Wednesday, August 03, 2011


“Gosh, mommy, it’s on TV so it must be true.”

Yesterday Al Jazeera reported…

“The richest 1% of US Americans earn nearly a quarter of the country’s income and control an astonishing 40% of its wealth. Inequality in the US is more extreme than it’s been in almost a century — and the gap between the super rich and the poor and middle class people has widened drastically over the last 30 years.”

Click here for Richard Cory

The secret word is Avarice


Aleleeinn said...

I've heard those numbers before. UHH, could this be our new source for reliable news?

peterrocker said...

No doubt the Legacy the Republican Party and a succession of their Presidents have left the people they are supposed to represent.

Aleleeinn said...

Every scenario I see coming out of this situation will be ugly. The longer it continures the uglier it will be.
It is very interesting that the over-greedy don't see that if America fails that they too will be of no value. They will merely be old enemies no longer with an real power.
China and India, and the Muslem world remember who the colonialists were/are/

Anonymous said...

These wealthy elite already have getaways established in other parts of the world. They'll skim off the last bit of US value and get out of Dodge before the country implodes/explodes. I.e., they don't care.

Aleleeinn said...

But those countries will have no problems "nationalizing" the foreign wealth to cover loses on USA investments. The long arm of USA military might has kept them safe for a very long time. Or maybe it will degenerate into a bribery culture.
But I do agree that they will bail with all the cash that they can beg borror or steal.
As an astute business man said of China: "Their flag is the dollar sign." Well insert what ever currency of comodity that has value in gogue.