Yes rigsy, the short lived US middle class is all but gone...and it is no accident.
http://www.commondreams.org/view/2011/08/06 Hyperbole, perhaps. Directly applicable?... absolutely! On Aug 27, 6:29 am, rigsy03 <[email protected]> wrote: > The middle class is shrinking- the class that drives an economy. > > Greece is not a good example. Libya is a wealthy country- sweet crude, > investments around the world=cash. Now the clean up crew will clean up > with new oil contracts and rebuilding a ruined infrastructure all in > the name of liberty and freedom as per the examples of Iraq and > Afghanistan plus we have "miles"/countries to go, as Frost put it. > > On Aug 27, 2:12 am, archytas <[email protected]> wrote: > > > > > > > > > Banks are lying about money laundering - > > seehttp://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs > > - as an example. They are also hiding losses illegally through > > massive false accounting that has been 'made legal'. The basic scam > > is similar to the alleged 'rogue trading' that brought down Barings - > > losses are being moved around through subsidiaries and the ability to > > 'mark to model' (instead of market) on assets - hence Bank of America > > is claiming to be worth $325 billion but is only trading at £65 > > billion on the exchanges. > > What we probably have is the near certainty of bank collapses. We are > > currently funding these bent operations instead of going to full > > employment and wealth redistribution to prevent recession. > > Banks have sprung up all around the European drug routes for no other > > explicable reason (just like Miami in the past). > > > There is no reason for a global recession, but that's different from > > whether one is being engineered. The Greeks are currently being > > pilloried as having wasted all the money 'we' lent them - but who made > > the decisions to pile money in there rather than into factories or > > whatever? Not only is cash hard to track as Rigsby says - one can't > > even track through bank accounts of their own assets, much of which > > are junk but claimed, via securitisation as 'real'. > > > On Aug 27, 1:31 am, "Howard Lee Mosely Jr." <[email protected]> > > wrote: > > > > people are at a point where there own person and security is for more > > > value is worth more than loyality to at state : or organizatoin : morals > > > and > > > manners discarded for more of a authorized control to ease a subconcious > > > rebeling of a hibitaully slaved mindstate than the sence of being govern > > > seems adverse to a widen culturaled soicity where humanity over powers > > > human error and misplaced hatreds for the presevation of all kind > > > humankind > > > ?? > > > > On Fri, Aug 19, 2011 at 6:12 AM, paradox <[email protected]> wrote: > > > > Recently, i read of an "authority" on institutional debt proclaim that > > > > a global recession was now inevitable. My first thought was that this > > > > was something of a curious "God like" statement, which was actually > > > > plain and simply wrong. There is actually next to no risk of a global > > > > recession. > > > > > How do they get away with stuff like this, i wonder? > > > > -- > > > Howard Lee Mosely Jr.- Hide quoted text - > > > - Show quoted text -
