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.
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