US middle class is being wiped out: here's the article...
Posted: Sat Jul 17, 2010 2:19 am
to prove it: http://finance.yahoo.com/tech-ticker/ar ... o-Prove-It
i cant help but laugh at how easy it is for the bankers to get away with stealing trillions of dollars world wide and the Govt has the shear audacity to tax us into oblivion to pay for the central bank loans which they then gave away to the very banks they fracking borrowed it from in the first place while we sit back and watch it happen.
there's also this which applies to all western nations, not just the US:
[spoiler]Austerity Fascism Is Coming And It Will Be Brutal
Welcome to the age of rage – riots and revolutions will be the reaction to the next stage of the new world order
Paul Joseph Watson
Tuesday, June 8, 2010
Top historians, social and financial analysts are warning that the draconian austerity measures currently being prepared by governments in the west will cause riots and even revolutions as people react with fury in response to their jobs, savings, basic public services, pensions and welfare money being seized by the financial terrorists who caused the economic collapse in the first place.
British historian Simon Schama is a creature of the establishment and he makes it clear whose side he is on at the end of his recent column for the Bilderberg-controlled Financial Times entitled, The World Teeters on the Brink of a New Age of Rage: http://www.ft.com/cms/s/0/45796f88-653a ... ab49a.html However, the fact that he is an elitist at heart only makes Schama’s predications all the more alarming. This is someone on the inside who is painfully aware of the fact that the imminent attempt on behalf of the globalists to enforce so-called “austerity measures” on the people of the west, which in reality is a euphemistic term for the next leg of the new world order, is not just going to cause riots and mass social unrest, but it could even lead to revolution if the elite allow the situation to spiral out of their control.
Schama’s forecast that “we might be on the threshold of an age of rage” is not to be taken lightly. This isn’t coming from Alex Jones, Max Keiser or Gerald Celente, it’s coming directly from a man considered to be Britain’s pre-eminent contemporary historian.
Schama writes that the coming austerity measures, particularly in America where anger “targeted at an elitist federal authority is raging through the US like a fever,” will require “Barack Obama to be more than a head tutor. It will need him to be a warrior of the word every bit as combative as the army of the righteous that believes it has the Constitution on its side, and in its inchoate thrashings, can yet bring down the governance of the American Republic.”
In other words, Obama will have to ditch “misplaced obligations of civility” and become an authoritarian enforcer in order to emerge successful against the rising tide of Constitutionalist rage that will be directed against the coming austerity fascism.
We’ve all seen the numerous videos of protesters in Greece rioting, fighting police, and even firebombing banks and killing people in reaction to the crippling austerity measures imposed by the government in the name of appeasing the mandates of the European Union’s near $1 trillion dollar bailout package. However, the establishment media as a whole has largely failed to identify precisely what those austerity measures are, and more importantly how they will almost undoubtedly lead to massive social dislocation in the UK and the United States when implemented.
The austerity measures currently being considered and indeed implemented in the UK and other European countries, with the United States not too far behind, can be summarized as follows.
Massive cuts to public services that are two or three times larger in size than anything we’ve witnessed since the second world war.
Both capping of and reduction of salaries for public sector workers that will inevitably lead to huge strikes, bringing whole countries to a standstill for weeks on end, further eviscerating any economic recovery. Public sector workers in France and Spain are already staging large industrial strikes. As we saw in Greece, strikes routinely lead to riots and violence.
Shocking tax increases that if they mirror previous trends could amount to an astounding 98 per cent tax on all earnings over a low level of income. Such increases would virtually eliminate the middle class because all earnings over around £20,000 ($28,000) would almost entirely go straight to the government. Knowing that such exorbitant hikes would cause millions of people to try to evade tax, thousands of new tax inspectors are being hired to crackdown on evaders. In the United States, 16,000 new IRS agents were recently hired in anticipation of people avoiding massive tax hikes that are in the pipeline, as well as new taxes as a result of Obamacare, which will begin to be implemented in the coming years.
Cuts in social welfare payments that will devastate the poor if they are already laboring under runaway inflation. The economically deprived will take to the streets with a mind set of nothing to lose if the government handouts they have become dependent on are drastically reduced.
VAT increases for people who already pay some of the highest income tax levels in the world. Europeans are forced to pay a 15-25 per cent surcharge on the purchase of most items and services, and this stealth tax is only set to increase. Greece recently upped its VAT from 21 per cent to 23 per cent. In the United States, President Obama has made it clear that a value added tax is “still on the table” as the IMF also outlines plans for a financial transaction tax which amounts to yet another insidious stealth tax on consumption.
Governments will try to seize pension funds by continually raising the retirement age so pensions are constantly kept out of reach until people die. In Greece, the government is linking the pension to the average life span index, so most people won’t even get it before they die. Strikes across France in response to similar proposals have closed schools, delayed flights and caused chaos.
In many European countries, laws govern the amount of employees private companies can fire in any one period of time. In Greece, the number of people companies will be allowed to lay off has doubled from 2% to 4% of their work force. Taken to its extreme, this could double unemployment in the private sector, placing yet more strain on unemployment benefits, which will also be reduced, and driving people into poverty.
All of these measures have been implemented to one degree or another in Greece and we witnessed the consequences. What makes the situation far more terrifying is the fact that the austerity measures being readied for Europe and especially the UK are far more drastic than what the Greeks have been dealt.
The last time anything remotely this drastic was imposed in the UK post World War Two was in 1977 when public spending was cut by 4 per cent. This led to massive strikes, riots, bodies being left unburied, and the German chancellor declaring Britain “no longer a developed country”. This turmoil occurred just a few years after the UK government had imposed a three-day-week as a result of massive industrial strikes by coal miners in order to conserve electricity. The miners were on strike because the government had capped their pay in an effort to control soaring inflation, a repeat of which many warn is just around the corner as governments are forced to print trillions more money as part of quantitative easing programs.
Spending cuts as part of UK austerity measures are set to be more than double those imposed in 1977, at a level of 9 to 11 per cent. If people were rioting, leaving bodies unburied, and the country was being called “no longer developed” with just a 4 per cent spending cut, what are we to expect after a cut double or treble that amount? Not to mention the plethora of other draconian austerity measures that will accompany spending cuts.
British Prime Minister and Bilderberg attendee David Cameron has warned that the measures his government is preparing to impose will “Affect every single person in our country. And the effects of those decisions will stay with us for years, perhaps decades, to come.”
Austerity fascism is the realization of the global elite’s agenda for a “post-industrial revolution,” after which living standards in the west will be dramatically lowered, economic growth will be stagnant, and people will be more concerned about how they are going to feed their families rather than standing up to the very financial terrorists who engineered the economic collapse in the first place.
However, a hungry mob is an angry mob. If the situation is allowed to spiral out of control and the “post-industrial revolution” unfolds quicker and more unwieldy than anticipated, the global elite may find themselves with an entirely different kind of revolution on their hands – one led by the people against the corrupt plutocrats intent on exploiting the suffering they masterminded in the move towards an authoritarian one world government.[/spoiler]
we've got some seriously tough times ahead when you read comments like this:
“The bottom line here is that Americans don’t believe in President Obama’s leadership,” says Rob Shapiro, another former Clinton official and a supporter of Mr Obama. “He has to find some way between now and November of demonstrating that he is a leader who can command confidence and, short of a 9/11 event or an Oklahoma City bombing, I can’t think of how he could do that.”
the above comment is here: http://www.ft.com/cms/s/0/434315b2-8ea6 ... ab49a.html
but hey, as long as we have our "stars" and TV and useless chat the world will be fine...
well, i see that like this, you sit back and watch an arsonist dressed as a fireman break into your house and set fire to it and burn you and your family. but while your burning you justify what's happening in front of your eyes by saying "he's a fireman! he puts out fires so i'm safe".
Goldman Sachs recently got a slap on the wrist in the form of a 500 million dollar fine after they were found guilty of defrauding the US Govt of 5 billion dollars (5 billion that we know of)...who ever said crime doesn't pay should be the one slapped, but not with a fine, with a fist in the face!
Ben Bernanke and others were asked by senators at multiple hearings about the bailout and where the money went, and all of them replied bluntly "we wont tell you", and now they say they need a 2nd round of bail outs...what the **Filtered** wrong with that picture?!?!?!?!
this guy fears we are in a 3rd depression: http://www.nytimes.com/2010/06/28/opini ... .html?_r=2 top economists for 2 years have been saying we are in a depression, not just a depression, we are in an inflationary depression which will make the last 2 great depressions look like a mere dip in the economy by comparison....
and here in the UK we are worried about the fracking budget?! thinking a budget will fix this is like saying a plaster (plaster=band aid for our yank brethren) will fix that massive hole in your head...
anyone have any silly comments, or will this be a proper discussion?
edit: if anyone has problems reading the FT articles because they are not registered, let me know and i'll post them here in spoilers.
i cant help but laugh at how easy it is for the bankers to get away with stealing trillions of dollars world wide and the Govt has the shear audacity to tax us into oblivion to pay for the central bank loans which they then gave away to the very banks they fracking borrowed it from in the first place while we sit back and watch it happen.
there's also this which applies to all western nations, not just the US:
[spoiler]Austerity Fascism Is Coming And It Will Be Brutal
Welcome to the age of rage – riots and revolutions will be the reaction to the next stage of the new world order
Paul Joseph Watson
Tuesday, June 8, 2010
Top historians, social and financial analysts are warning that the draconian austerity measures currently being prepared by governments in the west will cause riots and even revolutions as people react with fury in response to their jobs, savings, basic public services, pensions and welfare money being seized by the financial terrorists who caused the economic collapse in the first place.
British historian Simon Schama is a creature of the establishment and he makes it clear whose side he is on at the end of his recent column for the Bilderberg-controlled Financial Times entitled, The World Teeters on the Brink of a New Age of Rage: http://www.ft.com/cms/s/0/45796f88-653a ... ab49a.html However, the fact that he is an elitist at heart only makes Schama’s predications all the more alarming. This is someone on the inside who is painfully aware of the fact that the imminent attempt on behalf of the globalists to enforce so-called “austerity measures” on the people of the west, which in reality is a euphemistic term for the next leg of the new world order, is not just going to cause riots and mass social unrest, but it could even lead to revolution if the elite allow the situation to spiral out of their control.
Schama’s forecast that “we might be on the threshold of an age of rage” is not to be taken lightly. This isn’t coming from Alex Jones, Max Keiser or Gerald Celente, it’s coming directly from a man considered to be Britain’s pre-eminent contemporary historian.
Schama writes that the coming austerity measures, particularly in America where anger “targeted at an elitist federal authority is raging through the US like a fever,” will require “Barack Obama to be more than a head tutor. It will need him to be a warrior of the word every bit as combative as the army of the righteous that believes it has the Constitution on its side, and in its inchoate thrashings, can yet bring down the governance of the American Republic.”
In other words, Obama will have to ditch “misplaced obligations of civility” and become an authoritarian enforcer in order to emerge successful against the rising tide of Constitutionalist rage that will be directed against the coming austerity fascism.
We’ve all seen the numerous videos of protesters in Greece rioting, fighting police, and even firebombing banks and killing people in reaction to the crippling austerity measures imposed by the government in the name of appeasing the mandates of the European Union’s near $1 trillion dollar bailout package. However, the establishment media as a whole has largely failed to identify precisely what those austerity measures are, and more importantly how they will almost undoubtedly lead to massive social dislocation in the UK and the United States when implemented.
The austerity measures currently being considered and indeed implemented in the UK and other European countries, with the United States not too far behind, can be summarized as follows.
Massive cuts to public services that are two or three times larger in size than anything we’ve witnessed since the second world war.
Both capping of and reduction of salaries for public sector workers that will inevitably lead to huge strikes, bringing whole countries to a standstill for weeks on end, further eviscerating any economic recovery. Public sector workers in France and Spain are already staging large industrial strikes. As we saw in Greece, strikes routinely lead to riots and violence.
Shocking tax increases that if they mirror previous trends could amount to an astounding 98 per cent tax on all earnings over a low level of income. Such increases would virtually eliminate the middle class because all earnings over around £20,000 ($28,000) would almost entirely go straight to the government. Knowing that such exorbitant hikes would cause millions of people to try to evade tax, thousands of new tax inspectors are being hired to crackdown on evaders. In the United States, 16,000 new IRS agents were recently hired in anticipation of people avoiding massive tax hikes that are in the pipeline, as well as new taxes as a result of Obamacare, which will begin to be implemented in the coming years.
Cuts in social welfare payments that will devastate the poor if they are already laboring under runaway inflation. The economically deprived will take to the streets with a mind set of nothing to lose if the government handouts they have become dependent on are drastically reduced.
VAT increases for people who already pay some of the highest income tax levels in the world. Europeans are forced to pay a 15-25 per cent surcharge on the purchase of most items and services, and this stealth tax is only set to increase. Greece recently upped its VAT from 21 per cent to 23 per cent. In the United States, President Obama has made it clear that a value added tax is “still on the table” as the IMF also outlines plans for a financial transaction tax which amounts to yet another insidious stealth tax on consumption.
Governments will try to seize pension funds by continually raising the retirement age so pensions are constantly kept out of reach until people die. In Greece, the government is linking the pension to the average life span index, so most people won’t even get it before they die. Strikes across France in response to similar proposals have closed schools, delayed flights and caused chaos.
In many European countries, laws govern the amount of employees private companies can fire in any one period of time. In Greece, the number of people companies will be allowed to lay off has doubled from 2% to 4% of their work force. Taken to its extreme, this could double unemployment in the private sector, placing yet more strain on unemployment benefits, which will also be reduced, and driving people into poverty.
All of these measures have been implemented to one degree or another in Greece and we witnessed the consequences. What makes the situation far more terrifying is the fact that the austerity measures being readied for Europe and especially the UK are far more drastic than what the Greeks have been dealt.
The last time anything remotely this drastic was imposed in the UK post World War Two was in 1977 when public spending was cut by 4 per cent. This led to massive strikes, riots, bodies being left unburied, and the German chancellor declaring Britain “no longer a developed country”. This turmoil occurred just a few years after the UK government had imposed a three-day-week as a result of massive industrial strikes by coal miners in order to conserve electricity. The miners were on strike because the government had capped their pay in an effort to control soaring inflation, a repeat of which many warn is just around the corner as governments are forced to print trillions more money as part of quantitative easing programs.
Spending cuts as part of UK austerity measures are set to be more than double those imposed in 1977, at a level of 9 to 11 per cent. If people were rioting, leaving bodies unburied, and the country was being called “no longer developed” with just a 4 per cent spending cut, what are we to expect after a cut double or treble that amount? Not to mention the plethora of other draconian austerity measures that will accompany spending cuts.
British Prime Minister and Bilderberg attendee David Cameron has warned that the measures his government is preparing to impose will “Affect every single person in our country. And the effects of those decisions will stay with us for years, perhaps decades, to come.”
Austerity fascism is the realization of the global elite’s agenda for a “post-industrial revolution,” after which living standards in the west will be dramatically lowered, economic growth will be stagnant, and people will be more concerned about how they are going to feed their families rather than standing up to the very financial terrorists who engineered the economic collapse in the first place.
However, a hungry mob is an angry mob. If the situation is allowed to spiral out of control and the “post-industrial revolution” unfolds quicker and more unwieldy than anticipated, the global elite may find themselves with an entirely different kind of revolution on their hands – one led by the people against the corrupt plutocrats intent on exploiting the suffering they masterminded in the move towards an authoritarian one world government.[/spoiler]
we've got some seriously tough times ahead when you read comments like this:
“The bottom line here is that Americans don’t believe in President Obama’s leadership,” says Rob Shapiro, another former Clinton official and a supporter of Mr Obama. “He has to find some way between now and November of demonstrating that he is a leader who can command confidence and, short of a 9/11 event or an Oklahoma City bombing, I can’t think of how he could do that.”
the above comment is here: http://www.ft.com/cms/s/0/434315b2-8ea6 ... ab49a.html
but hey, as long as we have our "stars" and TV and useless chat the world will be fine...
well, i see that like this, you sit back and watch an arsonist dressed as a fireman break into your house and set fire to it and burn you and your family. but while your burning you justify what's happening in front of your eyes by saying "he's a fireman! he puts out fires so i'm safe".
Goldman Sachs recently got a slap on the wrist in the form of a 500 million dollar fine after they were found guilty of defrauding the US Govt of 5 billion dollars (5 billion that we know of)...who ever said crime doesn't pay should be the one slapped, but not with a fine, with a fist in the face!
Ben Bernanke and others were asked by senators at multiple hearings about the bailout and where the money went, and all of them replied bluntly "we wont tell you", and now they say they need a 2nd round of bail outs...what the **Filtered** wrong with that picture?!?!?!?!
this guy fears we are in a 3rd depression: http://www.nytimes.com/2010/06/28/opini ... .html?_r=2 top economists for 2 years have been saying we are in a depression, not just a depression, we are in an inflationary depression which will make the last 2 great depressions look like a mere dip in the economy by comparison....
and here in the UK we are worried about the fracking budget?! thinking a budget will fix this is like saying a plaster (plaster=band aid for our yank brethren) will fix that massive hole in your head...
anyone have any silly comments, or will this be a proper discussion?
edit: if anyone has problems reading the FT articles because they are not registered, let me know and i'll post them here in spoilers.
=> the authors of the article are biased, because using France as an example when it's about strikes either means you are pro strikes, or you use it as you want to denounce strikes. NEVER take as a reason that problems happen the fact that public sector does strikes or demonstrations in France!! (they are never happy)
)
