The Beginning Of The End
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Is Financial Instability The New Normal?

The financial world is officially going crazy.  Can you believe what is going on out there right now?  Financial markets have been jumping up and down like crazy for months and this is creating a lot of fear.  Other than during the financial crisis of 2008, in the post-World War II era have we ever experienced as much financial instability as we are seeing right now?  Should we just accept that massive financial instability is going to be part of “the new normal” in the financial world?  The wild swings that we are witnessing in the global financial marketplace are making a whole lot of people very nervous right at the moment.  When markets go up, they tend to do it slowly and steadily.  When markets go down, a lot of times it can happen very rapidly.  Also, as I have mentioned before, more major stock market crashes happen during the fall than during any other time of the year.  The last major financial crisis happened during the fall of 2008, and things are starting to look a little bit more like 2008 with each passing day.  The last thing the global economy needs right now is another major financial meltdown, but that may be exactly what we are about to get.

The Dow got absolutely hammered once again on Thursday.  It was down almost 400 points, and it has lost a total of 674.83 points over the last two days combined.

In case you are wondering, yes, that is a very big deal.

It represents the largest two day decline that we have seen since November 2008, and at this point the Dow is on pace to have its worst week since September 2008.

Over the past two days, more than 900 billion dollars of “paper wealth” has disappeared.

Hopefully you did not share in that pain.

A couple of days ago, I discussed 21 signs that the financial world was on the verge of a nervous breakdown.  But I had no idea that things would get so ugly so soon.

So what comes next?

One of the keys is to watch what the “insiders” are doing.  Often they will say one thing and do another.

At the moment, corporate “insiders” are selling 7 dollars of stock for every 1 dollar of stock that they are buying.

Over the past couple of weeks, “insider” investing behavior has changed dramatically.  The following is from an article that was recently posted on MarketWatch….

The insiders have vanished.

Chief executives. Board members.

The head honchos. The people who know.

Just a few weeks ago, they were out in force, buying up shares in their own companies with both hands.

No longer. They’ve disappeared. Almost overnight.

“They’ve stopped buying,” says Charles Biderman, the chief executive of stock market research firm TrimTabs, which tracks the data.

For some reason, this almost always starts happening before a crash.  So obviously this is not a good sign.

A lot of normal investors have been pulling large amounts of money out of stocks as well.  The following is from a report in the Financial Post….

Investors have pulled more money from U.S. equity funds since the end of April than in the five months after the collapse of Lehman Brothers Holdings Inc., adding to the $2.1 trillion rout in American stocks.

About $75 billion was withdrawn from funds that focus on shares during the past four months, according to data compiled by Bloomberg from the Investment Company Institute, a Washington-based trade group, and EPFR Global, a research firm in Cambridge, Massachusetts. Outflows totaled $72.8 billion from October 2008 through February 2009, following Lehman’s bankruptcy, the data show.

Are you starting to get the picture?

Not only that, but a third very troubling sign is that an extraordinary number of bets has been placed against the S&P 500.  As I noted the other day, if there is a stock market crash in the next few weeks, somebody is going to make a ton of money….

We are seeing an amazing number of bets against the S&P 500 right now.  According to CNN, the number of bets against the S&P 500 rose to the highest level in a year last month.  But that was nothing compared to what we are seeing for October.  The number of bets against the S&P 500 for the month of October is absolutely astounding.  Somebody is going to make a monstrous amount of money if there is a stock market crash next month.

It doesn’t take a genius to see all the dark financial clouds that are gathering on the horizon.

And all of the bad news that is constantly coming out of Europe is certainly not helping things.  For example, yesterday S&P slashed the credit ratings of seven different Italian banks.

Credit downgrades have become so frequent that we hardly even notice them anymore.

Pessimism is everywhere right now.  Suddenly it seems like almost everyone is predicting that another “recession” is coming….

*According to a recent Harvard Business Review survey, 70 percent of global business leaders believe that a global recession is “somewhat likely” or “very likely” in the coming months.

*Economist Nouriel Roubini says that we are “already in recession“.

*When asked by CNBC what he thought about the possibility of another recession, George Soros said the following the other day….

“I think we are in it already.”

As fear spreads, it is only going to make global financial instability even worse.  If something doesn’t change, we could soon have a full-blown panic on our hands.

So why should the rest of us care if global financial markets crash and a bunch of bankers lose a whole lot of money?

Well, unfortunately our entire economic system is based on credit.  When the last financial crash happened in 2008, the credit markets got really tight.  Economic activity started to freeze up.  We entered a deep recession and unemployment skyrocketed.

As much as many of you may want to see the house of cards fall down, the reality is that when it does it is going to deeply hurt millions upon millions of innocent people too.

During the last recession (which never really ended), millions of Americans that lost their jobs also lost their homes.

Back in 2006, the home vacancy rate in America was 11.6%.

In 2009, the home vacancy rate was 12.6%.

In 2010, the home vacancy rate was 13.1%.

Just like the number of Americans on food stamps, this is a figure that just keeps going up and up and up.

Could we eventually live in a country where one out of every five homes is standing empty?

The truth is that the U.S. economy is in the middle of a long-term decline.  The economy declined badly while George W. Bush was in office, and the decline has accelerated since Barack Obama entered the White House.

As I wrote about yesterday, the American people are feeling really depressed about the economy and 80 percent of them believe that we are in a recession right now.

So what kind of a mood are they going to be in if there is another major financial crisis and unemployment jumps up by several more percentage points?

We live in unprecedented times.  The financial world has become incredibly unstable, and none of us is really quite sure what “the new normal” is going to look like after all of this is over.

But one thing is for sure – things never stay the same for long.

The way that things have been in the past is not how things are going to be in the future.

A “perfect storm” is coming.

Everything that can be shaken will be shaken.

You better get ready.

  • JD

    Wow, Michael everytime youve called it. I think after today how can even the most stubborn person that still thinks Americas economy is still all good have a doubt that were really in for it. An old song from the 60’s goes through my head when I hear the ostriches say that theres nothing to worry about.

    Tell me over and over and over again my friend, that you dont believe we’re on the Eve of Destruction.

    Its time the end has come at last. The new normal is no jobs, homelessness, tent cities, souplines, seedy hotels, car sleeping, thug police state, welfare mamas, broke daddies, dumpster divers, prostitution, gambling, broken familes, dreams, and finally starvation and death. But there is also hope. Everyday I read this site. There are people out there with the good news that Jesus Christ our lord and savior has a plan for us. When I stopped fighting God, and embraced his gifts that he had for me, I put down the bottle and the weed pipe cause those things couldnt make me happy anymore. When I was freezing in my car in March, I felt this incredible peace come over me and a small, still voice came over me and said “You dont have to be afraid anymore come to me and let me in.” Since then I havent been afraid anymore. The beauty is the End my friends. Make your peace with God and look forward to joining him. For me the sooner the better. :)

    • Michael

      Nice comment JD

      Michael

    • Scott

      + 1. You found the answer, JD, and I’m happy for you. =D

      Yes we should save more $ and pay off our debts, yes we need extra food, water, medicine, and a means to defend our homes and families. All of those things are very good to have.

      But none of them will amount to much if you don’t know the Lord Jesus Christ as your own personal Lord and Savior. God wants us all saved and some of us are – I thank God for my salvation – but far too many are still lost. It’s important that we pray for the lost and try to lead a life after Jesus’ example, to be a witness to them, sharing the Gospel whenever and wherever we can in the time that remains. Jesus is the world’s only hope, and He is the only answer to all of life’s problems.

      May God bless you in your walk with Him, JD. And God bless you, too, Michael. Take care, my brothers…

    • http://gotowork mark

      you even got a computer now !your doing good!
      all jokes aside im happy for you and thats a great letter.

    • LvM

      I think you hit the weed pipe a little TOO hard, my friend.

  • McKinley Morganfield

    One day we’re told bank XYZ is fine; plenty of valuable assets, plenty of capital, and a great balance sheet. Three weeks later we’re informed it is under capitalized and needs assistance. Four months later we find out many of its assets are underwater and it needs further assistance but don’t worry Uncle Ben or ECB or IMF will provide ‘liquidity’ and everything will be rosy. However, many moons before we were told on day one that it was AAA it was already over leveraged 30+ to 1 and many of its assets were junk from the get go.

    The whole system has to crash and the rot carted off to the landfill before we can build a more sane, honest, and functional system.

    “A “perfect storm” is coming.

    Everything that can be shaken will be shaken.

    You better get ready.”

    In spades!

  • Dave

    Your right…Things will happen faster now. The collapse is quickly approaching. The entire financial world is falling apart in different ways. Its too late to fix it now. This country doesn’t have the political will power. Everything and everyone is corrupt.

    Sickening!

  • Gary Cole

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  • Gary2

    A trader is called rogue if they loose and called a managing director if they win. This the goof who lost 2b the other day it is obvious nothing has changed.

  • Mad Max

    Our financial system like all our other systems and institutions are going crazy because they are dying. Our old world is over people. You’re just not smart enough to know it.

    “Death by Technology”

  • DeathSpiral

    Massive Market Instability:

    Are we now beginning to witness the tip of hyperinflation sparked by rapid rise in food and related commodity prices. Are these rapid rises simply large waves slamming the coast before the real hurricane roars onto shore.

  • Lennie Pike

    It’s transfer of wealth time – just like harvesting crops or shearing sheep.

    Europe is blowing up. China and the U.S. are the next scheduled.

    This is not the fist time “they” have used this strategy, it’s the end result of the boom and bust game they’ve always played. All other times the balloon was re-inflated to do it all over again – give credit, and then take it away.

    This time is different – it’s on such a massive scale thanks to gambling with derivatives that the explosions will destroy any possibility of trying it again with the same currencies. All planned out in advance by a pack of wolves.

    It’s kinda like the casino game that Chevy Chase never seemed to have any luck at in his Las Vegas family vacation movie: “Guess How Many Fingers I’m Holding Behind My Back.”

    There’s one. Guess which.

  • http://www.youtube.com/user/zedgehero Zedge Hero

    The people are protesting around the world. They are waking up to the fact that this instability is directly due to the United Banking Cartel and their debt enslavement.

    The protest just began in New York this week on Wall Street.

    http://www.youtube.com/user/zedgehero?feature=mhee

  • http://YAHOO RICHARD

    FOR SOME REASON I CAN’T SHARE THIS LINK ON MY FACE BOOK AND CAN’T E-MAIL IT. WHAT’S UP

  • http://YAHOO RICHARD

    GOT IT ON FACE BOOK STILL CAN’T GET IN ON E-MAIL

  • http://www.youtube.com/safearmsreview SafearmsReview

    Wow. It seems that lots of stuff is happening. The govt’s twist program, the selling off of stocks, the drop of gold ($1,739) & silver ($36) is telling. I might purchase more silver & look at getting more food from local canneries. Europe is in a bad spot & what happens there will combine with the problems in the u.s. and it could cause a depression. Time to prep is yesterday.

  • http://www.prepareforeconomiccollapse.org/free-report James

    The fed will let the markets come down until everybody screams for more QE. Yesterday the fed did not announce more QE but we all know more QE will come in a massive way.

    We are beyond the point of no return. Either we collapse, take the hit and build ourselves back up or we take the easy route and do more QE which will only prolong the problem and make the end result much worse than it has to be.

    Which route do you think the politicians will take?

    Today they even managed to hammer gold and silver which makes for a great buying opportunity.

    Cheers

    James

    Free report shows how to prepare for the coming economic collapse.

    http://www.prepareforeconomiccollapse.org/free-report

  • http://www.ampers.me.uk/ Andrew Ampers Taylor

    American and British people are stupid.

    I am not a Republican/Conservative but I am Libertarian and left wing leaders always ******** up the economy. I don’t usually swear but that really is the best word to use in this case.

    Both your Americam politicians and our British politicians hate and fear true Libertarianism and anything that suggests of smaller government (read:less control of the people).

    In America, you lost your chance by not taking more notice of Dr Ron Paul at your last elections.

    In Britain our Conservative leader, Cameron seems to be more left than right of centre the Labour parties leader Milliband who I suspect is more to the right of Cameron.

    It’s a funny old world. The politicians are winning and cheating, and we have having ourselves stamped on hard whilst we lie in the gutter!

  • dmitry

    feels like that i need to run and don’t look back.

    thank you much for this update.

  • Ben Dover

    If so many homes are empty, where have the residents gone?

    If I get behind on my mortgage, I will leave when somebody MAKES me leave. I won’t make it easy for the banksters.

    The house next door (built around 2002)has been empty for about 18 months.The residents probably could have stayed there the whole time. I have seen no evidence that anyone has even been to the site in that time.

  • Paul

    There are always two people to a bet.

    And for corruption you need three.

  • DM

    The rest of the biblical verse regarding “everything will be shaken” is that only those things which are in Jesus Christ will survive the shaking.

  • http://www.1913intel.com Matt

    Financial instability was always the norm. It’s just that society can’t handle a little instability like recessions every now then. Society wants a lid on recessions. The trouble is that putting a lid on recessions is like putting a lid on a boiling pot of water. At some point it is going to explode.

    Why? Because societies are inherently unstable.

    The suppression of economic volatility is the root of our problems. At this point the damage has been done. There is no stopping this.

  • http://goldenladyfun.blogspot.com Pat

    What if someone could sneak into your home at night while you were sleeping and take your money out of your purse or wallet without you even knowing it? What if when you went to buy a loaf of bread you found out that you had no money with which to pay for it? What if you worked a 12 hour shift and your employer failed to count those hours on your time card?

    Well that was and is what is happening to you now and most of you are completely unaware of it. Someone has quietly been stealing your money and you did not even know about it. They tricked you by inflating your currency in order to cover up the theft.

    It didn’t matter whether you use a credit card, a debit card, a carbon credit or cash. Anything that is not real money can be artificially inflated and used to hide a theft. The same is true of stocks, bonds, food stamps or any other form of paper or paper substitute. In fact, money can not be issued through man-made paper or plastic. Just like food can not be made in a factory.

    In the whole history of mankind only two things have met the definition of money. (And no it is not the play money that hip hop artist throw around like confetti in a music video). Only gold or silver qualify as money. Anything else is artificial and can be manipulated by man. What TV and movies call money are actually notes, receipts and I.O.U.’s. We politely call those things currency.

    The point is you better wake up before the thieves steal it all. So far they have managed to take 90% of what you have. Go to this secret blog and educate yourself a little more about money and how to protect yourself financially before they take it all.

    We sell affordable cheap gold by the gram. We sell at the spot price because there are no middlemen who have to get their share. (We own the mine and the refinery). For as little as 57 Euros you can own a 999.99% pure gold bar. The best part is that we will either ship it to you or store it in our vault in Switzerland for free.

    Secret Blog: http://goldenladyfun.blogspot.com .

  • karen

    The insiders have know the markets are going to crash and there placing bets on when this will happen it’s going to crash just like in the Great Depression, history always repeats it’s self, always.

  • http://georgesblogforum.wordpress.com/ George Forfa

    There will be a lot more jumping down. This step down in the currency collapse is going to be a doozy. Earlier in the year I said that a cascade failure in the insurance industry would be the trigger. The action taken by Lloyd’s of London may be the first warning sign.

    http://georgesblogforum.wordpress.com/2011/09/13/federal-reserve-too-big-to-fail-update-09132011/

  • REED RICHARDS

    In as much as you would like for the bigs to not get what’s coming to them for fear of hurting “innocent” people, the fact of the matter is simply this: This house of cards must come down, sooner or later. It might as well be now for one very important reason and that is the sooner it crashes the faster we can set about the business of rebuilding the economy so that it works for the largest number of people, not this fascist, crony capitalism for the wealthy elites currently in effect. No doubt the house of cards falling down will hurt a good number of people, but this is something that should happen, must happen. Can’t escape the crash, just let it happen and then rebuild.

  • duh

    A “perfect storm” is coming.

    It’s already onshore. What’s amazing to me is how much our President and his cabal of anti-Americans is helping it outright and how little democrats see it.
    He urges a Pali state on the 67 lines, which means the end of Israel and then us.
    They create trillions out of thin air and send plenty of it overseas or bail out their cronies.
    They urge arab uprisings thru the middle east.
    They urge their hard core left wing constituencies – the socialists, fascists and communists to rise up and make the country ungovernable.

    None of this is an endorsement of republicans, because they are just plain too stupid or they are too afraid of what the left will say about them.

  • REED RICHARDS

    And by the way, until the bigs do get what’s coming to them, then financial instability will absolutely be the “new normal”…………..

  • Maria

    Shaken to the core.

    Our destination has already been determined by the path we chose.

    There is no fix for what has been done…not in an immoral world.

    All that is left is to repent and prepare.

    Reap what has been sown.

    Penance and purification.

    Then we may see a new day.

    And do things the right way.

  • El Pollo de Oro

    Anyone who thinks The Banana Republic of America (the Third World hellhole that used to be the United States) is experiencing a double-dip recession is being overly optimistic. The reality is that the BRA has been in a DEPRESSION (not a recession) since September 2008, and all of the evidence indicates that this depression is going to deepen and become a lot worse. The managed depression that we’ve had for the last three years is becoming unmanageable. Gerald Celente has predicted that the BRA is going into “The Greatest Depression,” meaning an economic calamity even worse than the Great Depression of the 1930s—and he’s absolutely right. As terrible as things are now, they are going to get much, much worse. We can kiss the American middle class goodbye.

    “Know where your money is because we’re going to see bank failures, one after another.”—Gerald Celente

    “The gap between the rich and the poor is wider in the United States than it is in any of the other industrialized nations.” —Gerald Celente

    “When the money stops flowing down to the man on the street, the blood begins to flow in the streets—and the money is not flowing down.”—Gerald Celente

    “The war is underway. It’s class warfare. It’s Off With Their Heads 2.0. It’s going to be a battle between the haves and the have-nots. Only a very few have everything, and way too many have much too little.”—Gerald Celente

    “When people lose everything and have nothing left to lose, they lose it.”—Gerald Celente

    “When people get hungry and desperate, things get ugly. And I’ll tell you where it’s really going to get ugly: crime is going to go to levels we’ve never seen before.” —Gerald Celente

    “Prices are going up. Unemployment is continuing to go up. And we have not had the necessary correction for the financial bubble created by our federal reserve system.” —Ron Paul

    “When this thing collapses, you won’t be able to get your money out of the bank. They’re gonna do it like they do in every Third World country. Our forecast is for a bank holiday and a formal devaluing of the dollar.” —Gerald Celente

    Ron Paul and Gerald Celente tried to warn us that a major financial storm was brewing, but the neocons and corporatists wouldn’t listen. Now, the floodgates of hell have been unleashed upon us.

    Get ready for shantytown slums galore, get ready for numerous bank failures, get ready for widespread civil unrest, get ready for violent crime to soar to unprecedented levels, get ready for 40% or 50% unemployment, get ready for the BRA’s crumbling infrastructure to go from bad to worse, get ready for all hell to break loose.

    Welcome to life in a rotting, decaying, collapsing Third World cesspool. Welcome to The Banana Republic of America, formerly the USA.

    • Ian

      You’ve never been to a third world nation, Have you?

      • El Pollo de Oro

        Ian: I always love it when guys like you try to make light of the suffering of millions of Americans with comments like that. Actually, I’ve been to 15 different countries, speak three languages proficiently (as well as some French) and have seen first-hand the contrasts between developed countries in Europe and economic deprivation in Northern Africa and Latin America.

        Are things in the BRA as bad as Haiti or Tanzania? No, we haven’t sunk THAT far, obviously. Are we starting to look more and more like, say, El Salvador or Guatemala? You bet we are. This economic crisis is no joke, and the hell of the last three years is only the tip of the iceberg. But hey, if burying your head in the sand makes you feel better, go for it.

  • knightowl77

    Wisdom comes from making tons of mistakes and trying to learn from what you did wrong and prevent it from happening that way again.

    Sadly the political class in this country keep trying the same old tired tactics of pitting left versus right to hide their real intentions. They (whoever they are) have us fighting each other so we don’t even notice what is happening right in front of our eyes. It does seem to me, that this is not random chance. That behind the curtain, someone or some group is calling the shots or pulling the strings.

    Thank you for what you do to get people aware. I had wanted to do a blog to do the same thing, but I do not have your patience and could not have done anything close to the articles and facts that you present. Keep up the good work, it is appreciated. God Bless.

  • REED RICHARDS

    THERE IS NO STOPPING THE TSUNAMI OF PAIN AND ANGUISH. AMERIKA IS GOING TO GET WHAT’S COMING TO HER, REGARDLESS OF WHO LIKES IT OR DOESN’T LIKE IT:

    In as much as you would like for the bigs to not get what’s coming to them for fear of hurting “innocent” people, the fact of the matter is this, the crash should happen, it must happen for one simple reason: To set about the business of rebuilding the republic and the economy that sustains it. Right now, there is no such thing as capitalism and there is no such thing as the United States of America. What you have right now is a form of fascist crony capitalism that benefits only the bigs and the resulting chaos has turned this place into the Asylum States of Amerika. Letting the house of cards fall will cause a lot of pain, but the sooner the cards fall, the sooner we can get on with the business at hand, and that is rebuilding the Republic and the principles of freedom and representative democracy…………And by the way, economic instability in the age of Republicrats is now the “new normal”………..

  • Gary2

    Twenty-five percent of very young children in America are living in poverty, according to an analysis of Census data released Thursday.

    How can we call our self a Christian nation with stats like this???

    I think a lot of people like to think we are a Christian nation but the reality is way different.

    Anyone who votes for republicans/teapublicans who want to FURTHER cuts programs for the poor (WIC,SNAP ETC) in order to fund more tax cuts on the rich are non christian.

    “By your fruits you will know them” And it looks like the right in this country are pretty rotten.

    • duh

      “How can we call our self a Christian nation with stats like this??”

      Because the American notion of poverty is WELL above what other nations define it as.

      “by your fruits you will know them” indeed. What are the fruits of your messiah and decades of redistribution of wealth. A constituency, less freedoms for Americans and corruption of a moral society – nothing more.

      • http://gotowork mark

        good comment –Are you a public speaker? and will there will be grape kool-aid
        at the end of your speeches.

    • liberranter

      How can we call our self a Christian nation with stats like this???

      There is no such thing as a Christian “nation,” or any-other-religion “nation.” Only individuals are Christian/Jewish/Muslim/Buddhist/Agnostic/Whatever Religion Have You. To suggest otherwise is the most brainless form of collectivist thinking imaginable.

    • Victor

      American poor are lazy, fat/obese(suicidal,lazy and gluttonous, which leads to an early death ,and refuse to work. Immigrants make up 80% of the job creation in Texas, and thanks to the commie saboteur vermin and RINOS, 40% of those were illegal.
      It is not the job of the taxpayer to support people who do not want to work. Family supported me when finding a job was proving difficult. Instead of being debt slaves, people need to pool resources with family and friends and not depend on the lie of fiat currency. These times bring family together, unless people are used to being freeloaders.

  • Gary2

    Hey right wing “Christians”—why do many Republican­s want to take away abortion? It’s clear that once the kids are born, many Republican­s don’t give a damn about whether the kids survive (or at least thrive) or not.

    This is what happens when you let conservatives in govt. The more poverty, the more uneducated voters they can manipulate­, the more workers they can hire for nothing.

    Conservatives are immoral scum. Some Christians those tea baggers are. If that’s Christianity I am guessing they are doing a pretty good job scaring many potential members away.

    • SVD

      Gary, you seriously need to get help.

    • yera dumba$$

      LMAO! There really isn’t anything else to say.

    • Maria

      I am a conservative.

      I believe that abortion is a sin. It offends God. I believe abstinence is a better choice than killing an unborn child.

      I am sorry for you Gary. I fear what may happen to your soul if you do not change your mind. More than that, I am sorry for all the unborn children who die every day.

      I am praying for you and for them.

      • Gary2

        How about the ones already born that your immoral conservatism ignores, no tries to destroy??? In order to give more tax cuts to the rich???

        • Maria

          I am GLAD they were born…at least those children have a chance at life with my “immoral conservatism”. Abortion is never a solution…it is a death sentence.

          I’ve got a surprise for you. I don’t like the tax code either. My “immoral conservatism” wants to THROW IT OUT! The tax code, the IRS and the Fed. Time to start over.

          The poor should not be taxed. Everyone else should pay taxes only for items that they purchase…equally…not income…not savings…not investments…not services…not retirement. The more you buy, the more taxes you pay…but the rate is the same for everyone who makes a livable wage.

          Simple. Fair.

          Don’t think that makes me immoral. Just conservative.

  • Gary2

    Class warfare?–more right wing talking points like job creator!

    This is the real class warfare:

    The fiscal and economic record of this nation since Ronald Reagan. It’s like a fire branded litany of issues. You could list them in a new Declaration and lay them on the doorstep of their next Convention:

    1. Since 1980 wealthiest citizens’ share of income, 1% of households, increased from 10% to 21%, the largest share since the Great Depression and an income disparity not seen since then.

    2. The 35% top tax rate is half what it was when Reagan entered office; capital gains at 15% now are less than half of the 39.9% then.

    3. The wealthiest 10% of Americans pay 70% of taxes, but the top 25% own 87% of U.S. net asset wealth and pay far less taxes as a percentage than at any time since the 1931. After their taxes they are still very wealthy relative to the middle class after their taxes.

    4. While the wealthiest 25% of Americans own 87% of America’s wealth in America the bottom 40% control an amount closer to 0.

    5. By 2010 C.E.O. pay at S&P 500 companies was 343 times the median wage ($16.27 per hour); median U. S. income is $49,445.

    6. The Bush administration increased our national debt from $5.8 trillion to $11.9 trillion.

    7. Republicans waged class warfare by sending the nation’s kids to Afghanistan and Iraq but not proportionately participating and refusing to pay for the wars by not raising tax revenue but instead increasing our debt and telling us that now that debt they amassed in 8 years of G.W. Bush governance must be paid only by cutting spending and only cutting middle class programs, education, social security (Rick Perry), and overturning our new health care system.

    Middle class income has stagnated, retirement is jeopardized, health costs rise, and unemployment is rampant. That’s class warfare.

    The rich are going down hard. We will show then what class warfare is all about!

    • yera dumba$$

      “The rich are going down hard. We will show then what class warfare is all about!”

      My money says you swallow a cop’s bullet before you do anything to the rich. All your kind do is tear down and destroy. You offer a polite society nothing.

    • Paul

      So… the Obama Administration, the Pelosi led 110th Congress and the Harry Reid led Senate helped any of your points that you bring up? LOL!!

      News flash for you buddy… The Obama Administration jumped the national debt up to over $14.5 Trillion in two short years and crushed any hope for a recovery with more government and Obamacare.

      Throw the “Rich got Richer” into that mix with all of the Crony Capitalism where taxpayer dollars are thrown at supporters of the BO Administration.

      Thanks for the Libtard talking points bringing up what we already know…. but not having any solutions when the Libtards controlled the WH and Congress.

      You are going to show us what class warfare is all about? Really?? That’s funny because when the $%*! hits the fan you are going to need more help then the rich. Wait until the inner cities start rioting when the checks stop flowing in…. The Rodney King riots are going to look like child’s play when the zombies hit the streets looking for food and they are not going to care what “side” you supported.

      Good Job in supporting policies that put the final nail in the coffin!

  • http://www.placeofrefuge2012.com Sheila

    Normal??? yes for the time being. This is the calm before the storm!

    Get Ready

    http://www.placeofrefuge2012.com

  • jerry O

    Maybe now is the time
    to look at doing something
    besides placing your money
    in the market.

    Gold and silver are going
    down right now because
    people are selling off
    what they have to take
    out any money they can
    due to this economy.

    All of the economic chaos
    that surrounds us can be
    downright scary!

    The great news is that
    I just discovered something
    that will quickly ease
    any fear and uncertainty.
    In fact, if your anything
    like me, you’re about to
    get very excited.

    What if there was a way
    for you to know the
    investing strategies of
    the “Ruling Class” that
    have long been kept
    secret from the MIddle
    Class?

    Want to know how they do it?
    And how you can too?

    I just watched a short video
    that opened my eyes to new
    possibilities, and you have
    got to see it!

    http://www.takecontrolofyourfuturenow.com

    • 007

      Gold and silver are taking a hit because all of the hedge funds are cashing in to cover their margin calls. The federal reserve is likely shorting them too to give them a little extra kick . However, these will increasingly become the best places to maintain investments. What you have here is a great buying opportunity. When the central banks start printing money, which they will have to do, they will take off again. I believe they will top 2,250.00 an ounce by January 1st.

  • Paul

    Until the American People wake up and realize that Big Government is the problem and not the solution…. expect more of the same until the total collapse comes.

    The only person that truly understands the foundation of the problems is Dr. Ron Paul…

    Unfortunately… it looks like the only way the majority of Americans are going to wake up is when there is a total collapse. Even then…. they probably still won’t know what happened and will be looking for their Masters in Washington D.C. to come save them.

  • Fed Up

    I posted this on the last article, but it is so shocking and indicative of our government’s dysfunction, I am posting it again for those that missed it:

    New Study: 81% of the new jobs in Texas have gone to immigrants instead of Americans—half to legals and half to illegals.
    http://www.dailymail.co.uk/news/article-2040839/Most-new-jobs-Texas-taken-immigrants-says-new-study.html?ito=feeds-newsxml

    • Highspeed

      Just sickening.

  • mohamed kamal

    Yes, I agree with you that all this is true. And also the cause of the crisis was the many expenses and high

  • Anum

    Times are going to continue to get harder and harder.

  • http://sgamingx.org Russ

    Times are going to continue to
    get harder and harder.

  • Jam J

    What to do about this?

  • Gary2

    Hey-what does everyone think about a Ron Paul/Ralph Nader third party ticket?

    As much as I disagree with libertarians there are some things we agree on. How about we put aside our disagreements and fix the things we agree on??

    Maybe by fixing what we agree on the things we do not agree on will also be fixed?

    I would be willing to vote this ticket.

    • 99er

      Is that because you think a Michael Moore / Al Sharpton ticket would be too conservative?

  • SMASH THE CONTROL MACHINE

    When the righteous are in authority, the people rejoice: but when the wicked beareth rule, the people mourn.THE WICKED MUST BE RULING CAUSE I SEE ALOT OF PEOPLE MOURNING BECAUSE OF OUR WICKED LEADERS!!!!

  • KB

    I am finding it a little distressing, unnerving, interesting…whatever word you wish to use…that multiple alternative media websites have been hacked and/or shut down within the last several days…as if someone does not want information disseminated right before an event.

  • Gary2

    The Texas Miracle—-that Rick Perry got out of high school!

  • http://FaceBook Glenn Wilson

    Before there can be a New One World Order with a One World Monetary System, first must come the total collapse of the monetary system that now exist. That is precisely what is happening all over the world financially. It all adds up to me.

  • Muck

    Well, the good book in James states it well, that the rich will be throwing thier gold and silver to the bats and moles. Their wealth will be like canker sores. But the One that wrote the good book states lay not treasures on earth where thieves break in and steal or moth or rust corrupts, but lay up treasures in heaven with your good works.

    • Gary2

      So by taxing the rich and spreading the wealth am actually helping them in the afterlife???works for me.

  • Jez

    Everyone familiar with the phrase “in denial”

    Today Sept 25th at 11.00am London time – the French Central Bank says no plans re-capitalise French Banks. Banks can cope with the Greek debt risk.

    European Central Bank Executive Committee “warns” making banks pay for contributing to the global financial crisis could lead to mass unemployment.

    Arrogance doesn’t get close to describing the effrontery of these people. The bastards should be in jail.

  • Gary2

    Between 1983 and 2009, Mishel reports, America’s richest 5 percent grabbed 82 percent of all the nation’s gains in wealth. The nation’s bottom 60 percent of households “actually had less wealth in 2009 than in 1983.”

    Anyone who cant see that we need to TAX THE RICH and spread the wealth is a few fries short of a happy meal.

  • http://theeconomiccollapseblog.com/archives/is-financial-instability-the-new-normal nattyis

    EVERYONE mentions the elite, George Sorro’s, Rothchilds, Bill Gates, Warren Buffet, Wall Street, Rockerfellars, Bildenburgs, etc. etc…and the FEDERAL RESERVE (PRIVATELY OWNED bANKING) yet and but, and yet nobody goes after them, nobody goes to the root, if the root of the problem was solved or wipped out….then you are on the right track. Presidents are PUPPETS, THE MOUTH AND EARS TO THE ELITE WHO TELL THEM HOW TO SOLVE THE PROBLEM TO THEIR BEST INTERESTS….NOT OURS.

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