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40 Percent Of Egyptians Live On 2 Dollars A Day Or Less And The Global Elite Like It That Way

After thousands of years of “progress” and “societal evolution”, how is it possible that most of the world is still living in soul crushing poverty?  In recent days, it has been reported all over the media that 40 percent of Egyptians live on 2 dollars a day or less.  Sadly, there are lots of other countries where even larger percentages of the population live in abject poverty.  So how in the world did this happen?  We can send men into space, we can send electronic communications to the other side of the globe in an instant and we can destroy entire cities with a single bomb and yet we can’t figure out how to set up an economic system that will provide jobs, food and housing for everyone on the planet?  That doesn’t seem right.  That doesn’t seem right at all.

Is something else going on here?  Well, a clue can be found in what is going on in Egypt.  The revolution in Egypt has created a vacuum of power, and look who is ready to step in – the usual suspects.

The head of the International Monetary Fund, Dominique Strauss-Kahn, says that the IMF is prepared and ready to “help” rebuild the Egyptian economy.

Mohamed ElBaradei, who is clearly tied to globalist think tanks in the United States, is being touted as the next “leader” of Egypt in the media.

Oh, and wouldn’t you know it, ElBaradei actually has a book that is almost ready to come out.  Isn’t that convenient?

So how does all of this tie in?

Well, it is simple really.  The global elite install a new puppet that they control (such as ElBaradei), and then they get him to agree to huge new loans from the IMF or the World Bank to “fix” the broken Egyptian economy.

Egypt gets so deep in debt that they can no longer function without even more loans, and that gives the IMF, the World Bank and other globalist institutions an extreme amount of leverage over the Egyptian government.  Suddenly it becomes next to impossible for the government of Egypt to resist what the globalists want them to do.

In a very entertaining manner, the following very short video explains how this game is constantly being played all across the globe….

The global elite want to keep nations very deeply in debt and they want to keep most of the global population trapped in desperate poverty because this gives them control.

The globalists have worked very hard to set up a system that slowly but surely transfers all wealth into their hands.

The wealth that the global elite have already accumulated is absolutely staggering.  According to Forbes magazine, the 69 billionaires from 20 different nations that gathered for the World Economic Forum meetings in Davos, Switzerland this year had a combined total net worth of 427 billion dollars.  That is an amount larger than the GDP of Israel and the GDP of Egypt combined.

There are others among the global elite that are estimated to have fortunes that are worth multiple trillions, but people at that level aren’t too keen on letting people look at their books.

But it isn’t just people on the other side of the world that are kept impoverished.  The goal of the global elite is to also significantly reduce the wealth and power of the middle class in the United States and Europe because they believe right now we still have too much power and we are blocking the implementation of many of their goals.

We are being told that all of this “austerity” that is being implemented right now is for our own good and that the financial crisis is to blame for the decline in our standards of living.

For example, the head of the Bank of England, Mervyn King, says that a decline in the standard of living is the inevitable result of the financial crisis that we have just been through….

“The squeeze on living standards is the inevitable price to pay for the financial crisis and subsequent rebalancing of the world and UK economies.”

So is it “inevitable” that the big financial institutions that caused the financial crisis suffer as well?  No, many of them are paying out record bonuses.

In the new global economy, the game is fixed so that the ultra-wealthy always do better and the standard of living for the rest of us always goes down.

For decades, the massive middle class in the United States was the envy of the world, but now it is slowly being wiped out.

In the United States today, there are 10 percent fewer “middle class jobs” than there were just 10 years ago.  Total wages, median wages, and average wages are all declining.  Over 43 million Americans are now on food stamps.

Meanwhile, it is estimated that Goldman Sachs will end up paying out a total of somewhere around 15 billion dollars in compensation to their employees for 2010.

Isn’t that nice?

Not that it is wrong to make money.  Hard work and industriousness helped build this country.

But the game that the globalists are playing is not about competition and hard work.  Over the decades, the globalists have had so many favorable laws passed and have had so many rules changed that now the game is incredibly rigged in their favor.

The monolithic predator corporations and voraciously greedy financial institutions that now dominate our society make it very difficult for anyone else to compete with them.

The days when the United States was a relatively egalitarian society are over.  Now our society is made up of the ultra-wealthy, those that work for their system and those that the ultra-wealthy consider to be “useless eaters”.

By any measure, the gap between the wealthy and the rest of us is rapidly growing in this country.

According to a joint House and Senate report entitled “Income Inequality and the Great Recession“, the top one percent of income earners in the United States brought in a total of 10.0 percent of all income income in 1980, but by the time 2008 had rolled around that figure had skyrocketed to 21.0 percent.

In a previous article, I detailed some more statistics which show how the middle class is being systematically wiped out….

*According to Harvard Magazine, 66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.

*The bottom 40 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

*For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.

*According to Professor Emmanuel Saez of the University of California at Berkeley, the gap between what the top 10 percent of Americans earn per year and what the rest of us earn has been widening sharply for the last 30 years.  His measurements show that the top 10% percent of Americans now take in approximately 50% of the income.

But it is not just in the United States where the gap between the rich and the poor is growing.  This is truly a worldwide phenomenon….

*A study by the World Institute for Development Economics Research discovered that the bottom half of the world population owns approximately 1 percent of all global wealth.

*More than 3 billion people, close to half the world’s population, live on less than 2 dollar a day.

*Average income per person in the poorest countries on the continent of Africa has fallen by one-fourth over the past twenty years.

*Approximately 1 billion people throughout the world go to bed hungry each night.

*Every 3.6 seconds someone starves to death and three-quarters of them are children under the age of 5.

*It is estimated that the entire continent of Africa only owns approximately 1 percent of the total wealth of the world.

*According to the most recent “Global Wealth Report” by Credit Suisse, the wealthiest 0.5% control over 35% of the wealth of the world.

Are you starting to get the picture?

This is all about the ultra-wealthy globalists having it all and the rest of us having next to nothing.

They are more than glad to set up “socialist” governments that will sprinkle a few handouts our way to keep us numb, sedate and working for the system.

Many of these ultra-wealthy globalists have most of their assets well out of the reach of conventional taxation.  In fact, it is now estimated that a third of all the wealth in the world is held in “offshore” tax havens.

So if you think that you can just “tax” these guys and even everything out you are dreaming.  They are playing a whole different ballgame than you and I are playing.

If the IMF, the World Bank and the globalists get their hooks deep into the new Egyptian government, things are not going to be getting better for the Egyptian people.  The “global economic system” is not designed to benefit the average man or woman on the street.

Hopefully the Egyptian people will wake up and realize this.

Hopefully the American people will wake up and realize this.

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  • A Dodgy Bloke

    One of the things no one ever mentions is the role corruption and bad governance play in holes these Nations dug and claimed in got in. Places like Singapore, Hong Kong, Taiwan, South Korea all have colonial histories, and Post War histories that are as bad in some cases worse then the places we call “Distressed”.

    On the subject of the “Global Elites” if you impoverish the whole world aren’t people going to revolt before it gets to that point? Egypt is an example of people can be pushed only so far before they unify and push back. Look I have no doubt there are greedy, rich, you know what’s who simply want more money and power, but to think these guys can pick up a phone and a deer farts in the woods is simply not rational.

  • Gary

    Tax the rich and spread the wealth. If they do this in Egypt people will have a lot more than 2 dollars a day.

    We need to tax the rich HARD in the USA or similar type of uprising will happen. People can not watch the rich get outsize rewards when they help produce their wealth. The wealth needs to be spread around. For you right wing dolts who think this is too much like socialism so be it. We already have socialism for the rich, corporations, and Wall street. If it is good enough for them it is good enough for the rest of us.

    • SlayerDude

      Thanks Cookie Monster. What makes you think that if we tax the rich ‘hard’, that money will be spread to the poor who need it? You’re right that we have socialism for corporations; corporations with enough influence to bribe congress. So your solution is to give MORE money to the government, so they can redistribute MORE money to corporations?

  • http://moneycrisisgameplan.com David

    The weight of all of those statistics is crushing. Financial education is the key to protecting your wealth and family.

    The elite are ultra rich because they know how to avoid paying taxes.

    Employees pay the highest taxes with few tax breaks. In the U.S. and Canada, the best way to reduce taxes is with home business tax deductions which can save you thousands of dollars a year.

    Blessings to you! David

  • mondobeyondo

    What is it like to live on two dollars a day?

    I have no idea – I’ve never been put in that situation, thank God. I’ve been fortunate and blessed to live in a wealthy nation where poverty – not the “I can’t afford a microwave oven or PS3 football game” poverty, but TRUE, heart breaking poverty – isn’t an issue. But with a bit of imagination, you can quite easily imagine yourself in a similar position. One can also easily assume there would be a vast budget re-allocation. (Playstations and iPhones aren’t part of it. Sorry!)

    Monday: Beans and peas day! Yum! Buy some pinto, lima and kidney beans, and maybe some lentils, enough to last the entire week. Be prudent, gotta feed the wife and kids too. Although by Thursday, it’ll be used up. Oh well. Beg for beans during the weekend. Or subtract money from Tue/Wed. budget, to fill your empty stomach.

    Tuesday, Wednesday: Save enough money to buy some clothes at the end of the month. Do this for 4 weeks, and you should have enough. Next month, maybe T-shirts for the kids. Jeans will have to wait until April, maybe July. Try not to dip into this budget to buy food or pay utilities.

    Thursday, Friday: Bills and utilities days. These days’ salaries go toward the monthly payment for firewood (can’t afford gas), electricity, water, etc. Four times a month should be enough…hopefully.

    Saturday, Sunday: Work extra hours for added income to pay for above items. Sell stuff you don’t need, which you haven’t already sold off to survive.

    You’re saying, “I hate this life! I don’t want to live like this! I CAN’T live like this!!” That’s because you live in America, not the Middle East, or Ethiopia, or Malaysia or Bangladesh. It’s an everyday occurence in many parts of the world.

    Now, you know how many Egyptians, and poor people around the world, feel. Now you know why there are such passionate protests against the people who hold them down.

    Now, you’re beginning to get it.

    (Darn it. Forgot about rent for the little cardboard shack. Slumlord’s gonna throw me out into the street. Ugh!!)

  • http://www.planorperish.com Gutter Economist

    If you are an American and still know how to do math, combine the GDP and populations of China and the USA. If current trends continue, plan on losing 75 percent of your current income and adjusting to a lower standard of living.

    The Global Elite also wants to decrease the world’s population by 80 percent. FEMA camps are being constructed in the USA for population management.

    If Globalism is not what you want, don’t vote for any more democrats or republicans.

  • http://kushmonster.blogspot.com yardfarmer

    the IMF has already had their hooks deeply imbedded in the economy not only of Egypt but the large majority of so called “emerging” economies throughout the world. through their notorious structural adjustments and the mechanism of the relatively recently introduced Article IV “consultations” ostensibly designed to help developing economies deal with “exogenous shocks”, the IMF financial predators have succeeded in transferring public utilities and essential infrastructure projects to the private hands of not only their cronies inhabiting the controlled financial sectors, but have immeasurably enriched the satraps who sit upon the thrones of power paying fealty to the powerful global suzerain which installed these plenipotentiaries into their parasitic positions of authority. (How else does someone like Mr. Mubarak lay claim to a reported personal wealth of $25 billion and a $5 billion townhouse in London where he and his family will presently decamp.) Once the levers of neo-colonial financial control are firmly in place as they have been for decades, fiscal and currency manipulation, onerous debt service, and depletion or outright withdrawal of capital formation create the very “exogenous shocks” through which the IMF overlords create the social dislocations and chaos so essential to their intrinsically evil financial hegemony.

  • mondobeyondo

    Oh yes. Tax all the wealthy Egyptians.
    All .00000001 percent of them.

  • Aurelius 7

    Tax Gary for all he has, sans $2 per day, as our little Socialist advocate friend would make the perfect pilot program. Let us know how it works Gary!

  • Buck

    Again the Gutter Economist makes the point!

    People may laugh, I don’t care. While I had just as soon not have all the ridiculous party affiliation, party line hoopla and the fraud that has become oh so very apparent because of it, the only political association I can find that addresses much of what is written in this site is the Constitution Party. I don’t even want to get into the objections I have heard from those with their heads completely up their ass about the chances or non-chances of third party politics. We as a country are totally duped for a very long time. I don’t even watch Fox News any more! Just a different spin on bullshit!

    I proudly voted for Chuck Baldwin in the presidential general election running as the nominee of the Constitution Party. Who is Chuck Baldwin? Yeah, exactly the response from so many with head up ass! I was only one of 255 votes for the man in a very large county. That is the way it goes. I voted Baldwin after Ron Paul was discredited by the very people like Fox News that now have him comment on various programs almost daily. What a bunch of freaking hypocrites Fox News. And those that do not think about who owns Fox should retract and give it some thought.

    Unfortunately we will not win with politics. This country actually started the downturn from the founders intention of the United States being an American Republic along about 1823.

  • Mr Carpenter

    (Laughs maniacally) …. and people don’t want to believe that we have a one-world government right now….

    Silly people. Look at the word GOVERNment.

    Wasn’t it Andrew Carnegy (the billionaire from 120 years ago) who said “I care not who writes the laws in the land – he who has control of the money is the true ruler.” (Paraphrased)

    We live in a world governed by BANKERS and the elite class of people who make up the top 1% of the top 1% of the population.

  • Mr Carpenter

    I agree with Buck, but have to admit that the >2% of us who know and understand about the Constitution AND the Constitution Party (or even adding in the Libertarians, we still make up >4% of the population), we have little chance of getting people to understand and change their mode of voting.

    I guess that’s why they’re called Sheeple…

    “baaaaaaa”

  • Richard

    ”An imbalance between rich and poor is the oldest and most fatal ailments of all republics.” — Plutarch

  • Steven Cornett

    Re: Gary,

    Many of these ultra-wealthy globalists have most of their assets well out of the reach of conventional taxation. In fact, it is now estimated that a third of all the wealth in the world is held in “offshore” tax havens.

    So if you think that you can just “tax” these guys and even everything out you are dreaming. They are playing a whole different ballgame than you and I are playing.

    Have you even comprehended what you just commented on? Apparently not, since the above paragraph was aimed straight at you.

  • http://www.pathtoasia.com rhea

    How many times does this story have to repeat itself in history for leaders to realize they can’t rule forever?

    We help Americans find jobs and prosperity in Asia. For details, visit http://www.pathtoasia.com/job/

  • Tao Jones

    I’m sorry, but the posters advocating third party voting still do not grasp what is happening.Didn’t you read the article?

    “Well, it is simple really. The global elite install a new puppet that they control (such as ElBaradei), and then they get him to agree to huge new loans from the IMF or the World Bank to “fix” the broken Egyptian economy.”

    Governments are all illusions. Mubarak is just the bag boy for those who are REALLY in charge.

    The government of the U.S.A. is an illusion as well, an elaborate stage show designed to deceive the populace and allow them the comforting illusion that they are participating in the process by casting votes.

    Your vote means nothing. Let me reiterate; YOUR VOTE MEANS NOTHING!

    It makes no difference at all who is ‘elected’; any candidate put forward by the Puppet Press will, without question, be the pawn of the Shadow Cabinet that is REALLY in charge.Think about it: if your vote carried any weight, then how is it that the will of the People is routinely set aside and ignored? You are ostensibly voting for someone who will REPRESENT YOUR INTERESTS; if they go on to defy your will and act AGAINST your interests, what exactly has your vote accomplished?

    Do you remember the initial “Bailout” the Congress rammed down our throats? It was an un-Constitutional abortion that the People DID NOT WANT. It was open theft to benefit the wealthy and elite; only a fool could have failed to grasp what was happening.

    But they passed it anyway, didn’t they? In defiance of the clearly expressed will of the People.

    Tell me, how can it be said that this is a government of, by, and for the People, when the People are ignored, defrauded, and robbed right out in the open? They are so brazen that they televise their criminality on national TV, safe in the knowledge that the dumbed-down masses will never connect the dots or break free of their programming.

    Immediately following that massive “Bailout” theft, the Puppet Press began clamoring about ‘Obamacare’; the American masses predictably grew outraged and began beating their chests about the new Issue that had been presented to them in order to draw attention away from the bailout.

    They must laugh at us in their little enclaves: look how easy it is to manipulate and bamboozle these slaves! The U.S.A. is BROKE. There IS NO MONEY. Debating about health care at this point is like arguing about what color wall paper to buy after the house has burned right down to its foundation.

    Do you imagine that Obama is actuallly in charge of anything? Do you think the Democrats represent any difference than the Republicans?

    The belief that we have two parties in this country is mistaken; we only have ONE party: The Rulers. They pretend to be in separate camps ideologically, but no matter which ‘party’ is installed the same agenda marches forward.

    More taxes. More control. Less freedom.

    Why hasn’t Obama, a Democrat, done nothing to reverse the outrages of the Patriot Act(s) imposed at the hands of a Republican? Because he is playing for the same team as his predecessor. Why hasn’t Obmama ended the illegal Occupation in Iraq and Afghanistan? Because he is playing for the same team as his predecessor. Why will none of your ‘elected representatives’ stand up and denounce the frightening erosion of our liberties? Because they, too, are on the same team. The team of your masters.The team that steals your livlihood to benefit warmongers and Wall Street fat cats. The team that exports murder and war while telling their slaves at home they care about freedom and democracy.The team that inducts your children into the military to die for Empire in foreign lands while our Freedoms are raped here in the ‘Home’ land..

    You cannot use the system to fix the broken system. I know it’s hard to accept, but until you see the little man behind the curtain, no real resistance to our serf status can materialize.

    I know it’s frightening, but the time has come to recognize that we are ruled over just as surely as the Egyptians. We just happen to have a better standard of living, the way the house slaves used to enjoy the table scraps that Massah threw him while the rest of the slaves starved down in the quarter. We are more comfortable in our chains.

    For now.

    Think for yourself. Break free of the consensus reality that enslaves us all.

  • Tao Jones

    @ gary:

    I can’t decide whether you are deliberately trying to derail the discussion or are just too brainwashed to think outside the parameters consensus reality imposes on you.

    Taxation of income is theft. This is not hyperbole; it is a bald statement of fact. You do not right societal wrongs with more wrongs.

    Put another way, two wrongs do not make a right.

    The only legitimate purpose of government is in protecting the rights of the Individual. It has no other LEGITIMATE purpose. When the government becomes the instrument of theft against its own citizenry it immediately invalidates its right to exist at all.

    Yet you continue to cry aloud for MORE theft, MORE violation of Liberty, MORE of the same rot that is killing us now! (I urge the reader to find a copy of ‘The Law’, by Frederic Bastiat, for a brilliant treatise on this topic).

    You continue to propose that we ‘tax the rich’; it is a mantra that you chant on every thread, whether it is relevant to the discussion or not.

    But how does that solve anything? Government corruption is rampant; any fool can see that.

    Do you think your rulers would magically become honest if we ‘taxed the rich’? Do you think they would stop breaking their own laws (e.g. Timothy Geithner, Chuck Schumer,Nancy Pelosi, ad nauseum) if we ‘taxed the rich’? Do you think the same people who stole all the money from the Social Security fund would suddenly develop a conscience if we ‘taxed the rich’? Do you imagine that systemic corruption would be instantly cured if we ‘taxed the rich’?

    Assuming you actually believe this idiocy and are not just derailing, maybe it’s time to stop preaching your Tax Sermon. At the very least it does not seem to add much to the discussion, or have much hope of gaining traction amongst the posters here.

  • Aurelius 7

    Steven,

    Obviously Gary didn’t read the article. But perhaps he is really an illiterate who is pre-programed to tow the Communist-Marxist-Leninist line. You know, the ideology that killed over 100 million people.

  • mondobeyondo

    President Obama doesn’t really care about partisanship. Republicans and Democrats are just two sides of the same coin.

    Heads or tails = donkey or elephant. Doesn’t really matter. They both work for the dragon.

  • Gary

    Tao Jones—I firmly believe that if the wealth and prosperity of the country was more equally shared most of the issues Michael posts about would not be issues.

    It is not theft to tax the rich as they have gotten their wealth by stealing from workers their productivity increases over the years. This is why incomes have stagnated and all the associated ills this causes. It can’t be theft to take back that which was stolen from you.

  • Tao Jones

    If a mugger steals $20 from you at knifepoint, does that make it morally acceptable for a third party to steal $30 from the mugger?

    Two wrongs do not make a right.

    Why not advocate for the elimination of the un-Constitutional income tax altogether? What makes you think that the same people who stole Grandma’s Social Security money would suddenly turn into honest Do-Gooders who would make sure the money raised by ‘taxing the rich’ would find its way into the pockets of the poor?

    Don’t you see how naive this assumption is?

    How much graft, corruption, and theft must you see until you understand that the Federal Government cannot be trusted with 50 cents to buy an ice cream cone at the corner store? How many illegal bailouts, how many raped pension funds, how many robbed social security victims?

    As another poster said, government has always been the problem. Understand that your money is being STOLEN from you through income tax, money which is used primarily to service the interest on the debt to the un-Constitutional Federal reserve bank.

    Stolen from YOU, Gary. Personally. It’s important that you understand that.

    Then realize that EVERYONE ELSE’S money is being stolen from THEM in the exact same manner.

    If you object to your money being stolen, how on earth can you justify stealing more from other people to make up the difference?

    Your problem is not the tax code; your problem is your implicit belief in the System itself.Two wrongs can never, ever make a right, twist and justify it as you will.

    Free your mind.

  • lasse

    Just for the record, people tend to forget that the 2 dollar a day is “Purchasing power parity” dollars an artificial entity, that means that these 2 dollars buy the same everywhere. If it buys let say one pound of rice in USA they buy one pounds of rice in Egypt, Nigeria and so on. You don’t get more for the 2 dollars in a poor country due to things are cheaper.

  • Lanny

    “The “global economic system” is not designed to benefit the average man or woman on the street.” You just figuring this out? This is how the capitalist system operates, and has operated for years! You think that maybe, just maybe, they fueled and fanned the fire of the revolution in order to ‘leverage’ into use their ‘solutions’ and ‘innovations’, and to capitalize on the situation and grow their profits even more! Fools!