AuthorTopic: Wealth Inequality Just Hit The 1929 Great Depression Levels  (Read 1316 times)

Offline azozeo

  • Master Chef
  • *****
  • Posts: 9741
    • View Profile
http://www.investmentwatchblog.com/wealth-inequality-just-hit-the-1929-great-depression-levels-now-what/

Argentina has been bailed out by the IMF with the biggest ever loan in IMF history. UK retailers are in trouble, more stores are closing down and the press is contributing this to online sales. Consumer credit growth has slowed, savings is declining, this is a recipe for a disaster. Corelogic reports that more than half the homes in the US are overvalued, just like in 2008. Household wealth rises to an all time high, but it is all funneled into the 1%, we are now back to the great depression levels. Ben Bernanke believes the economy will not make it until 2020. Chinaís new Silk Road is the new world trading system.

<a href="http://www.youtube.com/v/1srTxYqw1SQ&fs=1" target="_blank" class="new_win">http://www.youtube.com/v/1srTxYqw1SQ&fs=1</a>

I know exactly what you mean. Let me tell you why youíre here. Youíre here because you know something. What you know you canít explain, but you feel it. Youíve felt it your entire life, that thereís something wrong with the world.
You donít know what it is but its there, like a splinter in your mind

Online K-Dog

  • Global Moderator
  • Sous Chef
  • *****
  • Posts: 3899
    • View Profile
    • K-Dog
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #1 on: June 10, 2018, 12:34:47 AM »
It is all wacky.  In Seattle we have affluence and homelessness both increasing at the same time.  A two tier economy evolves where a small number of people, lets say 20%, since the number varies from place to place, are making bank and life is good.  For the 80% life is sucking.  Suicide is up and there is food insecurity.  Jobs don't pay enough in this group there is no security their jobs will exist next year if they do have one.  They may be contract and even know they have a shelf life.

Doesn't matter if you think this is right or wrong.  It can't last.



Hellfire from above or the economy simply won't abide a social arrangement where the value of money becomes different depending on if you are a 'winner or a looser' in the game.  It is not simply about being a lucky dog or not.

This:




Or This:



It is about this:



Bifurcation will lead to collapse and it is well under way.
« Last Edit: June 10, 2018, 12:37:39 AM by K-Dog »
Under ideal conditions of temperature and pressure the organism will grow without limit.

Offline Palloy2

  • Global Moderator
  • Sous Chef
  • *****
  • Posts: 6113
    • View Profile
    • Palloy's Blog
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #2 on: June 10, 2018, 08:43:35 AM »
The real bifurcation is between those who own the means of production and those who just work at producing.  The factory bosses understand that it is most profitable to pay low wages, the lower the better, and the workers only the choice between working for low wages and being destitute.  The workers real best choice is to join a union and bargain collectively, so the bosses lobby the government for anti-union legislation, and the media help by taking the boss' side, and police always help by strike-breaking.  It happens in every capitalist country, and at all times in history.  It is called the Class Struggle.

When taken to extremes, the workers are so lowly paid that they cannot buy the goods they produce, and the economy goes into depression and collapse.  You can mitigate this problem by giving the workers access to loans, but it only works for a while, and then they start to default on their debts - mortgage loans, car loans, education loans and credit cards.   The US is getting very close to the limit on debt. Only shareholders can afford to borrow and they already have all the goods they need, so they only buy more shares. 

If the government were to redistribute the wealth, thru taxes on the rich and support for the poor, everything would fix itself, but they cannot bring themselves to do it, having argued against that as socialism which is automatically evil due to the brainwashing.  So they do more of the same only harder, until it all crashes around them.  It won't be long now.  Probably WW3 will finish them off, in a month's time.  To think BAU will last for 20 more years is absurdly optimistic. 20 days more like.  Quick, buy more preps, and learn how to cook prime steak.
"The State is a body of armed men."

Offline g

  • Golden Oxen
  • Contrarian
  • Master Chef
  • *
  • Posts: 12280
    • View Profile
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #3 on: June 10, 2018, 08:52:09 AM »

Bifurcation will lead to collapse and it is well under way.

Perhaps it will lead to revolution but even that is doubtful.

Poor people being forced not to consume scarce resources is not an ingredient for collapse, BAU is.

Offline agelbert

  • Global Moderator
  • Master Chef
  • *****
  • Posts: 11820
    • View Profile
    • Renewable Rervolution
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #4 on: June 10, 2018, 09:37:25 AM »

Bifurcation will lead to collapse and it is well under way.

Perhaps it will lead to revolution but even that is doubtful.

Poor people being forced not to consume scarce resources is not an ingredient for collapse, BAU is.


It seems the "skill" of our propagandist mindforkers is being tested to the limit.


I am in agreement with GO on this issue. :o ;D As GO stated, more or less, the total collapse of civilization is being caused by BAU.




« Last Edit: June 10, 2018, 09:57:06 AM by agelbert »
Leges         Sine    Moribus      Vanae   
Faith,
if it has not works, is dead, being alone.

Offline g

  • Golden Oxen
  • Contrarian
  • Master Chef
  • *
  • Posts: 12280
    • View Profile
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #5 on: June 10, 2018, 09:48:55 AM »

Bifurcation will lead to collapse and it is well under way.

Perhaps it will lead to revolution but even that is doubtful.

Poor people being forced not to consume scarce resources is not an ingredient for collapse, BAU is.


It seeems the "skill" of our propagandist mindforkers is being tested to the limit.


I am in agreement with GO on this issue. :o ;D As GO stated, more or less, the total collapse of civilization is being caused by BAU.

Thank you Agelbert, A most unusual and may I state "Delightful" circumstance for a change.  ;D :D  :emthup:

« Last Edit: June 10, 2018, 10:02:25 AM by Surly1 »

Offline azozeo

  • Master Chef
  • *****
  • Posts: 9741
    • View Profile
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #6 on: June 10, 2018, 10:25:16 AM »
Were they shittin' in the streets in '29  :icon_scratch:

Bring on the hepatitis.....

<a href="http://www.youtube.com/v/uisCNfXqqMo&fs=1" target="_blank" class="new_win">http://www.youtube.com/v/uisCNfXqqMo&fs=1</a>
I know exactly what you mean. Let me tell you why youíre here. Youíre here because you know something. What you know you canít explain, but you feel it. Youíve felt it your entire life, that thereís something wrong with the world.
You donít know what it is but its there, like a splinter in your mind

Offline RE

  • Administrator
  • Chief Cook & Bottlewasher
  • *****
  • Posts: 41646
    • View Profile
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #7 on: June 10, 2018, 10:35:44 AM »
Quick, buy more preps, and learn how to cook prime steak.

Quick, move to the Tropical Rainforest and feed your Chooks, Dogs & Cats to the Pythons.  After that, jump into your used car and drive on exorbitantly priced gas the locals can't afford to the nearest hospital to get the best free medical care you can get in Indonesia.  On the way, stop in at the bank to make sure your Pension Check got deposited because you are going to need the money to pay the locals who are clearing your driveway so you can get deliveries  of new Orange Pi computers to play with.  This will surely save you.  ::)

I'll take the Preps and the Steaks.  The preps are very good tools, and the steaks taste really good.

RE
Save As Many As You Can

Offline agelbert

  • Global Moderator
  • Master Chef
  • *****
  • Posts: 11820
    • View Profile
    • Renewable Rervolution

Bifurcation will lead to collapse and it is well under way.

Perhaps it will lead to revolution but even that is doubtful.

Poor people being forced not to consume scarce resources is not an ingredient for collapse, BAU is.


It seeems the "skill" of our propagandist mindforkers is being tested to the limit.


I am in agreement with GO on this issue. :o ;D As GO stated, more or less, the total collapse of civilization is being caused by BAU.

Thank you Agelbert, A most unusual and may I state "Delightful" circumstance for a change.  ;D :D  :emthup:



GO said: A most unusual and may I state "Delightful" circumstance for a change.

When a person is, in my (not always :evil4:) very humble opinion, right, I try to not let my 'prejudices' get in the way of a wise and well thought out comment, like yours.

The horrendous inustices that oligarchs, kings, commissars, presidents (and other assorted elite riff raff throughout the sad history of the human species) visit on the masses is nothing new. What is new, is the increasingly unviable biosphere. This situation is a creeping cancer eating away at each and every complex life web system that we all depend on. This biosphere degradation, though imperceptible to most people due to its slow creep, has such MASSIVE inertia that it is virtually impossible to stop, or even slow.

Of course we should do what we can. Ignoring a cancer rarely cures it. But, as many who post here have said, more or less, THERE'S THE RUB! IOW, the ones with the actual power to DO something  to mitigate this Catastrophic Climate Change threatening to make us go the way of the Dodo Bird, refuse to engage in anything but slow, incremental steps that, though real and valid, are woefully inadequate.

I think I know why.

It's NOT because TPTB are stupid. They understand quite well what is going on with the climate. They understand that, no matter how titanic and massive the effort to clean up this planet's mankind Pollution Poisons produced by industry from mining to chemical factories to fossil fuels and so on, THIS generation, and probably the next FOUR GENERATIONS, will NOT see the benefits due to the massive inertia baked in to t Catastrophic climate Change.

Why invest trillions (it will take many trillians!) to convert our civilization to one that doesn't destroy the biosphere when you will not see much of ANY benefits in your elite oligarch life or that of your privileged offspring and two or three generations down the line as well?

But there is more. The transition to a sane civilization that lives in harmony with the biosphere will create havoc and poverty and death and strife and misery simply because THAT MONEY is now needed to keep the Catastrophic Climate Change damage from getting temporarily 'out of hand' (see: finger in the dike).

Transitioning to a sane civilization that protects and preserves a viable biosphere is, for TPTB, just not a 'good investment'.  :evil4:

So, they do a bit of math and start hoarding all the goodies that they need to start a civilization all over again when the masssive die-offs happen.

They sit down with top scientists and try to get accurate data for the minum size cohort representatives of various species, including humans, to kick start the biosphere after it has been thoroughly trashed in the next 150 years or so (see: unstoppable Catastrophic climate Chane INERTIA).

It won't work. But, TPTB have always functioned this way. They know of no other way to behave, due to their moral failings.

GO, if you want to know why the plan TPTB have to survive with about 90% less "useless eater humans" is doomed to failure, PM me. It is unrelated to this thread and deals with Climate Change hard facts.
« Last Edit: June 10, 2018, 12:42:23 PM by agelbert »
Leges         Sine    Moribus      Vanae   
Faith,
if it has not works, is dead, being alone.

Offline azozeo

  • Master Chef
  • *****
  • Posts: 9741
    • View Profile
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #9 on: June 10, 2018, 01:09:09 PM »
The answer to the question posted above is "NO".

Folks didn't need to shit in the streets back in '29. 90 years later a '29 type crash will end in oh, say, 72 to 96 hours ....

That's when the GGGolden rule kicks in. Guns, Grub & Gold will rule for oh, say 72 to 96 hours.....

That's when the air will be so poisoned EVERYWHERE that disease will set in & the 3D Land of Oz has it's last curtain call.

Nice last 2 weeks vay-cay Diners  :coffee:
I know exactly what you mean. Let me tell you why youíre here. Youíre here because you know something. What you know you canít explain, but you feel it. Youíve felt it your entire life, that thereís something wrong with the world.
You donít know what it is but its there, like a splinter in your mind

Offline Palloy2

  • Global Moderator
  • Sous Chef
  • *****
  • Posts: 6113
    • View Profile
    • Palloy's Blog
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #10 on: June 10, 2018, 04:03:25 PM »
In Elizabethan times in England, the people used to shit indoors and then empty their buckets in the street, and horses would shit wherever, making the streets extremely unpleasant.  But because strong constitutions were selected, people didn't die off en masse.  The reticulated water round here is contaminated with fecal coliforms, all public taps have labels saying to boil before drinking, but only the tourists get sick from it.

The die-off won't be pleasant, but if the city officials "solve" the problem with a new sewerage system, then you get the Hep-A problem re-emerging.  Everybody would want to save their child's life, but it isn't clever in the long run as the population only increases uncontrollably.
"The State is a body of armed men."

Offline azozeo

  • Master Chef
  • *****
  • Posts: 9741
    • View Profile
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #11 on: June 10, 2018, 04:44:52 PM »
In the 1920's in the U.S. the country was more rural, folks could live off the land easier. With 400M folks here now
the mid-west will fare better than the coasts. I'm 300 miles inland from So.Cal. The other side of the canyon still operates
like little house on the prairie with exclusion of Toyota Tacoma P-up's instead of buck boards. As well the Hualapai's (Wall A Pie)
won't miss a beat on the tribal lands & in the canyon. They'll loose chopper service, however the mule service will prevail for transpo.
I know exactly what you mean. Let me tell you why youíre here. Youíre here because you know something. What you know you canít explain, but you feel it. Youíve felt it your entire life, that thereís something wrong with the world.
You donít know what it is but its there, like a splinter in your mind

Offline azozeo

  • Master Chef
  • *****
  • Posts: 9741
    • View Profile
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #12 on: June 10, 2018, 05:41:06 PM »
<a href="http://www.youtube.com/v/wGnzRUGUT78&fs=1" target="_blank" class="new_win">http://www.youtube.com/v/wGnzRUGUT78&fs=1</a>
I know exactly what you mean. Let me tell you why youíre here. Youíre here because you know something. What you know you canít explain, but you feel it. Youíve felt it your entire life, that thereís something wrong with the world.
You donít know what it is but its there, like a splinter in your mind

Offline BuddyJ

  • Bussing Staff
  • **
  • Posts: 74
    • View Profile
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #13 on: June 10, 2018, 06:25:44 PM »
If the government were to redistribute the wealth, thru taxes on the rich and support for the poor, everything would fix itself, but they cannot bring themselves to do it, having argued against that as socialism which is automatically evil due to the brainwashing. 

Maybe they weren't brain washed, perhaps they just looked around and realized that it may not be any better of a solution than any of the other schemes folks have come up with to properly distribute a countries wealth?

Quote
Venezuela food shortages cause some to hunt dogs, cats, pigeons

https://www.usatoday.com/story/news/world/2016/05/18/venezuela-food-shortages-cause-some-hunt-dogs-cats-pigeons/84547888/

Offline Palloy2

  • Global Moderator
  • Sous Chef
  • *****
  • Posts: 6113
    • View Profile
    • Palloy's Blog
Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
« Reply #14 on: June 10, 2018, 06:51:32 PM »
Quote
GO: Perhaps it will lead to revolution but even that is doubtful.

The government will implode and collapse.  There won't need to be a violent revolution against the current powerful forces.  Only a need to work out how your local community intend to keep on doing things without electricity, phones, internet, mains water, sewerage and money/banking/shops. 

I don't know why nobody wants to discuss what programs should be shaped like to prevent wasting time and energy on creating another BAU system.  We are entering a time of dramatic change and we haven't even worked out what the "revolution" needs to be about.
"The State is a body of armed men."

 

Related Topics

  Subject / Started by Replies Last post
23 Replies
3684 Views
Last post November 12, 2015, 12:39:03 AM
by Ka
0 Replies
702 Views
Last post March 07, 2016, 11:16:18 AM
by Eddie
0 Replies
418 Views
Last post May 22, 2017, 07:41:16 AM
by RE