MUST WATCH: Bernanke’s True Legacy “Helicopter Ben” – Elaine Diane Taylor – YouTube: She is a wonderful singer with a huge vocal range and plays the guitar, too and is ten thousand times more talented than many of today’s pop stars who fake singing on stage and in reality, sing out of tune and off beat. While the New York Times notices that the rich got much richer and the middle class much poorer after Helicopter Ben bailed out his fellow bankers, the NYT refuses to see how free trade killed our unions and thus, the entire middle class. The members of the unions in the US slew themselves by voting for Reagan and cheap foreign goods which briefly, added to the easy credit debt, made middle class families feel temporarily rich.
Now, all the foreign cars, TVs, shoes, etc. are worn out and long gone and the once-high paying union jobs are rapidly vanishing and soon there will be no more unions and everyone will be wage slaves of the rich with a future of cheap, shoddy goods and desperation staring in our collective faces. Working people to death will be de rigueur. Already the lower ranks of bankers are filled with grossly overworked staff who are dying on the job, jumping off of roofs or hanging themselves at work as we see in London.
These bankers who control our government and our economy have rewarded themselves greatly at our collective expense and all their actions are designed to protect this illicit wealth. So instead of being put in prison for screwing up the entire economy, they are rescued and richly rewarded by fellow bankers who run things and politicians go to these rich people for money to run for office and the rich want goodies for themselves and hate unions. So we get no unions and no 40 hour weeks, no living wage, no insurance, no pensions, no sick leave, nothing.
Instead, they have national things like Obamacare which hits the working class hard and is the most inept healthcare reform on earth. Obama couldn’t pass any other system because the rich didn’t want the European or Canadian models.
The Chinese are getting restive especially since the US promised Abe we would fight WWIII for Japan if Japan wants tiny, isolated, distant islands for itself. So, the Chinese openly call to Replace dollar with super currency: economist|Americas|chinadaily.com.cn
Lin, now a professor at Peking University and a leading adviser to the Chinese government, said expanding the basket of major reserve currencies — the dollar, the euro, the Japanese yen and pound sterling — will not address the consequences of a financial crisis. Internationalizing the Chinese currency is not the answer, either, he said.
Lin urged the international community, especially the US and European Union, to play a leading role in currency and infrastructure initiatives. To boost the global economy, he proposed the launch of a “global infrastructure initiative” to remove development bottlenecks in poor and developing countries, a measure he said would also offer opportunities for advanced economies.
“It is perhaps a good time for the befuddled world to start considering building a de-Americanized world,” a Xinhua News Agency commentary said on Oct 14. The piece argued that creating a new international reserve currency to replace reliance on the greenback, would prevent government gridlock in Washington from affecting the rest of the world.
Here is an article by an ‘expert’ (HAHAAHA) at the NYT on the death of unions: The Middle Class Is Steadily Eroding. Just Ask the Business World. – NYTimes.com. Naturally, it doesn’t mention the trade deficit nor unions.
So here is my letter to the NYT:
Since 2009, the year the recession ended, inflation-adjusted spending by this top echelon has risen 17 percent, compared with just 1 percent among the bottom 95 percent.
The Federal Reserve is run by the rich bankers for fellow money hoarders. Congress is filled with millionaires. Our media owners are rich. The rich have pushed Free Trade and are pushing the latest free trade bill through Congress and no one talks about this with US workers.
The poor are kept in hearth and home by the rich who refuse to pay enough taxes for this and to keep the middle class from revolt, are cutting their taxes along with taxes on the rich and replacing this with deficit spending.
Bankruptcy looms in our collective future as the rich also push for more war spending because the military/industrial complex makes them filthy rich, too.
The white middle class shot themselves in the foot by voting for Reagan who gave them tax cuts and funny money spending via the national debt shooting upwards and in return, they signed their own death warrant by helping him and the GOP kill the unions.
The unions are dead and eventually our nation will be more or less economically dead, too. We have no tariffs and protections in trade and the US runs the world’s most gigantic trade deficit and has since Reagan and this is what is going to kill us in the end.
Congress, the President and our media virtually never mention the trade deficit. Or cover ‘free trade’ negotiations, for that matter. And Free Trade is a top priority for the Bilderberg gang.
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