E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

Read More

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

Read More

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

Read More

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

Read More

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

Read More

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

Read More

Real reason for electricity blackouts hitting southern US

“Large oil companies have for a decade artificially shorted the gasoline market to drive up prices,” said FTCR president Jamie Court. “Oil companies know they can make more money by making less gasoline.” The following article was written by Paul Joseph Watson. He is t

Read More

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

Read More

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

Read More

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

Read More

FDIC wants your retirement cash to save banks: Bloomberg

“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work

Read More

Canadian government admits recovery never happened

“Not only did their stimulus fail to create the jobs of tomorrow, it also failed to protect the jobs of today,” Scott Brison, the opposition Liberal Party’s spokesman for finance issues, said by telephone. "Most of us were shaking our heads in disbelief early last year w

Read More

Content By: The Coming Depression Editorial Staff (dates cited below)
Copyright: include link to this article on top of reproduction if you use it.
Bookmark and Share
(No Ratings Yet)

thief running with moneybags

American households have lost $11 trillion in wealth since the peak in the bubble.

Below are some highlights from an article by My Budget 360. NOTE the $11 TRILLION DECLINE IN MAIN STREET WEALTH vs. how the Banksters are doing! Budget 360 is the same source that identified the great divide between Wall Street and Main Street!

Top 1 Percent Control 42 Percent of Financial Wealth in the U.S.

In today’s article from My Budget 360 the author suggests the Financial Inquiry Commission not focus on the outrageous bonus’s or even WHO has paid off President Obama or our other Politicians but suggests the breaking up of Commercial and Investments Banking. Here are some of the most significant details from the article the author says INSTEAD of focusing on these details in his opinion they should just break them up. I disagree these Banksters have cost Main Street $11 trillion dollars but I thank him for pointing that out!

(WTH let’s just skip this? ) They cover the massive lopsided profits of the corporate banking sector and also examine the $11 trillion decline in household net worth.

The financial services sector has grown as a share of GDP for a solid 40 years. Even with the current crisis it doesn’t seem to have retreated all that much. For the most part, this has to do with the corporatocracy running the country. While virtually every average American has had to deal with the recession by watching home values plummet, stocks decline, and jobs disappear the financial services sector has somehow managed to maintain their share of the GDP pie. This is something that needs to be vetted in the FCIC hearings.

Tell us again why the people who caused this are being rewarded?  Companies that American taxpayers had to bail out with billions of dollars use that money to reward their employees with bonuses. Jon Daily drives home the point in this clip from the Daily Show.

Here is another chart driving the point home:


American households have lost $11 trillion in wealth since the peak in the bubble.

Take a look at some of the banking stocks since the lows last March:


Thanks to the wonderful bailouts, the banking system has picked up right where it left off after it destroyed the real economy. Now, it doesn’t even need to bother with the real economy since it has unlimited funds from the government to gamble in what is now the new gambling hotspot, Wall Street. Forget about Las Vegas, the new capital of gambling is in New York City and is headed by the investment banks.

The Article in full can be found HERE. The Article on who Obama works for can be found HERE. So many of these writers never address the Fascist Cartel known as the FED! Americans have been mistakenly led to believe they are an Independent Agency. Nelson Hultberg shreds that MYTH and explains how our paid off politicians work in Collusion with the Banksters and if you take the time to read it he details how this allows them to spend money stolen from you on special interests of their choosing.

I would like to see PERP WALKS wouldn’t you? Instead of just breaking them up my suggestion would be to END THE FASCIST CARTEL period so our paid off Politicians who use the Independent Agency EXCUSE and their Bankster Buddies who by paying them off help rule America would have no recourse other then spending as our Constitution allows be that Welfare for Wall Street or Welfare for Main Street or Foreign Aid to Foreign Banks or Foreign people that money is being stolen from the Taxpayers of America.

Gerald Celente often likens the Financial Crisis to a Bank Heist where the Robbers had the keys saying it was an inside job! I agree a Collusion between our Politicians the Fed and the Banksters and in this last Heist the take was $11 Trillion dollars from the citizens of America what a haul!

This entry was posted on Thursday, January 14th, 2010 at 3:59 pm and is filed under Survival Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

Under the 'fair use' rule of copyright law, an author may make limited use of another author's work without asking permission. Fair use is based on the belief that the public is entitled to freely use portions of copyrighted materials for purposes of commentary and criticism. The fair use privilege is perhaps the most significant limitation on a copyright owner's exclusive rights. "