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Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding in plain sight. And this phenomenon of ever more concentrated wealth and power has both Newtonian and Darwinian components to it.

In terms of Newton’s first law of motion: those in power will remain in power unless acted upon by an external force. Those who are wealthy will only gain in wealth as long as nothing deflects them from their present course. As for Darwin, in the world of financial evolution, those with wealth or power will do what’s in their best interest to protect that wealth, even if it’s in no one else’s interest at all.

In George Orwell’s iconic 1945 novel, Animal Farm, the pigs who gain control in a rebellion against a human farmer eventually impose a dictatorship on the other animals on the basis of a single commandment: “All animals are equal, but some animals are more equal than others.” In terms of the American republic, the modern equivalent would be: “All citizens are equal, but the wealthy are so much more equal than anyone else (and plan to remain that way).”

Certainly, inequality is the economic great wall between those with power and those without it.

As the animals of Orwell’s farm grew ever less equal, so in the present moment in a country that still claims equal opportunity for its citizens, one in which three Americans now have as much wealth as the bottom half of society (160 million people), you could certainly say that we live in an increasingly Orwellian society. Or perhaps an increasingly Twainian one.

After all, Mark Twain and Charles Dudley Warner wrote a classic 1873 novel that put an unforgettable label on their moment and could do the same for ours. The Gilded Age: A Tale of Today depicted the greed and political corruption of post-Civil War America. Its title caught the spirit of what proved to be a long moment when the uber-rich came to dominate Washington and the rest of America. It was a period saturated with robber barons, professional grifters, and incomprehensibly wealthy banking magnates. (Anything sound familiar?) The main difference between that last century’s gilded moment and this one was that those robber barons built tangible things like railroads. Today’s equivalent crew of the mega-wealthy build remarkably intangible things like tech and electronic platforms, while a grifter of a president opts for the only new infrastructure in sight, a great wall to nowhere.

In Twain’s epoch, the U.S. was emerging from the Civil War. Opportunists were rising from the ashes of the nation’s battered soul. Land speculation, government lobbying, and shady deals soon converged to create an unequal society of the first order (at least until now). Soon after their novel came out, a series of recessions ravaged the country, followed by a 1907 financial panic in New York City caused by a speculator-led copper-market scam.

From the late 1890s on, the most powerful banker on the planet, J.P. Morgan, was called upon multiple times to bail out a country on the economic edge. In 1907, Treasury Secretary George Cortelyou provided him with $25 million in bailout money at the request of President Theodore Roosevelt to stabilize Wall Street and calm frantic citizens trying to withdraw their deposits from banks around the country. And this Morgan did — by helping his friends and their companies, while skimming money off the top himself. As for the most troubled banks holding the savings of ordinary people? Well, they folded. (Shades of the 2007-2008 meltdown and bailout anyone?)

The leading bankers who had received that bounty from the government went on to cause the Crash of 1929. Not surprisingly, much speculation and fraud preceded it. In those years, the novelist F. Scott Fitzgerald caught the era’s spirit of grotesque inequality in The Great Gatsby when one of his characters comments: “Let me tell you about the very rich. They are different from you and me.” The same could certainly be said of today when it comes to the gaping maw between the have-nots and have-a-lots.

Income vs. Wealth

To fully grasp the nature of inequality in our twenty-first-century gilded age, it’s important to understand the difference between wealth and income and what kinds of inequality stem from each. Simply put, income is how much money you make in terms of paid work or any return on investments or assets (or other things you own that have the potential to change in value). Wealth is simply the gross accumulation of those very assets and any return or appreciation on them. The more wealth you have, the easier it is to have a higher annual income.

Let’s break that down. If you earn $31,000 a year, the median salary for an individual in the United States today, your income would be that amount minus associated taxes (including federal, state, social security, and Medicare ones). On average, that means you would be left with about $26,000 before other expenses kicked in.

If your wealth is $1,000,000, however, and you put that into a savings account paying 2.25% interest, you could receive about $22,500 and, after taxes, be left with about $19,000, for doing nothing whatsoever.

To put all this in perspective, the top 1% of Americans now take home, on average, more than 40 times the incomes of the bottom 90%. And if you head for the top 0.1%, those figures only radically worsen. That tiny crew takes home more than 198 times the income of the bottom 90% percent. They also possess as much wealth as the nation’s bottom 90%. “Wealth,” as Adam Smith so classically noted almost two-and-a-half-centuries ago in The Wealth of Nations, “is power,” an adage that seldom, sadly, seems outdated.

A Case Study: Wealth, Inequality, and the Federal Reserve

Obviously, if you inherit wealth in this country, you’re instantly ahead of the game. In America, a third to nearly a half of all wealth is inherited rather than self-made. According to a New York Times investigation, for instance, President Donald Trump, from birth, received an estimated $413 million (in today’s dollars, that is) from his dear old dad and another $140 million (in today’s dollars) in loans. Not a bad way for a “businessman” to begin building the empire (of bankruptcies) that became the platform for a presidential campaign that oozed into actually running the country. Trump did it, in other words, the old-fashioned way — through inheritance.

In his megalomaniacal zeal to declare a national emergency at the southern border, that gilded millionaire-turned-billionaire-turned-president provides but one of many examples of a long record of abusing power. Unfortunately, in this country, few people consider record inequality (which is still growing) as another kind of abuse of power, another kind of great wall, in this case keeping not Central Americans but most U.S. citizens out.

The Federal Reserve, the country’s central bank that dictates the cost of money and that sustained Wall Street in the wake of the financial crisis of 2007-2008 (and since), has finally pointed out that such extreme levels of inequality are bad news for the rest of the country. As Fed Chairman Jerome Powell said at a town hall in Washington in early February, “We want prosperity to be widely shared. We need policies to make that happen.” Sadly, the Fed has largely contributed to increasing the systemic inequality now engrained in the financial and, by extension, political system. In a recent research paper, the Fed did, at least, underscore the consequences of inequality to the economy, showing that “income inequality can generate low aggregate demand, deflation pressure, excessive credit growth, and financial instability.”

In the wake of the global economic meltdown, however, the Fed took it upon itself to reduce the cost of money for big banks by chopping interest rates to zero (before eventually raising them to 2.5%) and buying $4.5 trillion in Treasury and mortgage bonds to lower it further. All this so that banks could ostensibly lend money more easily to Main Street and stimulate the economy. As Senator Bernie Sanders noted though, “The Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world… a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

The economy has been treading water ever since (especially compared to the stock market). Annual gross domestic product growth has not surpassed 3% in any year since the financial crisis, even as the level of the stock market tripled, grotesquely increasing the country’s inequality gap. None of this should have been surprising, since much of the excess money went straight to big banks, rich investors, and speculators. They then used it to invest in the stock and bond markets, but not in things that would matter to all the Americans outside that great wall of wealth.

The question is: Why are inequality and a flawed economic system mutually reinforcing? As a starting point, those able to invest in a stock market buoyed by the Fed’s policies only increased their wealth exponentially. In contrast, those relying on the economy to sustain them via wages and other income got shafted. Most people aren’t, of course, invested in the stock market, or really in anything. They can’t afford to be. It’s important to remember that nearly 80% of the population lives paycheck to paycheck.

The net result: an acute post-financial-crisis increase in wealth inequality — on top of the income inequality that was global but especially true in the United States. The crew in the top 1% that doesn’t rely on salaries to increase their wealth prospered fabulously. They, after all, now own more than half of all national wealth invested in stocks and mutual funds, so a soaring stock market disproportionately helps them. It’s also why the Federal Reserve subsidy policies to Wall Street banks have only added to the extreme wealth of those extreme few.

The Ramifications of Inequality

The list of negatives resulting from such inequality is long indeed. As a start, the only thing the majority of Americans possess a greater proportion of than that top 1% is a mountain of debt.

The bottom 90% are the lucky owners of about three-quarters of the country’s household debt. Mortgages, auto loans, student loans, and credit-card debt are cumulatively at a record-high $13.5 trillion.

And that’s just to start down a slippery slope. As Inequality.org reports, wealth and income inequality impact “everything from life expectancy to infant mortality and obesity.” High economic inequality and poor health, for instance, go hand and hand, or put another way, inequality compromises the overall health of the country. According to academic findings, income inequality is, in the most literal sense, making Americans sick. As one study put it, “Diseased and impoverished economic infrastructures [help] lead to diseased or impoverished or unbalanced bodies or minds.”

Then there’s Social Security, established in 1935 as a federal supplement for those in need who have also paid into the system through a tax on their wages. Today, all workers contribute 6.2% of their annual earnings and employers pay the other 6.2% (up to a cap of $132,900) into the Social Security system. Those making far more than that, specifically millionaires and billionaires, don’t have to pay a dime more on a proportional basis. In practice, that means about 94% of American workers and their employers paid the full 12.4% of their annual earnings toward Social Security, while the other 6% paid an often significantly smaller fraction of their earnings.

According to his own claims about his 2016 income, for instance, President Trump “contributed a mere 0.002 percent of his income to Social Security in 2016.” That means it would take nearly 22,000 additional workers earning the median U.S. salary to make up for what he doesn’t have to pay. And the greater the income inequality in this country, the more money those who make less have to put into the Social Security system on a proportional basis. In recent years, a staggering $1.4 trillion could have gone into that system, if there were no arbitrary payroll cap favoring the wealthy.

Inequality: A Dilemma With Global Implications

America is great at minting millionaires. It has the highest concentration of them, globally speaking, at 41%. (Another 24% of that millionaires’ club can be found in Europe.) And the top 1% of U.S. citizens earn 40 times the national average and own about 38.6% of the country’s total wealth. The highest figure in any other developed country is “only” 28%.

However, while the U.S. boasts of epic levels of inequality, it’s also a global trend. Consider this: the world’s richest 1% own 45% of total wealth on this planet. In contrast, 64% of the population (with an average of $10,000 in wealth to their name) holds less than 2%. And to widen the inequality picture a bit more, the world’s richest 10%, those having at least $100,000 in assets, own 84% of total global wealth.

The billionaires’ club is where it’s really at, though. According to Oxfam, the richest 42 billionaires have a combined wealth equal to that of the poorest 50% of humanity. Rest assured, however, that in this gilded century there’s inequality even among billionaires. After all, the 10 richest among them possess $745 billion in total global wealth. The next 10 down the list possess a mere $451.5 billion, and why even bother tallying the next 10 when you get the picture?

Oxfam also recently reported that “the number of billionaires has almost doubled, with a new billionaire created every two days between 2017 and 2018. They have now more wealth than ever before while almost half of humanity have barely escaped extreme poverty, living on less than $5.50 a day.”

How Does It End?

In sum, the rich are only getting richer and it’s happening at a historic rate. Worse yet, over the past decade, there was an extra perk for the truly wealthy. They could bulk up on assets that had been devalued due to the financial crisis, while so many of their peers on the other side of that great wall of wealth were economically decimated by the 2007-2008 meltdown and have yet to fully recover.

What we’ve seen ever since is how money just keeps flowing upward through banks and massive speculation, while the economic lives of those not at the top of the financial food chain have largely remained stagnant or worse. The result is, of course, sweeping inequality of a kind that, in much of the last century, might have seemed inconceivable.

Eventually, we will all have to face the black cloud this throws over the entire economy. Real people in the real world, those not at the top, have experienced a decade of ever greater instability, while the inequality gap of this beyond-gilded age is sure to shape a truly messy world ahead. In other words, this can’t end well.

Nomi Prins, a former Wall Street executive, is a TomDispatch regular. Her latest book is Collusion: How Central Bankers Rigged the World (Nation Books). She is also the author of All the Presidents’ Bankers: The Hidden Alliances That Drive American Power and five other books. Special thanks go to researcher Craig Wilson for his superb work on this piece.

(Republished from TomDispatch by permission of author or representative)
 
• Category: Economics • Tags: Banking System, Inequality, Wall Street 
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  1. As Ernest Hemingway said, “Yeah, the rich are different from the rest of us. They have more money.”

    • Replies: @bongstar420
  2. In part because of the eternal forces described at the beginning of this article, no non-reversible progress is ever really made, but it is not their fault that heirs get all of that unearned income, whether that is Trump or any of the others. Parents are going to try to create DNA dynasties, with interest compounding until the money-making parents’ DNA has trickled to below 10% in their great grandchildren. But those self-made 19th century Robber Barons did sculpt the country’s infrastructure with the help of crony alliances with big government. And the heirs of those so-called Robber Barons, in another libertarian nightmare, gave the US government a ton of land, unlike the Robber Barons of today who fund philanthropic projects in Third World dictatorships.

    It is mostly publicly managed parks. But that gifted land could be sold and used to pay off the national debt, making the country more financially solvent and credit worthy for SS recipients, the rich and poor alike, not to mention the few risk-taking entrepreneurs left. It could be sold to people who would create tourist areas, with stipulations that they take care of the land, and the money could be used to build the Trump Wall for purposes of stopping the wage-undercutting flow of welfare-eligible workers from south of the border. It is not just fiscal policy, but the constant stream of workers who are able to accept low pay because of their pay-per-birth welfare streams for US-born kids that keeps wages down and income inequality high. I realize that interest plays a huge role, but the excess profits guaranteed by a welfare-fed labor pool also increases income disparity.

    Americans at the top are wealthier than ever, some from inheritance, but the rich are taking less risk to create small businesses and quality jobs for US citizens than ever before. Business formation is down by 30%. Startups—employing 9 people, with 5 of those being foreign temps or noncitizens located in India, do little good to close the wealth gap in the USA, even if they build interesting, if less tangible, things. Part of the dearth of small business creation may be due to inherited wealth, tied up in trusts, where the heirs are not even able to use it for business startups. The financialized economy seems to serve static wealth creation in many ways that most of us simply don’t understand due to a lack of education in economics and finance. It serves the status quo when average citizens do not understand the financial system.

    It is like the rich of 2019, no less than the welfare-buttressed classes, live in a feudal cocoon, where the entire society changes shape to protect their wealth from risk, just like society shape shifts in terms of social mores to provide independent households for immigrants and moms in single-breadwinner households that stay below the income limits for welfare programs and refundable child tax credits by working part time or temp gigs, collecting welfare during the months when they don’t go over the earned-income limits.

    Everyone outside of those two groups at the tippy top and the bottom, and the larger group of dual-high-earner parents in the top 20%, lives in brutal, tumultuous economic times.

    It is great to read literary analogies for a change, rather than the constant barrage of pop-culture analogies. It also highlights the differences and similarities between the oversized business titans of the new and old Gilded Ages. Those 19th century billionaire-class equivalents, too, had help from cronies in big government, but they were more high-energy, like Gatsby, not just whittling off the good assets of failing companies, like the vulture capitalists, or betting on bundled packages of skim with money provided at cut rates by the Fed. Those old-school Robber Barons took on manly projects, overseeing the projects themselves, and employing some imported workers but mostly US citizens.

    I am for infrastructure spending as a more productive and safety-enhancing form of stimulus than government paying citizens and noncitizens for sex, reproduction and part-time work, but today’s shady politicians and employers would thwart the Deplorables, employing mostly immigrants using public money. They will probably even thwart the voters in using mostly low-wage immigrant labor to build the few sections of wall Trump has managed to secure funding for. Those old-school Robber Barons also knew how to get their way with Congress, and even though the contracts went to their buddies, they did train US citizens to do the work. In the Financialization Era, employers cannot be bothered with gritty things, like training workers. They are too used to making easy money through interest tricks.

  3. I read a stat in Mother Jones magazine that 90% of Americans have an average income of $31,000 a year and the richest .1 percent have an average income of $27 million dollars. So how does one pay all these living expenses and various debts with $26,000 after taxes? The Trump tax cuts just exacerbated the problem by giving more money to the wealthy and practically nothing to the 90% (at the bottom, which is almost everyone else). A good book on the subject of wealth inequality is “Billionaire’s Ball.”

    • Replies: @Wally
    , @Wally
  4. It’s hard to give heedence to a harpy who conflates wages and income.

    So I don’t.

  5. But all the geniuses on here believe that it is just hunky-dory for the rich to make more and more and more money. Because they deserve it. Because they worked for it and earned it.

    This is the libertarian creed: give all the money to the rich and then die of starvation with humility and grace. Because it is only right and fair and good.

  6. Sean says:

    But poor people can vote so you get populists elected like Teddy Roosevelt, who was very anti the Ribber barons like JP Morgan, and aggressive in foreign policy. Trump will be too. There is only one way to reduce inequality: war and destruction. From its birth in Ancient Greece democracy has led to war, and populists are the ones to start those wars.

    https://press.princeton.edu/titles/10921.html
    Are mass violence and catastrophes the only forces that can seriously decrease economic inequality? To judge by thousands of years of history, the answer is yes. Tracing the global history of inequality from the Stone Age to today, Walter Scheidel shows that inequality never dies peacefully. Inequality declines when carnage and disaster strike and increases when peace and stability return. The Great Leveler is the first book to chart the crucial role of violent shocks in reducing inequality over the full sweep of human history around the world.

    • Replies: @jacques sheete
  7. Issac says:

    If you aren’t for effectively ending all immigration to prevent the continued flooding of the labor market and subsequent depression of wages, then you are demonstrably disinterested in “inequality.”

    • Agree: TKK
    • Replies: @bongstar420
    , @m___
  8. jay says:

    @Sean

    The black death also reduced inequality in Europe.

  9. Wealth taxes and inheritance taxes can help but demographics is about to shift income inequality in favour of the rich world poor. There will be a!ways be mentally ill people and junkies at the bottom. Take the incapable out and wages for the rest will rise.

    • Replies: @jacques sheete
  10. The whole idea of money is that a person’s wealth should be an accounting of what society owes them for the contribution that they have made. If I make a chair worth 50 bucks, the person I sell the chair to gives me money that is a debt redeemable anywhere that takes the money. And so the world goes around.

    There is not possible way that the ultra-rich could possibly, over the course of their lives, done so much for society that what society owes them is as great as their wealth. Would we all, in aggregate, be worse of by tens or hundreds of billions of dollars if these few ultra-wealthy had never lived and made their contribution?

    Of course not. The wealth is unearned. Unearned wealth is always stolen. Legally or illegally, slowly or all at once. These unthinkably large privately-held accumulations of wealth must be, logically must be, theft.

  11. @Dave from Oz

    https://www.marxists.org/reference/subject/economics/proudhon/property/ch01.htm

    Pierre Joseph-Proudhon, _What is Property?_

    1. you would have a hard time proving that he is wrong

    2. all of the solutions that have been tried to this problem are actually worse as hard as that might be to believe

    3. my favorite historical example is Robespierre who by all accounts was well-intentioned. He worked as hard as anybody his whole life. He got his head removed by the guillotine. Before that happened he helped remove the heads of many others.

    Nomi Prins does not want any revolution I am pretty sure.

  12. Is Ms. Prins coming around to admitting it is government policy rather than the free market capitalism that is creating unnatural inequality?

    • Agree: Wally
  13. TG says:

    It’s the demographics, stupid.

    What is the major thing making the rich richer? No, it’s not finance – as parasitic and corrupt as that is. It’s supply and demand in the labor market.

    When there are more workers than jobs, inevitably labor is devalued, and the profits all flow to the owners. However, in a tight labor market, workers become the limiting factor and nothing short of chattel slavery will stop workers from grabbing decent share of the pie, at the expense of the profits of the rich. Because in the long run you can’t beat the law of supply and demand.

    Not that long ago Mexico looked to be making progress, it was on track to become another Canada. The Mexican elites deliberately ignited a population explosion, they propagandized that it was every woman’s patriotic duty to have six kids each to make Mexico ‘bigger and better’… and the flooding of the labor market drove wages down, but created a record number of billionaires…

    In the 1940’s, 1950’s, and 1960’s, immigration to the United States was near zero. Wages and living standards boomed, but the rich were limited. The CEOs of major corporations were not billionaires but first among equals. Starting around 1970 the rich opened the door to the overpopulated third world, and so far that policy has increased the population by about 100 million over what it would have been otherwise. That marks an inflection point, where the fraction of the economy going to wages starts to crash and the fraction going to profits starts to soar. Duh.

    Why do you think the rich have, as their largest priority, the expansion of the labor force by any means possible? Why do the rich scream that any criticism of these policies is “racist, fascist, and Literally Hitler”? Because these criticism are true.

    The rich have one God, and it is cheap labor. And the surest long-term way to get cheap labor, is to make sure there are 100 desperate people competing for every job.

    Ultimately the growing inequality across the world is because so-called progressives have surrendered to top-down pressure, and no longer talk intelligently about demographics. This leaves the rich free to breed people like cattle, and move populations around manipulating the labor market, to their own advantage. Divorced of being able to address the real issue, progressives wring their hands in pathetic dismay and can do nothing.

    • Agree: Willem
    • Replies: @Wally
  14. Franz says:

    This authoress and those like her forget the real accomplishment the Robber Barons gave to the world: The NGO.

    It was quite innocent at the beginning: Corporate foundations filling in the cracks (but greasing the skids for the welfare state) and then building libraries and making endowments to museums (or just plain building museums.)

    After 1913 they just started making public policy the same way, and who could stop them when they held the purse strings? In 1947 the purse strings took over the government by screaming “national security” every time there was opposition to their thieving.

    Their ace in the hole is prohibition: The Volstead Act is thought to have created an entire tier of fresh, obedient plutocrats simply by providing alcohol when regular citizens were forbidden to engage in its sale. By the middle of the 20th century, ex-bootleggers turned respectable corporate heads were funding half the seats in congress and at least one president.

    Drugs are creating a new class of plutocrats right now, and the first president funded by drug lords has already been born. Old money likes new money like this because they can control them with old fashioned blackmail. J. Edgar Hoover made a career out of it back in the old days.

    It’s just the oligarchy to which all republics descend. Rome, Venice, all of them. The Serene Republic of Venice was protected by swamps and so is Washington. Most swamps are private property. They always work for Plutus, god of wealth, and He seems to outrank all the other ones right now.

  15. anon1 says:

    What is to be done?

    • Replies: @onebornfree
    , @utu
  16. But these guys on here think that it’s blacks on welfare taking all their money, and that billionaires are their buddies, and have their best interests at heart, and therefore deserve ever ill-gotten gain, just because it’s “free market” or “capitalism” or some other lying word they use to paper over abject crime.

    • Replies: @Digital Samizdat
  17. So Buffett’s analogy for market wealth flow over the ages is nonsense?

    I.E. The richest will pay increasingly fancier investment brokers increasingly more for decreasing returns till they dissipate, and the cycle repeats? It isn’t like I hadn’t considered it to be merely a token statement to quell the underclasses, but it did seem to have merit given the way markets have performed and the way family wealth has changed.

    I’m impressed you can paint trump accurately despite the way confirmational biases work. Most rightists and wealth sycophants cannot.

    Though not related to this article, I noticed a lot of “concern” over “discrimination” against whites and jews (though jews are white). How could you not have expected the coin to flip? DERP….this will pass. They are being retarded. It might take a few decades, but objective merit will prevail though hardly be necessary at that point (post scarcity singularity).

  18. I like the assholes who say it is the government (whatever that is) and not “freemarket capitalism” (whatever that is) that causes the rich to get richer. They’ve been saying that for a hundred years and it still sounds incredibly obtuse. I’ll tell you what makes the rich richer. Idiots who say things like that.

  19. @Issac

    I know…because employer compliance is not a problem. It is those dern brown skinned people!

    • Replies: @Wally
  20. @obwandiyag

    Do they?

    This article described that an increasingly top heavy economy is unstable and due for collapse. I think perhaps many people of many stripes think this but they differ on how to address it…mostly because 90% of people are not fit to solve these problems. There is no coincidence that anti-intellectualism is very high in America and having an IQ above 125 is negatively correlated with being in the top wealth brackets as well as an education beyond a bachelors. To many want to solve the top heavy economy by giving the top more discretion. They think a lack of freedom at the top keeps them from behaving “like they should.”

  21. @Dave from Oz

    It is merely the chain of ownership in a capitalist economy with no cap on size or distribution. Any system which dos not restrain the top will always become increasingly top heavy till it either nearly collapses or actually does.

  22. onebornfree says: • Website
    @anon1

    anon1 says: “What is to be done?”

    I’m sure some morons here have long list of government “solutions”, which will all boil down to “more /bigger government, more laws, more taxes, less freedom”.”

    You know, the same old crap that “worked” the last time. When was it?[ I can’t quite recall].

    Regards, onebornfree

    • Replies: @anon
    , @HallParvey
  23. @obwandiyag

    Today, many of the rich really are different…about half of them actually. The rest are essentially normal.

    The problem is we do not have enough rich people who are properly rich. The world has 3,000,000 Bill Gates geniuses and 2,200 billionaires. Nothing but a lack of proper social rules is to blame for this spread. We have enough information today to know why things are the way they are. It isn’t easy to understand, but it is doable by people nearing the Gates level. There are 28,000,000 people who “should” be hundred millionaires. Most people should have similar quantities to most other people and some people should have little while a few yet are put into various levels of conservatorship.

  24. onebornfree says: • Website
    @donald j tongle

    donald j tongle says:“Is Ms. Prins coming around to admitting it is government policy rather than the free market capitalism that is creating unnatural inequality?

    Nah, you’re hallucinating. You’re either off your meds or on some new ones. Get back in line !

    Obviously, the answer is many more laws, a truly huge government run by an even more fuhrer-like person, massive increases in both taxes and spending, and far less freedom for all businesses and individuals [the ungrateful bastards.] Anything not illegal should be compulsory. That oughta do it.

    Regards, onebornfree

  25. utu says:
    @anon1

    What is to be done? – It is very simple. (1) Enact and enforce a very progressive taxation. (The useful idiot libertarians who are in the lowest income bracket will be objecting to it the most.) (2) Ignore the libertarians.

    • Replies: @Anonymous
  26. Anon[257] • Disclaimer says:

    If anyone can find a 2.25 savings account, I mean regular savings account, not a CD please let me know. My savings accounts are down to .25 and .30. But at least one doesn’t charge monthly fees for the privilege of giving them my money to use.

    2.25 savings accounts, where ????

    Read Gilded Age and Great Gatsby. Gilded Age is very funny. It’s a family history, 1700 coastal Virginia to 1880s Missouri. Family like mine always moved west, always hoping to really make it . Never quite made it civil war devastated the family.

    Family owns a large but worthless track of land in Kentucky or Tennessee I forget which . Wonderful timber but no road or river to transport it. No coal iron copper, just fores

    One family member finally gets into congress and comes up with a do gooder scam. Quaker’s and Freedman’s Bureau go for it.
    Congress critter plans to sell the land to the federal government for a Negro and American Indian College

    Sound familiar?

    Congress critter is helped by various pretty woman and girl family members who act as hostesses society ladies and most importantly, lobbyists. Apparently pretty woman lobbyists were very common in 19th century DC and state capitols.

    The plan fails. It’s a pretty funny book about the true motivations of do gooders. They do very well for themselves by pretending to do good.

  27. anon[317] • Disclaimer says:
    @onebornfree

    “freedom” to be a peon, work in a dead end job forever, and then die in a ditch
    it’s the rich that have freedom now; freedom to f*ck you over
    tax the rich, take their wealth. if it’s destroyed in the process, who cares? it’s only harming everybody else anyway

  28. For 2015, here are the top 10 countries, with their percentages of total global personal wealth.

    United States — 41.6%
    China — 10.5%
    Japan — 8.9%
    U.K. — 5.6%
    Germany — 3.9%
    France — 3.5%
    Canada — 3.0%
    Italy — 2.9%
    Australia — 2.0%
    South Korea — 1.6%

    And here’s the list of the countries with the highest wealth inequality, according to the Allianz report.

    U.S.A. — 80.56
    Sweden — 79.90
    U.K. — 75.72
    Indonesia — 73.61
    Austria — 73.59
    Germany — 73.34
    Colombia — 73.18
    Chile — 73.17
    Brazil — 72.86
    Mexico — 70.00
    (http://fortune.com/2015/09/30/america-wealth-inequality/)

    It’s good to be atop the first list; not so good to be atop the second. Either way, we see that many other nations (Sweden? Really?) suffer from similar wealth inequality, and Ms. Prins’ emotional premise “Rich people bad!” sheds more heat than light on this global dilemma.

  29. Franz says:

    Obviously, the answer is many more laws

    Very close.

    “Many more countries” and you get the Gold Star for the First Week of Springtime. (Starts with a Full Moon in the Northern Hemisphere, the one the Shawnee called the Crow Moon).

    Billionaires hate borders for a good reason. Accumulation of insane levels of wealth is not possible where localities produce what’s good for them by themselves. Wealth inequity gained speed every time a rail line put local foundries out of business for the sake of cheaper metal from industrial hubs like Pittsburgh.

    Had the States *with their Constitutional right of Republic* been economically self-sufficient, we could look lots different now. The French anarchists were partly right: Property held by foreign plutocrats is theft. Boundary lines should matter.

    As it is now we have another option approaching: Against Civilization, published by Feral House in 2005, made the subtle argument. Various authors made an excellent case, often vividly. The non-subtle argument is: What humans cannot control they destroy. Including things they’ve built.

    Ruins all over the world indicate they’ve done just that. A lot of times maybe.

    • Replies: @HallParvey
  30. Wally says:
    @Aryan Racist

    “So how does one pay all these living expenses and various debts with $26,000 after taxes?”

    What taxes are you referring to?

    Those at that level pay ZERO federal income taxes, but can receive massive welfare benefits as if they do, and they curiously get ‘tax refunds’.

    Top 20% pay 87% of income taxes, about 50% pay no income taxes: https://www.wsj.com/articles/top-20-of-americans-will-pay-87-of-income-tax-1523007001

    • Replies: @jacques sheete
    , @TKK
  31. Wally says:
    @bongstar420

    Correct.

    They have much lower IQs, have much higher crime rates, violence as a way of life, over breed, cannot feed themselves or their offspring, and are largely unskilled & unemployable beyond menial & manual labor.

  32. Wally says:
    @obwandiyag

    “Because they deserve it. Because they worked for it and earned it.”

    Pay attention, 2 out 0f 3, other stats show 3 out of 4 millionaires, are self made.
    So yes, they did earn it, they do deserve it.

    And those that inherited money? So what? Good for them.
    Parents have the right to leave what they wish for their sons / daughters.

    • Troll: bluedog
  33. Land speculation, government lobbying, and shady deals soon converged to create an unequal society of the first order…

    Sounds like what happened after the Am Rev too. The constitution was in fact imposed on the rest of us to enable such activity but under the guise of protecting the freedom of the proles, peasants and peons. What it really did was protect and encourage a free-for-all for the rich, powerful, cunning and ambitious. I have evidence.

    But then,

    Me[nippus]…. But how are things going up here? what is Athens about?

    Phi. Oh, nothing new; extortion, perjury, forty per cent, face-grinding.

    -Lucian of Samosata, MENIPPUS, A NECROMANTIC EXPERIMENT, ~150 AD

    Dat’s Western “civilization” for ya! 😉

    • Replies: @Anon
  34. Biff says:
    @Wally

    Pay attention, 2 out 0f 3, other stats show 3 out of 4 millionaires, are self made.
    So yes, they did earn it, they do deserve it.

    And those that inherited money? So what? Good for them.
    Parents have the right to leave what they wish for their sons / daughters.

    And they were all Jewish; most receiving holocaust reparations.

    • LOL: Digital Samizdat
    • Replies: @Wally
  35. Wally says:
    @TG

    said:
    ” Why do the rich scream that any criticism of these policies is “racist, fascist, and Literally Hitler”? Because these criticism are true.”

    No it’s not. You’re using the-gift-to-Zionism comparison, Hitler did not do what is alleged of him.

    Grow up.

    • Replies: @The Contrarian
  36. Wally says:
    @Aryan Racist

    Inconvenient fact:

    The “poor” in the US & Europe live better than most of the world’s population.

    The world’s poor know it, hence they keep coming.

    “Mother Jones”? LOL

    • Replies: @jacques sheete
  37. onebornfree says: • Website

    “…As such, every person in the world needs to understand what the Fed and other central banks did during the last crisis, and what they plan on doing the next time around (more of the same and worse). If you judge an economy based on stock market performance and aggregate GDP, you might think the Fed did a great job over the past decade, but if you judge it based how we’ve turned an entire generation of young people into debt slaves, arrived at levels of inequality unseen since just before the Great Depression and catalyzed an explosion of populist politics throughout the western world, you might be ready to grab a pitchfork.

    What central banks have achieved over the past decade is a surreptitious transfer of risk and cost away from elites and onto the general public. They sent benchmark interest rates down to zero, but only the corporate and financial class really benefits from such distortions. They’re the ones who bought up all the foreclosed upon real estate (hello Blackstone) only to rent it right back to those who were evicted…….”:

    Federal Reserve Chairman Appears on 60 Minutes – Why Now?:
    https://libertyblitzkrieg.com/2019/03/11/federal-reserve-chairman-appears-on-60-minutes-why-now/#more-56489

    Regards, onebornfree

  38. @Wally

    Those at that level pay ZERO federal income taxes, but can receive massive welfare benefits as if they do, and they curiously get ‘tax refunds’.

    He wrote, “taxes.” He did not limit it to federal extortion levies. Have you heard of such things as property taxes and sales taxes?

    Top 20% pay 87% of income taxes, about 50% pay no income taxes:

    Yeah, but how much do the top .01% pay, both absolutely, relatively and net? Your claim may be highly misleading, especially since there are special tax breaks for “holocaust (sic) survivors” and some of the rich have been known to have tax exemptions specifically enacted for themselves!

    Cf., Gerard Swope.:

    But since Swope had inherited this fortune from his wife there would be a federal tax of $4,500,000 on it… “There was nothing in the internal revenue code that could help us .. . Then a thought struck me. Why couldn’t we amend the code? It would mean putting a bill through congress, but it was the only way.” …Tulin … betook himself to Washington. “There I put in the hardest four months of my life .. . I worked in complete silence. Publicity would have spoiled everything .. . I did not talk to a single Jewish member of congress. They would favor it anyway.” The bill, introduced into the house by Representatives Reed (Republican) and Keogh (Democrat) of New York was an amendment to section 2055 of the internal revenue code of 1945.

    – Dorothy Thompson, Special Law Passed for Zionist, The American Mercury, January 1959, pp. 135-136

    • Replies: @Wally
  39. @Wally

    Pay attention, 2 out 0f 3, other stats show 3 out of 4 millionaires, are self made.
    So yes, they did earn it, they do deserve it.

    Sources, please.

    Also, aren’t you the guy who claims an IQ of 150+? I don’t see why it would take a genius to find the flaws in your claim, so why would a purported smartie even make it?

    But if you will take note of the mode of proceeding of men, you will see that all those who come to great riches and great power have obtained them either by fraud or by force; and afterwards, to hide the ugliness of acquisition, they make it decent by applying the false title of earnings to things they have usurped by deceit or by violence.

    – Machiavelli, The Florentine History, Book III, pg 189, 1906 edition. Forst published 1532

    Could Aristophanes have predicted your buddy, tRump?:

    … to steal, perjure yourself and make your arse receptive are three essentials for climbing high.

    -Aristophanes, The Knights, 454 BC

    • Replies: @Wally
    , @bluedog
  40. @Wally

    “2 out of 3, other stats show 3 out of 4 millionaires, are self made.”

    Ha ha ha! Just like that, all on their own. Oh blimey, a true “wally” dispensing wisdom here. Even mafia dons aren’t “self made” and even a “made man” has to go through the hoops before he is selected by his peers.

    • Replies: @Wally
  41. @Sean

    But poor people can vote so you get populists elected like Teddy Roosevelt, who was very anti the Ribber barons…

    So goes the myth.

    Here comes the truth. (Or at least a closer approximation of it.):

    The people voted for Roosevelt because he talked of “trust-busting” at the same time that he was sanctioning the purchase of the Tennessee Coal and Iron Company by the Steel Trust. They supported Wilson “because he kept us out of war” at the same time that Wilson was making preparations to enter the war. The rulers can negotiate “secret treaties” at home and abroad. The people, knowing nothing of either the theory or the practice of secret diplomacy, commit all sorts of follies for which they themselves must later foot the bill.

    – R. F. PETTIGREW, TRIUMPHANT PLUTOCRACY, The Story of American Public Life from 1870 to 1920.

    PS: Guess who was big into the steel trust at the time…

    • Replies: @m___
  42. Nomi Prins destorys her credibility with her silly attack on Trump’s attempts to control illegal immigration into this country. This is the gravest threat the country faces, demographic displacement and permanent control of the country by the Democrats, thanks to the votes of foreigners, whether they have the fig leaf of U.S. citizenship or not. Her comments on economic inequality are pretty spot on but her inability to understand larger issues reveals her to be part of the problem. The flood of immigrants, legal and illegal, has been a major factor in undermining American wages for decades. I suspect she is part of the usual gang of New York suspects.

    • Replies: @Curmudgeon
  43. TheOldOne says:

    Some good here, along with some bad.

    GOOD: We have way too many idle rich creeps in our country.

    BAD: The lady is a leftist who thinks “equality” is both possible and to be desired.

  44. Nomi should make a swimsuit calendar.

    Packin’ some heat up top!

  45. @Philip Owen

    There will be a!ways be mentally ill people and junkies at the bottom.

    One would be surprised at the mentally ill at the top as well. Junkies, sex, porn and violence addicts floating at the top is nothing new. I knew one very well (among some others I didn’t know really well) who, after making many millions, became a “krischin,” piously clutching a Bible wherever he went, then, after getting bored with that phase, became a coke addict and lost his business. He got clean and started another business, built largely on soft scamming of folks…

    In Rivers and bad Governments, the lightest Things swim at top.

    -Benjamin Franklin, Poor Richard Improved; 1754March. III Month.

    Note who controls government. So we have dregs at the bottom and scum at the top. What’s a productive middle class fool supposed ta do? (That’s a rhetorical question since I have my own answers, but they are not for publication, though part of it is ya hafta figure it out yerself, or it’s utterly useless.)

    • Replies: @Philip Owen
  46. @donald j tongle

    Is Ms. Prins coming around to admitting it is government policy rather than the free market capitalism that is creating unnatural inequality?

    There’s no such thing as “free” market capitalism–that’s just another utopian fantasy. The first thing the capitalists do once they have a gazillion times more money than they will ever need, is to buy control of the state in order to make sure no one can ever take their wealth/power away from them. Capitalism inevitably ends in monopoly or oligopoly, because capitalism is just another dialectic and every dialectic ends up with somebody winning and everybody else losing.

    • Agree: jacques sheete
  47. In practice, that means about 94% of American workers and their employers paid the full 12.4% of their annual earnings toward Social Security…

    It’s actually much worse than that. It should read that in practice about 94% of American workers and their employers paid the full 12.4% of their annual pre-tax earnings toward Social Security.

    After taxes are paid, one is left with a net income, and that’s what counts, so the real percentage paid to soshul sekuritee is somewhat higher than the percentage given. Toss basic expenses ( really a form of “fixed” costs) into the mix reveals an even bleaker picture. Then there’s the cost of servicing their debt…

    But hey, “dem Somalianz live in shitholz” and we gotta fund our murderous, thieving all-lies!

  48. Hi Naomi,
    They have plans, to make sure they don’t end up in front of a guillotine again. Good article, won’t save me or my family in time though.
    Glad to see the numbers. At least it balms the pain of them blaming us for our own misfortune.
    Democracy is just a wooden idol to me, it does nothing. Another false god like capitalism people use to whip up indignation for war on a far away land somewhere. Paying orcs to do our banking wizard’s fighting for them.
    Thanks, I like reading your work.

  49. anon[393] • Disclaimer says:

    look you’re a commie no whites want your evil thieving religion. Inequality is indicative of nothing in itself as your boy said its who whom. the problem isnt capitalism its corpratism and leftism in bed with each other whites dont want free shit we want what we would get in a non rigged negotiation with our capitalists global capitalists are in the present system are allowed to bribe our pols who are supposed to be negotiating the terms of trade and operating within our borders the price of using our infrastructure being protected by our legal and military etc thats worth something not because we want somethin or our supposed needs but because its all something valuable they need that we built and own

  50. Rich says:

    I’m unable to find the nation, anywhere in the historical record, where a small group of wealthy individuals didn’t rule over everyone else. I guess ranting about human nature is therapeutic, but it will never change. French Revolution, Russian Revolution, Chinese Revolution, every single communist revolution everywhere, ends in tyranny. There really is no fix for humanity, maybe the robots will eventually build a “fair” system for themselves.

    • Replies: @jacques sheete
  51. Prins is another Government agent tasked with disseminating finance-sounding propaganda. The slaves had never heard of this Goldman Sachs executive until the tailing end of the Iraq war and the accompanying domestic financial collapse. Any mention of the personal failings of the criminal elite is strictly prohibited. But everyone knows Orwell. Inequality is a drink available at Starbucks to enjoy and calm the nerves when you see a homeless veteran.

  52. Anon[424] • Disclaimer says:
    @jacques sheete

    Very good , so we just keep our traditions , hehehehhe

    • Replies: @jacques sheete
  53. @obwandiyag

    But these guys on here think that it’s blacks on welfare taking all their money, and that billionaires are their buddies, and have their best interests at heart, and therefore deserve ever ill-gotten gain, just because it’s “free market” or “capitalism” or some other lying word they use to paper over abject crime.

    No, not exactly. The libertarians here just claim that ‘this is not capitalism’, because it never works the way Mises or Hayek (or whoever) said it should. What they’re in love with is ideal of capitalism rather than the reality of it.

    (Which is not to say that they’re wild about the welfare system either; but I still doubt that most of them would claim that it’s actually a bigger problem than, say, the Fed.)

  54. @Rich

    I guess ranting about human nature is therapeutic, but it will never change.

    Amen.

    It is amusing, though, to find that so many think they have the answers.

  55. @Anon

    Very good , so we just keep our traditions , hehehehhe

    Yes, consistency can be very important! 😉

  56. @Wally

    The “poor” in the US & Europe live better than most of the world’s population.

    The world’s poor know it, hence they keep coming.

    The “poor” have no doubt been deluded just like those who thought Marxist-Bolshie Comminizm was the answer until they went to the gulag and experienced it first hand. But then their experiences were not that far removed for the poor who came to Amerika a century ago for opportunity which was only a slightly milder form of slavery.

    At least some of the Jews knew that they would have been suckers to make aliyah to the criminal Zionist state of Israel so many of them had to be lured by false promises and terrorism.

    So, your analysis is a bit over simplified; likely a result of laziness.

    • Replies: @Wally
  57. They have much lower IQs, have much higher crime rates, violence as a way of life, over breed, cannot feed themselves or their offspring, and are largely unskilled & unemployable beyond menial & manual labor.

    Despite all that the threat they pose to the productive classes in all likelihood pales in comparison with the moderate IQ criminals who are at least smart enough to have others do their violence, overfeed themselves, raise entitled brats, have very few skills beyond sociopathy, ambition and cunning, and couldn’t do manual labor if starving. No wonder so many of them wind up in office, Hollywood, organ and drug trafficking, and running gambling and porn operations, for example.

    • Replies: @m___
  58. Agent76 says:

    “Who controls the issuance of money controls the government!” Nathan Meyer Rothschild

    June 13, 2016 Which Corporations Control The World?

    A surprisingly small number of corporations control massive global market shares. How many of the brands below do you use?

    http://www.informationclearinghouse.info/article44864.htm

    “Control the oil, and you control nations. Control the food, and you control the people.” Henry Kissenger

    Aug 30, 2016 Central Banks = Welfare for the Wealthy

    Central banks can only do one thing, and that’s provide monetary welfare for the wealthy.

  59. Overall, what Nomi says about the Fed, finance and economics in general is quite true. Unfortunately, she is constantly undermining her rhetorical appeal by taking gratuitous swipes at Trump. Don’t get me wrong: I’m not the guy’s biggest fan either. But Trump is not the cause of this problem; he’s at most just a symptom. Does Nomi really believe that he bears more responsibility for the mess we’re in than, say, Bill Clinton (NAFTA, Wall St. dereg.), George Bush (Iraq, bank bailout I) or Obama (bank bailout II, Libya)?

    All of her needless virtue-signaling, sadly, will cancel out the good points she otherwise makes.

    • Replies: @m___
  60. Of course, it isn’t going to end well, Nomi! The “let them eat the cake” syndrome, when there isn’t any cake to be had has lulled the zombies at the top into false sense of security with militarized goons protecting them every second of the day, but be rest assured, the pitchforks are a coming. And it won’t be a pretty picture for either side, for copious amounts of blood will run which may make look the raids by Etzel (Attila the Hun) as summer picnic on a Sunday afternoon!

    • Replies: @m___
  61. @onebornfree

    I’m sure some morons here have long list of government “solutions”, which will all boil down to “more /bigger government, more laws, more taxes, less freedom”.”

    You know, the same old crap that “worked” the last time. When was it?[ I can’t quite recall].

    1940 approximately. The world had been in a depression for almost ten years. Roosevelt’s New Deal was supposedly ending the Hoover depression. But it didn’t work. Not really.

    Fortunately, Adolf the First had dragged Germany out of the depression by putting everyone to work making war materials. And marching about in fancy uniforms. It was obvious that he intended to invade somebody (after all, why have a big army if it is just going to sit around), and the likely candidate was France. Right next door.

    Roosevelt saw his opportunity and began to crank up armament production. Financed by selling bonds to the rich who had been sitting on their wealth since the Roaring Twenties. And by creative accounting, i.e. government counterfeiting. Lend Lease was created.

    Workers now had someplace to earn a salary, other than WPA, and when the United States became involved seriously, vast numbers of men and women were needed in the armed forces. And in shipbuilding, tank production, aircraft production.

    End of depression. The same tactic has been used on a smaller scale ever since. Now we are up to billions for each superwhizbang weapon. Those billions go to pay for the salaries of the people who work the assembly lines of the production facilities. And the managers. And the profiteers.

    Nothing ever really changes, does it.

  62. Ostensibly dissident Leftists who can’t break out of the Marxist mindset of framing everything in economic terms might as well be working at AEI or Cato. Only lolbertarian spergs and eternal grad student Marxists still think in these terms.

    Muh socialism vs. muh capitalism is so 1990’s. Nomi’s still fighting the Red-Blue War while the populists she scorns as a “thin veneer” (presumably obscuring the ‘real, important’ issue of muh economics) are fighting to morally justify their existence and their ability to think as they like, much less their income levels. If I’m not allowed to have a job because I’m a “cis White male” who “spreads hate,” my income is 0. If natural-born Americans are less desirable members of the Numerican community than foreigners, we’re not going to get any share of the zero-sum pie.

    Yes, the 1% is leveraging their money-muscle to push dispossession of White America, but the tribal lines aren’t drawn by wealth. The ultra-rich and their net-negative $ orc footsoldiers are united in an assault on the middle, and the tribal battle-lines are based on race, culture and a debased, Procrustean and politicized concept of morality. Economics is very far downstream from biology, psychology and morality.

    Nomi is the flip-side of a sperg coin with Ben Shapiro on the obverse. Yesterday’s woman vs. yesterday’s man, fighting the last war.

  63. m___ says:
    @jacques sheete

    Indeed, reverse engineering out of the few scraps the elites inadvertently and some intentionally spill into the streets. Impossible. Have the merry go round going for another spin. Hopefully Nomi does not get dizzy, she would then be impeded in her “job” of spinning bed time stories.

  64. @Franz

    You may be on to something, here. Small, self sufficient statelets, where the local government is known personally to a great many people. A return to the city states of ancient Greece.

    Oops. What’s to prevent intercity warfare. Oh well. Back to the drawing board.

    • Replies: @Franz
  65. m___ says:
    @Digital Samizdat

    On Trump.

    Does Nomi really believe that he bears more responsibility for the mess we’re in than, say, Bill Clinton (NAFTA, Wall St. dereg.), George Bush (Iraq, bank bailout I) or Obama (bank bailout II, Libya)?

    That is the pay-lane, the order of the day, no aspirin can help, when one lives on word-count. Bread writers are well arraigned, none got the allowance to fart up the wind. Engelhardt, the world of media is notorious a squeeze. No life of your own, creativity is not permitted but for the color of the paper bag.

  66. m___ says:
    @Reuben Kaspate

    Real life economics. The planet is not growing, the global populations do as a consequence of what we call our economics and social engineering. This brings all sorts of collisions. Toxicity, pollution, resource exhaustion, and pressure of migrations and gratuitous wars, alas “terrorism”, civil war, general disorder. France shows as much.

    The elites, semi-comatose as they are, half hardheartedly start to grasp this. Not much has been done. Cooking the books, at every level, and now mostly at the Central Bank level is a short-term patch. The result will be that value ultimately will get disconnected from the Dollar. The Chinese and Russian clusters around Putin and Xi?, Germany, fully understand this, and drag their feet at playing along.

    So somehow, somewhere, in a timely manner, real solutions must show up or bust. An elegant solution for the generational term would be to re-engineer the global masses, they are the biggest liability to wealth, wealth for them, wealth for the elites and wealth for future generations. That of course is one too far for our global rulers and schemers.

  67. m___ says:
    @jacques sheete

    Despite all that the threat they pose to the productive classes in all likelihood pales in comparison with the moderate IQ criminals who are at least smart enough to have others do their violence, overfeed themselves, raise entitled brats, have very few skills beyond sociopathy, ambition and cunning, and couldn’t do manual labor if starving. No wonder so many of them wind up in office, Hollywood, organ and drug trafficking, and running gambling and porn operations, for example.

    Indeed, know your enemies. Corrupted, semi-cogent elites, three quarts ego, a few points of IQ on average above the street level (they carry the same genes, thus grasp their critters and have a feel for manipulating them), with bigger tools, (none of them “smart” luckily, not yet), are the pimps. A society of merit!

  68. m___ says:
    @Issac

    Expatriate the patrons, and appropriate the dial knob of the Federeal Reserve, the last by itself, would do. But for emotional satisfaction just send Gates to Africa with empty pockets, the locals will take care of him and birth control.

  69. @Wally

    Hitler was part of the anglosphere conspiracy in the early 20th. The nutzies were financed from abroad. Then he was double-crossed by the English during the war and came to an inglorious end… Germany was coerced into revenge. Napoleans escape from Alba was to discredit the revolution once and for all at
    Waterloo… Either way, national socialism whether French or Germanic wouldn’t work in the supranational order of today… too national, too localized. So the US won’t adopt it except on the basis of cheap politics, shortsighted politics, or irrational fantasy-driven policy makers.
    No one has outdone the cruelty of the Anglo civilization for centuries, they just have the loudest voice and haven’t been beaten yet. They are still able to write their own history. All empires come to an end with a bang or a whimper.

    • LOL: Wally
    • Replies: @jacques sheete
  70. Willem says:
    @obwandiyag

    ‘And the top 1% of U.S. citizens earn 40 times the national average and own about 38.6% of the country’s total wealth. The highest figure in any other developed country is “only” 28%.’

    Guess who that other developed country is?

    The Netherlands!

    https://www.dutchnews.nl/news/2017/04/dutch-rich-keep-getting-richer-but-share-of-total-wealth-edges-down/

    So proud of my country.

    It puzzles me though that some still think my country is ‘socialist’.

    But we are working on that too, cutting expediture on social programmes like welfare, free education, and pensions. Introduce more taxes for the poor and less for the rich. Stagnate all wages, except for the rich, etc.

    All these political decisions make a country so wealthy! And all citizens so proud!

    Just look at the US how that is working out. If just all these poor white people could die, the US will be much more equal and rich.

    https://www.counterpunch.org/2019/03/08/deaths-of-despair-trump-and-the-white-working-class/

    • Replies: @utu
  71. Wally says:
    @jacques sheete

    Making “$26,000” and has property taxes?
    LOL Sign me up.

    Sales tax? So what? I mentioned income taxes. No strawmen.
    BTW, sales taxes and state income taxes are generally higher in leftist /communist inclined states.
    You said:
    “Yeah, but how much do the top .01% pay, both absolutely, relatively and net? Your claim may be highly misleading, especially since there are special tax breaks for “holocaust (sic) survivors” and some of the rich have been known to have tax exemptions specifically enacted for themselves! ”

    You raised that irrelevant question, so how much DO your “.01% pay”? Sure you don’t mean the ‘.0001%’. LOL Whatever it is, it’s already more than enough.

    Indeed, you have specified one of the major reasons why the fake & impossible “holocaust” story was manufactured & is promoted. However, quite irrelevant to my comments that you are replying to.

    Tax breaks, keeping more of your own money, are good. That simply does not change the fact that the top 20% pay 87% of income taxes, regardless of “tax breaks”.

    Thanks.

    • Replies: @jacques sheete
  72. Agent76 says:

    March 7, 2019 The Global Economy Desperately Needs Freedom

    How many bureaucrats are there in the world? The global population currently numbers more than 7.5 billion people.

    https://www.fff.org/explore-freedom/article/the-global-economy-desperately-needs-freedom/

    February 1, 2019 A World without Dollars? Are We Approaching the End of America’s Financial Order?

    For Washington, the U.S. dollar is leverage, a financial weapon to dominate the world economy, to impose its foreign policy agendas and to secure a steady flow of natural resources over sovereign countries who use the currency.

    http://silentcrownews.com/wordpress/?p=6149

  73. Wally says:
    @jacques sheete

    said:
    “So, your analysis is a bit over simplified; likely a result of laziness.”

    Oh yawn, desperate projection and a bit bizarre with your weird & irrelevant subject change to “aliyah to the criminal Zionist state of Israel so many of them had to be lured by false promises”.
    Say what? Are you OK?
    Please review my comment.

    Q: Are millions flooding into this country every year or not?
    A: Yes, with no signs of it stopping.

    Q: When they get here do they turn around and flee the “slavery” you speak of?
    A: No they do not.

    Quit digging, Jacques.

    Cheers

  74. Asagirian says: • Website

    Rich vs Poor.

    Well… get the bag.

  75. utu says:
    @Willem

    The Dutch should be more concerned about getting Americanized than Islamicized. Though the Islamization is a part of the program of Americanization. Divide Et Impera!

  76. Wally says:
    @jacques sheete

    You said:
    “Sources, please.”

    Certainly, the article above, try reading it, and easily found sources.
    Actually I was being a bit conservative. Here, I’ll spoon feed you some quick examples:

    80% of Millionaires Are First Generation Millionaires: https://www.guidevine.com/newsroom/eighty-percent-millionaires-first-generation-millionaires-wasting-time-garbage/
    Sixty-seven percent of high-net-worth Americans are self-made millionaires. Only 8 percent inherited their wealth.
    https://www.fa-mag.com/news/most-millionaires-self-made–study-says-14565.html
    You also said:
    “Also, aren’t you the guy who claims an IQ of 150+? I don’t see why it would take a genius to find the flaws in your claim, so why would a purported smartie even make it?”

    Hmm, you obsess over me, but actually it’s 152.
    You have found no flaws in my claims, as I have demonstrated.
    And what’s with your bizarre, irrelevant quotes from ancient history? Get a grip.

    Quit digging, Jacques, you’re making an ass of yourself.

  77. Wally says:
    @Commentator Mike

    “All on their own”, quite correct.

    you said:
    “Even mafia dons aren’t “self made” and even a “made man” has to go through the hoops before he is selected by his peers.”

    A false, strawman comparison, but anyway.

    The fact is that those that make money do so by receiving the ‘votes’ that people make when those people choose to buy the the goods & services that are offered in a market place, which lacking government control, will provide many options.

    See more in my comment #77.

    Cheers.

  78. Wally says:
    @Biff

    There is a bit of that, as jacques has pointed out in his comment #39.

    You can try your silly strawman with him if you like.

    Cheers.

  79. bluedog says:
    @donald j tongle

    Why its always been government policy what do you think brought on 1929,and the coming one, after all when you have the best government money can buy (and that goes back almost to the founding of the country) what would one expect.!!

  80. @Chris Bridges

    Yeah, that and yet another “financial expert” who doesn’t understand pensions. There are caps on contributions, because there are caps on benefits. The law requires that one contributors to a pension not subsidize other contributors.
    In her bitch about Trump and others, the 12.4% combined contribution rate generates a Soc Security pension to a maximum. If the maximum receivable pension is $100k, the actuaries have figured out the annual contribution needed to pay that pension. Paying more, but receiving no benefit is contrary to the pension plan laws and regulations, because it would be subsidizing others.

  81. onebornfree says: • Website
    @HallParvey

    HallParvey says: “…Fortunately, Adolf the First had dragged Germany out of the depression by putting everyone to work making war materials. And marching about in fancy uniforms. …”

    Careful now, this site is swarming with dim-bulb pro- Hitler fans who think that Hitlers “economic miracle” was the work of an inspired economic genius who could do no wrong 🙂 .

    “The same tactic has been used on a smaller scale ever since.”

    Yes, and the general population has, and will continue to be fooled by it. As long all of the slaves get government mandated job-security out of a war economy, they’re all happy and won’t give a shit – until , that is, the true costs of that fully centralized fascist war economy[ economic collapse and mass poverty etc.], mostly financed by fake money/credit, come due, at which point they’ll be ” up shit creek without a shovel”, as the saying goes.

    Then [as now] they’ll all yell, scream stamp their collective feet and demand……you guessed it: even more economic centralization and even more fake money, and most likely, more wars [ to “get the economy going”, don’t you know].

    Because, “stupid is as stupid does.”

    Of course, Germany was defeated before the true , inevitable, disastrous longer term effects of Hitler’s “economic miracle” [i.e. economic collapse and mass poverty etc.] ever had a chance to manifest to the modern day casual observer. And so Hitler’s “economic miracle” lives on, and remains a seemingly everlasting, constantly self-renewing myth for dim-bulbs lacking any real understanding of markets and human action via trade.
    .
    And so it goes….. “Seig Heil”!

    Regards, onebornfree

    • Replies: @jacques sheete
    , @Wally
  82. TKK says:
    @Wally

    WRONG WRONG WRONG

    The deciding factor utilized for receiving SNAP, Medicaid and other freebies is DEPENDENTS.

    So, as cliche as it sounds, ShaQuandia and Marguerita with 5 children each generally receive over $1200 a month for food. FACT! I have seen their accounts because the idiots try to barter their EBT balances for legal services.

    Therefore, a single white male or female, who has kept it in their pants, and has no dependents RECEIVES NOTHING. NOTHING. No help. Zip. Zilch. Nada.

    Doesn’t matter if they are living in a ditch and eating from the trash.

    Look at the math. When you have that much for food, and you go in and buy food for relatives who give you cash, you have no healthcare costs, free prescriptions, greatly reduced housing, free cell and also free bus passes, reduced tuition and even free furniture from thrift and churches- $21,000 leaves lots of room for getting yo nails done, tricking out yo ride with rims and eating fast food everyday.

    The white girls finally caught on and have lots of mixed race babies with black men who use them as orifices and a place to live- “where you stay at?” Stroll through any Wal Mart and you see these hulking repellent monstrosities…that lard paid for with our tax dollars as they ignore their mixed race babies while they yak on their cell phones over drama that usually ends in jail time and probation.

    The Great Replacement?

    • Replies: @Wally
  83. Franz says:
    @HallParvey

    Oops. What’s to prevent intercity warfare.

    Nothing can prevent it.

    But it’s a great limiter. Think: Sparta and Athens fought an exhausting war. Other smarter city-states sat on their hands and tended their own gardens.

    The Hyksos invaded the Nile Delta and the Upper Kingdom (down south) sat on their hands for almost a century. When the Hyksos got a bit too powerful? Well, a century is a long time to get ready, so it was a short war and the invaders scattered right on out.

    Point is the Blue & Grey American States that had a dog in the fight in 1861 could have fought for as long as they really wanted. Others could… sit on their hands. Ohio tried to vote itself neutral but by then all that “eternal union” kicked into high gear. The “peace democrats” in the Buckeye state had to flee to Canada to run their campaign, which in those days meant they really didn’t have one.

    The devil was in the details. Even the old Articles of Confederation contained the words “perpetual union” so we had a bad idea in the works from the start.

    I’m sure that was a coincidence.

  84. SafeNow says:

    Yes, free everything, but don’t forget 52 weeks of paid vacation. Sometimes I think I would like a job that gives me that. I have many hobbies. I would read a lot more. And so on.

  85. Wally says:
    @TKK

    Hardly.

    Dependents are a huge factor, no doubt. The lions share is to dumb welfare recipients who have dumb children they cannot provide for. But so what? You’re simply trying to move the goalposts.

    Over all you are simply ignorant of the facts, a single female, or male can still get benefits, but that total amount is small in comparison. I never said otherwise.

    It still does not change my points:

    Those at that level pay ZERO federal income taxes, but can receive massive welfare benefits as if they do, and they curiously get ‘tax refunds’.
    Top 20% pay 87% of income taxes, about 50% pay no income taxes.

    The rest of your childish rant is useless, while you dodged most of what I posted.

  86. bluedog says:
    @jacques sheete

    Simple because you have the animal farm and the troll farm,he belongs to the later for he posts allover the place,the only question that begs to be answered is which troll farm does he works for.!!!

    • Replies: @Wally
  87. Anon[248] • Disclaimer says:

    Alan Greenspan, the first Jewish fed chair since WWII, started the low interest, excess liquidity era of the last 3 decades. He was followed by two other Jews, Bernanke and Yellen. Together they transferred massive wealth from the hands of the middle class savers and producers to the hands of the Jews: the borrowers on Wall Street, and from there, hundreds of billions in tax free donations to Israel. Is there any wonder that Israel’s economy is now booming?

    Alan Greenspan is foremost responsible in bringing in the era of greed that now defines America. Jerome Powell tried to right the ship by raising interest rates, but Trump the Jew immediately squealed like a pig, he is tying his political fortune to the stock market.

    Who gives a shit if the stock market takes a dive? Enough with the fed being held hostage by the market. Wall Street has been completely out of sync with main street. The market is no longer a true indicator of the health of the economy. It is now a casino for Jew money. The Dow and Nasdaq need to drop by at least 50%. As we’ve seen in 1987, as long as economic fundamentals are sound, the economy will not be affected by a market dive.

    Jerome Powell needs to do the right thing and raise interest rate back to where it belongs, pre Alan fucking Greenspan. Stop punishing the savers and rewarding the borrowers. Wall Street needs to go die.

    • Replies: @onebornfree
  88. Wally says:
    @bluedog

    said:
    “Simple because you have the animal farm and the troll farm,he belongs to the later for he posts allover the place,the only question that begs to be answered is which troll farm does he works for.!!!”

    Except that you cannot refute what I post, or you would. Simple as that.

    Bye now.

    • LOL: bluedog
  89. onebornfree says: • Website
    @Anon

    I always called him “Alan Grease-pan” . Seems to fit. 🙂

    “Wall Street needs to go die.” .

    No, the Fed needs to die, its just another legally protected criminal scam.

    It’s just another way to transfer wealth and power from the common man to the elite who control the government- something Ms Prins and others here appear to be entirely unaware of.

    Big picture: big government + the Fed = the perfect formula for wealth transfer from the common man to the elite.

    Instead, most are dumb enough to demand more of the very system that is impoverishing them all, i.e. more laws regulations and an even bigger federal government- the very things that caused the malaise.

    And so it goes….

    Regards, onebornfree

  90. utu says:

    The oligarchs hearing of Nomi Prins text whistled for their attack libertarian dogs and they showed up in force to defend the status quo. Let the rich be rich. Talk about welfare mothers instead.

    • Replies: @jacques sheete
    , @Biff
  91. @onebornfree

    ” up shit creek without a shovel”

    Hey, Sheete Creek is what I call home! And we use paddles, not shovels, though at times a muckrake’ll do.

    Careful now, this site is swarming with dim-bulb pro- Hitler fans who think that Hitlers “economic miracle” was the work of an inspired economic genius who could do no wrong

    Hey, if even a dim-bulb such as yers truly can figger it out, how come y’awl cain’t?

    Of course, Germany was defeated before …

    You got that part right. No wonder they just wanted to be left alone instead of being surrounded by bloodthirsty sociopaths who only attack the weaker. What would you have advised at the time?

  92. It’s just another way to transfer wealth and power from the common man to the elite who control the government-

    True, but please note that dem Notzis dun jist de opposite an nat’s why Germany had to be crushed.

    Easy stuff, no?

    Check this out and contrast it with what went on in the US and the USSR (and probably Britain too) vis a vis the workers at the same time.:

    The [Kraft durch Freude (Strength through Joy) program] was essentially designed for the purpose of providing organized leisure for the German workforce. Interestingly enough, the DAF calculated that the work year contained 8,760 hours of which only 2,100 were spent working, 2,920 hours spent sleeping, leaving 3,740 hours of free time. Thus the driving concept behind the KdF was organized “relaxation for the collection of strength for more work.” The KdF strived to achieve this goal of organized leisure by providing activities such as trips, cruises, concerts, and cultural activities for German workers. These events were specifically directed towards the working class, and it was through the KdF that the NSDAP hoped to bring to the “common man” the pleasures once reserved only for the rich.

    Kraft durch Freude, (Strength through Joy)

  93. Biff says:

    Imagine if you’re a wealthy billionaire who owns a multinational corporation, and have employees in various global locations. Some make the equivalent of five dollars a day, and live three to a room. Others make a hundred and twenty five dollars a day and live one to a room, and both do the same job. If you want to maximize profits where do you want your company to expand and manufacture? This is the competition of globalization.

  94. @utu

    Let the rich be rich. Talk about welfare mothers instead.

    Ya, and talk about getting it backwards, the real welfare “mutthas” are the rich!

    • Agree: apollonian
    • Replies: @Wally
  95. @onebornfree

    Big picture: big government + the Fed = the perfect formula for wealth transfer from the common man to the elite.

    Bigger pic: big government + the Fed+ big corporations = the perfect formula for wealth transfer from the common man to the elite.

    Even bigger pic: big government + the Fed+ big corporations+international bankers = the perfect formula for wealth transfer from the common man to the gangster elite.

    Even more bigger pic: big government + the Fed+ big corporations+international bankers+AIPAC, etc, = the perfect formula for wealth transfer from the common man to the global mafia elite.

  96. @Wally

    I mentioned income taxes. No strawmen.

    Yes you did, but he did not as I pointed out. YOU are the one who engaged in a strawman argument. You are taking the lazy way out.

    Try harder.

    • Replies: @Wally
  97. Wally says:
    @onebornfree

    said:
    “Careful now, this site is swarming with dim-bulb pro- Hitler fans who think that Hitlers “economic miracle” was the work of an inspired economic genius who could do no wrong”.

    Germany’s brilliant economy was the work of the skilled Germans Hitler put in place, not just Hitler. Pay attention, much posted below.

    Given what NS German had in front of them via the economic atrocities of Versailles and the further economic war upon Germany:their accomplishment are remarkable in spite what the indoctrinated are required to recite.

    excerpt from: How Hitler Tackled Unemployment And Revived Germany’s Economy: https://www.ihr.org/other/economyhitler2011.html

    Given where Germany came from, post-war Versailles economic atrocities against them, and the further economic war; yed indeed they did remarkably well.
    For the great mass of Germans, wages and working conditions improved steadily. From 1932 to 1938 gross real weekly earnings increased by 21 percent. After taking into account tax and insurance deductions and adjustments to the cost of living, the increase in real weekly earnings during this period was 14 percent. At the same time, rents remained stable, and there was a relative decline in the costs of heating and light. Prices actually declined for some consumer goods, such as electrical appliances, clocks and watches, as well as for some foods. “Consumer prices rose at an average annual rate of just 1.2 percent between 1933 and 1939,” notes British historian Niall Ferguson. “This meant that Germans workers were better off in real as well as nominal terms: between 1933 and 1938, weekly net earnings (after tax) rose by 22 percent, while the cost of living rose by just seven percent.” Even after the outbreak of war in September 1939, workers’ income continued to rise. By 1943 average hourly earnings of German workers had risen by 25 percent, and weekly earnings by 41 percent. / 9

    The “normal” work day for most Germans was eight hours, and pay for overtime work was generous. / 10 In addition to higher wages, benefits included markedly improved working conditions, such as better health and safety conditions, canteens with subsidized hot meals, athletic fields, parks, subsidized theater performances and concerts, exhibitions, sports and hiking groups, dances, adult education courses, and subsidized tourism. / 11 An already extensive network of social welfare programs, including old age insurance and a national health care program, was expanded.

    also:

    • Agree: jacques sheete
  98. Wally says:
    @jacques sheete

    Yes, he conveniently, fraudulently left out mentioning that those with an income of “26,000” pay NO federal income taxes.

    One can hardly claim that ‘poor ole so & so can’t pay his taxes’ while leaving out the biggest tax of all, federal income tax, which those in the income HE mentioned DO NOT pay. I busted him and you on the facts, both of you are childishly ignorant. Please review the entire conversation and stop dodging the salient points.

    Now, I do realize I embarrassed you and your sophomoric attempts at rebuttal. However, no amounts of ditzy confusion on your part can alter the facts, which are:

    Those at that level pay ZERO federal income taxes, but can receive massive welfare benefits as if they do, and they curiously get ‘tax refunds’.

    Top 20% pay 87% of income taxes, about 50% pay no federal income taxes.

    And do clean up your projecting, very bad form.

    Cheers.

    • Replies: @Biff
  99. Wally says:
    @jacques sheete

    How is the fact that the top 20% pay 87% of federal income taxes considered “welfare”?

    • Replies: @jacques sheete
  100. Wally says:
    @Biff

    Oh, I get it, no one should hire unskilled welfare recipients.

    I give WalMart & McDonalds credit for doing just that.

    Without the money that those like WalMart & McDonalds pay the unskilled, high risk workers means that such people would be receiving even more welfare.

  101. Biff says:
    @Wally

    Yes, he conveniently, fraudulently left out mentioning that those with an income of “26,000” pay NO federal income taxes.

    “Hey Mitt Romney, is that you?”

    Oy vey. Here it is again, the “poor people don’t pay taxes” diatribe that has been debunked a million times over. Having had dozens of employees, and had to pay Federal payroll taxes for decades, I can honestly say you’re an idiot, and terribly bad at math. Just because one tax category(among the hundreds) doesn’t get charged a tax, doesn’t mean life is tax free.

    But no matter how many hard numbers you put out, it still means nothing to true believers.

    • Replies: @jacques sheete
  102. @Wally

    How is the fact that the top 20% pay 87% of federal income taxes considered “welfare”?

    Didn’t you charge me with making strawman arguments? Read your comment and tell me why you’re so special that making strawman arguments is OK for you, but not for me. You “chosen” er sumpin?

    What’s the %age of federal income taxes paid by the .01% if they pay any at all? And what %age of their income is due to federal contracts, subsidies, bailouts, and other special treatment, to name just a few ways the government pampers the mega criminals?

  103. @Biff

    Having had dozens of employees, and had to pay Federal payroll taxes for decades, I can honestly say you’re an idiot, and terribly bad at math. Just because one tax category(among the hundreds) doesn’t get charged a tax, doesn’t mean life is tax free.

    C’mon, Biff, you can’t argue with a guy who’s a “genius” with an IQ of 150+! Don’t you know that yer s’posed ta accept what they claim on faith? They don’ need no numbers!

    • Replies: @bluedog
  104. @Wally

    I give WalMart & McDonalds credit for doing just that.

    Without the money that those like WalMart & McDonalds pay the unskilled, high risk workers means that such people would be receiving even more welfare.

    Keep payin them taxes, genius.

    The welfare you’re paying for effectively subsidizes the WalMarts and McDonalds of the world, but I don’t expect you to grasp that basic concept which in part answers your lame question, “How is the fact that the top 20% pay 87% of federal income taxes considered ‘welfare’?” strawman that it is.

    • Replies: @Wally
  105. @onebornfree

    I always called him “Alan Grease-pan” . Seems to fit.

    “Greasepants” fits even better on ‘Ol Greasepalm.

  106. @Wally

    Wally, tough concept, I know…

    From the article.:

    According to one study, American fast food workers receive more than $7 billion dollars in public assistance.

    There are welfare mothers and there are welfare mutthas, get it?

  107. Anonymous[317] • Disclaimer says:
    @utu

    clown Pagallici, the working class libertarian
    truly the most useful of idiots for the global judeo-financial power

    • Agree: utu
  108. Survival of the Richest
    All Are Equal, Except Those Who Aren’t

    Note to those who believe that the mega rich are not welfare mutthas.:

    Hot Off the Press: Israel’s Three Largest Banks Pay Hundreds of Millions In Fines for Helping US Citizens Evade Taxes

    PS: Hey Wally, that was for you. Of course Atzmon must be a self-loather and kunspirasee theerist…

    • Replies: @Wizard of Oz
  109. @HallParvey

    “Fortunately, Adolf the First had dragged Germany out of the depression by putting everyone to work making war materials. And marching about in fancy uniforms. It was obvious that he intended to invade somebody (after all, why have a big army if it is just going to sit around), and the likely candidate was France. Right next door.”

    According to a comment I read on this site, backed by references that I unfortunately did not copy, out of six million people who found employment, only one million went into the armament industry. Notwithstanding the lack of reference for this claim, let us remember that Hitler did engage in a wide infrastructure program of building roads, dams and canals, which was his way of applying Keynesian economics to stimulate the German economy. One thing that stood out during this infrastructure project was that he obliged the contractors to use manual labour instead of relying on machines so he could reduce unemployment. This factor created the multiplier effect as wealth started trickling to the labour class which in turn increased their purchasing power and stimulated the economy. Also, the increased stability that came with the National Socialist rule enticed many multinationals to invest in Germany including many leading American companies. Essentially, the German economy rose because of the same factor that made Germany grow in a way that threatened British dominance before WWI, namely PUTTING FINANCE AT THE SERVICE OF INDUSTRY, which is antithetical to the status quo of today. To manage such a deed one has to have the power to put the bankers in their right place. Here should we also mention the Volkswagen project that was meant to provide every German family with a car without resorting to credit finance?

    As for your contention that Hitler raised his army to conquer France, I would humbly ask you to consider reading Mein Kampf where he clearly stated that it would never be in Germany’s interest to wage war to the West either against France or Britain. Note that he gave up any claim on Alsace Lorraine and in his letter to Daladier two days before France declared war on Germany, Hitler reminded Daladier that Germany had no qualms about its border with France and that a repeat of the bloodshed of WWI would be senseless.

    History revisionism can be a powerful way to break out of the matrix of control.

  110. bluedog says:
    @jacques sheete

    Well if he was such “a genius” why is he running around posting on any number of sites,and its the same old bullshit,of how the 1% percent are so wonderful and the other 99% are welfare cheats ,which leads me to believe he’s a few bricks short, for after all people pay tax’s on everything they buy and in the South that even includes food.!!!

    • Replies: @Wally
  111. @The Contrarian

    Pretty good analysis there! I see you left Wally speechless for once. All he could offer is a very weak LOL.

    • Replies: @Wally
  112. Wally says:
    @jacques sheete

    Indeed, his comment was meandering silliness.

    Poor jacques, has a weird gay obsession thing for Wally.

  113. Wally says:
    @bluedog

    More strawmen.

    However, the top 20% of Americans DO pay 87% of all federal income taxes, lower 50% pay NONE.

    • Replies: @bluedog
  114. Wally says:
    @jacques sheete

    So you advocate that those welfare recipients should be denied jobs so they cant get even more welfare.

    ” “How is the fact that the top 20% pay 87% of federal income taxes considered ‘welfare’?” strawman that it is.”

    The 50% who DO NOT pay Federal income taxes are being subsidized by those that do. Catch up.

    Even for your beloved California’s state income tax the top 5% of earners pays two-thirds of the tax. The bottom 80% pays less than 11%.
    https://www.latimes.com/politics/la-pol-sac-skelton-income-tax-california-wealthy-20190311-story.html

    Oh ouch!!

    • Replies: @Biff
  115. Wally says:
    @HallParvey

    Your indoctrination runs deep.

    BTW, before being defeated by Germany, after France declared war on Germany, France had a much larger army.

    It is important to remember that France had already invaded Germany, the Saar in 1939, and that throughout this entire period Hitler was begging Churchill to negotiate a return to the status quo.

    “Hitler will have no war, but he will be forced into it, not this year but later…” (The Jewish Emil Ludwig, Les Annales, June, 1934)

    Why have you dodged my comment #99?

    • Replies: @HallParvey
  116. @jacques sheete

    Thank you Jacques. Coming from a person of your standing is double pleasure.

  117. @Wally

    I have read a book by the name Hitler’sRevolution’ by Richard Tedor. It is highly recommended reading that elaborates on what is referred to as the the German economic miracle under National Socialism.

    • Replies: @Wally
  118. anarchyst says:
    @obwandiyag

    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) . .

    • Replies: @Wally
  119. Wally says:
    @anarchyst

    “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.”

    facts:
    Costco minimum wage 11.74 per hr
    Walmart minimum wage 11.00 per hour

    • Replies: @anarchyst
  120. Wally says:
    @Joe Levantine

    Thanks, Joe.

    The economic powerhouse that NS Germany created, outside the mandates / system of the day, is one of, if not THE top reason why war was forced upon Germany.

    Hitler will have no war, but he will be forced into it, not this year but later…” (The Jewish Emil Ludwig, Les Annales, June, 1934)

  121. anarchyst says:
    @Wally

    Wally:
    I don’t know where you are from, but here in the midwest, Costco pays an average of $20.00 per hour…

    • Replies: @Wally
  122. Wally says:
    @anarchyst

    Please read what I posted, $11.74 is Costco’s minimum wage, $11.oo is Walmart’s minimum wage

    Average Costco Wholesale hourly pay ranges from approximately $11.74 per hour
    https://www.indeed.com/cmp/Costco-Wholesale/salaries?location=US%2FCA

    Like Walmart, they do have many positions that pay much more.

  123. Biff says:
    @Wally

    The 50% who DO NOT pay Federal income taxes are being subsidized by those that do.

    Void of any logic or meaning, but considering the source, why not.

    • Agree: bluedog
  124. @jacques sheete

    Your Hot Off the Press link didn’t work. Can you please provide the URL.

  125. bluedog says:
    @Wally

    Of course they pay tax’s on a very small income due to inflation, first its payroll taxes then come the taxes on everything else they buy many time both state and federal,so the stupidity of saying they don’t pay taxes is just that stupidity.!!

  126. @Joe Levantine

    As for your contention that Hitler raised his army to conquer France

    The contention was that if you have an army, you are tempted to use it. Much like some countries around today. France just happened to be nearby.

    No argument about how he did it. We are prisoners of the historical record as written by the victors.

  127. @Wally

    Your indoctrination runs deep.

    Indeed. Most of us are confined to history as written by the victors. This is a truism for all of recorded history.

    From #99…

    their accomplishment are remarkable in spite what the indoctrinated are required to recite.

    Now, just who might be in charge of the indoctrination? Any ideas?

  128. Reminds me of a joke. A journo interviews a millionaire and asks how he became so rich. The guys answers: ‘When I was a school kid, I used to get up early and deliver newspapers before school. Every delivery got me one penny. I did not spend the money, but deposited it in a bank. Then my grandma died and left me 10 million. That’s how by hard work and frugality I became a millionaire”.

  129. @jacques sheete

    True. Most aristocrats lived a life of debauchery. A few pursued agricultural improvement, science or other sorts of progress.

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