The Globalists Are Systematically Destroying America’s Middle Class

Image result for The Globalists Are Systematically Destroying America’s Middle Class

When people are dependent on the government they are much easier to control.  We are often told that we are not “compassionate” when we object to the endless expansion of government social programs, but that is not how the debate should be framed.  In America today, well over 100 million people receive money from the federal government each month, and the number of Americans that are truly financially independent is continually shrinking.  In fact, only 25 percent of all Americans have more than $10,000 in savings right now according to one survey.  If we eventually get to the point where virtually all of us are dependent on the government for our continued existence, that would give the globalists a very powerful tool of control.  In the end, they want as many of us dependent on the government as possible, because those that are dependent on the government are a lot less likely to fight against their agenda.

Back in 1992, the bottom 90 percent of American income earners brought in more than 60 percent of the country’s income.  But last year that figure slipped to just 49.7 percent.  The wealth of our society is increasingly being concentrated at the very top, and the middle class is steadily being eroded.  Surveys have found that somewhere around two-thirds of the country is living paycheck to paycheck at least part of the time, and so living on the edge has become a way of life for most Americans.

Earlier today, I came across a Business Insider article that was bemoaning the fact that the U.S. economy seems to be rather directionless at this point…

  • We do not have a real plan for health care, and costs continue to gobble up American wages.
  • We do not have a plan for dealing with globalization and economic change, but that change continues to shape our economy.
  • We don’t have a plan to update our decrepit infrastructure.
  • The one plan we did have — the Federal Reserve’s post-financial crisis program — is about to be unwound, marking the end of the last clear, executable plan to bolster America’s economy.
Ultimately, the truth is that we don’t actually need some sort of “central plan” for our economy.  We are supposed to be a free market system that is not guided and directed by central planners, but many Americans don’t even understand the benefits of free market capitalism anymore.

However, that Business Insider article did make a great point about globalization.   Most people don’t realize that our economy is slowly but surely being integrated into a global economic system.   This is really bad for American workers, because now they are being merged into a global labor pool in which they must compete directly for jobs with workers in other countries where it is legal to pay slave labor wages.

Even down in Mexico, many autoworkers are only making $2.25 an hour

Most of the workers at the new Audi factory in the state of Puebla, inaugurated in 2016 and assembling the Audi Q4 SUV, which carries a sticker price in the US of over $40,000 for base versions, make $2.25 an hour, according to the Union.

Volkswagen, which owns Audi, started building Beetles in Puebla in 1967 and has since created a vast manufacturing empire in Mexico, with vehicles built for consumers in Mexico, the US, Canada, and Latin American markets.

Volkswagen, Ford, GM, or any of the global automakers, which can manufacture just about anywhere in the world, always search for cheap labor to maximize the bottom line.

Would you want to work for $2.25 an hour?

Over time, millions of good paying jobs have been leaving high wage countries and have been going to low wage countries.  The United States has lost more than 70,000 manufacturing facilities since China joined the WTO, and this is one of the biggest factors that has eroded the middle class.

In a desperate attempt to maintain our standard of living, we have gone into increasing amounts of debt.  Of course our federal government is now 20 trillion dollars in debt, but on an individual level we are doing the same thing.  Today, American consumers are over 12 trillion dollars in debt, and it gets worse with each passing day.

The borrower is the servant of the lender, and most Americans have become debt slaves at this point.  This is something that Paul Craig Roberts commented on recently

Americans carry on by accumulating debt and becoming debt slaves. Many can only make the minimum payment on their credit card and thus accumulate debt. The Federal Reserve’s policy has exploded the prices of financial assets. The result is that the bulk of the population lacks discretionary income, and those with financial assets are wealthy until values adjust to reality.

As an economist I cannot identify in history any economy whose affairs have been so badly managed and prospects so severely damaged as the economy of the United States of America. In the short/intermediate run policies that damage the prospects for the American work force benefit what is called the One Percent as jobs offshoring reduces corporate costs and financialization transfers remaining discretionary income in interest and fees to the financial sector. But as consumer discretionary incomes disappear and debt burdens rise, aggregate demand falters, and there is nothing left to drive the economy.

This debt-based system continuously funnels wealth toward the very top of the pyramid, because it is the people at the very top that hold all of the debts.

Each year it gets worse, and most Americans would be absolutely stunned to hear that the top one percent now control 38.6 percent of all wealth in the United States…

The richest 1% of families controlled a record-high 38.6% of the country’s wealth in 2016, according to a Federal Reserve report published on Wednesday.

That’s nearly twice as much as the bottom 90%, which has seen its slice of the pie continue to shrink.

The bottom 90% of families now hold just 22.8% of the wealth, down from about one-third in 1989 when the Fed started tracking this measure.

So how do we fix this?

Well, the truth is that we need to go bgoveack to a non-debt based system that does not funnel all of the wealth to the very top of the pyramid.  Unfortunately, most Americans don’t even realize that our current debt-based system is fundamentally flawed, and it will probably take an unprecedented crisis in order to wake people up enough to take action.

http://www.dcclothesline.com/2017/10/02/the-globalists-are-systemat...

Views: 35

Reply to This

Replies to This Discussion

Government always demands control.  A little control, considered good and necessary, generally increases to a lot of control, not good but considered necessary, to that of total control, which is totally not good and totally unnecessary.

Where we are in that scale is up to debate, but I think we are close to the final one, so close that it may be inescapable.

How many people are aware that the Constitution was drafted but then had to be ratified by a minimum of 9 Colonies out of the total 13, and that the only way it could be ratified was to promise the people that a Bill of Rights would be Amended into the document that would guarantee the public be protected from the abuse of its restrictions on government?  And that this would be done immediately after ratification?

Talk about well founded fears.  And just what are the illustrious democrats hell bent on doing today with Gun control. And spending the country into oblivion. And removing God from the public square. Abortion. Same sex marriages. Illegal immigration.  Rejection of the Constitution with court approval. Promoting racism and hatred. Affirmative Action. Employment quotas on race and sex. Minority set aside projects and quotas on government (PUBLIC) funded construction projects.  And the list goes on, and on, and on again. Did I mention Grant money for the academics?

Where does all this crap stop?  America is dying. We had better realize that we, us, real Americans, are what is dying. Not the land. Not the environment.  US.

 

RSS

LIGHTER SIDE

 

Political Cartoons by AL Goodwyn

Political Cartoons by Tom Stiglich

Political Cartoons by AL Goodwyn

ALERT ALERT

“Stop Mass Hysteria”  Michael Savage On Current Media Frenzy: It’s Like A Virus, An Epidemic… It Will Die Of Its Own Oxygen Deprivation 

The Gateway Pundit’s Jim Hoft interviewed Dr. Michael Savage on his latest book “Stop Mass Hysteria” this weekend.

“Stop Mass Hysteria” COULD NOT come at a better time. And our discussion with Dr. Savage on this subject was timely to say the least.

Dr. Savage discussed the history of mass hysteria in America from the Salem witch trials to the Trump-Russial collusion witch hunt.

Michael Savage also shared his thoughts on the mass hysteria surrounding the Brett Kavananaugh confirmation hearings.

Dr. Michael Savage: Let me just say starting from the beginning that there is a huge difference between mass hysteria and justified concern. And this is something we have to understand. There are imagined threats and then there is real danger as we all know. And this is an imagined threat – That Kavanaugh poses a threat to all women on the planet that he’s a mad rapist. That he will be on the Supreme Court running around and making the climate of rape more acceptable. This is the greatest example of mass hysteria since the Trump derangement syndrome. And it is a continuation of course, of the hatred of Trump and their hatred for those of us who supported Donald Trump, and Donald Trump’s agenda more than Donald Trump. It’s really not about Donald Trump it’s about the agenda which is largely based on modern nationalism that I offered for many, many years.

Dr. Savage is truly brilliant. He publishes a book on mass hyteria and the the Kavanaugh confirmation comes along.

Dr. Savage goes on to say the number one greatest threat facing America today is radical Islam. “For the last 1,400 years radical Islam has been at war with the world. This is not Islamophobia as the mainstream media would have you believe. It is history.”

Michael Savage took some time to bash CNN in his chapter titled “From Salem to CNN” where he compares the two asking, “They’re not too different are they?”

Michael Savage   @ASavageNation

MICHAEL SAVAGE AT THE PRESIDENT'S DESK (USED BY EISENHOWER, KENNEDY, CARTER, REAGAN, BUSH, CLINTON, BUSH, OBAMA, TRUMP)

Michael went on to describe the real “war on women” is the radical feminists who are actually debasing feminists and debasing women across America with false accusations, or exaggerated accusations.

Dr. Savage talked about the danger of mass hysteria, “It’s like a virus. As a trained epidemiologist it’s really like an epidemic. It’s almost a medical situation, this madness is very similar to an epidemic that continues to spread though a population without discriminating who it attacks. That’s the point. And so in stopping mass hysteria I try to bring real history to the discussion rather than straight polemics.”

Near the end of the interview I asked Michael about what will eventually the end of mass hysteria. Michael offered this, “We have to believe at the end reason will trump hysteria. We have to believe. I believe this mania we are living through will die of its own oxygen deprivation.”

Let’s hope Dr. Savage is right. He usually is. God help us.

© 2018   Created by Steve - Ning Creator.   Powered by

Badges  |  Report an Issue  |  Terms of Service