As The Middle Class Evaporates, Global Oligarchs Plan Their Escape Form The Impoverished Pleb Masses

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

The middle class has shrunk consistently over the past half-century. Until 2000, the reason was primarily because more Americans moved up the income ladder. But since then, the reason has shifted: There is a greater share of households on the lower rungs of the economic ladder.

– From yesterday’s New York Times article: Middle Class Shrinks Further as More Fall Out Instead of Climbing Up

At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said.

– From the Guardian’s article: As Inequality Soars, the Nervous Super Rich are Already Planning Their Escapes

So the other day, President Barack Obama once again demonstrated his contempt for the American public by using his State of the Union address to pejoratively blurt out meaningless phrases such as “but tonight, we turn the page” and: “The verdict is clear. Middle-class economics works. Expanding opportunity works. And these policies will continue to work, as long as politics don’t get in the way.”

Sorry, but why are “we turning the page” tonight? Weren’t you elected over six years ago? Why didn’t you turn the page in 2009?

Meanwhile, I’m astounded by the phrase “middle-class economics works.” Perhaps it does, but how would anyone know? The only thing I’ve seen from his administration is a laser focused determination to consolidate all American wealth and power into the hands of a tiny group of oligarchs and their lapdogs.

Indeed, the following articles published in the last two days by the New York Times and the Guardian show the true results of Obama’s oligarch-coddling legacy. The Obama years have been nothing short of an oligarch crime scene.

First, from the New York Times:

The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a century.

In the late 1960s, more than half of the households in the United States were squarely in the middle, earning, in today’s dollars, $35,000 to $100,000 a year. Few people noticed or cared as the size of that group began to fall, because the shift was primarily caused by more Americans climbing the economic ladder into upper-income brackets.

But since 2000, the middle-class share of households has continued to narrow, the main reason being that more people have fallen to the bottom. At the same time, fewer of those in this group fit the traditional image of a married couple with children at home, a gap increasingly filled by the elderly.

Remember, middle-class economics works. If the goal is its total destruction.

These charts from the New York Times do not tell the tale of a thriving economy:

Screen Shot 2015-01-26 at 10.17.50 AM

Even as the American middle class has shrunk, it has gone through a transformation. The 53 million households that remain in the middle class — about 43 percent of all households — look considerably different from their middle-class predecessors of a previous generation, according to a New York Times analysis of census data.

In recent years, the fastest-growing component of the new middle class has been households headed by people 65 and older. Today’s seniors have better retirement benefits than previous generations. Also, older Americans are increasingly working past traditional retirement age. More than eight million, or 19 percent, were in the labor force in 2013, nearly twice as many as in 2000.

According to a New York Times poll in December, 60 percent of people who call themselves middle class think that if they work hard they will get rich. But the evidence suggests that goal is increasingly out of reach. When middle class people look up, they see the rich getting richer while they spin their wheels.

One of the main reasons we have seen such a low level of resistance to this historic oligarch theft, is due to the successful brainwashing of the American public. Despite clear evidence to the contrary, 60% of what is left of the middle-class still think they are going to get rich. They have no idea that they are really just a bunch of deluded plebs unable to see how systematically and catastrophically they are being played.

Meanwhile, the Guardian describes how many global oligarchs are already planning their escape. These people know full well they are being enriched criminally. Their response is to take as much money as possible and flee before the pitchforks emerge (see: The Pitchforks are Coming…– A Dire Warning from a Member of the 0.01%).

With growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in people’s mind, the world’s super rich are already preparing for the consequences. At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said.

But as former New Zealand prime minister and now UN development head Helen Clark explained, rather than being a game changer, recent examples suggest the Ferguson movement may soon be forgotten. “We saw Occupy flare up and then fade like many others like it,” Clark said. “The problem movements like these have is stickability. The challenge is for them to build structures that are ongoing; to sustain these new voices.”

Clarke said: “Solutions are there. What’s been lacking is political will. Politicians do not respond to those who don’t have a voice In the end this is all about redistributing income and power.”

She added: “Seventy five percent of people in developing countries live in places that are less equal than they were in 1990.”

Welcome to the recovery suckers.

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  • Carl_Herman

    Well stated, GW; thank you.

    Yes, the BS from the Puppet in Chief is Orwellian. The BS is meant to “cover” the crimes of fraud and looting by the puppet masters. I don’t think we’ll ever have “recovery” until we have arrests and honest consideration of solutions.

    From what I can see in historical, academic, and common-sense consideration, we have real solutions ready to go: http://www.washingtonsblog.com/2015/01/martin-luther-king-assassinated-us-govt-king-family-civil-trial-verdict.html

  • paul

    Economic changes that were impoverishing America were masked between 1980 and 2000 by the multiple job phenomenon, with families running harder to stay in place.

  • Jan 27, 2015 Insanity 2016 Rant: Same Bullsh*t, Different Puppet Election

    The definition of insanity is doing the same thing over and over and expecting different results.

    I’m sorry, but I’m sick of people trying to lie to you and assure you that your vote for ANYONE in the presidential bread and circuses dog and pony show coming up in 2016 is going to matter in the slightest itty bitty teensy weensy little bit. Both sides of the carpet are corrupt and the entire system is not just broken, but irrevocably so.

    http://youtu.be/KKgs2UVKMss

  • The Mystery Deepens: Dutch Central Bank Denies Reports It Bought Gold For The First Time In 17 Years 01/27/2015

    Overnight, there was much commotion in the precious metal space when, out of the blue, the IMF reported that months after announcing it had unexpectedly repatriated over 120 tons of gold from the NY Fed, the Netherlands had also purchased some 10 tons of gold in the open market, taking its total to 622 metric tons, the highest since 2007, a period in which it had been unchanged for 8 years. Except… Moments ago Bloomberg blasted something even more unexpected. Namely that the “Dutch Central Bank Says It Did Not Increase Gold Holdings”!

    http://www.zerohedge.com/news/2015-01-27/mystery-deepens-dutch-central-bank-denies-reports-it-bought-gold-first-time-17-years

  • eeverett2 .

    The reason why the Occupy and Ferguson movements are fading is because they are built on the weak and divisive philosophy of Marxist-Anti-white racism. These movements aren’t fighting for true equality but to create a new social hierarchy based on race, gender and sexual orientation. The Ferguson movement tried to deny the white police officer, who was later exonerated, a fair trial. They collectively punished all whites with arson and vandalism when the grand jury in Ferguson ruled that officer Wilson was not guilty based on the evidence. I strongly supported the Occupy movement when they were actually protesting on Wall Street, but since then, they have became the Occupy Main Street movement. Instead of fighting for greater investment in shared public spaces, such as our transportation infrastructure, they have been shutting them down. Americans want populist who fight for equal rights and monetary reform, not these Marxist-racists. The trouble is that populists like Elizabeth Warren, are few in number and they are also very moderate. We need a strong unifying populist movement like Positive Money in England.