Park Avenue: Money, Power and the American Dream⎜WHY POVERTY?⎜(Documentary)
https://www.youtube.com/watch?v=6niWzomA_So&list=WL&index=19
The close collaboration between the US Treasury, the Federal Reserve and the multi-billion dollar asset management firm Blackrock (JOE BIDN’S BIGGEST BRIBSTER) in devising the March 2020 rescue operation for Wall Street has been revealed in an article published in the New York Times yesterday.
The Economy is like a Bad Magic Trick - Full of Smoke and Mirrors
https://www.youtube.com/watch?v=mTUKpeXiB2U
What Happened To The American Middle Class? | Financial Crash Documentary | Business Stories
https://www.youtube.com/watch?v=YbTlq7A-wVs&list=WL&index=1
Is Los Angeles the worst run city in America - Homeless Update
https://www.youtube.com/watch?v=GeYZoWWBc4s&list=WL&index=4
MacArthur Park Is a Complete Wreck - Hollywood Homeless Breakdown
https://www.youtube.com/watch?v=81Yl97OypH0
The Homeless Festival is coming to a city near you - The Economy is a nightmare
https://www.youtube.com/watch?v=H97yfKjvfVw&list=WL&index=7
DEMOCRAT PARTY CRONY CAPITALISM
Barack Obama created more debt for the middle class than any president in US history, and also had the only huge QE programs: $4.2 Trillion.
http://mexicanoccupation.blogspot.com/2017/09/michael-bargo-jr-tragic-legacy-of.html
OXFAM reported that during Obama’s terms, 95% of the wealth created went to the top 1% of the world’s wealthy.
IT WAS BILL CLINTON, WORKING HAND IN HAND WITH JOE BIDEN WHO PERPETRATED NAFTA THAT BLUDGEONED MIDDLE CLASS JOBS AND SABOTAGED AMERICAN BORDERS TO KEEP 'CHEAP' LABOR ILLEGALS COMING FOR THE MASSIVE LA RAZA MEX WELFARE STATE ON MIDDLE AMERICA'S BACKS!
Shocking Signs That Show That The Middle Class In The U.S. Is Being Systematically Destroyed
https://www.youtube.com/watch?v=cYenuu1qeMw
THE CRONY CLASS: OBAMA-BIDENOMICS TRICKLE UP ECONOMICS
THE CRONY CLASS:
Income inequality grows FOUR TIMES FASTER under Obama than Bush.
http://mexicanoccupation.blogspot.com/2014/12/obamanomics-at-work-depressed-wages-and.html
“By the time of Bill Clinton’s election in 1992, the Democratic Party had completely repudiated its association with the reforms of the New Deal and Great Society periods. Clinton gutted welfare programs to provide an ample supply of cheap labor for the rich (WHICH NOW MEANS OPEN BORDERS AND NO E-VERIFY!), including a growing layer of black capitalists, and passed the 1994 Federal Crime Bill, with its notorious “three strikes” provision that has helped create the largest prison population in the world.”
“Of course, one of the main reasons the nation is now “divided, resentful and angry” is because race-baiting, Islamist, class warrior Barack Hussein Obama was president for eight long years." MATTHEW VADUM
Likewise, the Biden-Harris plan for national immigration policy — which seeks to drive up legal and illegal immigration levels to their highest levels in decades — offers a flooded labor market with low wages for U.S. workers and increased bargaining power for big business that has long been supported by Wall Street. JOHN BINDER
“Joe Biden is great on immigration. I guess depends on your perspective. If you’re a human trafficker, or drug dealer, you’d give him an A-plus, but theAmerican people would give him an F. The crisis at our border was not only entirely predictable, it was predicted. I predicted that if you campaign all year long on open borders, amnesty, and health care for illegals, you’re going to get more migrants at the border. That’s what’s happened since the election.”
SEN. TOM COTTON
Many Democrats understand that the welfare checks for foreign children will encourage more illegal immigration, he said:
They know what’s going on. But they know that they can’t say what their true goal is, which is actual open borders with open, uncontrolled migration both ways. And this is a step toward getting rid of borders.
“It’s a globalist mindset and it welcomes anything that moves toward open borders,” he concluded. NEIL MUNRO
WHO IS UP BIDEN’S ASS MORE THAN TECH BILLIONAIRES FOR OPEN BORDERS MARK ZUCKERBERG AND JEFF BEZOS???
By failures of border security, a lack of the enforcement of our immigration laws from within the interior of the United States and huge numbers of visas for high tech workers, the lives and livelihoods of Americans and their children, are being stolen by America’s corrupt political elite who are doing the bidding of those who provide them with huge “Campaign Contributions” (Orwellian euphemism for bribes) pursue legislation that is diametrically opposed to the best interests of America and Americans. MICHAEL CUTLER
As a senator, Biden vigorously voted for several similar bills. In short, based on his voting record, Joe Biden is not (and never was) a champion of disadvantaged Americans, unless you consider multi-billion-dollar credit card corporations and millionaires “disadvantaged.” Chris Talgo
Despite his Wall Street, big business, Big Tech, and billionaire donations, Biden has attempted to portray himself as a small-town fighter from Scranton, Pennsylvania
They Destroyed Our Country
“They knew Obama was an unqualified crook; yet they promoted him. They knew Obama was a train wreck waiting to happen; yet they made him president, to the great injury of America and the world. They understood he was only a figurehead, an egomaniac, and a liar; yet they made him king, doing great harm to our republic (perhaps irreparable.)”
Jack Cashill’s new book, Unmasking Obama: The Fight to Tell the True Story of a Failed Presidency, is widely available. See also www.cashill.com.
The costs of illegal immigration are being carefully hidden by Democrats. MONICA SHOWALTER
The Federation for American Immigration Reform estimates that California spends $22 billion(THE REVISED FIGURE IS CLOSER TO $50 BILLION on government services for illegal aliens, including welfare, education, Medicaid, and criminal justice system costs. STEVEN BALDWIN
Joe Biden is on record that illegals are “already Americans,” and under Alejandro Mayorkas, the Biden Department of Homeland Security is effectively the Department of Human Trafficking. John Fonte of the Hudson Institute makes a strong case that “operational control of the border is no longer in American hands,” and under the control of Mexican cartels. These are criminal organizations but behind the scenes, a more powerful dynamic is in play. Lloyd Billingsley
"This is country belongs to Mexico" is said by the Mexican Militant. This is a common teaching that the U.S. is really AZTLAN, belonging to Mexicans, which is taught to Mexican kids in Arizona and California through a LA Raza educational program funded by American Tax Payers via President Obama, when he gave LA RAZA $800,000.00 in March of 2009!
"The American Southwest seems to be slowly returning to the jurisdiction of Mexico without firing a single shot." --- Excelsior, the national newspaper of Mexico
“The radicals seek nothing less than secession from the United States whether to form their own sovereign state or to reunify with Mexico. Those who desire reunification with Mexico are irredentists who seek to reclaim Mexico's "lost" territories in the American Southwest.” Maria Hsia Chang Professor of Political Science, University of Nevada Reno
Shocking Signs That Show That The Middle Class In The U.S. Is Being Systematically Destroyed
https://www.youtube.com/watch?v=cYenuu1qeMw
Rising rents squeeze Americans across the country
https://www.youtube.com/watch?v=a8loST8zd28
We've talked about inflation a lot lately and how it's at a 40-year high. But rising rents are a part of that calculation. In many places around the country, rents have been climbing for months, far above the lows of the pandemic. And it's not only happening in the largest cities. Our community correspondents in New Orleans, Fresno, California and St. Louis have the story.
Rent Hikes as Much as 41% Drive Renters Out of Their Homes
https://www.youtube.com/watch?v=hdXZw0dfiaw
Bidenflation is Making Us Poorer
By Sloan Oliver
It’s amazing how often President Trump was pilloried by the leftist media for comments that later turned out to be 100% correct. For example, January 2017, Trump said that his campaign was spied on. Democrats and their media had a meltdown. Last month, the Durham investigation and the Wall Street Journal proved that candidate Trump, president-elect Trump, and President Trump was, in fact, spied on by the FBI (probably the NSA as well). Then, October 2020, Trump said, “The policies of the Left would unleash an economic disaster of epic proportions.” Again, the Dems and their media (CNN, NY Times, ABC, etc.) had a meltdown. Sadly, we are experiencing Trump’s predicted economic disaster -- historic inflation and record gas prices.
Regarding inflation, when Trump left office, inflation was an annual rate of 1.2%. In the past six months, inflation is out of control. According to the Bureau of Labor Statistics, year-over-year inflation was 6.2% (October), followed by 6.8%, 7.0%, 7.5%, and 7.9% (in February). If they used the old method (pre-1980) of determining inflation, it would be over 14.5%. Thank you, Joe, for your Bidenflation.
Throughout history, perhaps nothing has destroyed more governments than food shortages and economic collapse. Except for war, it’s hard to think of anything that creates more panic than not being able to afford basic necessities like food or fuel. Right now, the United States is in danger of falling into those conditions, yet Biden seems to be unconcerned. Worse, he doesn’t even notice it’s happening. The Dems think that record inflation, spiking gas prices, and supply issues will go away if they simply ignore what’s happening. And why won’t they? If a boy can become a girl by mere fantasy, then inflation and economic disaster can certainly be averted by wishful thinking.
Biden’s inflation is the result of his horrendous economic policies and a war on petroleum. President Trump accurately predicted that Bidenflation would lead to $7.00 gas prices. Unfortunately, most Bidenflation is on necessities -- energy and food. Again, according to the Bureau of Labor Statistics, since Biden took office, energy is up 26%, gas (here in central GA) is up over 100%. Meat and poultry are up 13%, and used vehicles are up 41%. Consider inflation’s cost to businesses -- labor costs have increased dramatically, if you can even find people willing to work. Even high earners are worried about rising prices. Those making $40K or $50K, the income of many in rural Georgia, are terrified at their shrinking paychecks. Prices are rising far faster than wages.
Through the lens of Econ 101, look at two recent examples of supply and demand: April 2020 we were all “locked down,” not going to school, church, work, etc. -- we were driving less. Demand for gas decreased but supply stayed the same. What happened to gas? Prices dropped to $1.67/gallon (Georgia’s average), 35 cents lower than one month prior. Next, with all those people at home, not at the factory producing goods, supplies dropped. And with tens of millions of people sitting at home, they began home improvement projects -- i.e. buying items such as lumber, flooring, etc. Demand for home improvement items rose while supplies shrank because nobody was producing. What happened to prices at Home Depot, Lowe’s, etc.? They skyrocketed; 2 x 4s tripled in price -- demand rose, supplies shrank.
Regarding current inflation, Biden and his media insist “It’s not me, it’s Putin, it’s COVID” that’s responsible. Know this, whatever they (Biden and Democrats) say isn’t the cause, most certainly is the cause. So, what’s the root cause of Bidenflation?
Last week, Biden told us government spending simply isn’t the cause of inflation. Biden actually said that his historic spending will reduce the deficit and inflation. (Try telling your spouse that your $20,000 credit card charge actually reduced your deficits.) Even though Joe has never been mistaken for a genius, he knows perfectly well that government spending is the cause of inflation. Inflation is a function of the money supply. It’s nothing more than the number of dollars in circulation chasing goods available to purchase. The more money in circulation, the less each single dollar is worth, and prices rise.
Right now, through government regulatory action, Biden has reduced the supply of gas while demand has increased (people are driving more because lockdowns have finally ended). More importantly to our inflation discussion -- in the last year, the U.S. government, with Biden’s insistence, has printed more money than any government in world history. So, Biden greatly expanded the money supply; he reduced the supply of gas while demand for gas increased. Therefore, gas prices will rise, as we’ve seen. Our supply and demand and money supply scenario can be applied to every item in the economy. Prices have risen because the Federal Reserve has greatly expanded the money supply. More dollars in circulation means every dollar buys less than before. The result is higher prices or Bidenflation. It’s not complicated.
To be fair, the huge expansion of the money supply didn’t begin with Biden. It began back in 2008 when the Federal Reserve gave themselves emergency power to print endless amounts of money under the policy of “quantitative easing (QE).” What is QE? Nobody really understands. It’s bureaucrat doublespeak. QE has been ongoing since 2008, but on steroids with Joe.
In the last year, Democrats and Biden have passed two of the largest spending bills in history, a $1.9 trillion package last March and another $1.5 trillion last week. (Recall last year everyone received $1,400 of “free money.”) Those huge spending bills are on top of Biden’s $6 trillion 2022 budget -- spending levels no government in human history has ever attempted, largely because most governments realize such spending will destroy the economy. Not Congress -- they have run up deficits that can never be repaid, unless every dollar is made less valuable; which they’re doing splendidly.
In real numbers, inflation will cost the average household $296 more each month or over $3,500 in 2022 alone. If you’re a big democrat like Obama, Hillary, or Stacey Abrams, that $3,500 means nothing. However, if you make $40,000, that $3,500 in additional costs is a disaster. That level of inflation will dramatically change your lifestyle. Bidenflation is making us poorer.
THE CONSPIRACY TO SABOTAGE HOMELAND SECURITY
The Democrat Party’s secret agenda for wider open borders, more welfare for invading illegals, more jobs and free anything they illegally vote for…. All to destroy the two-party system and build the GLOBALISTS’ DEMOCRAT PARTY FOR WIDER OPEN BORDERS TO KEEP WAGES DEPRESSED.
https://mexicanoccupation.blogspot.com/2018/11/frontpage-hidden-agenda-of-pueblo-sin.html
Demonstrably and irrefutably the Democrat Party became the party whose principle objective is to thoroughly transform the nature of the American electorate by means of open borders and the mass, unchecked importation of illiterate third world peasants who will vote in overwhelming numbers for Democrats and their La Raza welfare state. FRONTPAGE MAG
Wealth-X report: Billionaire wealth surged during pandemic
A new report from research firm Wealth-X found that the global COVID-19 pandemic has intensified the growth of social inequality and witnessed an unprecedented accumulation of wealth among the most privileged layers in society. For the first time in human history, the world had more than 3,000 billionaires in 2020.
This amounts to a 13.4 percent increase in billionaires since 2019, currently totaling 3,204 individuals, with a median wealth of $1.9 billion. Billionaires’ collective wealth swelled to $10 trillion, a 5.7 percent increase from 2019.
Amazon CEO Jeff Bezos (AP Photo/John Locher, File)
“Viewed in aggregate, the global pandemic delivered a windfall to billionaire wealth, boosted by the flood of monetary stimulus and swelling profits in key sectors that coined a new wave of younger, self-made billionaires,” the report said.
Billionaire wealth has increased steadily since 1990, but one-third of these wealth gains have occurred during the pandemic. US billionaire wealth increased nineteen-fold over the last 31 years, from an inflation adjusted $240 billion in 1990 to $4.7 trillion in 2021.
The parasitic growth in wealth was most pronounced in the United States, the center of world capitalism. The ranks of billionaires in all of North America grew by 17.5 percent from last year. In fact, North America’s 980 billionaires account for 30.6% of the world’s billionaires.
The US was the top billionaire country in 2020. According to a report from Americans for Tax Fairness (ATF) and the Institute for Policy Studies Program on Inequality (IPS), American billionaires have seen their collective wealth surge by 62 percent, approximately $1.8 billion, since March 18, 2020. Following North America, Asia saw its number of growing by 16.5%, for a grand total of 883. Asia’s billionaires saw their collective net worth grow to $2.6 trillion, a 7.5% increase.
The good fortune of this tiny layer of the world’s population over the past 18 months is all the more appalling when contrasted to the growing immiseration and impoverishment of billions of workers around the globe. As a few thousand billionaires amassed enormous sums of wealth, workers around the world lost $3.7 trillion in earnings during the pandemic, according to a report from the International Labor Organization (ILO).
The report estimated an 8.8 percent year-by-year decline in global working hours from 2019 to 2020, equivalent to 255 million full-time jobs. This is approximately four times greater than the recorded loss during the 2008-09 global financial crisis.
The lost working hours were due to massive cuts in working hours and unprecedented levels of job loss, impacting some 114 million people and their families. Significantly, 71 percent of these job losses came from “inactivity,” meaning at least 81 million people around the world left the labor market because they could not find work.
Women have been more adversely affected by the pandemic than men. Globally, employment losses for women stand at 5 percent, versus 3.9 percent for men. Women were much more likely than men to drop out of the labor market, most commonly due to childcare concerns. Younger workers have also been devastated. Employment fell by 8.7 percent among workers aged 15-24 years old, compared to 3.7 percent for adults. Generation Z, the oldest of whom is 23, has become the most unemployed generation and is on track to experience the same financial struggles as millennials.
In the US alone, the official poverty rate rose by 1.0 percent from 2019 to 2020, according to the US Census Bureau. The poverty rate grew to 11.4 percent, marking the first increase in the official poverty rate after five years of consecutive decline. In 2020, there were 37.2 million people in poverty, approximately 3.3 million more than in 2019.
At the same time, median household income in 2020 dropped by 2.9 percent from the previous year. This is the first statistically significant decline in median household income since 2011.
Over 86 million Americans have lost jobs, almost 38 million have been sickened by the virus, and over 675,000 have died from it. Between 2019 and 2020, the real median earnings of all workers fell by 1.2 percent. The total number of people reporting earnings decreased by about 3 million, while the number of full-time, year-round workers decreased by approximately 13.7 million.
The chief obstacle to solving the world’s burning social questions—whether the devastating impact of COVID-19 or the widespread growth of poverty—is the private profit interests of the capitalist ruling class. Every action these vultures have taken in response to the pandemic has been driven by the effort to protect the wealth and privileges of a few. To save lives and avert even further disaster, workers must fight for a policy based on the interests of the working class, the vast majority of society.
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