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20 Statistics That Prove That Global Wealth Is Being Funneled Into The Hands Of The Elite – Leaving Most Of The Rest Of The World Wretchedly Poor

Today global wealth is more highly concentrated in the hands of the elite than it ever has been at any other point in modern history.  Once upon a time, the vast majority of the people in the world knew how to grow their own food, raise their own animals and take care of themselves.  There weren't many that were fabulously wealthy, but there was a quiet dignity in having land you could call your own or in having a skill that you could turn into a business.  Sadly, over the past several decades an increasingly growing percentage of agricultural land has been gobbled up by big corporations and by corrupt governments.  Hundreds of millions of people have been pushed off their land and into highly concentrated urban areas.  Meanwhile, it has become increasingly difficult to start a business of your own as monolithic global corporations have come to dominate nearly every sector of the world economy.  So more people than ever around the world are forced to work for "the system" just to make a living.  At the same time, those at the very top of the food chain (the elite) have spent decades rigging the system to ensure that increasing amounts of wealth will continue to flow into their pockets.  So now in 2010 we have a global system where a few elitists at the top are insanely wealthy while about half the people living on earth are wretchedly poor.

There are very few nations around the world that have not been almost entirely plundered by the global elite.  When the elite speak of "investing" in poor countries, what they really mean is taking control of the land, water, oil and other natural resources.  In dozens of nations around the world today, big global corporations are stripping fabulous amounts of wealth out of the ground even as the vast majority of the citizens of those nations continue to live in abject poverty.  Meanwhile, the top politicians in those nations are given huge bribes to go along with the plundering.

So what we have in 2010 is a world that is dominated by a very small handful of ultra-wealthy elitists that own an almost unbelievable amount of real assets, a larger group of "middle managers" that run the system for the global elite (and are rewarded very handsomely for doing so), hundreds of millions of people who actually do the work required by the system, and several billion "useless eaters" that the global elite don't really need and that they don't really have much use for.

The system was not ever designed to lift up the poor.  Nor was it ever designed to promote "free enterprise" and "competition".  Rather, the elite intend to funnel all wealth to themselves and to have the rest of us enslaved either to debt or to poverty.

The following are 20 statistics that prove that the wealth of the world is increasingly being funneled into the hands of the global elite, leaving most of the rest of the world wretchedly poor and miserable....

#1 According to the UN Conference on Trade and Development, the number of "least developed countries" has doubled over the past 40 years.

#2 "Least developed countries" spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars.

#3 Average income per person in the poorest countries on the continent of Africa has fallen by one-fourth over the past twenty years.

#4 Bill Gates has a net worth of somewhere in the neighborhood of 50 billion dollars.  That means that there are approximately 140 different nations that have a yearly GDP which is smaller than the amount of money Bill Gates has.

#5 A study by the World Institute for Development Economics Research discovered that the bottom half of the world population owns approximately 1 percent of all global wealth.

#6 Approximately 1 billion people throughout the world go to bed hungry each night.

#7 The wealthiest 2 percent own more than half of all global household assets.

#8 It is estimated that over 80 percent of the world's population lives in countries where the income gap between the rich and the poor is widening.

#9 Every 3.6 seconds someone starves to death and three-quarters of them are children under the age of 5.

#10 According to Gallup, 33 percent of the people on the globe say that they do not have enough money for food.

#11 As you read this, there are 2.6 billion people around the world that lack basic sanitation.

#12 According to the most recent "Global Wealth Report" by Credit Suisse, the wealthiest 0.5% control over 35% of the wealth of the world.

#13 More than 3 billion people, close to half the world's population, live on less than 2 dollar a day.

#14 CNN founder Ted Turner is the largest private landowner in the United States.  Today, Turner owns approximately two million acres.  That is an amount greater than the land masses of the states of Delaware and Rhode Island combined.  Turner also advocates restricting U.S. couples to 2 or fewer children to control population growth.

#15 There are 400 million children in the world today that have no access to safe water.

#16 Approximately 28 percent of all children in developing countries are considered to be underweight or have had their growth stunted as a result of malnutrition.

#17 It is estimated that the United States owns approximately 25 percent of the total wealth of the world.

#18 It is estimated that the entire continent of Africa owns approximately 1 percent of the total wealth of the world.

#19 In 2008, approximately 9 million children died before they reached their fifth birthdays.  Approximately a third of all of these deaths was due either directly or indirectly to lack of food.

#20 The most famous banking family in the world, the Rothschilds, has accumulated mountains of wealth while much of the rest of the world has been trapped in poverty.  The following is what Wikipedia has to say about Rothschild family wealth....

It has been argued that during the 19th century, the family possessed by far the largest private fortune in the world, and by far the largest fortune in modern history.

Nobody seems to know exactly how much the Rothschilds are worth today.  They dominate the banking establishments of England, France, Germany, Austria, Switzerland and many other nations.  It was estimated that they were worth billions back in the mid-1800s.  What the total wealth of the family is today is surely an amount that is almost unimaginable, but nobody knows for sure.

Meanwhile, billions of people around the globe are wondering where their next meal is going to come from.

At this point, many readers will want to start arguing about how horrible capitalism is and about how wonderful socialism and communism are.

But capitalism is not the problem and as we have seen countless times over the past several decades, government ownership of business is not the solution to anything.

What we have in the world today is not capitalism.  Rather, it more closely resembles "feudalism" than anything else.  The elite are "monopoly men" who use their unbelievable wealth and power to dominate the rest of us.  In fact, it was John D. Rockefeller who once said that "competition is sin".

It would be great if we lived in a world where those living in poverty were encouraged to start owning land, to create businesses and to build better lives for themselves.

But instead, things are going the other way.  Wealth is becoming more concentrated in the hands of the elite, and the middle class is starting to be wiped out even in prosperous nations such as the United States.

It turns out that the global elite have decided that they don't really need so many expensive American "worker bees" after all and they have been moving thousands of factories and millions of jobs overseas.  Meanwhile the American people are so distracted watching Dancing with the Stars, Lady Gaga and their favorite sports teams that they don't even realize what is going on.

There is no guarantee that America will be prosperous forever.  Today, a record number of Americans are already living in poverty.  Today, a record number of Americans are on food stamps.  The median household income went down last year and it went down the year before that too.

So wake up.  America is being integrated into a world economic system that is dominated and controlled by the insanely wealthy elite.  They don't care that you have to pay the mortgage or that you intend to send your kids to college.  Mostly what they care about is making as much money for themselves as they can.

Greed is running rampant around the globe, and the world is becoming a very cold place.  Unfortunately, unless something really dramatic happens, the rich are just going to continue to get richer and the poor are just going to continue to get poorer.

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  • http://economiccollapseblog RICHARD SWANK

    THAT’S WHAT I LIKE ABOUT THIS SITE YOU PRETTY MUCH TELL IT LIKE IT IS. I HAVE SEEN IT COMING FOR YEARS BUT MOST OF MY FAMILY AND FRIENDS THINK I AM A NUT. THEY WILL SEE REAL SOON.

  • http://brunolem.wordpress.com Brunolem

    “What we have in the world today is not capitalism” indeed!
    That’s 50% of the problem, the other 50% is: what we have in the world today is not democracy!

    Both capitalism and democracy have been hijacked by the same group of white collar criminals (for a perfect example, think Dick Cheney).

    The faked opposition between Democrats and Republicans, Labour and Conservative, Socialists and whatever… has nothing to do with democracy.

    Political parties are an impediment to democracy; they are machines designed to collect votes from the herd and use them to achieve personal ends, instead of collective ones.

    Thanks to political parties, democracy has been reduced to a “right to vote”, once every few years, for either a dark grey or a light grey candidate.

    Click on my name to visit my blog.

  • http://www.planorperish.com/ Gutter Economist

    Back to the Middle Ages

    The coming survival economy will be much like the Medieval period (500 – 1500) following the end of the Western Roman Empire in 476.

    When nations give away their manufacturing jobs and lose their infrastructure due to disasters, neglect, or war, this is what they end up with.

    A few remaining wealthy people will be land owners and live in castles. Most other people will be merchants, trade persons, or peasant farmers. If you want access to farm land or a gated community, you will have to support the militia that will be protecting the land owner. Most service sector jobs that create no wealth will vanish.

  • http://www.planorperish.com/ Gutter Economist

    #21 Queen Elizabeth Windsor owns 1/6th of the world at a tune of 17 trillion dollars. This is only one aspect of her wealth. She is getting this money through bank loans and income tax you pay every year.

    She along with the Rothchilds are the out ward expression of the shadow world that exists. Money is a means of control. They want to reduce the world population by 80% which is out right genocide.

  • http://WBDM Joe in JT

    One mistake young people make today is getting all giddy about being accepted to a fine college, then signing anything in way of student loans to make it through 4 years. Later, they are in debt for $80,000 and this loan “must” be paid back, it never goes away. So a young person 22 years old is automatically in debt right from the start. Usually what is done next is the loan is extended for a longer period of time, but the interest rate skyrockets and there’s fee’s involved. The loan goes from 80K to around 150K and the young graduate finds out that there’s not to many jobs out in the real world. The point is, think before you sign.
    Or the point is, go to a 2 year vocational school and be a plumber. You laugh! The last plumber I paid $95 to do about 5 minutes work.

  • Bs

    I am thinking of a business idea that can hire 100 million people. Still working on it.

  • The Beast

    You’re right, it’s not about capitalism or anything…it’s about injustice and oppression. That’s all.

  • anonymous

    More and more people I know feel that they are working just to be a cog in the machine. History is littered with examples of when the working classes who vastly outnumber their masters, revolt en masse and restore balance to their society.

    Normally it doesn’t end well for the ruling elite and comes without prior warning.

  • William

    This did not happen by accident. It has been in the works for about 200 years. Find and read Juri Lina’s UNDER THE SIGN OF THE SCORPION. If you do not know who Adam Weishaupt was, or know the truth about free masons, or the Illuminati, or the Frankists, or the Jacobins, or the Bolshevik Communists, there is little hope for you. Bow down to your Rothschild masters and perhaps they will psare you……

  • Silver Bean

    I intend to come out on the other side of this great recession/great depression II, as one of the wealthy. Not a global elite uber wealthy person, but one who provides for his family and people in need. Read “The Creature From Jekyl Island” if you want to know just how phony our money system is. Read the first couple of chapters of, “Lords of Finance” if you want to see how fast the money system can be collapsed. Read “When Money Dies” if you want to be sick in your stomach at the tragedy that can be visited on a population of regular, everyday people, by a few very wealthy people.

  • Maria

    A system that taxes you for working AND taxes you for saving AND taxes you for buying AND taxes you for dying was DESIGNED to IMPOVERISH and ENSLAVE the taxpayer.

    The wealthy don’t pay taxes…they hide their wealth in corporations, and that is why Gary’s plan will NEVER work. Almost all of the tax code is written to protect the wealthy…especially corporations.

    Real money is gold and silver. What we have in our bank accounts is worthless…fake…fiat. And the economy designed to use fiat money is also fake. The world is waking up to this realization. The emporer has no clothes. We have been living in a Truman’s world.

    The total value of all the world’s fiat currency is equal to the total value of all the world’s gold and silver. The more fiat money the countries of the world print, the less it is valued…and the more gold and silver is worth. That is why the Fed wants to print more money and monetize more debt. That is why central banks around the globe are buying gold.

    All other natural resources skyrocket in value too. Everyone…from individuals to families…to communities…to whole countries…want to get rid of their fiat money while they can and buy what they need to survive. Eventually the fiat money becomes worthless, and everyone needs gold (or silver) to buy anything…food, water…whatever is necessary to survive.

    And who is buying up all the natural resources? Corporations. Not only are they buying it all up…what they can’t buy, they want to prevent anyone else from having. That’s why corporations buy congressmen, and that is why we have Senate Bill 510 and others like it.

    And who funds these corporations? Very powerful bankers.

    And who protects the wealth of corporations? The Internal Revenue Code of the Internal Revenue Service…the IRS.

    And where does the IRS funnel the taxpayer’s money to? The Fed.

    And who is the Fed? Very powerful bankers.

    I wonder if the laws of physics apply to the laws of economics? Does that which is biggest fall fastest? And is it impossible to create an economic process which is perfectly efficient?

  • Matt

    Gary, this one is set up for you to hit out of the park. Take a big swing boy!!

  • Matt

    Of all the countries the US is best suited to fix this through an instrument called The Constitution, if we would all insist on following it, which we don’t, which is why we Americans are in this mess.

  • Spencer

    I suggest you use the word ‘suggest’, not ‘prove’. Your piece ‘proves’ nothing

  • zack

    I don’t think that there’s any question that the wealthy are getting wealthier, but let’s not forget that there are winners and losers outside of the wealthy. The standard of living is improving for many of the poor and the middle class due to technology and capitalism. In the US, even those on welfare have mobile phones and have access to high-tech healthcare. To the extent that we are being impoverished, it’s largely being facilitated by governments collaborating with corporations to loot the people.

    We help Americans find jobs and prosperity in Asia. Visit http://www.pathtoasia.com/jobs/ for details.

  • They Kill Me Instantly If I Tell !

    ********IRAN & WEST CONSPIRACY EXPLAINED*******
    Dear Readers,
    As you may know,The world is controlled by a single entity, you can call it Illuminati or Antichrist.
    Soviet Union/Eastern Block were staged against West so to divide the world into 2 sections that BOTH worked on improving a Military-Industrial Complex.As a “Create Problem-Offer Solution” pattern, they used the fear of Soviet Union to mobilize Western resources & personnel to create a huge EXTERNAL military power.
    When this was achieved(in mid seventies) now they needed another false enemy to create an INTERNAL military power ( police state, surveillance society, FEMA. etc.) in the West so the Soviet Union EXPIRY DATE is reached and it is dissolved and almost joins NATO. Now another block- a TERRORIST BLOCK in nature that fits the agenda of creating police state in West- takes its place. So almost simultaneously in 1979 there is an Afghanistan invasion (by our Russians allies), Saddam rule over Iraq AND Iranian Islamic Revolution.These geographically connected countries become the playground of Arab/Palestinian terrorists who were basically created by British Intelligence in the beginning of 20th century; so by another “Problem-Solution” pattern the West must now be defended against them by creating a police state.
    Now guess when the EXPIRY DATE of this Terrorist Block will come? When this deadline is reached, the Iran occupation will start and after that all terrorism in Middle East will subside and eventually the road is paved for One World Government. Iran is nothing but a puppet and scarecrow of Illuminati.Iran is a FALSE FLAG operation.
    PLEASE WAKE UP! This is all staged and planned. Thank you for reading this comment.

  • Eric Geis

    I have to make one correction, Ted turner owns 12 million acres, not 2 million.

    I see these boom and bust cycles as a means to whip saw the population. The very wealthy want these distortions so they can sell high and buy low. Stability leaves them fewer “opportunities” for excessive profits. They have the wealth to ride out downward cycles and never have to sell on the cheap. They wait to buy on the cheap.

    They benefit when too many people get over extended and then have to liquidate positions in the midst of a “fire sale”. They may not be buyers on the upside due to the risk of missing the top. They are always willing to wait for excessive dips to buy what are lead pipe guaranteed bargains. Look at March of 2009.

    Even the banks that made idiotic highly leveraged investments get salvaged due to the risk of systemic failure. The government (Fed) gives them free money to pump up their profits. They call it “recapitalizing”
    when in fact it is a direct and excessive subsidy. How many businesses can borrow for free every few years?

    I have seen the destruction of the middle class. Beginning in the 70′s with the wholesale closure of American heavy industry, the elimination of millions of middle class jobs both white and blue collar. That purchasing power has never been replaced. Our economy has been deliberately undermined to export jobs to the rest of the world to “spread the wealth”. The days of seeing Europe on $5 a day will never be seen again.

    Year by year people saw that they could make more short term money distributing something imported than making it in the US. The fact that buying abroad precluded the American worked from earning an income was irrelevant as was the non creation of the purchasing power of that worker.

    Our economy is imploding as we become a nation of consumers and not creators.

  • http://ronniesoo.com/prepare-for-coming-economic-collapse prepare for economic collapse

    This is a situation that I have only recently woken up to myself – it needs more like you to spread the word; there will be a huge transfer of wealth from the uneducated to the educated and sadly, the uneducated far outnumber the educated. While there’s still time please get educated about the coming economic collapse and what we can do to protect ourselves.

  • flubadub

    Control by the elitists has been a topic of discussion for years. In the seventies my dad used to speak about the Rothschilds and the Rockefellers and what he saw coming down the road. As a kid I was more interested in borrowing the car keys and was only listening with one ear. Your writing is reminiscent of those talks. The difference is that the national problems Dad warned of are being realized in our time.

    But try to do something to remedy the situation and see what the reaction will be. The elites might even be less of a problem than the crabs in a barrel mentality of your peers. Here’s one example:

    In 1984 the United Auto Workers negotiated the JOBS bank program to discourage Detroit’s big three from eliminating American jobs. The union’s thinking was that the manufacturers would be reluctant outsource jobs to Mexico or overseas if they agreed to maintain a quantified American workforce. Well, the manufacturers decided to go after the cheap foreign labor and pay the displaced U.S. workers as well. As usual, the media took the sensational route and reported that UAW employees were being paid to do nothing and used inflated pay rates to pump up the hype. Naturally these stories angered the consumer – car buyer – who might have done well to channel that emotion into taking steps to preserving their own jobs. The public’s anger was stoked further by politicians such as Mitch McConnell of Kentucky and Richard Shelby of Alabama whose states granted billions in concessions to foreign companies to locate there and compete with the big three. Many will continue to place blame for the GM and Chrysler bankruptcies on the UAW but, like so many of our nation’s problems, they can be traced back to the growth of globalism.

    Maybe there is still hope for our country’s economic future. Billionaires such as Warren Buffett and Ken Langone will tell anyone who will listen that their own taxes should be raised. Buffett points out that his taxes run about 17% due to accounting’s legal navigation through the ponderous tax code while those of his office staff are in the 33% range. This link http://www.fiscalstrength.com/
    takes you to a site run by patriotic millionaires asking other wealthy Americans to enjoin them in requesting that their taxes be raised for the good of the country in which they have thrived. They seem to have seen through greed and recognize that additional revenue is required from those most able to provide it if our deficit is ever to be reduced. Of particular interest are the historical tax rates provided there and how much higher those rates were during times of great prosperity.

  • Karen

    So True
    Listen to cable news (MSNBC,CNN & Lying FOX)and this info is never discussed, rather a ROSY PICTURE of a growing economy, job growth, stock market is up, ETC, I see this and try to tell others and they rather hide there head in the sand then hear the truth. I voted for OB and had high hopes for change but OB keeps on trying to belong to that elite greedy group. Congress and The Supreme Court and The Federal Reserve/Wall Street are
    now owned the GREEDY MASTERS! So Sad that people can’t read and learn for themselves the truths that are now in their faces.

  • http://greeneracres.spaces.live.com/default.aspx Michael

    What I find so amazing, ironic and illogical about what looks like the diabolic plans of the ‘elite’. Is that they seem to think they will escape the chaos and destruction and will not ultimately succumb themselves to the consequences of what their plans will produce, another “Dark Ages” period of history. As I truly believe if things keep going the way they are Dark Age will be the word to best describe what will unfold.

    Madmen and megalomaniacs always seem to discover the folly in their plans when it is too late!! Thinking of the cartoon “PINKY & THE BRAIN” just now, as that’s just how stupid I believe these plans for a New World Order or whatever it is they supposedly are not trying to make come to fruition will ultimately prove to be. As the old saying goes “the only thing harder than the climb to the top is the inevitable fall that will follow”.

  • H8TheFed

    I am still looking for a place to relocate to in the US where I can ride out as much of the coming storm as possible. A real “Hail Mary” at this point in time. I used to think that the “stock up on food, fuel, guns, ammo, etc survival crowd were paranoid and were over reacting; but the way things are currently going I am starting to see the wisdom of their approach. I only hope I am not starting too late.

  • JLouise

    I echo what Richard Swank wrote. In fact, I am surrounded by so much apathy and denial among people, I sometimes say to myself, “am I the one who’s nuts?!” That’s why I love this site, along with dailyjobcuts.com and others which illustrate the deep and dire problems we face, and I can then keep reminding myself, “yes, I’m the one who has a grip on reality after all!”

  • onecansay

    Well, the way I see it the whole system has to implode. This is the only way to get the fat, lazy brain-dead peons to take notice that they are truly screwed.

    Unfortunately TPTB have all contingency plans in place for whatever scenario pops up, almost.

    They have done there job and continue to do so: DIVIDE AND CONQUER!

    I for one desire to see a complete devastating scorched earth implosion. We will ALL be taken up in that implosion, so be it.

    Sometimes you have to destroy it all to save it all.

  • Gary2

    If a billionaire had 95 % of their assets
    taxed away, this would leave them with
    $50 MILLION. They will still be rich,
    their children and grandchildren will still
    be rich. They need not work a day in their
    lives. They will continue to live very
    comfortable lives in a nice mansion with
    health-care, education and all the necessities
    of life, and also a great many luxuries.
    TAX THE RICH-SPREAD THE WEALTH!

    As this article proves- I am correct. We need to HEAVILY tax the rich and corporations and spread the wealth.

    I saw on TV that in Kentucky there was a near riot at the unemployment benefit offices as unemployment is not getting extended. These are the same foolish dolts who voted rand paul to power. They vote against their own self interest and are too stupid to see this. The GOP hate machine has it easy to fool so many people as so many of them are unsophisticated low information people.

  • SARAH

    Diet Sodas usually contain aspartame which produces formaldehyde as you digest it–more than the legal limit.

    Aspartame—just the amount in one can of diet soda—produces an excessive amount of the carcinogen formaldehyde in your body. Aspartame is the chemical in Equal® and NutraSweet® and is the sweetener in most diet sodas. Formaldehyde isn’t listed in the ingredients; your body produces it as you digest the soda.

    When you drink a diet soda, your body breaks down the aspartame into aspartic acid, phenylalanine, and methanol, one molecule of each.

    aspartic acid is harmless; it’s broken down into alanine, an amino acid, and oxaloacetate, an organic compound
    phenylalanine, an allergen to some people, is broken down into mostly tyrosine, an amino acid, and to a lesser extent into phenylethylamine, an alkaloid, and phenylpyruvate.
    methanol (wood alcohol) is broken down into formic acid (the toxin in ant bites) and formaldehyde which is a carcinogen.
    Each diet soda with aspartame produces about 20 mg of methanol. The methanol breaks down further into 6 mg of formaldehyde which is three times the daily EPA limit. It’s 30 times the limit in New Jersey, 100 times the limit in California, and 300 times the limit in Maryland.

    Read more at Suite101: Diet Sodas and Cancer: Aspartame breaks down to methanol and formaldehyde. Yummy! http://www.suite101.com/content/diet-sodas-and-cancer-a33215#ixzz16nGh2aOB

  • ChasD3

    According to Glenn Beck it may be too late stop the elite created financial tsunami flooding across Europe on the way to our shores. Thank God he is one of the most powerful voices in America. He informs us about how to at least survive the inevitable wave. God, values, and self-reliance are primary keys. America will soon be unrecognizable to Americans of just a generation ago. Time for survival mode.

  • Help

    Off topic question – what does one do when ones spouse refuses to buy a weapon for protection? I am at my wits end trying to figure out what to do to protect my family. A big stick is not going to stop a mob of people beating down our door to steal our food, or worse, rape and murder our children.

  • Manni

    our profit oriented society creates this behaviour ….
    the effects are, abuse of the environment, animals and the people …. only profit counts!
    I think the venus project is a much better alternative…

    http://en.wikipedia.org/wiki/The_Venus_Project
    and
    http://www.thevenusproject.com/

  • RunVampRun

    America business believes in capitalist ideas when there is a profit to be had and quickly become socialist when there is a debt to be paid (can ya say bail out)! Middle-class loses on both ends of that type of thinking!

  • http://iwmcbprofnasty.blogspot.com profnasty

    Capitalism is a race to the bottom. It seeks, and finds slave labor. America is a failed state. Wallstreet is the winner and still champion.

  • endthefed

    Concentrate on basic steps.

    Don’t vote for incumbents
    Don’t do business with the big banks
    Stay out of debt — bankers feed on debt
    Support the audit and the ending of the Fed

  • mondobeyondo

    I fear it may already be too late. The genie’s out of the bottle.

    We can TRY to impose tariffs, regulations, etc. on China, India and other 3rd world countries, in an attempt to get jobs back to America.

    So suppose it works. New Zenith or RCA-ATB (RCA – America the Beautiful) begins to hire American workers, and begins to make American made TV’s and electronics like they did in the 1950′s and 60′s. The price of their finished product will go through the roof. Why? Because you’ll have to pay that American worker a decent wage, plus health insurance, plus other expenses that companies hiring a Chinese or Indian person don’t have to worry about.

    Are you willing to work at a factory in, say Illinois or Michigan, for $10 a day? If not – if you want to earn a decent wage with benefits like we’re accustomed to – then prepare to pay $3,000.00 for your new RCA-ATB flat screen television, which you won’t be able to afford.

    But you say, “I can’t afford to feed my family, pay my mortgage, electricity, water and gas on $10 a day!! How can I buy “Call of Duty” for my PS3 and watch Lady Gaga on my big screen TV, on such a paltry salary? $10 a day – that’s not even 4 Big Macs! I NEED a higher wage! This is so unfair!!”

    And that’s part of the reason why once proud American jobs are gone forever.

    Awww. Welcome to “the rest of the world”!

  • Richard W

    I must disagree with the previous poster who posits the tired saw of the Democrats being for the little guy and the GOP is for the rich.Most of the most influential billionaires in power today are Democrats, and many of them helped place Obama in the Presidency (G. Soros, W. Buffett, et al). Most of the powerful media people are Democrats (Hollywood, CBS, NBC, ABC, Oprah, Disney). Of the millionaires in the House and Senate, the vast majority are Democrats. Rand Paul probably has the smallest net worth of any of them.

    For the life of me, I have no idea how this myth is perpetuated. I don’t mind what party you prefer, that is none of my business. I do care when blatant fictions gets trumpeted as the truth.

  • Lennie Pike

    Economic Collapse:

    Your best article ever. You hit the nail on the head with this culmination of all your previous articles. You can rest now – just keep posting this same article every day.

    Everything we see and hear from their media outlets and their other tools is disinformation and deception so that their activities can continue unrestricted. Things use to be different not too long ago and can be that way again – easily – if people knew or cared what has happened – not so easy.

    I would like to see video of factories in China that were moved there from the U.S. to access the slave labor and lack of any regulations whatsoever – some of which are necessary to ensure human rights. It seems that at least one video showing at least on ex-American factory would have been broadcast at least once at some time during the last 25 years on the MSM. I can’t remember ever seeing one.

    I do know however that at the same time we in the U.S. were being told that G.M. was bankrupt and needed a taxpayer bailout, that a G.M. factory the size of a small city was coming online in China. Why can’t I see some video of that G.M. factory in China – it must be awesome looking and I very am interested in seeing it. Pleeeeease?

    Try to imagine, just using your common sense, of occurrences that must have happened somewhere in the world that you have never heard reported in the U.S. – there is a reason you don’t hear about them and it has a lot to do with you being abused by the elite.

    Law enforcement has to be used to ensure that capitalism is accessible to everyone if for the sole reason of preventing the abused masses from retaliating when things get bad enough for them by attacking and killing their abusers – a normal reaction that has a long history of occurring. The love of money is the root of all evil. Unfortunately this law enforcement is under their control and not of or for the People – we don’t matter.

    We are being deceived and lied to about just about everything. Wake up America and DO something about it other than voting. U.S Military Members – wake up – think about why and who you are fighting and killing for overseas. It is not for the average American – we are being controlled and abused by our illegal and unconstitutional government – you know that is true. Think about who, what, where it is – that’s it you have to think about where it is, and you are thousands of miles away from where you should be if you are fighting overseas.

    By the way MSM, nice damage control and character assassination piece on the Wiki Leaks founder Julian what’s his name. Look for him to disappear soon. The U.S. Government is totally under the control of some very bad people now and we need to regain control.

  • ReBootd

    To add to Silver Bean’s excellent suggestions, I highly recommend to anyone here, the videos The Money Masters (parts 1 and 2). They are long, but infinitely worth seeing in the entirety. Videos here:

    Part 1:
    http://video.google.com/videoplay?docid=7757684583209015812&hl=en&emb=1#docid=6076118677860424204
    Part 2:
    http://video.google.com/videoplay?docid=7757684583209015812&hl=en&emb=1#docid=-7336845760512239683

    @Help: re your off-topic question. Take your spouse out to a shooting range and have her/him try target shooting, “just one time.” The first time they actually shoot a gun, get to handle it, get to understand how it works, that is the moment they begin to stop fearing it. Usually they have fun, and you can get them to do it again. And again. Then suddenly they want one of their own. Address the fears, because that is at the core of their dismissal of it.

  • http://WWW.OSIXS.ORG Morpheus

    This is really nothing new. Most people don’t think for themselves. People are fooled into doing nothing while they are robbed over and over. Maybe they deserve it.

    If you are not one of these people, I suggest you “JOIN THE REVOLUTION”.

    Time is not on our side. It’s easy to do nothing. See what I mean.

    If you wan’t a future -
    Read “Common Sense 3.1” at ( http://www.revolution2.osixs.org )

    FIGHT THE CAUSE – NOT THE SYMPTOM

  • http://www.uncensored.co.nz Scott Ewing

    Fantastic article !

    Well done.

  • http://johnturmel.com KingofthePaupers

    Jct: They need statistics to see that to those who have abundance, more will be given in interest, and to those who have no abundance, even what they have will be taken away in interest. (Jesus’ 7-times most cited quotation) I just need the Laplace Transform 1/(s-i) to know how the positive balances get richer and the negative balances get poorer. See my Advanced Banking Systems Engineering analysis at http://johnturmel.com/bankmath.htm

  • alice

    Slavery is back and legalized, world wide!

  • http://nil nofear

    So refreshing to read all these posts and nobody got into a bunfight. Congratulations all! fantastic site and great article too.

    A few points…the Money Masters Video recommended above is a great chestnut and should be compulsory viewing at school imo.

    No, we are not the the crazy ones…in a past life we would be crying out to flat- earthers that the world must be round.

    Re Wikileaks, i’m beginning to think this is a sanctioned MSM /PTB release which will in turn be used to censor the net even further. (Clue…are there any damning leaks about Israel to be “found” in any of these documents?)…you decide..

    I would not say that Capitalism is the problem, rather that GLOBALISM is the core problem. It is a ponzi scheme that rapes and pillages all countries subjected to it, while the inhabitants lose their shirts. Globalsim is an abject Failure. No good has come out of it for the common man, and by its very structure, no good will ever come of it unless wealth is distributed and that goes against the modus operandi, which is rape and pillage one country, exhaust its resources and when its standard of living “rises” , find a new country to rape and plunder.

    Please don’t anyone tell me that our standard of living has risen, citing that the Poor have cellphones. The Poor have been misguided into thinking they have to have cellphones.
    I agree that it is easy to think that we are beter off because our tv costs a few hundred rather than a few thousand dollars, however, when looking at that cost on that basis alone, we are not taking into acccount the further costs of sending our own money offshore, and taking jobs away from our fellow men and women. Add up the true cost of that cheap tv and it is not so cheap.

    Your dollar buys less than it did yesterday. Your houses have not gone up in value…your dollar has fallen..i.e. you need more of those dollars to buy the same house. (this is changing and a good job too…houses are a necessity, not a luxury, and should be affordable to all. That would be the true measure of our standard living perhaps?

    Gold is the instrument which proves our dollar buying less. Gold has not risen in value…it just takes more US dollars to buy Gold now than it did before. Meanwhile the same amount of Gold buys the same things it bought before, whereas the dollar cannot possibly hope to as more and more are printed and thus become worth less…soon to be “worthless”

    Gold is the great protection from both inflation and deflation…something that took me awhile to grasp.It is not necessarily the instrument for profit, but certainly an instrument for protection. Same goes for silver, which is probably 4 times better than gold for most small people and affordable to all.

    Thank you everyone…from another “crazy”

  • Dave

    This rant is pure Marxist bullshit. The fact that Person A has 10, 1000, or 1000000 times more wealth than Person B proves nothing. People differ, by orders of magnitude, in their ability to produce wealth, and societies likewise differ in their ability to protect it. Robert Heinlein explained this best:

    ‘Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
    This is known as “bad luck.”‘

  • jesse

    Re: Help

    Be a man. If the wife can’t handle a firearm in the house then she’s putting it in danger, not the other way around. Maybe she knows you aren’t responsible, or she thinks she might be tempted to delete you while you’re asleep? J/K

  • Uncle B

    America and the whole Western world is dead on the rocks! We suffer, not a healthy inflation that would revive us, but dreaded doldrums or even deflation- even with the fiat money presses working day and night. For the altruistic and ever hungry capitalist, China’s form of Capitalism was never taken into account. Only survivors of all this seem to be Brazil who manages to balance its books each year.Continental USA will depreciate and fall into Third World-ship in the next decades while the Chinese Communists switch from expensive oil to very much cheaper Nuclear power , a feat the U,S,A is not technically competent to do, save for antiquated bomb making technologies. Chinese products from nuclear power will flood the market, They will be much cheaper that their U.S. oil drenched counterpart, and America will be squeezed out of the world market-place!
    Had the $650 Billion + spent invading Iraq been spent on Solar,Thermal technology in the South Western U.S.A., today Americans would have and abundance of very cheap, clean, electrical energy. The Middle Class would delight in the new opportunities this would create, and grow to pay even more taxes back than the original enterprise ever cost!
    Solar, Wind, Wave, hydro, Tidal, Geothermal, all renewable and clean are abundantly available in the U.S.A. Capitalism does not have the sort of mandate required to make development possible. A Manhattan Project styled commitment by a U.S. government would. Since Americans prefer to bicker over moot points until the bitter end, we have a ways to go before any drastic and realistic steps are taken. Meanwhile, buy Chinese, be thankful their prices are low and keep the big reactors in China, safe and away from the American bomb building nut jobs!

  • Debbie

    @Dave. You should read “The Shock Doctrine: The Rise of disaster Capitalism”, by Naomi Klein. Very interesting book!

  • possum

    The most worrying thing is the creeping corporate monopoly over the food supply chain. We can do without crap from China, but we have to eat several times every day. Not to mention the appalling treatment of animals in factory farming. A corporation doesn’t have a conscience, doesn’t feel another creature’s pain. Animals cannot kill themselves when things become intolerable, they can only live in misery and then die, and give up their poisoned corpses for us to eat. Here in South Africa, one of our oldest seed companies has just been bought by a conglomerate. It’s called Third World investment. It’s supposed to be a good thing.

  • hope

    How could we be freed if we are under a system that keeps us in bondage. 2008 crash was not an accident. I believe it set the stage to cause the babyboomers poorer. I lost a lot too. Past has passed. Now is a good time to stock up food , precious metals. It’s may help keep us sane, and our stomach full. Perhaps help the next person as well.

  • balayogi

    what is worse still is some of the rich in USA are misusing this wealth without realizing by funding church and religious related activities who sponsor non productive and useless conversion industry in poor countries or even among the poor
    in developing and developed countries

  • K

    Hi, Hope.

    You can buy your own weapon. You can also divorce your wife. You may be able to trick your wife into buying a weapon. You can do nothing. If you buy your own wapon then you can tell her about it or keep it secret.

    The unpleasant fact is your wife is either extremely stupid or doesn’t love you. In the future maybe you can give her to a violent mob in exchange for your children’s live.

  • Taint Boil

    Here is a funny story about a guy who sticks it to the bank. Found on Patrick.net

    http://patrick.net/forum/?p=25968

  • Bite Me

    You die-hard capitalism-defenders sure look like just another bunch of ignorant hypocrites.

    EVERY CAPITALIST SOCIETY HAS FAILED!!! Yes, you like to say that about every communist society, but the truth is more dire on your own front. American capitalism has failed multiple times, and is only ‘alive’ because of the adoption of socialist supports. Those supports being taken away led to another FAILURE OF AMERICAN CAPITALISM in 2008.

    How you can still defend capitalism shows what deep level of brain-washing the eCONomic academia has produced. You are repeating the goals of the elites. You will NEVER have capitalism without criminal wealthy elites. NEVER!!!

    How you can continue to delude yourself that the opportunity for more for you is the basis of a just society is quite illuminating.

    WAKE THE **** UP!!!!! YOU LOOK AS DUMB AND CROOKED AS YOUR ENEMIES. IN FACT, YOU ARE YOUR OWN ENEMY.

    WAKE UP!!!!

  • Kawlijaa

    It’s about control pure and simple. The easiest way for the elite (establishment)to control a population,in the US or anywhere around the world is through debt and the use of poverty and the homeless as a motivator.
    Capitalism is the solution as well as a the problem.
    What we have today is greed motivated capitalism and it is feeding on its self. What we must develop is need motivated capitalism where the wealth generated is more evenly ditributed.
    If the Chinese are tempering communism with capitalism then it must also be they are softening greed motivated capitalism with a social conscience and that is where we need to be.

  • John Smith

    Bite me, your dangerous nonsense has to be rebutted. You say every capitalist society has fallen, but I say when every capitalist society has fallen it’s because it has become anti-capitalist. You ignore the fact that we do not have capitalism anymore in the U.S. but rather fascism which is an unholy government-corporate alliance bent on dominating the world. It’s precisely because we adopted socialism in the early 20th century that the whole edifice is imploding now. The solution isn’t more state control, the solution is less state control. Every society that has a centralized government falls. That is the problem — Centralized government. It doesn’t matter how noble your intentions, any concentration of power is both immoral and corruptible. Nothing will ever change until we decide to walk away from the childish fantasy that we need an omnipotent parent to look over us and protect us from the things we fear. Until that happens, the world will continue to fall into darkness.

  • Mike Mckay

    The idea that a nationalised company cant run effectively is a myth that has been spread to aid privatisation and the “proof” that it doesnt work has been engineered by the people who stood to benefit from privatisation

    Similarly the idea that we have a choice between “capitalism” or “communism” is nonsensical(ism) at its best and is also a myth spread by the elite as a way to maintain their control

    Its like saying we can either have a arctic weather or severe drought, weather doesnt only offer those two extremes and the same is true of finance

    China is actually a prime example of that where (for now) they are exhibiting a far more healthy mix of social conscience and capitalist driven economics that anyone else on earth

    But they do show that its possible to have capitalism AND still provide public services

    We dont need to get rid of capitalism, we simply need to accept that it should have limits and that a country where one person can be a billionaire whilst a billion people are struggling to have food, clean water, healthcare, heat and a roof over their head is just morally wrong and should not be allowed to happen

    Capitalism isnt the problem but selfish unregulated and unlimited greed quite definitely is and that is something that countries CAN change, the main problem is getting people into power that arent already bought and paid for in advance by the people with the money

    And that is perhaps what IS impossible

  • G0R3P1G

    Try to advocate pushing to get money out of politics, getting rid of the two party system that is corporate owned, and implementing laws to target the economic controllers of America that are the true threat. I call them financial terrorist they have so much influence and keep the people in the dark. Divide and conquer tactics are working wonders and government/media is only becoming more corrupted by the financial elite.
    There has to be a message that unites the people on a few common issues that can not be diverted or corrupted with distractions and influence. When the people unite there will be no stopping it and it needs to be peaceful once accomplished then there can be a focus on serving justice upon the corrupt.

    That being said BOTH parties are bought and sold corporate puppets nothing ever changes. One party can have a majority and nothing happens.
    The corporate dictators and banksters run this nation. They are the tyrants of this democratic republic. Also behind all of the wars for corporate colonialism.

    Read a short article called “The Uncooling Of America” (search it online)
    The people left Europe to come to America to get away from exactly what is going on today and it explains a lot about how it happened.
    Founding fathers and many president warned of this including other intellectuals.
    We where even warned of a two party system by G. Washington in his farewell address read it.

    I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country.
    Thomas Jefferson

    I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . . corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.”
    – U.S. President Abraham Lincoln, Nov. 21, 1864

    Mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges… which are employed altogether for their benefit.
    Andrew Jackson

    I could list many more it is time to wake up to what our forefathers knew and fought.

    It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society — the farmers, mechanics, and laborers — who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their government. There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing.
    Andrew Jackson

  • Craig King

    You do know your entire premise is bogus though don’t you?

    Those who earn more than you don’t leave less for you.

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