The Money Party on the Road to Ruin

Michael Collins

The Money Party is destroying the United States. For ten years, there have been no new jobs with flat income. Unemployment and poverty are making a big comeback. The party consists of those who own and control concentrations of great wealth and the select few who serve them (their Mandarins). Based on the efficiency of the demolition job, you have to wonder if this is by design. If greed, ignorance, and paranoia constitute a plan, then they are master planners. (Image)

Look at the glaring problems below. Then ask yourself, has there been one single program implemented to address any of these problems, just one? Our elected representatives enable the relentless process of driving down the United States. They bicker and fume at the edge of issues. However, when it comes to neglecting the real needs of citizens and the country, they are as one. All rewards and resources flow to their patrons and owners, the made men and women of The Money Party. We are nothing to them.

There have been no net new jobs since 2000. The minimal growth from 2000 to 2010 disappears when you factor in 10% population growth over the same period.

You would think that somebody in charge would take this seriously. New jobs with decent pay represent the key to many of the other problems we face. Yet nobody bothers to do anything about it or even start a serious effort to seek solutions.

Income has been flat for 10 years.

How are people supposed to survive, raise their families, pay their medical bills, etc. if income remains flat while inflation eats away at existing resources?

The following maps show the relative increase of unemployment since 2000 based on the official unemployment formula.

Real unemployment figure tops 20%. Employer payroll reports are the basis for the “official” figures. That rate is artificially low since it leaves out the self employed, discouraged workers, long term unemployed, and the underemployed. The government’s U6 unemployment rate, 17%, is a more accurate measure. When you add “estimated”long-term discouraged workers, who were defined out of official existence in 1994.” total unemployed is at 23% of the workforce.

(Image: Shadow Government Statistics)

Bankruptcies and individuals involved are up nearly by a factor of three since 2006. There are any number of reason so for a bankruptcy but no new jobs, increased prices, and flat incomes have a great deal to do with this trend.

At the end of 2010, 14% of US homes were either in foreclosure or delinquent in payments. People can’t make home payments if they are unemployed. Their ability to make payments will vanish as their flat salaries are eaten away over time. But nothing is done.

The poverty rate is up around 40% when you use a measure that factors in out of pocket medical expenses, not considered in the “official” poverty rate.

It only makes sense that people will descend into poverty. What else happens when you lose your job and are unable to find a new one?

Large sections of the country look like a wasteland due to extended neglect and hard times. Michigan’s Central Station in Detroit sat unused and abandoned as the city around it decayed. The Economist called California’s San Joaquin Valley “the Appalachia of the West” because of record high unemployment that reaches 30% to 40% range in some small towns. Described as the food basket of the world, the valley is collapsing in on itself.

Michigan Central Station, Detroit, abandoned and unused for years Image

In addition to completely failing the people, the Money Party let the nation’s infrastructure fall into ruin. The American Society of Civil Engineers graded the status of bridges, roads, etc. The Money Party gets a big fat “D” for their stewardship.

Fixing all this would provide a stimulus of phenomenal proportions. It would produce bonds that were actually worth something in the future. The Money Party can blow things up but building and repairing are beyond their abilities to comprehend.

We are led by fools.

END

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11 responses to “The Money Party on the Road to Ruin

  1. Pingback: emedist.com

  2. What you have shockingly and usefully documented is an additional, long rolling-out psi-op delolition event — this time, a brutal economic hit — perpretrated by the same miniscule, all-powerful self-interests (expressed as disinterests, dissing us=U.S.) who perpetrated the controlled demolition hits + magic show on 9/11/01. Wake up! More to come, folks!

  3. Pingback: The Money Party on the Road to Ruin (via COTO Report) « Miss Displaced Worker

  4. You have prepared an excellent article on what is happening. I am angry due to not being able to use my education to earn a decent living. If I had known what the future held for me, I certainly would have selected a different career. But then if I could fortel the future, I’d have done many things differently. I suspect the disintegration of the nations in the middle east will come here, but I can’t believe this government would allow themselves to be thrown out, or what would replace them. My darkest fears are things that I would rather not say in print.

    • There is so much talent wasted in this country. The difference between the employed and the total work force is frightening. When you add in those not ‘officially’ counted, it’s over 20 million. There is more than enough work that needs to be done. If those 20 million were working, we’d solve the fiscal problems quickly and have plenty to spread around usefully. I’m afraid we’re in for a couple of years of chaos then things will start to sort out. The very best to you.

  5. My thoughts are; Get ready for it. What’s happening in the Middle East as it’s emboldened them, will have a carryover effect as they bring austerity down on the rest of us. We outnumber the greedy bastards, we just need to wise up and take back what’s rightfully ours, our freedom. Screw the fear and trinkets they offer up to us to keep us distracted. It’s time to learn what really is instead of the illusion we’re been brainwashed into believing to be reality

    • I’ve felt this from the first of the Tahrir Square assemblies in Cairo. The English speaking peoples have no monopoly on democracy or the yearning for human dignity. We can be led as well as lead. Who cares if we end up with a more open and equitable nation.

      The Wisconsin struggle is bringing it home. Gov Walker is looking like a fool today (putting it kindly). Tomorrow, he’ll look like a guy who takes orders from the Koch brothers. Indiana fired the Deputy AG, immediately, and the governor there won’t take a stand on the anti-union bill his own party has up for consideration. He’s backing off. Kascich will try this in Ohio but that will be to no avail. The challenges is met.

  6. Pingback: The Progressive Mind » The Money Party on the Road to Ruin | COTO Report

  7. It was a rhetorical wondering;), a device, perchance…

    It’s a toxic brew these folks keep serving up. They are now learning that their cherished asset, easy access to the ME oil pond, isn’t based on aligning with monsters and lunatics. It’s based on a fair deal for the people. How interesting it is, though, that The Money Party can’t make up its mind about Libya. Egypt was an easy call because they could deal with the Army, which they think can steal the victory. But in Libya, there’s no co-opting force. The party might have to deal straight up this time. The sense of inadequacy emerges, their insecurities show, and they knock the deck off the table. People like this shouldn’t be allowed to build houses of cards.

  8. People need to stay away from the mainstream media because disinformation in a digital paradise of opposing points of view is nothing short of tragic. Fox noise lures the masses to think that they may one day be a Koch sucker. The noise resonates and people are force fed this nonsense. It’s always those socialist bastards that want to take our country down. This noise is offensive. People can’t see through the teaparty and the media? Why anyone that is an honest and hardworking person would ever shy away from revolt against wall st., the fed, and the military industrial complex is beyond me. It used to be welfare people were demonized, but now it is the hard working regular person that is paying for the misdeeds of the uber weathy. People must reach out to educate coworkers, family members, and other open-minded members of local communities to let your voices be heard. Masses of protesters disrupting daily life is the only answer.

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