Several months ago, a chart produced by one of the Big Banks was presented
to readers . It was supposed to be innocuous data on global wealth
distribution, but instead portrayed a horrifying picture.
The focal point of the aforementioned article was that when it came to
“the world’s poorest people,” the Corrupt West has now produced a greater
percentage of severe poverty in its own populations than in India, and an
equal percentage of such poverty as exists in Africa.
Stacked beside this, we see that when it comes to the richest-of-the-rich,
the Corrupt West remains in a league of its own. Supposedly, we are living in
“the
New Normal,” where life is supposed to get increasingly harder and
harder. So why does the New Normal never affect those on top?
Of course all of these extremely poor people being manufactured by our
governments (as these regimes give away our jobs, destroy wages, and
eviscerate our social programs) have to come from somewhere. Certainly they
don’t come from the Wealthy Class.
Indeed, the chart above provides us with a crystal-clear view of where all
these poor and very-poor people are coming from: the near-extinct Middle
Class. In order to manufacture hundreds of millions of impoverished citizens
in our nations, the Old
World Order has had to engage in a campaign to end the Middle Class.
We are conditioned to consider economic “classes” within our own
societies, but with the chart above, we’re given a global perspective. Where does
the Middle Class exist today, globally? At the upper end, it exists in China,
and to a lesser extent, in Latin America and other Asian nations. At the
lower end of the Middle Class, we see such populations growing in India and
even Africa.
Only in the West, and especially North America, is the Middle Class
clearly an endangered species. Two incredibly important aspects of this
subject are necessary to cover:
1) How and why has the
One Bank chosen to perpetrate Middle Class genocide?
2) What are the consequences of the Death of the Middle Class?
Attempting to catalogue the nearly infinite number of ways in which the
oligarchs of the One Bank have perpetrated their Middle Class genocide is
impractical. Instead, discussion will be limited to the five most important
programs responsible for the Death of the Middle Class: three of them
relatively new, and two of them old.
a) Globalization
b) Union decimation/wage destruction
c) Small business decimation
d) Money-printing/inflation
e) Income taxation
Globalization was rammed down our throats in the name of “free trade,” the
Holy Grail of charlatan
economists . But, as previously explained, real free trade is a
world of “comparative
advantage” where all nations play by a fair-and-equal set of rules.
Without those conditions, “free trade” can never exist.
The globalization that has been imposed upon us is, instead, a world of “competitive
devaluation,” a corrupt, perpetual, suicidal race to the bottom. The
oligarchs understood this, given that they are the perpetrators. The
charlatan economists were too blinded by their own dogma to understand this.
And, as always, the puppet politicians simply do what they are told.
Next on the list: union decimation and wage destruction are inseparable
subjects, virtually the flipside of the same coin. “But wait,” shout the
right-wing ideologues, “unions are corrupt, everyone knows that.”
Really? Corrupt compared to whom? Are they “corrupt” standing next to the
bankers, who have stolen
all our wealth ? Are they “corrupt” standing next to their Masters, the
oligarchs who are hoarding all our
stolen wealth ? Are they “corrupt” standing next to our politicians, who
betrayed their own people to facilitate this economic pillaging? No, compared
to any of those groups, unions (back when they still existed) were relative
choir-boys.
When it comes to corruption, nobody plays the game as well as those on
top. Compared to the Fat Cats, everyone else are rank amateurs. When unions
were strong and plentiful, everyone had jobs. Almost everyone earned a
livable wage (or better). Gee, weren’t those terrible times! Look how much
better off we are now, without all those “corrupt unions.”
The other major new component in the deliberate, systemic slaughter of the
Middle Class was and continues to be Small Business decimation. “Small
business is the principal job-creator in every economy.” Any politician who
ever got elected can tell you that.
If this is so, why do our corrupt governments funnel endless
trillions of dollars of Corporate Welfare (our money) into the coffers of
Big Business, while complaining there is nothing left to support Small
Business? Why do our governments stack the deck in all of our regulations and
bureaucracies, greasing the wheels for Big Business and strangling Small
Business in their red tape?
Why do our governments refuse
to enforce our anti-trust laws? One of the primary reasons for not
allowing the corporations of Big
Business to grow to an illegal size is because these monopolies and
oligopolies make “competition” (meaning Small Business) impossible. One might
as well try to start a small business on the Moon.
Then we have the oligarchs’ “old tricks” for stealing from the masses (and
fattening themselves): banking and taxation. Of course, to the oligarchs,
“banking” means stealing, and you steal by printing money. As many readers
are already aware, “inflation” is money-printing – the increase (or
inflation) of the supply of money.
In the absence of the gold standard, there is no way to protect savings
[i.e. wealth] from confiscation through inflation .
- Alan Greenspan (1966
version )
Remove the
Golden Handcuffs , as central banker Paul Volcker bragged
of doing in 1971, and then it’s just print-and-steal – until the whole
fiat currency Ponzi scheme implodes.
Then of course we have income taxation: 100 years of systemic thievery. No
matter what the form or structure, by its very nature every system of
income taxation will:
i) Provide a free ride to those at the very, very top
ii) Be revenue-neutral to the remainder of the wealthy
iii) Relentlessly steal out of the pockets of everyone else (via
over-taxation)
This is nothing more than a matter of applying simple arithmetic. However,
many refuse to educate
themselves on how they are being robbed in this manner, year after year,
so no more will be said on the subject.
These were the primary prongs of the oligarchs’ campaign to exterminate
the Middle Class. As always, skeptical readers will be asking “why?” The answer
is most easily summarized via The
Bankers’ Manifesto of 1892 . This document was presented to the U.S.
Congress in 1907 by Republican congressman, and career prosecutor, Charles
Lindbergh Sr.
It reads, in part:
The courts must be called to our aid, debts must be collected, bonds
and mortgages foreclosed as rapidly as possible.
When through the process of law, the common people have lost their
homes they will be more tractable and easily governed through the influence
of the strong arm of government applied to a central power of imperial wealth
under the control of the leading financiers [the oligarchs]. People
without homes won’t quarrel with their leaders.
We have “the strong arm of government.” The oligarchs saw to that by
bringing us their “War on Terror.” When it comes to throwing people out of
their homes, and creating a population of serfs, that’s a two-part process.
Step 1 is to manufacture artificial
housing bubbles across the Western world, and then crash those bubbles.
However, this is only partially effective in turning Homeowners into
Homeless. To truly succeed at this requires Step 2: exterminating the
Middle Class. A Middle Class can survive a collapsing housing bubble,
assuming they remained reasonably prudent. The Working
Poor cannot.
Finally, after more than a century of scheming, the oligarchs have all of
their pieces in place. In the U.S., they’ve even already built many gulags –
to warehouse these former Middle Class homeowners – since a large percentage
of those people are armed.
This brings us to one, final point: the consequences of the Death of the
Middle Class. What happens when you destroy the foundation of a house? Just
look.
As readers have been told on many previous occasions, the “velocity of
money” is effectively the heartbeat of an economy. It is another way of
representing the economics principle known as the Marginal Propensity to
Consume, probably the most important principle of economics forgotten
by charlatan economists.
The principle is a simple one, since it is half basic arithmetic and half
common sense. Unfortunately, these are both skills beyond the grasp of
charlatan economists. If you take all of the money out of the pockets of the
People, and you stuff it all into the vaults of the Wealthy (where it sits in
idle hoards), then there is no “capital” for our capitalist economies – and
these economies starve
to death .
What is the response of the oligarchs to the relentless hollowing-out of
our economies? They have ordered the puppet politicians to impose Austerity:
taking even more money out of the pockets of the people. It is the equivalent
to someone with anorexia going to a doctor, and the doctor imposing a severe
diet on the patient (i.e. victim). The patient will not survive.
The Middle Class is dying. Unlike the oligarchs’ Big Banks, we are
not “too
big to fail.” Our jobs are gone. Our unions are gone. Our Middle Class
wages are gone. Very soon, our homes will be gone. But don’t worry! It’s just
the New Normal.
The views and opinions expressed in this material are those of the author
as of the publication date, are subject to change and may not necessarily
reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the
accuracy, completeness, timeliness and reliability of the information or any
results from its use.
