

    The US Census is prohibited from counting ‘Jews’ and all US federal, state and local governments are similarly disallowed from ‘noticing’ Jewish formation and over representation.

    The Talmud states multiple times that it is forbidden to directly count the Jewish people. The clearest biblical source for this prohibition seemingly stems from the half-shekel payments made by each Israelite before the building of the Tabernacle.
    “When you take a census of the Israelite people… each shall pay the Lord a ransom for himself on being enrolled that no plague may come upon them…” (Exodus 30:12). While talk of ransom (kofer) implies protection from previous sins, most understand the payment as necessary to prevent harm from the census.
    https://www.jpost.com/Jewish-World/Jewish-Features/Ask-the-Rabbi-May-Israel-conduct-a-census

    According to Jewish law Jews are to avoid being counted.
    “To actually count Jews directly is forbidden (Talmud, Yoma 22b), as the prophet says: “And the number of the children of Israel shall be as the sand of the sea, which shall neither be measured nor counted.”
    http://www.chabad.org/library/article_cdo/aid/896203/jewish/Laws-of-Counting-Jews.htmand

    Why is it forbidden to count Jews?’
    http://www.israelnationalnews.com/Articles/Article.aspx/18472
    “This opening verse of our Biblical portion teaches that it is forbidden to take a number count of the Israelites, a census activity which Jewish organizations are constantly involved in doing. This prohibition is reinforced by the prophet Hosea (chapter 2), when he declares: “The number of the children of Israel shall be as the sands of the sea, which cannot be numbered and cannot be counted…” And historically even King David learned the bitter lesson of the power of this command, when- against the will of his Chief Commander Joab – he ordered a census, and the Israelites suffered a plague (II Samuel, 24).”

    This prohibition is reinforced by the prophet Hosea (chapter 2), when he declares: “The number of the children of Israel shall be as the sands of the sea, which cannot be numbered and cannot be counted…

    “I have seen all the (Jewish) works that are done under the sun; and, behold, all is vanity and a striving after wind. That which is crooked cannot be made straight, and that which is wanting cannot be numbered….” – Book of Ecclesiaste

    • Replies: @Malla
  10. Wally says:
    @anon

    Tell us what do you find wrong with it?

    • Replies: @Justvisiting
  11. Excellent article! The conclusions deserve much thought.

  12. Miro23 says:

    Basically everyone’s data suggests the same thing. After seeing solid wage growth prior to the early 1970s, non-management worker pay stagnated from the mid 70s until the mid 90s, and rose more slowly than productivity from the mid 90s until now.

    In the early 1970’s I remember the first Asian manufactured products starting to appear along with digitalization and the basic internet. The article could have highlighted the fact, since digitalization and the internet had a big part in making Asian outsourcing technically (and economically) viable.

    As the article points out, elites and their top managers did well, and from this POV, they would do well, since they were the ones capturing the extra profitability (Western sales prices less Asian manufacturing costs). It was their workers who lost out as local manufacturing was shut down. Agreed that mass immigration also put a downward pressure on wages.

    IMO Neoliberalism (economic liberalism) was the academic fraud that opened the political door to outsourcing – and it was Neoliberalism that allied with the extreme social liberalism of open frontiers (anti-racist), LGBT, Black/White guilt narratives etc.. Also agree that Jews were heavily involved in the “progressive” push for both types of liberalism and enabled the mass indebtedness (through the FED) that sustains it. If the government can’t cover its social spending (or the cost of its wars), it gets into debt, and if a person has a minimum wage job then they’re also heading into debt.

    • Replies: @Art
  13. Franz says:

    Productivity and pay both fell from 1973-4, but productivity rose again from 1974-5 while pay declined for another year, widening the gap between productivity and pay growth to over 10% for the first time since 1948, a gap which would never close again.

    The reason it happened right then and there:

    The oil “embargo” of 1973, totally politically arranged but giving all the big industrial firms an excuse to freeze wages, stop hiring, and eventually ship jobs overseas.

    As long as the “national bank” is a privately run corporation it cannot be fixed. It works for its members not for its nation. Keep in mind the steel and auto factories were owned by the same folks who run the Fed.

    The entire nation started the slo-mo drop to our current status as incipient Third World member in 1973. This isn’t really surprising: A fellow might have put a down payment on a house in 1955 with massive monthly mortgage payments like $140 and paid it off in funny money in the 1970s. Think of it as the “bonus” that many of the Greatest Generation got.

    Bur after them, the lines all go negative. And not all of them were in a position to take advantage of the near-hyperinflation of the post-Vietnam period. It is certain, though, that even adjusting for inflation, house payments in the Fifties were cheaper than renting a flop is now. The Reagan “boom” was a goldmine for suburban yuppies, everyone else got the shaft.

    • Replies: @MarkinLA
    , @obwandiyag
  14. Tom Welsh says:
    @anon

    “Gross” as in “distasteful”, yes. Horrible, frightening, astounding.

    But you can never solve a problem by pretending it doesn’t exist.

  15. @anon

    Oh, c’mon…. He didn’t mention “Rothschild” once. And he must know that his name is legion.

  16. Hail says: • Website

    Scott Alexander wrote about this in early 2019 — Wage Stagnation: Much More than You Wanted to Know:

    [MORE]

    1. Contrary to the usual story, wages have not stagnated since 1973. Measurement issues, including wages vs. benefits and different inflation measurements, have made things look worse than they are. Depending on how you prefer to think about inflation, median wages have probably risen about 40% – 50% since 1973, about half as much as productivity.

    2. This leaves about a 50% real decoupling between median wages and productivity, which is still enough to be serious and scary. The most important factor here is probably increasing wage inequality. Increasing labor-capital inequality is a less important but still significant factor, and it has become more significant since 2000.

    3. Increasing wage inequality probably has a lot to do with issues of taxation and corporate governance, and to some degree also with issues surrounding unionization. It probably has less to do with increasing technology and automation.

    4. If you were to put a gun to my head and force me to break down the importance of various factors in contributing to wage decoupling, it would look something like (warning: very low confidence!) this:

    – Inflation miscalculations: 35%
    – Wages vs. total compensation: 10%
    – Increasing labor vs. capital inequality: 15%
    —- (Because of automation: 7.5%)
    —- (Because of policy: 7.5%)
    – Increasing wage inequality: 40%
    —- (Because of deunionization: 10%)
    —- (Because of policies permitting high executive salaries: 20%)
    —- (Because of globalization and automation: 10%)

    • Replies: @Bill
  17. @thinker

    Well, one clue that the pastor hasn’t a clue and doesn’t deserve to have the chsnce to waste UR reades’ time is is his saying “fiscal policy, promarily set by the Fed”. He’s probably nevervhad a conversation in which he listened and understood even to a mere senior economics student.

  18. Hail says: • Website

    Volcker was hereditarily (though not religiously) Jewish

    Does the author have any source for this claim at all?

    Paul Volcker (b.1927)’s grandparents were all German(-born) Protestants; he was raised in a Lutheran church in the US, and as best I can tell remains a Lutheran today.

    This allegation that Volcker is Jewish seems baseless, frivolous, and self-discrediting.

    • Replies: @Pegasus
    , @Patricus
  19. Milton says:

    Defrauding workers of their just wages is one of the 4 sins that cries to heaven for vengeance. Coupled with her Zionist bloodlust and embrace of the Sodomite agenda, the kosher-approved theft of America’s working poor guarantees that Chastisement will come.

  20. Truth3 says:

    The largest reasons for wage suppression relative to worker value (productivity is a measure of it) has to do with the steady takeover by Jews of Corporate Boards and Management since the late 1960’s.

    Eastern Banks (largely Jewish owned or led) exerted their influence in Corporate America by forcing their nominees onto Corporate Boards of the firms they lent to, or bought shares (or were granted) of.

    Management became far more Jewish as the years progressed. In fact, without Jews in Management positions far in excess of representative ratios, Banks would simply not lend to ‘White’ corporations… and the Greenmail and other tactics of the 1970’s and 1980’s were largely attempts by Jews to hijack Companies outright.

    When CEO pay went from 10x worker pay to 100x or more, there was a reason for that… Jewish GREED. Boards authorized extravagant CEO and other top Management position pay increases beyond all reason, why? Jews were selected at a 10x to 50x higher proportion for those slots. Hey, what’s best for the tribe, right?

    Off shoring was largely a Jewish phenomenon. Financial Globalism, it’s Umbrella, is as well. Offshoring and Globalism suppresses American wages more than in any other country… by far.

    Lastly… Wall Street sucks the wealth from American workers in countless ways. I have known Capital Giant VP’s that spent their entire career raiding pension funds, or breaking up companies and throwing workers out by the millions to reap a few pennies on the dollar by selling off the main assets and looting the hidden ones. Who, do you think, dominated that practice? Jews.

    The Jews SUCK… in more ways than one.

    • Agree: Poupon Marx
  21. Parfois1 says:

    In my lay understanding about the decline of wages since the 1970s, it is necessary to look at the whole picture – not pick and choose individual factors which, on their own, are not necessarily the answer. Obviously, the FRB has the power to affect most of those factors (setting interest rates, quantitative easing, controlling the money supply, etc.). Obviously the predominantly Jewish financial institutions as the FRB, Treasury and banks have the power to affect those factors. Obviously, and ultimately, the US Government and Congress also have the power to affect those factors.

    Putting all together, the political system enables and promotes policies in favour of the corporate elite to the detriment of the wage-slaving working class. It has been so since aeons and it will never change until the wage-slaves assume the reigns of political power and enact policies for their benefit. Looking at the reasons for the diminishing purchasing power of wages is like missing the forest for the trees.

    After all, one does not need to look at macroeconomic data, flow charts and whatnots to understand that a class based society is necessarily ruled by the ruling class for its own benefit, not for the benefit of the ruled underclass of wage slaves. Therefore, the plutocracy in power today is doing what the previous ruling aristocracy did before, and before that what the Patricians of Rome and the Citizens of Greece did: using political power for selfish ends.

    Yes, there was a “golden era” of raising working class incomes from the end of WWII to the 1970s – the reconstruction boom in Europe and concomitant booming imports from the US. But that wage bonanza was predominantly due to the Cold War itself, namely to show off that Capitalism was capable of offering a decent wage to workers in order to tame the then popular appeal of Communism identified with the victorious USSR. Not to mention the shortage of the workforce following the carnage.

    By the 1970s, the war was a fading memory, the counterculture movement was in full swing, the politicians treated the people and countries as their fiefdoms, the neoliberal doctrines taking root in academia and government. No need to pretend anymore that governments cared for the people. The mask came off and brutal Capitalism revealed its true nature: voracious greed for the plutocracy and large sinecural bribes for the political stooges.

    • Agree: FB
    • Replies: @Sean
  22. @anon

    I take back my AGREE – meant to DISAGREE (I thought there was a way to do that within a certain period, Ron?)

    I agree with most of the article with a couple of exceptions. Immigration has been a BIG factor in the stagnation in real pay. Secondly, instead of “Jewish financial control” being dismantled how about just “financial control” period. Are you for sound money or not, Mr. Tripp?

    • Replies: @Dutch Boy
  23. skeptic23 says:

    Two facts are inescapably true:
    1. The Fed has run the wealth-transfer mechanism
    2. The identity of the people running the Fed

    • Agree: Agent76
    • Replies: @Agent76
  24. BuelahMan says:

    Well, finally, PCR is naming the jew. Almost. (I find it enlightening that comments are finally allowed for his posting… something I was banned from on his site long ago over this very subject)

    Here’s the problem with saying that not all jews are guilty: they WON’T do anything about the ripoff jews. No, they actually use them to build their own wealth. They stay silent as the rest of us are taken to the cleaner.

    One might think that they are worried that the bad jew will harm them, but obviously this is not the case.

    I understand why country after country, over 100 times has run them out. Time for another 1492. Run them out and let them have Israel. And the first time they pull their shit on their neighbor, bomb the shit out of them like they do Gaza.

    Also, the 2% must be a lie. There is a jew in every woodpile.

  25. anon[355] • Disclaimer says:

    Wally said: “The claim that ‘Jews comprise just 2% of US population’ is preposterous.”

    Actually, I think you’re wrong. According to a sample collected by the MyHeritage study, 3.5% of Americans have 25% or more Jewish DNA. This is about what one would expect if 2% of Americans were “Jewish” (assuming that Jews are about equally as likely as non-Jews to take a DNA test). (6 million Jews / 11.2 million at least 25% Jewish = 0.54. seems like a reasonable factor)

    https://blog.myheritage.com/2019/08/hungarys-secret-new-study-by-myheritage/

    The study also found that 7.6% of Hungarians who took the DNA test were of 25% or more Jewish descent (of 10 million total Hungarians), and 7.5% of Russians (of 144 million total Russians). If you used the American figures as proxy, assuming that Hungarian Jews are equally as likely as American Jews to take the test, you’d estimate that Hungary has a Jewish population of about 390,000 (0.54 * 9.7 * 0.076). However, a ‘Dr. Daniel Staetsky’ who was affiliated with the study, seems to have decided that this figure seemed far too high and concluded that Hungarian Jews were probably three times more likely than non-Jewish Hungarians to take the DNA test.

    As he explains:

    Dr. Staetsky suggests accounting for a degree of selectivity of MyHeritage users. Since commercial genetic testing is an activity where the most educated and well-to-do classes of a society will be over-represented

    However, no (or little) such ‘selectivity’ bias appears to have occurred in the USA. Of course, Eastern Europe could be different. But the evidence for why such a selectivity is so much stronger in Eastern Europe than it is in the USA isn’t given. In fact, the selectivity bias arguably doesn’t occur in the USA at all. (Granted, the USA is generally wealthier, perhaps flattening out differences.)

    Interestingly, while Russia claims to have a population of about 200,000 Jews, given that 7.5% of Russians were found to have 25% or more Jewish DNA, if Russian Jews are about as likely as non-Jewish Russians to take the DNA test, as appears true of the USA, then there would be about 5.8 million (0.54 * 144 * 0.075) ethnic “Jews” living in Russia today. If, however, you apply the same assumption that Staetsky applied to the Hungarian population, that Russian Jews are 3x as likely as non-Jewish Russians to take the DNA test, then there are about 1.93 million ethnic Jews living in Russia today; this figure is still far greater than the estimated 200,000 which you will see in official demographic statistics.

    Ultimately, you can’t know definitively unless the sample is representative of the general population. These samples are self-selected. It’s still interesting that the Jewish population in the USA is just about exactly what you would expect it to be given an official statistical estimate of 2% (with 3.5% as being 25% or more Jewish), wheres the Hungarian figure is about ten times larger than you would expect relative to official demographic statistics (40 thousand vs 400,000) and the Russian figure is 29 times larger (5.8 million vs 200 thousand).

    Perhaps Wally just lives in an area with a large Jewish population and this biases his perception.

    By the way, regarding the main article, I’m not sure that that single ynetnews article claiming Volker was of Jewish descent constitutes good evidence.

    • Replies: @anon
  26. Svevlad says:

    I got the solution – monetary value tied to labor. Like mister H did it. Basically eliminates any possibility of stealing workers pay

  27. Big Daddy says:

    Yes, Jews were grossly over represented at Jekyll Island in 1913 and in the leadership of the Fed since 1973. Conspiracy? Possibly. Probably?

    But it was Progressivism, the morphing of Puritans into secular busybodies and Americans accepting the Welfare-Warfare State that killed the Gold Standard.

    I have told my friends and written that the first platform plank of an honest presidential candidate must be the elimination of the Fed. Then bringing back the Gold Standard; declaring the Federal Gov bankrupt; and adopting Free Banking with 100% reserves.

    It would be a good start to crushing banking’s ripoff of our societal wealth and bringing back equality.

    But, of course, we started all wrong with a Counter Revolutionary Constitution. So our slow slide from Liberty to Fascism was baked in the cake.

  28. The rip-off of the American worker is actually much worse when you consider the IRA scam. Statistically, the average American employee has an accumulated $150,000 taken out of their salary over the course of their career to put into an IRA account for retirement savings. But those administrative management fees–the seemingly insignificant 1.5-2.5% that goes into Wall Street pockets–will add up to a whopping $75,000 over that same period of time.

    So the American worker is literally losing half of every dollar they save for their retirement. Wall Street is stealing their money, not managing it.

  29. Here is how:

    Nonwhite LEGAL IMMIGANS+The nonwhite US born Childen of nonwhite LEGAL IMMIGRANTS=a massive scale of nonwhite SCAB WORKERS……

  30. Sean says:

    American oil production peaked in 1970 and the Texas Railroad Commission, which had once controlled the international price of oil by limiting it, had to start all out production. Then OPEC or rather Saudi Arabia inflicted the oil crisis. The Fed, ridiculously overrepresented Jews notwithstanding, is an establishment institution that practices the received wisdom. I don’t see Nixon or his Fed choice as the prime mover against Bretton Woods, from what I have read it was more Germany that began the whole thing by refusing to devalue its currency, then American agreed with Saudi Arabia to standardize oil prices in dollar terms. The US made clear that the Saudi profits were put in US banks, or else. The modern trend since 17th Century John Law created a French proto-Fed, has been to see money as a means of exchanging value rather than a source of value in and of itself. The latter limits growth.

    Adam Curtis’s Destroy The Technostructure suggests the anti-establishment money juggler Michael Milken is a more likely culprit than the Fed. It is quite clear he gave corporate raiders access to capital. And they downsized to raise share price, which created a stock market boom. Like the wolves in Yellowstone making the herbivores too scared to eat properly, these predators (by now backed by the pension fund managers with fiduciary duty to get the best return on investment) profoundly affected the health of companies by forcing them to downsize. Here is JK Galbraith talking about the old technostructure that was destroyed. As far as I can see it was renegade Jews turned gurus with their own cult like followings that were responsible for the wrong direction. Milton Friedman laid the intellectual groundwork that Milken set his free money machine up on.

    https://www.forbes.com/sites/stevedenning/2013/06/26/the-origin-of-the-worlds-dumbest-idea-milton-friedman/#33ba3295870e

    Maximizing shareholder value thus turned out to be the disease of which it purported to be the cure. … [I]n the decade from 1980 to 1990, CEO compensation per dollar of net earnings produced doubled. From 1990 to 2000 it quadrupled.”

    While Jews doubtless disproportionately benefited from this I don’t see that as a strong enough trend to peg it as a plot by Jews as Jews. Probably a lot of cognitive dissonance involved among all COEs. Certainly not a lot of Jews among the workers that were being hammered by the new dispensation though.

    By that time pay had already been stagnant for a while, so immigration doesn’t seem to be the driving force keeping wages down, even if it may be a small factor. This doesn’t negate the many other reasons many Americans want more control over immigration, such as preventing criminals from entering our country and protecting our cultural values by making sure immigrants share those values before letting them in, but we must look elsewhere to explain why worker pay is stagnant.

    Whether or not that is true, it is a serious tactical error to admit it.

    While the idea of a Jewish financial cartel may come off as conspiratorial to some, two of the biggest news stories of the past year – Jeffrey Epstein and NXIVM – have been about Jewish billionaires (the Bronfmans in the case of NXIVM) running pedophilic sex slave trading networks which they used to blackmail and manipulate the rich, famous, and powerful.

    Epstein used some deception, but in 99.9% majority of cases those girls were not slaves, they went there understanding what was going to happen, were paid for what they did, and left with the money. Rich or powerful men can buy sex in third world countries (eg John McAfee) or get it free from a protege (eg the death of Nelson Rockefeller). Bronfman’s daughter was victimised by a con man cult leader. Heiresses often fall for very masculine, if not criminal, men. The resources are taken care of so their genes tell them to concentrate on seductive charisma a la Sexy Son hypothesis.

  31. Agent76 says:

    Jun 13, 2019 FAKE Money, FAKE Assets & FAKE Education…It’s ALL FAKE with Robert Kiyosaki

    We are living in a time that is increasingly becoming more difficult to determine what is real and what isn’t.

    April 26, 2019 $220,000 For Every Man, Woman And Child – America Is Now 72 Trillion Dollars In Debt

    Are you ready to cough up $220,000 to pay your share? One of the reasons why a day of reckoning for the U.S. economy is inevitable is because we are in way too much debt.

    http://www.informationclearinghouse.info/51503.htm

    May 21, 2013 Why the whole banking system is a scam

    Godfrey Bloom MEP • European Parliament, Strasbourg, 21 May 2013 • Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire)

    • Replies: @Voltara
  32. Patriot says:

    These things are complex, with multiple causes. For example, wage decline was also definitely caused by massive immigration into the USA, an ajenda largely pushed by Jews, against the wishes of American workers (but good for the Jews).

    I’ll illustrate with just one example: the construction industry in California. In the late 60s, early 70s roofers made around 8 to 12 Dollars/hr. This was a good salary – enough to be able to pay off a new 4-bedroom home in 15 yrs. During this time, because of civil rights, all the trades were hiring Africian-Americans, who were common on job sites.

    Then low-wage Mexican immigrants began pouring into California. Very quickly most roofing was done by these wage-slaves at $4 to $8/ hr. Some small jobbers paid as little as $2.50/hr off-the-books (no witholding, no taxes paid). Soon cheap Hispanic labour displaced most Whites and Africans from most construction jobs (except electrician, steel worker and jobs that required high IQ).

    This displacement (at lower salary) continued throughout the restaurant, hotel, landscaping, meat packing, carpet and furnature, and countless other industries, ruining the lives of many Blue-collar workers, especially Africian-Americans.

    This happend very quickly — over just 10 yrs.

    • Replies: @Patriot
  33. Agent76 says:
    @skeptic23

    This man knew this fact, “It is easier to rob by setting up a bank than by holding up a bank clerk.” Bertolt Brecht

  34. Pegasus says:
    @Hail

    Born to a Jewish family in New Jersey in 1927, Volcker attended Princeton University, Harvard and the London School of Economics. In January of 2008, he endorsed Barack Obama’s presidency bid and was his closest financial adviser.

    https://www.ynetnews.com/articles/0,7340,L-3619625,00.html

    Do you know what google is and how to use it? you gonna love it my man

    https://lmgtfy.com/?q=paul+volcker+jewish

    • Replies: @Wizard of Oz
  35. Sean says:
    @Parfois1

    [T]here was a “golden era” of raising working class incomes from the end of WWII to the 1970s – the reconstruction boom in Europe and concomitant booming imports from the US. But that wage bonanza was predominantly due to the Cold War itself, namely to show off that Capitalism was capable of offering a decent wage to workers in order to tame the then popular appeal of Communism identified with the victorious USSR. Not to mention the shortage of the workforce following the carnage.

    Yes a lot of people who dislike WALTER SCHEIDEL’s (and Piketty’s) conclusion that inequality rises during stability, have tried to say that it is the deficit financing of war’s deleterious consequences during the subsequent peace that are the problem.

  36. GGH says:

    Don’t know about the Jew stuff but there is no denying the wage gap. Karl Marx was a great believer in the Capitalist system’s ability to increase productivity to astonishing levels. However, he predicted the wage gap – just because the workers produce more doesn’t mean they will get more.
    I hear about the “Jew” but see no stratified data by religion – does any such data exist. I know a few relatively poor Jews and a few rich Jews but beyond a small local sample no real data base. I do see and know a lot of nonJewish business men – small and large – who will gladly take me to the cleaners whenever they can.

  37. The Democrats don’t care about wages since they kicked labor out of their coalition in favor of corporate bucks during Clinton’s second term. What the D’s are about now is hand outs. The Republicans have hated wages during my lifetime. I go back to Truman.

    Only the white portion of the working class is even mentioned in the manufactured narrative. And they are considered deplorable.

    The American working class knows not that they are working class. That’s why they are like a one legged man in an ass kicking contest in what is seldom identified as a class war.

  38. Brilliant article. After the fall of communism ruling investment class in west did become unchained, and the system went on the path of self destruction. The system did become finite.
    The dissolution of the system will be determined by national debt.

  39. Let us not forget that America saw Peak Oil in 1971. No, we didn’t run out of oil. We stopped growing our supply. That is enough to destroy our economic system that requires constant growth. Since all economic activity needs energy/resources, that was all it took to turn us down the road we are currently on. And for all you that get your “facts” from Glen Beck, fracking oil and gas is not energy growth. If it was our economy would not be crashing again. It lacks the NET energy of convention oil under pressure. I would argue that all the other issues being discussed were started by Peak Oil. Remember, the infrastructure we are still relying on was built over a century ago, and it was built from an oil bonanza. We don’t have but about 5-10% of that energy now trying to maintain all that. Which isn’t enough. Like slapping on a few solar panels to a rocket after the fuel ran out. Getting rid of Jews won’t help get back the oil. Your hopes, dreams and desires might be infinite, but the energy supply is finite.

  40. Pandos says:
    @anon

    He’s a jew just here to cause trouble – the jew eternal contribution.

  41. Anon[424] • Disclaimer says:

    https://www.veteranstoday.com/2019/09/21/vladimir-putin-new-world-order-hurts-the-us-middle-class/

    and the european middle classes too . In the last 40 years in Europe we have to work more and more for les and less .

  42. @Pegasus

    Indeed it seems probable that Hail did use Google and, instead of relying on an obscure Israeli source relied on Wikipedia and other sources which say, e.g.

    The 2004 biography by Joseph B. Treaster, Paul Volcker: The Making of a Financial Legend, says Volcker attended a Lutheran church on Sundays with his mother, while his father went to an Episcopalian church.

    A member of our nearest Teaneck synagogue who has written a new book about Volcker confirmed to us that Volcker is not a Jew. William Silber has published, Volcker: The Triumph of Persistence

    • Agree: Hail
    • Replies: @Hail
    , @Pegasus
  43. anon[454] • Disclaimer says:
    @anon

    Interesting info on the portion of the US population that is hereditarily Jewish. Less than 2% of the US is religiously Jewish but obviously both hereditary and religious Jewishness matter in this context.

    Ynet is an Israeli source so I’m inclined to believe their claim that Volcker is hereditarily Jewish but he was certainly a practicing Protestant (Lutheran) for most or all of his life.

  44. Greed was part of it, CEO’s began multiplying their raises at much higher rates than the workers. Plus, they started closing plants and sending the work overseas to the “slave” countries. Now, they are sending the slaves here to lower wages for the few remaining jobs. The elite class is like the French aristocrats just before the French Revolution. Out of touch, and hyper greedy. And yes, Central Banks should be illegal, every country should print their own money for free and not pay counterfeiters to print it with interest.

  45. Patriot says:
    @Patriot

    Massive immigration also destroyed standard of living by greatly inflating housing costs, crowding, and traffic.

    There were around 10 million people in California in the late 1950s. With low population and abundant cheap land a blue-collar worker could afford to buy a new 4-bedroom house close to the ocean for 4 to 6 x his annual gross Salary.

    Today there are 40 million people crammed into California, due mostly to foreign immigration. This influx increased compitition for housing, driving housing costs sky-high. Now a new 4-bedroom near the beach costs 20 to 100 x a blue-collar’s annual salary.

    This is what destroyed the lower and middle classes in Coastal California.

    • Replies: @Alden
  46. FB says: • Website

    Well…first the good part…

    This important reality of the fleecing of the average American family should be discussed far more widely…and should in fact be front and center of a healthy public debate…this, of course is not happening in the corporate controlled media…so it’s good to see this raised here…

    Second, the author makes a very insightful observation about how this issue goes bey0nd the artificial political divide of ‘left’ and ‘right’…

    The economic stagnation experienced by a solid majority of Americans, particularly the middle class, is the driving force behind a variety of economic, social, and political problems…

    It’s the driving cause of both the left’s growing agitation for more socialist programs to make up for their lack of fair pay and the new right’s longing for a bygone era when the American economy was great because workers actually got paid what their productivity was worth.

    He is also correct in underlining the timeline of the ‘shift’ in American socio-economic direction as happening in the late 1970s timeframe…[although he cannot really take credit for it, since the data is from the EPI…]

    But the EPI got it right…this ‘shift’ is clearly visible in a completely different measure…the share of national wealth, which begins a sharp upward climb at exactly this point in time…

    This chart from a 2014 study by researchers from Berkeley and The London School of Economics…

    The author is also correct in blaming the FED…no one in their right mind could disagree that this is a big part of the problem…

    But from there, things go downhill rather precipitously…

    First the author assumes there is just one problem, instead of many…

    This has no basis in any logic or objective evidence that is presented here…

    For instance the idea that low [or more realistically nonexistent] taxation rates on highly profitable corporations and extremely wealthy individuals plays no role in the upward wealth transfer that has occurred is preposterous on its face…

    The author himself mentions the skyrocketing executive compensation that we see in this timeframe…where is this largess coming from, if not the shop floor worker…?

    Then there is immigration which sole purpose is to create an excess labor pool…this is called labor arbitrage, and involves both importing workers AND ‘outsourcing’ jobs to low-wage offshore countries…large importation of visa workers is also in there…

    Astute economists like PCR have written volumes on these factors…and this is proved beyond doubt as a major driver of middle class decline…

    Pastor Tripp’s dismissing of the decline of unions is just as ridiculous…simple logic here…if unions are no hindrance to the ripoff of the worker, then why the decades long anti-union propaganda waged by the plutocrat class…?

    So we have actually a LOT of extremely negative factors at work here…not just the FED…

    Now it is true of course that the FED is a huge problem…but the FED is just the head of the monster…which is private banking and their monopoly on money creation by means of debt…[only private banks, which own the FED, are allowed to create money in the US…the government is legally allowed to only print paper money and mint coins, which accounts for one percent of the total money supply…]

    Micheal Hudson has already written volumes on this…it is an unsustainable Ponzi scheme due to the simple mathematics of exponential growth…

    Just like a Ponzi scheme is not sustainable…neither is an economy based on COMPOUND INTEREST…the mirror image of the Ponzi Scheme, by mathematical definition…

    The growth of interest-bearing debt simply outpaces the ability of the real, productive economy to keep up…that has ALWAYS led to collapse throughout history as prof Hudson’s incredible historical scholarship has proved beyond any doubt…

    We can tell we are in the final stages of this Ponzi economy collapse by the fact that the inflation figures are being so blatantly cooked in the last couple of decades…PCR has documented this quite thoroughly…there is no real GDP growth, and there has been none in a very long time…it’s smoke and mirrors…

    Also worth noting…in this same timeframe from the late ’70s onward…the rise of the financial sector [finance, insurance, real estate] has grown hugely as a proportion of GDP…

    But really this entire sector is extractive and speculative…ie a casino game that takes a built-in profit from the rest of the real economy and working people, so should actually be SUBTRACTED from GDP, not added in…

    Bottom line…the basic idea here about the FED is sound…it’s the center of the money machine that needs to be dismantled…and money creation and lending needs to be run as a public utility, as Ellen Brown has long argued very convincingly…

    China owns the money machine in its economy and has used it to lift hundreds of millions out of poverty, while the US has been going in the other direction…impoverishing a previously stable and relatively comfortable middle working class…

    As for the idea that it is just the one person at the chairmanship of the FED that is the ENTIRE PROBLEM…well that is just retarded…

    And the Jewish ‘cabal’…?…surely thinking people realize that parasites and psychopaths worship only at altar of Mammon…the money-craving flim-flam man is amply represented in the WASP, Latino, Black and every other ethnic and religious population…

    The entire essay is thus reduced to the credibility of the ‘Protocols of Zion’…

    It is ridiculous and COUNTERPRODUCTIVE to make such childish and fantastic conclusions about such a very real and dangerous systemic problem as the US Ponzi economy and the systemic ripoff of ordinary folks that THE ENTIRE SYSTEM IS BUILT ON…

    • Agree: bluedog
    • Replies: @Ilyana_Rozumova
  47. @Wally

    I am not the first poster, but my main issue with the article is this:

    The _purpose_ of the Fed is to make the rich richer. That is a feature, not a bug.

    • Agree: Agent76
  48. @BuelahMan

    Buelah, this article is by Paul Tripp, not Paul Craig Roberts. Mr. Tripp does not blame Jews as a whole, but he does call out these “cabals” of them. I don’t believe in big conspiracies that go on for centuries, but there sure are a lot of the same types involved in banking/finance.

  49. BTW, I answered my own question. One can wait the hour or so for another chance to AGREE/DISAGREE/LOL/etc, and then just mash a different one. Works great, Ron.

  50. Wally says:
    @Thulean Friend

    said:
    “There is a systematic tax theft ongoing, all under the auspices of Woke Capitalism. But don’t worry about this, let’s distract you about non-existing identity controversies on gender, trannies, homosexuals, race, religion etc. And people fall for it.”

    We haven’t see anything yet.

    Just wait until the Communists get hold of the energy sector via their fake “global warming”.

  51. Interesting article, but from the title one can back up a bit and say:

    Hey, Mr. Tripp, have you never gotten a pay stub? Your 1/3 is about the amount taken from a paycheck of someone in the mid-middle-class. Is that money not stolen too?

    15-20% to the Feds for whatever bullshit and distribution schemes they want to operate.
    5-10% to your State (thank God for Tennessee, Florida, Texas, Washington, etc..)
    6-8% for your SS “account” that you are forced to lose your ass on, and the medicare for our immigrant valedictorians.

    • Replies: @Alden
  52. Anon[946] • Disclaimer says:

    https://russia-insider.com/en/history/god-israel-bloodthirsty-vindictive-sociopath-does-explain-misanthropy-jews/ri24154
    Laurent Guyénot: “…the psychopathic behavior of Israel—understood both as a national state and as an international organized community—is the end result of the psychopathic ‘personality’ of the Jewish God portrayed in the Bible.”

    Trashing a white gentile West & beyond grassroots up is supposed to continue until enough is mired in chaos & crime, trashed & rootless, for psychopaths to claim it all? How long will their useful idiots live beyond ‘usefulness’? http://rense.com/general64/pordc.htm & https://www.naturalnews.com/2018-11-18-the-globalist-plan-to-exterminate-humanity-useless-eaters.html

  53. onebornfree says: • Website

    Paul Tripp says: “….The evidence for the theft of 1/3 of the working class’ pay comes primarily from a left wing think tank called the Economic Policy Institute, and comes from a comparison of productivity growth in the economy vs the average hourly pay of non-management workers….”

    Not that it really matters which political “side” produces the evidence, nevertheless, the statement is factually incorrect. “Right wing” economists, investment advisors etc. have, for many, many years tried to draw attention to the gradual [and 100% deliberate] loss of purchasing power of the $US, which was/is the inevitable [and unchangeable] result of the quasi-“private” government-protected socialistic monopoly money creation system known as the “Federal Reserve system”, which, contrary to the authors inferences, has almost nothing to do with free markets, nor with capitalism.

    As any fool knows, the $US has approximately 5% of the purchasing power it had prior to the creation of the Federal Reserve in 1913.

    And as can be seen in my graph, that loss of purchasing power pre-dates Nixon’s famous1971 renunciation of the US gold standard by a significant number of years.

    See: “Inflation,The Federal Reserve and The Consumer Price Index:
    http://onebornfreesfinancialsafetyreports.blogspot.com/2009/09/inflationthe-federal-reserve-and.html

    For a comparison analysis of just how much the Fed has deliberately undermined the purchasing power the $US from 1959 to 2013, under its various criminal chairpersons, see here: “Mr. Ben Bernanke: The Great[est] Inflator ?”:
    http://onebornfreesfinancialsafetyreports.blogspot.com/2013/07/mr-ben-bernanke-greatest-inflator.html

    Bottom line: the Federal Reserve is a scam, a socialistic [i.e anti-capitalist], monopolistic entity that was specifically designed to enrich the few at the expense of the many.

    The “beauty” of the scam is that most of the “many”, [ ie “the working classes”], are, and will remain, ignorant of exactly how the scam works , all they are ever aware of is the bald fact that almost everything they buy consistently costs more, year to year, and that their wages are, sooner or later, unable to support them in the “style” they had grown accustomed to.

    And since the vast majority of the working class and middle class in this country are, no differently than the elites that rule them, pro-socialist and anti- capitalist, the only result coming from any “clubs and pitchforks” type “workers revolution” to [supposedly] “make the system fair to workers”, would most likely be even more regulation of the money system by the government [ in other words, by the very same institutional crooks that originally gave the Fed its “legal” money creation and manipulation monopoly powers!].

    Thus, for “real monetary reform”, all we can realistically expect are the communistic/socialistic fantasy”solutions ” to the Fed problem such as those of Stephen Zarlenga :

    “The Fiscal Fantasies of Stephen Zarlenga and Other Monetary Reformers – Or “Won’t Get Fooled Again”?
    : http://onebornfreesfinancialsafetyreports.blogspot.com/2014/08/the-fiscal-fantasies-of-stephen.html

    And so it goes…

    Regards, onebornfree

    • Agree: Achmed E. Newman
  54. Juzwa says:

    Communism collapsed in East Europe, capitalists are not afraid anymore, forget about descent pay rise anymore.

  55. nsa says:
    @James M Dakin

    ……the infrastructure we are still relying on….was built from the oil bonanza.”
    The biological purpose of the human hominid is to remove the carbon stored in the earth’s crust and eject it into the atmosphere….creating a mass overshoot hominid die off as well as the exact conditions necessary to usher in a new golden age of plants which feast on atmospheric carbon. This is a cycle which is no more stoppable than the tides or the precession of the earth. Practicing extreme conservation just means the cycle will take an added 0.001% to complete. Your houseplant’s descendants will be taking over from your descendants.

  56. sally says:

    systematic tax theft.. forget not the background for Mr. Tripps 3600 word essay.. I wish he had included it..

    The federal reserve was installed in America only after the Jewish Demogods were able to eliminate the Article I, Section 9, Clause 4 in the Constitution of the United States. it states No capitation, or other direct tax shall be laid, unless in Proportion to the Census of Enumeration herein, before directed to be taken..

    Every year after lincoln was hired shot by the Jewish British and French bankers, what amounts to the 16th Amendment was presented to court to be abolished. The bankers supported Hertzl’s 1897 move the Jews to a homeland, because the bankers knew the Ottoman land was oil rich..

    There were two Treaties that impact on this 1913 16th amendment concerning the treasonous traversity that tricked the USA by quashing what was left of America’s Democracy:
    A. the first happened in the Year of the First Zionist congress (Basil, Switzerland, 1897), A treaty between the Russia’s on the East side of Germany and France on the west side.. that treaty was designed to contain the power and thriving economy of Germany, then one year later, yet another secret “contain-Germany” agreement was concluded between France, UK, and USA. both treaties targeted deny advancing strong economy of Germany, with an end goal to destroy the excellent relations Germany had with the Ottomans (Germany was building a highway and a railroad throughout the Ottoman Empire in exchange for access to the Ottoman oil) and in that same agreement, it was agreed a way to destroy the Ottoman Empire (Palestine, Syria, etc) and to make its oil rich lands into a colony or protectorate of the Get Germany Teams. These two treaties are extremely well documented in Professor Roland Green Usher’s book Pan Germanism, 1913, and Ex Kaiser[of Defeated Germany] Willham, II, My Memoirs, 1878-1918, in which Willham explains that had he been aware of these treaties he would not have allowed these criminals (including his own royal family) in England, France, Switzerland, and Poland and the USA, who forced on the world, WWI, get away with what they did to Germany. According to the Kaiser no matter how much Germany gave in negotiations between Germany and the Get Germany team, no one would accept on reasonable terms. It took the criminals 15 years to get Germany lined up to be destroyed..

    But the biggest clincher of them all was the back to back install of the 16th Amendment proposed by Cordell Hall of Tennessee chair of the Ways and Means Committee, and the federal reserve act proposed by Senator Nelson A. Aldrich (Rhode Island) a man of considerable wealth.. Aldrich was devoted to developing the national monetary commission, which he chaired. <=the Hall/Aldrich 16th Amendment/Federal Reserve Act indebted Americans to pay for WWI and WWII and all of the other wars as well. Additionally, the preparation for war was legislated in the Underwood Tariff Act (privileged selected identified persons mostly) , and the Federal Trade Acts. To show the outrage..I present what Wilson said::
    "It is of serious interest to the country that the people at large should have no lobby and be voiceless in these matters, while great bodies of astute men seek to create an artificial opinion and to overcome the interests of the public for their private profit purpose". and what Senator Robert La Follette, Sr., of Wisconsin.. suggested: that "all Senators disclose their own property holdings that might in any way be affected by the tariff reductions". No Senator dared. Clearly some hidden power was at work in the 1912 to 1917 government.

    In congress Graft and corruption cannot hold a candle to organized crime

    • Agree: Agent76
  57. @FB

    I never thought that one day I would call you smart, but than maybe you just copied this your comment from somewhere.

    • Replies: @Wizard of Oz
  58. I suspect Ron has found the perfect article and thread to efficiently concentrate potential cast members for parts in rhe great William Jennings Bryan pageant and drama highlighting his Cross of Gold speech and requiring the degree of unending enthusiasm of those who would weep at the fiftieth appearance to speak of their hero Adolf.

    I see an almost complete absence of the elementary cerebration required to ask the simple question about who deserves to get the benefit of increases in productivity. Hint, 50 per cent of the work force make absolutely no net or average contribution to improving productivity. But of course the voters in a democracy have to be cut in on nearly continuous improvement to stop their greed and outraged sense of entitlement erupting via the ballot box. Cp. the equally undeserving voters of Australia and Canada having to be bribed into temporary reluef from their sense of entitlement, grievance and envy by what is paid for by taxes and royalties on producers of natural resources.

    Nor do I see the Christian pastor recognising

    1. that it is good for poor people in the rest of the world to be enjoying some of the good things being handed round by efficient business over the last 50 years.

    2. That such benefits to the world’s poorer people might have been cost free to Americans if America didn’t waste so much of its government expenditure from makung war to spending double what other countries spend on health care for worse results.

    3. That Americans have been receiving the benefits of the capable and inventive few through new and better products and…. with some exception for some white males in America, longer and healthier lives.

    • Replies: @anon
    , @davidgmillsatty
    , @Alden
  59. Tulip says:

    This is the biggest pile of bullshit I have read on this site since the Moon Landing Hoax article, and that is saying a lot.

    • LOL: Hail
  60. SafeNow says:

    I will add what might be one more cofactor. The “deplorable” factor. Advertising and marketing have changed. Ads once touted the merits and value of products, rather than what is cool and hip. Vintage ads on Youtube seem corny now. But back then, (being old, I saw it) manufacturing and service trade workers were very much with the zeitgeist, and were respected. Now, they are not. So they get paid less, because they are not cool; because they are looked down upon, their salary suffers. To Hillary, coal miners and similar workers are deplorable.

  61. @Ilyana_Rozumova

    No, sorry, you must have switched your brain off not to notice that, despite getting a couple of things right, including the poor quality of the article, he is away with the pixies. What does he even mean about the “economy [being-] based on COMPOUND INTEREST” [his caps] ? What on earth can he be recommending? That no one who has received 3 per cent payable quarterly on his bank deposit should be allowed to have it compounded and added to the principal?

    Equally bizarre is what appears to be his imagined world of non private banking that may or may not be that of the fantasists who want the Fed abolished. He should just face the fact that, as long as we don’t regress to preliteracy in our technological base, a society with an energetic economy which has sufficiently trusted or at least predictable institutions is going to have a money sipply created by those who are trusted and those who engage in transactions with them.

    • Replies: @Ilyana_Rozumova
    , @bluedog
  62. The American Workers are being ripped off , alright, but not in the way the author thinks.
    They are being directly ripped off by the US Individual Income tax scheme, including payroll taxes. That comes to 30 percent of pay.
    Since 2003, hundreds of thousands of American workers have legally, lawfully received full refunds of all withheld taxes by filing educated returns that reflect their knowledge of the nature and scope of the income tax. This includes state and federal income and payroll taxes, an unprecedented victory for liberty that the so called freedom press continue to ignore.
    Is the income tax fraud a Khazars plot? Perhaps. After all, the Khazars are known for financial corruption. At any rate, the Income Tax has been fraudulently collected sincevWW II, and we know who really won that war. However, if tax returns are properly filed , the Administrative IRS has followed the law and refunded the taxes. OK, sometimes they resist and intimidate ( sometimes they don’t) but in the end they fold, and do their job, which is to process lawful returns.
    We need to understand the taxing clauses in the Constitution, the relevant statutes regarding withholding, a few Supreme Court cases, the history of the tax. It’s not hard, like I said, hundreds of thousands of ordinary Americans have done it. The actual return filed is as simple as pie.
    Will you stand up for the rule of law? See http://www.losthorizons.com, and my blog, http://www.nontaxpayersforronpaul.blogspot.com. Happy refunds!

    • Replies: @anon
  63. anon[454] • Disclaimer says:
    @Taxhonestyguy

    Who says they can’t be getting ripped off by both income taxes and the Fed? The data is all based on pre-tax income so there’s no reason they can’t be getting ripped off by taxes in addition to being ripped off in the ways explained in the article.

  64. anon[454] • Disclaimer says:
    @Wizard of Oz

    If workers shouldn’t be receiving the benefits of their increased productivity (at least some of which is due to their increased educational attainment and technological literacy) then who should? Upper management and investment bankers? Because that’s who’s receiving the benefits now.

    Why do you think all our wars are with countries within 1000 miles of Israel?

    • Replies: @anarchyst
    , @Wizard of Oz
  65. @Wizard of Oz

    Imagine what would happen if US Government would print out 22 trillion dollars and bought back all government certificates, so there would be no more debt.
    You tell me what would happen!

    • Replies: @Wizard of Oz
  66. MarkinLA says:
    @Franz

    The entire nation started the slo-mo drop to our current status as incipient Third World member in 1973. This isn’t really surprising: A fellow might have put a down payment on a house in 1955 with massive monthly mortgage payments like $140 and paid it off in funny money in the 1970s. Think of it as the “bonus” that many of the Greatest Generation got.

    This was the basis for the S&L fiasco which was our first nationwide boom/bust that greatly enriched the already well off at the expene of everybody else. (yeah, blah, blah, blah, the RTC “made ” money, and I regularly sell the Brooklyn Bridge). Soon everybody realized that the best way to fleece the working class was create bubbles and swoop in when they collapse buying assets for pennies on the dollar. Just make sure you don’t go to jail (buy the best layers or government or both).

  67. How many of you guys know that income tax was suppose to be temporary? It was ram down the American throat a few times before it finally succeeded as the 16th amendment.

  68. @BuelahMan

    “Here’s the problem with saying that not all jews are guilty:”

    But we are told that all Germans in the 40’s were Nazis……….

    Now who tells us that?

    • Agree: anarchyst
  69. @Ilyana_Rozumova

    What are these “government certificates” you write of?

    Let us say that you are supposing that the US government through some agency ot perhaps in the name of the President or Secretary of the Treasury caused the printing of enough currency notes to equal the current market value of all tradeable government securities at market prices. It would have to back its purchase with legislated compulsion because the reaction of inveators in US debt is otherwise going to be “no thanks: I invested in interest bearing securities and you are offering me currency which bears no interest. But it could perhaps ask the Fed to emulate the Europeans and create some negative interest securities though that would send the purchase price of existing bonds sky high. So, you see, I can only humour a nonsense suggestion: not make sense of it.

  70. anarchyst says:
    @James M Dakin

    Far from being “fossil fuel”, hydrocarbons are not only plentiful but are being renewed by yet-unknown processes deep within the earth.

    The term “fossil fuel” was coined in the 1950s when little was known about the processes by which oil is produced. Oil is “abiotic” in nature, as even depleted oil wells are “filling back up” from deep below the earth’s surface.

    Oil interests are drilling wells at 5,000 feet, 10,000 feet, and 15,000 feet and deeper, and coming up with oil deposits way below the layers where “fossils” were known to exist.

    As Russia gained much expertise in deep-well drilling and coming up with oil deposits far deeper than that of the level of “fossils”, abiotic oil at extreme depths was actually a Russian ‘state secret” for a long time.

    Not only that, but there are planetary bodies in which hydrocarbons are naturally occurring (without fossils).

    “Peak oil” and “fossil fuels” are discredited concepts that environmentalists and others are latching on to, in order to display their hatred of oil being a renewable resource as well as to push prices up.
    Follow the money.

    • Replies: @Ilyana_Rozumova
  71. anarchyst says:
    @anon

    Henry Ford CREATED a market which had not existed when he paid his employees $5.00 per day when the average wage of the day was around $1.25 per day.

    His premise was not entirely altruistic as assembly line work was monotonous; a way had to be found to retain employees, as well.

    Of course, the wall street types and the banksters howled that Ford’s wage rates would destroy capitalism (as they knew it-those at the top reap all of the benefits while the proles are forced to live on a bare subsistence wage, due to the machinations of those at the top).

    Guess what??

    The OPPOSITE happened. Henry Ford knew one of the basic tenets of a truly free, capitalistic society, that a well-paid work force would be able to participate and contribute to a strong economy, unlike what is taught in business schools today-that wages must be kept to a bare minimum and that the stockholder is king.

    Our free trade politicians have assisted the greedy wall street types and banksters in depressing wages on the promise of cheap foreign labor and products.

    A good example of this is the negative criticism that Costco receives for paying its employees well above market wages. These same wall street types praise Wal-Mart for paying its employees barely subsistence wages while assisting them in filling out their public assistance (welfare) forms.

    Any sane person KNOWS that in order for capitalism to work, employees need to make an adequate wage. Unfortunately, this premise does not exist in today’s business climate.

    Henry Ford openly criticized those of the “tribe” for manipulating wall street and banksters to their own advantage, and was roundly (and unjustly) criticized for pointing out the TRUTH. Catholic priest, Father Coughlin did the same thing and was punished by the Catholic church, despite his popularity and exposing the TRUTH of the American economy and the outsider internationalists that ran it . . . and STILL run it.

    Our race to the bottom will not be without consequences. A great realignment is necessary (and is coming) . .

    • Agree: Truth3
  72. @Franz

    1973. Correct. I always said. Everything changed in 1973.

  73. Yeah, typical. When I saw the title, I thought, hey, somebody on this hapless rag finally makes the obvious, whatshallwecallit, Marxist? left-wing? communist? socialist?, anyway, not-rightist point that the rich are a bunch of bastards stealing all the money and fucking over the poor and deserve to swing a la lanternes.

    But then we find it’s not the rich and swinging them or even taxing them is a bad idea and it’s all caused by something something blahblahblah that won’t offend the rich funders of such ostensible “commentary” as the present.

  74. And your conclusion is: fuck the workers. They deserve it. I love how you use true statistics to come to false conclusions. This in the late lamented 90s was known as “spin.”

  75. @anarchyst

    Certificates, securities, bonds the same thing. You did figure it out. Congratulations.
    They do have a expiration date when government is buying them back. Then Government (feds}
    is issuing the new securities and selling them. Depending on the market demand the interest is usually higher.
    But you did not catch my point.
    In US the circulation founds (money) is about 940 billion.
    If the all 22 trillion would be changed to cash the hyperinflation would set in.
    The prices of goods and services would increase 22 fold.
    Loaf of bread would cost 44 dollars.
    So there is fire dragon in the cave eager to get out. but so far the door is locked.
    But sooner or later the dragon will brake the door.
    The funny thing about it is that interest on bond is payed by issuing some more bonds. (350 billions)
    There one thing is certain; it cannot go on forever and the only solution is bankruptcy.
    From any angle you look at it it is a bubble.
    P.S.
    FB was right.

    • Replies: @Justvisiting
  76. Sorry I meant Wizzard of OZ , not anonymous.

    • Replies: @Wizard of Oz
  77. @anon

    Not having an actual argument is pretty gross, anon.

    That’s the goal, intention and action toward reaching that goal, that is that it’s never discussed. Discuss it and you’ve committed the sin of anti-Semitism. And how dare you? Ok, no Jews in the financial sector. What about the boards of every company they loot their working classes from? And their presence on the newspaper and network boards? And the political lobbies?

    You aren’t getting rid of the 1/10th of one percent, it isn’t happening. They own the joint.

  78. muen says:

    This is a story that will never get traction in the corporate media for obvious reason. If only it could be edited and reworked to appeal to the people suffering from the theft.

  79. @Sean

    “Epstein used some deception, but in 99.9% majority of cases those girls were not slaves, they went there understanding what was going to happen, were paid for what they did, and left with the money.”

    Ah great, now Unz has pedophile apologists. A 12-14 year old girl cannot consent to such arrangements, you moron. Just about every jurisdiction has statutory rape provisions that cement this into the criminal justice system.

    I’m guessing you are Jewish, because your reasoning skills go to pot as soon as the Jewish question comes up. If X is not a slave, then Y did nothing wrong. Brilliant.

    • Replies: @Sean
    , @Alden
  80. Art says:

    Allen Greenspan and Jew junk bonds destroyed corporate America. The short story is that instead of paying employees their due, corporations had to cut corners and pay back the Jew bond holders. Money was taken from the middle class and given to the rich.

    Greenspan had the Fed finance with easy money, the junk bond bubble, the internet bubble, and the home price bubble.

    It is a fact that the Jews syphoned off America’s middle-class wealth in the process.

    • Replies: @MarkinLA
  81. Agent76 says:

    “It is easier to rob by setting up a bank than by holding up a bank clerk.” Bertolt Brecht

    Global debt clock

    This clock shows the global figure for almost all government debts in dollar terms. Does it matter?

    http://www.economist.com/content/global_debt_clock

  82. Let’s not forget the effect of the Federal Income Tax on wages, salaries, and tips, which makes U.S. workers less competitive with capital (machines) and foreign workers. We need to abolish the income taxes on labor. In fact, being paid a wage is not income, but an equal trade by definition.

  83. DL42 says:
    @anon

    Agreed, it certainly is quite gross that a small group of individuals could siphon off and tank the productivity of hundreds of millions of hardworking people. But I’m sure a site like MSNBC or Huffington Post is more your speed. They have a plethora of much better “content” for you.

  84. Art says:
    @Miro23

    In the early 1970’s I remember the first Asian manufactured products starting to appear along with digitalization and the basic internet.

    FACT – the early electronic importers where all Jews. They put their wealth to working against Americans.

    • Replies: @Alden
    , @Anon
  85. @James M Dakin

    There is enough thorium to power the world at today’s energy use for several thousand years on the earth alone and the rest of the solar system is teeming with it.

    https://www.thecommunityforum.life/post/thorium-nuclear-power-using-molten-salts-as-a-coolant-rather-than-water-the-nuclear-power-9951571?pid=1306539308

    China just announced that its first prototype thorium molten salt reactor will be going on line in the next few months.

    These can be made on assembly lines like planes and ships.

    So if energy is the problem, we can easily solve that if we go nuclear. Nuclear is a million times as energy dense as fossil fuels.

    • Replies: @Alden
  86. Sean says:
    @jbwilson24

    He was not charged with rape or kidnapping. Keeping someone as a sex slave would be a rape and abduction charge whatever age she was. He did not face those charges.

  87. Hail says: • Website
    @Wizard of Oz

    I have long known that Volcker is a German-Lutheran, and have furthermore never heard anyone claim he is Jewish. Wild and unfounded allegations of Jewish origins are unbecoming.

    Are they basing it on his bulbous nose? Volcker actually looks something like a rounder-headed Helmut Kohl to me (they are nearly the same age). See 1982 picture of Volcker from Getty captioned: “Chairman of the Federal Reserve Board, Paul Volcker, stands with hands on hips and smokes a cigar during a meeting in Washington, 1982.” Compare to any number of pictures of Helmut Kohl.

    By the way, are any Jews named “Paul”? One of the great intellectual crusaders against Judaism in history, one would not think a Jewish family would name their son names like Paul.

    • Replies: @Anonymous
    , @anon
    , @Pegasus
  88. @Ilyana_Rozumova

    You got it–in fact the entire world financial system is a Ponzi scheme–and we all rise or fall together.

    That is one of many reasons why I keep insisting that the map is not the territory.

    Whether the debt bubble looses air slowly or blows up quickly is hard to say–but something bad this way comes–for everyone.

  89. @Wizard of Oz

    What we could easily do to make things fairer for those poor slobs who create nothing of value to the economy is to do away with the corporate entity and make all business owners personally liable for all of the harm they cause to other people and society. There is only one reason to incorporate. To avoid personal liability. If we did, we would have true capitalism instead of crony capitalism.

    The people who love to say that other people fail to take personal responsibility are often the first to incorporate to avoid their own.

  90. Alden says:
    @Patriot

    Don’t forget the White ranchers and farmers of California destroyed Central California with the importation of gazillions of illegal alien farm workers who worked a few years and settled down to living off their anchor babies welfare.

    How to solve the farm labor problem? Raise wages? Never ever!!!. Just import more illegal alien men who work a few years till they find a baby momma and have some anchor babies on welfare. Repeat the cycle every 7 years.

    I make several 500 mile trips through the Central Valley every year. Only time I see field workers is strawberry season in Ventura county. Plenty of idle men in the towns during the day. In a hundred acre field 2 men and a machine ONCE IN A WHILE.

    The farmers and ranchers don’t bring need all those Mexicans on welfare. But they keep bringing them in.

  91. Alden says:
    @jbwilson24

    You are confusing pedophilia rape statutory rape and age of consent laws which differ from state to state. In all states 14 year olds are not capable of consenting to sex and it’s statutory rape and degrees of child molestation Penal codes are online. Read them.

    Black street pimps take all the girls money The girls die young due to the way the pimps treat them. Escort agencies take a percentage and generally cheat the girls so badly the girls go off on their own. Asian pimps lock up the girls in brothels & massage stores and take all the money. Epstein gave the girls lots of money. He didn’t lock them up. He did take some to foreign countries where they were dependent on him. But he brought them home and didn’t sell any to brothels and slave owning pimps.

    As pimps and procurers go, Epstein was an angel.

  92. Alden says:
    @Art

    Feinstein’s husband Richard Blum was meeting with the Tong family of China and the diaspora in the early 1960s.

    • Replies: @Art
  93. @MarkinPNW

    Yes it was Nixon, but he was dealing with the mess that had been created. He ended the convertibility of US dollars to gold, because the US couldn’t cover theliabilities. Recall that Roosevelt was the one who actually went of the gold standard in 1933, so it could pump Fed money into the economy. He also confiscated gold.
    The system was set up to fail, and Nixon was the fall guy taking the advice of the usual suspects. He was left little choice, as Congress passed a bill, signed by LBJ in March 1968, eliminating the “gold cover” – the reserve backing by gold) for Federal Reserve notes. Until then each Fed note required a gold certificate of at least 25% of its liability. The certificates represented gold actually held by the Treasury.

  94. Alden says:
    @davidgmillsatty

    The oil natural gas and coal industries were the ones who prevented nuclear power in America. All those brain washed hysterical liberals going off to demonstrate against nuclear power. I just laughed at those minions of Rockefeller industries hysterically demonstrating against Rockefeller oil and gas competitors.

    • Replies: @davidgmillsatty
  95. @Truth3

    The largest reasons for wage suppression relative to worker value (productivity is a measure of it) has to do with the steady takeover by Jews of Corporate Boards and Management since the late 1960’s.

    It started well before that. The manufactured currency crises in the 1920s, starting in post war Germany and Holland (the practice run) culminated in the 1929 “crash”. All were massive wealth transfers. Jews were buying for cents on the dollar as others were selling. Once you have ownership, you consolidate control. At first the useful WASP idiots were left on boards, then slowly replaced over time. It really only became obvious in the 60s.

    In order to facilitate more wealth transfers, workers had to make more. Unionization was promoted to get those gains. When the time was right to set up another wealth transfer, unions became “the problem”.

    • Replies: @Poupon Marx
  96. gkruz says:
    @Nik

    Wow, the hasbara trolls came out in full force for this one, so you know it hit a nerve. Notice, however, that they have no argument to disprove it, only expressions of disgust and outrage that anyone who would dare assert that yews aren’t nice people and are robbing the rest of us blind. So they admit, tacitly, that it is true.

  97. Daniel H says:

    The banks are insolvent again. This was reported yesterday, Friday, so an not to produce a panic. You know, let things cool down over the weekend. But there should be a panic. If banks have a hard time meeting basic reserve requirements something is really off. Banks hold inflated paper assets. Need constant shenanigans to keep the value from steadily sinking. Pushing on a string may buy a few weeks/months time, but when your liabilities overwhelm your assets to a certain degree the situation is terminal.

    Banks have struggled in recent days to find the cash needed to meet reserve requirements which has pushed up short-term borrowing rates, prompting the New York Fed to pump billions into US money markets with repo operations over the past four days.

    The New York Federal Reserve Bank said Friday it will inject billions into the US financial plumbing on a daily basis for the next three weeks in an effort to prevent a spike in short-term interest rates.

    https://news.yahoo.com/ny-fed-pump-75-bn-money-markets-daily-154943871.html?soc_src=hl-viewer&soc_trk=fb

  98. @Curmudgeon

    I am retired and belonged to a maritime officers union. Many union leaders identify with the company executives as a class, rather than the peons of the membership. The present leadership of the AFL-CIO is completely on remote control by ZOG NWO, inc. Notice the people never change. Notice no outrage over outsourcing America’s industrial base. They are all traitors. Either union leaders have sold out completely or they are really dunces who reflect the limited scope of knowledge and ability to think clearly.

    It all goes back to Amshell Rothschild’s comment about who controls the money, controls everything. That is before the turn of the 18th century. I simply, given the ineptness, acceptance and unresponsiveness of Europeans and “Whites” to this steady and constant take over and domination by the Jews, expect that they can muster up the means and methods to even slow them down.

    • Replies: @Anon
  99. MarkinLA says:
    @Art

    The junk bonds had nothing to do with it. The people buying the bonds and the corporate raiders were the cause.

    • Replies: @Art
  100. Art says:
    @Alden

    Feinstein’s husband Richard Blum was meeting with the Tong family of China and the diaspora in the early 1960s.

    Exactly – in one breath they cried holohoax – in the next they sold out the American middle class that rescued them.

  101. Banks are “insolvent.”

    Translation……The JFED has to give the Jbanks a few more trillion dollars of the goy’s money.

  102. Art says:
    @MarkinLA

    The junk bonds had nothing to do with it. The people buying the bonds and the corporate raiders were the cause.

    Really – the Jew Michael Milken went to jail over junk bonds.

    Junk bonds destroyed corporate America. Pay and benefits were diverted to paying off bonds.

    • Replies: @MarkinLA
  103. Anonymous[375] • Disclaimer says:
    @Hail

    Paul Krugman? Paul Singer?

  104. Anonymous[893] • Disclaimer says:

    Finance, insurance, and real estate (collectively called the FIRE economy) make up 20.7% of GDP, while real estate by itself has outdistanced manufacturing and stands at 12.2% of GDP. The majority of bank lending goes for real estate.

    No society can possibly sustain this level of rentier parasitism and misallocation of resources. As Spengler put it a century ago, they intellectually manufacture money out of thin air and trick a profit off honest wages. Over-representation by Jews on Wall Street is 45 times, which under any reasonable assumptions is conclusive proof of collusion and likely criminal conspiracy.

    More importantly they effectively own the MSM and through it the formation of men’s attitudes and the outcome of elections. To watch American TV is to see Western Civilization through the eyes of its worst enemy.

  105. MarkinLA says:
    @Art

    Violating arcane securities law and walking away with a lot of money are standard practice. The issue was junk bonds being the cause. All junk bonds are is a loan at a higher than normal interest rate in order to do something – usually finance the expansion of a company like MCA or a takeover. The takeover was the problem. Unless somebody bought the bonds, the money would not be available to the corporate raider. Blaiming the facilitator is misplaced. Also in many cases the takeover was done by management itself – taking the company private.

    • Replies: @Daniel H
  106. @anon

    I would have the more important war in this context is the one being waged against China but that is BTW. You seem to have missed the point that in a pure honestly comprtitive free market capitalist system within one nation rewards for innovations increasing productivity should approximate the causal contributions made. That allows for rewarding some pretty humble contributions by people who have been educated at taxpayer expense to be able e.g. to write some uncomplicated software programs, or to talk smoothly to tough union officials who might otherwise be antiproductive in their interventions. You could make quite an argument for much of the benefit of productivity improvements going to universities and other institutions. As it is, my simple point remains. Politics rather than any real sense of deserts causes most of the rise in wages when that corresponds to productivity increases. I wonder whether America’s 0.1 per cent have got anything like as much gain from the last 25 years of productivity gains as the middle 40 per cent in China?

  107. @Ilyana_Rozumova

    Yes, but try again: you meant anarchyst not anonymous.

    Consistent with that demonstrated standard of precision you have just launched off into more nonsensical fantasy. What possible basis do you have for saying that multiplying the amount of currency in circulation 22 fold would increase prices 22 fold?

    Let me help you just enough before you waste more time. Your proposition depends presumably on the unstated (false) idea that everything is paid for with those $940 billion of currency notes and coun on issue. But what about payment by credit card, cheque, direct bank to bank transfers, Western Union etc ? Sure, in the new world of unprecedentedly low interest rates (where, in short, we really need governments to get on with all sorts of infrastructure expenditure – without the waste of Japanese deficit expenditure in the 90s) the possible future of rampant inflation to solve America’s debt and unfunded liabilities** is hair-raising.

    **you do understand what constitutes that unfunded liabilities problem, don’t you? If not, give yourself a break from commenting on things of which you are profoundly ignorant and read it up.

  108. Much of the article is correct. Also, the other points about investment and tax dodging is true. But what is not graphed or talked about is what the Jews and Congress have also done and that is to lower wages by importing third world cheap labor. They have intentionally attacked the middle class with the H1B Visa programs (most from India and Pakistan) in many technical fields because this is wanted by Silicon Valley.

    Adding to this fiasco is that all the illegal and legal immigration costs the middle class in services, housing, and social problems because they are paying to subsidize this immigration. Furthermore, much of the money that these illegals make is not going back into the economy but is being sent back to Mexico.

  109. Daniel H says:
    @MarkinLA

    The takeover was the problem. Unless somebody bought the bonds, the money would not be available to the corporate raider. Blaiming the facilitator is misplaced.

    The selling of the Fentanyl is not the problem. The selling is just a morally neutral transaction of money for a substance of perceived value. In fact the user is to blame for his own demise. If the user hadn’t bought the Fentanyl he wouldn’t have been able to inject the Fentanyl into his veins, thus killing himself. Blaming the seller of Fentanyl is misplaced.

    • Disagree: RadicalCenter
  110. Anon[126] • Disclaimer says:
    @Poupon Marx

    Retired figures. But do you have to retire your intellect. Maybe “maritime officer” shouldn’t really suggest intellect though getting the catering right would require at least some care.

    BTW when next tempted to trot out that famous fake quote (more often attributed to Nathan Rothschild) do at least get the spelling of Amschel right.

    • LOL: Poupon Marx
    • Replies: @Poupon Marx
  111. Anon[126] • Disclaimer says:
    @Art

    And those dumb whites and blacks bought those Sony Walkmans without thinking that their self indulgence (who needs cheap? Who needs music on the go?) would destroy them. First step on the path to OxyContin and obesity. Yeah, who’s evrr seen a drugged obese Jew?

  112. Anon[126] • Disclaimer says:

    Damn right. The trick is to get them before they start drawing the pension and beginning to burden taxpayers with Medicare costs.

  113. Anonymous[406] • Disclaimer says:
    @Thulean Friend

    People will get excited only when feelings like pride, vanity, are struck.
    The issue that corporations above a certain weight are basically above the law, including the fiscal law, leaves them pretty calm (they’ll deny/dismiss it).

    Those corporations aren’t their “friend”, neighbour, sister-in-law, with whom they feel in competition.
    Also, they are stealing from the collectivity, not from them personally, there is no “So they think they are smarter than I” angering emotions involved.

    Just make it sound like an impersonal thing when you are going to trick them, their one-versus-one prideful instincts will be left dormant, and anything will work out.

    • Replies: @Wizard of Oz
  114. Golobki says:

    1973 – 74
    Arab Israeli War in Oct.
    First OPEC oil embargo
    Gas goes from 30 cents/gal to 50 cents in 2 months. Massive inflationary spiral and loss of consumer spending power ensue.

  115. Post Bretton-Wood easy credit has not only inflated stock market asset prices. It is also primarily responsible for the vast increase in the cost of shelter, whether as rent or as mortgage payment, which is far the biggest expense in most people’s budgets. This purely predatory rise in the cost of shelter, which has no connection whatsoever with the cost of building housing or maintaining it, also figures prominently in the inability of younger people to save and in the student debt peonage into which they are being forced — also to the perennial benefit of the banker class.

  116. Patricus says:
    @Hail

    How is a Jew defined? I understand one who has a Jewish mother is considered Jewish in a religious sense. If you have one Jewish grand parent are you a Jew? If your parents were born to Jewish parents but decided to convert to another religion are you a Jew or what. Isn’t it likely that most people of European stock have some Jew somewhere on the family tree? My ancestors are Irish and British but a DNA test showed I am 3% western Asian. Does that make me a Turk? Maybe I am a Jew. Alas, not a billionaire but I always wanted to own a Mattress Discounters franchise.

  117. anon[454] • Disclaimer says:
    @Hail

    It was a Jewish source, Ynet News, that claimed Volcker was hereditarily Jewish. The fact that he was religiously Lutheran makes no difference as to his heredity and genetics. And Jewishness is definitely genetic. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3543766/

  118. This guy says the middle class is thriving.

    https://www.libertynation.com/swamponomics-a-booming-middle-class-and-a-dying-ipo-market/

    For all the talk of the middle class dying a slow death during the latest 2020 Democratic debates, there is very little evidence to support this claim. It seems that feelings are facts and the bigger the lie the more people will believe it. Whether you are calculating purchasing power or incomes, America’s middle class is thriving – and moving up.

    The US Census Bureau recently released its annual income report of the American people. The findings highlighted how well the population is doing, in spite of the foolishness of the government and the Federal Reserve. Here is what the study told us:

    30.4% of US households earned $100,000 or more (a record high).
    41.7% earned between $35,000 and $100,000.
    27.9% made $35,000 or less (a record low).
    What makes this data extraordinary is when you examine the numbers on a long-term path. In 1968, just 9.7% of households earned a six-figure income, half of the country reported $35,000 to $100,000 in income, and more than one-third of households were low-income. This means that households earning $100,000 or more tripled in the last 50 years.

  119. Parfois1 says:
    @Sean

    While Jews doubtless disproportionately benefited from this I don’t see that as a strong enough trend to peg it as a plot by Jews as Jews.

    No-one seriously believes that the downgrade of the labour value over the past fifty years is due to a Jewish plot as such to harm the working class. The Jews are in it as the good capitalist they are – after all, that’s what Capitalism is all about: to extract the most possible profit for the shareholders/investors (you call it “fiduciary duty”, I call it naked greed and blatant robbery especially when wages are squeezed while CEOs’ salaries and bonuses skyrocketed).

    The culprit for the working classes loss of purchasing power and increasing inequality between the haves and have-nots is clearly the structural politico-economical system driven by the profit motive and absence of a social responsibility inherent in the dog-eat-dog Capitalism. The players in this system act their roles according to the rules of the game set down by the political institutions controlled by the the capitalist elite – it is a rigged game.

    It is perfectably understable and rational that the ruling elite use its political power to further the interests of the capitalist class – they are closely intermingled as one. Money buys power and power multiplies money, as simple as that. Besides, Capitalism has no social conscience (that would fetter its aims) and its “human face” has been unmasked long ago.

    The bottom line is: if one wishes for a fairer society where the economy works to satisfy the needs (material and spiritual) of the people – and not a system for the enrichment of the few at the cost of the many – then the whole politico-economic structure must be demolished.

    • Agree: Alden
    • Replies: @anarchyst
  120. @Anonymous

    Shrewd observation of human nature. It reminds me of belonging to an organisation where it occurred to me that all the ambitious male wannabes were voting for a woman because they didn’t really think of her as the competition. I once used that experience to point to the possibility that something similar was happening when Barak Obama was elected editor of the Harvard Law Review…..

  121. Pegasus says:
    @Wizard of Oz

    …instead of relying on an obscure Israeli source

    Ynet is the online outlet for Yedioth Ahronot, which is the most read, payed for newspaper in Israel (35% exposure rate). Only Israel Hayom is more popular (37%) because it is distributed for free. Compare to Haaretz’s 3.9%. Your moronic retort is the equivalent to saying the NYT or the WaPo are “obscure” American sources.

    Now if you say a random dude from your nearest synagogue is claiming Volcker is not Jewish then case closed by all means.

    • Replies: @Hail
  122. Great article, but infuriating at the same time, in that the stuff about the Jews could have easily been left out, and it still would have been just as impactful. Not saying I disagree, it’s just this article could have received more widespread circulation without the Jewish angle. I for one would have like to have shared this article with a lot of my friends but for the Jew stuff. Some times you just have to pick your battles.

  123. Pegasus says:
    @Hail

    Wild and unfounded allegations of Jewish origins are unbecoming.

    “Wild and unfounded allegations” made by the online outlet of Yedioth Ahronoth, the oldest, most respected and read Israeli newspaper. Older than Israel itself, founded in Mandatory Palestine.

    You have been given a respected and authoritative Israeli source that claims he was born to a Jewish family, yet you stubbornly hold on to your “beliefs”

    Are they basing it on his bulbous nose? Volcker actually looks something like a rounder-headed Helmut Kohl to me

    And on you go with idiotic conjectures after having been given an authoritative Israeli source. The depths of human idiocy and stubborness unfathomable. It’s fascinating.

    • Replies: @Alden
    , @Hail
  124. anarchyst says:
    @Parfois1

    You make an excellent point about capitalism’s absence of a “social conscience”.

    About a hundred years ago, Henry Ford was aware of capitalism’s absence of a social conscience and did something about it.

    Ford paid his employees well above the “market wages” of the day. Although not entirely altruistic, Ford recognized that well-paid employees were much more efficient, as well as having a positive attitude about work and company loyalty.

    Costco does the same thing today, and is roundly criticized by those of the “tribe” who populate wall street.

    All one has to do is compare the attitudes of the employees who work for Costco and those who work for Wal-mart. One can easily see the difference.

    One cannot blame the employees for their attitudes. Costco employees seem happier than Wal-mart employees. Wal-mart employees seem to be “stressed out”, probably due to financial difficulties, not entirely of their own doing. In fact, Wal-mart “helps” its employees to fill out “public assistance” forms which amounts to a wage subsidy for Wal-mart corporate…

    • Replies: @Parfois1
  125. Alden says:
    @Pegasus

    Well, 100 years ago jews were claiming Christopher Columbus and half his crew were jews. When the liberals decided Columbus was an evil genocidal White European who personally destroyed the Americas they quickly forgot he was Jewish.

    Remember 1992 the 500 year anniversary of Columbus first voyage? Pure hatred and denunciation of Columbus his crew and Spain that sponsored his voyage.

    Remember, jews good, Christians bad.

  126. Alden says:
    @Achmed E. Newman

    Don’t forget to deduct the amount of property and sales taxes you pay from your net income.

    Then there’s what I call the work tax, commuting expenses. Car payment, gas oil registration repairs. AAA figures 80% of car expenses are for commuting to work. Put gas and repairs on a credit card because your take home isn’t enough to pay those expenses.
    So go into debt to get to work.

  127. @Priss Factor

    You are aware, I’m sure, that $100,000 doesn’t buy what it did ten years ago, let alone fifty years ago. Are these numbers adjusted for inflation?

    • Replies: @Michael888
  128. Alden says:
    @Priss Factor

    Cost of living has way way more than merely tripled in the last 50 years.

    It’s the necessary expenses housing utilities auto transportation gas car repairs food that have risen so much.

    It’s the unnecessary items, clothes toys housewares electronics that are cheap because they are cheap junk from slave labor China. But it’s the essentials that have been so inflated for 50 years. What’s the good of cheap pretty Walmart sofa cushions and microwaves if gas to get to work health insurance and winter heat bills are unaffordable?

    No wonder so many people give up and go on welfare and disability. A job that doesn’t pay enough for housing utilities food and commuting to work just isn’t worth it.

  129. aandrews says:
    @anon

    Was it the part about Bretton Woods or the part about Jews that you find gross??

    Or was it the part about the working class being parasitized?

  130. This ‘Jewish cartel’ is a coincidence of IQ. European Jews have this highest IQ in the world. They will be the wealthiest people on average as such, and good for them. The rest of us need them. Is there Jewish nepotism? Yes, that’s human nature. So what?

    There is no evil cabal of Jews planning the enslavement or demise of non-Jews just as there is no white cabal planning the enslavement or demise of non-whites. What there is are high IQ people rising to the top of all human endeavors that require intelligence. (Being a great receiver in the NFL is obviously not one of those). But in bureaucratic and political organizations, sociopathic/psychopathic personalities rise to the top as they are the most uninhibited by conscience in immoral behavior. Psychopathy exists in all ethnic groups regardless of IQ and very smart psychopaths can cause a lot of damage. So many very high IQ psychopaths/sociopaths will be in positions of bureaucratic and political power and will be Jewish by coincidence.

    The number of Jews of high intelligence that have contributed to all humanity are too numerous to name but I will name a few here off the top of my head: Rand, Menger, Mises, Hayek, Rothbard, Einstein, Feynman… the list goes on.

    In the future all humanity would get way more bang for the buck by focusing on identifiying sociopathy/psychopathy via checklist or brain scan and minimizing their influence until it can be eliminated via CRISPR or some other technology.

    As far as wage stagnation causes: 1) Ending the fiscal restraint of gold on money creation and government growth (a parasitic institution on the productive). This was done by non-Jews FDR and then to a further degree by Nixon. 2) Capital accumulation and decreasing costs of production of automation and efficiency creating technology is following a exponential rather than linear path. This is seen in the decreasing cost and increasing power of microprocessors over time. This was described by Ray Kurzweil (another very smart Jew that humanity would be worse off without)

    I’m not a Jew, but we need them. So don’t be stupid, OK?

    • Disagree: anarchyst
    • Replies: @aandrews
    , @anon
    , @anarchyst
  131. aandrews says:
    @BlueCapitalist

    “The rest of us need them.”

    The highest IQ in the world and a parasitic, predatory sub-group. And we need them. Correct?

    • Replies: @BlueCapitalist
  132. @Truth3

    There is another piece to the puzzle: the exchange stabilization fund. I believe this is why there will never be a true audit of the fed.

    Btw, the esf is an entity within the us government.

    [MORE]

  133. bjondo says:

    Nationalize the Fed, arrest former chairmen, then execute.

    Move on to Treasury honchos, repeat.

    Then to Wall St banks and hedge funds, repeat.

    Economy should do well.

  134. @aandrews

    The parasitic, predatory subgroup are the sociopaths/psychopaths, not the Jews.. Read the last sentence of my comment. Sounds like it might apply

  135. anon[454] • Disclaimer says:
    @BlueCapitalist

    High IQs are nice, but do not automatically make someone good or useful. You can have a high IQ and use it to contribute to society, or you can have a high IQ and use it to manipulate, harm, and exploit others, or be lazy and not use it much at all.

    Some mental disorders are much more common in certain demographic groups than others. You can’t claim Jews are uniquely special when talking about the good things they do and then say we’re all equally bad when it comes to the bad things they do. Saying that mental disorders exist in all groups equally ignores the reality that some mental disorders are far more common in certain ethnic groups. For example, schizophrenia is far more common among Jews: https://www.haaretz.com/.premium-ashkenazi-gene-increases-schizophrenia-1.5294333

    Rand convinced a bunch of high IQ people to stop having kids and focus solely on individualism to the detriment of cooperation and reproduction. Even if some parts of her philosophy are appealing, she got some really fundamental things wrong. And you can recognize that some Jews contribute significantly to society while others exploit and harm society. You clearly have a thing for libertarian Jews, but many of them pushed for open borders to replace the people who created western civilization with people who could barely maintain a civilization when Europeans gave it to them.

    Ending the gold standard had the effect it did partly because of our central bank. Had Congress ended the gold standard but run a stable currency that grew only as quickly as the market, we would not be seeing massive inflation and wealth redistribution from the working class to the rich. Ignoring the Fed’s role is a mistake. And since Jews are massively overrepresented among Fed chairs, ignoring the Jewish element to central banking is also a mistake.

    Simply dismissing the ideal of a Jewish cartel is ridiculous. Wealthy and powerful people have always conspired for their own gain. And when Jews are vastly overrepresented among the wealthy and powerful, it stands to reason that they’re conspiring in various ways for their own gain. When our economy isn’t working for the vast majority of workers, and Jews are massively overrepresented among the handful of the most wealthy and people who’ve taken advantage of our broken economy and exploit our workers, the angry masses of screwed over workers are eventually going to come to one of two conclusions. Either it’s a specific cartel of corrupt people who are much more Jewish than the general population, in which case we need to deal with those specific people who are mostly Jewish but not all Jews, or there is something inherently different about Jews that makes them more likely to manipulate the system and exploit others for their own gain, in which case we must deal with all Jews. I much prefer the first option. If you really think we need the good Jews, then it is that much more important that we deal with the bad ones to keep them from giving the good ones a bad name by association.

    • Replies: @Alden
    , @Poupon Marx
  136. @Daniel H

    This is one of the stupidest comments I’ve read in a long time.

  137. though according to many sources pay is increasing under Trump at a faster rate than it did for most of the past few decades.

    LOL! Pay for whom? The rent seeking 1%? Parasites on Wall St? Yeah, no shit. Skew some numbers here and there and you can make anything seem true to Fox News viewers. Poverty is apparently falling too because they can just redefine “poverty”

    A better explanation is needed.

    Yet another shill that blames everything but capitalism itself. Blame the Jews, Mexicans, The Fed, Negros, Bugs Bunny, blame everything except for the system itself. The system is working exactly as it was designed to work folks, the system itself is the problem.

    The system hasn’t been corrupted, the system was designed in the era of widespread slavery, it has always been corrupt. The system was designed to shift profits from the workers (slaves) to the slave owners (capitalists). Capitalism cannot survive without theft. The system wasn’t designed to create a vibrant middle class, the reforms to the system in the 30’s, The New Deal is what created the vibrant middle class. These reforms have been pulled back by the robber barons of today to take us back to the Gilded Age, where only a few elites control the entire wealth of the country.

    Everyone talks about the good ol days when we had pure capitalism. When the hell was that? The Gilded age? Colonial days when they massacred the natives, stole the land? The slavery and indentured servitude days? The good ol days of child labor and the Pinkertons shooting down workers like dogs for protesting slave like conditions and pay? Haha! America has been at war for pretty much its entire history. Why? Because capitalism cannot survive without theft, read Smedley Butler.

    Keep blaming The Fed boogeyman though, just ignore the fact that life for workers was even worse before the Fed was ever created. Also ignore the fact that the Fed is a capitalist creation, is controlled by capitalists, and serves capitalists.

    Capitalism will always end up with a few hundred people owning everything (monopolies). Happened here before the Federal Reserve was created, before social security, welfare, anti trust, new deal, income tax and with sound gold backed money. Now it has happened again. Big surprise! 400 or so families own half the world’s wealth. That is theft! That is capitalism!

    Keeping folks in debt is no accident, debt slaves are easy to control. Its hard to go out and protest when you can’t miss a days work ain’t it slaves?

    • Replies: @anon
    , @Greg the American
  138. anon[454] • Disclaimer says:
    @redmudhooch

    From the 1940s until the early 70s capitalism worked fine and worker pay increased steadily every year. Market capitalism can do a lot of good for workers. The problem is centrally planned capitalism, which is what we’ve had since the early 70s, where central planners are able to direct wealth upwards and manipulate the economy to keep workers from gaining the full benefits of their productivity.

    • Replies: @redmudhooch
    , @MarkinLA
  139. MarkinPNW says:
    @Daniel H

    Daniel, I think you forgot the /S at the end.

  140. @anon

    Read my comment.

    The New Deal is what created the vibrant middle class. These reforms have been pulled back by the robber barons of today to take us back to the Gilded Age, where only a few elites control the entire wealth of the country.

    In other words it took a lot of govt. intervention to make it work reasonably well for some Americans. There was still a lot of serious poverty, especially in rural areas of the country. Your laissez faire capitalism, free trade, free market, trickle down economics, is what brought us what we have today. Monopolies, offshoring middle class jobs, etc…..

    I see you missed the part about war. Go ask Iran, Vietnam, Cambodia, Chile, Bolivia, Guatemala and all the others they had to rob and murder all those years to “make it work”, how well it works..

    That leads us right to where we are today, with people fleeing their homes coming to our border and Europe to escape the hell they have created to “make it work”

    Its theft and murder that “makes it work”

    Again go read Smedley Butler, nothing has changed, CIA still starting wars, supporting and arming terrorists, raising hell to protect the interests of the capitalist ruling class.

    https://www.globalresearch.ca/a-timeline-of-cia-atrocities/5348804

    • Replies: @anon
  141. Dutch Boy says:
    @Achmed E. Newman

    I’m all for sound money myself as long as it’s not a euphemism for deflationary policies that help the creditor class and screw the debtors.

  142. This is why I also blame the MSM and all these puppet politicians for all the racism and “antisemitism” that exists in the world today. They’re never honest about why things are the way they are. They will never criticize the golden goose that is capitalism. Why is that? Because the MSM channels/papers/websites as well as many alternative ones are owned by the capitalists!

    The MSM and political class would rather people blamed the Jews, the Mexicans, or anyone else so long as they don’t blame capitalism.

    So next time you hear them whining about all the racism, all the antisemites, those evil white supremacists, shooting innocent people, know that they are FULL OF SHIT! Because they will never tell you the truth. Its the system. They’re perfectly happy with all the racism and hatred between the slaves. They protect their own. They’re 100% responsible for it.

    Peace!

  143. MarkinLA says:
    @Daniel H

    This is a stupid analogy. Taking a company private is not illegal and the initial use of junk bonds was to fund the expansion of companies who could not get IPOs done. Prior to brokerages being publicly traded companies, they were partnerships. Taking a company public put the partners on the line so it was not done lightly. The cell phone company MCA could not get such financing and turned to junk bonds. Some investors don’t want equity in a company, they want income. Prior to today’s crazy valuatons, stocks usually only paid relatively small dividends and stocks had little security if the business went bad.

  144. MarkinLA says:
    @anon

    The problem is centrally planned capitalism,

    This isn’t the problem. The problem is the imbalance in the power of the workers versus the management – much of it was created at the behest of the management class. Lies like free trade was going to allow American companies to expand and export were pushed by the media. It wasn’t central planning it was government listening to academics in economics departments and business schools, as well as corporate leaders.

  145. Hail says: • Website
    @Pegasus

    What is that single Israeli newspaper’s source for their claim that Paul Volcker had “Jewish parents”?

    How do they have better information than the rest of the world and his known biography going back many decades?

    You seem to believe in Jewish omnipotence and omniscience.

    Would you or any of the others who insist, without real evidence, in this false claim of Jewishness, mind finding any other person named Volcker or Volker who is/was Jewish? Oh, you can’t? Well let me guess at your next tactic: Make an unfounded claim that the family must have “changed its name” to a typical, strong North German name to conceal its Judaic origin and fool us goyim. Thus the claim is made unfalsifiable!

    If a Paul Volcker family member released 23andMe results showing ~0.0% Jewish ancestry, you’ll have to come up with something good.

  146. anarchyst says:
    @BlueCapitalist

    The one reason that makes “specials” so successful is that they formulate and enact laws (civil-rights for some) that deny us whites the right to look after our own self-interest while they flout the laws that are imposed on the rest of us. THAT, my friend is a reason for their “success”.

    A good example of jewish flouting of “civil-rights” laws is the jewish community of Kiryas Joel, New York, among others. If you are not jewish, you cannot buy property there, nor can you send your non-jewish children to the (jews-only) “public” schools.

    Not only that, but most of the jews who occupy Kiryas Joel and other “jews only” communities also take advantage of “social services” and “welfare” programs out of proportion to their numbers. Almost every jew is running some kind of “scam” on the American “social welfare system”.

    You see, “multiculturalism and diversity for thee, but not for me” is the jewish mantra and is the primary way that they destroy cultures and civilizations. Their lack of morality figures heavily into their success. Jews think nothing of screwing over a “goy”; it is just “normal business” for them…

    Jews are the only group that lacks a moral component. Jews are very amoral, think nothing of screwing a “goy” out of money, possessions, or even reputation or life. You see, the jewish talmud elevates the jew above all others, “goyim” being “livestock with souls, created only to serve the jew”.

    This amorality is a critical component in jewish life and is partially responsible for jewish successes. When one does not possess a moral compass that defines and separates “right from wrong” THAT in itself gives the jew greater latitude to “get what he wants” as there are “no limits” on what a jew may do to gain the advantage in just about any situation. The lack of a moral component within jewish life is a major reason for jewish supremacy in civilized societies.

    It’s not “smarts” or “IQ” that gives jews an advantage over gentile whites, but is their rabid insistence on cultural and social cohesiveness, insularity and nepotism (but only for themselves) that gives them an “advantage”.

    This same cultural and social cohesiveness that is prized so highly by jewish interests is denied to gentile whites. Jews, to a man will fight to deny this same cultural and social cohesiveness to gentile whites that they themselves enjoy as it is a major part of the jewish purpose–the destruction of gentile white culture, which IS superior to any jewish cultural or social society. If jews did not possess this power, they would most likely be rag merchants, liquor merchants, or furniture merchants–nothing more.

    As I have previously stated, jewish success is based on cultural and social cohesiveness and insularity–NOT “smarts” or “IQ”. Once enough jews get into a position of power in the work world or education systems, they will hire and promote their own, even bypassing more qualified gentile white candidates.

    Jews have latched on to cultural cohesiveness and nepotism, as it serves their purpose exceedingly well.

    At the same time, jews pushed the concept of racial “equality”, (but only for gentile whites), backing it up with “civil-rights” and “equal accommodation” laws which are enforced by governments–but only against whites. These “civil-rights” laws are used as a “battering ram” against gentile whites to diffuse and fragment any semblance of gentile white solidarity and cohesiveness that may arise.

  147. Hail says: • Website
    @Pegasus

    I don’t see how that foreign (Israeli) newspaper writer, whoever it was, had any special insight into the life of an American that the rest of us don’t. I am presuming he simply guessed Volcker was Jewish because he was an economist / Fed chairman with a German-sounding name, and no one bothered to fact-check it. The alternative is, the entire rest of the world is wrong and that one writer had super-secret special information, presumably privy only to Jews.

    More likely explanation: The Internet is a vast place, and you can find some bozo claiming anything. (Cf. the many places online to find Flat-Earth-ism), and this includes fact-check errors in newspapers from years ago.

    Here, on the other hand, is someone writing on Volcker who does have special insight — his biographer, Joseph Treaster.

    From:

    Paul Volcker: The Making of a Financial Legend
    By Joseph B. Treaster
    2004

    Using Google Books, you can search by keyword. There is no mention of any Jewish origin whatsoever. There is only one family-related mention of Judaism, which seems pretty solid proof he was a German-Lutheran (with a German-Lutheran’s instinct for belt-tightening economics), as we all knew all along:

    Virginia was the first of the Volcker children to be married. But she decided it would be better if it weree not a big event. Her parents had not been thrilled by her choice.

    What was the reason daughter Virginia gave, and the biographer lays out, for why Paul Volcker and his wife were against Virginia’s boyfriend?

    Hal Streitfeld [the then-boyfriend], as [Virginia (nee Volcker)] puts it, was not a gung ho type of guy. He did not like to go fishing with her dad. He was very much into reading and music, especially classical jazz. He was also Jewish. “That was a little disconcerting to my family,” Virginia says. “My parents never quite like him. […]

    So, far from being “Jewish,” Paul Volcker was closer to being anti-Semitic!

    Here is something of what the biography says of Volcker’s parents and grandparents:

    Paul’s grandfather, Adolph Volcker, gave the family its height and its determined reticence. He had come from a big family of big boys, all very tall. He stood 6 feet, 4 inches and weighed 300 pounds and had the bearing of a military commander. He had come to the United States in the late 1800s from the German town of Meppen, near the Dutch border. He worked as a tea and coffee wholesaler and eventually married another German immigrant, Pauline Keyser, from Eisenach, near Dresden. She taught school in Hoboken, New Jersey. At first, they lived in Hoboken, where Paul’s father was born in 1889; then the family moved […]

    This description of the grandfather seems about the least-Jewish description of a man I can imagine. Nothing in it suggesting any Judaic origin. Nothing at all in the entire biography. Everything suggesting German Christian (Lutheran) origin.

    __________

    The author of this article seriously undermines his own credibility by making wild, unsourced accusations like he has. I’d advise him to either be more careful, or have someone critically review the claims made in the article before publishing. If you make known-to-be-wrong accusations and do not even provide the thinnest of sources, you look bad and lose the best of your potential audience.

  148. @Alden

    It is true that the fossil fuel industry did everything possible to turn the public against nuclear power. But it certainly wasn’t just liberals. The fossil fuel industry is full of conservatives.

    • Replies: @Alden
  149. The article is solid, if not novel, until it gets to the cause.

    Blaming it on Jewish billionaires and Jewish Fed heads seems a stretch. Blaming it on Wall Street, the Fed and billionaires in general is probably correct, but more in-depth explanation of contributing systematic causes of structural inequality is needed.

    • Replies: @anon
  150. anon[454] • Disclaimer says:
    @redmudhooch

    The New Deal didn’t even pull us out of the depression, and we have more welfare statism than ever now, which is doing nothing but covering up the problems of workers not getting paid what their pay is worth by giving free stuff to people at the bottom whether they work or not at the expense of the shrinking middle class.

    What you call trickle down economics is the result of central planning that redistributes wealth to the rich by allowing the banker and investor class to create money through debt and thereby redistribute wealth to themselves from the working and middle class.

    We were far less interventionist in the 50s and 60s when capitalism was working than we are today, and when we did intervene in Korea, we did so to stop communism and fought to win, unlike today’s CIA wars. Those CIA wars are being fought for the sake of central bankers and the financial cartel whose existence you deny.

    • Replies: @Justvisiting
  151. anon[454] • Disclaimer says:
    @Michael888

    Inequality in and of itself isn’t strictly a problem – some people contribute more to society than others, after all. The real question here is one of meritocracy – if today’s workers are the most educated and tech savvy workforce in history (and they are), why aren’t they getting paid like it? If there is a large portion of the working and middle class whose pay is far less than you’d expect based on their growing productivity, the fact that they’re putting more into society than they’re getting from it is the problem. The lack of reciprocity is the problem. Not the lack of equality.

    Over 1/3 of American billionaires are Jews in a country that is only about 2% Jewish after decades of Jewish control of American economic institutions. About 1/3 of the working and middle class’ pay is missing relative to what it should be based on productivity. If something is stolen from you, and the person who had the most access and would have had the easiest time stealing it suddenly has whatever was stolen from you, how unreasonable is it to assume they’re guilty?

    For a pop culture analogy, if you’ve seen the Superman movie with Richard Prior, think about the scene where he steals a bunch of money from the company he works for, and the board members are sitting around talking about how smart the thief was and how hard he will probably be to catch, when one of them looks out the window and sees Prior pull up in a brand new convertible and fancy suit that are way past his pay grade and instantly figures out who it was. It’s about that obvious. The people with about the right amount of extra money are the most likely suspects. After all, if you really believe in equality, the Jews should be no more over-represented among billionaires than anyone else. And yet they are, by about the same amount that’s been stolen from us. It’s not that hard to put two and two together.

    • Agree: anarchyst
  152. @RadicalCenter

    $35K in 1968 is worth $259K today. Those ‘half of the country’ making $35K to $100K in 1968 were clearly much richer than those making $100K or more today, unless corrected for inflation.
    The article cited
    https://www.libertynation.com/swamponomics-a-booming-middle-class-and-a-dying-ipo-market/ does not mention correction for constant dollar value change over 50 years

  153. Parfois1 says:
    @anarchyst

    Ford paid his employees well above the “market wages” of the day. Although not entirely altruistic, Ford recognized that well-paid employees were much more efficient, as well as having a positive attitude about work and company loyalty.

    Maybe that’s the reason why Ford was admired by the old Bolsheviks as an “enlightened capitalist”, like a new Engels. Also for the improvements in productivity, which they introduced in their industrialisation programme (as well as purloined vehicle designs). As an aside, Ford made a not insignificant contribution to the victory of the Red Army!

    There were notable industrialists who cared for their workforce, especially when they were part of the local communities and the businesses were family owned, as Ford’s was. But financial Capitalism took over and the absentee investor class only cares for the balance sheet and return on the capital; the result – predatory Capitalism.

    • Replies: @anarchyst
  154. anarchyst says:
    @Parfois1

    You are correct. Ford did export his assembly-line processes to the Soviet Union.

    Your term “Predatory capitalism” to describe today’s situation is spot on.

    Regards,

  155. anon[498] • Disclaimer says:

    If the author implies Talmudic gentile-and-Christian-hating-Jews, then yes he is correct. But to imply all Jews are part of this is ridiculous. As supposed “anti-Semite” preacher Steven Anderson has proven (in a manner of speaking anyway, graphically and mathematically), nearly everyone on Earth (except maybe African Bushmen and perhaps Eskimos and Aussie Aboriginees/NZ Maoris) has Israelite or “Jewish” DNA in them–including Anderson, whose grandmother on his mother’s side has Ashkenazim DNA! Why? Because in the period between the destruction of Jerusalem in 70AD and the Mossada Rebellion in 132 AD, the Israelites/Jews were sent by the Romans on verious diasporas, and then in the 700s the Khazarian empire converted to Judaism and when the Mongols etc. invaded they drove the Khazarians into east Europe and other places. heck it wouldn’t surprise me if I had Jewish DNA either, even though I am mostly of Celtic origian. So stop blaming “Jews” and blame the Synagogue of Satan (the Pharisees Christ condemned who later codified their Satanic garbage into the Talmud as well as Kabbalah-Zohar) which wants to enslave all gentiles (and Jews who oppose them) and murder all Christians.

  156. “If only we had more free market then stealing the worker’s pay would be justified.”

    You people have cross-eyed brains.

  157. Alden says:
    @anon

    Oh, so blue capitalist meant popular novelist Ayn Rand. I thought he or she meant the founder of high tech company Sperry Rand and the Rand corporation and Rand research center.

    Rand of Sperry Rand was important. Popular novelist Ayn just a popular novelist.

  158. Alden says:
    @davidgmillsatty

    I meant it was obvious the oil industry created and subsidized the naive liberals who demonstrated against nuclear power.

    Nowadays the naive fool idiot liberals and environmentalists are agitating against gas stoves clothes dryers and home heating. Electric stoves dryers and home heating will become mandatory in all new buildings to save Mother Gaia from dirty natural gas home heating.

    Who benefits? Who’s creating and funding the pro electric anti gas home heating save the earth movement

    The entire electrical industry from the copper mines to the guys who will rip out your affordable gas furnace and install unaffordable electrical stoves clothes dryers and furnaces

    • Replies: @anarchyst
  159. bluedog says:
    @Wizard of Oz

    What a load of bullshit where due to compound interest it now takes 40 to 50 years to pay off a house, or cost due to that same interest some $300,000+ for an 1800 sq. foot house,hell a car some 7-8 years.The Fed. should along with the central bank have been buried long ago along with those who dreamed them, up along with their ponzi scheme of screwing over the people,be interesting as the Fed. goes for zero interest rates (banks can borrow money free,free,free) if you still must pay the same interest rates on a house,car or other items purchased lol I bet you will or maybe higher!!

    • Replies: @RadicalCenter
  160. anarchyst says:
    @Alden

    It is obvious that you know very little about scientific principles and basic physics.

    Utilization of energy is what drives and propels modern society. The greater the utilization of energy, the more advanced the civilization.

    Electricity cannot be easily stored. It must be used immediately when it is generated. This is why electric power generation stations have excess capacity. They need to be able to cover the “peak periods” of electricity usage to avoid brownouts and blackouts.

    Hydrocarbon products are convenient sources of stored energy and can easily be transported and used as needed.

    Hydrocarbon products store a lot of energy in a small, easily transportable package; hence, the ease of use makes oil and natural gas good, inexpensive energy sources.

    Nuclear power is no different than electricity with all of the attendant problems of electricity because the results (steam energy) generates electricity and must be used as it is generated. This is no different than today’s non-nuclear electrical power plants.

    Electricity, especially as a prime mover for transportation is still “not ready for prime time” and will not be for some time. With gasoline or diesel fuel, one can replenish them as energy sources in minutes, while electric car batteries need hours to recharge.

    It is laughable to think that there is a conspiracy by oil interests to denigrate nuclear power. All energy sources have their advantages and disadvantages.

    • Replies: @davidgmillsatty
    , @Alden
  161. @bluedog

    You’re right.

    On a related note: Instead of bailing out banks and financiers ten years ago, the us government could have used that money to refinance all US citizens’ Mortgages at zero or one percent. I guess the American people aren’t “too big to fail.”

  162. @BlueCapitalist

    You don’t even have to read K MacDonald or any of the other normal Jew-wise canon to see this. You can read Solzhenitsyn’s 200 Years Together or the words of various Jews themselves (Slezkine’s The Jewish Century is a good start, but there are others). You can just open your eyes to what is around you. The FIRE economy is largely extractive. There is a point to finance in a proper economy in venture capital, in funding novel or risky (but worthwhile) businesses, and so on. But the mission creep of finance and the general FIRE economy is such that it’s basically a system for collecting rents.

    In 1200 or 1400, elites of many countries in Europe, especially in Russia and the Polish-Lithuanian Commonwealth, used Jews as tax collectors. For the past 70 or so years, they’ve been tax collectors, in some cases quite literally collecting taxes for instance for Israeli slush funds be it the Israeli national coffers or various Israeli NGOs (AIPAC, ADL, B’nai Brith, SPLC, Friends of Israel, Mega Group, etc.). In some cases, they’ve been squeezing the products of inflated currency, the equivalent of coin clipping in the old days only now they either influence central banks or directly run them. Those who receive the inflated dosh first gain its windfalls and everyone else loses in proportion to their distance from the money press. In many cases, they’ve been running extractive industries (FIRE, media-arts-entertainment) with an eye toward collecting rents, subversion, and social control.

    One can advocate for anyone’s interests except that of European peoples. Only European interests, be they in Europe or in the colonies, are beyond the Pale. Only European interests can be thwarted, subverted, and decried as this thing and that thing and ‘literally Hitler.’ One can be as vocal as one likes in pushing Israeli interests and one will find only laurels and praise from the degenerate circus masters. Try the same for the European host populations and one will find themselves mocked, villainized, and cast out and condemned. The contrast couldn’t be starker.

    Do Jews run everything? Obviously not. They run a disproportionate amount of important things though, especially in the FIRE sector and in the arts-media-entertainment complex. They leverage overwhelming control in those areas and control of key nodes in other organizations to establish a consensus. Aggressive networking and social policing keeps them where they are. The Jews are not the whole of this consensus. They have partners, collaborators, lackeys, and traitors at their beck of course. Look up the Trilateral Commission, the CFR, the chairs of the Federal Reserve, and tell me I’m wrong. Keep in mind that Jews have an average IQ of 105-107 and are 1.5-2% of the US and less than 1% of the total population of Western Europe and Australia.

    • Replies: @anarchyst
  163. Malla says:
    @Wally

    Wow, the whole religion is custom made to infiltrate and take down societies.

  164. Malla says:

    Check out this video. This is crazy.

    Silent Weapons For Quiet Wars Document – Full Read
    Very disturbing. Mentions the Rothschilds. Lot of technical stuff, mostly Electronics and Operational Amplifiers but even if you are not into this stuff, it is still worth a listen. I’m sad that people won’t and don’t believe how deep of shit the World’s people are in…

  165. anarchyst says:
    @simonvmentvm

    The one reason that makes jews so successful is that they formulate and enact laws (civil-rights for some) that deny us whites the right to look after our own self-interest while they flout the laws that are imposed on the rest of us. THAT, my friend is a reason for their “success”.

    A good example of jewish flouting of “civil-rights” laws is the jewish community of Kiryas Joel, New York, among others. If you are not jewish, you cannot buy property there, nor can you send your non-jewish children to the (jews-only) “public” schools.

    Not only that, but most of the jews who occupy Kiryas Joel and other “jews only” communities also take advantage of “social services” and “welfare” programs out of proportion to their numbers. Almost every jew is running some kind of “scam” on the American “social welfare system”.

    You see, “multiculturalism and diversity for thee, but not for me” is the jewish mantra and is the primary way that they destroy cultures and civilizations. Their lack of morality figures heavily into their success. Jews think nothing of screwing over a “goy”; it is just “normal business” for them…

    Jews are the only group that lacks a moral component. Jews are very amoral, think nothing of screwing a “goy” out of money, possessions, or even reputation or life. You see, the jewish talmud elevates the jew above all others, “goyim” being “livestock with souls, created only to serve the jew”.

    This amorality is a critical component in jewish life and is partially responsible for jewish successes. When one does not possess a moral compass that defines and separates “right from wrong” THAT in itself gives the jew greater latitude to “get what he wants” as there are “no limits” on what a jew may do to gain the advantage in just about any situation. The lack of a moral component within jewish life is a major reason for jewish supremacy in civilized societies.

    It’s not “smarts” or “IQ” that gives jews an advantage over gentile whites, but is their rabid insistence on cultural and social cohesiveness, insularity and nepotism (but only for themselves) that gives them an “advantage”.

    This same cultural and social cohesiveness that is prized so highly by jewish interests is denied to gentile whites. Jews, to a man will fight to deny this same cultural and social cohesiveness to gentile whites that they themselves enjoy as it is a major part of the jewish purpose–the destruction of gentile white culture, which IS superior to any jewish cultural or social society. If jews did not possess this power, they would most likely be rag merchants, liquor merchants, or furniture merchants–nothing more.

    As I have previously stated, jewish success is based on cultural and social cohesiveness and insularity–NOT “smarts” or “IQ”. Once enough jews get into a position of power in the work world or education systems, they will hire and promote their own, even bypassing more qualified gentile white candidates.

    Jews have latched on to cultural cohesiveness and nepotism, as it serves their purpose exceedingly well.

    At the same time, jews pushed the concept of racial “equality”, (but only for gentile whites), backing it up with “civil-rights” and “equal accommodation” laws which are enforced by governments–but only against whites. These “civil-rights” laws are used as a “battering ram” against gentile whites to diffuse and fragment any semblance of gentile white solidarity and cohesiveness that may arise.

    A great reckoning dealing with the jews is coming. As us gentile whites become more marginalized, the accusation of being tagged as “racist” or a “holocaust denier” is rapidly losing its “sting”.

    Increasingly, jews are more wary of being “called out” and recognized as “jews”. One can call a jew a shyster, shylock, bankster, criminal or ne-er-do-well, and it will roll off his back like water off a duck, BUT call a jew a “jew”, and he will recoil in horror, having been “found out”.

  166. @Anon

    LOL. You must be an act-Dem-anemic. Even Allen Dershowitz refers to the subspecies academic professoriate of humans who possess extreme cowardice, collectivism of thought, and mental and character problems. Insecure would be a complement. Soooooo sorry for the misspelling Mrs. Desicate-Twat.

    The Anon avatar suggests a pansy who shoots verbal darts and runs to hide. F you.

  167. Bill says:
    @Hail

    At first blush, inflation miscalculations doesn’t make sense as an explanation of a divergence between wages and labor productivity. Speaking roughly in the following. Real wage growth is wage growth minus inflation. Real productivity growth is growth in sales divided by growth in labor inputs minus inflation. Mismeasured inflation should do approximately nothing to the difference between these two things. The only way it could is if the inflation measures in the two calculations were different and the mismeasurement somehow affected one a lot more than the other.

  168. @anon

    Nobody who relies on empirical data, common sense, and direct or indirect observation could disagree with you. What you wrote is demonstrable and replicable.

    It has been said, in so many words, many times before. The real question is: is it having much effect on the afflicted?

  169. @anon

    when we did intervene in Korea, we did so to stop communism and fought to win, unlike today’s CIA wars. Those CIA wars are being fought for the sake of central bankers and the financial cartel

    The rabbit hole is a little bit deeper than you think.

    Some bedtime reading:

  170. Voltara says:
    @Agent76

    The 22 trillion is chicken feed compared to the $500 trillion + of derivatives. They’ll keep taking the interest payments on the 22T but they don’t want to crash the system over a small piece of the bigger scam. Nobody expects the 22T to be repaid and nobody will demand it be repaid

  171. Gyre07 says:

    News Flash: America remains an economic and spiritual shithole for most Americans. Let’s kill our politicians and the wealthy pricks who subsidize their complicity in the scam.

  172. Workers still paid by the hour?! Gimme a break! This is a scam number one among the many.
    In the 21st Century the workers can be easily paid at the end of the work day.Direct deposit.
    Every working day.The entire payroll accounting system is designed to screw the worker,use his earnings to max the interest on his earnings for all that’s worth.
    The fed income tax should be voluntary for the working class.Instead its the opposite.
    Who says that the rich are the ones that pay most of the fed income tax?
    The taxes are taken upfront from every damn earned paycheck from the wage slave.
    But no worries, soon AI will have no need for that class anyway.
    Free computer currency cash will be on its way….but for a while.

  173. @anarchyst

    Of course they denigrate nuclear power. If they didn’t they would use it to makes synthetic “fossil” fuels. It would be far cheaper to make a nuclear power plant that makes synthetic “fossil” fuels than it would be to drill for oil and gas, especially for offshore fields. With molten salt thorium reactors you can easily make all the fossil fuels society needs from the carbonic acid in sea water. At the fore front of nuclear power the fossil fuel industry bashed nuclear safety.

    And curiously the fossil fuel industry loves to bash the lack of energy density of renewables yet fossil fuels are only one millionth as energy dense as nuclear.

    • Replies: @anarchyst
  174. Alden says:
    @anarchyst

    I know for a fact that the Rockefeller foundation funded the demonstrations against the Mt Diablo nuclear power plant. As for the electrical industry, the family business has greatly profited from all this green refitting of lighting of public buildings city street lights etc.

    Obviously lobbying governments to out law gas heat benefits the electrical industry whose products will replace all gas furnaces water heaters stoves and dryers with electric ones. Never mentioned is the cost of electric furnaces water heaters and dryers. So the consumers will lose.

    I’ve observed that every movement for healthy food, healthy living, fossil vs nuclear vs electrical is just a firm of marketing.

    The chicken and fish producers scream that beef and pork cause heart attacks. The grain farmers Pillsbury Mills and cereal companies scream that eggs cause heart attacks and high cholesterol. So eat healthy cereal muffins and pancakes and avoid the cholesterol that causes heart attack. A shoe company wants to sell its Nike shoes and markets the shoes by starting the fad for jogging.

    The electrical industry figures a way to redo the electric lights in every public building in America. So green electricity is born. Save Mother Gaia by spending billions of dollars to redo the electricity in every public building in the country.

    Half the shut downs of projects because of environmental concerns are because a competing industry funds a non profit save the world group. The non profit discovers the competitor damages the environment. The non profit pressures the EPA and local governments. The competition is shut down by the government

    You’re extremely naive not to realize what’s behind so many of these movements. Unusual to find such a naive comment on UNZ. Since the family business is electrical contractor for about 130 years, I’m very aware of how electricity is produced and how it works.

    • Replies: @anarchyst
  175. @redmudhooch

    You’ve been “educated” well. Nearly every sentence you have written is hyperbole, out of historical context, or flat incorrect.

    It may be, in a successful economy, there could be rich people. Weird, right? Doesn’t make me a slave. In fact, isn’t it the lefties who always crowing about downsizing our lives for “happiness”.

    The world you live in is unprecedented, much like the computer you type on. Enjoy it, no one every in the history of the world has what you have now. Brought to you by “capitalism”…. yah, look it up.

  176. Vince D says:

    Want to discredit a perfectly valid economic analysis? Throw in Jew stuff. Thanks.

    • Replies: @anon
  177. @Sean

    Certainly not a lot of Jews among the workers that were being hammered by the new dispensation though.

    No skin in this side of the game called capitalism.

    (Whenever interests and conspiracy theories collide, look for the interests. The big money machine does serve the interests of those atop of it. Be they black or white, so to speak).

  178. anarchyst says:
    @Alden

    Not naivete at all. You are correct that these left-leaning foundations are responsible for funding questionable environmental movements.

    All throughout history, the established businesses always resented the “newcomer”, especially those with new ideas. Luddites who smashed machinery are but one example.

    Yes, almost every industry has an interest in demonizing its competition. That is the nature of capitalism. Even “buggy whip” manufacturers hated the automobile.

    You are correct about environmentalism being a “poison” foisted on an uneducated public. Environmentalism is communistic in nature as it relies on the force of governments to insure “compliance with insane “environmental rules”, and quite often results in an unconstitutional “taking” of private property, either by restrictions on use or outright confiscation.

    There is a big difference between electrical contracting and engineering…

    Regards,

  179. anarchyst says:
    @davidgmillsatty

    Far from being “fossil fuel”, hydrocarbons are not only plentiful but are being renewed by yet-unknown processes deep within the earth.

    The term “fossil fuel” was coined in the 1950s when little was known about the processes by which oil is produced. Oil is “abiotic” in nature, as even depleted oil wells are “filling back up” from deep below the earth’s surface.
    Oil interests are drilling wells at 5,000 feet, 10,000 feet, and 15,000 feet and deeper, and coming up with oil deposits way below the layers and levels where “fossils” were known to exist.

    As Russia gained much expertise in deep-well drilling and coming up with oil deposits far deeper than that of the level of “fossils”, abiotic oil at extreme depths was actually a Russian ‘state secret” for a long time.

    Not only that, but there are planetary bodies in which hydrocarbons are naturally occurring (without fossils).

    “Peak oil” and “fossil fuels” are discredited concepts that environmentalists and others are latching on to, in order to display their hatred of oil being a renewable resource as well as to push prices up.
    Follow the money.

  180. anon[454] • Disclaimer says:
    @Vince D

    Being Jewish makes you 20 times as likely to be a billionaire as not being Jewish and you think that discredits an economic analysis that you otherwise found completely valid? Maybe the problem is you’re afraid to question the most wealthy and powerful people in the world.

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