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Tuesday, 27 January 2009

The Collapse of Capitalism and the Safety Net of Gold

By Darryl Robert Schoon

For Ponzi schemes to succeed, they must expand faster than the request for redemptions. If they do not, they will collapse. This is what happened to Bernard L Madoff Investment Services, the largest Ponzi scheme in history. The same is about to happen to capitalism.

Although capitalism is not a Ponzi scheme, credit-based economies, sic capitalism, and Ponzi schemes share the same fatal flaw. Both must constantly expand or they are in danger of collapse. Today, because capitalist economies are no longer expanding, but contracting, their continued contraction will lead to collapse.

PUNDITS PUNDIDIOTS & PREDICTIONS

Dr. Philip Tetlock, author of Expert Political Judgment (Princeton University Press, 2005), has done remarkable work regarding the ability to accurately predict future events. In a highly disciplined scientific study, Dr. Tetlock had asked experts to predict future events and over 20 years analyzed their predictive accuracy and methodology of thinking.

Tetlock’s study concluded that experts are no better in predicting the future than anyone else; in fact, the better known the expert, often the lower the ability to accurately predict. Louis Menand’s review of Tetlock’s Expert Political Judgment in The New Yorker perhaps says it best:

..Tetlock claims that the better known and more frequently quoted they [experts] are, the less reliable their guesses about the future are likely to be. The accuracy of an expert’s predictions actually has an inverse relationship to his or her self-confidence, renown, and, beyond a certain point, depth of knowledge.

On March 2, 2007, Dr. Tetlock spoke to the Positive Deviant Network by speaker phone as he was unable to attend in person. Martha and I were in the audience along with other members of the PDN.

The previous day we had distributed my 148 page analysis of the US and global economy to the PDN. In How To Survive The Crisis And Prosper In The Process, The Time of the Vulture, I had predicted prices of US and global real estate would fall 40 to 70 % and the stock market 70 to 90 %, plunging the US and perhaps the world into another Great Depression.

At the time in the early spring of 2007, there was no evidence of an impending economic disaster. The next day when the feedback came back from the PDN, it was neither pleasant nor positive. Perhaps it was a variant of the “shoot the messenger” syndrome, but there was loud and vocal opposition to the dire economic predictions I had made.

Later that day, again by speaker phone, when PDN members were given the opportunity to engage in a dialogue with Dr. Tetlock, PDN member Dr. James Hardt, a neuroscientist and researcher on the effect of brain waves on human consciousness took the opportunity to say that he had read my economic analysis and found it remarkable.

The comment by Dr. Hardt was especially meaningful as Dr. Hardt had scored far higher than all other PDN members in both knowledge-based and predictive tests. The PDN experience underscored the fact that the truth—when unpleasant and predicted—is rarely welcome in any venue.

The reason why pundits are popular is not because they tell the truth. Pundits are popular because they tell people what they want to hear, the truth not withstanding. The unpleasant truth is that the truth when unpleasant has never been popular.

In the past, I would have laid the cause of America’s ignorance of economic issues at the foot of corporate and government interests who gain the most in today’s corrupt environment. But the truth is the present state of ignorance and corruption could not have occurred without the abiding and willing denial of the America people.

Americans themselves have chosen denial, sound bites and slogans over substantive discourse and understanding. While in the short term it has been easier to do than the alternative, i.e. to think, in the long term it will prove fatal.

The bill for collective denial and ignorance is coming due in America; and, when it is paid—as it will be—America will never be the same. Nor, will the world

THE LAST STAGE OF CAPITALISM AND PONZI FINANCE

Like Ponzi schemes, capitalist economies must constantly expand or they will collapse. This is because capitalism is a system wherein credit-based money has been substituted for real money, i.e. savings-based money such as gold and silver; and credit-based money soon turns into compounding debt.

The end of such systems has always been bankruptcy. When credit-based economies contract, governments, businesses and families are no longer able to pay the principal and compounding interest on their debt and economic collapse results.

The current system began when the Bank of England, England’s central bank, started issuing credit-based paper banknotes in place of gold and silver in 1694. This system was transferred by private bankers to America in 1913 in the form of the Federal Reserve Bank, the US central bank equivalent of the Bank of England.

The credit-based central bank system then spread after WWII to the rest of the world. As the credit-based system spread, so too did the resultant compounding debt and now, the day of reckoning for everyone has arrived.

WHY IS EVERYONE SURPRISED?

When credit-based capitalist economies contract, they are unable to pay and service previously incurred debt. This is now happening in the US, the UK, the EU and Japan. After economic contraction, corporate, individual and government bankruptcy comes next. After sustained economic contraction, systemic collapse occurs.

Alan Greenspan, the pundit’s pundit for much of the last three decades, presided over much of the expansion of global credit during and after the 1980s, an expansion that led to extraordinary and unsustainable levels of global debt.

The truth is levels of US debt have been untenable for much longer than we believe. Buckminster Fuller stated that the US was actually bankrupt in the 1930s, and that we have only postponed the realization of such and the inevitable day of reckoning by various forms of ledger sheet cheating.

While Alan Greenspan reigned as chief pundit for those who believed his economic prognostications to be true, the man who really understood our credit-based economy was Hyman Minsky, a little-known economist who, unlike Greenspan, happened to be right.

Hyman Minsky’s perhaps greatest contribution to the current economic dialogue is his “financial instability hypothesis”, which postulates that when capitalist systems mature, they became increasingly unstable.

Minsky’s theory did not sit well with those in government and Wall Street who presided over increasingly mature capitalist markets. They instead much preferred the more positive outlook of Alan Greenspan, “the thinking man’s Abby Joseph Cohen”, who publicly saw only a “bit of froth” as the greatest financial storm of the century, the next Great Depression, was brewing.

IF ALAN GREENSPAN WAS A CARDIOLOGIST ALL HIS PATIENTS WOULD BE DEAD

In Minsky’s “financial instability hypothesis”, the ability to pay the principal and interest on debt is the critical marker. There are three types of “units” in Minksy’s financial instability model, each type/unit more unstable than the previous.

The first type, hedge financing units, possess the ability to pay both principal and interest payments from existing cash flow. This is the optimal mode. The second type, speculative finance units, cannot repay principal payments but can meet their existing obligations by” rolling over” their debt.

The third type in Minsky’s model are Ponzi units which can only pay down debt by selling assets or by borrowing. This is the most common form of debt repayment today. This is because as per Minsky’s model, capitalist markets are now mature—perhaps overly mature and somewhat incontinent and beginning to smell—and have thus made the progression from hedge to speculative to Ponzi finance.

BERNARD MADOFF’S BROTHER SAM

In 1960, from the very beginning when Bernard Madoff first began soliciting money, the end of his scheme was destined. But because Bernard Madoff was unusually bright and capable, his Ponzi scheme lasted far longer and was far more successful than any such previous scam.

The same can be also said for the Ponzi scheme of Bernie’s brother, Sam, aka “Uncle Sam”. But unlike Bernie, Uncle Sam did not think up his scheme on his own. He was acting as the agent of the original schemers in England who realized that England’s economy was no longer expanding as it had previously in the 18th and 19th centuries.

So, in the early 20th century, in 1913, the original schemers convinced Uncle Sam to run the same scheme in America that had been so profitable to them in England. The scheme was capitalism, def. commerce in combination with capital markets founded on credit-based paper money issued from a central bank.

The scheme was to profit by indebting businesses, entrepreneurs, workers and savers and government and, as bankers, the schemers would get rich off the hard work, savings and productivity of others; and, in the US, their scheme worked as well as it had in England.

As the economy expanded and the nation became increasingly indebted, bankers became increasingly wealthy. It is no coincidence that the “financial services sector, sic the paradigm of parasites” recently comprised the largest share of both the UK and US economies, economies which correspondingly had the lowest rate of savings in the world.

It is also no coincidence that as the indebtedness of each nation grew the share of economic activity and the exorbitant salaries and bonuses of bankers grew as well. Unfortunately for the host and parasite in capitalist economies, there is a limit to how much a parasite can safely take from the host before the host dies, a limit only discovered after the process has gone too far.

In December 2008, the end came for Bernie’s Bernard L Madoff Investment Services. In 2009, the same will happen to his brother, Sam who is now using Ponzi finance to pay for US borrowing. In 2009 or some time shortly thereafter, the credit-based paper money scheme of bankers, sic capitalism, will bring down what but a few decades ago was the most powerful economy in the world, the United States of America. Uncle Sam, just like his brother Bernie, is toast.

“Look, they’re circling the wagons.”
“But we’re not in the circle.”
“Thought you would be?”

When wagon trains would come under attack, the wagon masters would “circle the wagons” for protection. Such is happening today as capitalism itself is now under attack.

What Americans are finding out, however, is that only the bankers are currently inside the circle—bankers are now the only ones being protected, the very ones responsible for the crisis in the first place. Observers and especially Americans might believe that something is wrong with this picture.

What they do not understand is that the picture is a perfect reflection of the power dynamic underlying capitalism. Bankers could not have accomplished their nefarious ends had they not first secured the full cooperation and protection of government.

This they did in England when they promised King William they would extend all the credit he wanted to wage his wars. This was replicated in the US when private bankers staged a midnight coup by passage of the Federal Reserve Act in 1913 which illegally transferred the right to issue money from government into the hands of private bankers.

This is the reason the US government has first protected the bankers, not the public, in this crisis. Bankers give government the unlimited credit that governments overspend, thereby indebting the nation and future generations into perpetuity. The US government bailout of bankers, TARP, is “owe-back” time.

The rest is history, or is about to become so. When people have their eyes shut and their minds closed, they will not see nor understand what is happening to them. Trust me on this, although many will not understand what is about to happen, it will not prevent it from happening.

What we are about to experience is an economic tragedy in personal terms that will exceed anything in recent memory. Even the Great Depression of the 1930s will not equal what is now about to be; and those who thought their adherence to a belief system about God was faith are now about to find out the difference.

IGNORANCE DENIAL CONSEQUENCES

Uncle Sam is now engaged in the same activity that caused Bernie’s investors so much trouble, the use of Ponzi finance to pay bills. It is estimated that the US deficit may increase this year by two trillion dollars. As recently as 1980, the total US debt after 200 years was only $980 billion dollars.

Now, 28 years later, US indebtedness will probably exceed $12 trillion, a very, very large sum—unless of course it is not going to be paid back. The truth is all countries are now running deficits and all major economies have determined that extraordinary levels of fiscal stimulus are needed to avert a global deflationary collapse.

Where is all the money going to come from? While some economic answers are difficult to come by, the answer to that question is very simple. The currencies of all countries are now fiat, meaning they are but paper coupons printed at will by their governments.

The answer is: Governments will print the money they need.

It is said that Fed Chairman Ben Bernanke studied the Great Depression and concluded the road not taken was the correct answer to what would have prevented the Great Depression, that infinite liquidity could have prevented the deflationary collapse if made available in time.

Ben Bernanke’s answer closely resembles that which would be given by a focus group of New York heroin addicts, that only an unlimited and immediate supply of heroin would offset the irreparable pain and harm that would otherwise result if nothing is done.

HELICOPTER BEN IS AFFECTIONATELY KNOWN AS
NEEDLE BEN TO THE CREDIT JUNKIES ON WALL STREET

THE EXPIRATION DATE WRITTEN IN INVISIBLE INK
ON PAPER MONEY WILL BE DETERMINED BY
THE SPEED OF THE PRINTING PRESSES

When will the yen go to zero?
When will the dollar disintegrate?
When will the pound become worthless?
When will the time be too late?

Listen to the speed of the presses
As money is made overnight
The faster the presses are running
The closer the time will be for flight

But no one can tell the hour
When money will lose its worth
For the future is still too cloudy
And tomorrow’s yet to be birthed.

But the day is coming so trust me
Don’t trust the money they print
Whether a dollar a euro or peso
It ain’t comin’ out of a mint

It’s printed with ink on some paper
But it used to be silver or gold
When money was more than a promise
Not a fraud that we’ve been sold

THE PRINTING PRESSES ARE RUNNING

This process has already begun. M1, the measure of “narrow money aggregates”, the amount of cash and coins in circulation and in overnight deposits has been rising in the past six months.

M-3, the broadest measure of monetary aggregates is no longer made public by the US government. But M-3 will explode upwards as governments seek to provide even more credit to deflating markets, a fact the US government does not want known.

M-1, NARROW MONEY AGGREGATES
13 WEEK RATE-OF-CHANGE. US FEDERAL RESERVE

Week ending June 9, 2008 - 0.1 %
Week ending July 28, 2008 + 2.9 %
Week ending Aug 25, 2008 + 6.2 %
Week ending Sept 29, 2008 + 8.8 %
Week ending Oct 27, 2008 +14.8 %
Week ending Nov 24, 2008 +22.6 %
Week ending Dec 29, 2008 +32.2 %

Ben Bernanke’s antidote to a US deflationary depression may well result in hyperinflation. Hyperinflation will spell the end of the US currency because hyperinflation removes all remaining vestiges of confidence in paper money.

Confidence is the essential ingredient in the global con game called capitalism now being run by bankers and their unwitting co-conspirators in government, a game that is now about to end.

In the near future, paper money will become increasingly worthless as all governments increase the printing of their respective currencies hoping to prevent deflationary forces from progressing. Governments will be helpless to do so but this will only cause more money to be printed in the futile hope of containing that which cannot be contained.

No experiment with paper money has every worked. The primary intent has always been to spend what does not exist. This underlying intent will in the end destroy whatever paper money has built in the interim.

Were it not for the safety concerns about the ink used in the printing of paper money, in the future the best use for paper money would be as toilet paper—of course, the quality of the paper would have to be much improved in order to gain wider acceptance.

FREEDOM VERSUS FRAUD A CRASH COURSE IN THE AUSTRIAN SCHOOL OF ECONOMICS

Bernard Madoff’s fraud lasted 48 years and took in $50 billion. However, the monetary fraud perpetrated by bankers in collusion with government has lasted far longer and has taken in far more than Bernie’s home grown Ponzi scheme—and the pain and losses will be commensurately greater as well.

Ludwig von Misis, Carl Menger, Eugen von Böhm-Bawerk, and Friedrich Hayek are the best known proponents of the Austrian School of Economics. Like Hyman Minsky, they are not as well known as John Maynard Keynes, Milton Friedman and Alan Greenspan. The reason being is that they served the truth whereas Keynes, Friedman and Greenspan served power.

From Wikipedia:

Austrian School economists advocate the strict enforcement of voluntary contractual agreements between economic agents, the smallest possible imposition of coercive (especially government-imposed) commercial transactions and the maximum openness to individual choice (including free choice as to the voluntary means of exchange).

What most do not understand is that today’s markets are not free. Believing they are free and being told it is so is not the same as being so. Government intervention occurs no less in today’s capitalist markets than it did in yesterday’s communist markets. The only difference being method and subtlety.

The manipulation of the gold price, intervention in foreign exchange markets, the raising and lowering of interest rates, the use of tax incentives to promote/distort economic activity are all signs of government intervention. Compared to communism, capitalist markets indeed appear free. Compared to free markets, capitalism is a rigged game.

GOLD MODERN ECONOMICS AND THE TRUTH

We are now approaching the end-game, the resolution of past economic sins that cannot be banished by government intervention. Indeed, it is government intervention at the direction of bankers that caused today’s problems. More of the same will only result in more of the same.

The bankers’ scam could not have happened had not King William allowed England’s bankers to replace England’s gold and silver coins with paper bank notes in 1694. Capitalism’s resultant empire known first as imperialism and later as globalization lasted 315 years. It is now about to end.

As paper currencies increasingly lose value, the price of gold and silver will rise. As those in government know all too well, gold and silver move inversely to the value of paper assets in fiat systems.

Economics is not rocket science and neither is fraud. But “modern economics” is a misnomer, modern economics is a monetary fraud clothed in the guise of free markets. If you truly want to be free, this is something you might want to think about—that is, if you want to think.

Lies will seek you out, but the truth must be sought.

Faith, gold and silver will be priceless in the days ahead.

Darryl Robert Schoon

1 comment:

Anonymous said...

Sometimes, I wonder why I bother fighting so hard for the little guy. Whats the point if they are too stupid to listen? Say that reminds me.

Amazing. The worst economic and cultural crisis of all time will go down in history horribly misunderstood. What a pathetic bunch of ignorant fools we have become. Consumer junkie credit card morons. Perfect little victims.

Don’t believe one optimistic word from any public figure about the economy or humanity in general. They are all part of the problem. Its like a game of Monopoly. In America, the richest 1% now hold ALMOST 1/2 OF ALL UNITED STATES WEALTH. Unlike ‘lesser’ estimates calculated and spun low by our sold-out government and the greedy pigs they cater to, this includes all stocks, bonds, cash, offshore accounts, and material assets held by America’s richest 1%. Even that filthy pig Oprah Winfrey acknowledged that it was near 50% in 2006. Naturally, she put her own ‘humanitarian’ spin on it. Calling attention to her own ‘good will’. WHAT A DISGUSTING SELF-CENTERED SELF-PROMOTING HYPOCRITE SLOB. THE RICHEST ONE PERCENT HAVE LITERALLY MADE WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. Don’t fall for any of their 'good will' ‘humanitarian’ CRAP. ITS A SHAM. THESE PEOPLE ARE CAUSING THE SAME PROBLEMS THEY PRETEND TO CARE ABOUT. THE EQUATION THEY STAND FOR ABSOLUTELY CAN NOT WORK. Ask any professor of economics. Money does not grow on trees. The government can’t just print up more on a whim. There are serious concequences for doing so. Regardless, there is always a relative limit to the wealth within ANY economy of ANY size. So when too much wealth accumulates at the top, the currency looses value, the middle class slip further into debt and the lower class further into poverty. A similar rule applies worldwide. The world’s richest 1% now own over 40% of ALL WORLD WEALTH. This is EVEN AFTER you account for all of this ‘good will’ ‘humanitarian’ BS from celebrities and executives. ITS A SHAM. As they get richer and richer, less wealth is left circulating beneath them. This is the single greatest underlying cause for the current US recession. The middle class can no longer afford to sustain their share of the economy. Their wealth has been gradually transfered to the richest 1%. One way or another, we suffer because of their incredible greed. We are talking about TRILLIONS of dollars which have been transfered FROM US TO THEM. All over a period of about 27 years. Thats Reaganomics for you. The wealth does not ‘trickle down’ as we were told it would. It just accumulates at the top. Shrinking the middle class and expanding the lower class. Causing a domino effect of socio-economic problems. But the rich will never stop. They just keep getting richer. Leaving even less of the pie for the other 99% of us to share. At the same time, they throw back a few tax deductible crumbs and call themselves ‘humanitarians’. Cashing in on the PR and getting even richer the following year. IT CAN’T WORK THIS WAY. Their bogus efforts to make the world a better place can not possibly succeed. Any ‘humanitarian’ progress made in one area will be lost in another. EVERY SINGLE TIME. IT ABSOLUTELY CAN NOT WORK THIS WAY. This is going to end just like a game of Monopoly. The current US recession will drag on for years and lead into the worst US depression of all time. The richest 1% will live like royalty while the rest of us fight over jobs, food, and gasoline. So don’t fall for any of this PR CRAP from Hollywood, Pro Sports, and Wall Street PIGS. ITS A SHAM. Remember: They are filthy rich EVEN AFTER their tax deductible contributions. Greedy pigs. Now, we are headed for the worst economic and cultural crisis of all time. Crime, poverty, and suicide will skyrocket. SEND A “THANK YOU” NOTE TO YOUR FAVORITE MILLIONAIRE. ITS THEIR FAULT. I’m not discounting other factors like China, sub-prime, or gas prices. But all of those factors combined still pale in comparison to that HUGE transfer of wealth to the rich. Anyway, those other factors are all related and further aggrivated because of GREED. If it weren’t for the OBSCENE distribution of wealth within our country, there never would have been such a market for sub-prime to begin with. IF IT WEREN’T FOR THE OBSCENE, UNREASONABLE, AND UNJUST DISTRIBUTION OF UNITED STATES WEALTH, THERE NEVER WOULD HAVE BEEN SUCH A MARKET FOR SUB-PRIME AND THERE NEVER WOULD HAVE BEEN A COLLAPSE IN THE HOUSING MARKET. Sub-prime did not cause the problem. It only accelerated the outcome. Which by the way, was another trick whipped up by greedy bankers and executives. IT MAKES THEM RICHER. The credit industry has been ENDORSED by people like Oprah Winfrey, Ellen DeGeneres, Dr Phil, and many other celebrities. IT MAKES THEM RICHER. In fact, they specifically endorsed Countrywide by name. The same Countrywide widely responsible for predatory adjustable rate sub-prime lending and the accelerated collapse of the housing market. ENDORSED BY OPRAH WINFREY, ELLEN DEGENERES, AND DR PHIL. Now, there are commercial ties between nearly every industry and every public figure. IT MAKES THEM RICHER. It also drives up the cost for nearly every product and service on the market. So don’t fall for their ‘good will’ BS. ITS A LIE. If you fall for it, then you’re a fool. If you see any real difference between the moral character of a celebrity, politician, attorney, or executive, then you’re a fool. No offense fellow citizens. But we have been mislead by nearly every public figure. We still are. Even now, they claim to be ‘hurting’ right along with the rest of us. As if gas prices actually effect the lifestyle of a millionaire. ITS A LIE. IN 2007, THE RICHEST 1% INCREASED THEIR AVERAGE BOTTOM LINE WEALTH AGAIN. On average, they are now worth over $4,000,000 each. Thats an all time high. As a group, they are now worth well over $17,000,000,000,000. THATS WELL OVER SEVENTEEN TRILLION DOLLARS. Another all time high. Which by the way, is much more than the entire middle and lower classes combined. Also more than enough to pay off our national debt, fund the Iraq war for a decade, repair our infrastructure, and bail out the US housing market. Still think that our biggest problem is China? Think again. Its the one percent club. That means every big name celebrity, athlete, executive, entrepreneur, developer, banker, and lottery winner. Along with many attorneys, doctors, and politicians. If they are rich, then they are part of the problem. Their incredible wealth was not ‘created’, ‘generated’, grown in their back yard, or printed up on their command. It was transfered FROM US TO THEM. Directly and indirectly. Its become near impossible to spend a dollar without making some greedy pig even richer. Don’t be fooled by the occasional loss of a millionaire’s fortune. Overall, they just keep getting richer. They absolutely will not stop. Still, they have the nerve to pretend as if they care about ordinary people. ITS A LIE. NOTHING BUT CALCULATED PR CRAP. WAKE UP PEOPLE. THEIR GOAL IS TO WIN THE GAME. The one percent club will always say or do whatever it takes to get as rich as possible. Without the slightest regard for anything or anyone but themselves. Reaganomics. Their idea. Loans from China. Their idea. NAFTA. Their idea. Outsourcing. Their idea. Downsizing. Their idea. Sub-prime. Their idea. High energy prices. Their idea. Oil ‘futures’. Their idea. Obscene health care charges. Their idea. The commercial lobbyist. Their idea. The multi-million dollar lawsuit. Their idea. The multi-million dollar endorsement deal. Their idea. $200 cell phone bills. Their idea. $200 basketball shoes. Their idea. $30 late fees. Their idea. $30 NSF fees. Their idea. $20 DVDs. Their idea. $50 event tickets. Their idea. $30 books. Their idea. $400 PC operating systems. Their idea. $60 video games. Their idea. Subliminal advertising. Their idea. Brainwash plots on TV. Their idea. Vioxx, and Celebrex. Their idea. Excessive medical testing. Their idea. The MASSIVE campaign to turn every American into a brainwashed, credit card, pharmaceutical, medical testing, love-sick, celebrity junkie. Their idea. IT WAS ALL THEIR IDEA. IT MAKES THEM RICHER. All of the above drive up the cost of living, shrink the middle class, concentrate the world’s wealth and resources, create a domino effect of socio-economic problems, and wreak havok on society. All of which have been CREATED AND ENDORSED by celebrities, athletes, executives, entrepreneurs, attorneys, and politicians. IT MAKES THEM RICHER. So don’t fall for any of their ‘good will’ ‘humanitarian’ BS. ITS A SHAM. NOTHING BUT TAX DEDUCTIBLE PR CRAP. In many cases, the ‘charitable’ contribution is almost entirely offset. Not to mention the opportunity to plug their name, image, product, and ‘good will’ all at once. Which is usually done just before or after the release of their latest commercial project. IT MAKES THEM RICHER. These filthy pigs even have the nerve to throw a fit and spin up a misleading defense with regard to ‘federal tax revenue’. ITS A SHAM. THEY SCREWED UP THE EQUATION TO BEGIN WITH. If the middle and lower classes had a greater share of the pie, they could easily cover a greater share of the federal tax revenue. They are held down in many ways because of greed. Wages remain stagnant for the majority because the executives, celebrities, athletes, attorneys, politicians, and entrepreneurs, are paid millions. They over-sell, over-charge, under-pay, outsource, cut jobs, and benefits to increase their bottom line. As their profits rise, so do the stock values. Which are owned primarily by the richest 5%. As more United States wealth rises to the top, the middle and lower classes inevitably suffer. This reduces the potential tax reveue drawn from those brackets. At the same time, it wreaks havok on middle and lower class communities and increases the need for financial aid. Not to mention the spike in crime because of it. There is a domino effect to consider. IT CAN’T WORK THIS WAY. But our leaders refuse to acknowledge this. Instead they come up with one trick after another to milk the system and screw the majority. These decisions are heavily influensed by the 1% club. Every year, billions of federal tax dollars are diverted behind the scenes back to the rich and their respective industries. Loans from China have been necessary to compensate in part, for the red ink and multi-trillion dollar transfer of wealth to the rich. At the same time, the feds have been pushing more financial burden onto the states who push them lower onto the cities. Again, the hardship is felt more by the majority and less by the 1% club. The rich prefer to live in exclusive areas or upper class communities. They get the best of everything. Reliable city services, new schools, freshly paved roads, upscale parks, ect. The middle and lower class communities get little or nothing without a raise in basic service charges or local tax increase. Which, they usually can’t afford. So the red ink flows followed by service cuts and lay-offs. All because of the OBSCENE distribution of bottom line wealth in this country. Anyway, when you account for all federal, state, local taxes, and fees, the middle class actually pay about the same rate as the rich. The devil is in the details. So when people forgive the rich for their incredible greed and then praise them for paying a greater share of the FEDERAL income taxes, its like nails on a chalk board. I can not accept any theory that our economy would suffer in any way with a more reasonable distribution of wealth. Afterall, it was more reasonable 30 years ago. Before Reaganomics came along. Before GREED became such an epidemic. Before we had an army of over-paid executives, bankers, celebrities, athletes, attorneys, doctors, investors, entrepreneurs, developers, and sold-out politicians to kiss their asses. As a nation, we were in much better shape. Strong middle class, free and clear assets, lower crime rate, more widespread prosperity, stable job market, lower deficit, ect. Our economy as a whole was much more stable and prosperous for the majority. WITHOUT LOANS FROM CHINA. Now, we have a more obscene distribution of bottom line wealth and resources than ever before. We have a sold-out government, crumbling infrastructure, energy crisis, home forclosure epidemic, credit crunch, weak US dollar, 13 figure national debt, and 12 figure annual shortfall. The cost of living is higher than ever before. Most people can’t even afford basic health care. ALL BECAUSE OF GREED. I really don’t blame the upper class in general. At least not as a group and not without exception. No economy could ever function without some reasonable scale of personal wealth and income. But it can’t be allowed to run wild like a mad dog. ALBERT EINSTEIN TRIED TO MAKE PEOPLE UNDERSTAND. UNBRIDLED CAPITALISM ABSOLUTELY CAN NOT WORK. TOP HEAVY ECONOMIES CAN NOT BE SUSTAINED. THEY ALWAYS COLLAPSE. Bottom line: The richest 1% will soon tank the largest economy in the world. It will be like nothing we’ve ever seen before. The American dream will be shattered. and thats just the beginning. Greed will eventually tank every major economy in the world. Causing millions to suffer and die. Oprah, Angelina, Brad, Bono, and Bill are not part of the solution. They are part of the problem. THERE IS NO SUCH THING AS A MULTI-MILLIONAIRE HUMANITARIAN. EXTREME WEALTH MAKES WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. WITHOUT WORLD PROSPERITY, THERE WILL NEVER BE WORLD PEACE OR ANYTHING EVEN CLOSE. GREED KILLS. IT WILL BE OUR DOWNFALL. Of course, the rich will throw a fit and call me a madman. Of course, they will jump to small minded conclusions about ‘jealousy’, ‘envy’, or ’socialism’. Of course, their ignorant fans will do the same. You have to expect that. But I speak the truth. If you don’t believe me, then copy this entry and run it by any professor of economics or socio-economics. Then tell a friend. Call the local radio station. Re-post this entry or put it in your own words. Be one of the first to predict the worst economic and cultural crisis of all time and explain its underlying cause. WE ARE IN BIG TROUBLE.

So what can we do about it? Well, not much. Unfortunately, we are stuck on a runaway train. The problem has gone unchecked for too many years. The US/global depression is comming thanks to the 1% club. It would take a massive effort by the vast majority to prevent it. Along with a voluntary sacrifice by the rich. THATS NOT GOING TO HAPPEN. But if you believe in miracles, then spend your money as wisely as possible. Especially in middle and lower class communities. Check the Fortune 500 list and limit your support of high profit/low labor industries (Hollywood, pro sports, energy, credit, pharmaceutical, cable, satelite, internet advertising, video, and music, cell phone, high fashion, jewelry, ect.). Cancel all but one credit card for emergencies only. Call the provider and demand a lower rate. Be persistent. You may get it. If you need a cell phone, then do your homework and find the best deal on a local pre-pay. If you want home internet access, then use the least expensive provider, and share accounts whenever possible. If you need to search, then use the less popular search engines. They usually produce the same results anyway. Don’t click on any internet ad. If you need the product or service, then look up the phone number or address and contact that business directly. Don’t pay to see any blockbuster movie. Instead, wait a few months and rent the DVD from a local store or buy it USED. Then loan it to a friend or family member. If you prefer the outing, then choose a film produced by the lesser known studeos with lower paid actors. If you want to see a big name game or event, then watch it in a local bar, club, or at home on network TV. Don’t buy any high end official merchendise and don’t support the high end sponsors. If its endorsed by a big name celebrity, then don’t buy it. If you can afford a new car, then make an exception for GM, Ford, and Dodge. If they don’t increase their market share soon, then a lot more people are going to get screwed out of their pensions and/or benefits. Of course, you must know by now to avoid those big trucks and SUVs unless you truly need one for its intended purpose. Don’t be ashamed to buy a foreign car if you prefer it. Afterall, those with the most fuel efficient vehicles consume a lot less foreign oil. Which accounts for a pretty big chunk of our trade deficit. Anyway, the global economy is worth supporting to some extent. Its the obscene profit margins, trade deficits, and BS from OPEC that get us into trouble. Otherwise, the global economy would be a good thing for everyone. Just keep in mind that the big 3 are struggling and they do produce a few smaller reliable cars. Don’t frequent any high end department store or any business in a newly developed upper class community. By doing so, you make developers richer and draw support away from industrial areas and away from the middle class communities. Instead, support the local retailer and the less popular shopping centers. Especially in lower or middle class communities. If you can afford to buy a home, then do so. But go smaller and less expensive. Don’t get yourself in too deep and don’t buy into the newly developed condos or gated communities. Instead, find a modest home in a building or neighborhood at least 20 years old. If you live in one of the poorer states, then try to support its economy first and foremost. Be on the lookout for commercial brainwash plots on TV. They are written into nearly every scene of nearly every show. Most cater to network sponsors and parent companies. Especially commercial health care. In particular, high profit pharmaceuticals and excessive medical testing. DON'T FALL FOR IT. Get off the couch and take care of your body the way nature intended. There is no substitute. If you must see a doctor then DEMAND that he/she give you more than 5 minutes of their undivided attention. Otherwise, dispute their unreasonable charges. Be prepared with written questions about your condition and get them answered one at a time. If they refuse, then dispute their unreasonable charges. If they prescribe excessive medical testing and find nothing new or signifigant, then dispute their unreasonable charges. If they prescribe a pharmaceutical, then ask for a generic. Better yet, concider a change in lifestyle or simple tolerance. If they still recommend the name brand pharmaceutical, then ask about any financial ties or conflict of interest. If they get offended, then dispute their unreasonable charges and consider a new doctor. If you must drug away your sniffles, aches, and pains, then at least do your homework. Be aware of the possible side-effects ahead of time. Don't be surprised to find yourself back a week or two later feeling worse. In which case, you should dispute their unreasonable charges. If you are diagnosed with another medical condition, then ask your doctor what he/she has done to rule out those possible side-effects. Otherwise, dispute their unreasonable charges. Don't let any greedy doctor treat you like a number, make you wait an hour, or rush you out of their office. Otherwise, dispute their unreasonable charges. Don't fall for this CRAP that doctors have no choice but to over-book their time or over-charge their patients because of high overhead. ITS A LIE. YOUR DOCTOR IS MOST LIKELY A MULTI-MILLIONAIRE. So don't fall for their CRAP. Demand their undivided attention and respect. Afterall, they took an oath. Do all of the above regardless of your coverage. Don't force your employer to cover the obscene and often fraudulent charges of a corrupt health care industry. Keep your guard up when watching ANY talk show. These people are not your friends. They are paid actors hired for their ability to plug network sponsors, coorporate partners, and parent companies. Nearly every segment is about marketing some over-priced product or service. Big business is fine on occasion depending on their ethics, profit margins, and profit sharing. Do your homework. If you want to support any legitimate charity, then do so directly. Never support any celebrity foundation. They spend most of their funding on PR campaigns, exotic travel, and high end accomodations for themselves. Thats right. Filthy rich public figures have been jet-setting the world in the name of 'humanity' for years. Riding in personal jets, staying in super-exclusive resorts, and living it up in exotic locations around the world the likes of which most people could never afford even if their lives depended on it. They bring along agents, advisors, publicists, hair, make-up, wardrobe, lighting, and photo crews who are also in it for themselves. They are paid six figures for their ability to schedule, manage, document, showcase, praise, and publicize the 'good will' of said public figures and their respective industries. Every possible expense is passed of as 'incidental' or 'necessary' and billed right back to some 'foundation' named after said public figure and/or respective industry. Every possible tax deduction is claimed. Which are incredibly vague and diverse thanks to our sold-out government. Deals are cut with major networks who agree to praise the 'humanitarian' effort of said public figures and plug their latest commercial project. Others from around the world pick up the story and save these industries billions in advertising every year. Resulting in higher profits and paychecks for the 1% club. When its all said and done more wealth is transfered from poor to rich. NOT the other way around. So don't support any charity named after a living celebrity. Don't be fooled by any affiliation or inspired by any short term short sighted progress report. Instead, go to Charitywatch.org and look up a top rated charity to support your favorite cause. Its all there. For example: 'Habitat For Humanity' is a top rated charity. They operate with a low overhead, volunteer workforce, and donated materials. They have built homes for the less fortunate in nearly every city nationwide. Including New Orleans. They do so as we speak. No similar effort can match their progress hour for hour or dollar for dollar. So there is no legitimate reason to support a slower, less efficient effort represented by a filthy rich Hollywood actor who flies in on a personal jet, takes most of the credit, and makes a deal with a major network for plugs just days before the premier of his latest film or DVD release. By doing so, you support not only the effort, but also the filthy rich actor. Concentrating more wealth and dumbing down our society further in the process. Instead, support 'Habitat For Humanity'. Its not perfect. It is affiliated with some big business. However, it is MUCH more efficient, effective, and less corrupt than 'Make It Right'. The difference is profound. In general, support the little guy as much as possible and the big guy as little as possible. Keep your own greed in check. Don't play the lottery and don't invest only for profit. If you do come into a fortune, then give away the bulk of it to others who have far less. Find the courage and do it. STAY OUT OF THE 1% CLUB. Encourage others to do the same. Their standard is obscene, unjust, illogical, and immoral. There is no excuse for it. Do your part to reverse the transfer of wealth away from the rich and back to the middle and lower classes. Otherwise, there will be no economic recovery EVER. Unfortunately, there is no perfect answer. Jobs will be lost either way. Families will go cold and hungry either way. Innocent children will starve and die either way. But we need to support the largest group of workers with the most reasonable profit margins. We need to stand for a more reasonable distribution of income, bottom line wealth, and resources. We also need to support LEGITIMATE charities (Check that list at Charitywatch.org). This is our only chance to limit the severity or duration of the comming US/global depression. In the meantime, don’t listen to Bernanke, Paulson, Bartiromo, Orman, Dobbs, Kramer, Pickens, Larson, OReiley, Bruce, Inghram, or any other public figure with regard to the economy. They are all plenty smart but I swear to you that they will lie right through their rotten teeth. IT MAKES THEM RICHER. These people work for big business. The ‘experts’ they cite also work for big business. They are all motivated by their desire to accumulate more wealth. THEY WILL LIE RIGHT THROUGH THEIR ROTTEN TEETH. So don’t fall for their tricks. Instead, look at the big picture. The economic problems we face have been mounting for well over 20 years. All of them caused or aggrivated by a constant transfer of wealth from poor to rich. Soon, it will cause the first ever GLOBAL DEPRESSION. Its not brain surgery. For the mostpart, Its simple math. Like I said, you are welcome to copy this entry and run it by any professor of economics or socio-economics. If thats not good enough, then look up what Albert Einstein had to say about greed, extreme wealth, and its horrible concequences. I speak the truth. GREED KILLS. IT WILL BE OUR DOWNFALL.

Its already underway. A massive campaign to divert our attention. Trump, Buffet, OReiley, Dobbs, Pickens, Norris, and several other well known filthy rich public figures have been running their mouths about the economy. Finally admitting a hint of severity after almost 2 years of denial. They even have the nerve to acknowledge the possibility of a US/global depression. Still, they refuse to acknowledge the single greatest underlying cause. Instead, they focus on policies, procedures, and circumstances that were born FROM the underlying cause. Dancing their way around the big picture. DON'T FALL FOR IT. Remember: Our national debt was way up BEFORE sub-prime. Consumer debt was way up BEFORE sub-prime. The cost of living was up BEFORE sub-prime. Wall Street profits were obscene BEFORE sub-prime. The middle class were loosing free and clear assets BEFORE sub-prime. Our infrastructure was in bad shape BEFORE sub-prime. Loans from China were taken out BEFORE sub-prime. The dollar was loosing value BEFORE sub-prime. So don’t let these cowardly filthy rich public figures divert your attention or limit your range of thought. THE CURRENT ECONOMIC CRISIS WAS NOT CAUSED BY A SINGLE POLICY OR PROCEDURE. IT WAS CAUSED PRIMARILY BY A MASSIVE TRANSFER OF WEALTH FROM POOR TO RICH. THIS ALSO REPRESENTS A MASSIVE CONCENTRATION OF CAPITAL WORLDWIDE. OTHERWISE, THERE WOULD NOT HAVE BEEN SUCH A MARKET FOR SUB-PRIME AND THERE WOULD NOT HAVE BEEN A GLOBAL CREDIT CRUNCH. MONEY DOES NOT GROW ON TREES AND IT DOES NOT JUST FLOAT AWAY. IT ONLY TRANSFERS FROM ONE PARTY TO ANOTHER. ALBERT EINSTEIN TRIED TO MAKE PEOPLE UNDERSTAND. GREED KILLS. IT WILL BE OUR DOWNFALL.

A word for those who respond with the usual ‘I know more than you. I spell better than you. I talk like an economist. Look how smart, knowledgable, and articulate I am’ crap. Let me say this in advance. I don’t claim to be an expert in this field. But I did go on record with these predictions long before any public figure uttered the word ‘recession’. I've done so 'on the air' and 'online'. Millions of you already know my voice. My first call was in September of '05'. I tried to explain that we will never have world peace without world prosperity and that we will never have world prosperity without a 'fair and reasonable pay-scale'. I also tried to explain the link between 'extreme wealth' and 'extreme poverty'. My call was immediately followed by attacks from so called 'patriots' who felt that my cause must have been to promote 'socialism' or 'bring down America'. Not warn her citizens. You may also remember me from chat rooms criticizing the 1% club and Hollywood humanitarians in particular. If you search long enough, you will find my early postings online from ‘05' and ‘06'. At first, they were written specifically to fit within a few hundred characters. Including the first draft of this rant. It started with one short paragraph predicting a 'total collapse of the US economy'. Others included phrases like 'game of Monopoly', 'recession is inevitable', 'global recession', 'greed kills', and 'the worst economic and cultural crisis of all time'. Some of which were eventually included here. From day 1, I have tried to explain the link between extreme wealth, poverty, and economic instability. My internet account was eventually cancelled for posting 'spam' in response to articles about the economy. In December of '06', I predicted market instability by spring of the following year. I did so 'on the air'. In January of '07', I called another morning talk show and spoke with a guest host who was filling in for a well known public figure. Again, I specifically predicted growing market instability, the current US recession, and the subsequent US/global depression.Which by the way, will be the worst of all time by far. In February of '07', Allen Greenspan acknowledged a 'one in three' chance of a US recession. I immediately called another talk radio show and guranteed AGAIN that it was iminent. I criticized Greenspan and tried to explain that it was not about 'odds' but instead a very simple equation with regard to distribution of income and wealth. I also gave credit to Albert Einstein who went on record with similar views in 1949. As far as I know, he was the first to do so. By late spring of '07', the market was rattled and the economic 'stimulus' in the works. Which turned out to be around $160,000,000,000. THATS ONE HUNDRED AND SIXTY BILLION DOLLARS. Well over 1% of our GDP. Deemed appropriate at the time by our leaders. In fact, Bush went on record with a claim that it was based on a mathematical formula and proven strategy. They said it would work. I immediately predicted that it would have little or no effect. By summer of '07' the stock market was more unstable. The housing market in decline. Again, I predicted that it would get MUCH worse. In September of '07', I predicted that our government would have no choice but to acknowledge a US recession by October of '08'. I also assured the audiance that our economy would "go down in a ball of flames" because of greed and that no recovery would EVER take place without a more reasonable distribution of wealth and resources. I have made these predictions 'on air' and 'online' literally hundreds of times. The first call was in September of '05'. Made to a well known public figure with a large audiance. The first blog post a month or so later. Prior to that, I had never even seen one. In fact, my very first post to a blog was written specifically to warn my fellow citizens about the comming US/global depression. Which I was already convinced at the time would be SEVERE within a decade. That was in October of '05'. At the time, there were literally only a few of us worldwide posting any such prediction online. I'm talking maybe a dozen searchable links. This particular rant began with one short paragraph in '06'. Like the others, it was originally intended to fit within a few hundred characters. At the time, I was unaware of any blogs which allowed for longer entries to be posted anonymously. This paragraph was first written in early-mid '08'. Its been updated several times. There has also been a running debate on iVillage.com which began in October of '07' (don't click on their ads). In February or March of '08', I refered specifically to the bank failures of the Great Depression and predicted that it was about to happen again. At the time, I was one of only a few worldwide to go on record with any such prediction. This was still several weeks to months before Greenspan, Paulson, Bartiromo, Orman, Kramer, O'Reiley, Larson, Bohanen, Dobbs, Celeste or any other well known public figure had acknowledged even a hint of severity. It was also several weeks before Fanny May and Freddie Mac made the news. I also predicted in March that our markets would end the year much lower than they began. Which was still contrary to what we were being told by any public figure. I was allowed to post but when my predictions came true, the site operators went back all the way to October of '07' and deleted nearly every one of my previous entries (they missed a few.). Their motive was obvious. They wanted to 'erase' my credibility. IVillage.com is directly affiliated with NBC, GE, Universal Studeos, Countrywide, CityBank, Capital One, Oprah Winfrey, Angelina Jolie, Brad Pitt, Ellen Degeneres, Dr Phil, and others who I persecute by name. All of which depend on the constant dumbing down of society. All of whom are partially responsible for the current economic crisis. None of which or whom have the GUTS to acknowledge the single greatest underlying cause. GREED. In fact, those who epitomoze it (all of the above) want my big mouth SHUT. For 3 solid years, I have been ripping on the 1% club for their incredible greed and hypocrisy. From day 1, my call has been for a more reasonable distribution of income, wealth, and resources. My warning that without it, we would face the worst economic and cultural crisis of all time. Since then, I’ve gone on record against people like Greenspan, Bernanke, Paulson, Laffer, O'Reiley, Bartiromo, Orman, Kramer, Larson, and Dobbs. So far, my predictions have been accurate. The public figures DEAD WRONG. Afterall, not one of them acknowledged even a hint of severity in '05', '06', or '07'. When they FINALLY did this year, they all said something to the effect of "None of us saw this comming.". LIARS. There were a few of us typing our fingers to the bone trying to warn people. There were a few of us calling talk radio shows almost daily trying to warn people. I was one of them. Again, I don't claim to be an expert in this field. But I do understand simple equations, basic economics, and cultural trends. I also realize that mainstream views are DEAD WRONG and based on LIES told by filthy rich public figures who will say whatever it takes to serve their own interests. GREED. Afterall, what kind of incredible MORON could even glance at the numbers and somehow think the equation could work? What kind of incredible MORON could possibly hope to sustain an economy based on a constant transfer of wealth from poor to rich? What the hell did they expect to happen when the middle class finally ran low on money to spend on over-priced crap like everything that I mentioned in that first long paragraph? What the hell were they thinking of? I'll tell you what. RICHES. FILTHY STINKING RICHES. Thats what. Now, they are spinning themselves dizzy trying to divert our attention. Mark my words: They will never acknowledge the downside of their own incredible greed. They will all come up with one campaign after another to blame the other guy, the other administration, the other politician, the other party, the other policy, the other industry, the other country, ect. Whatever it takes to dumb down our society. They will NEVER have the GUTS to acknowledge the single greatest underlying cause for this global economic crisis. GREED. Its not their knowledge I question. Its their character. GREED. Like I said. This is not brain surgery. For the mostpart, its simple math. When you concentrate the world’s wealth, you also concentrate its capital, and shrink the middle class along with the potential market for every major industry. Homes go unsold. Bills go unpaid. Jobs are lost. Banks fail. More products go unsold. More jobs are lost. More banks fail. and so on. and so on. and so on. It happened 80 years ago. It will happen again. This time on a catastrophic global scale. Throughout the cycle, the filthy rich will panic and tighten their grip. Concentrating the world’s wealth and resources even further, getting richer in the process, and ensuring the collapse of every major economy worldwide. Think it can’t happen? Think again. GREED KILLS. IT WILL BE OUR DOWNFALL.

Another thing. I don’t want credit for any of this. Otherwise, I would have given my full name a long time ago. I havn't. IT DOESN'T MATTER. I'm not selling a book and I'm not looking for any notoriety. At least not yet. I do have a plan to go public when my parents die. In fact, I have BIG plans for my inheritence. Every single penny of it. In the meantime, I don't want them to know about it. I also don't want them punished for my big mouth. Which is why I've gone out of my way to remain anonymous for 3 solid years. When I do go public, it won't be for profit and it won't be for popularity. It will be for a legitimate cause and NOTHING ELSE. In fact, I hope to be just one of many. In the meantime, I don't care who gets to say "I told you so." IT DOESN'T MATTER. As far as I’m concerned, you can put this entire rant in your own words and take credit for all of it. I don’t care. Just spread the word. Otherwise, the greatest injustice of all time will go down in history unchecked.

By the way. The bailout won’t work. IT WON’T WORK. The plan fails to address the fundamental problem. The middle class don’t need more credit. They need a reasonable share of the economic pie. They also need a lower cost of living and a chance to catch their breath. They need a break from all of the psychological marketing tricks and mass market BS. Most of all, they need to wake up and see the truth. GREED KILLS. IT WILL BE OUR DOWNFALL.

10.01.08
To my surprise, two public figures have found the courage to acknowledge this problem to some degree. On 11.07.07 former presidential candidate Ron Paul mentioned the massive transfer of wealth from poor to rich. He also hinted at the possibility of economic collapse. He did so on 'Face the Nation'. He was blacklisted almost immediately for doing so. On 9.28.08 former secretary of labor Robert Reich refered to the obscene levels of income inequality as part of a "recipe for disaster". He mentioned the richest one percent in particular. He did so on 'Late Night With Conan O'Brien'. As far as I know, Albert Einstein was the first to explain the link between extreme wealth and economic instability. He did so in 1949. He explained how the first Great Depression was actually caused by a massive transfer of wealth from poor to rich. He predicted that it would happen again. He also predicted much greater levels of economic instability proportional to much greater levels of income and wealth inequality. He was right. Amazing. The prosperity of an entire world is about to be compromised. Almost entirely because of greed. IT WILL BE OUR DOWNFALL.

Another word about the Great Depression. It really was a perfect storm. First, there was unprecidented economic growth. There was a massive building spree. There was a growing sense of optimism. There was a growing obsession for celebrities. The average American became a pathetic, brainwshed, consumer junkie, moron. All of this represented a MASSIVE transfer of wealth from poor to rich. Executives, entrepreneurs, celebrities, and share holders. When the middle class ran low on money to spend UP, DOWN, and ACROSS, the rich did what they felt necessary to maintain their disgusting profit margins and ill-gotten obscene levels of wealth as long as possible. They cut jobs. The small business owners did what they felt necessary to survive. They cut jobs. The losses were felt primarily by the little guy. This created a domino effect. The middle class shrunk and the lower class expanded. With less wealth in active circulation, banks failed by the hundreds. More jobs were lost. Unemployment reached 25% in 1933. The worst year of the Great Depression. The recovery involved a World War and higher taxes on the rich. With so many men in the service, so many women on the production line, and those higher taxes to help pay for it, the lions share of United States wealth was gradually transfered back to the middle class. This redistribution of wealth continued until the late seventies. At the time, the richest 1% reaped about 10% of all private income and held about 20% of all United States wealth. Far less than previous levels. The middle class had home equity, free and clear assets, and money in the bank. The tide began to change. Jimmy Carter was blamed for a recession that was caused by a number of global circumstances including greed. Then a short sighted pig by the name of Arthur Laffer came along. He convinced Ronald Reagan to grant massive tax breaks to the rich and their respective industries. His half-baked theory was that by doing so, unprecidented levels of economic growth could be achieved. He was right. Unfortunately, he failed to see or acknowledge the big picture. That 'economic growth' and 'actual prosperity' are two different things. Jobs don't 'create' wealth. They only transfer it from one party to another. The devil is in the details. Reaganomics, gave the rich and their respective industries the incentive to 'expand' and 'create jobs'. But those products and services were over-priced and then sold or billed right back to the people. Often, without their knowledge, understanding, or consent. Certainly without a clue about how the economy REALLY works. All of this resulted in higher profits for those at the top and stagnant wages for everyone else. So with Reaganomics, the transfer of wealth from poor to rich was kicked back into high gear. Here we are 27 years later. Another perfect storm. The big one. Not only have we become a nation of consumer junkie credit card morons. But we have also become fat, stupid, and programmed to live by drug and doctor. We spend most of our spare time on the couch getting brainwashed by public figures. Even worse, those public figures have re-defined any logical standard we ever had for 'good will'. Mother Teresa is dead. America's favorite 'humanitarian' is now a filthy rich multi-media pig who reaped a billion dollar fortune from the middle class by making damn sure they stay on that couch long enough to watch her show and read her magazine. Transforming them into pathetic, naive, love-sick fools who turn around and buy any product or service endorsed by their idol. The same goes for Ellen Degeneres and her respective audiance. In fact, every filthy rich well known public figure and every major industry have followed suit with a similar marketing strategy. Dumbing down our society and cashing in on bogus promises to make the world a better place. Amazing. EVERY big business, EVERY big celebrity, EVERY billionaire, and damn near every multi-millionaire on the planet have all taken up 'phylanthropy' or 'good will'. Those with the most money, also have the most power, and influense by far. They own or influense every government, manage every major industry, and the lion's share of life sustaining resources. They literally rule our world. Still, every major problem of modern society gets worse by the day. The world's wealth is more concentrated than ever before. Her life sustaining resources are in high demand, more expensive than ever, and squandered by the rich on extravogant living. Meanwhile, families loose their homes, retirees loose their pensions, heroes loose their lives, crime is up, and red ink flows in nearly every community. The global economy is in a state of crisis. The prosperity of an entire world is about to be compromised. Still, those with the most power, money, influense, and 'good will'. promise to make it all better. If only we continue to support them and buy any product or service with their name on it. IT IS A SHAM. GOOD WILL HAS BECOME BIG BUSINESS.

The point about our government printing up more money was that it can't be done "on a whim" and that there are serious concequences for doing so (weak dollar, higher gas prices, inflation). I never said that it can't be or hasn't been done at all. Afterall, those loans from China weren't infused in the form of Chinese currency. They were infused in the form of our own. Not given to the middle or lower classes but instead to the banks in the form of credit. Its done nothing but perpetuate the problem. It never has been and never will be the answer. Sorry if I wasn't explicit enough the first time. The original draft of this particular rant was written 2 years ago and intended to fit within 300 characters. Anyway, I'm no English major. So if any of you want to re-word this post, feel free to do so. Whatever it takes to make people understand.


11/05/08
A new president will be taking office soon. Backed up by a heavily democratic congress who have all campaigned on a promise to raise taxes on the rich. Unfortunately, this will be too little too late. Nowhere near enough to compensate for the incredible corruption of both major parties. Nowhere near enough to pay for the bailout. Nowhere near enough to stop that runaway train. There will be no change for the better. Obama's financial advisers are pigs. Warren Buffet is a pig. Oprah Winfrey is a pig. Obama himself is a multi-millionaire politician married to a multi-millionaire attorney. He has already run the most expensive political campaign in history. Some of it squandered on a $400 lobster feast for his wife. Financed for the mostpart by ordinary people who can't even afford a $400 lobster feast. It happened on Obama's watch. Probably more than once. He even had the nerve to ask those ordinary people to help pay off the campaign debt of another filthy rich multi-millionaire politician PIG (Hilary Clinton). I will admit that Barack Obama seems to have more character than most of his colleagues. Certainly more than Clinton, Gore, McCain, Palin, Bush, Cheney, Romney, Schwarznenager, Palosi, Kerry, Guliani, Kennedy, Bloomberg, or Edwards. He was probably a very good down to earth man at one time. The same goes for Joe Biden. Not anymore. Afterall, John McCain was also a very good down to earth man at one time. A true American hero. NOT ANYMORE. Now, he is a filthy rich politician pig married to a filthy rich big business pig. SOLD OUT. Mark my words: Obama and Biden will do the same. Whatever moral character they may have left, will be lost or heavily compromised while in office. Like the others, their administration will be riddled with scandals of greed and corruption. Like the others, they will succumb to the greatest epidemic ever faced by modern man. By far, the most intoxicating element of modern society. Greed. Simply the desire to get as rich as possible. It has the potential to blacken any heart. Break the will of any human being. Influense any government. Corrupt any society. Those who succumb to it are lost forever. You can not get through to these people. You can not make them understand. No matter how bad it gets for the little guy. No matter how many families loose their homes. No matter how many people go cold and hungry. No matter how many innocent children starve and die. No matter how much blood is shed. NO MATTER WHAT HAPPENS. The rich will ALWAYS blame the other guy. They will ALWAYS say or do whatever it takes to secure their own extreme personal wealth. When they 'give back', its only because they expect more in return. They will NEVER compromise their own bottom line. They will NEVER jeapordize their position in the 1% club. They will NEVER stand for a more reasonable distribution of wealth and resources. They will NEVER acknowledge greed as a form of evil. They will NEVER acknolwedge the potential it has to ruin EVERYTHING. They will NEVER admit the simple truth. GREED KILLS. IT WILL BE OUR DOWNFALL.

Ford, GM, and Dodge are begging the current admistration for some type of 'bridge loan' in order to avoid bankruptcy. The unions are begging for it. The people are divided. All because of a LIE. Again, we have been mislead. I'm not disputing their need. Its legit. I'm disputing the underlying cause. Competition my ass. China my ass. Japan my ass. Those factors are real but not fatal. They are also concequential. Not primary. Again, its GREED and CORRUPTION. Not only that of the auto executives and celebrities who demand millions to endorse the product but also within the health care industry. Thats right. Health care. The average doctor is a millionaire several times over. The average health care executive many times over. Both on average, are members of the 1% club. AGAIN, ITS THEIR FAULT. If it weren't for the OBSCENE health care charges, brainwash plots, and artificially inflated market, then the financial burden placed on Ford, GM, and Dodge wouldn't be anywhere near as high. They could easily match the labor of Honda, Toyota, and Hyndai who's workers are younger on average and not so demanding when it comes to 'health care'. In this case, the little guy is partly to blame for their incredible ignorance. They smoke, drink, get fat, fall for the most OBVIOUS health care scams, live by drug and doctor, kiss greedy doctor ass, drive up the cost of their own health care, demand full coverage, and then strike if they don't get it. Retired US auto workers on average are now causing their former employers to incur an additional $500,000 PER RETIREE in health care expenses over the span of their retirement. Those in the current workforce are partly to blame as well. Not for greed. Their wages are reasonable. But their health care demands are well in excess. If they would simply open their eyes, acknowledge the incredible greed and corruption within the health care industry, get off the couch, get off the pharmaceuticals, and take care of their own bodies, then their own cost of living would be lower, their health would be better, the market for their product would be higher, and the financial burden placed on Ford, GM, and Dodge would be MUCH lower. I'm not discounting other factors like gas prices, competition, and the US product line. But greed and ignorance wreak havok like no other elements of our society. They cause or allow the cost of living to rise and the middle class to shrink along with the potential market for every major industry. In this case, they also raise the financial burden placed on US auto makers. Mark my words: One or two US automakers will go bankrupt. They will do so regardless of any 'bridge loan'. Other well known foreign auto makers will follow. The entire manufacturing industry will become a shell of its former self. Millions of retirees will be cut off entirely. ALL BECAUSE OF GREED, CORRUPTION, AND IGNORANCE. The ripple effect is profound. IT WILL BE OUR DOWNFALL.

12/16/08
The feds have reduced their interest rate to an all time low. IT WON'T WORK. The same goes for any potential bailout for the US auto industry or any other. IT WON'T WORK. IT ABSOLUTELY POSITIVELY WILL NOT WORK. I would bet my life on it a hundred times over. Again, our own leaders refuse to acknowledge the single greatest drag on our economy. The single greatest underlying cause for the global economic crisis. GREED. They all refuse to acknowledge the downside. That idiot pig Arthur Laffer refuses to acknowledge it. Greenspan, Bernanke, and Paulson refuse to acknowledge it. Bush, Clinton, Kerry, Gore, Obama, and Kennedy refuse to acknowledge it. Lars Larson, Tammy Bruce, Lou Dobbs, Mike Gallagher, Suze Orman, Bill O'Reiley, Maria Bartiromo, Jim Kramer, Rush Limbaugh, and Jim Bohanan refuse to acknowledge it. Bill Gates, Warren Buffet, Oprah Winfrey, Richard Branson, and T-Boone Pickens refuse to acknowledge it. The same goes for all of their filthy-rich billionaire friends. All of the above are hypocrite pigs who don't have the guts to admit the simple truth. This is not brain surgery. For the mostpart, its simple math. WE ARE IN THIS MESS BECAUSE OF GREED. The world's richest one percent are now so incredibly rich that there simply isn't enough wealth circulating beneath them to sustain the global economy. Its on the brink of collapse. IT WILL COLLAPSE. We are now entering what will go down in history as the worst economic and cultural crisis of all time by far. You think its bad now? YOU AIN'T SEEN NOTHING YET. NOTHING. Trillions more in wealth/capital will be concentrated (Not lost. Concentrated.). Many more banks large and small will fail. Tens of millions will loose their savings (Transfered from poor to rich.). Even FDIC accounts will be forfeited (Yes they will. Yes they will. Yes they will.). Every major industry will become a shell of its former self. Unemployment will reach unprecidented levels. Millions of retirees will be cut off entirely. The lower class will become dominant. The financial aid system will fail miserably. The vast majority of those in need will have no access. Crime, poverty, and suicide will skyrocket. There will be riots and random acts of violence at banks, hospitals, and government buildings. The next generation will be left to fight in the crumbling streets over a shattered American dream. The rest of the world will have it even worse. So don't blame innocent people from other countries you idiots. Blame the rich. Blame the government. Blame the health care industry. Then blame yourselves for being so stupid for so many years. We have allowed a particular form of evil to grow out of control, intoxicate our society, consume our government, wreak havok on our own economy and culture, RUIN any chance we ever had at world prosperity, and jeapordize the very foundation of modern society. At the same time, we have allowed those who epitomize it to get away with calling themselves 'heroes' or 'humanitarians'. Putting a happy face on greed and dumbing down our society further in the process. THAT MEANS YOU. So wake up fellow citizens. Grow a spine. Don't fall for all of this 'good will' 'humanitarian' BS from the rich. IT IS A SHAM. NOTHING BUT TAX DEDUCTIBLE PR CRAP. Instead, look at the bottom line. IT'S F#@&#%$ OBSCENE. NOW GET IT THROUGH YOUR THICK SKULLS YOU IDIOTS. WE ARE IN THIS MESS BECAUSE OF GREED. AMERICA'S RICHEST ONE PERCENT NOW OWN ALMOST 1/2 OF ALL UNITED STATES WEALTH. THE WORLD'S RICHEST ONE PERCENT NOW OWN OVER 40% OF ALL WORLD WEALTH. THATS WAY TOO MUCH. THESE PEOPLE ARE NOT HEROES. THEY ARE NOT HUMANITARIANS. THEY ARE DISGUSTING HYPOCRITE SLOBS. IT DOES NOT MATTER HOW MUCH THEY GIVE BACK. THEY STILL KEEP WAY TOO MUCH. IT CAN'T WORK THIS WAY. IT ABSOLUTELY POSITIVELY CAN NOT WORK THIS WAY. IT NEVER HAS AND IT NEVER WILL. GREED KILLS. IT WILL BE OUR DOWNFALL.

1% CLUB PIGS: I've said it many times and I will say it many more. Greed is not the desire to break the law or intentionally oppress another human being. Greed is simply the desire to take more than your reasonable share of wealth or any limited resource. By doing so, you reduce the value of currency and raise the cost of living worldwide. You cause a domino-effect of socio-economic problems. You literally cause innocent people to suffer and die. YOU MAKE WORLD PROSPERITY MATHEMATICALLY AND PHYSICALLY IMPOSSIBLE. It does not matter how much you 'give back'. It matters how much you KEEP. This is why I will go to my grave with nothing but bleeding and burning hatred for all of you. Thats right. I hate you and I'm not afraid to admit it. Afterall, its OK to hate a rapist. Its OK to hate a terrorist. I do. But I also hate wolves in sheep's clothing. THAT MEANS YOU. In fact, I consider the equation you stand for to be the greatest injustice of all time. It makes my f$#@&$# blood boil. Jealosy my ass. Low self-esteem my ass. Self-pity my ass. Anyone who still thinks that after reading all of this is a F&#@%$# MORON. You disgusting hypocrite pigs. I've noticed the little shots you've been taking at me, a few others, and the cause we stand for. The psychological stunts. Thats right Will Smith, Angelina Jolie, Brad Pitt, Today Show pigs, Regis and Kelly, Ellen DeGeneres, Dr Phil, Oprah Winfrey, Lars Larson, Bill O'Reiley, Lou Dobbs, Ann Coulter, Tammy Bruce, Laura Inghram. I've noticed the crafty elusive statements you've been making about greed and subtle insults directed at those very few of us who stand against it. I also know that you're well aware of this campaign and that you're trying to shut it down. You've even gone out of your way to specifically attack 'anonymous' bloggers in general. As if we are somehow less credible without a registered account. I'm not the slightest bit intimidated by any of it. YOUR TRICKS WILL NEVER WORK ON ME. Mark my words: No matter what you say or do, I will spend the rest of my life persecuting all of you for the disgusting, obscene, unjust, illogical, and immoral equation you stand for. I won't break any laws. I won't harm one hair on your rotten heads. Its not that I don't wish you were gone. I do. But I would never jeapordize such an important cause with a criminal act. NEVER. My only realistic goal is to make as many people as possible understand. Including future generations. I hope they look back on these words and spit on your graves. Afterall, they won't achieve any degree of world peace or prosperity until after they acknowledge GREED as a form of EVIL. NEVER. Not until they acknowledge it with a number or some type of material standard. In the unlikely event they ever do, I hope they FINALLY come up with a system that works for the vast majority. One with a reasonable pay scale and caps on personal wealth. Otherwise, their system will fail over and over again. Just like the one you stand for. It can't work this way. It never has and it never will. NEVER. NO WAY IN HELL. So mark my words: I will not make excuses for a single one of you. I don't care how smart you think you are. I don't care how talented you think you are. I don't care how pretty you think you are. I don't care what you think you've done to earn twenty to fourty thousand times the pay (Yes. I did the math.) of a firefighter, soldier, farmer, teacher, cop, truck driver, or garbageman. You're not worth it. I don't even care if your personal fortune fell out of the sky. If you're rich, I hate you. I don't care how much you 'give back'. I care how much you keep. Therefore, I will do everything within my power and within the law to expose your incredible greed and hypocrisy. If you want to break my will, then you're going to have to break my neck first. and if you pull a stunt like that, then a lot of people will know what happened to me and why. I've planned in detail for it. You have no idea. Regardless, you pigs will not go down in history as 'heroes' or 'humanitarians'. Not if I can help it. We're in this mess primarily because of you. Its going to get MUCH worse primarily because of you. Thats what I believe and thats the message I intend to spread for the rest of my life. DEAL WITH IT.

1.21.09
A few more words about our new president and how certain public figures are using him to divert our attention, dumb down our society, shut my big mouth, and discredit the cause I stand for. I said it during the presidential campaign, I said it again in November, and I will say it again now. Our new president has more character than most of his colleagues. Much more. In fact, he puts Bush, Cheney, Rice, Clinton, Gore, Palosi, Reagan, Carter, Romney, Schwarzenegger, Bloomberg, and Kennedy to shame. He also puts nearly every living public figure to shame. Including those who claim to support him. By politician, public figure, and 1% club standards, he is an angel. That being said, he is still a politician. Still a public figure. Still a member of the one percent club. Just a man. Like any other, he is a product not only of genetics but also of his environment. Like any other, he is intoxicated by certain elements of modern society. Including three of the worst. Fame, fortune, and power. All three have the potential to corrupt the mind, the heart, and the will of any human being. I can name only one who resisted the influense of all three. Mother Teresa died in 1998. The amazing standard she set died with her. Since then, an army of public figures and false heroes have sold out the very concept of 'good will'. Capitalizing on bogus promises to make the world a better place. The vast majority, on day one. The rest, along the way. Obama will do the same. Its just pathetic human nature. Put any man or woman on a stage or throne and something about them is different. Make any man or woman rich and something about them is different. I said it in November and I will say it again. Barack Obama was probably a very good down to earth man at one time. That was before the corrupt influense of fame, fortune, and power. Now, something about him is different. The same goes for Michelle Obama. They have already begun to sell out. Not only as necessary during the campaign because of our ignorant society and the fact that we won't elect ANYONE unless they look a certain way, dress a certain way, talk a certain way, kiss our babies, cut our taxes, tell us what we want to hear no matter how unrealistic, believe in God, follow a certain religion, support a certain industry, and show up on our favorite talk show with a fake smile, stupid jokes, and lame dance moves. That was bad enough. A sell-out necessary to get elected by a pathetic, ignorant, naive, short sighted, half-wit, couch potatoe, love-sick, celebrity junkie society. But also for profit before, during, and after the election. I already mentioned the $400 lunchtime lobster feast. Paid for mostly by ordinary people who were willing to cut into their modest bottom lines in order to help get their hero elected. That was bad enough. Another sign of the times. As expected, its already getting worse. I have no problem with the armor plated presidential limo, the extra security, the inauguration, or the speech. I have no problem with the concept of a public celebration. But I do have a problem with the $35,000 ring, the $150,000 dress, the exotic crystal, the exotic food, the coorporate plugs, NBC, MTV, BET, Beyonce, LL Cool J, Miley Cyrus, and every other filthy rich big business/big money/big celebrity hypocrite pig who had the nerve to fly in on their personal jets, stand there lavished in gold, and jewels, and fur, and $10,000 suits and pretend as if they and Obama share a desire to make the country and our world a better, more stable, more peaceful, and more 'just' place for all its people. Once again, promoting their own interests, dumbing down our society, and dancing their way around the single greatest underlying cause for the global economic crisis. GREED. The single greatest threat to modern society. GREED. Filthy, rotten, disgusting, self-centered, self-serving, black-hearted, hypocritical GREED. By doing so, they divert our attention AGAIN at a crucial time when we need more than ever to finally acknowledge GREED as a form of EVIL. At a time when we need more than ever to understand how it burns through moral character, spreads like wildfire, jumps from one industry to another, one person to another, and wreaks havok on society worldwide. IT ABSOLUTELY POSITIVELY BEYOND ANY SHADOW OF A DOUBT WILL BE OUR DOWNFALL. All of this happened on Obama's watch. I understand that he didn't plan most of the details. But he did know about many. He stood by and watched that event sell out to the highest bidder. He also bought the ring. He didn't even have a word to say about the double standards or many ethical contradictions. Afterall, he got elected. It was no longer necessary to kiss so much big business, big money, big celebrity, 1% club ass. SELL-OUT. Now, that army of filthy-rich, self-centered, self-serving, self-promoting, hypocrite pigs are using Obama's hopefull words against those very few of us who know better. They even have the nerve to belittle and villianize people like me simply because we don't float around with happy uplifting thoughts and a smile on our face. They pretend as if our message can't possibly be legitimate if its expressed with anger, contempt, hatred, or fear. As if a 'positive' attitude is any match for that domino-effect of socio-economic problems caused almost entirely by GREED. I understand that Obama could never go on record with views anything like mine. He has no choice but to be tolerant of other filthy-rich and powerful public figures. I can even forgive the affiliation to some extent. I also believe that he truly does want some degree of government reform, ethics, accountability, peace, prosperity, stability, opportunity, and economic justice for all people. Like I said, by politician standards he is an angel. Which is probably the nicest thing I will ever say or even think about a rich and powerful public figure. I find it near impossible to hate the man. I even catch myself on occasion making excuses for him. He is literally the only rich and powerful public figure on this planet that I don't hate. I also understand why he gave the uplifting speech. I really don't blame him for a single word of it. But I will not pretend as if a smile or 'positive' attitude is any match for that particular form of evil consuming our world. I will not choose 'hope' over 'fear' just because it feels nice. Of course, I want things to get better. Of course, I will try in vain to help make things better. Of course, I want something legitimate to celebrate. Something that we could all be a part of. Of course, I desperately want Obama to succeed. Of course, I desperately want all of my predictions to be proven wrong. I just don't see it happening. With or without Obama, we are still stuck on that runaway train. Its not going to be any better. Its not going to be alright. Not for the vast majority. Its going to get much worse and stay that way for a very long time. I fully expect to die knowing that I devoted myself to a cause which was lost from day one. Greed will always triumph over good will. The people will never take any real stand against it. The vast majority are pathetic, ignorant, naive, short sighted, brainwashed, pharmameutical, medical-testing, couch potatoe, credit card, love-sick, celebrity junkie, powderpuffs. Perfect little victims. I hate to say that about my fellow citizens but its the truth. Afterall, they didn't see this comming. I tried to warn them and they still didn't see it. Others tried to warn them and they didn't see it. Albert Einstein tried to warn them SIXTY F$#&#$# YEARS AGO. They didn't listen. They didn't see it. They did NOTHING to stop this or even slow it down. Even now, when the problem is so much more obvious. Even now, when the futures of their children are at stake. Still, they do NOTHING. Sometimes, I wonder if they are even worth fighting for. What the hell is the point? They will never listen. They will never wake up. They will never do simple math. They will never take a stand. There will never be economic justice. There will never be a more reasonable distribution of wealth and resources. Therefore, there will never be any degree of world peace or prosperity. Never. Its only going to get worse. A LOT WORSE. GREED KILLS. IT WILL BE OUR DOWNFALL.

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