The Stock Market Myth and How the Japanese Middle Class is on the Precipice Thanks to Abenomics

Screen Shot 2015-04-07 at 10.26.59 AM

Data back this up. According to labor ministry figures announced April 1, the number of households living on welfare hit a record 1,618,817 in January. This figure has been on the rise for the last two decades.

On the other hand, data also show that the rich became even wealthier under Abe’s tenure.

– From the Japan Times article: Under ‘Abenomics,’ Rich Thrive but Middle Class on Precipice

Although a sizable amount of people globally are now aware of the historic theft being perpetrated on them by the various oligarchies in control of their respective nation-states, the number of people cognizant and angry about it remains far too low relative to the degree of theft. There are many reasons for this, but I believe the most powerful factor is that extremely sophisticated propaganda has convinced the majority of humanity to buy into all sorts of myths about their particular country or tribe, which keeps them complacent, passive and focused on an exaggerated external threat.

While many of these myths are targeted to specific groups or nationalities, the most powerful ones are those that target humanity on a global scale. Of these, one of the most effective has been the stock market. Pretty much everyone is taught, and buys into the idea, that rising stock markets mean rising prosperity and a strong economy. Part of this has to do with the history of the Great Depression, which is primarily associated with crashing equity markets. The idea of a rising stock market equating to a healthy economy and shared prosperity; however, is in fact a myth. A very powerful and dangerous myth at that.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

With 1 in 3 Homes Unaffordable, Freddie Mac Prepares to Enter the Trailer Home Loan Market

I can’t say this is surprising. After all, with average peasants, I mean citizens, now priced out of the domestic housing market (Zillow recently showed 1 in 3 homes are unaffordable) due to billionaire financiers and foreign oligarchs buying up all real estate in cash purchases, American serfs now will find out where the “elites” … Read more

Crony Capitalist “Uncle” Warren Buffett Drives Company Profits Using Derivatives

As regular readers know all too well, there are few people in these United States that I find more disingenuous than the mainstream media celebrated, crony capitalist extraordinaire Warren Buffett.  The man who used to warn about trade deficits, the U.S. dollar’s vulnerable position and famously called the derivatives “weapons of mass financial destruction,” has become nothing more than a political stooge for the status quo ever since he was bailed out in the financial crisis.  So with the derivatives market bigger and more dangerous than ever, you’d expect “Uncle Warren” to be shouting from the rooftops about how much risk they pose right?  Wrong.  Rather, America’s number one crony is using derivatives to drive earnings at his company, Berkshire Hathaway, and pimping stocks on CNBC like a cheap used car salesman every other day.  From Bloomberg:

Berkshire Hathaway Inc. (BRK/A) said fourth- quarter profit rose 49 percent on gains tied to derivatives wagers made by billionaire Chairman and Chief Executive Officer Warren Buffett.

warren-0

Net income rose to $4.55 billion, or $2,757 a share, from $3.05 billion, or $1,846, a year earlier, Omaha, Nebraska-based Berkshire said today in a statement. Gains on derivatives surged to $1.4 billion from $163 million.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

What is the Deal with Crony Capitalists and Ice Cream Cones?

So today Warren Buffet and Berkshire Hathaway host their annual pilgrimage of automatons to the heartland of America to meet the country’s richest guy who is “just like you.”  Why is he just like you?  Because he eats hamburgers, drinks cherry coke and loves ice cream cones.  This just a day after his right hand … Read more