Economics of revolution: David DeGraw 30-minute interview on .01% voracious looting

30-minute interview here with David DeGraw and Dennis Trainor, Jr. of Acronym TV.

Technological evolution has been parasitized by a .01% who cause average American families to devolve from an economy in the 1950’s and ‘60s where one adult wage-earner could successfully raise a family and gain wealth, to today’s economy where over 75% of two adult wage-earners struggle to raise a family and cannot gain wealth.

Excerpt of the first section from David’s book, The Economics of Revolution, with adaptions of Part 1 here, and Part 2 here:

An extensive analysis of economic conditions and government policy reveals that the need for significant systemic change is now a mathematical fact. Corruption, greed and economic inequality have reached a peak tipping point.  Due to the consolidation of wealth, the majority of the population cannot generate enough income to keep up with the cost of living.  In the present economy, under current government policy, 70% of the population is now sentenced to an impoverished existence.

Let’s take an in-depth look at the evidence.

I: The Ultra-Rich .01%

To see how corrupt the United States government has become, just follow the money.  According to the most recent Federal Reserve Flow of Funds report, US households currently have an all-time high $82 trillion in overall wealth.  If that wealth were spread out evenly, every US household would now have $712k.  However, as of the end of 2013, the median household only had $56k in wealth.  From 2007 – 2013, overall wealth increased 26%, while the median household lost a shocking 43% of their wealth. If median wealth continues to decline at this rate, over 50% of US households will be bankrupt within the next decade.

The fact that the majority of households are losing so much wealth in a time of record-breaking overall wealth demonstrates how systemically corrupt the economy has become.  To begin to grasp the scale of corruption, let’s analyze how much wealth has been consolidated within the economic top 1% of the population.

The latest comprehensive look at wealth distribution data reveals that the “ultra-rich” economic top 0.01% of US households now has an all-time high 11.1% of overall wealth. The next tier, the 99.9% – 99.99% has 10.4%, and the top 99% – 99.9% has 18.3%.  In total, the top 1% now has an all-time high 39.8% of wealth.

When we correlate wealth distribution percentages with the $82 trillion in overall wealth reported by the Federal Reserve, it reveals that the top .01% has a stunning $9.1 trillion in wealth. In total, the top 1% has a mind-blowing $32.6 trillion.

To begin to comprehend wealth of this magnitude, one trillion is equal to 1000 billion. $32.6 trillion written out is $32,600,000,000,000.00.

Having that much wealth consolidated within a mere 1% of the population, while a record number of people toil in poverty and debt, is a crime against humanity.  For example, it would only cost 0.5% of the 1%’s wealth to eliminate poverty nationwide.  Also consider that at least 40% of the 1%’s accounted for wealth is sitting idle. That’s an astonishing $13 trillion in wealth hoarded away, unused.

Once you truly understand how much $32.6 trillion is, and realize how just a fraction of that wealth could dramatically evolve society for the benefit of all, the argument for significant systemic change is solid. However, as scandalous as these statistics are, they do not factor in trillions of dollars more in unaccounted for offshore wealth, which makes the overall situation sound significantly better than it actually is and hides the true depth of the crisis from popular consciousness.  (We will analyze hidden wealth in section 4.)

Looking toward the future, current trends reveal that the rate in which inequality is growing is increasing rapidly. Overall wealth increased by $1.5 trillion in the first quarter of 2014. If wealth keeps increasing at the current rate, there will be an increase of $6 trillion in 2014.  How will this wealth be distributed? If you look at income gains since 2009, 95% of them have gone to the top 1%.

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  • tate matson

    1. Even with the outrageous Jewish and Black Corruption in the US Government(they have institutionalized racism against White Christians) The American people–even the “poor” American’s live better than virtually everyone else on the PLANET!! That is a fact. So if these revolutions are coming–wouldn’t they start in polluted hell HOLES like Communist China where people work their buts off in de fact government sanctioned sweat shops? Or Indian where they are even poorer and if you can believe it–LESS chances to move up in society due to their CASTE system most likely invented by a JE** many years ago…….Or any of the dirt poor violent CORRUPT African Continent nations(a good number of them governments are completely supported by the OVER 20 PLUS billion Obama invests into those nations that refuse to help themselves–apparently they only know how to take!!! Hence they all ended UP POOR in the LONG RUN!!!! Western Europe and the USA, Canada, and Australian–all seem to have the same issues–at the same time……..since WE ALL KNOW it is manufactured “slowing economies” by the NON-JEWS who claim to be Jewish who are originally from ASIAN(CHINA) so NO they are not the REAL JEWS…..sorry to get off topic but some people are just so special!!!!! Our governments or as they should be called CRIMINAL ILLEGAL Institutions run by people with a god complex who USURPED the name and original and still “CHOSEN PEOPLE” due to their MORAL SUPRIORITY to the trash in Switzerland…….Lets just drop the bogus economy TALK–and get to the cold honest TRUTH—MMR and all of these other “vaccines” 1 in 50 people born in the WHITE WESTERN NATIONS WHO GET the FAKE JEW CONTROLLED DESIGNED MERK MMR VACCINE will develop AUTISM–that is 1 in 50 today—in 20 years it is protected(if nothing changes–don’t worry (REAL FUCKING CHANGE IS COMING) 1 in 2 WHITE BABIES born in 20 years would be autistic–or to put it another way–the white race would be de facto Exstinct if NOTHING CHANGED====LETS me digress alittle—Virtually the entire leadership of NAZI GERMANY WAS JEWISH—ofcourse they claimed to be Catholic–but the truth and the DNA prove they were JEWISH–even Hitlter and his wife per their DNA were JEWISH. It gave every EUROPEAN JEW an excuse to GET to move to the USA—where they have taken over the US government completely since then and MOST large industrial companies–all media–of course Hollywood–the federal governments top people are ALL JEWISH or token BLACK that is a fact…….FACT. Throughout History the NON-JEWS who claim to be the jews have done this–murdered and pillaged ruined and murdered society after society. So lets just go over that again–1 in 50 who get the MMR vaccine today WILL develop autism–20 years ago–1 in 100,000, 20 years before that–there was no autism!!!!!! Vaccines are wonder drugs for the jews since they make everyone as DUMB as they are!!! OH time to stop calling the part Asian, part black and part white murders the JEWS–the WHITE PEOPLE are the JEWS!!!!
    Google: “MIT MMR VACCINE AUTISM”
    Did I mention the Jews have been drilling holes all over in the PACIFIC OCEAN getting down to the IRON OXIDE part of the earths crust–then igniting the IRON OXIDE—-The Earths CRUSH—with THERMITE—and this fucking gift from them does not need oxygen to burn!! HENCE the PACIFIC OCEAN if you check various temperature readings are all different–1 will be 20 degrees warmer then the next closet sensor–etc etc—and that is why the Volcano is Japan is going off–that is why California, Washington, and Alaska have had small tremors–and THAT is why the media keeps saying Seattle is about to get WIPED out or NOW they say maybe California is going to get wiped out thanks to a MAN made earthquake…..these morons are playing with literally millions of peoples lives–NO MORE!!

  • tony newbill

    The Financial Crash of 2008-9 was not Bush’s Fault ….. We the People NEED
    to GET BACK TO THE BILL OF RIGHTS !!!!!!!!!!!!!!!!!!!!!!!!

    WE the PEOPLE NEED TO TAKE BACK OUR MONETARY SYSTEM , They are USING IT AGAINST
    WE the PEOPLE !!!!!!!!!!

    WE the People cannot have the Opportunity to participate in the

    Pursuit of Freedom and Prosperity without controlling the Monetary

    policies decisions that is being used against We the People today

    !!!!!!!!

    Its time to RESTORE the Bill of RIGHTS and with that take back

    control of the Monetary system to draft Policies that work for We the

    PEOPLE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Remember LIBOR

    Through all of my experience, what I never contemplated was that

    there were bankers who would purposely misrepresent facts to banking

    authorities

    Alan Greenspan, former US Federal Reserve chairman

    Paul White, who joined Royal Bank of Scotland (RBS) in 1984, was

    one of the employees responsible for the firm’s submissions to the London

    interbank offered rate, or Libor, the global benchmark for more than US$300

    trillion of contracts, from mortgages and student loans to interest-rate swaps.

    Behind him sat Neil Danziger, a derivatives trader at the bank

    since 2002. On the morning of March 27, 2008, Tan Chi Min, Danziger’s boss in

    Tokyo, told him to make sure the next day’s submission in yen would increase.

    “We need to bump it way up high, highest among all if possible,”

    Tan, known by colleagues as “Jimmy,” wrote in an instant message to Danziger,

    according to a transcript made public by a Singapore court and reviewed by

    Bloomberg before being sealed by a judge at RBS’s request.

    The trader typically would have swiveled in his chair, tapped

    White on the shoulder and relayed the request, people who worked on the trading

    floor said. Instead, as White was away that day, Danziger input the rate

    himself.

    The next morning RBS said it paid 0.97 per cent to borrow in yen

    for three months, up from 0.94 per cent the previous day. – Bloomberg reported

    March 2013

    When a bank can benefit financially from doing the wrong thing,

    it generally will. The extent of the Libor manipulation was eye-popping

    Sheila Bair, a former acting chairman of the US Commodity Futures Trading
    Commission

    and former chairman of the Federal Deposit Insurance Corp

    It has to be the biggest financial fraud of all time. Libor is

    the basis for calculating practically every derivative known to man

    Adrian Blundell-Wignall, special adviser to the secretary general of the

    Organization for Economic Cooperation and Development

  • tony newbill