Tuesday, May 10, 2016
Vladimir Spaniard. Everything has been documented. You have not broken any laws that I know of. For that reason, I will make one attempt to clear the slate with you. You have ten days to contact me with your identity, your concern and your intentions. If you resolve this within ten days, I will do my part to clear the slate regardless of your identity. After all, a certain PF does appear to be a very rare exception to the rule. I've been tempted to acknowledge this possibility several times over the last year or so but your actions have prevented me from doing so. Your most recent actions have brought us to this point. Respond within ten days if you want that slate cleared. Otherwise, I will have no choice but to run full steam ahead with a more sinister possibility. Full steam ahead with a new entry and a call to talk radio where I have a friend. A DEFINATE exception to the rule. I will promise on the air that I WILL NOT have a car accident, I WILL NOT fall from a ladder or have any other freak accident, I WILL NOT take any drugs let alone OD on them, I WILL NOT choke, drown or suffocate, I WILL NOT commit suicide, I WILL NOT be killed or seriously harmed for any reason except to limit my activity, punish me for what I have already done or send a message to others and I WILL NOT stop calling on a regular basis. If I do, it's because of you. It's one or the other VS PF or A. That is a solemn promise. In the meantime, I'm getting started on my next entry. It will include names, dates and all of the relevant details to be published unless you respond within ten days and investigated if ANYTHING happens to me. It's a possibilty I've been prepared for from day one.
Saturday, October 18, 2014
My critics in San Francisco are pathetic cowards. Deleted entry #11.
Berkely is right. It's you die-hard partisans who don't understand. (Nationwide.)
image 1
Evidently, the brain rotting disease otherwise known as die-hard conservatism prevents those stricken from comprehending the following rule:
'please limit each posting to a single area and category, once per 48 hours'
In other words, users are free to post repeatedly as long as they don't post the same entry more than once within a period of 48 hours.
Users are free to continue a thread, make reference to previous entries, or copy text from other entries as long as they don't post THE SAME entry more than once within a period of 48 hours.
To the best of my knowledge, Berkely has not violated this rule. However one or more of you who repeatedly refer to us as 'trolls' in a desperate attempt to prevent others from taking our entries seriously have violated the rule at least twice so far that I know of. You have also flagged our legitimate entries improperly several times. Still, Berkely and I, who by the way, don't agree on everything because free thinkers form their own opinions with no regard for affiliation continue to post at will. Say that reminds me.
America, if you want corporate influence out of politics, then stop giving so much of your money to corporations. After all, it's your money they use to bribe our sold-out leaders. They do so in order to get even more of your money in the form of government subsidies, tax breaks, and 'no bid' contracts.
Newsflash: Apple, Motorola, Microsoft, Sony, Columbia, Ticket Master, AT&T, Verizon, Disney, Universal, Netflix, Pfizer, GSK, Dreamworks, Facebook, Starbucks, and GE are all juggernaut corporations. Every last one of them have a team of government lobbyists.
"But we can't reduce our support for any of the above. We need our horribly over-priced smart phones and tablets, latest operating systems, video games, CDs, DVDs, and digital downloads, Hollywood blockbusters, live shows, mostly unnecessary meds, social networking, lattes and mostly unnecessary medical testing. We can't live without any of it. So we'll just go on as we always do complaining about the influence of corporations while we hand over even more of our money to those corporations giving them even more influence over our sold-out government."
Like I've said many times, the masses are partially responsible for the obscene concentration of wealth, the corrupt government influence, the high cost of living, and everything else they complain about. The vast overwhelming majority refuse to alter their spending habits. They voluntarily transfer wealth and influence from poor to rich. They do so by falling for every marketing trick in the book. For this reason, true reform will not come until after a comet smashes into the Earth. Hopefully, the survivors will learn from our pathetic failures and colossal ignorance.
By the way, I damn well do practice exactly what I preach. I have been for well over a decade. I bought my 8 year old laptop and OS used, I sign on using a locally based provider, I haven't bought a new CD, DVD, or video game in 8 years, I've NEVER paid for a digital download, I don't attend concerts, I haven't taken a drug of any kind since the age of 18, I've seen a doctor only one time in the last decade, I complained about the outrageous bill and got it reduced by 50%, I don't use Facebook, I never click on internet ads, I use a very basic $20 cell phone and I pay less than $200 per YEAR for service. No bells or whistles of any kind. I don't even text.
I support small unincorporated businesses whenever possible and I keep my support of the corporate world to a minimum. I've been doing so for well over a decade. If I weren't such a God damn one in a million FREAK of society, then our nation's wealth never would have become so horribly concentrated.
But never mind all that. The line for the next horribly over-priced gadget will be forming soon. Better sell a limb, pack up your tent, food for a week, and get over there right away.
image 1
Evidently, the brain rotting disease otherwise known as die-hard conservatism prevents those stricken from comprehending the following rule:
'please limit each posting to a single area and category, once per 48 hours'
In other words, users are free to post repeatedly as long as they don't post the same entry more than once within a period of 48 hours.
Users are free to continue a thread, make reference to previous entries, or copy text from other entries as long as they don't post THE SAME entry more than once within a period of 48 hours.
To the best of my knowledge, Berkely has not violated this rule. However one or more of you who repeatedly refer to us as 'trolls' in a desperate attempt to prevent others from taking our entries seriously have violated the rule at least twice so far that I know of. You have also flagged our legitimate entries improperly several times. Still, Berkely and I, who by the way, don't agree on everything because free thinkers form their own opinions with no regard for affiliation continue to post at will. Say that reminds me.
America, if you want corporate influence out of politics, then stop giving so much of your money to corporations. After all, it's your money they use to bribe our sold-out leaders. They do so in order to get even more of your money in the form of government subsidies, tax breaks, and 'no bid' contracts.
Newsflash: Apple, Motorola, Microsoft, Sony, Columbia, Ticket Master, AT&T, Verizon, Disney, Universal, Netflix, Pfizer, GSK, Dreamworks, Facebook, Starbucks, and GE are all juggernaut corporations. Every last one of them have a team of government lobbyists.
"But we can't reduce our support for any of the above. We need our horribly over-priced smart phones and tablets, latest operating systems, video games, CDs, DVDs, and digital downloads, Hollywood blockbusters, live shows, mostly unnecessary meds, social networking, lattes and mostly unnecessary medical testing. We can't live without any of it. So we'll just go on as we always do complaining about the influence of corporations while we hand over even more of our money to those corporations giving them even more influence over our sold-out government."
Like I've said many times, the masses are partially responsible for the obscene concentration of wealth, the corrupt government influence, the high cost of living, and everything else they complain about. The vast overwhelming majority refuse to alter their spending habits. They voluntarily transfer wealth and influence from poor to rich. They do so by falling for every marketing trick in the book. For this reason, true reform will not come until after a comet smashes into the Earth. Hopefully, the survivors will learn from our pathetic failures and colossal ignorance.
By the way, I damn well do practice exactly what I preach. I have been for well over a decade. I bought my 8 year old laptop and OS used, I sign on using a locally based provider, I haven't bought a new CD, DVD, or video game in 8 years, I've NEVER paid for a digital download, I don't attend concerts, I haven't taken a drug of any kind since the age of 18, I've seen a doctor only one time in the last decade, I complained about the outrageous bill and got it reduced by 50%, I don't use Facebook, I never click on internet ads, I use a very basic $20 cell phone and I pay less than $200 per YEAR for service. No bells or whistles of any kind. I don't even text.
I support small unincorporated businesses whenever possible and I keep my support of the corporate world to a minimum. I've been doing so for well over a decade. If I weren't such a God damn one in a million FREAK of society, then our nation's wealth never would have become so horribly concentrated.
But never mind all that. The line for the next horribly over-priced gadget will be forming soon. Better sell a limb, pack up your tent, food for a week, and get over there right away.
My critics in San Francisco are pathetic cowards. Deleted entry #10.
Our healthcare system is horribly corrupt. (Nationwide.)
image 1
I hope you're happy doctor pigs of America. Because of your absolute refusal to acknowledge the profound corruption within your own industry and your absolute determination to make every American a drug addicted hypochondriac, medical testing junkie, I have decided to keep this ad posted for the rest of my life. When my step-dad does finally pass away from natural causes (years from now), I will post the update. But I will never let you sold-out drug pushing pigs get away with treating him like an ATM machine, leaving him riddled with side-effects, turning him into a slobbering basket case, ignoring the obvious, misdiagnosing him with advanced Alzheimer's, turning three lives upside down, and NEARLY KILLING HIM.
He's doing fine now that he's out of your greedy sold-out clutches. Unfortunately, tens of thousands of seniors out there are still bed ridden basket cases because of you. There is absolutely no doubt in my mind that Alzheimer's and Dementia are misdiagnosed more often than not because of your determination to drug the people of America, seniors in particular, FAR MORE OFTEN than necessary and because of the blithering idiot stupidity and utter naivete of their families. Stupidity and naivete so incredibly profound that it prevents them from doing the simple research to confirm common drug-related side effects like confusion, impaired thinking, memory loss, hallucinations, depression, agitation, irritability and loss of coordination. Those which mimic the symptoms of Alzheimer's and Dementia. Not to mention others like fast, slow, or irregular heartbeat, pounding heartbeat, angina, difficulty breathing, tightness in the chest, dizziness, and weakness. Those which mimic the symptoms of cardiovascular disease. If only they would wake the fxxx up and realize how incredibly corrupt and incompetent you really are. The majority could save their loved ones, get them off most of that PHARMACEUTICAL CRAP, and save tens or hundreds of thousands of dollars in the process.
But they won't because they are TOO GXX DXXX FXXXXXX STUPID.
The above photo is the problem with our health care industry in a nut shell. But it's even worse. Far more sinister. You see, our screwed up doctors almost never acknowledge the issue of drug-related side effects. By doing so, they would slit the throat of their own bloated greedy pig industry. Instead, they simply use the symptoms as an excuse to do more testing and diagnose one 'disease', 'disorder', or 'condition' after another. Almost never admitting that the symptoms were caused by taking too many drugs to begin with.
I've mentioned my step-dad several times on talk radio and several times online. As I've said from day one, he was misdiagnosed with advanced Alzheimer's (not to mention bipolar, schizophrenia, and various forms of heart disease). In fact, he has been taken to the emergency room over a dozen times because of drug-related side-effects. He also spent 4 months in a nursing home because EVERY ONE OF HIS DOCTORS at one of the highest rated hospitals in the country, had my mother convinced that he was dying of advanced Alzheimer's. Well, those doctors were all DEAD FXXXXXX WRONG.
When he left the hospital, he was on 8 separate prescription drugs daily. Most (maybe all) of them were totally unnecessary. As a direct result, he was a basket case. Within 5 days of being admitted to the nursing home, they had him up to 13 separate prescription drugs daily. As ANOTHER direct result, he went from bad to worse in their care. He was a complete fxxxxxx, babbling, slobbering, hallucinating, bed ridden, diaper wearing BASKET CASE.
Then, finally, after several months of screaming at doctors, nurses, and my own mother, she finally took the possibility of misdiagnosis seriously and got him the hell out of there. I spent the next several months doing additional research and arguing with my mother about just how low to cut his daily meds. This had to be done against the advice of at least a half dozen doctors. After all, they had already blown their own credibility out their rank a$$es. Their word meant CRAP to me.
Well, as expected, this first quarter ninth grade dropout has proven the largest industry in the world to be horribly corrupt and incompetent AGAIN. It isn't the first time. Not by a long shot.
My step-dad is now 81 years old. He is on two prescription drugs daily plus baby aspirin. Less than he has ever been on in the 12 years that I have known him and just a fraction of what the industry had him on at 79. The drastic cuts have been made carefully and gradually but AGAINST THE ADVICE of his doctors.
For the first time in over a decade, my step-dads mind and body are both stable. For the first time in over a decade, he has gone a full year with no visits to the emergency room. For the first time in over a decade, there is virtually no hint of any mental or physical disorder aside from a slight issue with short term memory and stiff hands. Personally, I feel that he would improve even further if he were to stop taking the last two prescription drugs that he still takes but I'm not absolutely sure and it's not imperative that we find out. He doesn't need to be perfect. He is doing fantastic. In fact, he functions like a healthy 65 year old.
If I had any belief whatsoever in God, I would call it a miracle straight from Heaven. But that's not what it is. He never should have been a fxxxxxx bed ridden basket case to begin with. The industry MADE HIM THAT WAY. IT WAS THEIR GXX DXXX FAULT TO BEGIN WITH. IT WAS THEIR GXX DXXX FAULT THAT HE WENT TO THE EMERGENCY ROOM FOR A POUNDING ERRATIC HEARTBEAT, A WELL KNOWN SIDE-EFFECT. IT WAS THEIR GXX DXXX FAULT THAT HE SPENT A MONTH IN THE HOSPITAL AND ANOTHER FOUR MONTHS IN A NURSING HOME. IT WASN'T ADVANCED ALZHEIMER'S OR DEMENTIA OR SCHIZOPHRENIA OR BIPOLAR OR ANY OTHER DISEASE. IT WAS ALL GXX DXXX DRUG-RELATED SIDE EFFECTS. VIRTUALLY EVERY PROBLEM THAT HE HAS HAD OVER THE LAST DECADE WAS A DRUG-RELATED SIDE-EFFECT. MOTHER NATURE DIDN'T SCREW UP OVER AND OVER AND OVER AND OVER AND OVER. THEY DID. THOSE GXX DXXX SOLD-OUT DRUG PUSHING GREEDY DOCTOR PIGS.
I think it's safe to say that his doctors all screwed up. AGAIN. This wasn't the first time. Not by a long shot. A few years ago, at the age of 72 or 73, he was prescribed Viagra by one of his sold-out drug pushing doctors. Aside from the obvious issue with his age and celibate lifestyle, his doctors also ignored the fact that he was taking nitrates for chest pain. Nitrates that he never would have been taking to begin with if it weren't for the angina caused by another drug that he was taking for high (or so he was told) blood pressure.
This is just one more of many examples in which my step-dad has been treated like an ATM machine by the health care industry. If one were to do the math, the total paid to cover his inappropriate care for bogus conditions and drug-related side-effects just within the last decade alone would certainly exceed $100,000.
My step-dad is just one of over 300,000,000 American citizens. Most of whom, have blind faith in their own doctors. The vast overwhelming majority of which are part of the problem. There are no words to fully describe the level of corruption and incompetence now rampant in our health care industry. It is nothing short of a national crisis.
Meanwhile, the debate over health care rages on. Unfortunately, that debate is based almost entirely on the FALSE belief that our health care industry is worth it's weight in crap to begin with.
It's not. For every one thing it does right, it does at least two wrong.
In many cases, dead wrong. Fortunately, my step-dad is one of the survivors.
But they damn near killed him.
If I had any belief whatsoever in God, I would pray for two meteors, each the size of a house. One for the hospital and one for the nursing home. They damn near killed my step-dad. They robbed him of nearly a half year of his life. They turned two more lives upside down in the process.
And they got paid for it.
Fortunately for at least a half dozen drug-pushing greedy pig doctors who have treated my step-dad like an ATM machine, I have enough self-discipline to resist the incredible urge to kill them.
and I do it without meds. Go figure (again).
Another update: We cuts his meds a little further. Now he takes baby aspirin daily and the other two a few times each week. His strength, cardio, and short term memory have all improved. So much for that 'dying of advanced Alzheimer's' CRAP. The man will almost certainly live to be healthy, strong, and competent over 90 just as long as we keep his meds low. It was the side-effects all along. 10 years of drug and doctor BS and well over $100,000 (probably closer to $200,000) of drug and doctor charges that never would have been incurred if it weren't for the profound corruption, greed, incompetence, and FRAUD now rampant within the US health care industry.
Still, the partisan debate over how to fix our health care system rages on.
image 1
I hope you're happy doctor pigs of America. Because of your absolute refusal to acknowledge the profound corruption within your own industry and your absolute determination to make every American a drug addicted hypochondriac, medical testing junkie, I have decided to keep this ad posted for the rest of my life. When my step-dad does finally pass away from natural causes (years from now), I will post the update. But I will never let you sold-out drug pushing pigs get away with treating him like an ATM machine, leaving him riddled with side-effects, turning him into a slobbering basket case, ignoring the obvious, misdiagnosing him with advanced Alzheimer's, turning three lives upside down, and NEARLY KILLING HIM.
He's doing fine now that he's out of your greedy sold-out clutches. Unfortunately, tens of thousands of seniors out there are still bed ridden basket cases because of you. There is absolutely no doubt in my mind that Alzheimer's and Dementia are misdiagnosed more often than not because of your determination to drug the people of America, seniors in particular, FAR MORE OFTEN than necessary and because of the blithering idiot stupidity and utter naivete of their families. Stupidity and naivete so incredibly profound that it prevents them from doing the simple research to confirm common drug-related side effects like confusion, impaired thinking, memory loss, hallucinations, depression, agitation, irritability and loss of coordination. Those which mimic the symptoms of Alzheimer's and Dementia. Not to mention others like fast, slow, or irregular heartbeat, pounding heartbeat, angina, difficulty breathing, tightness in the chest, dizziness, and weakness. Those which mimic the symptoms of cardiovascular disease. If only they would wake the fxxx up and realize how incredibly corrupt and incompetent you really are. The majority could save their loved ones, get them off most of that PHARMACEUTICAL CRAP, and save tens or hundreds of thousands of dollars in the process.
But they won't because they are TOO GXX DXXX FXXXXXX STUPID.
The above photo is the problem with our health care industry in a nut shell. But it's even worse. Far more sinister. You see, our screwed up doctors almost never acknowledge the issue of drug-related side effects. By doing so, they would slit the throat of their own bloated greedy pig industry. Instead, they simply use the symptoms as an excuse to do more testing and diagnose one 'disease', 'disorder', or 'condition' after another. Almost never admitting that the symptoms were caused by taking too many drugs to begin with.
I've mentioned my step-dad several times on talk radio and several times online. As I've said from day one, he was misdiagnosed with advanced Alzheimer's (not to mention bipolar, schizophrenia, and various forms of heart disease). In fact, he has been taken to the emergency room over a dozen times because of drug-related side-effects. He also spent 4 months in a nursing home because EVERY ONE OF HIS DOCTORS at one of the highest rated hospitals in the country, had my mother convinced that he was dying of advanced Alzheimer's. Well, those doctors were all DEAD FXXXXXX WRONG.
When he left the hospital, he was on 8 separate prescription drugs daily. Most (maybe all) of them were totally unnecessary. As a direct result, he was a basket case. Within 5 days of being admitted to the nursing home, they had him up to 13 separate prescription drugs daily. As ANOTHER direct result, he went from bad to worse in their care. He was a complete fxxxxxx, babbling, slobbering, hallucinating, bed ridden, diaper wearing BASKET CASE.
Then, finally, after several months of screaming at doctors, nurses, and my own mother, she finally took the possibility of misdiagnosis seriously and got him the hell out of there. I spent the next several months doing additional research and arguing with my mother about just how low to cut his daily meds. This had to be done against the advice of at least a half dozen doctors. After all, they had already blown their own credibility out their rank a$$es. Their word meant CRAP to me.
Well, as expected, this first quarter ninth grade dropout has proven the largest industry in the world to be horribly corrupt and incompetent AGAIN. It isn't the first time. Not by a long shot.
My step-dad is now 81 years old. He is on two prescription drugs daily plus baby aspirin. Less than he has ever been on in the 12 years that I have known him and just a fraction of what the industry had him on at 79. The drastic cuts have been made carefully and gradually but AGAINST THE ADVICE of his doctors.
For the first time in over a decade, my step-dads mind and body are both stable. For the first time in over a decade, he has gone a full year with no visits to the emergency room. For the first time in over a decade, there is virtually no hint of any mental or physical disorder aside from a slight issue with short term memory and stiff hands. Personally, I feel that he would improve even further if he were to stop taking the last two prescription drugs that he still takes but I'm not absolutely sure and it's not imperative that we find out. He doesn't need to be perfect. He is doing fantastic. In fact, he functions like a healthy 65 year old.
If I had any belief whatsoever in God, I would call it a miracle straight from Heaven. But that's not what it is. He never should have been a fxxxxxx bed ridden basket case to begin with. The industry MADE HIM THAT WAY. IT WAS THEIR GXX DXXX FAULT TO BEGIN WITH. IT WAS THEIR GXX DXXX FAULT THAT HE WENT TO THE EMERGENCY ROOM FOR A POUNDING ERRATIC HEARTBEAT, A WELL KNOWN SIDE-EFFECT. IT WAS THEIR GXX DXXX FAULT THAT HE SPENT A MONTH IN THE HOSPITAL AND ANOTHER FOUR MONTHS IN A NURSING HOME. IT WASN'T ADVANCED ALZHEIMER'S OR DEMENTIA OR SCHIZOPHRENIA OR BIPOLAR OR ANY OTHER DISEASE. IT WAS ALL GXX DXXX DRUG-RELATED SIDE EFFECTS. VIRTUALLY EVERY PROBLEM THAT HE HAS HAD OVER THE LAST DECADE WAS A DRUG-RELATED SIDE-EFFECT. MOTHER NATURE DIDN'T SCREW UP OVER AND OVER AND OVER AND OVER AND OVER. THEY DID. THOSE GXX DXXX SOLD-OUT DRUG PUSHING GREEDY DOCTOR PIGS.
I think it's safe to say that his doctors all screwed up. AGAIN. This wasn't the first time. Not by a long shot. A few years ago, at the age of 72 or 73, he was prescribed Viagra by one of his sold-out drug pushing doctors. Aside from the obvious issue with his age and celibate lifestyle, his doctors also ignored the fact that he was taking nitrates for chest pain. Nitrates that he never would have been taking to begin with if it weren't for the angina caused by another drug that he was taking for high (or so he was told) blood pressure.
This is just one more of many examples in which my step-dad has been treated like an ATM machine by the health care industry. If one were to do the math, the total paid to cover his inappropriate care for bogus conditions and drug-related side-effects just within the last decade alone would certainly exceed $100,000.
My step-dad is just one of over 300,000,000 American citizens. Most of whom, have blind faith in their own doctors. The vast overwhelming majority of which are part of the problem. There are no words to fully describe the level of corruption and incompetence now rampant in our health care industry. It is nothing short of a national crisis.
Meanwhile, the debate over health care rages on. Unfortunately, that debate is based almost entirely on the FALSE belief that our health care industry is worth it's weight in crap to begin with.
It's not. For every one thing it does right, it does at least two wrong.
In many cases, dead wrong. Fortunately, my step-dad is one of the survivors.
But they damn near killed him.
If I had any belief whatsoever in God, I would pray for two meteors, each the size of a house. One for the hospital and one for the nursing home. They damn near killed my step-dad. They robbed him of nearly a half year of his life. They turned two more lives upside down in the process.
And they got paid for it.
Fortunately for at least a half dozen drug-pushing greedy pig doctors who have treated my step-dad like an ATM machine, I have enough self-discipline to resist the incredible urge to kill them.
and I do it without meds. Go figure (again).
Another update: We cuts his meds a little further. Now he takes baby aspirin daily and the other two a few times each week. His strength, cardio, and short term memory have all improved. So much for that 'dying of advanced Alzheimer's' CRAP. The man will almost certainly live to be healthy, strong, and competent over 90 just as long as we keep his meds low. It was the side-effects all along. 10 years of drug and doctor BS and well over $100,000 (probably closer to $200,000) of drug and doctor charges that never would have been incurred if it weren't for the profound corruption, greed, incompetence, and FRAUD now rampant within the US health care industry.
Still, the partisan debate over how to fix our health care system rages on.
My critics in San Francisco are pathetic cowards. Deleted entry #9.
Simple math. The rich are too rich. Period. (Nationwide.)
Even after several years of this, it still boggles my mind trying to understand what sort of mass learning disability prevents so many people from understanding the simple equation or it's relevance.
The richest 1% currently hold over 40% of ALL privately held US wealth. This is true EVEN AFTER you account for what they 'give back'. Some of this wealth was 'created' along with more currency to cover the related transactions but the lion's share of wealth held by the richest 1% has been TRANSFERRED FROM US TO THEM over the last 38 years.
In 1976, the richest 1% held less than 20% of all privately held US wealth. This was less than 1/2 of their previous high of 44% in 1929, the first year of the Great Depression, which by the way was CAUSED by that obscene concentration of wealth and CURED with a partial redistribution of wealth which took place gradually over time.
In 1976, the bottom 99% of American households were sharing over 80% of all privately held US wealth. This was enough to sustain a strong and large middle class while keeping the majority of lower class households out of poverty. They weren't doing well but they were doing ok. The system was working. Most US households were able to make ends meet on the income of a single full time provider. Americans, in general, were thriving. They had home equity and money in the bank.
Right around 1976, probably the 3rd or 4th quarter, the privately held wealth of America began to concentrate all over again. At first, it was a slow concentration resulting primarily from automation, outsourcing, higher corporate profits, and a change of law regarding the trade of oil. Then, Reagan came along and granted huge tax breaks for the rich. While this was great for 'growth' in general, it was bad for the lower majority because it concentrated too much actual wealth and buying power. This along with the growing irresponsibility of the American consumer junkie concentrated more and more bottom line wealth while increasing consumer debt drastically. In fact, it literally multiplied.
As the share of wealth held by the richest 1% increased significantly from under 20% in 1976, the share of wealth held by the lower 99% dropped from over 80% in 1976 to significantly less. Our nation's privately held wealth was being transferred from poor to rich. AGAIN.
Within a few years, the equation was no longer working for the average American household. It became more and more necessary for American households to secure second incomes in order to make ends meet. Still the concentration of wealth was allowed to continue. The middle class was shrinking and the lower class was expanding. This effectively INCREASED the NEED for welfare and charity within the US.
By the early 90s, home equity was down significantly and something had to be done in order to sustain the US housing market. But the bankers didn't want 'sustenance'. That was too boring. They wanted GROWTH and LOTS of it to CASH IN ON. Sub-prime is what the finance industry came up with. The laws requiring downpayments were changed as a favor for the finance industry, the first sub-prime loans were made in 94, the housing market was artificially inflated, home sales were way up within a year or two, and corporate profits soared. This made the already rich even richer.
In 2005, Allen Greenspan issued the following warning to Congress: "The income gap between the rich and the rest of the US population has become so wide and is growing so fast that it may eventually threaten the stability of Democratic Capitalism itself."
By 2007, just as Allen Greenspan warned, BECAUSE of the growing concentration of income, the US economy had in fact, become unstable. The middle class had simply become too weak to sustain their share of the US economy. Meanwhile, the less valuable sub-prime paper had been sold to unsuspecting investors. The housing market collapsed in part, because of and IN SPITE of sub-prime, market value was lost, the final batch of investments became worthless, Fanny Mae and Freddy Mac failed along with a number of smaller banks, jobs were in the process of being lost by the millions, the 780 BILLION DOLLAR bailout of 2008 became necessary, and Barack Obama was elected in order to right the ship. He did so primarily with more welfare and government stimulus. This is the 'printed money' so many people have the GALL to complain about.
Unfortunately, the privately held wealth of America has been allowed to keep concentrating. In part, because Obama has also done a number of favors for the rich and their respective industries. The concentration is not identical to that of 1929 but it's close enough.
The richest 1% currently hold over 40% of all privately held US wealth. As a DIRECT RESULT, there simply is not enough wealth circulating beneath them to make ends meet for the lower 99%. Sure, the top 20% is doing fine but most of that wealth is held by the richest 1%.
The lower majority of American households continue to struggle as they share a near record low of privately held US wealth. Many, in spite of multiple incomes. The lower class has expanded significantly increasing the need for welfare and charity even further. Meanwhile, the rich continue to get richer and richer EVEN AFTER you account for what they 'give back'.
A similar rule applies on a global scale.
Last time I checked, the 'philanthropist' Warren Buffet was the richest man in the world.
In other words, Warren Buffet and the richest 1% in general are CAUSING THE SAME PROBLEMS THEY PRETEND TO CARE ABOUT. THEY ARE CAUSING HARDSHIP FOR MILLIONS. THEY WILL CAUSE ANOTHER US/GLOBAL DEPRESSION WITH 5 YEARS. HUNDREDS OF MILLIONS WORLDWIDE WILL SUFFER EVEN MORE BECAUSE OF THEM. THAT IS A SOLEMN PROMISE.
ALL OF THE ABOVE IS A DIRECT CORRELATION. GREED KILLS.
Now do you get it?
If not, then lock yourself in a room with a few friends and keep playing the game of Monopoly over and over until you FINALLY understand.
THERE IS NO SUCH THING AS A MULTI-MILLIONAIRE HUMANITARIAN.
Even after several years of this, it still boggles my mind trying to understand what sort of mass learning disability prevents so many people from understanding the simple equation or it's relevance.
The richest 1% currently hold over 40% of ALL privately held US wealth. This is true EVEN AFTER you account for what they 'give back'. Some of this wealth was 'created' along with more currency to cover the related transactions but the lion's share of wealth held by the richest 1% has been TRANSFERRED FROM US TO THEM over the last 38 years.
In 1976, the richest 1% held less than 20% of all privately held US wealth. This was less than 1/2 of their previous high of 44% in 1929, the first year of the Great Depression, which by the way was CAUSED by that obscene concentration of wealth and CURED with a partial redistribution of wealth which took place gradually over time.
In 1976, the bottom 99% of American households were sharing over 80% of all privately held US wealth. This was enough to sustain a strong and large middle class while keeping the majority of lower class households out of poverty. They weren't doing well but they were doing ok. The system was working. Most US households were able to make ends meet on the income of a single full time provider. Americans, in general, were thriving. They had home equity and money in the bank.
Right around 1976, probably the 3rd or 4th quarter, the privately held wealth of America began to concentrate all over again. At first, it was a slow concentration resulting primarily from automation, outsourcing, higher corporate profits, and a change of law regarding the trade of oil. Then, Reagan came along and granted huge tax breaks for the rich. While this was great for 'growth' in general, it was bad for the lower majority because it concentrated too much actual wealth and buying power. This along with the growing irresponsibility of the American consumer junkie concentrated more and more bottom line wealth while increasing consumer debt drastically. In fact, it literally multiplied.
As the share of wealth held by the richest 1% increased significantly from under 20% in 1976, the share of wealth held by the lower 99% dropped from over 80% in 1976 to significantly less. Our nation's privately held wealth was being transferred from poor to rich. AGAIN.
Within a few years, the equation was no longer working for the average American household. It became more and more necessary for American households to secure second incomes in order to make ends meet. Still the concentration of wealth was allowed to continue. The middle class was shrinking and the lower class was expanding. This effectively INCREASED the NEED for welfare and charity within the US.
By the early 90s, home equity was down significantly and something had to be done in order to sustain the US housing market. But the bankers didn't want 'sustenance'. That was too boring. They wanted GROWTH and LOTS of it to CASH IN ON. Sub-prime is what the finance industry came up with. The laws requiring downpayments were changed as a favor for the finance industry, the first sub-prime loans were made in 94, the housing market was artificially inflated, home sales were way up within a year or two, and corporate profits soared. This made the already rich even richer.
In 2005, Allen Greenspan issued the following warning to Congress: "The income gap between the rich and the rest of the US population has become so wide and is growing so fast that it may eventually threaten the stability of Democratic Capitalism itself."
By 2007, just as Allen Greenspan warned, BECAUSE of the growing concentration of income, the US economy had in fact, become unstable. The middle class had simply become too weak to sustain their share of the US economy. Meanwhile, the less valuable sub-prime paper had been sold to unsuspecting investors. The housing market collapsed in part, because of and IN SPITE of sub-prime, market value was lost, the final batch of investments became worthless, Fanny Mae and Freddy Mac failed along with a number of smaller banks, jobs were in the process of being lost by the millions, the 780 BILLION DOLLAR bailout of 2008 became necessary, and Barack Obama was elected in order to right the ship. He did so primarily with more welfare and government stimulus. This is the 'printed money' so many people have the GALL to complain about.
Unfortunately, the privately held wealth of America has been allowed to keep concentrating. In part, because Obama has also done a number of favors for the rich and their respective industries. The concentration is not identical to that of 1929 but it's close enough.
The richest 1% currently hold over 40% of all privately held US wealth. As a DIRECT RESULT, there simply is not enough wealth circulating beneath them to make ends meet for the lower 99%. Sure, the top 20% is doing fine but most of that wealth is held by the richest 1%.
The lower majority of American households continue to struggle as they share a near record low of privately held US wealth. Many, in spite of multiple incomes. The lower class has expanded significantly increasing the need for welfare and charity even further. Meanwhile, the rich continue to get richer and richer EVEN AFTER you account for what they 'give back'.
A similar rule applies on a global scale.
Last time I checked, the 'philanthropist' Warren Buffet was the richest man in the world.
In other words, Warren Buffet and the richest 1% in general are CAUSING THE SAME PROBLEMS THEY PRETEND TO CARE ABOUT. THEY ARE CAUSING HARDSHIP FOR MILLIONS. THEY WILL CAUSE ANOTHER US/GLOBAL DEPRESSION WITH 5 YEARS. HUNDREDS OF MILLIONS WORLDWIDE WILL SUFFER EVEN MORE BECAUSE OF THEM. THAT IS A SOLEMN PROMISE.
ALL OF THE ABOVE IS A DIRECT CORRELATION. GREED KILLS.
Now do you get it?
If not, then lock yourself in a room with a few friends and keep playing the game of Monopoly over and over until you FINALLY understand.
THERE IS NO SUCH THING AS A MULTI-MILLIONAIRE HUMANITARIAN.
My critics in San Francisco are pathetic cowards. Deleted entry #8.
The Global Warming deniers were really intimidated by this one. 97%. (Nationwide.)
Gee what a shock. My pathetic coward critics, as usual, threw a fit over yet another compelling entry.
Without further adieu,
No Global Warming denier. The scientific consensus on Anthropogenic Global Warming is real. You're just too much of a partisan coward to acknowledge it.
For example: (Read the last line carefully.)
Consensus: 97% of climate scientists agree. Global Warming is real and caused primarily by man.
Temperature data taken from four international science institutions all show rapid warming over the past few decades. The last decade has been the warmest on record.
Ninety-seven percent of climate scientists agree that Global Warming trends over the past century are very likely due to human activities. Most of the leading scientific organizations worldwide have issued public statements endorsing this position. The following is a partial list of these organizations.
AMERICAN SCIENTIFIC SOCIETIES
"Observations throughout the world make it clear that climate change is occurring, and rigorous scientific research demonstrates that the greenhouse gases emitted by human activities are the primary driver."
American Association for the Advancement of Science
"The scientific evidence is clear: global climate change caused by human activities is occurring now, and it is a growing threat to society."
American Chemical Society
"Comprehensive scientific assessments of our current and potential future climates clearly indicate that climate change is real, largely attributable to emissions from human activities, and potentially a very serious problem."
American Geophysical Union
"Human induced climate change requires urgent action. Humanity is the major influence on the global climate change observed over the past 50 years. Rapid societal responses can significantly lessen negative outcomes."
American Meteorological Society
"It is clear from extensive scientific evidence that the dominant cause of the rapid change in climate of the past half century is human-induced increases in the amount of atmospheric greenhouse gases, including carbon dioxide (CO2), chlorofluorocarbons, methane, and nitrous oxide."
American Physical Society
"The evidence is incontrovertible: Global warming is occurring. If no mitigating actions are taken, significant disruptions in the Earth's physical and ecological systems, social systems, security and human health are likely to occur. We must reduce emissions of greenhouse gases beginning now."
The Geological Society of America
"The Geological Society of America (GSA) concurs with assessments by the National Academies of Science, the National Research Council, and the Intergovernmental Panel on Climate Change that global climate has warmed and that human activities (mainly greenhouse gas emissions) account for most of the warming since the middle 1900s."
INTERGOVERNMENTAL BODIES
Intergovernmental Panel on Climate Change (This is the big one. It's international and non-partisan.)
"Warming of the climate system is unequivocal, as is now evident from observations of increases in global average air and ocean temperatures, widespread melting of snow and ice, and rising global average sea level."
"Most of the observed increase in global average temperatures since the mid-20th century is very likely* due to the observed increase in anthropogenic greenhouse gas concentrations."
*IPCC defines 'very likely' as greater than 90 percent probability of occurrence.
Without further adieu,
No Global Warming denier. The scientific consensus on Anthropogenic Global Warming is real. You're just too much of a partisan coward to acknowledge it.
For example: (Read the last line carefully.)
Consensus: 97% of climate scientists agree. Global Warming is real and caused primarily by man.
Temperature data taken from four international science institutions all show rapid warming over the past few decades. The last decade has been the warmest on record.
Ninety-seven percent of climate scientists agree that Global Warming trends over the past century are very likely due to human activities. Most of the leading scientific organizations worldwide have issued public statements endorsing this position. The following is a partial list of these organizations.
AMERICAN SCIENTIFIC SOCIETIES
"Observations throughout the world make it clear that climate change is occurring, and rigorous scientific research demonstrates that the greenhouse gases emitted by human activities are the primary driver."
American Association for the Advancement of Science
"The scientific evidence is clear: global climate change caused by human activities is occurring now, and it is a growing threat to society."
American Chemical Society
"Comprehensive scientific assessments of our current and potential future climates clearly indicate that climate change is real, largely attributable to emissions from human activities, and potentially a very serious problem."
American Geophysical Union
"Human induced climate change requires urgent action. Humanity is the major influence on the global climate change observed over the past 50 years. Rapid societal responses can significantly lessen negative outcomes."
American Meteorological Society
"It is clear from extensive scientific evidence that the dominant cause of the rapid change in climate of the past half century is human-induced increases in the amount of atmospheric greenhouse gases, including carbon dioxide (CO2), chlorofluorocarbons, methane, and nitrous oxide."
American Physical Society
"The evidence is incontrovertible: Global warming is occurring. If no mitigating actions are taken, significant disruptions in the Earth's physical and ecological systems, social systems, security and human health are likely to occur. We must reduce emissions of greenhouse gases beginning now."
The Geological Society of America
"The Geological Society of America (GSA) concurs with assessments by the National Academies of Science, the National Research Council, and the Intergovernmental Panel on Climate Change that global climate has warmed and that human activities (mainly greenhouse gas emissions) account for most of the warming since the middle 1900s."
INTERGOVERNMENTAL BODIES
Intergovernmental Panel on Climate Change (This is the big one. It's international and non-partisan.)
"Warming of the climate system is unequivocal, as is now evident from observations of increases in global average air and ocean temperatures, widespread melting of snow and ice, and rising global average sea level."
"Most of the observed increase in global average temperatures since the mid-20th century is very likely* due to the observed increase in anthropogenic greenhouse gas concentrations."
*IPCC defines 'very likely' as greater than 90 percent probability of occurrence.
Friday, September 19, 2014
My critics in San Francisco are pathetic cowards. Deleted entry #7.
Again, some people, rich pigs and die-hard conservatives in particular, find the following truth very threatening. They flagged it repeatedly until it finally got deleted.
A solemn promise. I will be here for a VERY long time regardless. (Nationwide.)
As long as the COW and the dumbing down of America for profit exist, I'll be right here to inform others. and there. and there. and there. and there. and there. I've been at this for over 8 years now. I've posted well over 20,000 web entries and I've made over 700 calls to talk radio. I've made a lot of very determined enemies along the way. Every psychological trick in the book has been tried on me. Not one of them has ever had their desired effect. They never will.
So do as you will cowardly critics. Respond, ignore, flag or don't flag. But unless you have plans to break my neck, a possibility that I've already planned for, you can forget about breaking my will. Say that reminds me.
Another word about the first Great Depression. It really was a perfect storm. Caused almost entirely by greed. First, there was unprecedented economic growth. There was a massive building spree. There was a growing sense of optimism and materialism. There was a growing obsession for celebrities. The American people became spoiled, foolish, naive, brainwashed, and love-sick. They were bombarded with ads for one product or service after another. Encouraged to spend all of their money as if it were going out of style. Obscene profits were hoarded at the top. In 1928, the rich were already way ahead. Still, they were given huge tax breaks. All of this represented a MASSIVE transfer of wealth from poor to rich. Executives, entrepreneurs, developers, celebrities, and share holders. By 1929, America's wealthiest 1 percent had accumulated 44 percent of all United States wealth. The upper, middle, and lower classes were left to share the rest. When the lower majority finally ran low on money to spend, profits declined and the stock market crashed.
Of course, the rich threw a fit and started cutting jobs. They would stop at nothing to maintain their disgusting profit margins and ill-gotten obscene levels of wealth as long as possible. The small business owners did what they felt necessary to survive. They cut more jobs. The losses were felt primarily by the little guy. This created a domino effect. The middle class shrunk drastically and the lower class expanded. With less wealth in reserve and active circulation, banks failed by the hundreds. More jobs were cut. Unemployment reached 25% in 1933. The worst year of the Great Depression. Those who were employed had to settle for much lower wages. Millions went cold and hungry. The recovery involved a massive infusion of new currency, 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, some US wealth was gradually transferred back down to the lower majority. This redistribution of wealth continued until the mid seventies. By 1976, the richest 1 percent held less than 20 percent. The lower majority held the rest. This was the recovery. A TRUE recovery. A partial redistribution of wealth.
Then it began to concentrate all over again. Here we are 38 years later. The richest one percent now own over 40 percent of all US wealth. The upper, middle, and lower classes are sharing the rest. This is true even after taxes, welfare, financial aid, and charity.
The government won't step in and do what's necessary. Not this time. It's up to us. Support small business more and big business less. Support the little guy more and the big guy less. It's tricky but not impossible.
For the good of society, stop giving so much of your money to rich people.
By the way, the CBO just recently confirmed that government stimulus will be necessary, get this and get it good, FOREVER. One of the primary factors hindering growth according to the CBO, is, you may want to sit down for this one critics, that's right, THE HIGH CONCENTRATION OF WEALTH.
Like I've been saying for 9 years now, the rich have become too rich. Now, we are paying for it.
So please, those of you who care about society more than you care about your favorite gadget or celebrity, STOP GIVING SO MUCH OF YOUR MONEY TO RICH PEOPLE.
No? Ok then. Plan for another severe economic depression. The likes of which have not been seen in 80 years. It will be here by 2020. Sooner and more severe if we implement more conservative economic policies. That's a promise.
A solemn promise. I will be here for a VERY long time regardless. (Nationwide.)
As long as the COW and the dumbing down of America for profit exist, I'll be right here to inform others. and there. and there. and there. and there. and there. I've been at this for over 8 years now. I've posted well over 20,000 web entries and I've made over 700 calls to talk radio. I've made a lot of very determined enemies along the way. Every psychological trick in the book has been tried on me. Not one of them has ever had their desired effect. They never will.
So do as you will cowardly critics. Respond, ignore, flag or don't flag. But unless you have plans to break my neck, a possibility that I've already planned for, you can forget about breaking my will. Say that reminds me.
Another word about the first Great Depression. It really was a perfect storm. Caused almost entirely by greed. First, there was unprecedented economic growth. There was a massive building spree. There was a growing sense of optimism and materialism. There was a growing obsession for celebrities. The American people became spoiled, foolish, naive, brainwashed, and love-sick. They were bombarded with ads for one product or service after another. Encouraged to spend all of their money as if it were going out of style. Obscene profits were hoarded at the top. In 1928, the rich were already way ahead. Still, they were given huge tax breaks. All of this represented a MASSIVE transfer of wealth from poor to rich. Executives, entrepreneurs, developers, celebrities, and share holders. By 1929, America's wealthiest 1 percent had accumulated 44 percent of all United States wealth. The upper, middle, and lower classes were left to share the rest. When the lower majority finally ran low on money to spend, profits declined and the stock market crashed.
Of course, the rich threw a fit and started cutting jobs. They would stop at nothing to maintain their disgusting profit margins and ill-gotten obscene levels of wealth as long as possible. The small business owners did what they felt necessary to survive. They cut more jobs. The losses were felt primarily by the little guy. This created a domino effect. The middle class shrunk drastically and the lower class expanded. With less wealth in reserve and active circulation, banks failed by the hundreds. More jobs were cut. Unemployment reached 25% in 1933. The worst year of the Great Depression. Those who were employed had to settle for much lower wages. Millions went cold and hungry. The recovery involved a massive infusion of new currency, 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, some US wealth was gradually transferred back down to the lower majority. This redistribution of wealth continued until the mid seventies. By 1976, the richest 1 percent held less than 20 percent. The lower majority held the rest. This was the recovery. A TRUE recovery. A partial redistribution of wealth.
Then it began to concentrate all over again. Here we are 38 years later. The richest one percent now own over 40 percent of all US wealth. The upper, middle, and lower classes are sharing the rest. This is true even after taxes, welfare, financial aid, and charity.
The government won't step in and do what's necessary. Not this time. It's up to us. Support small business more and big business less. Support the little guy more and the big guy less. It's tricky but not impossible.
For the good of society, stop giving so much of your money to rich people.
By the way, the CBO just recently confirmed that government stimulus will be necessary, get this and get it good, FOREVER. One of the primary factors hindering growth according to the CBO, is, you may want to sit down for this one critics, that's right, THE HIGH CONCENTRATION OF WEALTH.
Like I've been saying for 9 years now, the rich have become too rich. Now, we are paying for it.
So please, those of you who care about society more than you care about your favorite gadget or celebrity, STOP GIVING SO MUCH OF YOUR MONEY TO RICH PEOPLE.
No? Ok then. Plan for another severe economic depression. The likes of which have not been seen in 80 years. It will be here by 2020. Sooner and more severe if we implement more conservative economic policies. That's a promise.
Tuesday, August 26, 2014
My critics in San Francisco are cowards. Deleted entry #6.
The webpage has been created as promised. (Nationwide.)
The web page has been created as promised.
Https://MyCriticsInSanFranciscoAreCowards.Blogspot.com
Now all of my flagged SF entries will be web searchable for years to come. Say that reminds me.
The first sub-prime loans were issued in 1994. It was a gimmick to sell more homes, artificially inflate the market, sell more homes at higher profits, foreclose on those who could not pay when the ARM rates readjusted, take their homes leaving them with nothing to show for their payments, resell the homes at a higher profit and so on. It was a cruel and calculated plan to sell more homes and artificially inflate the market. Those loans were incredibly profitable for well over a decade before the house of cards finally collapsed. In the meantime, bankers got richer along with the richest one percent who made off with higher dividends. It was a sham.
The biggest player in the game was Countrywide. Endorsed by Oprah Winfrey, Ellen Degeneres, and Dr Phil. If you have their shows from '04' to '06' on tape, watch them again. All three were paid millions specifically to endorse Countrywide by name. The biggest sub-prime player in the game. They issued more ARM loans than anyone else. Foreclosing on those who could not make their monthly payments when the rates suddenly went through the roof. It was a cruel and calculated plan to sell more homes, artificially inflate the market, foreclose, and resell for a higher profit. The sham worked like a charm for 12 years before the house of cards finally fell in.
At this approximate time, the worthless paper was sold to unsuspecting investors.
So where did the money go? Again, it went to the rich. That's where. It went to the rich for approximately 12 years uninterrupted until the market finally collapsed. The difference was simply lost in market value which again, was artificially increased to begin with.
By the way, there never would have been such a market for sub-prime if it weren't for the record high concentration of wealth and income. That underlying cause still hasn't been resolved and it never will be but the $780 billion dollar bank bailout in 2008 along with over a trillion in government stimulus since then has been keeping the economy on life support.
We do have the illusion of a recovery which is a lot better than nothing short term but it's not a true recovery. The lower majority have not gained any ground whatsoever. Not one inch in terms of net worth or actual buying power. There will be no true recovery without a significant redistribution of wealth. If we are to keep treading water, then government stimulus will be necessary for years to come.
I don't see that happening. I fully expect another crash followed by another Great Depression. It will take place in the near future. Almost certainly within 5 years. Sooner and more severe if we end up with more conservative economic policies.
Either way, the resulting hardship will be endured almost entirely by the lower majority. Not the rich. Just like it was during the first Great Depression.
You may be asking yourself how we ever recovered from the first Great Depression if what I say is true.
That's easy. Because of a massive infusion of new currency under FDR, government stimulus paid primarily to the low end, WWII, and higher taxes, primarily on the rich to help pay for it, we had a significant and absolutely necessary redistribution of wealth (double digits) from the early 40's to 1976. This final year was the best ever for the middle class. Most households had sufficient income on just one provider. They had home equity and money in the bank.
This was the recovery. A TRUE recovery. A partial redistribution of wealth.
Unfortunately, all of that progress has been reversed because of tax breaks for the rich and their golden corporate geese, the bloated PIG health care industry, the energy and finance industries, the entertainment industry, the electronics industry, the corrupt government, and the dumbest generation of celebrity worshiping, pill popping, 'gotta have it', consumer junkie morons ever. Now, once again, we have the highest concentration of wealth in US history.
It can't work this way. The equation is mathematically impossible to sustain. The depression will come by 2020. Sooner and more severe if we end up with more conservative economic policies.
The web page has been created as promised.
Https://MyCriticsInSanFranciscoAreCowards.Blogspot.com
Now all of my flagged SF entries will be web searchable for years to come. Say that reminds me.
The first sub-prime loans were issued in 1994. It was a gimmick to sell more homes, artificially inflate the market, sell more homes at higher profits, foreclose on those who could not pay when the ARM rates readjusted, take their homes leaving them with nothing to show for their payments, resell the homes at a higher profit and so on. It was a cruel and calculated plan to sell more homes and artificially inflate the market. Those loans were incredibly profitable for well over a decade before the house of cards finally collapsed. In the meantime, bankers got richer along with the richest one percent who made off with higher dividends. It was a sham.
The biggest player in the game was Countrywide. Endorsed by Oprah Winfrey, Ellen Degeneres, and Dr Phil. If you have their shows from '04' to '06' on tape, watch them again. All three were paid millions specifically to endorse Countrywide by name. The biggest sub-prime player in the game. They issued more ARM loans than anyone else. Foreclosing on those who could not make their monthly payments when the rates suddenly went through the roof. It was a cruel and calculated plan to sell more homes, artificially inflate the market, foreclose, and resell for a higher profit. The sham worked like a charm for 12 years before the house of cards finally fell in.
At this approximate time, the worthless paper was sold to unsuspecting investors.
So where did the money go? Again, it went to the rich. That's where. It went to the rich for approximately 12 years uninterrupted until the market finally collapsed. The difference was simply lost in market value which again, was artificially increased to begin with.
By the way, there never would have been such a market for sub-prime if it weren't for the record high concentration of wealth and income. That underlying cause still hasn't been resolved and it never will be but the $780 billion dollar bank bailout in 2008 along with over a trillion in government stimulus since then has been keeping the economy on life support.
We do have the illusion of a recovery which is a lot better than nothing short term but it's not a true recovery. The lower majority have not gained any ground whatsoever. Not one inch in terms of net worth or actual buying power. There will be no true recovery without a significant redistribution of wealth. If we are to keep treading water, then government stimulus will be necessary for years to come.
I don't see that happening. I fully expect another crash followed by another Great Depression. It will take place in the near future. Almost certainly within 5 years. Sooner and more severe if we end up with more conservative economic policies.
Either way, the resulting hardship will be endured almost entirely by the lower majority. Not the rich. Just like it was during the first Great Depression.
You may be asking yourself how we ever recovered from the first Great Depression if what I say is true.
That's easy. Because of a massive infusion of new currency under FDR, government stimulus paid primarily to the low end, WWII, and higher taxes, primarily on the rich to help pay for it, we had a significant and absolutely necessary redistribution of wealth (double digits) from the early 40's to 1976. This final year was the best ever for the middle class. Most households had sufficient income on just one provider. They had home equity and money in the bank.
This was the recovery. A TRUE recovery. A partial redistribution of wealth.
Unfortunately, all of that progress has been reversed because of tax breaks for the rich and their golden corporate geese, the bloated PIG health care industry, the energy and finance industries, the entertainment industry, the electronics industry, the corrupt government, and the dumbest generation of celebrity worshiping, pill popping, 'gotta have it', consumer junkie morons ever. Now, once again, we have the highest concentration of wealth in US history.
It can't work this way. The equation is mathematically impossible to sustain. The depression will come by 2020. Sooner and more severe if we end up with more conservative economic policies.
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