» Fractional Reserve Poverty Reaches New High

September 13, 2011

According to the Census Bureau, nearly 1 out of 6 Americans now live in poverty. From the Associated Press today: The Census Bureau’s annual report released Tuesday offers a snapshot of the economic well-being of U.S. households for 2010, when joblessness hovered above 9 percent for a second year. It comes at a politically sensitive time for President Barack Obama, who has acknowledged in the midst of a re-election fight that the unemployment rate could persist at high levels through next year….

Measured by total numbers, the 46 million now living in poverty is the largest on record dating back to when the census began tracking poverty in 1959. Based on percentages, it tied the poverty level in 1993 and was the highest since 1983.

In fact, the real unemployment figure is 22.8%, according to John Williams’ Shadow Stats. During the last Great Depression, the unemployment rate peaked at 25 percent in 1933.

The current boss of the Federal Reserve, Ben Bernanke, has admitted that the Federal Reserve engineered the Great Depression and future Federal Reserve chairmans – if we don’t get rid of them – will probably admit the current Greatest Depression was created by the banksters.

Both unemployment and poverty are created by the fractional reserve system and its expansion of the money supply.

“Poverty can be caused by real economy, that is to say, by the lack of supply of real things,” writes economics professor Ahamed Kameel Mydin Meera.

It can also be caused by the monetary system. In a modern capitalist economy, the creation of abundance of money that accrues very unevenly in the hands of individuals can aggravate poverty. Milton Friedman, a well-known monetary economist, says that inflation is predominantly a monetary phenomenon. If this is the case, the worsening of the global poverty problem can be significantly pointed at the institutions that are responsible for the creation of fiat money.

In the United States, that institution – not federal, as claimed, but owned by a cartel of bankers – is the Federal Reserve.‪

Alex Jones: Total Economic Implosion and Bondage by Design‬. See the rest on the Alex Jones Channel.

via » Fractional Reserve Poverty Reaches New High Alex Jones Infowars: Theres a war on for your mind!.

English – Pastebin.com

BY: A GUEST | JUL 25TH, 2011 | EXPIRES: NEVER

“Ladies and gentlemen,

[…]

Fact: Almost half of the world  – over three billion people – live on less than $2.50 a day. THREE BILLION PEOPLE! At least 80% of humanity lives on less than $10 a day and live in countries where income differentials are widening.  22,000 children die each day due to poverty and 1 billion live in poverty. That’s one out of 2 children in the world.

[…]

The lists of injustices and corruption in the world go on and on….”

via English – Pastebin.com.

World of Class Warfare – The Poor’s Free Ride Is Over – The Daily Show with Jon Stewart – 08/18/11

World of Class Warfare – The Poor’s Free Ride Is Over

“The government could raise $700 billion by either taking half of everything earned by the bottom 50% or by raising the marginal tax rate on the top two percent.”

Direct link since you can’t embed Daily Show videos (or at least I can’t find one that works):

http://media.mtvnservices.com/mgid:cms:video:thedailyshow.com:394983

Yeah, because the problem with poor people is that they hoard food and wish to keep it from perishing before they can eat it! @.@ *eye roll*

via World of Class Warfare – The Poor’s Free Ride Is Over – The Daily Show with Jon Stewart – 08/18/11 – Video Clip | Comedy Central.

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