The 30 statistics that you are about to read prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a staggering pace. Yes, the stock market has soared to unprecedented heights this year and there are a few isolated areas of the country that are doing rather well for the moment. But overall, the long-term trends that are eviscerating the middle class just continue to accelerate.
Over the past decade or so, the percentage of Americans that are working has gone way down, the quality of our jobs has plummeted dramatically and the wealth of the typical American household has fallen precipitously. Meanwhile, we have watched median household income decline for five years in a row, we have watched the rate of homeownership in this country decline for eight years in a row and dependence on the government is at an all-time high.
The world’s 85 richest individuals possess as much wealth as the 3.5 billion souls who compose the poorer half of the world’s population, or so it was announced in a report by Oxfam International. The assertion sounds implausible to me. I think the 85 richest individuals, who together are worth many hundreds of billions of dollars, must have far more wealth than the poorest half of our global population.
And since the global financial system is more interconnected today than ever before, that would be very bad news for the United States as well. Since Lehman Brothers collapsed in 2008, the level of private domestic credit in China has risen from $9 trillion to an astounding $23 trillion.
That is an increase of $14 trillion in just a little bit more than 5 years.
Now Ask Yourself What Did They Do With All That Fiat Chinese Paper? Here’s Your Answer For Part Of It.
Dr. Webster G. Tarpley: The World and Our Tasks in 2014
The human experiment is endangered by private interests who have usurped the function of money creation everywhere.
Modern history reflects the gradual process by which they transfer all wealth and power to themselves, destroying Western Civilization and creating a world police state. In 1938, Rakowsky could say the whole world is controlled by the Sabbatean (Illuminati, Masonic) Rothschild bankers and their allies.