Forum Post: The 1% exist because we allow it
Posted 13 years ago on Nov. 30, 2011, 1:56 p.m. EST by FYouGotMine
(2)
from P'yŏngyang, 平壤
This content is user submitted and not an official statement
Why doesn't anyone focus on this? The 1% only got where they are by exploiting others and without us there wouldn't even be a system for them to have done so.
We have been calling out this web of fraudulent debt, money as debt on interest to be paid to cartel of banksters, for a long time. and so many proofs for instance Another proof of Wall Street destroying Main Street , for obscene profits while destroying the real world The Dumbest Idea In The World Maximizing Shareholder Value http://www.forbes.com/sites/stevedenning/2011/11/28/maximizing-shareholder-value-the-dumbest-idea-in-the-world/ key quotes The “real market,” ... world in which factories are built, products are designed and produced, real products and services are bought and sold, revenues are earned, expenses are paid, and real dollars of profit show up on the bottom line. ... The expectations market is the world in which shares in companies are traded between investors—in other words, the stock market.... Our theories of shareholder value maximization and stock-based compensation have the ability to destroy our economy and rot out the core of American capitalism. .... until we change the theories, future crashes are inevitable.” “A pervasive emphasis on the expectations market...has ....introduced parasitic market players..... Bottom-line: capitalism is at risk American capitalism hangs in the balance, writes Martin. His book gives a clear explanations as to why this is so and what should be done to save it.... A large number of rent-collectors and financial middlemen making vast amounts of money are keeping the current system in place. The fact that what they are doing is destroying the economy will not sway their thinking. As Upton Sinclair noted, “It is difficult to get a man to understand something, when his salary depends upon his not understanding it.”
also see: Sovereign bond crisis in US & Euro the beginning of total collapse See http://terrorismbreedsterrorism.wordpress.com/sovereign-bond-crisis-in-us-euro-the-beginning-of-total-collapse/ Key quote For Pento, however, sovereign default is a matter of mathematics. “History is replete with examples that indicate once a nation reaches a debt to GDP ratio of between 90-100 percent, two pernicious conditions begin to appear,” he said. First, public debt drains capital from the private sector, which stymies economic growth. Second, the bond market no longer believes the country can repay its debt (partly because of the slowed economic growth). The market then charges the country higher borrowing rates, which leads it down a spiral of debt unsustainability. At the end of the 2010, the debt to GDP ratio was 94 percent for the U.S., 220 percent for Japan, and 119 percent for Italy, according to the IMF. Pento said eventually, these countries will either have to outright default or print their way out of their debt. Both scenarios, he said, will be deleterious to the economy.
Hedge Hogs; Gold Man’s Sacks; “financial terrorist attacks;” and the Obama sellout: http://abusalmandeyauddeeneberle.wordpress.com/hedge-hogs-gold-man%E2%80%99s-sacks-%E2%80%9Cfinancial-terrorist-attacks%E2%80%9D-and-the-obama-sellout/ SUPER COMMITTEE BIG BANK ROBBERY and “this sucker” going down http://abusalmandeyauddeeneberle.wordpress.com/super-committee-big-bank-robbery-and-this-sucker-going-down/ Terrorism by Economic Collapse, debt bondage, money as debt on interest, etc http://terrorismbreedsterrorism.wordpress.com/terrorism-topics/terrorism-by-economic-collapse/ Derivatives ‘Mother of All Bubbles’ exploding
http://inlightofrecentevents.wordpress.com/2011/10/14/derivatives-%E2%80%98mother-of-all-bubbles%E2%80%99-exploding/ Super rich 1% vs 99 %; Terrorism Cycle: Guillotines: Occupy “ALL” streets http://inlightofrecentevents.wordpress.com/derivatives-%E2%80%98mother-of-all-bubbles%E2%80%99-exploding/
yes we first gave them our consent when we allowed the American Japanese- men women and children to be put in concentration camps. -- we said nothing! since ww2 we have allowed this corrupt government to force our neighbors children to die in economic wars of conquest-- we said nothing! we have allowed the enslavement of most of the world people- so the 1% could get richer- we said nothing! Then came OWS with a vision of freedom- freedom for all the worlds people- now we are going to speak up. march, scream- anything to take a stand against oppression.
training web page http://tinyurl.com/7rvpv43