Wealthy

20 Super Wealthy Individuals Have More Money Than The Poorest 152 Million Americans Combined

Wealthy - Public DomainDo we need any more evidence before we will finally admit that the middle class in America is being systematically destroyed? As you will see below, when you add together all of the wealth of the poorest 152 million Americans, it still falls short of the combined net worth of the 20 wealthiest Americans. This is a list that includes Bill Gates, Warren Buffett and Mark Zuckerberg. To many, the core of the problem is that people like Gates and Buffett are making too much money. But I disagree. There is nothing wrong with working hard, building a company and making lots of money. The real problem is the fact that the bottom half of the country is steadily getting poorer. Once upon a time, this nation had the healthiest and most vibrant middle class in the history of the world, but now that middle class is dying. If we don’t do something about this, soon we may not have much of a middle class left. (Read More...)

The Elite Have A Great Fear Of Death

Death Skull - Public DomainIf there is one thing that the elite of the world fear more than anything else, it is death.  They spend an extraordinary amount of time and energy attempting to shield themselves from potential threats, to separate themselves from the general population and to do whatever they can to extend their lifespans.  They travel with multiple bodyguards, they install “safe rooms” in their homes, they buy private islands on the other side of the world and they invest huge amounts of money into life extension technologies and research.  They do all of these things in a desperate attempt to battle an enemy that they have never been able to defeat – death.  And in this day and age, the elite are becoming more paranoid than ever.  They know that as the gap between the wealthy and the poor has exploded that they have become bigger targets than ever.  So firms that provide private security, “safe rooms” and high tech “security bunkers” for the elite are doing a booming business these days.  Many of the elite live in constant fear and absolutely crave security, and they are willing to pay big bucks to get it. (Read More...)

19 Reasons Why You Can Laugh When Anyone Tells You That The Economy Is In Good Shape

Laughing Woman - Photo by Peter van der SluijsHave you heard the one about the “economic recovery” in the United States?  It’s quite funny, but it is not actually true.  Every day, the establishment media points to the fact that global stock markets have soared to unprecedented heights as evidence that the economy is improving.  But just because a bunch of wealthy people have gotten temporarily even richer on paper does not mean that the real economy is in good shape.  In fact, as you will see below, things just continue to get even tougher for the poor and the middle class.  Retail stores are closing at the fastest pace since the fall of Lehman Brothers, the rate of homeownership in this country is the lowest that it has been in 19 years, one out of every five families do not have a single member that is employed, and one out of every five children is living in poverty.  We are working harder, earning less and going into more debt.  With each passing day, the middle class gets a little bit smaller and the ranks of the poor get a little bit larger.  But at least the stock market is doing great, eh? (Read More...)

29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam

College Graduates By Kit from Pittsburgh, USACollege education in the United States has become a cruel joke.  We endlessly push our high school kids to invest tens of thousands of dollars and at least four years of their lives to get a college education because they won’t have any sort of a “future” without it.  So they sign up for decades of debt slavery and spend years listening to pompous windbags fill their heads with utter nonsense.  The sad truth is that most college courses are a total joke and they do very little to actually prepare those students for the real world.  I know – I attended public universities in the United States for eight years.  Most college courses are so easy that the family dog could pass them.  When they finally graduate, our young people discover that they were lied to all along.  The promised “good jobs” are not there for most of them, but the huge debts that they committed themselves to will follow them around permanently.  When you are just starting out and you are not making a lot of money, having to make payments on tens of thousands of dollars of student loan debt can be absolutely crippling.  This is why I say that college education in America is a giant money making scam.  Our young people are seduced by the idea of college being a five year party that will provide an automatic ticket into the middle class, but the reality is that the only guarantee is that it is a ticket to serfdom unless you have wealthy parents that are willing to foot the bill for you.  And bankruptcy laws have been changed to make it incredibly difficult to get rid of student loan debt, so once you have signed up for student loan debt slavery you are basically faced with two choices: either you are going to pay it or you are going to die with it. (Read More...)

40 Ways That China Is Beating America

40 Ways That China Is Beating AmericaChina is wiping the floor with the United States on the global economic stage, and most Americans are so clueless that they have absolutely no idea what is happening.  The number one global economic superpower is in an advanced state of decline, and the number two global economic superpower is becoming stronger with each passing day.  Unless something truly dramatic happens, it is only a matter of time before China overtakes America and become the dominant economic force on the planet.  In fact, China is already exercising economic superiority over the United States in a whole host of ways.  China produces more goods than we do, China does more total trade in goods with the rest of the world than we do, China produces more cars than we do, China produces more gold than we do, China consumes more energy than we do, China produces more coal than we do and China produces more steel than we do.  Every single year, we buy far more from them than they buy from us, and this has made them exceedingly wealthy.  Our politicians regularly make trips over to China to beg them to lend us back some of the money that they have taken from us.  Today, we owe China more than a trillion dollars and the Chinese are sitting on the biggest pile of foreign currency reserves that the world has ever seen.  All of this wealth has fundamentally transformed the nation of China over the past couple of decades.  Just check out the startling photographs of China from space in this article that show how China dramatically changed between 1992 and 2010.  As China continues to become stronger and as America continues to become weaker, will our children some day wake up in a world where the Chinese are telling them what to do? (Read More...)

45 Signs That America Will Soon Be A Nation With A Very Tiny Elite And The Rest Of Us Will Be Poor

The middle class is being systematically wiped out of existence in the United States today.  America is a nation with a very tiny elite that is rapidly becoming increasingly wealthy while everyone else is becoming poorer.  So why is this happening?  Well, it is actually very simple.  Our institutions are designed to concentrate wealth in the hands of a very limited number of people.  Throughout human history, almost all societies that have had a big centralized government have also had a very high concentration of wealth in the hands of the elite.  Throughout human history, almost all societies that have allowed big business or big corporations to dominate the economy have also had a very high concentration of wealth in the hands of the elite.  Well, the United States has allowed both big government and big corporations to grow wildly out of control.  Those were huge mistakes.  Our founding fathers attempted to establish a nation where the federal government would be greatly limited and where corporations would be greatly restricted.  Unfortunately, we have turned our backs on those principles and now we are paying the price. (Read More...)

America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed

America is losing wealth far faster than any other nation on earth is.  In fact, since the mid-1970s there has been a transfer of wealth of almost 8 trillion dollars from the United States to the rest of the world.  Sadly, most Americans have no idea what is happening.  Most of them are completely unaware that America is being transformed from a wealthy nation into a poor nation at breathtaking speed.  Most Americans just assume that America will always have the largest economy on earth and will always be the wealthiest nation on the globe.  Unfortunately, just because something was true in the past does not mean that it will be true in the future.  Right now, the United States is bleeding wealth at a pace that is almost unimaginable.  Every single month, tens of billions of dollars of wealth is permanently transferred from the American people to the rest of the world.  That means that the overall economic pie is shrinking.  While the rich and the poor are busy fighting over the distribution of wealth in this country, the size of the pie that they are dividing up is continually getting smaller.  America is poorer than it was last month, and next month it will be even poorer.  If this continues, it will result in a complete and total economic nightmare. (Read More...)

Buying The Vote: 12 Facts About Super PACs That Will Blow Your Mind

In American politics, it takes an enormous amount of money to win campaigns, and the rise of the “Super PACs” is allowing the wealthy to exert even more influence over the political process than they did before.  When you examine the results of federal elections over the past several decades, you quickly discover that the candidate that raises the most money almost always wins.  Wealthy individuals are limited by law as to how much money they can give directly to a political campaign, but there are no limits on how much money they can give to Super PACs.  During the 2012 election season, some of these Super PACs actually have more money than the campaigns of the candidates that they support do.  Buying the vote is not illegal in America, and these Super PACs are buying huge amounts of advertising in key states.  Unfortunately, most Americans have never learned to think for themselves.  Instead, they let the television do much of their thinking for them.  If their trusted friend, the television, tells them to vote a certain way, then that is what they are likely to do.  Super PACs are much more likely to run negative ads than the actual candidates are, and we have already seen very negative ads dramatically move the poll numbers in some of the states.  Sadly, as long as very negative ads keep working people are going to keep using them. (Read More...)