The Beginning Of The End
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The Mystery Of The Shemitah

85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined

New World OrderThe global economy is structured to systematically funnel wealth to the very top of the pyramid, and this centralization of global wealth is accelerating with each passing year.  According to the United Nations, 85 super wealthy people have more money than the poorest 3.5 billion people on the planet combined.  And 1.2 billion of those poor people live on less than $1.25 a day.  There is something deeply, deeply broken about a system that produces these kinds of results.  Seven out of every ten people on the planet live in countries where the gap between the wealthy and the poor has increased in the last 30 years.  Despite our technological advances, somewhere around a billion people go to bed hungry every single night.  And when our fundamentally flawed financial system finally does collapse, it will be the poor that will suffer the worst.

Now, let me make one thing clear at the outset.

Big government and more socialism are not the answer to anything.  Big government and more socialism almost always result in increased oppression and increased poverty.  If you want to see where that road ultimately leads to, just look at North Korea.

What we need is a system that empowers individuals and families to work hard, be creative, build businesses and to take care of themselves.

But instead, we have a system where all power and all wealth are increasingly controlled by giant banks and giant corporations that are in turn controlled by the global elite.  The "financialization" of the global economy has turned almost everyone on the planet into "deft serfs", and the compound interest on all of that debt enables the global elite to constantly increase their giant piles of money.

As I have written about previously, the total amount of government debt in the world has increased by about 40 percent since the last recession.

And when you consider all forms of debt, the grand total for the planet is now up to a whopping 223 trillion dollars.

This enables the super wealthy to constantly become even wealthier.  It is like a giant vacuum cleaner that sucks wealth out of all of our pockets and transfers it to them.

It has been reported that the global elite have approximately 32 trillion dollars stashed in offshore banks around the globe.

But that is only what we know about.

What we don't know about is probably far greater.

Just like most people don't realize that men like Bill Gates and Carlos Slim are not the wealthiest men on the planet.

The people that are really at the top of the food chain are masters at hiding wealth and they absolutely do not want their names being thrown around in the media.

Meanwhile, those at the bottom of the pyramid continue to suffer.

For example, it was been widely reported that there are more people in slavery today than ever before in human history.

That is an absolutely amazing statistic.  It is hard to comprehend how that could be possible, and yet it is.  A new UN report says that there are 21 million slaves around the globe right now...

Nearly 21 million people are working as modern day slaves, falling victim to trafficking, forced labor and sexual exploitation, a new UN report finds. The illicit market in exploited people generates billions of dollars in profit worldwide.

The report by the International Labour Organization (ILO), which draws on information gathered in a 2012 survey, also found that annual profits stemming from forced labor are three times higher than previous estimates.

“Put into perspective, the 21 million victims in forced labor and the more than US$150 billion in illegal profits generated by their work exceeds the population and GDP of many countries or territories around the world,” the ILO says.

This is an utter abomination, but this is actually happening all over the planet.  The following is one story that I recently came across out of India...

Dialu Nial’s life changed forever when he was held down by his neck in a forest and one of his kidnappers raised an axe to strike.

He was asked if he wanted to lose his life, a leg or a hand.

Six days earlier, Nial had been among 12 young men being taken against their will to make bricks on the outskirts of one of India’s biggest cities, Hyderabad.

During the journey, they got a chance to escape and ran for it – but Nial and a friend were caught and this was their punishment.

And yes, he did end up losing his hand.

Fortunately, most of us are not facing that kind of oppression.

But that doesn't mean that we aren't slaves.  The borrower is the servant of the lender, and over the past four decades the total amount of debt in America has gone from about 2.2 trillion dollars to nearly 60 trillion dollars.  Many of us work as "debt serfs" our entire lives, and we never even know the names or the faces of those that we are making rich as we slowly pay off our debts.

And all of this debt is one of the primary factors destroying the middle class in America.  Just this past week, the New York Times reported that the wealth of "the typical household" in the United States has declined by 36 percent over the past decade...

The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially.

The Russell Sage study also examined net worth at the 95th percentile. (For households at that level, 94 percent of the population had less wealth and 4 percent had more.) It found that for this well-do-do slice of the population, household net worth increased 14 percent over the same 10 years. Other research, by economists like Edward Wolff at New York University, has shown even greater gains in wealth for the richest 1 percent of households.

Does that upset you when you read that?

It should.

And the outlook for the next generation is even worse.  Most of our young adults are absolutely drowning in student loan debt and other forms of debt, and wages for new college graduates are terrible.

Sadly, most people don't even realize how the global financial system works or why the gap between the super wealthy and the rest of us continues to grow so rapidly.

It has been estimated that the wealthiest one percent currently have 110 trillion dollars.

That is 65 times more wealth than the bottom half of the global population combined.

They are hoarding wealth as we approach some of the most unstable days in all of human history.

So how do you think all of this will play out?  Please feel free to share your thoughts by posting a comment below...

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  • Bill

    The title sounds like fuel for Gary. The real problem is that capitalism works but the system is abused by the greedy crooked elite. Throw the imposter out along with his supporters and the greatest system will survive. Truth wins.

    • paul

      Capitalism is a good system, but no system works forever…

      • Bill

        You are right if we let the thugs prevail.

      • Will Wilkin

        Capitalism and socialism need each other. Pure forms of either are unrealistic and lead to tyranny.

        • Bill

          So what is the ultimate?

          • Ian

            47% Capitalism
            47% Socialism
            6% Communism

          • Bill

            Seriously, how do you create that?

          • Priszilla

            You can’t create either.

            Capitalism developed out of feudalism. It wasn’t created by the ruling class either.

            It took capitalism 600 years to become what it is today.

          • davidmpark

            How did capitalism come from feudalism? That’s a new one for me.

        • K2

          True again. Damn we both think alike.

    • Priszilla

      Sounds familiar.
      The problem is that socialism works and is good but is abused by the lazy and greedy.

      People need to learn that volunteering is fun. And has rewards. Non profit organizations that do not pay profit ir dividends to members but use it to reinvest into research education healthcare infrastructure might be an alternative. But still need to watch the salary of the greedy directors.

      • K2

        True about socialism, but capitalism is also abused the same way by the lazy and the greedy in capitalistic societies and countries. Some of the elites that michael talked about in the article have become rich and powerful that way. And some elites are a product of abusing socialism that way.

        • Priszilla

          The conclusion about socialism is that because of the greed it can never work.
          What is the conclusion for capitalism? That it needs greed?

          • K2

            Too much greed and capitalism stops working too.

      • anonymous1

        So, the directors get paid for their time but everyone else should work for free? No thanks.

        Volunteering and Internships are legalized slavery.

        • Priszilla

          Volunteering and non-profit organizations are two different things. They can come together, but there are large corporations making a billion in turnover that are non-profit organizations and habe thousands of paid employees.

          It’s only that these non-profit organizations are not owned by anyone. They are like a club with members, and the members are not allowed by law to take out any money. They are just there to supervise that nobody else takes out any profit and that the organisation is sticking to its regulations.

          But still, you need to watch the directors so that they don’t squander the money on gifts for each other.

          But the Internet is a nice platform to make documents public.

          So, a receipt of an expensive watch, a video of a rigged prize draw at the Christmas party, …

        • Priszilla

          Did you ever hear of open source? How much did you pay for Linux to Linus Torvalds?

          How much did you pay for the World Wide Web to Sir Berners-Lee?

          How much royalties do we pay annually to the inheritants of the developer of the wheel? Or the discoverer of the fire? The developer of the alphabet?

  • seth datta

    Every last one of these people are from the synagogue of satan. Deny him and all his minions friendship and obedience, for the gift from God and Christ of eternal life shall be yours. And in the days to come, faith will be the only thing that will cut your days short and get you through.

    • retired22

      Listen ,Shmuck.
      I am Jewish,I go to a Synagogue & the Synagogue has no dealings with Satan.
      You Seth are a low end cretin & know nothing about religion of any sort,Jewish or Christian!

      • Kent Harris

        Christians give Jews a high rating of 69 but Jews give Christians a 34?

        • retired22

          Because most are secular American Jews who worship the great god Roosevelt.they have even lower regard for observant Jews who keep the faith.They are the same type as the Hellenized Jews of biblical times who fought against the Jewish Maccabees & for the Greek overlords in Judea.they are also the same as the Tories who fought against the Patriots in the American Revolution.Both the Tories & the Hellenized Jews disappeared from history,but America & Israel are still around & have their best years ahead of them.

          • Anti-jew

            Death to every jew.

          • retired22

            Did you figure out that statement all by yourself?
            Or did you have help?

      • seth datta

        So much for freedom of speech. Outside the uk and us we know the truth.

        I have not insulted you, yet you insult me. I merely stated a historical fact. You are brainwashed and the ADL is a wicked organisation for banister interests that suppresses the truth.

        • Nicknakthetruthspeaker

          Why do you give a toss about this idiot?

          A very friendly jew guy who live in Asia told me this fight is about politic. People could live in peace.

          • retired22

            “A very friendly Jew Guy”who live in Asia?
            Nicknack you sound like a real class act! Is that a photo of you left of your comment?
            If I looked like this I would also be angry at the world!

        • retired22

          I have insulted you?I didn’t know that was possible
          1)Freedom of speech?This is blood libel.Millions of people died because of false accusations.
          2)You know the truth?
          what truth is it you know?
          3) I am brainwashed & the ADL is a wicked organization?
          4) What in hell have I to do with fat Abe Foxman & the ADL?
          5)the ADL dosen’t represent Jews,it is a propaganda wing of the Democratic Party!
          6)Who the hell is Banister?
          How does he suppress the truth?

      • Orly?

        Q: Why doesn´t jews like oral?

        A: Too close to the gas chamber.

        Q: Why do jews have such big noses?

        A: Air is free!

        I asked a jewish girl for her number. She rolled up her sleeve.

        Q: How do you get 100 jews into a car?
        A: Throw a quarter in it.
        Q: How do you get them out again?
        A: Tell them Hilter is driving.

        Q: What language does a Jewish homo speak?
        A: Heblew.

        Q: Did you hear about the Jewish Santa Claus?
        A: He came down the chimney and said “Do you want to buy some presents kiddies?”

        • retired22

          Michael,How did you let this piece of excrement slip by?
          sarcasm & sharp rejoinders are 1 thing but this guy,orly, is raw sewage.Is this what your blog is coming to?

  • Mike Smithy

    Not to worry, it’s an election year. You can be sure that the dumbed down masses will have an abundance of bread and circuses to keep them occupied. Same as it ever was.

    • davidmpark

      This is gonna be an interesting election!

  • Rufus T Firefly

    Can we get a list of these 85 super wealthy people? Because I think these guys are every bit as admirable as the Twelve Apostles. Heroes of ourtime and for all time.

    I am calling this “36% drop in wealth the last decade” as 100% pure bullfeathers. My net worth over the last decade has increased by 400%. no, not from $10 to $40, no I don’t have a super high paying job and no I don’t live in my car and raid dumpsters, and yes, I am debt-free. I work, live modestly but comfortably and pay my bills, especially paying myself first. If other clowns can’t do those simple things, kick them to the gutter. You losers have reaped what you have sown

    • Guest

      They’re not heroes. They accumulated all that wealth at the expense of the rest of humanity.

      • anonymous1

        How do I vote this up 100 more times?

        • Kent Harris

          Agree.

      • Malcolm Reynolds

        accumulated all that wealth at the expense of
        That’s what I like to call economic illiteracy.

        • Guest

          How so?

          • Malcolm Reynolds

            Well, here goes a waste of breath. Wealth creation is not zero sum. There isn’t only x amount of wealth in the world and no more wealth can be created. Lefty fiction….

          • Guest

            In my initial comment I was merely trying to convey what Michael so aptly stated in the article. In case you didn’t read the article, here’s a quote that captures what I was trying to say.

            “The ‘financialization’ of the global economy has turned almost everyone on the planet into ‘debt serfs’, and the compound interest on all of that debt enables the global elite to constantly increase their giant piles of money.”

            Now, do you still find fault?

          • Malcolm Reynolds

            Well, since the debt YOU got YOURSELF into has exactly nothing to do with someone else’s wealth, and that quote above has nothing to do with what you said, uhh, yes.

          • Guest

            You don’t understand plain English. Other readers obviously understood what I intended to convey in my initial comment. One reader even replied to my initial comment and asked how he could vote up my comment 100 times.

            Malcolm, if you’re so smart, why don’t you start your own blog and tell us the solutions to the world’s problems? We’d love for you to enlighten us. But I think you’d rather just spend your time leaving vitriolic comments on someone else’s site, as you have here. I remember a few months back you told someone to “STFU.” Yes, you said that, Malcolm. And, no, it wasn’t “Gay Veteran” that you said that to. I’ll even dig up that comment if Michael didn’t delete it.

          • Malcolm Reynolds

            You don’t understand plain English
            ummkay, it’s me. Have a good one.

    • Priszilla

      Henchmen are paid to secure the wealth of the top by keeping the slaves in the gutter.

    • Ben

      Real economic heroes stay with their country through thick and thin. I imagine that these people betrayed their country for the luster of globalization and China years ago.

  • Bubba Johnson

    “What we need is a system that empowers individuals and families to work
    hard, be creative, build businesses and to take care of themselves.”
    Americans did believe that, but no longer do. God help us. Sorry for using the word God.

    • Bill

      Thank you for defining capitalism. It used to work when most people honored the Pledge of Allegiance because they had a conscience. Greed has no conscience. No conscience = no believe in God. Perhaps that is why “The Pledge says under God”. And now you know why our country is self destructing.

  • K

    Capitalism left the building, a while ago. What you have now is fascism. The elites and their bought and paid for Government, working hand in hand to fleece everyone else. The level of Greed exhibited by these people, has passed the sickness level. They for the most part have reached a level, that can only be described as evil. And if you knew their plans for the rest of us. I bet you would think them evil as well. They think they are untouchable. Maybe they are in this life. But they will not fair so well in the next.

    • Antoine Rousseau

      Americans still believe in the paradigm that they are free, when the reality is the opposite and the US Constitution implicitly
      define them as subservients.

      Remember that this document is a summarized compendium of British Common Law, Admiralty Law and Canon Law (being the latter issued under the express guidelines and orders from the Vatican – read the communications between His Holiness Pope Pius VI and Benjamin Franklin); the framers wanted to make sure that the ignorant masses living within the circumscribed territories of the United States of America remain under such condition – their ulterior and ultimate
      goal.

      Additionally the Act of 1871, made possible for the Vatican and the British
      Monarchy to manage more efficiently the Corporation called THE UNITED STATES OF AMERICA. In fact, Title 28 of the U.S. Code, section 3002 (Definitions) brings the legal frame for this assertion:
      (15) “United States” means—
      (A) a Federal corporation;
      (B) an agency, department, commission, board, or other entity of the United States; or
      (C) an instrumentality of the United States.

      According to the Constitution, all individuals born (and naturalized) within the territories in which this corporation exerts an effective jurisdiction are
      cataloged as less than human beings, they automatically lose their quality of natural persons by birth or naturalization; instead, these people become Financial Instruments until the day they cease to exist (easily tradeable packages of capital, each having their own unique characteristics and structure.)

      As a matter of jurisprudence the US Constitution adheres to the principle
      that Admiralty Law prevails over Common Law and goes in accordance with Vatican’s Code of Canon Law:

      Book I, Title VI, Chapter II, Can. 114, §3
      “The competent authority of the Church is not to confer juridic personality except on those aggregates of persons (universitates personarum) or things (universitates rerum) which pursue a truly useful purpose and, all things considered, possess the means which are foreseen to be efficient to achieve their designated purpose.”

      Article I, Section II, Paragraph 3 (first sentence) of the United States Constitution reads the following:
      “Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons.”

      The lawful stockholders of THE UNITED STATES OF AMERICA are located at Buckingham Palace and St. Peter’s Basilica.

      In brief, ordinary Americans are indeed less than subjects of the British Crown and dependants on the wishes of Her Majesty Queen Elizabeth II; simultaneously, the Sancta Catholica Apostolica Romana Ecclesia is their absolute Sovereign and dictates all aspects of their daily lives.

      • NowAlive

        That’s a lot of cutting and pasting from unofficial documents and cherry-picking others to create quite a conspiracy. The constitution all defines things like the Bill of Rights and enumerated powers of our United States Government. You seem to have ignored those to come up with this fantasy. I seriously hope you don’t believe all of that.

        • John Malsford

          Unofficial documents?
          Better inform yourself and recognize that Antoine is posting a painful reality that few Americans are willing to accept.

      • SwaptionsNG

        Garbage. Troll.

    • III

      blog.skepticallibertarian.c o m/2013/02/07/fake-quote-files-mussolini-on-fascism-and-corporatism/

    • RICHARD

      Always on the money K, I still say were the 3rd reich of the 21st. century, and it isn’t going to end well.

      • K

        Actually, I guess we are the 4th reich. A fact I find particularly disgusting. I always wondered how the Germans allowed the Nazis to take power. I guess they were just as disengaged, as most Americans are.

    • michaelbme

      Fascism is the end result of capitalism.

      • mike

        Fascism is the end result of giving up your rights as a citizen to the government.
        CAPITALISM

        : an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

        FASCISM

        1 : a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition

      • SwaptionsNG

        Only when Christianity is removed from Capitalism. Capitalism only worked in America while America was a Christian Nation with ethics and morals, preferably Protestant to be blunt.

    • bob

      The 85wealthy are greedy tv preachers that fellowship with the works of darkness and go the Bohemian grove

  • Tim

    “It has been reported that the global elite have approximately 32 trillion dollars stashed in offshore banks around the globe.”

    What’s the point of holding that much money in banks? If the only thing the elite have in life is more money than anyone could ever spend, they must be miserable, superficial people. The elite will die like the rest of us, and they cannot take their wealth with them when they die. They brought nothing into this world, and they will take nothing with them when they leave.

    • Will Wilkin

      When you have that much money, it is no longer for spending, it is political power.

      • K2

        True.

    • davidmpark

      Exactly! What good is money when there’s no marketable goods, no intrinsic value, nor many people who will accept their currency.

    • ConcernedAmerican

      This is why the “elite” keep pushing the STEM careers. They want the scientists on their payroll to find life extension, and immortality for the “elite.” Then, since their scientists have destroyed the earth’s soil with the GMOs they want the scientists to find another planet for them to live on. The movie “Elysium” seems to be exactly what the “elite” want.

      • Priszilla

        The elite is rarther pushing useless stuff like religion, law and marketing.

  • Will Wilkin

    Look at germany or France rather than North Korea and you might see that there is indeed a place for “socialism.” Market forces are strong and can be either constructive or harmful. Absolutely they must be harnessed by democratic government in the interests of the people. Unbridled markets give exactly the wealth concentrations and instability that undermine quality of life for the rest of us. Yet of course we must use markets to unleash the individual initiative and realistic prices of commodities. Have some balance….

    • III

      Sweden, 1950s.

    • K2

      True damn again. I made a similar point about ‘balance’ in another comment before coming across this comment of yours.

    • kfilly

      I beg to differ. After learning the USA’ s secret history, I say your wrong. Our Founding Fathers also said your wrong. Our country was founded on principles that required us to be a moral society. We had a debt free monetary system when Congress called the printing and coining of our money. The Act of 1871 gave the globalist socialist bankers their foothold into our country. Corporations got powerful as a result, and it laid the foundation of fascism here. The large banks were able to control tge country by manipulating the stock markets. Sheeple didn’t like the “unstability” and the Federal Reserve along with its progressive tax system. These bankers pulled the same con job in 1933. They caused The Great Depression. People once again wanted stability and then the USSA turned to wealth redistribution via the Social Security Act. The War on Poverty is another scam against the people. The creation of welfare allowed people to milk the system, but it sounds like you are cool with that being that advocate partial socialism. The way country was founded it was up to the citizens to help those in need. If able bodied citizens refused to work, it was not anyone’s responsibility to give them handouts so there were far fewer peolle gaming the system. Our government has been crushing morality and taxing everyone into to prevent people from helping others. Back in the day, our money was worth something, our entire government was funded by excise taxes, the people were free, and we didn’t invade every country under the sun. Gee, I don’t see a whole lot of benefit to socialism.

    • jox

      Completely agree. The word ‘socialism’ shouldn’t be demonized. There are concepts about social responsability and wealth redistribution that are perfectly aplicable in a capitalist country. Look at Sweden, Denmark, etc for a good balance.

      • anonymous1

        Look at Finland. How do they have almost zero poverty? Why isn’t everyone else trying to figure that out?

        The truth is, because a lot of people enjoy feeling superior to others. Some people like to think that they are better, wiser, more sin free, etc. than everyone else. Some people enjoy watching others starve while they throw food in the trash. Humans are selfish and enjoy being that way.

        Capitalism has become corrupted in the USA. However, all systems become corrupted because they are created by flawed humans.

  • tacoma

    Yes … the title is correct.
    I can see the great American capitalism has worked most wonderfully.
    So don’t bitch about those socialists! Or Europeans!!

  • anonymous1

    There was a time in the USA that small family farmers could become millionaires. It led those Americans to tell their children “Work hard and your will be successful and comfortable.” Now it does not matter how hard an individual works, they will likely never make more than minimum wage while they watch others that do no work live on vacation in the lap of luxury.

    • Priszilla

      And yet, these hard working lazy people are the first ones to defend the riches of the rich: do not tax the rich.

      • NowAlive

        This misses the point. Taxing and giving to the government is not the answer. Policies that force the wealthy to spend their money, thereby distributing to working citizens, is good for everyone. Remember, the government isn’t a business. Make them spend it, not just tax them so that the gov has even more to squander. Also, create policies that encourage people to work hard, not as in slavery, but actual hard work. a1 makes that point well.

        • Priszilla

          Make them spend how?

          By 20 hamburgers instead of just one?

  • Cynical Guy 42

    I guess a question is how these people got so wealthy. I know we’ve a bit of crony capitalism going on, with government working in collusion with businesses against competitors and consumers. But what else? Also, those calling for more government control should consider this: while some regulation is necessary, excessive regulation makes it harder for new businesses to get started.

    • K2

      The key is ‘balance’. Full regulation will be harmful and ‘no’ regulation will be harmful. So regulation where it is required, and no regulations where it isnt required, will be ideal.

      For eg: SMB’s should have little to no regulation, but once they get too big and powerful regulations should increase so that they dont stomp over SMB’s that are its competititors. Sadly its the opposite…. in the US and now in many countries. Same with govts. Local and state govts face more restrictions than central/federal govts in many countries.

      • K2

        Michaels article about few big corps controlling large food supply is why we still need regulations on large corporations.

        SMB’s however shouldnt be facing all of them or even most of them.

  • The Mutt

    George Soros’s face scares me.

  • The Mutt

    Ted Turner’s face shure is ugly looking and Warren Buffet’s face is goofy looking. He looks more goofier looking with those reading oosies on. That Mexican billionnier in mexico is A cute looking man. The CEO of Shell Oil company has A head shaped like A box.

    • Guest

      What?

  • davidmpark

    Wonder what would happen if we followed & enforced the Constitution as originally intended?

    • underaged

      Originally intended – you mean make black people slaves again, take rights away from women and non-landowners. No thanks!

      • davidmpark

        Here we go again.

        The Constitution did end slavery via state constitutions: Brom and Bett v. Ashley 1781, slaves freed on the basis that the Massachusetts constitutional provision that “all men are born free and equal” abolished slavery in the state; how about Quock Walker v. Jennison 1781; Commonwealth v. Jennison 1783; and so on. The Dred Scott v. Sanford case is when the Supreme Court said the Constitution protects slavery when numerous cases and many State Constitutions outlawed it already.

        Women and non-landowners did have many rights, but corruption of original intent took it away. What about the women of Utah during the Edmund Tucker act – stole land and wealth from the LDS members, and even stripped women the right to vote. This completely violated the US Constitution.

        The American Indians (the name they prefer) did receive poor treatment. But not from everyone, just the jerks. They were supposed to have the same rights as everyone else – the laws were not enforced. The worst being the Trail of Tears perpetuated by Pres. Andrew Jackson (D) – even the Supreme Court that your lot loves so much ruled against him stealing land in what’s now Oklahoma.

        Next time you Leftists want to state your poorly researched, overtly emotional tripe make sure the facts are actually on your side.

        • NowAlive

          Well said davidmpark. Not to mention, no other civilization in the world at the time granted all of those rights to blacks and women. The constitution was incredibly liberating compared to all other governments of the world at the time. So they didn’t get it completely right based on today’s standards? So what. They did pretty well. As a Cherokee descendant, it was another case of an out of control president exceeding his powers that murdered three of my grandparents on the Trail of Tears. We need to prevent these branches (all of them, congress seeming weakest) from exceeding their enumerated powers.

          • Gay Veteran

            “…no other civilization in the world at the time granted all of those rights to blacks and women…..

            rights to blacks? yeah, if you ignore all the SLAVES

          • davidmpark

            Thank you, NowAlive! Means a lot! :)

        • Gay Veteran

          The Constitution recognized slavery from the very start:
          “Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons.”

          Article I, Section 2, Clause 3

          • davidmpark

            Okay, I know you like your fantasy world; once again you misinterpret and twisted the words of others to fit your prejudices.

            The 3/5th’s clause was not a protection of slavery, it was a means of regulating and limiting the government’s ability to tax and a means of preventing citizens from skewing a electoral vote by bringing in a lot of people who were not allowed to have full rights. It doesn’t mean a person who’s wrongly enslaved is less of a person; it means the state will not have more influence in congress or a presidential election because they are practicing slavery.

            Try reading the Constitution for once.

          • English Kev

            Don’t engage David.
            He will think you fancy him.
            Next thing you know there will be flowers delivered.

          • davidmpark

            Okay, you made me laugh! :)

          • Gay Veteran

            to quote YOU:

            “…The Dred Scott v. Sanford case is when the Supreme Court said the Constitution protects slavery when numerous cases, the wording of the US Constitution, and many State Constitutions outlawed it already….”
            maybe you didn’t actually read what you wrote, which is at the time of Dred Scott the U.S. Constitution OUTLAWED it already. That is a flat out lie. Otherwise why did it take the 13th Amendment to actually outlaw slavery???

          • davidmpark

            Did you ever read the Dred Scott v. Sanford ruling? The Supreme Court decided that Scott was not entitled to Constitutional protections (which other cases and State Constitutions already decided he had – and the 9th and 10th Amendments already said that slavery was a state decision). The ruling also said Scott was not a US Citizen – despite being born and raised here. After the war, Congress and States voted for the 13th and 14th Amendments to effectively make everyone obey the already existing laws.

            The 9th and 10th Amendments placed slavery as a states issue. And with the people fighting for it, the states can ban slavery – which many did. And the Supreme Court threw out that right of the states.

            Which is why the financial panic of 1857 took place as many feared the west would become pro-slave. Lincoln and the original Republicans feared the court would make slavery nationwide, while the pro-slave southerner’s became very vocal about their ‘rights’. The civil war came soon after.

          • Gay Veteran

            you couldn’t make it through the first semester of law school.

            try reading the Constitution, say the 5th Amendment:

            “No person shall…be deprived of life, liberty, or property, without due process of law”

            slaves were PROPERTY.

            And I guess I have to repeat myself yet again:

            to quote YOU:

            “…The Dred Scott v. Sanford case is when the Supreme Court said the Constitution protects slavery when numerous cases, the wording of the US Constitution, and many State Constitutions outlawed it already….”

            maybe you didn’t actually read what you wrote, which is at the time of Dred Scott the U.S. Constitution OUTLAWED it already. That is a flat out lie. Otherwise why did it take the 13th Amendment to actually outlaw slavery???

          • davidmpark

            You don’t know what a Constitution is, do you?

            A Constitution is likened to a cattle corral for a government – not the people; the people put up the fences. The government may not exceed the boundaries of the corral. They are allowed to heightened the fence, or strengthen by replacing wood for metal – crossing the fence; never.

            This is why your beloved Obama and other Leftists constantly challenge the Constitution. When they fail, they reinterpret by messing around with language. Which is what you’re doing here.

            Any right not explicitly given to the federal government in a Constitution remains with the States and it’s people. This is why your Obama calls the Federal Constitution “a charter of negative rights”. The slavery issue like so many issues: abortion, marriage, land management, resources, etc.; belongs within the states.

          • Gay Veteran

            “You don’t know what a Constitution is, do you?….”

            enough to know, unlike you, that the original Constitution did NOT outlaw slavery as YOU claimed.

            “…Any right not explicitly given to the federal government in a Constitution remains with the States and it’s people. This is why your Obama calls the Federal Constitution “a charter of negative rights”. The slavery issue like so many issues: abortion, marriage, land management, resources, etc.; belongs within the states….”

            So you obviously have a problem with the Supreme Court overturning racist laws like they did in Loving v. Virginia.

            “…And slaves were not property – they are human beings. Stating someone is a non-person is exactly what the Democrat slavers claimed back then, too…”

            hey Einstein, they were considered property prior to 1865.

            “…And is quite insightful as to how you view people.”

            there you go again with those Alinsky Tactics

          • davidmpark

            So, you’re sticking to your ideals despite loosing badly.

          • Gay Veteran

            well junior, show me where the pre-1865 Constitution outlawed slavery.

          • Gay Veteran

            “…The 9th and 10th Amendments placed slavery as a states issue. And with the people fighting for it, the states can ban slavery – which many did….”

            that is NOT what you argued. Instead, to quote YOU:

            “…The Dred Scott v. Sanford case is when the Supreme Court said the Constitution protects slavery when numerous cases, the wording of the US Constitution, and many State Constitutions outlawed it already….”

            maybe you didn’t actually read what you wrote, which is at the time of Dred Scott the U.S. Constitution OUTLAWED it already. That is a flat out lie. Otherwise why did it take the 13th Amendment to actually outlaw slavery???

          • Gay Veteran

            cute, you edited your original comment:

            “You are nuts….”

            and you are an idiot ignoring the history of slavery in this country

          • Malcolm Reynolds

            clueless.

          • Gay Veteran

            yes you are

          • Malcolm Reynolds

            Brilliant retort, but nah, I think David did a swell job showing you for the clueless simp you are, so I need not waste any breath on you.

          • davidmpark

            Thanks Mal!

          • Gay Veteran

            you 2 are quite a pair….of brain cells between the 2 of you

          • Gay Veteran

            man, you really need to get a hobby because you s uck at trying to present an intelligent argument

          • Malcolm Reynolds

            No, I gave up trying to make an argument to you. Huge difference.
            Unfortunately, you have an impenetrable amount of stupid protecting you from the facts…

          • davidmpark

            He’s attempting to manipulate for power. Won’t work.

            My concern is that if Leftist’s don’t their way another civil war will start. Except this time the war will be multi-sided.

          • Gay Veteran

            “He’s attempting to manipulate for power….”
            man, there you go again with those Alinsky Tactics

          • davidmpark

            Love how the projection comes out when Leftist are so desperate for a win. It’s over – you lost. Deal with it.

          • Gay Veteran

            projection? damn, there’s those Alinksy Tactics again

          • davidmpark

            Alinsky tactics:
            1. Power is not only what you have but what the enemy thinks you have
            2. Never go outside the experience of your people
            3. Whenever possible go outside of the experience of the enemy
            4. Make the enemy live up to their own book of rules
            5. Ridicule is man’s most potent weapon. You do what you can with what you have and clothe it with moral arguments.
            6. A good tactic is one that your people enjoy
            7. A tactic that drags on too long becomes a drag
            8. Keep the pressure on with different tactics, and actions, and utilize all events of the period for your purpose

            This is what you do, Gay Veteran. Same for 2Gary2 and few other Leftists here. This is why you get little to no votes up. People are tired of these kinds of manipulations. I proved you wrong – answering every twisted question and accusation thrown out. You dismissed it and got belligerent. That means you failed and lost.

          • Gay Veteran

            all I have to do is quote YOUR own words back at you:

            “…The Dred Scott v. Sanford case is when the Supreme Court said the Constitution protects slavery when numerous cases, the wording of the US Constitution, and many State Constitutions outlawed it already….”
            The FACT remains that the pre-1865 Constitution did NOT outlaw slavery.

          • davidmpark

            Oh for goodness sakes.

            Article 1, Section 9 is NOT a legalization of slavery. This is an immigration tax. You misinterpreted “such persons” as being slaves by putting brackets around a word you added. This is about immigration!

            You lost. Deal with it.

          • Gay Veteran

            jesus f-ing Christ, you are stone cold STUPID.

            Article 1, Section 9, limited the power of Congress to ban the importation of SLAVES (property) until 1808, but did give Congress the power to tax that PROPERTY “…not exceeding ten dollars for each Person.”

            and what PROOF do you have for the following:

            “…Article 1, Section 9 is NOT a legalization of slavery. This is an immigration tax. You misinterpreted “such persons” as being slaves by putting brackets around a word you added. This is about immigration!….”

          • Gay Veteran

            you couldn’t make it through day 1 of the first semester of law school.

            “…The Migration or Importation of such Persons as any of the States now existing shall think proper to admit….”

            you “import” property

          • davidmpark

            You’re desperate.

          • Gay Veteran

            you’re pathetic for saying the Constitution OUTLAWED slavery before 1865

          • davidmpark

            So, I went to a family get-together over the weekend and I showed this thread to my wife’s uncle – a very successful local attorney for over 30 years.

            Here’s what he said:

            1. That I have better things to do with my time and know-how (which he said I’m quite brilliant – thanks uncle!) than to spend it commenting to wastrels, trolls, and agitators. That I’m better off spending time on video games than online. He said that if I wanted to get involved, I should do what I did to regain the rights to urban livestock. That’s where a person like me is needed.

            He’s right; so this will be my last post. I do have better things to do than to feed your mental issues.

            2. My views on the Constitution were quite accurate in that the founding documents didn’t enshrine slavery and made it a state’s rights issue; and did seek to limit it at first. The articles you cited were not an endorsement, but were the first steps to banning the practice. He said you are twisting my words and you did cross some lines.

            3. Your jab on me not getting through 1st year law school is total bull; most law students don’t know most of what I typed; he said I’d make an excellent Constitutional Law Attorney and could probably test out to a 3rd year right now.

            So, there you go. Bye – I’m going to be happy. You’re miserable and will probably stay so. Your problems. not mine.

          • Gay Veteran

            “…I do have better things to do than to feed your mental issues…..”

            HYPOCRITE, constantly accusing others of Alinsky Tactics which you yourself engage in.

            “…My views on the Constitution were quite accurate in that the founding documents didn’t enshrine slavery and made it a state’s rights issue; and did seek to limit it at first….”

            LIAR, you said the pre-1865 Constitution OUTLAWED slavery.

            I sincerely hope the typical Morman is more honest than you are.

          • Gay Veteran

            from the right-wing Heritage Foundation:

            “Although the first debate over slavery at the Constitutional Convention concerned representation (see Article I, Section 2, Clause 3), the second debate arose when Southern delegates objected that an unrestricted congressional power to regulate commerce could be used against Southern commercial interests to restrict or outlaw the slave trade. That the resulting provision was an important compromise is underscored by the fact that the clause stands as the first independent restraint on congressional powers, prior even to the restriction on the power to suspend the writ of habeas corpus….”

            From Annenberg Classroom:

            “….Section 9 – The Meaning
            Article I, Section 9 specifically prohibits Congress from legislating in certain areas. In the first clause, the Constitution bars Congress from banning the importation of slaves before 1808…..”

          • davidmpark

            Read the rest of it from Heritage. Your citation is incomplete and dishonest to Heritage’s viewpoints.

          • Gay Veteran

            remember how this started: YOU said the Constitution outlawed slavery, it didn’t before 1865

          • Gay Veteran

            I cannot believe how incredibly stupid you are. I mean rock-hard stupid. Dehydrated-rock-hard stupid. Stupid so stupid that it goes way beyond the stupid we know into a whole different dimension of stupid. You are trans-stupid stupid. Meta-stupid. Stupid collapsed on itself so far that even the neutrons have collapsed. Stupid gotten so dense that no intellect can escape. Singularity stupid. Blazing hot mid-day sun on Mercury stupid. You emit more stupid in one second than our entire galaxy emits in a year. Quasar stupid.

          • Malcolm Reynolds

            LMAO… Good grief, what a cretin. You have n.o.t.h.i.n.g. Thanks for the laugh.

          • davidmpark

            I think we won. :)

          • Malcolm Reynolds

            Without a doubt.

          • Gay Veteran

            cretin? ROFLOL, awwwww, marine troll learned a new word. Ain’t that cute

        • karryokie

          Why are these Jew landlords allowed to make their own tax laws while they stop me from betting on sports?

          • davidmpark

            Difficult to understand the question the way it’s worded. And racism is useless foolishness: human is human.

          • Race denial is moronic

            Would you care to spend some time in a “minority” majority neighbourhood?

          • davidmpark

            You actually made your name “Race denial is moronic” to post here?!

            Wow – that’s dedicated.

            I live in a very diverse neighborhood already; they like my opinions. Preferring to see someone by the content of their character rather than the pigmentation and hereditary traits of their skin. Race is outdated: no pure races exist anymore; no one chooses their physical traits at birth; and human is human.

            Now, you explain to me how my views are moronic?

  • jsmith

    Why, they have even taken interest away from us. Go open up a savings account. For what? To get nothing in interest, and if you can get some, it can’t keep up with inflation. But the banksters get interest. Don’t they!

    • Bill

      How many people realize that 90% of the money anyone borrows from a bank is new money created by the transaction?

      • kfilly

        Very good point. It is also why money gravitates to the top. There is not enough money in circulation to pay all of the debts.

        The fact that our monetary system is the way it is also causes us to fight a lot of wars. We need an ever expanding amount of perpetual debt to keep this crooked system from imploding. Wars create that debt and also eliminate a bunch of useless eaters as the elites refer to us as.

      • davidmpark

        Exactly right! That is normal banking practice these days.

        In the old times, bank notes had to be backed by a vault of gold and silver coins. Some banks tried to game the system, but those always fell apart with an old-fashioned bank run or honest US Treasury inspection.

        Under the Federal Reserve system that backing is based on the human ability to trust. Not real substances with intrinsic value – merely the perceptions of man. Here’s how it works: the Fed Res issues an electronic check to the major banks for $10 million backed by trust. The larger banks then make loans to patrons, both private and smaller banks, for $100 million backed by the $10 million from Fed Res. Those smaller banks then make loans also for 10X the amount of their original loan from the larger banks, as that loan is the backing.

        If the dollar’s value was determined by our energy production and returned to Treasury control; then the value of said dollar would immediately stabilize.

    • Priszilla

      Forget the interest you get for your savings.

      Yes, you will lose 3% of money if you save it.
      But if you don’t save it and take out a loan instead, you will lose much MUCH more.

      Payday loans in UK take up to 4000% interest.

  • GSOB

    Matthew 13:44

    • Priszilla

      Maria 08:15

  • anonymous1

    At one time, interest was not allowed to be charged. Religion changed that. Watch “The Protestant Reformation” on The History Channel.

  • Priszilla

    Don’t tax the rich or they will leave the planet and go elsewhere.

    On the other hand – how much fruits and veggies can 85 people consume?

    How much bus rides can they make at the same time?

    How much bee can they drink in an hour?

    Not more than an ordinary person. Having much money does not guarantee that they will spend it. That money is wasted.
    No need to give them more.

  • Priszilla

    Face it, what you want is communism. A fair system where everybody delivers what he is able to and receives what he needs.
    Without governments, states, borders, armies, banks.

    Humanity will be there aome day. After they realize what they really need and what not.

    • Guest

      And what do you want? Anti-liberty global plutocracy? Do these multibillionaires invite you out for golf in the Caymans? Average working and so-called middle class people need to stand together. I do not hate wealthy people, but something astoundingly foul is aloof.

    • kfilly

      Watch the video Best Kept Secrets of the Dollar by Storm Clouds Gathering on YouTube. What communism does is gives the bankers that own you more control and cements your slavery. When I think of the citizens of USSR and American slaves, I see a few similarities. They were not allowed to own guns which assured they couldn’t fight against their masters. They were both provided minimum accommodations by their masters (just enough food to live, just enough of a shelter to survive, and just enough of an education to function in their slave roles). That also kind of sounds like inner city Amerika. The people were forced to work. If you were too old or sick to contribute, you were eliminated or your healthcare was rationed until you died. Yes, communism sounds great. Where do sign up? Sarcasm off.

      • Priszilla

        Who is to decide whether a contribution is really great?
        How about we pay everyone according to hours worked? And everybody can choose whether she wants to sit in the office all day or out and about in fresh air? Leave the bad factory air to robots.

        • anonymous1

          I agree that artists should not be “starving artists.” Many artists have given society wonderful pieces of art. Yet, many were never paid fairly for their contributions to society. Some other person may yell that what the artist contributed wasn’t enough or wasn’t to everyone’s liking. Then, once the artist is deceased, other people make fortunes of of the artwork of that artist; the same piece of artwork brings a stranger a fortune and leaves the artist in poverty.

          I think that art and artists are evidence of how life is not fair, how the game is rigged worldwide, and how everything created my humans is flawed. The system one lives under doesn’t make much of a difference. There will always be those that work and contribute and there will be those that get wealthy doing no work and stealing the labor of others. It has been this way for a long time now. Humans have not changed, nor learned from History, and they never will. “There is nothing new under the sun.”

          • Priszilla

            And to top it all up, the media owned by the wealthy point the finger at those who got fired and impoverished and shout: THEY do not work! THEY are parasites.

        • kfilly

          Let’s answer this riddle. If communism and socialism are so great on paper and everyone gets equal pay for their commitment, how would I feel as a lieutenant on a career fire department feel knowing the guy who started the same day is making just as much money as me and has has a lot less responsibilities? Also, I didn’t even bring up the fry cook at McDonald’s being my equal, but that is important to look at as well. What caliber of people are going to do hard jobs when when the gravy ones pay pay the same? What incentive would there be for me or others to want better ourselves so that we could move up in rank? This is where communism and socialism fail. They discourage innovation an quash hard work, and it fosters the attitude of why should I do more when my efforts are not rewarded accordingly. Hate to burst your bubble.

          • Priszilla

            You see. When I studied, I lived beyond the iron curtain.

            And I knew that I would make less money after graduation than my sister who was working night shifts in a canteen for construction workers.

            But I wanted to study engineering, not flipping sausages on the grill.

    • anonymous1

      If Communism works in the real world, why are there some in North Korea that live an extremely wealthy lifestyle while there are others starving to death? Same in China and same in the old USSR. No system that humans create will ever work because there will always be the greedy people that feel they deserve more than everyone else. Capitalism works very well unless you get greedy people at the top. Capitalism requires responsibility, kindness, and fairness to one’s fellow human. That has all be lost along the way and the USA no longer has true, fair Capitalism. There used to be businesses that cared about their employees and that is why the USA had a thriving middle class. Now, the Corporate souls have turned evil and what we see today is a result of that evil.

      It has been said that Finland has almost zero poverty. If this is true, how did they achieve it? Perhaps Michael can write an article on that. It has been said that the lack of poverty is one of the reason that Finland is #1 in the world for education. Also, instead of only giving good education to the wealthy, everyone gets a good education.

      • Priszilla

        There is nowhere communism yet.

        Communism is the next step after capitalism and North Korea hasn’t reached capitalism yet. They are still in feudalism.

        Well, Finland took their education system from Eastern Germany.

        And they haven’t been under embargo for 40 years like Eastern Germany.

        • ConcernedAmerican

          The USA took their education system from Prussia. That system is set up to create 3 classes and 3 different education experiences based on the wealth of the student’s family .

          • Priszilla

            Well, Prussia did too many wars and is dead.

    • davidmpark

      Well, someone’s been reading The Coming Insurrection.

      Do tell, how does the ability to choose work into that utopia? Mankind will always have that ability – guns or not.

      Besides that definition of communism you gave isn’t correct: communism is only socialism pursued by revolutionary means and making its revolutionary method a canon of faith. Communists like other socialists, believe in the collective control and ownership of the vital means of production and seek to achieve through state action the coordinated control of the economic forces of society. They (the Communists) differ from other socialists in believing that this control can be secured, and its use in the interests of the workers ensured, only by revolutionary action leading to the dictatorship of the proletariat and the creation of a new proletarian state as the instrument of change. (Elder Marion G. Romney; 1974)

      No governments, borders, armies, banks and such is not going to happen. That’s just dirty anarchy and we are humans – we are civilized. Look what happened to Occupy Wall Street – pure filth and degeneration within the encampments.

      Enforcing the Constitution’s original intent and current law is what’s needed. Replace representatives that will not uphold the law or redress actual grievances. It’s very simple to do with longstanding patience and persistence.

  • chilller

    Why would anyone want to be creative today? Just so their company can repay them with movie tickets, send their innovation overseas to be manufactured while the company reaps huge profits?

  • sre

    Is this situation hopeless? Unless the people get together to oppose the situation, it is!
    And the same people comment on this blog all the time, so readership is always the same, not increasing as it would were people gradually waking up. No, the author is only “preaching to the converted”.

    • XSANDIEGOCA

      It is.

  • Ben

    Did you also see that Chinese investors spent 22 billion dollars in just 12 months on U.S. property? My God, in 50 years we won’t have a country!

    • kfilly

      Doesn’t matter. We don’t own anythjng anyway. Our government went Communist in 1933 when it was outlawed for the average citizen to own gold, people were OK with Social Security (money redistribution), and people lost property ownership. Quit paying your “property taxes” (rent to the government, and see how long you keep your stuff. Same with your vehicles and registering them through the state. That is why the DNR can confiscate vehicles for minor hunting violations, or one gets cited for registering a vehicle late. Get it. You’re already a slave. Slaves can’t own anything.

  • Firstgarden

    plu·toc·ra·cy

    noun: plutocracy
    government by the wealthy.
    a country or society governed by the wealthy.
    plural noun: plutocracies
    an elite or ruling class of people whose power derives from their wealth.

    ol·i·gar·chy
    ˈäliˌgärkē,ˈōli-/
    noun
    a small group of people having control of a country, organization, or institution.
    “the ruling oligarchy of military men around the president”
    a country governed by an oligarchy.
    “the English aristocratic oligarchy of the 19th century”
    government by oligarchy.

  • Nicknakthetruthspeaker

    A poor stay a poor.
    Sorry guys, but when you look at these losers who spend all their money in cigarette alcohol and video games. They could instead save their money , invest it and have a nice life instead . and if you have no money, don’t make babies…. And if you still don’t have any money, don’t borrow, or take a second job, a third job, a 4 th job until you learn than materialism doesn’t make you happy.

    Get a book instead, and drink water only.

    • Tim

      It’s true that many are unable to escape poverty because of their own foolishness. I observe people in public buying things that they don’t need or probably can’t afford. I see people using EBT cards to buy food, yet they have money for tattoos and cigarettes.

      • ConcernedAmerican

        So the solution is for people to learn to live with only the necessities-food, clothes, water, and go to the bathroom and bathe in the woods? Why should working class people be expected to live in slums with zero luxuries while the wealthy, that have gotten wealthy on the backs of the poor, live in the lap of luxury with every luxury?

        Tattoos are art. Art is a necessity for some humans. Music is a necessity for some humans. Strip away all of the “luxuries” and many people would have no reason to wake up in the mornings. Just because someone is working class does not mean they merely want to survive, they want to thrive as well.

    • Tom_F

      *** don’t make babies***
      That is the answer, poverty just keeps breeding without thought to the future. Great comment.

  • anonymous1

    “For example, it was been widely reported that there are more people in slavery today than ever before in human history.”

    If one examines the current cost of living against what many jobs pay, one might find that there are even more people that are dangerously close to not being paid for their labor or time.

    • XSANDIEGOCA

      The term is “wage slave”.

  • XSANDIEGOCA

    Both parties are owned by the 85 and you better believe it.

  • anonymous1

    “So how do you think all of this will play out?  Please feel free to share your thoughts by posting a comment below…”

    James 5 is how I think it will play out. God never lies.

  • anonymous1

    What if all of the workers quit showing up for work?

    Just as it is in a bee hive, how long do you imagine the queen would live if the workers quit working?

    • Guest

      That would create a situation much worse than we have now.

    • Undecider

      That won’t happen. People are kept starving so they’ll show up.

    • toadsticker

      What if everybody that had a mortgage through Fannie Mae and Freddie Mac quit making their mortgage payments? Would that hurt the federal government? Also, what if everybody cancelled their local cable tv? Would that hurt local government?

    • Sandbagger

      Ray Kurzweil can’t wait for the “singularity” so the elite can ditch their need for weak human workers.

  • jox

    The current system is completely biased and rigged, with rules designed by the rich and for the rich. What we need is a fair economic system that redistribute wealth and opportunities. I don’t think this is socialism, because is completely compatible with private property and free markets. Some countries have found the balance between capitalism but with some idea from socialism and christianism. They are in the north of europe, have the better standard of life and happiness of the world, and they are a model to follow in my opinion.

    • Mudpie

      I do not believe in socialism but will agree the rich have rigged the game. Cheating and lying, lobbying for favorable laws that handicap competition. Amazing.

  • jakartaman

    This is why there is going to be a do over.
    The secret is to live through the transition.
    Best bone up on your boy scout skills!!!

  • http://www.mindbodygreen.com Kim

    Like everything else, the economy is out of balance.

  • frank1569

    Don’t confuse political socialism with economic socialism.

    Economic socialism means government puts a tight leash on the tiny percentage of the population that is so psychotically greedy, they do not care – nor do they have the capacity to care – about the consequences of their uncontrollable wealth addiction.

    Nobody complains about ‘big government’ when it stops a drunk driver from killing your family. Same with the psychotically greedy – they can’t control themselves, so it’s up to us. This doesn’t mean North Korea-style mass control and repression – it simply means caging those who are causing direct harm to others.

    Also: ‘What we need is a system that empowers individuals and families to work hard, be creative, build businesses…’

    The vast majority of Americans ALREADY WORK HARD. Compared to the world – most hours, least vacation, etc. The ‘system’ in place is, theoretically, a meritocracy – work hard, be rewarded. But we all know that is rarely the case anymore – even the (now ex) CEO of Walmart said that working for his company is a dead end, no matter how hard one works. Meanwhile, the fact is, only about 7% of Americans have the means, opportunity and balls to start their own businesses, over half of which survive three years tops. And, look around, we’re totally glutted with ‘small businesses – how many more dry cleaners and nail salons and restaurants do we need?

    The only solution is an evolved form of economic socialism that doesn’t pit us against each other in a fight for limited resources but rather ensures ALL Americans can live a comfortable life and removes the psychotically greedy from the equation. There’s plenty to go around, and there’s way, way more to life than your net worth.

    • davidmpark

      Both stink.

  • Sandbagger

    “…and the compound interest on all of that debt enables the global elite to constantly increase their giant piles of money.”

    In the Bible it speaks of a Jubilee Year every 50th year in which all debt was wiped clean.

    Perhaps if compound interest were made criminal and a Jubilee Year were instituted, things would change for the better.

    • anonymous1

      Interest on loans used to be illegal as it was considered taking advantage of others. Then, religion made charging interest legal. Watch the t.v. program “The Protestant Reformation” on The History Channel.

  • Frank Bell

    “It will be the poor that will suffer the worst.”

    Well, they HAVE TO RISE against their oppressors.

    That’s the only viable way.

    • Tom_F

      Who, EXACTLY, is oppressing the poor? What, EXACTLY, does “rise up” mean? Once the poor “rise up”, then what? They are still poor, still ignorant, still having babies they can’t pay for or raise.

      • Joe Kleinkamp

        One of the country’s biggest problems is that no one ever seems to ask “then what.” ISIS with abandoned U.S. weapons, $17 trillion debt after stimulus, Loss of 50,000+ manufacturing facilities following trade agreements, community organizer turned celebrity playboy in the White House. Then what indeed.

  • Ed

    The so called “wealth” that you talk about is mostly (95%) in the form of numbers on some sort of ledger, like money in a bank account, number of shares or bonds held etc. If this “wealth” was ever shared round to all the poor, there wouldn’t be enough physical resources on Earth for those people to spend the money on (at current prices).
    Basically what we term “money” is a human construct. It only becomes real when it gets exchanged for real resources. The key phrase is “at current prices” because if all this paper “wealth” was to be exchanged for real resources, you would see the true mark-to-market cost of the resources ie they would cost considerably more and be unaffordable in many cases.

  • Bill

    Michael, great article that I hope you will leave at the top for awhile longer as you are getting some great comments.

  • mijj

    the title doesn’t actually get to the essential chilling significance of the problem. Money is a means of influence. That *is* what it is.

    Ie. 85 Super Wealthy People Have More *Influence* Than The Poorest 3.5 Billion Combined

    85 individuals get to shape how the world works (and decide who it should benefit). The rest of us are just brainwashed slaves.

    • anonymous1

      They “get to shape how the world works….”

      They own the world. That is why everything is such a mess.

  • 2Gary2

    The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer

    by

    Dean Baker

    3.7 of 5 stars
    3.70
    ·
    rating details ·

    119 ratings
    ·

    21
    reviews

    In his new book,
    economist Dean Baker debunks the myth that conservatives favor the
    market over government intervention. In fact, conservatives rely on a
    range of “nanny state” policies that ensure the rich get richer while
    leaving most Americans worse off. It’s time for the rules to change.
    Sound economic policy should harness the market in ways that produce
    desirable social outcomes – decent wages, good jobs and affordable
    health care. Dean Baker is co-director of the Center for Economic and
    Policy Research.(less)

    • kfilly

      Goldman Sachs Obama and the Democrats would never do anything like that as they represent the little people. Sorry, I almost fell off of my chair as a I am laughing so hard.

    • davidmpark

      Good job citing the source.

    • libsareajokeandeffeminate

      you are a funny hypocritical dope

      • 2Gary2

        Ok there Hoss-I guess you really showed me up.

        • libsareajokeandeffeminate

          ^testiclelicker, useless cumgobblingeffeminatepieceof garbage, yes, I sure did urinate on your face and you enjoy it

          • 2Gary2

            you are representative of the typical conservative low information voter. You make my points perfectly.

        • libsareajokeandeffeminate

          why do liberal men dream of sucking the communistcock?

        • libsareajokeandeffeminate

          why do you dream of sticking your tongue in the obamaANUS?

    • libsareajokeandeffeminate

      you are a communist cumgobbler

  • 2Gary2

    Like I said tax the rich HARD and spread the wealth. Its that or the pitchforks will come out.

  • karryokie

    If they legalize sports betting,I will transfer some of those millions from the casino owners to me.

  • GaryReber

    Both the cause and the solution is our technological advances.

    Why are technological advances the cause? Because tectonic shifts in the technologies of production are displacing the need for human labor and at the same time devaluing the worth of labor. Yet labor is the ONLY means to an earned income that the vast majority of people have.

    The role of physical productive capital is to do ever more of the work, which produces income. Full employment is not an objective of businesses. Companies strive to keep labor input and other costs at a minimum in order to maximize profits for the owners. They strive to minimize marginal cost, the cost of producing an additional unit of a good, product or service once a business has its fixed costs in place. Reducing marginal costs enables businesses to increase profits, offer goods, products and services at a lower price, or both. Increasingly, new technologies are enabling companies to achieve near-zero cost growth without having to hire people. Thus, private sector job creation in numbers that match the pool of people willing and able to work is constantly being eroded by physical productive capital’s ever increasing role.

    Over the past century there has been an ever-accelerating shift to productive capital––which reflects tectonic shifts in the technologies of production. The mixture of labor worker input and capital worker input has been rapidly changing at an exponential rate of increase for over 235 years in step with the Industrial Revolution (starting in 1776) and had even been changing long before that with man’s discovery of the first tools, but at a much slower rate. Up until the close of the nineteenth century, the United States remained a working democracy, with the production of products and services dependent on labor worker input. When the American Industrial Revolution began and subsequent technological advance amplified the productive power of non-human capital, plutocratic finance channeled its ownership into fewer and fewer hands, as we continue to witness today with government by the wealthy evidenced at all levels. People invented tools to reduce toil, enable otherwise impossible production, create new highly automated industries, and significantly change the way in which products and services are produced from labor intensive to capital intensive––the core function of technological invention.

    Most changes in the productive capacity of the world since the beginning of the Industrial Revolution can be attributed to technological improvements in our capital assets, and a relatively diminishing proportion to human labor. Capital does not “enhance” labor productivity (labor’s ability to produce economic goods). In fact, the opposite is true. It makes many forms of labor unnecessary.

    Why are technological advances the solution? Because productive capital is increasingly the source of the world’s economic growth. Therefore, productive capital should become the source of added property ownership incomes for all. Simply put, if both labor and capital are independent factors of production, and if capital’s proportionate contributions are increasing relative to that of labor, then equality of opportunity and economic justice demands that the right to property (and access to the means of acquiring and possessing property) must in justice be extended to all.

    The system of big government and socialistic programs funded by tax extraction and non-asset-based national debt are not the answer to anything. The socialistic system almost always results in increased oppression, increased poverty or sameness as EVERY citizen becomes dependent on the State.

    As Michael Snyder states, “What we need is a system that empowers individuals and families to work hard, be creative, build businesses and to take care of themselves.” Yes, but he leaves out the MOST IMPORTANT need, which is to extend equal opportunity to EVERY child, woman, and man to share individually in the FUTURE wealth-creating, income-producing capital assets of corprations whereby financing new capital formation and transfers of existing assets is accomplished from the bottom-up and without redistributing property rights of the rich and super-rich with regard to their existing assets

    Snyder states, “But instead, we have a system where all power and all wealth are increasingly controlled by giant banks and giant corporations that are in turn controlled by the global elite. The ‘financialization’ of the global economy has turned almost everyone on the planet into ‘deft serfs,’ and the compound interest on all of that debt enables the global elite to constantly increase their giant piles of money.”

    Not only has EVERY person become a debt slave, but also a wage slave, and increasingly a welfare and charity slave. Over the past four decades the total amount of consumer debt in America has gone from about 2.2 trillion dollars to nearly 60 trillion dollars. As Snyder notes, “many of us work as ‘debt serfs’ our entire lives, and we never even know the names or the faces of those that we are making rich as we slowly pay off our debts.”

    Most thinking people should realize that never-ending consumer is not a wise situation to put one into. Such consumer debt requires a source of income that is promised to be paid to the owners of the note, credit card, or mortgage.

    But there is a good form of debt, which is constantly used by the rich and the super-rich to make themselves richer. It is capital credit, a loan specifically tailored to finance FUTURE investment, repayable out of FUTURE earnings, without the need for “past savings” or the reduction in one’s personal consumption needs and wants. In the business world, physical capital is expected to go on producing income indefinitely with proper maintenance and with restoration in the technical sense through research and development. This is how technological advances occur and develop over time.

    What is needed is to reform the system to simultaneously create new wealth-creating, income-producing capital asset formation and broaden its ownership so that increasingly over time more and more citizens will derive financial benefit and second incomes from their expanding diversified wealth-creating, income-producing capital asset portfolios. In this way, we can balance production with consumption––the purpose of production.

    This can be achieved with insured, no-interest capital credit loans provided by local banks to EVERY child, woman and man, repayable out of FUTURE earnings generated from new capital asset projects, without the need to pledge “past savings” or equities, or reduce one’s consumption level.

    The necessary insurance can either be facilitated with private capital credit insurance or a government reinsurance agency (ala the Federal Housing Administration concept).

    While other forms of non-asset-based debt is inflationary, commercial capital credit relies on non-inflationary capital asset creation, unlike government expenditures which rely on tax extraction or non-asset-backed debt to redistribute or inject inflationary money into the system.

    The socialism practiced today relies on tax extraction and non-asset-based national debt to firstly redistribute monies collected into social welfare programs and second to finance public infrastructure and the military, etc. To the extent that modern “capitalistic” economies redistribute they are practicing socialism.

    For those who are interested in the specifics of the solution see the Just Third Way and the Capital Homestead Act––the purpose of which is to eliminate privilege and provide EQUAL OPPORTUNITY for EVERY child, woman and man to build independent, sustainable financial security and incomes through acquiring ownership in FUTURE wealth-creating, income-producing capital assets financed without the necessity of pledging “past savings” or a reduction in consumption.

    The solution eliminates the barriers to ordinary people forming capital themselves in association with others without the necessity for “past savings” or the pledging of equities which only the wealthy ownership class has.

    The JUST Third Way is a radical overhaul of the economic system (i.e., the Federal tax system, Federal Reserve policy, inheritance law, welfare and entitlement system, etc.) that will achieve genuine economic democracy, based on the Platform of the Unite America Party and its links and the proposed Capital Homestead Act. Our Platform is a call for a vision of political economy that can unite the left and the right, based on binary economist Louis Kelso’s ownership-based paradigm. Now is the time to cure America’s political cancer (Crony Capitalism) and restore America to again becoming a model for global citizens in all countries.

    For a new vision see http://www.foreconomicjustice.org/?p=12331 andwww.facebook.com/uniteamericaparty. Support the Unite America Party Platform, published by The Huffington Post at http://www.huffingtonpost.com/gary-reber/platform-of-the-unite-ame_b_5474077.html as well as Nation Of Change at http://www.nationofchange.org/platform-unite-america-party-1402409962 and OpEd News at http://www.opednews.com/articles/Platform-of-the-Unite-Amer-by-Gary-Reber-Party-Leadership_Party-Platforms-DNC_Party-Platforms-GOP-RNC_Party-Politics-Democratic-140630-60.html.

    Support the Capital Homestead Act at http://www.cesj.org/learn/capital-homesteading/capital-homestead-act-a-plan-for-getting-ownership-income-and-power-to-every-citizen/ and http://www.cesj.org/learn/capital-homesteading/capital-homestead-act-summary/.

    • Bill

      Wow. Thanks. A solution and a lot to think about.

  • Bill

    My Flag still represents core values from the original Constitution not the one decimated by the imposter’s executive orders.

    • kfilly

      We should change the “pledge allegiance to the flag” to “pledge allegiance to the Constitution”. Our country has been fascist since the Act of 1871. Perhaps, that is why they created a socialist pledge. I fixed it so there is no blind allegiance to the government.

  • Malcolm Reynolds

    LOL! Ohhh man. You attracted some real loons in the comment section with this one Michael. From economic illiteracy to political fantasy to conspiracy to outright stupidity.

    • libsareajokeandeffeminate

      thank god you are here to set us straight

      • Malcolm Reynolds

        Judging solely by your name, I’d estimate you’ll agree. Go read thru the comments and get back to me.

  • Cornelius

    Although I agree with Michael that socialism isn’t the answer, it is unimaginable that the corrupt and criminal financial elite among us be allowed to keep their ill-gotten gains and use it as a base of power for countless generations to come. This isn’t an argument for redistribution, mind you, I personally don’t care if all their blood money is set on fire as long as they are made to work for their daily bread.

  • grumpyhillbilly

    Apparently fascism light (now evolving to full) pays well for the 85 super wealthy. Those in debt are indeed slaves. However the rest of us are quickly becoming serfs. You know what infuriates me more than becoming a serf? The 85′s appetite for wealth is insatiable, and its likely leading us into the abyss of hopelessness.

  • art simpson

    The new world order creates chaos, then imposes war and authoritarianism, takes over the world and God kllls them all and sends them to Hell.

  • Alan Sabath

    so who are these 85 people??

    • libsareajokeandeffeminate

      fred, wilma, ethel, laurel, hardy, lbj, ibm, squashpants

      • Alan Sabath

        tanks!!

  • 2Gary2

    Reaganomics is working, it is doing exactly what we expected it to do.
    Thanks to Reaganomics 1% of Americans are enjoying the wealth created by
    Reaganomics; while 99% of American are getting poorer, sicker and
    deeper in debt.

    • davidmpark

      Reaganomics is not Keynesian Economics. Big difference.

    • libsareajokeandeffeminate

      obamanomics is a communist joke, bwaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

      you are beneath clueless
      bwaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

      you are the ugly american
      bwaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

      you are a typical democrat racist

  • 2Gary2

    We’re rapidly approaching “torches and pitchforks” level of rage in this
    country. That’s why you see police forces using funding allocated for
    combating terrorism to militarize. The police will be a de facto militia
    to protect the ultra rich from the rest of us.

    • libsareajokeandeffeminate

      and you support it you communist douchebag

  • davidmpark

    I cannot believe that I’m about to type this… but we actually need a government. We need a standard of laws, without which theft, assault, and murder would go without satisfactory justice – only thug justice would exist.

    • Priszilla

      I agree to the standard of living as a society. And right now we need a parliament to make these laws. But many laws do not change that often. In future we might nit need a standing government. Just a few pwople who decide that the street needs fixing, and fix it.

    • Priszilla

      Do you need a government to stop you from robbing your elderly neighbour or raping that boy?

  • finnraft

    In a debt-based money system, the majority of the people MUST be debt-slaves. This is because interest-bearing debt functions as a hidden wealth redistribution mechanism, transferring wealth from those who have less to those who have more. “This is one of the least understood reasons why the rich get richer and the poor get poorer” – Prof Dr Margrit Kennedy. The really bad news is that this wealth transfer is exponential, so that inequality MUST increase. This ponzi scheme WILL collapse, but as the writer says, the poor will suffer the most.

  • PaulVVV

    In fact, big government and socialism ARE the answer. If you don’t believe me, visit the Nordic countries in Europe. Take Denmark: Danes enjoy a high standard of living and the country ranks highly in numerous comparisons of national performance, including education, health care, protection of civil liberties, governmente transparency, democratic governance, prosperity and human development. Denmark is frequently ranked as the happiest country in the world in cross-national studies of hapiness. The country ranks as having the world’s highest social mobility, a high level of income equality, has one of the world’s highest per capita income, and has one of the world’s highest personal income tax rates.

  • Dave

    What we need is a system that empowers individuals and families to work hard, be creative, build businesses and to take care of themselves.
    That is what we used to have. What changed? Reagan’s tax cuts.
    Top rate needs to be 50% minimum. Not to fill govt coffers, but Mine.
    See, when the rate was 79% the company paid better wages to LOWER their tax liability. I then take those wages and buy things AND pay more in taxes. See how it worked?
    The middle class assisted the building of this great county, but we need the well off too.
    We are falling apart, the infrastructure is in terrible shape.
    Raise the top rate!!!

    • Jos Boersema

      What also changed, was that you used to have the philosophy that farmers owned their land free. The homestead act also played a role in this. Who owns their soil nowadays ? You forgot your roots because you allowed people to sell their land. You should have made certain everyone always owned their own land as an inalienable birthright. That prevents the markets from centralizing the control. It is a grave economic error to think that land ownership should be put in a market. The price can be great …

  • Patrick Henry

    The masses confiscate the wealth from the 85 and spread it among the planet… (in a perfect world)

  • N_Disnye

    We only want their names and addresses.

    Nothing else.

  • bob

    The 85super wealthy are tv preachers that are in cahoots with the elitist greedy power hungry government institution.they get wealthy off of the poor promising there needs would be met if sow into there fertal ground,but wo’nt bless anyone struggling with finances or buy a car for something that needs transportation for work

  • DreamOn

    WHO, exactly, are these 85 super-wealthy people? Where do they live? Every one of us needs to know who every single one of them is. And they need to know we know.

  • Gavin Smith

    Oh please. Make sure you leave race out it, Euro.

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