Subscription expired
RSSbox powered by rssinclude.com

--



CLICK HERE PLACE YOUR ADS ON AMPED STATUS




--
AmpedStatus Report )))

EXCLUSIVE: Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million People With Zero Net Worth, As the Economic Elite Make Off With $46 Trillion

August 10th, 2011 | Filed under Economy, Feature, Hot List, News, Politics & Government . Follow comments through RSS 2.0 feed. Click here to comment, or trackback.

Email This Email This - Print This Print This

Post to Twitter Post to Facebook Post to Reddit Post to Digg Post to StumbleUpon

Editor’s Note: The following report includes adapted excerpts from David DeGraw’s book, “The Road Through 2012: Revolution or World War III.” Release Date: 9.28.11

Analysis of Financial Terrorism in America
Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million People With Zero Net Worth, As the Economic Elite Make Off With $46 TrillionBy David DeGraw, AmpedStatus Report

Abstract :: Welcome to World War III
Introduction

Part One :: The Economic Devastation

I :: Poverty
II :: Food Insecurity
III :: Unemployment
IV :: Declining Income

Part Two :: The Economic Elite

V :: How Much Wealth Do The Economic Elite Have?
VI :: Who Rules America? Revealing The Economic Top 0.1%
VII :: Tax Breaks For The Rich, Budget Cuts For The Rest Of Us

Part Three :: The Perfect Storm Overhead
(Inequality = Debt = Austerity = Civil Unrest = Inflation + Deflation = Stagflation)

VIII :: Debt Slavery
IX :: Inflation
X :: The Beaten Masses

Part Four :: Fascism in America

XI :: Modern Day Slavery
XII :: The Death Toll
XIII :: Deliberate Systemic Attacks


Abstract :: Welcome to World War III

Despite increasing personal financial hardship, most Americans remain unaware of the economic world war currently unfolding. An all-pervasive corporate and government propaganda campaign has effectively obscured this blatant reality. After extensive analysis, it is evident that World War III is a war between the richest one-tenth of one percent of the global population and 99.9 percent of humanity. Or, as I have called it, The Economic Elite Vs. The People. This war has been a one-sided attack thus far. However, as we have seen throughout the world in recent months, the people are beginning to fight back. The following report is a statistical analysis of the systemic economic attacks against the American people.

Introduction

The American public has sustained intensive economic attacks across broad segments of the population. While the attacks have been increasingly severe in scale over the past four years, they have been implemented with technocratic precision. They have been incrementally applied thus far, successfully keeping the population passive and avoiding any large-scale civilian unrest, while effectively reducing living standards for the majority of the population. As you will see in this report, the 55 million Americans that have been hit the hardest have thus far acquiesced due to temporary financial assistance, such as food stamps and extended unemployment benefits.

The global Economic Elite have been much more strategic in handling the American public, as they are potentially the greatest threat to their continued consolidation of wealth, resources and power. National populations that are not as powerful, and on the periphery of the Economic Elite’s global empire, have been dealt with in much harsher fashion. In many smaller and less powerful countries the dramatic rise in food prices and costs of living have led to all-out revolt — Tunisia, Algeria, Albania and Egypt were among the first to rebel. While the contagion of rebellion has rapidly spread throughout Northern Africa and the Middle East, it is also spreading in a decentralized manner throughout most of the world, now threatening popular rebellion throughout Europe. Like the US population, the geographically clustered European nations represent a potentially powerful countervailing force to the Economic Elite’s continued domination.

Within the United States, the technocratic suppression of the population has been extensive. Increasingly severe economic and governmental policies have systematically eroded civilian wealth, power and rights. Intensive propaganda has effectively distracted, confused, isolated, marginalized and divided the US population. Despite the success of these efforts thus far, given the severe, prolonged, unsustainable and escalating level of economic suffering, outbreaks of civil unrest are inevitable. The US population, if a critical mass is reached, represents the greatest threat to the Economic Elite. In this regard, the American people are their primary adversary.

In writing this report, I will clearly demonstrate the severity and scale of the deliberate systemic economic attacks against the US population, in hope that we can urgently build a critical mass of aware and engaged citizens.

Part One :: The Economic Devastation

Snapshot: According to most recent Census Bureau data, from 2005 – 2009, average US household wealth declined by 28%. This represents a loss of $27,000 per household. Currently, at least 62 million Americans, 20% of US households, have zero or negative net worth.

The Census figures cited above are based on statistics that have been consistently proven to be lowball estimates. The government and corporate media spread propaganda on vital economic statistics that mask the severity of our economic crisis. Deceptive inflation, unemployment, poverty and GDP measures, which cast the illusion of recovery, are easily exposed with some research and a closer look at the data. Throughout this report, we will explore significant examples of government economic propaganda. In several cases, the government has been forced to revise their numbers due to proven inaccuracies. The government’s “revisions” are most always for the worse, and are usually just a footnote correction that the public is rarely ever aware of. All that being said, for many statistics we are forced to use government data, as there are not any other extensive data sets available from alternative sources.

I :: Record Breaking Poverty

The Census Bureau poverty rate is a horribly flawed measurement that uses outdated methodology. The Census measures poverty based on costs of living metrics established in 1955 – 56 years ago. They ignore many key factors, such as the increased costs of medical care, child care, education, transportation, and many other basic costs. They also don’t factor geographically-based costs of living. The National Academy of Science measure, which gets little if any corporate media coverage, gives a much more accurate account of poverty, as they factor in these vital cost of living variables.

The most current Census data revealed that 43.6 million Americans, 14.3% of the population, lived in poverty in 2009. While that is a staggering number that represents the highest number of American people to ever live in poverty, and a dramatic increase of four million people since 2008, it significantly under-counted the total. Last year, in my analysis, extrapolating data from 2008 National Academy of Science findings, I estimated that the number of Americans living in poverty in 2009 was at least 52 million. Recently, the National Academy of Science released their latest findings, backing up my claim by revealing that 52,765,000 Americans, 17.3% of the population, lived in poverty in 2009.

The poverty rate for children is even worse. According to Census data, a total of 15.5 million American children lived in poverty in 2009, which is 20% of all children. The number of children in poverty increased 28% since 2000, and jumped 10% from 2008 to 2009. Extrapolating data from the 2009 National Academy of Science poverty rate, in relation to the Census childhood poverty data, the number of American children living in poverty in 2009 is more accurately 18.8 million, which is 24%, or nearly one in four.

Other than this rapidly increasing number children who are in families that have recently fallen into poverty, “every day in America 2,573 babies are born into poverty.”

As the chart to the right shows, even with the lower Census numbers, nine major American cities have a poverty rate over 25%.

It is important to note, based on many key indicators, as you will see throughout this report, the overall poverty totals have increased since 2009. Also consider that the recent deficit reduction plan is going to cut “anti-poverty” programs that currently assist tens of millions of Americans. A study by the National Bureau of Economic Research estimates that “the poverty rate would double without these programs.” It is predicted that the new deficit deal will cut the funding for these programs in half, which, based on these estimates, would bring the total number of Americans living in poverty up to 80 million people, 26% of the population.

II :: Record Breaking Food Insecurity

For another revealing statistic, which has been quickly increasing, we can look at the number of Americans currently surviving off of food stamps. In 2005, 25.7 million Americans needed food stamps, currently 45.8 million people rely on them. As the chart to the right shows, the number of people in need of food stamps has been rapidly increasing year-over-year.

Meanwhile, Congress is cutting the funding for the food stamp program at a time when the Department of Agriculture estimates that an additional 22.5 million people will need them, bringing the total number of Americans in need of food assistance to a stunning 68.3 million people.

III :: Record Breaking Unemployment

While the “official” unemployment rate hovers around 9%, 14 million people, the government’s numbers are deceptively low once again. The only reason unemployment has stayed below 10% for the past few months is because millions of long-term unemployed, and part-time workers who are looking for full-time work, are not included in the baseline government unemployment rate. John Williams, from ShadowStats.com, has a consistently proven method of tracking unemployment that provides a much more accurate view of the overall situation. As shocking as it may sound, when you apply his SGS method, counting the total number people in need of employment, you get a current unemployment rate of 22.5%, which is an all-time record total of 34 million people currently in need of work. Here is how the SGS rate is calculated:

“The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.”

On top of these shocking figures, the labor force participation rate, which measures the percentage of the total population currently working, has fallen to a 27-year low of 63.9%.

Currently, an all-time record 6.3 million people have been unemployed for over six months. As the chart to the right shows, the average time it takes for a person to find a job has also just hit an all-time high of 40.4 weeks.

As companies continue to downsize and shift jobs overseas, unemployment is once again accelerating. Private-sector job cuts in July surged 60% to a 16-month high. When accounting for population growth within the total labor force, from December 2007 to present, we have lost 10.6 million jobs.

With the implementation of state and federal budget cuts, public-sector unemployment is accelerating as well. According to the Center on Budget and Policy Priorities, since August 2008, state and local governments have cut 577,000 jobs. The Economic Policy Institute estimates that cuts in the new deficit deal will lead to an additional 1.8 million job losses.

Of the new jobs that have been added in 2010, 60% of them are in low-wage fields. Since December 2007, the official unemployment rate has masked the fact that 2.8 million of the news jobs created have been part-time jobs.

Breaking down the data, over the last 12 months, the National Employment Law Project found that well-paying jobs are rapidly decreasing, while low-paying jobs are helping to mask an increasingly dire employment crisis:

· Lower-wage industries constituted 23% of job loss, but fully 49% of recent growth
· Mid-wage industries constituted 36% of job loss, and 37% of recent growth
· Higher-wage industries constituted 40% of job loss, but only 14% of recent growth

IV :: Declining Income

While the cost of living from 1990 – 2010 increased by 67%, worker income has declined. According to the most recent available IRS data, covering the year of 2009, average income fell 6.1%, a loss of $3,516 per worker, that year alone. Average income has declined 13.7% from 2007 – 2009, representing a $8,588 loss per worker.

The decline in worker income is due to the dramatic increase in CEO pay. CEO pay has consistently increased year-over-year since the mid-1970s. From 1975 – 2010, worker productivity increased 80%. Over this time frame, CEO pay and the income of the economic top 0.1% (one-tenth of one percent) of the population quadrupled. The income of the top 0.01% (one-hundredth of one percent) quintupled.

To understand the affect CEO pay increases have had on workers’ declining share of income on an annual basis, after analyzing 2008 tax data, leading tax reporter David Cay Johnston summed up the situation with these revealing statistics:

“Had income growth from 1950 to 1980 continued at the same rate for the next 28 years, the average income of the bottom 90 percent in 2008 would have been 68 percent higher…. That would have meant an average income for the vast majority of $52,051, or $21,110 more than actual 2008 incomes. How different America would be today if the typical family had $406 more each week…”

As shocking as that is, over the last two years, workers have lost an even higher share of income to CEOs. In the last year alone, CEO pay skyrocketed by 28%. Looking at 2009, according to a recent Dollars & Sense report, workers lost nearly $2 trillion in wages that year alone:

“In 2009, stock owners, bankers, brokers, hedge-fund wizards, highly paid corporate executives, corporations, and mid-ranking managers pocketed—as either income, benefits, or perks such as corporate jets—an estimated $1.91 trillion that 40 years ago would have collectively gone to non-supervisory and production workers in the form of higher wages and benefits.”

As bad as these numbers are, consider that the attack on American workers has increased significantly since 2009. From 2009 to the fourth-quarter of 2010, 88% of income growth went to corporate profits (i.e. CEOs), while just 1% went to workers.

As the NY Times reported in an article entitled, “Our Banana Republic,” from 1980 – 2005, “more than four-fifths of the total increase in American incomes went to the richest 1 percent.” Again, as bad as that was, since 2005 it has gotten even worse, as Zero Hedge recently reported, labor’s current “share of national income has fallen to its lowest level in modern history.” This chart shows how workers’ percentage of income has been rapidly declining:

The bottom line, as statistics clearly demonstrate, these trends are getting worse and the attacks against us, as severe as they have been over the past four years, are dramatically escalating.

Part Two :: The Economic Elite

“There’s class warfare, all right, but it’s my class,
the rich class, that’s making war, and we’re winning.”

– Warren Buffett, Chairman and CEO of Berkshire Hathaway

V :: How Much Wealth Do The Economic Elite Have?

While 68.3 million Americans struggle to get enough food to eat and wages are declining for 90% of the population, US millionaire household wealth has reached an unprecedented level. According to an extensive study by auditing and financial advisory firm Deloitte, US millionaire households now have $38.6 trillion in wealth. On top of the $38.6 trillion that this study reveals, they have an estimated $6.3 trillion hidden in offshore accounts.

In total, US millionaire households have at least $45.9 trillion in wealth, the majority of this wealth is held within the upper one-tenth of one percent of the population.

If all this isn’t obscene enough, to further demonstrate how the global economy has now been completely rigged, Deloitte’s analysis predicated, based on current trends, that US millionaire households will see a 225% increase in wealth to $87.1 trillion by 2020. Accounting for wealth hidden in offshore accounts, they are projected to have over $100 trillion in total within the next decade.

Most people cannot even comprehend how much $1 trillion is, let alone $46 trillion. One trillion is equal to 1000 billion, or $1,000,000,000,000. To put it in perspective, last year the entire cost of feeding all 40 million Americans on food stamps was $65 billion.

Now consider, according to the latest IRS data, only 0.076% of the population, less than one-tenth of one percent, earned over $1 million in 2009.

The graph below, based on data from the Tax Policy Center, shows how much income is earned by a household at any given percentile in income distribution:

The highest bracket for annual income is $50 million or more. Only 74 Americans are in this elite group. The average income within this category was $91.2 million in 2008. As astonishing as that is, in 2009 they averaged $518.8 million each, or about $10 million per week. This means, in the depths of the recession, the richest 74 Americans increased their income by more than 5 times within this one year. These 74 people made more money than 19 million workers combined.

In context, overall, the richest 400 people in the US have as much wealth as 154 million Americans combined, that’s 50% of the entire country. The top economic 1% of the US population now has a record 40% of all wealth, and have more wealth than 90% of the population combined.

VI :: Who Rules America? Revealing The Economic Top 0.1%

Here is an analysis from an investment manager with mega-wealthy clients breaking down the economic top 0.5% of the population, recently published by William Domhoff, sociology professor and author of Who Rules America?:

“Unlike those in the lower half of the top 1%, those in the top half and, particularly, top 0.1%, can often borrow for almost nothing, keep profits and production overseas, hold personal assets in tax havens, ride out down markets and economies, and influence legislation in the US. They have access to the very best in accounting firms, tax and other attorneys, numerous consultants, private wealth managers, a network of other wealthy and powerful friends, lucrative business opportunities, and many other benefits.

Folks in the top 0.1% come from many backgrounds but it’s infrequent to meet one whose wealth wasn’t acquired through direct or indirect participation in the financial and banking industries…. Most of the serious economic damage the US is struggling with today was done by the top 0.1% and they benefited greatly from it…. For example, in Q1 of 2011, America’s top corporations reported 31% profit growth and a 31% reduction in taxes, the latter due to profit outsourcing to low tax rate countries…. The year 2010 was a record year for compensation on Wall Street, while corporate CEO compensation rose by over 30%.…

In 2010 a dozen major companies, including GE, Verizon, Boeing, Wells Fargo, and Fed Ex paid US tax rates between -0.7% and -9.2%. Production, employment, profits, and taxes have all been outsourced….

I could go on and on, but the bottom line is this: A highly complex and largely discrete set of laws and exemptions from laws has been put in place by those in the uppermost reaches of the US financial system. It allows them to protect and increase their wealth and significantly affect the US political and legislative processes.

They have real power and real wealth. Ordinary citizens in the bottom 99.9% are largely not aware of these systems, do not understand how they work, are unlikely to participate in them, and have little likelihood of entering the top 0.5%, much less the top 0.1%….

… the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping for better and prevents social and political instability. The odds of getting into that top 0.5% are very slim and the door is kept firmly shut by those within it.”

To get into the top economic 0.01% (one-hundredth of one percent) of the population, you have to have a household income of over $27 million per year.

If you look at some of the central players who caused this economic crisis, you will see that they are among this Economic Elite group.

Former Goldman Sachs CEO and Bush Treasury Secretary Hank Paulson had already amassed at least $700 million prior to moving to the US Treasury in 2006. Current Goldman Sachs CEO Lloyd Blankfein and a few other top executives at Goldman Sachs just received $111.3 million in bonuses. Blankfein just took home $24.3 million, as part of a $67.9 million bonus he was awarded. Goldman’s President Gary Cohn took home $24 million, as part of a $66.9 million bonus he was awarded. Goldman’s CFO David Viniar and former co-president Jon Winkelried both took home over $20 million in bonuses.

Citigroup CEO Vikram Pandit just took home $80 million, in what may eventually total more than $200 million in compensation and bonuses. Coming in at the top of the list is JP Morgan Chase CEO Jamie Dimon, who just took home $90 million.

If you think people in this income level don’t control the US political process, you are not paying attention. After they caused this economic crisis, they got the government to give them trillions of dollars in taxpayer support, and then, after taking our tax dollars, they gave themselves all-time record-breaking bonuses. 2009 was an all-time record-breaking year for Wall Street executives bringing in a total of $145 billion. And then, in 2010, they raised the bar even higher, breaking the all-time record set the year before by pulling in another $149 billion. The audacity of it all is stunning.

Finding people more grotesquely greedy than Wall Street executives would seem to be impossible. However, health insurance CEOs are giving them a run for their money. As the LA Times reported:

“Leaders of Cigna, Humana, UnitedHealth, WellPoint and Aetna received nearly $200 million in compensation in 2009, according to a report, while the companies sought rate increases as high as 39%….

H. Edward Hanway, former chief executive of Philadelphia-based Cigna, topped the list of high-paid executives, thanks to a retirement package worth $110.9 million. Cigna paid Hanway and his successor, David Cordani, a total of $136.3 million last year….

Ron Williams, the CEO of Hartford, Conn.-based Aetna Inc., earned nearly $18.2 million in total compensation, down from $24.4 million in 2008.”

Aetna CEO Ron Williams has recovered from his down year in 2009 by making $72 million in 2010.

Given this level of obscene profiteering within the health care industry, it is not surprising that Americans pay more for medical care than any other nation in the world. In fact, Americans are forced to pay twice as much as most nations, and get lower quality care in return. As health insurance companies admitted, they have been reaping windfall profits because people with health insurance plans still cannot afford to go to the doctors and have stopped going unless it is an absolute emergency. With well over 50 million people unable to afford health insurance and the skyrocketing costs, it is not surprising that over 60% of all personal bankruptcies are the result of medical bills. In fact, 75% of the medical bankruptcies filed are from people who have health insurance.

Within this Economic Elite group, you also have the war profiteering oil companies, which themselves are in large part owned by the big Wall Street banks. The biggest five oil companies, while gas prices have been skyrocketing, reaped $36 billion in profit last quarter. These companies also receive an average of $6 billion per year in tax subsidies.

VII :: Tax Breaks For The Rich, Budget Cuts For The Rest Of Us

To further demonstrate how the mega-wealthy have seized control our political process, consider that the richest 400 Americans paid 30% of their income in taxes in 1995, but they now pay only 18%.

In fact, 1,470 Americans earned over $1 million in 2009 and didn’t pay any taxes.

The average tax rate for millionaires was 22.4% in 2009, down from 30.4% in 1995. The average millionaire saves $136,000 a year due to reduced tax rates.

Looking at the tax rate from a long-term perspective, the amount of money the richest people and most profitable corporations pay in taxes has fallen dramatically since 1955. Corporate tax accounted for 27.3% of federal revenue in 1955. In 2010, corporate tax accounted for only 8.9% of federal revenue. Corporate taxes accounted for 4.3% of overall GDP in 1955, in 2010 they accounted for only 1.3%.

Part Three :: The Perfect Storm Overhead:
(Inequality = Debt = Austerity = Civil Unrest = Inflation + Deflation = Stagflation)

The cuts in taxes for the mega-wealthy have led to record wealth inequality and resulted in a record national deficit. Meanwhile, to make up for the deficit that the richest one-tenth of one percent of the population has created, Democrats and Republicans are committed to making draconian budget cuts to vital social services, which target the poor, middle class, elderly and sick, while handing out billions more in corporate welfare annually. (Inequality = Debt = Austerity)

Just as the government has done, to make up for tax revenue lost to the mega-wealthy, Americans have made up for the decline in income by taking on large amounts of debt as well. (Inequality = Debt)

In a severely unequal society, massive debt will always be created, thus forming a vicious cycle of increasing inequality and increasing debt, until the fragmentation of society reaches a breaking point when those in debt cannot afford to pay back their debts without starving to death. We are now reaching that breaking point. (Inequality = Debt = Austerity = Civil Unrest)

VIII :: Debt Slavery

The Indentured Servant Has Become The Indebted Citizen

As for statistics on Americans being buried in financial debt, the indentured servant has evolved into the indebted citizen. As mentioned before, from 1990 – 2010 costs of living have increased 67%, while wages have stagnated and declined. As the national debt has reached a record $14.6 trillion, total personal debt is now over $16 trillion. Consumer debt is $2.5 trillion. Credit card debt is $805 billion and student debt now exceeds $1 trillion.

Obviously, the more severe your debts are, the more you have to cut back in spending and the less money you have to buy new items. (Debt = Austerity)

Meanwhile, a perfect storm circles overhead as society breaks down and falls into an economic death spiral – health care, food and gas costs are skyrocketing, while income and home values are plummeting. (Inflation + Deflation = Stagflation)

Given these conditions, it is not surprising that over 250 million Americans, another record-breaking number, are currently living paycheck-to-paycheck struggling to make ends meet.

IX :: Inflation

The following charts, from Advisor Perspectives, show the increase in costs of living since 2000:

As you can see, the price of basic necessities are consistently increasing, only clothing (apparel) has declined. The second chart highlights the crucial skyrocketing cost of energy:

The third chart highlights the pernicious skyrocketing cost of education:

The cost of education essentially buries a young person in a debt that they will spend a significant portion of their life attempting to get out of. Given the increasing costs of living, and the decreasing ability to make an expected income from such an expensive level of education, this young demographic will most likely live an entire life locked into spiraling levels of debt that they will never be able to get out of.

Propaganda Inflation

When reporting on inflation, the Bureau of Labor Statistics has twice, since 1980, revised their methodology to mask the severity of inflation, similar to how they mask the severity of unemployment. In their Consumer Price Index (CPI), which measures inflation, they have heavily discounted the measurement weight of energy, food and education – three of the most significant costs for most American households.

To understand the significance in their revised methodology, current “official” CPI is at a 3.6% annual rate. However, if calculated the way it was before former Federal Reserve Chairman Alan Greenspan altered it in 1980, it would be 11.1%, three times worse than officially stated.

So while the government and the Federal Reserve claim that inflation is low, at 3.6% over the past year, food prices have increased 39% and US gas prices have increased 34% over the same time frame.

The increase in gas cost over the past one-year masks the severity of total gas price inflation, which is currently 125% more expensive since December 2008, increasing from $1.67 per gallon to $3.75.

The Hidden Tax

The Federal Reserve’s strategic policy known as Quantitative Easing (QE) has been a significant factor in the rising cost of basic necessities by deliberately stimulating inflation, while decreasing the value of the dollar. Looking at their recent QE2 program, the dollar lost 7.5% of its value from January 2010 through March 2010. From August 2010 through March 2011, the dollar lost 17% of its value. To understand how this acts as a hidden tax, consider if you had $10,000 in the bank, over this time frame you would have lost $1700 in purchasing power. So your $10,000 would now be worth $8300. At the same time, the cost of gas and food drastically increased.

The Phantom Recovery

By decreasing the value of the dollar, the Federal Reserve is also inflating the stock market by creating the impression that stock prices are rising, which, when measured in dollars, they have. However, in real terms, their overall value has decreased. To understand how deceptive this strategy has been in giving the appearance of a rising market, instead of measuring overall stock value in dollars, let’s look at their overall value when measured in terms of gold:

Dow/Gold Chart from January 1, 2003 – August 8, 2011

As investor Michael Krieger explains:

“You can see from the chart above the downtrend of stock prices in real terms is completely intact and they have now hit a new low, below the previous low point in March 2009. In fact, although stocks did temporarily rise in real terms from the low in 2009 for the year as a whole, they were still down 5% in real terms. Then last year, stocks were 14% lower in terms of gold. Finally, despite a brief rally early in 2011, stocks in terms of gold are down 23% year-to-date.”

Dollar Vs. Gold

When comparing the value of the dollar to the value of gold, the dollar has lost a stunning 84% of its value since 2000. In 2000, gold was worth $279 per ounce, as of August 8, 2011, gold is $1,725 per ounce. In fact, the dollar continues to fall in value while gold continues to rise.

Stagflation

All these factors together create a perfect storm of stagflation. As 90% of Americans experience income declines, and the value of the dollar declines, the price of necessities are rising, while the one major asset many Americans have, a house, is also declining in value. Already, thanks to declining home values, 28% of US homeowners owe more on their mortgages than their home is currently worth. With 10.4 million American families having lost their homes to foreclosure since 2007, Amherst Securities, a leading broker/dealer focused on mortgage-related investments, estimates that another 10.8 million homes are at risk of default over the next six years. This will obviously continue downward pressure on home values.

X :: The Beaten Masses

Confronted With Severe Financial Hardship, Why Do Americans Remain Passive?

With an unprecedented sum of wealth, tens of trillions of dollars, held within the top one-tenth of one percent of the US population, we now have the highest and most severe inequality of wealth in US history. Not even the Robber Barons of the Gilded Age were as greedy as the modern day Economic Elite.

As famed American philosopher John Dewey once said, “There is no such thing as the liberty or effective power of an individual, group, or class, except in relation to the liberties, the effective powers, of other individuals, groups or classes.”

In The Economic Elite Vs. The People, I reported on the strategic withholding of wealth from 99% of the US population over the past generation. Since the mid-1970s, worker production and wealth creation has exploded. As the statistics throughout this report prove, the dramatic increase in wealth has been almost entirely absorbed by the economic top one-tenth of one percent of the population, with most of it going to the top one-hundredth of one percent.

If you are wondering why a critical mass of people desperately struggling to make ends meet are still not fighting back with overwhelming force and running the mega-wealthy aristocrats out of town, let’s consider two significant factors:

1) People are so busy trying to maintain their current standard of living that their energies are consumed by holding on to the little that they have left.

2) People have very little understanding of how much wealth has been consolidated within the top economic one-tenth of one percent.

Considering the first factor, it is obvious that people have become beaten down psychologically and financially. A report in the Guardian entitled, “Anxiety keeps the super-rich safe from middle-class rage,” suggests that people are so desperate to hold on to what they have that they are too busy looking down to look up: “As psychologists will tell you, fear of loss is more powerful than the prospect of gain. The struggling middle classes look down more anxiously than they look up, particularly in recession and sluggish recovery.”

Considering the second factor, people do not understand how much wealth has been withheld from them. The average person has never personally experienced or seen the excessive wealth and luxury that the mega-rich live in. Wealth inequality has grown so extreme and the wealthy have become so far removed from average society, it is as if the rich exist in some outer stratosphere beyond the comprehension of the average person. As the Guardian report mentioned above also states:

“… having little daily contact with the rich and little knowledge of how they lived, they simply didn’t think about inequality much, or regard the wealthy as direct competitors for resources. As the sociologist Garry Runciman observed: ‘Envy is a difficult emotion to sustain across a broad social distance.’… Even now most underestimate the rewards of bankers and executives. Top pay has reached such levels that, rather like interstellar distances, what the figures mean is hard to grasp.”

In fact, the average American vastly underestimates the severe wealth disparity that we currently have. This survey, featured in the NY Times, reveals that Americans think our society is far more equal than it actually is:

“In a recent survey of Americans, my colleague Dan Ariely and I found that Americans drastically underestimated the level of wealth inequality in the United States. While recent data indicates that the richest 20 percent of Americans own 84 percent of all wealth, people estimated that this group owned just 59 percent – believing that total wealth in this country is far more evenly divided among poorer Americans.

What’s more, when we asked them how they thought wealth should be distributed, they told us they wanted an even more equitable distribution, with the richest 20 percent owning just 32 percent of the wealth. This was true of Democrats and Republicans, rich and poor – all groups we surveyed approved of some inequality, but their ideal was far more equal than the current level.”

Here is a chart showing the results from their survey:

The fact of the matter is that the overwhelming majority of US population is unaware of the vast wealth at hand. An entire generation of unprecedented wealth creation has been concealed from 99% of the population for over 35 years. Having never personally experienced or known of this wealth, the average American cannot comprehend what is possible if even a fraction of it was used for the betterment of society as a whole.

In fact, given modern technology and wealth, not a single American citizen should live in poverty. The statistics clearly demonstrate that we now live in a Neo-Feudal society. In comparison to the wealthiest one-tenth of one percent of the population, who are sitting on top of tens of trillions of dollars in wealth, we are modern day serfs, essentially propagandized peasants.

The fact that the overwhelming majority of Americans are struggling to get by, while tens of trillions of dollars are consolidated within a small fraction of the population, is a crime against humanity.

The day the average American fully comprehends how much wealth is consolidated within just the top one-tenth of one percent of the population, there will be a massive uprising and all the paid off politicians will be run out of town.

The next time you are stressed out, struggling to make ends meet and pay off your debts, just think about the trillions of dollars sitting in the obscenely bloated pockets of one-tenth of one percent of the population. The first step in overcoming your peasant status is to understand that you are indeed a peasant. This is a bitter pill to swallow and most will prefer to, as they have been conditioned to do, continue on their path of media-induced delusion, denial, apathy and ignorance.

However, I still cling to the hope that once enough people become aware of this hidden and obscured fact, we can have the non-violent revolution we so urgently need. Until then, the rich get richer as a critical mass with increasingly dire economic prospects desperately struggles to make ends meet.

Part Four :: Fascism in America

Other than driving large segments of the American population into poverty, and pushing the majority into massive debt and a state of financial desperation, there is an ever darker side to what is unfolding today. The Economic Elite have turned America into a modern day fascist state.

Fascism is a very powerful word which evokes many strong feelings. People may think that the term cannot be applied to modern day America. However, as Benito Mussolini once summed it up: “Fascism should more properly be called corporatism, since it is the merger of state and corporate power.” In the early 1900s, the Italians who invented the term fascism also described it as “estato corporativo,” meaning: the corporate state.

Very few Americans would argue the fact that corporations now control our government and have the dominant role in our society. Through a system of legalized bribery – campaign finance, lobbying and the revolving door between Washington and corporations – the most power global corporations dominant the legislative and political process like never before. Senator Huey Long had it right when he warned: “When fascism comes to America, it will come in the form of democracy.”

As President Franklin D. Roosevelt once described fascism: “The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it comes strong than their democratic state itself. That, in its essence, is fascism — ownership of government by an individual, by a group, or any controlling private power.”

The most blatant modern example of this was the bailout of Wall Street, when the “too big to fail” banks got politicians to promptly hand out trillions of tax dollars in support and subsidies to the very people who caused the crisis, without any of them being held accountable.

XI :: Modern Day Slavery

Another shocking example of how far we have descended into fascism is the American Legislative Exchange Council (ALEC), which is a group of corporate executives who literally write government legislation. They have gone as far as setting up a system that imprisons the poor and then puts them to work, instead of paying living wages to non-imprisoned workers. Make no mistake, this is a modern day system of slavery unfolding before our eyes.

At the leadership of ALEC and various other Economic Elite organizations, poverty has essentially become a crime. To demonstrate these attacks against the poor, there was $17 billion cut from public housing programs, while there was an increase of $19 billion in programs for building prisons, “effectively making the construction of prisons the nation’s main housing program for the poor.” Before laws began to be rewritten in 1980, with direct input from ALEC, we had a prison population of 500,000 citizens. After laws were rewritten to target poor inner city citizens with much more severe penalties, the US prison population skyrocketed to 2.4 million people.

We now have the largest prison population in the world. With only 4% of the world’s population, we have 25% of the world’s prison population. As I reported previously, in a report entitled, “American Gulag: World’s Largest Prison Complex“:

“The US, by far, has more of its citizens in prison than any other nation on earth. China, with a billion citizens, doesn’t imprison as many people as the US, with only 308 million American citizens. The US per capita statistics are 700 per 100,000 citizens. In comparison, China has 110 per 100,000. In the Middle East, the repressive regime in Saudi Arabia imprisons 45 per 100,000. US per capita levels are equivalent to the darkest days of the Soviet Gulag.”

XII :: The Death Toll

The dramatic increase in poverty has obviously torn many families apart and caused a devastating psychological toll, but consider the increase in deaths as a result of poverty and severe wealth inequalities. This is a very difficult statistic to accurately measure, but Columbia University’s School of Public Health conducted an intensive examination of mortality and medical data and estimated that “875,000 deaths in the US in 2000 could be attributed to a cluster of social factors bound up with poverty and income inequality.”

As a report by Debra Watson sums up the study, “There is no reason to believe, after a decade that has seen sustained attacks on social programs and consistently high unemployment rates, that the social mortality rate has declined. On the contrary, it has likely risen.” Indeed, poverty and income inequality have skyrocketed since 2000.

Now, let’s consider the fact that, according to the Census Bureau, 31.1 million people lived in poverty in 2000, and according to Columbia’s study 875,000 deaths came as a result. This means that 1 out of every 35.5 people living in poverty die annually as a result of their impoverishment. If you extrapolate this data to the 2009 total of 52.8 million people living in poverty, you get an estimate of 1,486,338 deaths within that year. Even if you use the lower poverty totals from the Census Bureau, 43.6 million people, you get an estimate of 1,228,169 deaths in 2009.

XIII :: Deliberate Systemic Attacks

The dramatic increase in economic inequality and poverty, along with the unprecedented rise in wealth within the top one-tenth of one percent of the population has not happened by mistake. It is the designed result of deliberate governmental and economic policy. It is the result of the richest people in the world, and the “too big to fail” banks, using the campaign finance and lobbying system to buy off politicians who implement policies designed to exploit 99.9% of the population for their financial gain. To call what is happening a “financial terrorist attack” on the United States, is not using hyperbole, it is the technical term for what is currently occurring.

Compare the million people who die annually as a result of these economic attacks, to the 2,977 that died on 9/11. As someone who lived three blocks from the World Trade Center, as tragic as 9/11 was, these economic attacks are much more severe and damaging to us as a nation, albeit a much slower and unseen death toll. Nonetheless, the result is of genocidal proportions. One can statistically compare the economic attacks on the US to the invasion of Iraq, which some estimate as leading to one million deaths. Once again, many of those deaths came in brutal and spectacular fashion in bombing campaigns known as “shock and awe.” However, the death toll compares to the hidden brutality of a four-year campaign of economic “shock and awe.” Just as Iraq was invaded, the US has been invaded by a global banking cartel.

As shocking as that is to realize, consider that this is happening throughout the world. While the US poverty death rate is probably higher than in most European countries, the Federal Reserve’s economic policies — along with policies from the International Monetary Fund, World Bank and Bank of International Settlements — have caused rioting and uprisings over skyrocketing food prices and costs of living throughout the world. The fact of the matter, and very harsh and unfortunate reality of this crisis, is that the global economic central planners are deliberately carrying out genocidal economic policies.

As Che Guevara, a man who took on the global financial elite, once said, “The amount of poverty and suffering required for the emergence of a Rockefeller, and the amount of depravity that the accumulation of a fortune of such magnitude entails, are left out of the picture, and it is not always possible to make the people in general see this.”

When tens of trillions of dollars deliberately flow to the top economic one-tenth of one percent of the global population, while large percentages live in poverty, you have to conclude, in technical terms, that a Neo-Feudal-Fascist state is upon us. The rich have never been richer, while their paid off politicians make budget cuts for the poor and middle class, and cause the cost of basic necessities to skyrocket.

You can call me extreme, but the reality of this is extreme, these people, the global economic top one-tenth of one percent, are genocidal fascists carrying out a holocaust. Fascism has evolved. There is no need to get blood on your hands while rounding up people and putting them into concentration camps when you can do it through economic policy while sitting in a jacuzzi on a corporate jet, or in a three-piece custom-made Armani, completely detached and insulated from the world in which you plunder.

However, as what happens with all empires, greed and arrogance makes them overreach. The beaten down masses get to a point where they literally can’t live under these conditions. This desperation spreads throughout the population until it reaches a critical mass, then, suddenly, they rise up and the empire begins to collapse… Tunisia, Algeria, Egypt, Israel, (Northern Africa, the Middle East), Albania, Greece, Spain, Britain (Europe), Wisconsin…

The Economic Elite are overreaching and their empire is collapsing.

The decentralized global rebellion has begun…

Welcome to World War III.

Which side of history do you want to be on?

As a wise old friend once said, “You can’t be neutral on a moving train.”


- David DeGraw is the founder and editor of AmpedStatus.com. His long-awaited book, The Road Through 2012: Revolution or World War III, will finally be released on September 28th. He can be emailed at David[@]AmpedStatus.com. You can follow David’s reporting daily on his new personal website: DavidDeGraw.org


~ We are fighting to remain 100% independent, completely free from partisan influence. If you respect our work, please donate to support our efforts here.

Post to Twitter Post to Facebook Post to Reddit Post to Digg Post to StumbleUpon

Email This Email This - Print This Print This


Facebook Comments:

130 Responses - Place Your Comment:

    Previous Comments:

  1. Kent Welton said:

    All due to forced “free trade” with the greater slave and debt-money from a private central bank feeding its own owners and manipulators.
    The fascism and depression arising from corporate control of “our” economy is now evident… a result of what I call an extreme “factor imbalance” between the power of labor and capital.
    Kent Welton,
    TheCenterForBalance.org
    PublicCentralBank.com

  2. How to Rule: (in this case, a nation)

    1. Keep the overwhelming majority of the population focused on carefully-crafted delusions;

    2. feed the population, constantly and consistently, outright lies and complete fabrications, all whilst totally convincing population, through any form of trickery, convince population to believe things that are simply NOT TRUE; LIES.

    3. Use so-called buzz words (such as “God,” “Guns”), while simultaneously using fear tactics (“communism,” “fascism”) in order to prop up or legitimize all conspired-confabulations;

    4. No matter what, ADAMANTLY DENY ANY AND ALL FACTS; CONVINCE people that each of their now-strenuously-held “beliefs” (which actually, in reality, are delusions) convince them that their beliefs are TRUE, RIGHT, RATIONAL and WORTH FIGHTING FOR;

    5. Blatantly pit separate groups of people against each other, heavily using all media, in order to keep each group insanely confused and belligerent with increasingly irrational fear, as they become more and more preoccupied with their delusions and self-righteousness;

    6. Feed the fire: instill hugely inflated sense of rightness (self-righteousness) through wholly-manufactured “evidence;” this particularly useful form of trickery, by the way, is often found disguised as religion in which any one will do;

    7. Merely repeat the words “GOD,” “GUNS,” etc. etc.

    And, with that, the robber barons have their whole voting base: an utterly deluded and totally brainwashed population, busily fighting tooth and nail directly against themselves and against their own self-interests, liberally fed with deliberate and outright lies and wildly inflammatory rhetoric.

    The good news, however, is that TRANSPARENT OPPRESSION is NEVER FOREVER. NOT ANYWHERE IN THE WORLD…Even here in “FREEDOM-LOVING,” “GOD-FEARING,” [WAR-MONGERING, GUN-TOTING] AMERICA…

    SUBVERT NOW!!!!!!!!

    Christina Marlowe

  3. Abaddon said:

    An impressive and acceptable explanation of how the greatest robbery of the once richest nation on earth has taken place. The easiest way to rob a bank, a country, or a world, is to own it, and we know who has all the money. As the proverb says, “A lover of gold will not be satisfied with gold, neither a lover of silver with silver.” Their avarice knows no bounds, and like all those whose greed has become an obsession, they destroy all about them. Greed, one of the “deadly” sins has layed the foundation for a global catastrophy that is already in motion, and will consume all before it, including those who set in motion this avaricious Apocalypse.

  4. [...] from AmpedStatus. Analysis of Financial Terrorism in America By David DeGraw, AmpedStatus Report Abstract :: Welcome [...]

  5. Frank said:

    Now go back and reread the Protocals of Zion. Fits doesn’t it?

  6. Terry Mock said:

    How Do We Develop a Sustainable Civilization?

    In what surely will be noted as one of the most remarkable stretches in history, we have had a collapse in the housing market, which triggered a meltdown in our financial systems, which has now created crisis in economies around the world — all in short order. With all these financial woes weighing on investor confidence, I couldn’t help thinking of what President Thomas Jefferson said in 1802:

    “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”

    Sustainable Land Development Initiative
    http://www.triplepundit.com/wp-content/uploads/2011/02/THE-FRACTAL-FRONTIER.pdf

  7. [...] via EXCLUSIVE: Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million Pe…. [...]

  8. R.Ross said:

    I have been trying to share info to friends and family to help them “WAKE THE F UP”! This article, and your book when available… will be widly shared.

    Now – What do average American do about our bought and sold congress critters? The system is broken, they want it broken to install yet their final puppet. Class war kills.

  9. JACKIE TWOSTICKS said:

    Like SF Chron’s Bad Reporter recently tooned: Obama never promised us that it would be “good” change…

  10. Stephanie S said:

    The media is just as culpable if not more so than the corporations and the bankers! I would like to see the yearly salary and bonuses of every “talking head” whether on cable or regular news shows printed at the bottom along with their name. They are not “like us” they just play folks like us on tv. The over-made-up twinkies who comment on the news are making millions to share their woefully ignorant “opinions” and the worse are the homely but skillfully made up and surgically enhanced newschicks like Jessica Yellin or Alison Kosick who wouldn’t know a historical perspective if it walked up and hit them in the face…getting invited to the “in” social events in D.C. or New York or to a weekend in the Hamptons is no doubt much more of a priority than doing their jobs as so-called journalists.

  11. In April of 2007 I wrote an essay entitled “The Obscenity of the Free Market”.

    It was provoked by my rage at the genocidal exploitation, oppression and deliberately cruel and inhumanly rapacious assault upon Earth and Life itself by a small group of genuinely evil individuals.

    In their pathological lust for wealth, power and supremacy over all, they seem to actually revel in the awareness of their loathsome and inhuman actions; to take some perverted pride in the pain, suffering and death they cause.

    Now, as I read this nearly perfect, analytical confirmation of my worst fears, I hear echoes of my own words from that composition.

    Mr. DeGraw, their empire will ultimately collapse, it’s true. But how many millions more will die, crushed beneath the ruins?

  12. PAUL LEO FASO said:

    Good picture of evil at work.

    To remedy this situation, follow the instructions found here;

    http://www.zerohedge.com/print/365866

  13. Zoltan Csemege said:

    Crimes of Democracy versus Crimes of Communism, By Karol Ondrias

    The book presents data (112 graphs) from the real experiment of socialism versus capitalism in Slovakia, the former socialist countries and in the world. From the data it presents evidence of the crimes of democracy, which are several times higher than the crimes of communism. It discusses the rules of global capitalistic democracy leading to high inequality, modern democratic serfdom and the crimes of democracy, which are based on the rules of the capitalistic democracy coupled with unlimited private property.

    It describes the costs of the transition from socialism to capitalism, from “totalitarianism” to democracy across the whole region, highlights the dramatic and widespread deterioration of human rights and security, where democracy is killing people several times more efficiently than Stalin’s execution guards. It presents evidence of the astonishing power of recent totalitarian neo-liberal capitalistic democracy. It presents evidence that policies of some democratically elected governments produced significantly more criminal military interventions, significantly more innocent deaths and committed more severe crimes against humanity than totalitarian communism. That it is not possible, under the recent democratic rules, to punish democratically elected governments for well-known crimes against humanity and violation of international law.

    Democracy in the capitalistic system cannot work and is not working properly because the recent democracy is based on unlimited private property. The freedom of expression is incompatible with unlimited private property. Capitalistic democracy means that the owners of the unlimited property have power to govern through the democratically elected representatives over democracy.
    http://www.trafford.com/Bookstore/BookDetail.aspx?BookId=SKU-000166108

  14. Zoltan Csemege said:

    The following are 39 things that are driving ordinary Americans absolutely crazy right now….

    #1 According to Newsweek, close to one out of every five American men between the ages of 25 and 54 does not have a job at the moment. So why is the “greatest economy on earth” unable to provide jobs for nearly 20 percent of the men that are in their prime working years?

    #2 Last year, over a million homes were repossessed by financial institutions. This year a similar number of repossessions is expected. Sometimes these evictions are absolutely heartbreaking. Just check out the following excerpt from a recent Newsweek article….
    Continue read@
    http://theeconomiccollapseblog.com/archives/madness-39-things-that-are-driving-ordinary-americans-absolutely-crazy/comment-page-2#comment-63099

  15. [...] This powerful, data-heavy paper comes off pretty bombastic, and I admit I’ve only given it a cursory read, but I’ve [...]

  16. Nancy Hoppe said:

    There may be some truth in what you are saying but it could very easily hurt the chance of the Democratic party reelecting a Democratic president..leaving us to the wolves with the tea party. not rational or helpful at this time. Self-centered and unacceptable. N H

  17. Derryl Hermanutz said:

    In her heart she boasts, “I sit as queen…and I will never mourn.”

    Quoting the whore of Babylon from chapter 18 in the book of Revelation, just before she is utterly anihilated, and everyone who depends on her system of wealth goes down with her.

  18. Jason said:

    It seems as though the shepards of this flock have created the “illusion of inclusion” for the masses when really the picture hides this fascist state. And however numerous the amounts of people like us are the shepards have still made us ineffective because we are not known of one another in society. Making us lose our freedom of speech, almost our thoughts and making us alone in our aspirations to spread the truth.

  19. [...] The following post is an adapted excerpt from David DeGraw’s groundbreaking extensive new report on the financial destruction of the United States. The full report can be read here: Analysis of Financial Terrorism in America. [...]

  20. Marie Ravencrow said:

    Obama told people what they wanted to hear and nothing more. The fight between leftist and rightists is a smokescreen. All politicians are beholden to their Korporate Sponsors.

    We need to spread the education of what is really going on and break through the blinders that people continue to wear.

    There are a heckuva lot more of us, than there are of them. If people came to realize how critical things are, and stood together with the rest of us, imagine what we could accomplish, money or no.

  21. [...] Based on an article by David DeGraw, Amped Status and DeGraw’s new report on the financial destruction of the United States. The full report can be read here: Analysis of Financial Terrorism in America. [...]

  22. debra perez said:

    I can only hope that everyone can find the truth before it is too late.time to prepare for what is coming.everyone should have enough food and water and at least one good gun.

  23. [...] See: EXCLUSIVE: Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million Pe… [...]

  24. [...] has just posted an very lengthy article full of shocking economic statistics every American should be made aware of but fear may not because it is a rather long [...]

  25. [...] The following is an adapted excerpt from David DeGraw’s new report on the financial destruction of the United States. The full report can be read here: Analysis of Financial Terrorism in America. [...]

  26. [...] EXCLUSIVE: Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually – ampeds… [...]

  27. Truth Fairy said:

    Dear David,

    Be wary of generalizations. The unemployment rate during the 1929 Depression was up around 23.4 or 23.6 according to historical records. I have no idea what unemployment was in the Weimar Republic, but we know that unemployment in Spain, Greece and other EU countries is horrifyingly high. In some of them, among youth, the current rate is about 40 percent.

    Beyond any doubt, the world has been trashed by trust fund babies indifferent to the plight of the rest of us. We need to begin taking it back with resolute action. The October2011.org/com group is trying to arrange a protest in Washington much like that in Egypt. I hope that it won’t take the complete collapse of everything to change things.

    Truth Fairy

  28. [...] This post was Twitted by TheSquaredR [...]

  29. Emil Möller said:

    thank this elite for feeding the lower levels of consciousness of the masses

    for they have have, willing nilly, steered ‘us’ (incl themselves) towards a now rapidly approaching tipping point

    after which we will start living on a higher level of consciousness (see Barbara Marx Hubbard, Amit Goswami, cs) and rise to the occasion

    or perish (see Jared Daimond’s ‘Collapse’)

  30. Captain Nemo said:

    Interesting and very depressing too One question tho Why at hte top of this page do you have an advert which says; “If you have an investment portfolio worth 500,000 pounds etc…” I got a feeling of somewhat surreality here I mean, how many people who are that wealthy read stuff like thgis?? And why, given the thrust of this piece do you allow stuff like that to head your page? It just seems a bit weird to me Otherwise ye, you got it right we are being raped and the people are hardly better than slaves any more As for democracy here in the UK well what democracy is that there is none only the illusion of such to keep the sheep content, or at least for those in power to be able to claim they have some kind of mandate from the rest of us Does nothing ever shangs Tip of the hat to you and keep up the good work

  31. wayne said:

    The article is very enlightening and illuminates the depradations of the financial and corporate elite. What I find most perplexing in the comments are the idiots who stay fixated on “the tea party”, “guns”, “God”, that they are “enemy” terms, equating them with the 0.1% about whom the article is written. “Rupert Murdoch” is also a favorite. Why don’t you intellectual zombies who are so transfixed on socialist models understand that it is not the upper ONE PERCENT? It is not the upper 5%. It’s the upper ZERO POINT ONE PERCENT (0.1%)!!The upper 5% make a hell of a lot less than the upper 0.1%. These guys are the wage earners who live up the street from the lower wage earner in a nicer house and may (or at least, USED to) drive a nicer car. But you socialist types are so blinded by envy you’ll lump them in with these predators described by the article. Vote Democrat so this will end? Idiots. Look at who contributes to the Democrat and Republican parties. Same guys. Goldman Sachs? Their financial tentacles are suffocating the life out of the financial system. Where was Paulson from? Geithner? Bernanke?oh, yeah, HE has your interests at heart.And how about Immelt, being appointed by the “hope and change” Pres to study how to increase jobs in the US, as he screws us by exporting GE jobs and his giant corp pays no tax? Ever wonder why electronic medical records in doctors’ offices is being mandated? GE makes the software and stands to reap billions from the GOVERNMENT mandate. But you cornballs are ready to march up the street and torch some doctor’s or small business owner’s house because you see them as the enemy. You think the “tea partiers” are in that upper 0.1%? Numbskulls. We’re just middle class wage earners who look at you “revolutionaries” as just a big a threat to our survival as those top 0.1% who are screwing us over. You blind idiots. You don’t even see that this financial elite 0.1%, which includes their government lackeys Obama, Bush, Kerry,Biden (OMG!), Cheney, all stay out of the limelight by pitting the lower class (generally minimal analytic thinkers) against the middle class (educated wage earners or self-employed) and collect the dividends of their manipulative abilities as the two classes rail against each other. You a__holes think “guns” and “God” are keywords for the elite??? They are keywords of people who see you nonfunctional zombies who fall for the elite’s propaganda and want to march up the street to “take what is yours”. Guess what numbnuts. We upper middle class don’t have anything either. You think the financial elite carry guns? Get a brain. They own the government. And they are just as eager to use their BIG guns on you as they are on any foreign country with a two bit dictator and oil assets in the ground and financial assets in their banks (think Libya. Ya wonder why we are there? First thing our country did was confiscate Libya’s bank accounts in the US). But you are destined to do what you did in the 1790′s in France. Just destroy everything. The real rich elite get out of town because they see you coming. And they take their money with them. The upper middle class, against whom you continually throw invective, are too poor to leave and end up getting their heads chopped off by you ignoramuses when you invade our home and can’t find all that money your leaders have been saying we have.

  32. Shawn said:

    This should be required reading for EVERY American eligible to vote.

  33. Heather Rozzo said:

    The only way to take their power away is a movement to local… grow local… build local… manufacture local… and go small and buy local… stop buying all their crap…

  34. Ven Baxter said:

    Excellent, excellent report. Spread it, folks! Click on the Facebook button at the top of the page to share it on your Wall. This info really DOES need to get out to the general public.

    And if you’d like to join an ongoing effort to change the political system through Facebook, join the Group “100 Million to Vote Third Party in 2012! NO Democrats or Republicans!”

  35. [...]  [1] : http://twitter.com/home/?status=EXCLUSIVE%3
    A+Analysis+of+Financial+Terrorism
    +in+America
    %3A+Over+1+…

  36. Karen Roberts said:

    We could plan the revolution on facebook. But, they would know. So what do we do?

  37. J. Croft said:

    SECOND AMERICAN REVOLUTION VICTORY GUIDE

    http://www.scribd.com/doc/51729720/
    SECOND-AMERICAN-REVOLUTION-
    VICTORY-GUIDE-2-0

    http://www.mediafire.com/file/3qu2ba4456om1y1
    /SECOND%20AMERICAN%20REVOLUTION
    %20VICTORY
    %20GUIDE%202.0.docx

  38. [...] The following is an adapted excerpt from David DeGraw’s new report on the financial destruction of the United States. The full report can be read here: Analysis of Financial Terrorism in America. [...]

  39. El Duderino said:

    Wayne hit the nail on the head. Animal Farm meets Atlas Shrugged. Crony capitalism, the end to small business, the U.S. bailing out failed People’s States (while being bailed out by another People’s State), every politician looking like the other b/c the same players are pulling all the strings.

  40. [...] The following is an adapted excerpt from David DeGraw’s new report on the financial destruction of the United States. The full report can be read here: Analysis of Financial Terrorism in America. [...]

  41. [...] reading Analysis of Financial Terrorism in America (four-part series, PDF format)Analysis of Financial Terrorism in America (HTML web [...]

  42. [...] Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million People With Z… By David DeGraw – Ampedstatus.org Despite increasing personal financial hardship, most Americans remain unaware of the economic world war currently unfolding. An all-pervasive corporate and government propaganda campaign has effectively obscured this blatant reality. After extensive analysis, it is evident that World War III is a war between the richest one-tenth of one percent of the global population and 99.9 percent of humanity. Or, as I have called it, The Economic Elite Vs. The People. This war has been a one-sided attack thus far. However, as we have seen throughout the world in recent months, the people are beginning to fight back. The following report is a statistical analysis of the systemic economic attacks against the American people. [...]

  43. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  44. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  45. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  46. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  47. [...] Article: Link Share this:TwitterFacebookLike this:LikeBe the first to like this post. This entry was posted in [...]

  48. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  49. Ids said:

    [/i]“If you are wondering why a critical mass of people desperately struggling to make ends meet are still not fighting back with overwhelming force and running the mega-wealthy aristocrats out of town, let’s consider two significant factors:”[/i]

    I’d add a third – there are still enough people out there who think they have a realistic shot at being in the top 0.01%. Why else do you think the lavish lifestyle of ‘came from nothing’ celebrities fill the tabloids?

  50. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  51. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  52. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  53. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  54. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  55. [...] to the Center on Budget and Policy Priorities, state and local governments have eliminated more than half a million jobs since August 2008.  UBS Investment Research is projecting that state and local governments in the [...]

  56. [...] to the Center on Budget and Policy Priorities, state and local governments have eliminated more than half a million jobs since August 2008.  UBS Investment Research is projecting that state and local governments in the [...]

  57. [...] to the Center on Budget and Policy Priorities, state and local governments have eliminated more than half a million jobs since August 2008.  UBS Investment Research is projecting that state and local governments in the [...]

  58. [...] Analysis of Financial Terrorism in America [...]

  59. S. Akhtar Ehtisham said:

    Very well written and comprehensive analysis.
    Pakistan is ruled by an Evil Quad-landowners, the army, bureaucrats and Mullahs.
    In the U.S. it is an Evil Quad of Capital, Corporations, the government and Clergy.

  60. [...] Here’s a clip from my latest report: Welcome to Stagflation USA! All these factors together create a perfect storm of stagflation. As 90% of Americans experience income declines, and the value of the dollar declines, the price of necessities are rising, while the one major asset many Americans have, a house, is also declining in value. Already, thanks to declining home values, 28% of US homeowners owe more on their mortgages than their home is currently worth. With 10.4 million American families having lost their homes to foreclosure since 2007, Amherst Securities, a leading broker/dealer focused on mortgage-related investments, estimates that another 10.8 million homes are at risk of default over the next six years. This will obviously continue downward pressure on home values. [read full report] [...]

  61. Len said:

    He shows a heavy bias from the begining. I don’t disagree with him, but the way he writes does not give the impression that he is approaching the topic objectively. I would like to see less effort put into convincing us that he is right, more effort put into analysing the statistics he quotes.

  62. [...] Source [...]

  63. [...] to the Center on Budget and Policy Priorities, state and local governments have eliminated more than half a million jobs since August 2008.  UBS Investment Research is projecting that state and local governments in the [...]

  64. Pips said:

    The author is the reigning king of class envy. Hero of the have nots, master of the mediocre, the sultan of deified sloth……justifier of all those who earn architect’s salaries for jobs that take 6 weeks to learn. He never mentions the holy untouchables, public and private sector unions.

  65. [...] well, i'm sure my classist attire makes me look fat Editec in fact, tey this on for size> EXCLUSIVE: Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million Pe… ~S~ __________________ Klaatu barada [...]

  66. [...] the fault of those who are subject to it The Indentured Servant Has Become The Indebted Citizen EXCLUSIVE: Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million Pe… ~S~ __________________ Klaatu barada [...]

  67. [...]  Email This –  Print This [...]

  68. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  69. [...] to the Center on Budget and Policy Priorities, state and local governments have slashed more than half a million jobs since August [...]

  70. [...] vital economic statistics to mask the severity of our economic crisis. Deceptive unemployment, GDP, inflation and poverty measures are easily exposed with some research and a closer look at the data. The [...]

  71. [...] work schedule at my current income level, I’m actually better off than many Americans. Over 46 million Americans are currently relying on food stamps to feed their family, over 50 million can’t [...]

  72. [...] 56 million Americans, 18.5% of the population, live in poverty, US millionaire households have $46 trillion in wealth, yet only one-tenth of one percent of the population makes over $1 million per [...]

  73. [...] report about the financial terrorism plaguing America.  Full details and staggering statistics about how the top .1 percent control most of the wealth [...]

  74. [...] and the Taliban.  America cannot afford this disgraceful occupation, especially when over 20% of the population is unemployed or underemployed and our infrastructure is crumbling. Bookmark [...]

  75. [...] to the Center on Budget and Policy Priorities, state and local governments have eliminated more than half a million jobs since August 2008.  UBS Investment Research is projecting that state and local governments in the [...]

  76. Meet the Global Financial Elites Controlling $46 Trillion In Wealth…

    Meet the Global Financial Elites Controlling $46 Trillion In Wealth   The economic elite have at least $46 trillion in wealth – but who are they? We look at the people and the industries picking the pockets of the working class. August 11, 2011….

  77. Anonymous said:

    There’s a few inconsistencies in this article. “The highest bracket for annual income is $50 million or more. Only 74
    Americans are in this elite group. The average income within this
    category was $91.2 million in 2008. As astonishing as that is, in 2009 they averaged $518.8 million
    each, or about $10 million per week. This means, in the depths of the
    recession, the richest 74 Americans increased their income by more than 5
    times within this one year. These 74 people made more money than 19 million workers combined.”

    If you do the math as this portion claims, these 19M workers only earn $2K/year?  Cmon now, someone has not checked their facts and figures.  And, this statistic is surely skewed by being computed as an average. The billionaires who gained billions skew this.  The *median* would be more useful, and even then it would be helpful to know what the distribution looks like. 

    I’m not arguing that the mega rich have a lot of income – they surely do. But even if you confiscated every dime that every billionaire has, and gave it equally to every other person on the planet, it wouldn’t change their long term economic outlook at all. They’d get a one time payment of less than $1K and how is that going to change their life in a meaningful way?

    Wealth redistribution doesn’t work. There isn’t enough wealth in the world for everyone to have Western living standards, no matter how much wealth you steal from people. The bottom line is there are far too many people in the world. We need to work to reduce global population to what it was in the year 1830; 1B people. That was sustainable.  What we have now, 7B, is not, and will end in disaster after vast continued human suffering. We have the opportunity to change all that though, and reduce the world population through natural attrition, while decreasing the total amount of human suffering.  

  78. Anonymous said:

    The 13th Amendment  DID NOT ABOLISH SLAVERY….DUH!!  It’s more like the Black’s were pardoned but told that they better not get out of line because they are going back if they do.  AND then the line keeps getting moved. Who would have thought?

    Financial Racism has replaced Race and Color Racism and considering that our Banking system is designed to Finance Wars circa 1360 for the City States of what we call ITALY today so they could afford the MERCENARY services of
    King Edwards Army left over in France, It becomes easier to “BUNDLE” the group of BANKERS and call it FASCISM. 

    With the S&L crisis we had in the 1980′s over 1000 FBI were tracking down
    the “Causes”  . This Derivative deal is 70 times larger and only 125 FBI investigating and no arrests. WHO OWNS POLITICS?

  79. [...] more propaganda on vital economic statistics to mask the severity of our economic crisis. Deceptive unemployment, GDP, inflation and poverty measures are easily exposed with some research and a closer look at the [...]

  80. [...] relying on food stamps to feed their family, over 50 million can’t afford health care, 62 million have zero or negative net worth and 64% of Americans have less than $1000 saved. As the economic [...]

  81. Supremebuddy said:

    You sound like those who advocate the anniliahilation of mankind or NWO. The Earth has more that enough resources to support everyone, but this will take a massive shift in thinking, that is just right around the corner.

  82. [...] was once distorted now becomes obvious, thanks to a very lengthy compilation full of some of the most shocking economic statistics every American should be made aware [...]

  83. Mark Casey said:

    but what do they get out of it??  they have so much money…. its all about who’s got the biggest knob!! some power/ego bullshit… i say ya all do em in and save yourselves from these parasites… :)

  84. Mark Casey said:

    i’m gona have to use this…  thanks  :)

  85. Anonymous said:

    Yes, Shawn – for those who actually can read and those they have not yet managed to exclude from voting… 

  86. [...] Based on an article by David DeGraw, Amped Status and DeGraw’s new report on the financial destruction of the United States. The full report can be read here: Analysis of Financial Terrorism in America. [...]

  87. [...] Analysis of Financial Terrorism in America [...]

  88. [...] begin to clear. What was once distorted now becomes obvious, thanks to a very lengthy compilation full of some of the most shocking economic statistics every American should be made aware of. Due to the length of the article, I fear many will shy [...]

  89. Hey,

    I reаlly thοught your post seemed to
    be genuіnelу engaging, yоu made a lot of excellent points, looκ forwаrd to heading bacκ and viewing a little mοre.

    Keep it up,

    all the best.

  90. http://www.louisvuittonhandbagsforyou.net said:

    IP Router for Windows is a Microsoft Windows application that gives all computers on your private LANs direct Internet access via one or more Internet connections of any type. NAT32 runs only on the computer with the Internet connection(s) and acts as an enhanced IP Router for the other computers on your private networks. The computer running NAT32 can be fully isolated from the Internet, thus ensuring a secure operating environment.

  91. [...] Date: 9.28.11 Analysis of Financial Terrorism in America By David DeGraw, AmpedStatus Report Abstract :: Welcome to World War III [...]

  92. Susanna said:

    Hey there! I just discovered your web site: EXCLUSIVE:
    Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million People With Zero Net Worth,
    As the Economic Elite Make Off With $46 Trillion |
    AmpedStatus when I was searching delicious.com. It looks as though
    someone appreciated your site so much they decided to bookmark it.

    I’ll absolutely be returning here more often.

  93. Roger said:

    Is it coincidence? When the number of incarcerated Americans began its hockey-stick curve up, that has-been actor, Ronald Reagan, took up residence at The White House.

  94. [...] American People Are Absolutely Seething With Anger Reports: CIA Working with Mexican Drug Cartels EXCLUSIVE: Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million Pe… Max Keiser: WW3 is on as Wall St. banks plunder economy – YouTube savethemales.ca – [...]

  95. rixar13 said:

    “Can 147 people hijack the global economy, plunder the environment, build a world for themselves that serves the few and deprives the many? ”

    Yes, multinational corporations continue without checks, balance or justice.

  96. [...] Date: 9.28.11 Analysis of Financial Terrorism in America By David DeGraw, AmpedStatus Report Abstract :: Welcome to World War III [...]

  97. acerbas said:

    Where is Dr. Guillotin when we need him now?

  98. [...] Analysis of Financial Terrorism in America [...]

  99. Spot on with this write-up, I truly believe that this site
    needs a great deal more attention. I’ll probably be returning to read more, thanks for the information!

  100. this content said:

    It is not my first time to pay a quick visit this web page, i am browsing this website dailly and take pleasant information from here every day.

    my homepage; this content

  101. Leonida said:

    I like the valuable information you provide to your articles.

    I will bookmark your blog and test again here
    frequently. I’m relatively sure I’ll learn
    plenty of new stuff proper right here! Good luck for the following!

  102. Thanks for your personal marvelous posting! I truly enjoyed reading it, you might be
    a great author.I will ensure that I bookmark your blog and may come back very soon.
    I want to encourage you continue your great job,
    have a nice holiday weekend!

  103. I am genuinely grateful to the holder of this website who has shared this impressive piece of writing
    at here.

  104. For all of our latest exclusives, previews, reviews and features, follow us on
    Twitter and like us on Facebook. Looking at the way of projects to figure out, developing
    through a whole new city and using new characteristics as a dedicated gamer there will be no purpose of considering twice when identifying whether to
    buy gta 5. The enhanced graphics make the game come to life like
    never before creating more of a real life effect in the crimes being committed such as beating somebody
    in the head with a baseball bat the wounds are life like making the game extremely violent.

  105. Hello, I do believe your site could possibly be having browser
    compatibility problems. Whenever I take a look at your website in Safari,
    it looks fine but when opening in I.E., it’s got some
    overlapping issues. I just wanted to provide you with
    a quick heads up! Besides that, fantastic blog!

  106. First off I would like to say superb blog! I had a quick question which I’d
    like to ask if you do not mind. I was curious to find
    out how you center yourself and clear your thoughts prior to writing.
    I have had difficulty clearing my mind in getting my thoughts out.
    I truly do enjoy writing but it just seems like the first 10 to 15 minutes
    are wasted just trying to figure out how to begin. Any ideas or tips?
    Thanks!

  107. clarence swinney said:

    400 Billionaires
    or one tenth of one percent own as much wealth as 154 million.
    46 million luckie duckies get Food Stamps
    50 million have no health insurance
    60 million have zero or negative wealth
    64% have less than $1000 in savings
    When will we tax wealth instead of giving tax breaks to the rich?

  108. I like what you guys tend to be up too. This sort of clever work and reporting!
    Keep up the good works guys I’ve incorporated you guys to my blogroll.

    Feel free to surf to my homepage; google keyword northern tool and equipment mn

  109. [...] EXCLUSIVE: Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million Pe… [...]

  110. all i listen is a bunch of complaining around some thing oneself may well restore if oneself were
    being not as well occupied seeking for notice

  111. ppp said:

    Even if you are actually attempting to health find.

    So you’ve just made $263, 000 in the first column. Although there are
    lots of people who need to earn substantial income on real estate.

    my web blog – ppp

  112. [...] Policy Priorities haben die einzelnen US-Bundesstaaten und Gemeindeverwaltungen seit 2008 bereits mehr als 500.000 Arbeitsplätze gestrichen. UBS Investment Research geht davon aus, dass alle Bundesstaaten und Gemeinden in den [...]

  113. Hello excellent blog! Does running a blog similar to this require a great deal of work?
    I have absolutely no knowledge of coding but I
    was hoping to start my own blog soon. Anyhow, if you have any recommendations or tips for new blog
    owners please share. I know this is off subject nevertheless I simply needed to ask.

    Cheers!

  114. Logan said:

    Very nice article. I absolutely appreciate this site. Thanks!

    Feel free to visit my site … Paddy oBrian [Logan]

  115. Susie Ryan said:

    Hey! Quick question that’s completely off topic.
    Do you know how to make your site mobile friendly? My blog looks weird when browsing from my iphone 4.
    I’m trying to find a template or plugin that might be able to fix this issue.
    If you have any suggestions, please share. Thank you!

    Here is my web page Susie Ryan

  116. Johnb668 said:

    I think this is one of the most significant information for me. And i’m glad reading your article. But should remark on some general things, The web site style is wonderful, the articles is really excellent D. Good job, cheers kfefefkbeeed

  117. Johng62 said:

    I usually do not drop a comment, but I read a few defecekdkddb

  118. Johne546 said:

    Hey would you mind letting me know which web host you’re working with? I’ve loaded your blog in 3 completely different internet browsers and I must say this blog loads a lot faster then most. Can you suggest a good internet hosting provider at a fair price? Kudos, I appreciate it! efegfdbefbdc

  119. [...] Analysis of Financial Terrorism in America [...]

  120. Joanna said:

    Hi there i am kavin, its my first occasion to commenting anyplace, when i read this paragraph
    i thought i could also make comment due to this sensible paragraph.

    Stop by my page :: click through the up coming website (Joanna)

  121. Thankfulness to my father who stated to me regarding this weblog,
    this website is actually amazing.

    Here is my web page … medical marijuana florida

  122. Johnk290 said:

    This website was how do you say it? Relevant!! gfbafdaebddd

  123. Johnf565 said:

    hello!,I like your writing very a lot! proportion we keep in touch more approximately your article on AOL? I require a specialist on this area to unravel my problem. May be that’s you! Looking forward to look you. kcdfgkbdceaa

  124. [...] to the Center on Budget and Policy Priorities, state and local governments have eliminated more than half a million jobs since August 2008.  UBS Investment Research is projecting that state and local governments in the [...]

130 Responses - Place Your Comment:





-------------------
Since February 2010, we have built the 99% Movement by surviving off of individual donations from people like you. Unlike most other so-called "independent" sites, we are not funded by partisan foundations or political organizations. We are fiercely independent and committed to citizen empowerment through the dissemination of critical information.

If you respect our work, please get a subscription here:



You can also make a one-time donation here.

Your information will be kept confidential.

If you have any questions, please e-mail AmpedStatus[@]AmpedStatus.com.

Our future is in your hands.


----- -------------------