“We know now that in the early years of the twentieth century this world was being watched closely by intelligences greater than man’s and yet as mortal as his own. We know now that as human beings busied themselves about their various concerns they were scrutinized and studied, perhaps almost as narrowly as a man with a microscope might scrutinize the transient creatures that swarm and multiply in a drop of water. With infinite complacence men went to and fro over the earth about their little affairs … In the thirty-ninth year of the twentieth century came the great disillusionment. It was near the end of October. Business was better. The war scare was over. More men were back at work. Sales were picking up.” – Opening monologue of War of the Worlds broadcast – October 30,1938
It was 77 years ago this week that Orson Welles struck terror into the hearts of Americans with his live radio broadcast of the HG Wells classic War of the Worlds. The broadcast began at 8:00 pm on Mischief Night 1938. As I was searching for anything of interest to watch the other night on the 600 cable stations available 24/7, I stumbled across a PBS program about Welles’ famous broadcast. As I watched the program, I was struck by how this episode during the last Fourth Turning and how people react to events is so similar to how people are reacting during the current Fourth Turning. History may not repeat exactly, but it certainly rhymes.
It was the ninth year of the Fourth Turning. The Great Depression was still in progress. After a few years of a faux recovery (stock market up 400% from the 1932 low to its 1937 high) for the few, with the majority still suffering, another violent leg down struck in 1938. GDP collapsed, unemployment spiked back towards 20%, and the stock market crashed by 50%. The hodgepodge of New Deal make work programs and Federal Reserve machinations failed miserably to lift the country out of its doldrums. Sound familiar? The average American household had not seen their lives improve and now the foreboding threat of war hung over their heads.
The national hysteria over a play about the ridiculously impossible plot of Martians attacking Grover’s Mill, New Jersey seems crazy without the benefit of context. The nation was already on edge. They had just suffered another economic blow to their solar plexus, and now the drumbeats of war in Europe were growing louder. Welles’ biographer Frank Brady described the mindset of the nation:
“For the entire month prior to ‘The War of the Worlds‘, radio had kept the American public alert to the ominous happenings throughout the world. The Munich crisis was at its height. … For the first time in history, the public could tune into their radios every night and hear, boot by boot, accusation by accusation, threat by threat, the rumblings that seemed inevitably leading to a world war.”
Studies discovered that fewer than one-third of frightened listeners understood the invaders to be aliens; most thought they were listening to reports of a German invasion or a natural catastrophe. The public allowed their emotions to overcome their rational mind. Playing upon people’s fears becomes easier when they are emotionally susceptible and beaten down from years of bad news. Even though it was specifically stated the show was a work of fiction, the mental state of the country was so panicked, people believed something bad was on the verge of happening and allowed themselves to believe.
Much of the credit for the realism of the broadcast goes to Welles, a brilliant showman, who went on to create one of the greatest movies ever made just three years later – Citizen Kane. Welles thought the script was dull, just a day or two before the broadcast. He stressed the importance of inserting news flashes and eyewitness accounts into the script to create a sense of urgency and excitement. The nation had gotten used to breaking news bulletins during the Munich Crisis.
Another important issue was the fact the Mercury Theater on the Air was a radio show without commercial interruptions, adding to the program’s realism. The entire episode lasted 90 minutes and at the end of the play Welles assumed his role as host and told listeners the broadcast was a Halloween concoction: the equivalent, he said, “of dressing up in a sheet, jumping out of a bush and saying, ‘Boo!’” Despite the announcements before and after the show, the outrage and calls for Orson Welles’ head were deafening.
What struck me while watching the PBS retrospective were the similarities between then and now. The gullibility of the masses, the power of fear, the overreaction by the media, busy bodies calling for the government to do something, and the effectiveness of propaganda are all commonalities between that Fourth Turning and today’s Fourth Turning.
Evidently some listeners heard only a portion of the broadcast because they had been tuned into the Edgar Bergen Show and switched to CBS radio after the play had begun. Some of these people were overcome with fear as the tension and anxiety prior to World War II led them to mistake it for a genuine news broadcast. Thousands of those people rushed to share the false reports with others, or called CBS, newspapers, or the police to ask if the broadcast was real. The telephone switchboards were overcome with volume and policeman overstepped their authority and entered the CBS studios to try and stop the show mid-broadcast. Evidently, the authorities weren’t big fans of the First Amendment or Fourth Amendment in 1938 either.
Retrospective analysis has found the hysteria was not as widespread as purported by the mainstream media. The fact the play was performed in NYC, the media capital of the world, and the fictional attack was occurring in New Jersey provided much more publicity to the event. In reality, most of the dupes who were gullible enough to believe that Martians were actually attacking were old people and women. The timeline of the show should have revealed its falsehood to any critical thinking person, as the military somehow was mobilized and defeated within a 30 minute window.
It seems our society will always have a large swath of people who will believe anything they are told by the media or the government. Our government run public education system now matriculates millions of functionally illiterate zombie like creatures into society, who can be easily manipulated and controlled through the use of mass media and false propaganda. Those who constitute the invisible government behind the Deep State duly noted the psychological power of fear during this episode in history.
The master of propaganda during that age even noted the impact on the American public. Adolf Hitler referenced the broadcast in a speech in Munich on November 8, 1938. Welles later remarked that Hitler cited the effect of the broadcast on the American public as evidence of “the corrupt condition and decadent state of affairs in democracy”. It likely confirmed his belief the democratic countries of the world would not have the guts to stand up to a man willing to wage all out war. He invaded Poland less than one year later, initiating the bloodiest war in history.
Fear is a potent emotion to manipulate by the ruling class among a populace incapable or unwilling to think for themselves. The men behind the curtain, after decades of perfecting the psychological methods of molding the opinions, tastes, and ideas of the masses, believe they can control society through the use of fear. In 1938 Americans feared Germans, economic hardship, war, and evidently Martian invasions. Today they are taught to fear phantom Muslim terrorists, Russians, Chinese, Iranians, gun owners, anyone who questions government overreach, and anyone who disagrees with the social justice warrior agenda. The father of Propaganda, Edward Bernays, portrayed it succinctly in 1928:
“In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons…who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.”
As I watched the despicable display of yellow journalism by the pathetic excuses for journalists during the CNBC presidential debate the other night, I was reminded of the PBS show and how the press completely blew the War of the Worlds broadcast out of proportion to its actual impact. Within three weeks, newspapers had published at least 12,500 articles about the broadcast and its impact, although the story dropped off the front pages after a few days. It was essentially a tempest in a teapot that has lived on for decades because the press created the outrage and fear.
This is no different than what happens on a daily and weekly basis today. The mainstream media attempts to work the masses into a frenzy over a meaningless debt ceiling “showdown”, the latest hurricane or snowstorm, the latest fake terrorist warning, the collapse of Greece, the imminent acquisition of a nuclear bomb by Iran, the invasion of the Ukraine by Russia, or whatever sensationalist storyline that will get them ratings and strike the necessary fear into the hearts of the masses.
Every looming threat is relegated to the back pages of the legacy media rags a few days later. The degraded faux journalists prefer to distract the willfully ignorant masses with the latest Kardashian/Lamar Odom/Caitlyn Jenner reality TV episode, Oscar fashion shows, professional sports, how to get rich in the stock market infomercials, and how you can have the perfect body segments on one of the dozens of faux news shows.
What I found fascinating in the PBS episode is the never ending calls from busy bodies, control freaks, and lovers of government coercion to do something about everything they don’t like. In the days following the broadcast, there was widespread outrage in the media. The program’s news-bulletin format was described as deceptive by some newspapers and public figures, leading to an outcry against the perpetrators of the broadcast and calls for regulation by the Federal Communications Commission. How dare Orson Welles broadcast a play, described beforehand as a work of fiction, in a creative, exciting, and realistic manner. Do you see any similarities to calls for the FCC to control the internet, where anti-establishment websites dare to speak the truth?
There will always be a sociopathic segment of the population who want control over everything and everyone. They want bigger government, more laws, more regulations, more restrictions, more taxes and more control over your life. The 1930’s marked a huge turning point for this country, with the majority supporting the New Deal and government intervening deeply into our everyday lives. Today, the government, in the control of bankers, crony corporate interests, billionaires, and captured political hacks, has smothered our freedoms, liberties, entrepreneurial spirit, intellectual debate, and ability to change the system from within.
Shortly after the Welles broadcast, the nation came together and endured seven years of shared sacrifice, with the young men of the country fighting and dying on continents and islands far from our shores in a struggle against aggression. Today, I feel the aggression is coming from within. It’s our own government and the men who control it who are the real enemy. The coming struggle during this Fourth Turning is more likely to be American versus American. A prominent figure from the last Fourth Turning saw into the future decades ago, and he was right.
“I am concerned for the security of our great Nation; not so much because of any treat from without, but because of the insidious forces working from within.” ― Douglas MacArthur
Published on Oct 29, 2015
The guided-missile destroyer USS Lassen violated the 12-nautical mile zone China claims around Subi and Mischief reefs in the Spratly archipelago yesterday, a move observers have described as a deliberate provocation.
China responded by warning and following the vessel before China’s foreign ministry characterized the maneuvers as a “threat to China’s sovereignty”.
Published on Oct 27, 2015
Money manager Peter Schiff says gold and silver are not going fall dramatically in price from here. Schiff says, “That’s not going to happen. There will be deflation. If you want to price things in gold, stock prices are coming way down in terms of gold. Real estate prices are coming way down in gold. Consumer prices are coming way down in gold. Commodity prices are coming way down in gold. They are not coming way down in dollar bills because the government can create as many of those as it wants. . . . I don’t know why a guy like a Harry Dent would have so much confidence in a Federal Reserve Note. He has no confidence at all in the U.S. economy and thinks everything is going to collapse, but somehow, in the middle of all that rubble, somehow the dollar is going to emerge supreme. Why would that be? There is no real precedent for that. Every country that has gotten themselves into the mess were in, only on a smaller scale, there has always been a collapse in the currency. . . . I don’t know why cash would be king.”
Join Greg Hunter as he goes One-on-One with Peter Schiff, CEO and founder of Schiff Gold and Euro Pacific Capital.
(There is much more in the video interview. Please note, there is a slight lip-sync problem with Mr. Schiff’s audio that was unfixable in post-production.)
All links can be found on USAWatchdog.com: http://usawatchdog.com/going-to-be-a-...
27 Oct 2015 by Dave Hodges www.thecommonsenseshow.com
Both the Independent Media and MSM are filled with stories of the hordes of people from the Middle East who have overrun Europe and are in the process of doing the same to the United States.
There is an anonymous letter that has been widely circulating which describes how bad the situation is inside of German. The German-based physician makes an excellent point that dangerous diseases are making their way into Germany, thus, dangerous diseases from these unscreened immigrants are making it into the United States and the rest of Europe as well.
This letter is the starting for this point for this article.
From A Female Physician in Munich, Germany Sends a Stark Message to the Civilized World
“Yesterday, at the hospital we had a meeting about how the situation here and at the other Munich hospitals is unsustainable. Clinics cannot handle emergencies, so they are starting to send everything to the hospitals.
Many Muslims are refusing treatment by female staff and, we, women, are refusing to go among those animals, especially from Africa. Relations between the staff and migrants are going from bad to worse. Since last weekend, migrants going to the hospitals must be accompanied by police with K-9 units.
Many migrants have AIDS, syphilis, open TB and many exotic diseases that we, in Europe, do not know how to treat them. If they receive a prescription in the pharmacy, they learn they have to pay cash. This leads to unbelievable outbursts, especially when it is about drugs for the children. They abandon the children with pharmacy staff with the words: “So, cure them here yourselves!” So the police are not just guarding the clinics and hospitals, but also large pharmacies.
Truly we said openly: Where are all those who had welcomed in front of TV cameras, with signs at train stations?! Yes, for now, the border has been closed, but a million of them are already here and we will definitely not be able to get rid of them.
Until now, the number of unemployed in Germany was 2.2 million. Now it will be at least 3.5 million. Most of these people are completely unemployable. A bare minimum of them have any education. What is more, their women usually do not work at all. I estimate that one in ten is pregnant. Hundreds of thousands of them have brought along infants and little kids under six, many emaciated and neglected. If this continues and German re-opens its borders, I’m going home to the Czech Republic. Nobody can keep me here in this situation, not even double the salary than at home. I went to Germany, not to Africa or the Middle East.
Even the professor who heads our department told us how sad it makes him to see the cleaning woman, who for 800 Euros cleans every day for years, and then meets young men in the hallways who just wait with their hand outstretched, want everything for free, and when they don’t get it they throw a fit.
I really don’t need this! But I’m afraid that if I return, that at some point it will be the same in the Czech Republic. If the Germans, with their nature cannot handle this, there in Czechia it would be total chaos. Nobody who has not come in contact with them has no idea what kind of animals they are, especially the ones from Africa, and how Muslims act superior to our staff, regarding their religious accommodation.
For now, the local hospital staff has not come down with the diseases they brought here, but, with so many hundreds of patients every day – this is just a question of time.
In a hospital near the Rhine, migrants attacked the staff with knives after they had handed over an 8-month-old on the brink of death, which they had dragged across half of Europe for three months. The child died in two days, despite having received top care at one of the best pediatric clinics in Germany. The physician had to undergo surgery and two nurses are laid up in the ICU. Nobody has been punished.
The local press is forbidden to write about it, so we know about it through email. What would have happened to a German if he had stabbed a doctor and nurses with a knife? Or if he had flung his own syphilis-infected urine into a nurse’s face and so threatened her with infection? At a minimum he’d go straight to jail and later to court. With these people – so far, nothing has happened.
And so I ask, where are all those greeters and receivers from the train stations? Sitting pretty at home, enjoying their non-profits and looking forward to more trains and their next batch of cash from acting like greeters at the stations. If it were up to me I would round up all these greeters and bring them here first to our hospital’s emergency ward, as attendants. Then, into one building with the migrants so they can look after them there themselves, without armed police, without police dogs who today are in every hospital here in Bavaria, and without medical help.”
Anyone Who Does Want a Horde of Unscreened Immigrants Must Be Paranoid
It could never happen in America. We have safeguards and President Obama will protect the American people from unscreened, diseased-carrying immigrants from Africa and the Middle East. Not so fast! President Obama wants to bring in several hundred thousand of these Third World, unscreened immigrants to the United States?
The following picture and caption is no longer about the Muslim invasion of Europe, it is now about the Muslim invasion of the United States.
Now they are coming to America.
This Just In….
In an earlier article, I wrote about how Detroit city officials were evicting Detroit residents from their homes for not paying their water bills. Further, Detroit city offiicals were were calling CPS on the families who were not paying their water bills and the children were being taken. Across the Pond, The Red List News has covered how German government officials were evicting German citizens from their homes to make room for the immigrants, which are really from Iraq, not Syria.
Michigan is in real trouble as Obama prepares to fundamentally transform Michigan. The median price of a home in Detroit is only $9,000! In some areas in Detroit, you can buy a house for just $100. There are approximately 85,000 streetlights in Detroit, but copper thieves have stripped so much wiring out that many of the lights are not working. The Mayor of Detroit previously announced that he will reduce the number of streetlights to almost half the existing total down to 46,000.
Today, sixty percent of Detroit’s children live in poverty, when less than 45 years ago, Detroit boasted the highest per capita income in the United States. Today, Detroit does not have one chain supermarket left in the city. But Detroit, Dearborn and Flint have room for 200,000 unscreened Muslim immigrants who will do to Michigan what they are doing to Germany.
Here is a video account of Obama’s attempt to do to Michigan what has been done to Europe by the United Nations Refugee and Resettlement program.
Sperry cites how we know from the testimony offered from the FBI officials who are in charge of that type of vetting immigrants are not being allowed to perform their duties of protecting American communities from would-be unscreened terrorists as expressed in a recent radio interview in which FBI agents have admitted, under oath, that they have no idea who and what they are letting into the country. And we have just let 200,000 unknown “guests” into the United States.
The United Nations and the State Department Are Behind This Invasion of America
The following is one of the most stunning videos I have seen in sometime with regard to the radical unscreened, extremist Muslim invasion of America. The program has its roots with the United Nations and the State Department is its willing accomplice.
Sometimes a picture is worth a 1000 words. Can UN gun confiscation be far behind thanks to the UN Small Arms Treaty. John Kerry illegally signed this treaty without the requisite 2/3rds approval of the Senate which is required for all treaties.
Leo Hohmann, from World Net Daily, has another in what is turning into a series on Obama’s plan to change America by changing the people. This invasion has impacted 190 American communities and it is growing by the day. There are over 10,000 anti-American Somali refugees in ten years who have settled in Minnesota, alone. In the first 4 months of this year, we have admitted 4,425 Somalis to America. And now we see that this is a drop in the bucket for what is coming to America and the 190 cities participating in this resettlement program. Isn’t it interesting that the 190 cities connected to the resettlemnet program, match the 190 cities which have become part of the UN Global Police Force?
In effect, Secretary Kerry has overseen, at the behest of President Obama, the giveaway of the sovereignty of 190 US cities.
The man’s name is Antonio Guterres and the UN High Commissioner for Refugees. His job is the deculturalization of European nations and the United States.
Antonio Guterres is the head of the UNHCR and the Muslim invasion of 190 American communities. The program excludes all Christians.
ABC News reported the following:
“A mysterious ISIS recruiter known online as “Miski” was in close and repeated social media contact with perpetrator Elton Simpson for months before the ISIS attack at Pam Geller’s event in Garland, Texas, an ABC News investigation has found”. “Miski is well known to FBI officials who say his real name is Muhammed Hassan, a fugitive since 2009 when he fled Minneapolis as a teenager to join terror groups in Africa”. This begs the question: Who are we keeping out? And why are these types of UN vehicles being seen all across America?
THINGS ARE GOING FROM BAD TO WORSE
Why Is Idaho Quietly Trying to Hire An Ebola Coordinator?
In a stunning turn of events, Idaho has been seeking to hire an Ebola coordinator. Why Idaho? It is nowhere near the site of the West African recent resurgence of an Ebola outbreak. But wait! In part, the recent flood of immigrants to Idaho, are from West Africa!!! It is just raining coincidences. Nobody, in their right mind from the government, would ever allow a large scale immigration to the United States from a region of the world that has had repeated Ebola outbreak, would they? Well, that is exactly what has just happened.
In 2014, I extensively covered the fact that Ebola was from West Africa. Many from West Africa are part of the drug trade that extends into Europe and South and Central America and utlimately into the United States. And now Idaho wants to hire an Ebola coordinator after admitting several thousand UN sponsored immigrants from the Middle East and more importantly, from Africa? It is very, very difficult to not be tempted to connect the dots, isn’t it? I would not be traveling to Michigan in the near future, if I could avoid doing so.
The danger in covering events such as these, it is so easy to become marginalized and get labled as someone trying to promote hysteria. However, the facts, as reported in this article, speak for themselves.
Published on Oct 26, 2015
In today's video, Christopher Greene of AMTV reports why the next President inherits World War 3.
On Demand: https://amtvmedia.vhx.tv/
Published on Oct 25, 2015
Dane Wigington has uncovered new information on chemtrails or geoengineering the weather in the form of a 1978 U.S. Senate document. Wigington reports, “In this 750 page document, the express goal is for those in power to decide who should get more rain and who should get less rain. . . . Even though you have the damage by these programs, the desire to play God with the weather was not suppressed at all. In the 1978 document, they talk about further expanding the programs to a wider scope and scale. These people think they have a right to play God with the weather, with no regard for the consequences what-so-ever.”
Wigington also claims to have new information on government suppression of whistleblowers and gag orders given to NOAA and the National Weather Service. Wigington says climate engineering is a known secret in the highest offices of state and federal government. Wigington contends, “I was told by a Congressional aid off the record about 90 days ago, we all know what is going on and we don’t know what to do. This is the biggest elephant in the room. Everybody is afraid to step out of the shadows, but in the meantime, the ship is sinking, the entire ship, and we’re all on it.”
Join Greg Hunter as he goes One-on-One with Dane Wigington, founder of GeoEngineeringWatch.org.
All links can be found on USAWatchdog.com:
Oct 23rd, 2015 by Dave Hodges www.thecommonsenseshow.com
Is there any hope for America and its middle class? I scoured the statistics with regard to the economic health of the middle class. And what I discovered is that there is not much of the middle class. We are a nation of falling wages and job opportunities and the effects are spinning through the economy.
Last year, a friend asked me to recommend his daughter a major as she was about to begin college this fall. I thought for a moment and answered “welfare”. The father was quite taken back as I took out my IPAD and forwarded him some of my files which contains our recent economic statistics.
Quit Your Job Make More Money
There are 35 states in this country in which it is better to accept welfare than work at an entry level job. Much like crack cocaine or heroin addicts, much of our nation is hopelessly addicted to living in the welfare state. This has real implications for the emotional and even spiritual health of our nation. The most distressing aspect of the present economic conditions we find ourselves mired in, is the fact that we are allowing our young people to have their dreams and their very sense of hope stolen away from them. Fear monger, naysayer, doomsday profit are terms ascribed to people who dare to criticize the existing economic system and speak about the real implications for our people. I dare the most liberal of you to read the following facts, engage in your own fact checking and then not to be able to conclude that the American dream, for most of our people, is dead and buried.
Americans Own Very Little
What made America strong, was a spirit of capitalistic entrepreneurship. However, that spirit is on life-support as evidenced by the following statistics:
In 1800, 80% of Americans were self-employed.
By 1870, the number of self-employed people had dropped 41%. What happened in those 70 years? This was the period in history when America witnessed the rise of corporate monopolies and the corporate ownership of government (e.g. Rockefeller, Carnegie, JP Morgan, etc.)
By 1940, the self-employed rate had dropped to18%.
By 1967 the percentage of self-employed Americans was only 9%.
Today, the number has fallen to 4%.
The figures are from Victoria Bonnell and Michael Reich, Workers in the American Economy: Data on the Labor Force.
The Politicians Think Poverty Is the New Middle Class
Sadly, according to a 2014 CareerBuilder survey, 20% of full-time workers picked up a second job in 2013! Yet, your average, elitist politician thinks that this is the way that things are supposed to be.
Health and Human Services Secretary Sylvia Burwell insists that the billions of dollars in subsidies disbursed to low-income people who sign up for Obamacare are “further proof that the Affordable Care Act is working for the middle class.”
Burwell’s comments are representative of todays leaders such Rubio, Jeb Bush and Hillary Clinton. Today the welfare-state plan is forcing what’s left of “the backbone of America” to pay for its own dispossession and disempowerment. And these are not midnight developments.
Five years ago, Wayne Emmerich found that the family breadwinner who works only one week a month at minimum wage makes 92% as much as the breadwinner grossing $60,000 a year. Emmerich’s stats demonstrate that by working only one week a month can save a lot of money in child care expense. But topping the list is Medicaid, which is accessible to minimum wage earners and the program has very low deductibles and co-pays. In short, by working only one week a month at a minimum wage job, a minimum wage earner is able to get total medical coverage for next to nothing courtesy of you and me.
The middle class is not as lucky as the $60,000 breadwinner pays out approximately $12,000 per year in health insurance costs with an addition $4,500 in co-pays. And if anyone in the part-time minimum wage earning family is disabled, SSI pays out an additional $8,088 per year. When one begins to calculate the expenses incurred by a typical breadwinner making $60,000 per year, compared to the part time minimum wage worker, coupled with minimum wage earners tax supported federal bailouts for these freeloaders, the poor have more discretionary income than those who pay the taxes that run the country. And if the part time minimum wage worker is willing to cheat and participate in the underground economy, they will have significantly more discretionary income than their hard-working $60,000 per year counterpart who actually works for a living. In short, if you are a full-time employee making above minimum wage, you paying for your own economic demise. These economic numbers suggest that we’d be better off staying home and living off of the labors of what’s left of the middle class. There are a 102 million working age Americans who are not working fulltime. In contrast, there are 94 million fulltime working adults in the country.
In short, for most industrious Americans, it no longer pays to go to work. This system is catapulting our country towards an economic Armageddon. Welfare pays and pays well, until the government turns off the faucet. Then we will have a revolution inspired by the 146 million Americans who can no longer support themselves.
The Escalating Ladder of American Middle Class Misery
The Social Security Administration released the most accurate economic figures, here, and the statistics do not paint a rosy picture.
Nearly 4 in 10 American workers made less than $20,000 in 2014
Just over half of all American workers made less than $30,000 in 2014.
Nearly two-thirds of all American workers made less than $40,000 in 2014.
Almost 3 of 4 American workers made less than $50,000 in 2014.
It takes approximately $50,000 of annual income, for a family of four to squeeze into that increasingly elusive middle class designation. Yet, more than half the country makes less than $50,000 per year.
More Economic Misery
According to a new survey of more than 5,000 adults conducted this month by Google Consumer survey for personal finance website GOBankingRates.com, found the following disturbing facts.
Approximately 62% of Americans have less than $1,000 in their savings accounts.
Twenty one percent of all Americans don’t even have a savings account!
These growing population of have-nots don’t have cash reserves to cover an emergency and will have to rely on credit, friends and family, or even their retirement accounts to cover unexpected expenses.
The Obamanation of the Economy
Obama would maintain that he supported strengthening of the Middle Class, while working to destroy the jobs that sustain that demographic. Obama and his fellow communists and Fabian socialists have successfully destroyed jobs with a three-pronged assault:
The elite have driven previously high-paying manufacturing jobs out of the U.S. with high corporate taxation and business killing regulations from agencies such as the EPA.
The government has encouraged and permitted illegal aliens willing to work for minimum wages while flooding into our country which has driven down wages down and has created an over-supply of cheap labor.
ObamaCare has imposed hourly work limits which has subsequently forced hundreds of thousands of employers to limit low-wage workers to a 30-hour week. this has greatly increased the “underemployment” rate which has resulted in the need for record number of Americans to find second income jobs.
To hide job loss carnage, government glowingly reports new job creation, but disingenuously refuses to disclose that most of the new jobs are minimum-wage retail jobs. And a large percentage of the new jobs are part-time and/or temporary.
Obama falsely proclaims that the unemployment rates is 5.3%. Government accounting is based upon smoke and mirrors. Any profession requiring a credential to do the job, counts someone as being employed by merely possessing the credential. This means that all teachers, counselors and beauticians are employed in the government’s eyes. Further, if one goes on unemployment benefits following a job loss. If the benefits run out and the person can’t find a job, that person is presumed to have found work. Subsequently, nobody can trust the government’s figures when it comes to the true unemployment rate.
According to economists John Williams (Shadowstats) and Joseph Meyer (Straight Money Analysis), the unemployment plus the underemployment rate in America totals about 25%! We have not even discussed the future impact that robots will have on the American unemployment rate. This is the stuff that revolutions are made of.
There has never been a time when the plight of the middle class has been in such jeopardy, the Great Depression notwithstanding. The elite are squeezing what little life remains in the middle class. What are you going to tell your children about their future? How long do we have? I do not know, but with a $19 trillion dollar deficit, a $240 trillion dollar deficit and a $1.5 quadrillion dollar credit swap derivatives debt, the day of reckoning cannot be very far away. Gerald Celente likes to remind people that when people have nothing to lose, they will lose it!
OCTOBER 22, 2015 Jay Syrmopoulos
In stark contrast to the record low number of prosecutions of CEOs and high-level financial executives in the U.S., Iceland has just sentenced 26 bankers to a combined 74 years in prison.
The majority of those convicted have been sentenced to prison terms of two to five years. The maximum penalty in Iceland for financial crimes is six years, although hearings are currently underway to consider extending the maximum beyond six years.
The prosecutions are the result of Iceland’s banksters manipulating the Icelandic financial markets after Iceland deregulated their finance sector in 2001. Eventually, an accumulation of foreign debt resulted in a meltdown of the entire banking sector in 2008.
According to Iceland Magazine:
In two separate rulings last week, the Supreme Court of Iceland and the Reykjavík District Court sentenced three top managers of Landsbankinn and two top managers of Kaupþing, along with one prominent investor, to prison for crimes committed in the lead-up to the financial collapse of 2008. With these rulings the number of bankers and financiers who have been sentenced to prison for crimes relating to the financial collapse has reached 26, and a combined prison time of 74 years.
Massive debts were incurred in the name of the Icelandic public, to allow the country to continue to function, which are still being repaid to the IMF and other nations eight years later by the citizens of Iceland. In contrast to the U.S., Iceland has chosen to hold the criminals that manipulated their financial system accountable under the law.
In the U.S., not a single banking executive was charged with crimes related to the 2008 financial crisis, even though the U.S. itself precipitated the crisis. Icelandic President, Olafur Ragnar Grimmson, summed it up best in his response when asked how his country recovered from the global financial crisis.
We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the people and didn’t introduce austerity measures like you’re seeing in Europe.
While Iceland has prosecuted those that caused their financial crisis, America has done the opposite. In 2008, after Congress bailed out the failing American banks to the tune of $700 billion dollars, courtesy of the American taxpayer, many of the executives of institutions that received TARP bailout funds ended up getting large bonuses!
The prosecution of the Icelandic banksters represents an accountability that does not exist in the United States of America. It seems clear that the financial “Masters of the Universe” are the ones that truly control the political apparatus in the U.S., making it obvious there is no one who is going to hold them accountable for manipulating and crashing the financial markets.
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Published on Oct 21, 2015
Alex Jones talks with writer Michael Snyder about the American economy and how there are some truly shocking parallels between Nazi Germany and America now.
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