Oligarchs

Chart of the Day: Inflation Since the American Revolution

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As is clear by this chart, inflation was virtually unheard of until the Creature from Jekyll Island (the Federal Reserve) took over.  However, more importantly, things didn’t really start to get bad until the 1970’s right after Nixon took the nation off the gold standard in 1971.  Since that time, America has seen a period of … Read more

The Guardian: Paul Krugman should be U.S. Treasury Secretary

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The friend who sent this article to me wrote:

Part of me actually hopes for this appointment because he will accelerate the collapse of the current psychotic Keynesian ideology and our unsustainable fiscal practices. The sooner it ends, the better…even if that end is painful.

I couldn’t agree more.  Now for some snippets from the latest Op Ed insanity from a major publication:

Not only is he the world’s best-known economist, Krugman has the intellect and integrity to resist Wall Street’s calls for austerity.

He could ignore what Wall Street and conservative media interests want and pick somebody who would represent what the electorate voted for. And not even just the people who voted for him: there are a lot of Republican voters out there who are also unemployed.

It didn’t take long for the author to expose his lack of understanding in the above paragraph, where he uses the same old false left-right divide to imply Wall Street is “conservative.”  They are the furthest thing from conservative, they are simply financial oligarchs that own both major parties and Paul Krugman would be an ideal tool for them as well.

Then again, he does make one point I agree with:

This was unprecedented and an historic change; Kim is practically the only World Bank president in 60 years who was not previously a banker or a war criminal.

However, he immediately reverts to nonsense very quickly when he states:

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World’s 100 Richest People Got $241 Billion Richer in 2012

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I am not an envious person, nor am I someone just trying to make as much money as possible.  If that was my goal I would’ve just stayed at my cushy and easy Wall Street job.  This isn’t about money, it is about the fact that the richest people in the world are merely abusing the monetary and political systems of their nations while pushing everyone else into deep debt servitude.  Moreover, now in the United States the oligarchs are attempting to disarm the population so that their fortunes are protected from the masses that they have just raped and pillaged.  From the Los Angeles Times:

The richest people on the planet got even richer in 2012, adding $241 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 100 wealthiest individuals.

The aggregate net worth of the world’s top 100 stood at $1.9 trillion at the market close Dec. 31, according to the index. Of the people who appeared on the final ranking of 2012, only 16 registered a net loss for the 12-month period.

“Last year was a great one for the world’s billionaires,” said John Catsimatidis, the billionaire owner of Red Apple Group Inc., in an email written poolside on his BlackBerry in the Bahamas.

Meanwhile, as Spain descended into the gutter in 2012…

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It’s Official: The FBI Classifies Peaceful American Protestors as “Terrorists”

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Thanks to a Freedom of Information Act request from the Partnership for Civil Justice Fund (PCJF), we have details for the first time of how government intelligence organizations and the corporate state worked together in secret to battle the Occupy Wall Street movement.  The best report I have read on this story comes from the PCJF themselves.  Here are some of their key findings:

“This production, which we believe is just the tip of the iceberg, is a window into the nationwide scope of the FBI’s surveillance, monitoring, and reporting on peaceful protestors organizing with the Occupy movement.

FBI documents just obtained by the Partnership for Civil Justice Fund (PCJF) pursuant to the PCJF’s Freedom of Information Act demands reveal that from its inception, the FBI treated the Occupy movement as a potential criminal and terrorist threat even though the agency acknowledges in documents that organizers explicitly called for peaceful protest and did “not condone the use of violence” at occupy protests.

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Obama Wins 8 of the Nation’s 10 Wealthiest Counties…Impressive Stats for a “Socialist”

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I just love these statistics posted by CNBC yesterday: In an election that often focused on debates about class warfare, President Barack Obama was favored over multimillionaire businessman Mitt Romney in eight of the nation’s 10 wealthiest counties. For a guy that supposedly wants to redistribute wealth, the wealthiest people sure do seem to like … Read more