Wednesday, November 23, 2016

OBAMA-CLINTONOMICS and the GLOBAL LOOTING of the POOR - TOP 0.7 OF RICHEST CONTROLS $116 TRILLION IN HORDED STOLEN WEALTH




Top 0.7 Percent of World’s Population Controls $116.6 Trillion of Wealth



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During the age of Obama, the rich have gotten richer and the poor, far poorer, according to a survey of the world’s wealth.

Swiss bank Credit Suisse has released its 2016 review of the world’s wealth, showing that during the last six years, the control of wealth at the top has become more concentrated, while earners at the bottom who are worth less than $10,000 have not only become a larger pool of people, but have also lost wealth.
The most recent review shows that nearly half the world’s wealth — or about $255 trillion, which makes up 45.6 percent of the world’s wealth — is owned by a mere 0.7 percent of the world’s population. Meanwhile, 73.2 percent of the world only holds about $6 trillion of the world’s wealth, according to ZeroHedge.com.
But a previous Credit Suisse review from 2010 revealed that the top wealthiest people, which then made up only 0.5 percent of the world’s population, owned a far lower $69.2 trillion of the world’s wealth. In that same year, 68.4 percent of the world’s citizens owned a larger $8.2 trillion in wealth.
The previous review also revealed that the middle classes lost ground since 2010.
The middle classes took a huge hit between 2010 and 2016. Citizens worth between $10,000 and $100,000 have shrunk from the 2010 number of 1,045 million people (or 23.5 percent of the world’s population) to the much lower number of 897 million (18.5 percent of the people) this year.
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Meanwhile, the upper middle class seemed relatively static. In 2010, 334 million people (7.5 percent of the population) were worth up to a million dollars. By this latest review, 365 million people (also 7.5 percent of the population) were worth as much.
The Credit Suisse report also found that 41 percent of all the world’s citizens worth at least a million dollars live in the United States. Only Japan and the United Kingdom came close with nine percent and seven percent, respectively, of the world’s population worth up to a million dollars.
The list of ultra high net worth-level (UHNW) individuals is also dominated by Americans. Fifty-two 52 percent of all the world’s UHNW individuals live in the U.S. By contrast, it takes all of Europe to equal the next 21 percent of these very wealthy people.
It does not appear that President Barack Obama’s polices helped the poor and middle classes get ahead. Instead, the rich have fared extremely well in the era of Obama, while everyone else has lost ground.
Follow Warner Todd Huston on Twitter @warnerthuston or email the author at igcolonel@hotmail.com.



The Appointment of Immigration Hardliner Jeff Sessions To Be AG Is A Strong Signal President Trump Means Business

The appointment of immigration hardliner Jeff Sessions to be Attorney General is a strong signal that Donald Trump is serious about tackling the issue that launched his campaign. When Mr. Trump famously descended the escalator at Trump T...

We need to reform legal immigration, too

The appointment of immigration hardliner Jeff Sessions to be Attorney General is a strong signal that Donald Trump is serious about tackling the issue that launched his campaign.
When Mr. Trump famously descended the escalator at Trump Tower and announced his candidacy, his signature issue became illegal immigration. That issue helped propel him to the White House.
He is now set to deliver a coherent set of policies designed to give us real, rather than illusory, border security. These include, but are not limited to: the construction of physical barriers to entry, the development a system to prevent visa overstays, the enforcement of e-verify and implementation of other employer sanctions, and the instigation of deportations. Most of these items can be done as part of his executive authority and do not need the approval of Congress.
Once border enforcement is implemented, however, President Trump needs to use his considerable persuasive skills to convince Congress to enact a new immigration law for the 21st century. In the long run, reform of the legal immigration system is as urgent a priority for America as the control of illegal immigration.
The last reform of the immigration system took place in 1965 with the passage of the Hart-Cellar Immigration and Nationality Act. Among other things, the new law gave preference to family reunification over demonstrable skills.
Thus, the 1965 Act made it harder for skilled immigrants to gain entry into the U.S. compared to relatives of recent immigrants (Mexico as opposed to the U.K., for instance).
As a result, the U.S. now has a large number of immigrants that are less skilled and educated than native-born Americans -- an irrational policy in the best of times but one which is increasingly indefensible at a time of decreasing demand for unskilled labor.
We urgently need to adopt a new immigration system, geared for the 21st century, designed to attract immigrants based on their skill levels and ability to assimilate, as opposed to the old system based on family reunification. An updated system could build in preferences for immigrants with high incomes, high education, high skills, access to investment capital, and fluency in English.
In developing such a system, the U.S. could look north of the border.
According to F.H. Buckley, law professor at George Mason University, “the Canadian system gives preference to immigrants who can be expected to make native Canadians better off. What that means is that Canada admits a lot more people on the basis of economic merit.”
“Canada prefers younger immigrants, people who are educated, people who want to go to places where there are labor shortages, people who are going to start businesses in Canada and hire Canadians,” Buckley says.
“Economic criteria are also a pretty good proxy for the virtues of good character,” he observes. “Not being priests, immigration bureaucrats may not be able to screen people for the cardinal virtues. But if they select immigrants on the basis of education, industry, and entrepreneurship, they’re likely to get a pretty good sort of fellow. They’ll also be picking immigrants more likely to integrate into Canadian society and to adopt its values — which Canadians think is a good thing.”
It is a good thing and should serve as a model for the U.S.
Ending the family reunification preference and enacting a 21st century immigration law that emphasizes skill and merit would be an immigration law that puts America first. What a concept!





Me and Jeff Sessions


Of the appointments President-Elect Trump is likely to make, Jeff Sessions will likely be the only one I know personally.  This being so, I am minded to scribble a few words concerning what I know of him.
In 1995, in the Alabama Republican Primary, Jeff and I were both on the ballot, he for the Senate and I for Congress.  I lost, but Jeff won against six credible candidates, and he went on to win in the general election against three not so credible Democrats.  (Two years previously, I had lost in the primary by 23 votes out of 50,000 cast.)  Since we were both on the ticket, naturally, Jeff's and my paths crossed on occasions.  In fact, after my loss, what had been my campaign headquarters in Huntsville was bequeathed to the Sessions campaign.  It was used, among many other things, for a rendezvous with John McCain when his bus came rolling in.
Through that time, and since then, I have gotten to know this man well.  His humility is becoming.  When friends in his hometown of Mobile were trying to get him to run for the Senate, they had to use force.  At the beginning, he was in the office of a supporter, drawn there to make money-raising calls.  Jeff made one call and hem-hawed around, and then he hung up the phone; said, "I can't do this"; and headed for the door.  His host caught him by the sleeve, led him back to the phone, and sat menacingly by his side as he made his first few calls.  The idea of going down a list of unknown names, calling them, and asking them for money seemed unnatural and egotistical to this young man, who was used to the modest and genteel ways in which he was reared. 
Jeff spent his youth in Minden, Alabama.  It's somewhere down there below Montgomery.  Let me know if your map is detailed enough to show it.  In high school, he worked as a clerk in a hardware store, where he sold, among other things, horse collars.  Yes, horse collars.  I have referred to that happenstance frequently, as I am now, as evidence of a youth being groomed to become a man of earthy earnestness and honesty with a practical understanding of life. 
My friendship with Jeff Sessions has been constant through the years.  Only once did one of our conversations occur with the raised voices of a disagreement.  And that was like a mark in the snow that evaporated at sunrise.  Shortly afterward, we greeted each other with chuckles, not words, acknowledging the triviality of the incident. 
Jeff Sessions is all that the outlaws now about to be trundled out of town on the tumbrel are not.  Above all, he is honest.  He is patriotic, hardworking for the good, and of good instincts.  If the rest of Mr. Trump's appointees merely approach the goodness of Jeff Sessions, we will have the good and great government that I, together with those reading these words, have hoped for so long. 

THE LA RAZA CRIME TIDAL

WAVE….. then they go vote Democrat for wider open borders and more welfare!



40% of all Federal Border Crimes are by invading Mexicans!


OBAMA-CLINTONOMICS:


THE FINAL TRANSFER OF AMERICA’ ECONOMY TO THE SUPER RICH!

 

http://mexicanoccupation.blogspot.com/2016/09/barack-obama-and-his-crony-bankstershow.html



THE GREAT DEPRESSION IS JUST AROUND THE/ALL CORNERS!


THE OBAMA DOCTRINE OF OPEN BORDERS TO DESTROY AMERICA…
The first step to building a Muslim-style dictatorship



"More than 728,000 illegal immigrants have been 


shielded from being deported and granted work permits 


through President Barack Obama’s 2012 executive 


amnesty program, according to the Migration 


Policy Institute."



MURDER, RAPE, LOOT and VOTE DEM FOR MORE!

EACH ILLEGAL WILL COST THE AMERICAN PEOPLE $640,000
and then they go breed anchor babies for more!


A NATION IN BORDER MELTDOWN:

MILLIONS OF JOBS TO ILLEGALS
AND BILLIONS IN WELFARE


MEXICO WILL DOUBLE AMERICA’S POPULATION

IMMIGRANT SHARE OF ADULTS QUADRUPLED IN 232
COUNTIES

STILL LOOTING THE POOR IN DETROIT: Detroit housing crisis deepens with county tax foreclosure auction


OBAMA'S CRONY BANKSTERS DESTROYED THE HOME VALUES OF MILLIONS OF AMERICANS.... WHILE OBAMA SUCKED IN THE BRIBES!

“As president, Obama not only funneled trillions of  dollars to the banks, he saw to it that not a single leading Wall Street executive faced prosecution for the orgy of speculation and swindling that led to the financial collapse and Great Recession, and he personally intervened to block legislation capping executive pay at bailed-out firms.”



AMERICA THE HOME OF THE HOMELESS: 

OBAMA-CLINTONOMICS AT WORK!

"The decline in homeownership is one sign of the deep social 

crisis in the United States. As rents and housing costs have 

soared, spurred on by financial speculation that has 

enriched the ruling elites, incomes and jobs for 

most Americans have shriveled."




AMERICA'S ROAD TO REVOLUTION




 “Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan THE AMERICAN THINKER.com



THE DEMOCRAT PARTY

HELL BENT ON FINISHING OFF THE AMERICAN WORKER!




"At one point she hailed the “record profits” of

the auto companies. She did not mention that 

these profits came at the expense of the jobs, 

wages and retirement benefits of thousands of 

auto workers, decimated under the terms of 

the auto bailout organized by the Obama 

administration."




Detroit housing crisis deepens with county tax foreclosure auction

Detroit housing crisis deepens with county tax foreclosure auction

By Debra Watson 
23 November 2016
Thousands of Detroit and Wayne County residents fear 
eviction in the coming months in what could be one of the 
biggest dislocations of low-income residents to result from the
 Wayne County treasurer’s yearly tax auction. The latest tax 
auction started only weeks after Wayne County Circuit Chief 
Judge Robert Colombo Jr. ruled in September on a lawsuit 
the American Civil Liberties Union filed in July against the 
county. The ACLU lost its bid for a moratorium on tax 
foreclosures on owner-occupied homes in Detroit.
The ACLU sued on behalf of several owner-occupiers and neighborhood associations in Wayne County’s largest city, Detroit, and was joined by the NAACP Legal Defense Fund. The plaintiffs framed the case primarily as racial discrimination related to the federal Fair Housing Act (FHA).
Underlying the case brought against the Wayne County Treasurer’s office was Detroit’s illegal over-assessment of taxes underlying each plaintiff’s tax debt. While Detroit Mayor Mike Duggan has acknowledged the city overcharged residents, his Corporation Counsel Melvin “Butch” Hollowell, invoked the terms of the Detroit bankruptcy to reject the claims and support the county in the suit.
The plan of adjustment was enacted in 2014 as the culmination of the Detroit bankruptcy conspiracy. Enacted with the collaboration of the unions, the Obama administration, bond holders, the banks and the courts, it was used to legitimatize attacks on city workers, privatization of city services, and the illegal looting of pensions of Detroit city workers and retirees.

BLOG: DON'T EXPECT THE OBOMB TO 

HELP! HE HELPS ONLY CRONY 

BANKSTERS, WALL STREET'S BIGGEST 

LOOTERS AND MUSLIM DICTATORSHIP!


The scale of home foreclosures in the city is 

staggering. According to the Michigan State 

Housing Development Authority, one in every 

275 housing units faced mortgage foreclosure 

in Detroit during the first quarter of 2009, one

of the highest rates in the US. Since 2005, 

more than one in three Detroit properties—

139,699 of 384,672—have been foreclosed 

either because of mortgage arrears or property

tax delinquency.

The 2016 County tax auction was completed at the end of October. Over 14,000 properties were offered for sale. In the first round of tax sales in September only 400 bidders participated and only about 1,000 properties were sold. The county attempted to sell off the remainder in October with lower minimum bids and property tax waivers.
Evictions would leave 2,000 owner-occupiers and 6,000 renters with few, if any, options for housing. According to the Urban Institute, between 2000 and 2013 affordable housing units for Extremely Low Income (ELI) renters in Wayne County were cut almost in half, from about 48,000 units to about 24,500.
Detroit is now the poorest big city in the US and suffers from the precipitous decline in affordable housing occurring nationwide. From 2000 to 2013 the share of housing units available to ELI renters declined nationwide, from 37 per 100 to just 28 per 100 families searching for a place to live. The Urban Institute notes that the decline in affordable housing is primarily the result of losing unassisted affordable units. This is consistent with the loss of cheaper private market housing such as the single family homes in Detroit that are being pulled down apace. Some 39.8 percent of households in Detroit fall below the poverty threshold, that is families of three making $20,000 annually and individuals making under about $12,000.
The median income in Detroit is abysmally low, just over $26,000 annually per family—half the US median income. These families look to affordable housing to offset their low-income status. While the ACLU case was filed on behalf of owner-occupiers, renters are affected if their landlord is foreclosed on. Over more than a decade, landlords have bought up whole swathes of single-family homes in Detroit, once owner-occupied, and then milked desperate tenants for rent. As a result the number of neglected properties and blighted neighborhoods is legion.
Millions in back taxes owed by rich scofflaws for blight and back taxes went unpaid for years while the speculators did their dirty work. Crain’s Detroit Business reported last month that Detroit finally filed nearly 600 lawsuits seeking a total of $12.2 million in blight violation fines and unpaid property taxes by large landowners stemming from properties sold in the 2013 Wayne County tax foreclosure auction.
Their list of blight violators includes many of the biggest national and international banks such as Deutsche Bank, $495,803.50, Wells Fargo Bank, $302,534.50, J.P. Morgan Chase: $210,190.
Dan Gilbert, billionaire owner of Quicken Loans, is said to have 60 office buildings downtown now in his empire of real estate bought on the cheap. For his part, Gilbert is asking the Detroit City Council for waivers from requiring that his housing properties that receive tax abatements contain “affordable” units. He wants to segregate “low-income” apartments built as part of any tax abatements granted away from units he builds to house the wealthy.
Even most of the low-income rents related to Michigan tax abatement building programs are beyond the reach of current city residents. ELI renters are often priced out of developer-friendly tax abatement programs where $700 or more of the rental price eats up most of the monthly income of the many retirees, disabled, and minimum-wage and part-time workers in this group.
The judge in the ACLU case allowed a portion of the case to go forward, and negotiations on streamlining assistance programs are expected. There should be no illusions that the housing crisis and abject poverty that have led to a growth of homelessness in the US will be resolved in the courts or in deals with politicians beholden to big property interests.
The organization Detroit Eviction Defense, an affiliate of Moratorium Now, founded by the pseudo-left Workers World Party, has played a role in creating illusions in the courts as a venue to fight foreclosures and evictions. During the Detroit bankruptcy they covered up for the Democratic Party by claiming the source of the Detroit housing crisis was racism. This simply ignores the fact that a series of African American mayors and city council members have presided for decades over the social disaster in Detroit.
The World Socialist Web Site spoke to Ronda, who lost her family home in Detroit. She said: “I lost my home and never knew anything about it until this guy came knocking on my door and said ‘can I take some pictures?’ And I said pictures of what? He said your home has been foreclosed. I told him I didn’t know anything about the foreclosure—no one ever told me about it. I was on a payment plan. Though the value of the house went down, my yearly taxes actually went up.
“All this happened at the time I was drawing disability because I had been injured in a head-on car collision. I worked for the State of Michigan and Henry Ford hospital for a total of 18 years. For a long time I had kept up with the payment plan I got on the house.
“I went to the Department of Social Services to get help with the back taxes, the taxes that my uncle had owed. They could never find anything to get it out of his name so the taxes started to build up. The house had been in our family for three generations, since my great-uncle bought it. Some time after he passed, it went to me.
“The highest tax bill I received during this whole situation was $4,000. DHS paid a thousand and I paid some of it. Then I was making payments, like maybe two hundred a month. When, at the suggestion of the city inspector who came to the house, I went to renew the hardship, they denied me the hardship.
“I say they denied me because to renew the hardship you have to pay half the back taxes. They did not extend my payment plan, but instead demanded that I come up with half the balance due before they would re-establish the hardship. Why would they do this?
“I watched the house online for awhile to see if I should try to get it back. The person from out of town who bought up all these houses was going out and reselling them for more than the back taxes owed. I was checking it everyday and saw the back taxes had gone down to $1,000, but then they went back up because obviously the person who owned it was not paying them.”

 

AMERICA’S TWISTED ROAD TO REVOLUTION:


 

Fighting back Wall Street’s Looting and Rule



http://mexicanoccupation.blogspot.com/2016/09/america-nation-ruled-wall-streets.html




OBAMA-CLINTONOMICS:


THE FINAL TRANSFER OF AMERICA’ ECONOMY TO THE SUPER RICH!

 

http://mexicanoccupation.blogspot.com/2016/09/barack-obama-and-his-crony-bankstershow.html


 AMERICA’S ECONOMIC ARMAGEDDON – The Impact of Obama-Clintonomics

Under Obama-Clintonomics, the rich became VERY rich and we got the tax bills for their bailouts and crimes!

 OBAMA-CLINTONOMICS:

IT WORKS!   BUT ONLY FOR THE SUPER RICH!!!

"The same period has seen a massive growth of social inequality, with income and wealth concentrated at the very top of American society to an extent not seen since the 1920s."


"He (Trump) is able to get a hearing because millions of people are being driven into economic insecurity and poverty while the rich and the super-rich continue to amass obscene levels of wealth. He is able with some success to divert mass discontent along reactionary nationalist and racialist channels precisely because what passes for the “left” in American politics, anchor by the Democratic Party, has moved ever further to the right, culminating in the Obama administration which has presided over endless war and an unprecedented redistribution of wealth from the bottom to the top of the economic ladder."

"The decline in homeownership is one sign of the deep social crisis in the United States. As rents and housing costs have soared, spurred on by financial speculation that has enriched the ruling elites, incomes and jobs for most Americans have shriveled."


SOARING POVERTY AND DRUG ADDICTION UNDER OBAMA


"These figures present a scathing indictment of the social order that prevails in America, the world’s wealthiest country, whose government proclaims itself to be the globe’s leading democracy. They are just one manifestation of the human toll taken by the vast and all-pervasive inequality and mass poverty

OBAMA-CLINTONOMICS TO SERVE THE SUPER RICH:

The slow and painful death of America that dominates American society."

http://mexicanoccupation.blogspot.com/2016/08/serving-super-rich-obama-clintonomics.html

THE OBAMA SOLUTION TO END WHITE CHRISTIAN AMERICA:

DRUG ADDICTION!!!


MEXICO: AMERICA’S DRUG DEALER!

The same period has seen a massive growth of social inequality, with income and wealth concentrated at the very top of American society to an extent not seen since the 1920s.

http://mexicanoccupation.blogspot.com/2016/08/obama-clintonomics-their-crony.html

“This study follows reports released over the past several months documenting rising mortality rates among US workers due to drug addiction and suicide, high rates of infant mortality, an overall leveling off of life expectancy, and a growing gap between the life expectancy of the bottom rung of income earners compared to those at the top.”

Wikileaks exposed!



BARACK OBAMA AND THE GOLDEN AGE OF CRONY BANKSTER LOOTING…. And not one went to prison!
FOR 8 YEARS BARACK OBAMA’S BANKSTER CRONIES AT CITIGROUP RULED AMERICA’S ECONOMY AND LOOTED IT INTO A DEPRESSION
“Citigroup’s recommendations came just three days after then-President George W. Bush signed into law the Troubled Asset Relief Program, which allocated $700 billion in taxpayer money to rescue the largest Wall Street banks. The single biggest beneficiary was Citigroup, which was given $45 billion in cash in the form of a government stock  purchase, plus a $306 billion government guarantee to back up its worthless mortgage-related assets.”

MUCH MORE HERE:


“As president, Obama not only funneled trillions of  dollars to the banks, he saw to it that not a single leading Wall Street executive faced prosecution for the orgy of speculation and swindling that led to the financial collapse and Great Recession, and he personally intervened to block legislation capping executive pay at bailed-out firms.”

“So when Clinton was hobnobbing with  Goldman Sachs CEO Blankfein in 2013, while  investigations of wrongdoing by Goldman and the other Wall Street banks were still ongoing, she was consorting with a man who belonged in prison.”