[P2P-F] Fwd: David DeGraw

[Michel Bauwens]

---------- Forwarded message ----------
From: John La Grou <jl at jps.net>
Date: Sun, Aug 24, 2014 at 11:25 AM
Subject: David DeGraw
To: John La Grou <jl at jps.net>



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-society/

"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.  "











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*****************************
John La Grouhttp://www.linkedin.com/in/lagrouhttp://lifeboat.com/ex/bios.john.la.grouhttp://www.ted.com/speakers/john_la_grou.html




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