---------- Forwarded message ---------- From: John La Grou <[email protected]> Date: Sun, Aug 24, 2014 at 11:25 AM Subject: David DeGraw To: John La Grou <[email protected]> Exceptionally well-written and well-researched analysis of socioeconomic imbalance 1980-2014 (identical in many respects to 1920-1929). Factoring in offshore wealth, today's imbalance may be even worse than 1929. http://daviddegraw.org/peak-inequality-the-01-and-the-impoverishment-of-soci... "For more historical context and to further demonstrate how corrupt the government and economic system have become; if household income had kept pace with the overall economy since 1970, the current annual median would be $95k, almost double what it presently is. On top of that, it was normal to have only one wage-earner per household in 1970, as compared to two now ...... US citizens have now taken on $12 trillion in personal debt. On average, that’s $50k of debt for every US citizen over the age of 17. Again, it cannot be stated enough, in the current economy under present government policy, it is *impossible* for this debt to be paid off while maintaining the cost of basic necessities. Therefore, overall debt will continue to skyrocket. Even if interest rates on these debts dropped to 0%, as the Federal Reserve has done for a select few of their friends on Wall Street, there is no way for people to earn enough income to keep up with cost of living, let alone pay back their debts. On top of that, the already usurious interest rates on these debts are increasing. In fact, the spark that set off the global financial crisis in the first place is heating up <http://davidstockmanscontracorner.com/signs-of-the-top-subprime-credit-card-issuance-surges-finanical-stress-index-at-all-time-low/> once again ...... The evidence presented in this report thus far makes a very solid *mathematical* case for *significant systemic change*. However, to get a more complete understanding of how corrupt the global economic system is, we also need to factor in wealth that is hidden from public view. Disregarding trillions of dollars in hidden wealth just because the wealthy have the ability to *illegally* hide it is an absolute injustice. It is completely ignoring a critical aspect of what is now the *greatest theft of wealth in human history* ......We now live in a neo-feudal society. The evidence is undeniable. The indentured servant is now the indebted wage slave. A recent scientific study <https://www.princeton.edu/%7Emgilens/Gilens%20homepage%20materials/Gilens%20and%20Page/Gilens%20and%20Page%202014-Testing%20Theories%203-7-14.pdf> revealed that the United States government is subservient to the whim of the .01%. Political office is now merely a stepping-stone and initiation process that politicians go through to be accepted into the aristocracy. The .01% aristocracy is exactly what the first American Revolution was against. It was Thomas Jefferson’s understanding of the aristocracy’s ability to consolidate wealth and subvert government that led him to believe that *every generation required its own revolution* ...... The need for *significant systemic change* is now a *mathematical fact*. Corruption, greed and economic inequality have reached a peak tipping point. As more people grow aware of the deliberate systemic nature of their unnecessary suffering, exploitation and oppression, there will soon be a critical mass who will insist upon nothing less than absolute revolution. The delusional political class and mainstream media uphold the status quo as if it is insurmountable. In reality, it is highly unstable, unsustainable and collapsing at an increasing rate. " -- ***************************** John La Grouhttp://www.linkedin.com/in/lagrouhttp://lifeboat.com/ex/bios.john.la.grouhtt... -- Check out the Commons Transition Plan here at: http://en.wiki.floksociety.org/w/Research_Plan P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net <http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation>Updates: http://twitter.com/mbauwens; http://www.facebook.com/mbauwens #82 on the (En)Rich list: http://enrichlist.org/the-complete-list/