Feudal Financialization

October 4, 2017

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Illusions of Prosperity 

Astonishing and accelerating income disparity

Trump Tax Plan: 2.4 Trillion more debt mainly for the top 1%?

More Debt and inequality is the default long term stagnation plan

An emerging alternative idea, and in establishment circles? A system with fewer catastrophes?

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Illusions of Prosperity 

The chart above shows the gap between Disposable Personal Incomes (DPI) and the Cost Of Living in the US for almost the last 60 years. It shows that this peaked in the early 1970s, around the time that gold was delinked from the dollar, and then has fallen ever since. It went negative around 1990 and has accelerated down through the 2008 collapse.  It seems that living standards held up for a while when you take into account transfer payments and credit, but even allowing for this it still went negative in 2008/9.

http://www.zerohedge.com/news/2017-09-27/illusion-prosperity

Astonishing and accelerating income disparity

This shows that the burden of the problem is not falling equally across income levels.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Charles Hugh Smith explains how financialization has become a system more comparable to feudal times.

​”Notice that the majority of all income growth now accrues to the the very apex of the wealth-power pyramid. This is not mere chance, it is the only possible output of our financial system. This is stunning indictment of our socio-political system, for this sort of fast-increasing concentration of income, wealth and power in the hands of the very few at the top can only occur in a financial-political system which is optimized to concentrate income, wealth and power at the top of the apex.”

http://www.oftwominds.com/blogsept17/chart-inequality9-17.html

Trump Tax Plan: 2.4 Trillion more debt mainly for the top 1%?

The Tax Policy Center digs deeply into the latest plan. Not quite as advertized. What did you expect?

http://www.zerohedge.com/news/2017-09-29/new-trump-tax-analysis-shows-most-benefits-go-top-1-middle-class-pay-higher-taxes

More Debt and inequality is the default long term stagnation plan

“So the power structure of the status quo has embraced stagnation as a comfortable (except to those on the margins) and controllable descent that avoids the unpleasantness and uncertainty of crisis.”

http://www.oftwominds.com/blogsept17/stagnation9-17.html

An emerging alternative idea, and in establishment circles? A system with fewer catastrophes?

What do Sir Isaac Newton, a Bank of England Economist, a former Obama advisor, and the Financial Times have in common?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

http://www.zerohedge.com/news/2017-09-28/gold-standard-resulted-%E2%80%9Cfewer-catastrophes%E2%80%9D-%E2%80%93-ft

 

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