The essence of evil

A Polaroid of an unaccompanied child following the 1994 Rwandan genocide. Such images were displayed on bulletin boards at NGOs. Photo by Jenny Matthews/Panos

A Polaroid of an unaccompanied child following the 1994 Rwandan genocide. Such images were displayed on bulletin boards at NGOs. Photo by Jenny Matthews/Panos

You don’t have to be a monster or a madman to dehumanise others. You just have to be an ordinary human being

by David Livingstone Smith

(David Livingstone Smith is professor in philosophy at the University of New England, and director of the Human Nature Project. His latest book is Less Than Human (2011).)

In March 1945, Leatherneck Magazine, an official organ of the United States Marine Corps, published a brief, ostensibly humorous article describing a parasite named Louseous Japanicas. It included an illustration of a grotesque creature with stereotypically Japanese features. The accompanying text tells us that:
To the Marine Corps, especially trained in combating this type of pestilence, was assigned the gigantic task of extermination… Flame throwers, mortars, grenades and bayonets have proven to be an effective remedy. But before a complete cure may be effected the origin of the plague, the breeding grounds around the Tokyo area, must be completely annihilated.

Later that same month, US warplanes dropped 2,000 tons of incendiary bombs on the city of Tokyo. The stench of burning flesh was so intense that fighter pilots reached for their oxygen masks. Over the next five months, at least half a million Japanese men, women and children were, in the words of the US Air Force General Curtis LeMay, ‘scorched and boiled and baked to death’ in the firebombing of 67 Japanese cities. And then there were Hiroshima and Nagasaki…

Only a few years earlier in Germany, Jews were labelled Untermenschen (subhumans) and were likened to vermin, maggots and disease-transmitting parasites. Half a century later in Rwanda, Hutu génocidaires referred to their Tutsi quarry as cockroaches and snakes. This year, the Israeli Prime Minister Benjamin Netanyahu characterised the Palestinian killers of three abducted Jewish teenagers as predatory beasts (an epithet that he did not apply to the Jewish extremists who burned a Palestinian boy alive in retribution). ‘They were kidnapped and murdered in cold blood by animals,’ he said. ‘Hamas is responsible and Hamas will pay.’

What is the common element in all these stories? It is, of course, the phenomenon of dehumanisation. But this is neither recent nor peculiar to Western civilisation. We find it in the writings from the ancient civilisations of Egypt, Mesopotamia, Greece and China, and in indigenous cultures all over the planet. At all these times and in all these places, it has promoted violence and oppression. And so it would seem to be a matter of considerable urgency to understand exactly what goes on when people dehumanise one another. Yet we still know remarkably little about it.

Here’s what we can say. The term ‘dehumanisation’ has acquired a variety of meanings since its introduction in the early 19th century. Some people think of it as a derogatory language-game: the rhetorical practice of likening human beings to non-human animals or inanimate objects. Others understand it as the act of degrading others by subjecting them to cruelties or indignities. Still others believe that we dehumanise people by denying them subjectivity, individuality, agency or other quintessentially human characteristics. My focus is on a different conception of dehumanisation – a deeper one that typically underpins all the others. We dehumanise other people when we conceive of them as subhuman creatures. Dehumanisers do not think of their victims as subhuman in some merely metaphorical or analogical sense. They think of them as actually subhuman. The Nazis didn’t just call Jews vermin. They quite literally conceived of them as vermin in human form.

Look at how European settlers thought about the Africans whom they enslaved. As the US historian of slavery David Brion Davis remarks: ‘It was this extreme form of dehumanisation – a process mostly confined to the treatment of slaves and the perceptions of whites – that severed ties of human identity and empathy and made slavery possible.’ The writings of Morgan Godwyn, a 17th-century Anglican clergyman who campaigned relentlessly for the civil rights of Africans and Native Americans, throw considerable light on how English colonists thought about their putatively subhuman slaves. In The Negro’s and Indians Advocate (1680), he wrote that he had been told ‘privately (and as it were in the dark)… That the Negros, though in their Figure they carry some resemblances of Manhood, yet are indeed no Men.’ ‘They are,’ he continued, ‘Unman’d and Unsoul’d; accounted and even ranked with Brutes’ – ‘Creatures destitute of Souls, to be ranked among Brute Beasts, and treated accordingly.’…




Posted in Bizarre, Curiositys, History, Psychology, Racism, Rights, Visions | 1 Comment

Why You Should Not Submit to Medical Martial Law

by Brandon Smith

One of the most dangerous philosophical contentions even amongst liberty movement activists is the conundrum of government force and prevention during times of imminent pandemic. All of us at one time or another have had this debate. If a legitimate viral threat existed and threatened to infect and kill millions of Americans, is it then acceptable for the government to step in, remove civil liberties, enforce quarantines, and stop people from spreading the disease? After all, during a viral event, the decisions of each individual can truly have a positive or negative effect on the rest of society, right? One out of control (or “lone wolf”) citizen/terrorist could reignite a biological firestorm, so, should we not turn to government and forgo certain freedoms in order to achieve the greater good for the greater number?

If the government in question was a proven and honorable institution, then I would say pro-Medical Martial Law arguments might have a leg to stand on. However, this is not the case. In my view, medical martial law is absolutely unacceptable under ANY circumstances, including Ebola, in light of the fact that our current government will be the predominant cause of viral outbreak. That is to say, you DO NOT turn to the government for help when the government is the cause of the problem.

The recent rise of global Ebola is slowly bringing the issue of medical martial law to the forefront of our culture. Charles Krauthammer at The Washington Post recently argued in favor of possible restrictions on individual and constitutional liberties in the face of a viral pandemic threat.

The CDC now argues that in the case of people who may be potential carriers, or even in the case of people who refuse to undergo screenings, it has the legal authority to dissolve all constitutional protections and essentially imprison (quarantine) an American citizen for as long as they see fit to do so.

The Obama Administration is now using militant terminology in reference to Ebola response, including the formation of “Ebola SWAT Teams” for quick reaction to potential outbreak areas.

In typical socialist fashion, the nurses union ‘National Nurses United’ has called for Barack Obama to use “executive authority” to take control of all Ebola response protocols in hospitals across the country. Yet another perpetuation of the myth that more government power is the solution.

And finally, the Department of Defense has been tasked to create a military controlled “quick-strike team” to deal with Ebola within U.S. borders. This team will be under the command of none other than Northcom, apparently trampling the Posse Comitatus Act and setting the stage for the rationalized use of military personnel against U.S. citizens under the guise of pandemic prevention.

It should be clear to anyone with half a brain that medical martial law is being quietly prepared, and that the threat of such measures is not a paranoid conspiracy, but a very real possibility. It should also be noted that such provisions are not only the products of the Obama Administration. It was George W. Bush who first created laws intersecting with the World Health Organization’s pandemic preparedness planning. These laws include the “overrule of existing legislation or (individual) human rights” in order to quell a viral outbreak, and were originally drafted around the potential of an influenza crisis…





Posted in Activism, Big Brother, Fascism, Freak U.S.A, Health, Manipulation, Rights, State Terrorism, Visions | Tagged , | 1 Comment

Five Ways You Can Become a Better God

by Gary Z McGee

Here’s the thing: you are God. But here’s the other thing: so am I. So is everyone. Some of us are simply more aware of it than others. The more aware you become of this fact, the better god you will become. Sound simple? It’s not.

It takes a riot of the imagination, a tempest of the spirit, a hurricane of the heart. It takes an insurgence of the soul that recapitulates the history of the human condition itself and then dares to reinterpret it. In short, it takes remapping the human spirit in order to balance it with the greater map of the planet. Here are five ways to become more aware of your divine godhood, and thus, how to become a better god.

1) Understand that the mind through which you perceive the Great Mystery is the same mind through which the Great Mystery perceives you

“The eye through which I see God is the same eye through which God sees me.” — Meister Eckhart.

The Great Mystery is the grand, all-consuming, everything-nothingness of Reality. It’s the dancing, bouncing, hungry, almighty void of all things moving inside and out, inverted and outverted, micro and macro; going through the motions of being interdependently infinite within finite chunks of infinite timelines within a greater capital “I” Infinity that is also a capital “N” Nothingness. And here’s the really cool part: you are a vital part of this magnificence.

Indeed, this is actually who you are. This is who you have always been. This is who you will always be. Since the beginning of there-is-no-such-thing-as-a-beginning you have been a force of nature that can neither be destroyed nor created only transformed. This is neither science nor magic, it’s both: a sacred resonance.

The sooner you come to terms with the absolute fact that you are a mind-bogglingly unique aspect of this universe going through infinite change, the sooner you will become a balancing agent for the redistribution of healthy energy. The sooner you will learn how to transform in healthier ways. The less aware you are of this fact, the more likely you are to become an unbalanced agent for the spreading of unhealthy energy. All gods have the power to use their power in either healthy or unhealthy ways. It’s a great power that requires an even greater responsibility.

2) Pay attention to how the divine within you resonates with the divine within others

“There is only one core issue for all psychology: Where does the ‘me’ begin? Where does the ‘me’ end? Where does the ‘other’ begin?” — James Hillman.

An important part of becoming a better god is recognizing and honoring the existence of other divine beings going through similarly unique manifestations of the universal construct. Being mindful of other gods will give you the vital ability of compassion. One simply cannot be an efficient god if one does not have the ability to place oneself in another god’s shoes, and to feel the fitted (or ill-fitted) dimensions of being “other-than-oneself.”

Empathy is a healthy god’s modus operandi for higher consciousness, as it directly taps one into the collective unconscious. You want to become a better god? Become more adept at adapting to others. Become a force of loving kindness and tolerance, especially in the face of hateful resentment and intolerance. Be a force of ruthless love as opposed to a force of passive indifference. Your courage will have a resonating effect on those who are open to it, while keeping those who are closed to it on their toes.

3) Recondition the precondition to become unconditional

“The first step toward success is taken when you refuse to be a captive of the environment in which you first find yourself.” — Mark Caine.

All gods begin as tiny godlings conditioned by a godless world. We overcome such conditioning by reconditioning the original condition, so as to become an unconditional force of nature. We transcend codependency and independency by focusing more on being an interdependent being in a relationship with an interconnected cosmos.

Being mindful of how everything is connected is essential to becoming a better god, especially in a universe where everything is attached to everything else. Being a better god is being in tune with this invisible connection. The more in tune we become, the more adept we get at listening to the “language older than words” that’s reverberating between all things…




Posted in Brain, Curiositys, Esoteric, Matrix, Psychology, Visions | Tagged | 1 Comment

8 Beautifully Animated Picasso Paintings Honor The Artist’s 133rd Birthday



On a fine day like today, 133 years ago, a man named Pablo Picasso was born. The Spanish painter, sculptor, ceramicist and creative spirit revolutionized the history of art as we know it, introducing concepts from collage to Cubism.

In an effort to honor the life of the inimitable artistic force, we’re taking a cue from Pablo himself when he said “For those who know how to read, I have painted my autobiography.” And since he was always a fan of throwing art history for a loop, we could think of no better way to pay our respects than through a series of animated GIFs based off Picasso’s iconic canvases.


“Harlequin and his Companion”

Happy birthday, Picasso! The world is a brighter, more angular place thanks to you. Check out our animated GIFts below and leave Picasso a birthday message in the comments.

Happy birthday Picasso!




Posted in Art, History, Media&Culture | 1 Comment

Read What You Sign

by Jeff Berwick, The Dollar Vigilante

User agreements. They’re everywhere. If you did anything new today online, then there is a chance you had to sign a user agreement. Did you read it? If you’re anything like me, then probably not.

It might have looked like some of these.

While I deal with various companies and websites I find myself so often ignoring user agreements but signing them anyway. Apple is famous for their very long user agreements nobody reads. Most companies make you sign something if you’re going to be using their services and products. Most of these agreements go unread.

Some of them are quite colorful, like this iTunes agreement.

So just to make that clear. If you’re using iTunes to make nuclear weapons, stop.

Today, while I was checking various boxes in a recent user agreement, I wondered to myself what a user agreement with the US government (numer one terrorist organization in the world) might look like:

  • I agree to pay 50% of everything I earn for life to the US government.
  • I agree to also pay tax on money I have earned outside the country.
  • I agree to not be able to leave the country if the government sees fit.
  • I agree to go to jail or face death penalty if the government sees fit.
  • I agree to any law the government decides to pass without my consent no matter the cost of my personal freedom.
  • I agree that the US government can spy on all my incoming and outgoing communications.
  • I agree that the US government owns all my incoming and outgoing communications and can use them in anyway it pleases.
  • I agree that the US government owns my body.
  • I agree that the US government can kill in my name.
  • I agree that the US government can turn my cell phone into a geo-tracker.
  • I agree that I best not think or else I might find myself in trouble.
  • I agree that freedom is slavery.

I asked myself if I would sign such an agreement? Obviously the answer is no unless I did not read the user agreement, which is entirely possible. But what’s more likely is that since government doesn’t provide any useful services anyway without the need for the barrel of a gun, I would never use them.

Individuals all over the world passively accept laws and citizenship conditions – like taxes, fines and wars – all because they were born to a particular geographical region on Planet Earth.

By the time you do realize the inherent injustice of the system you are probably already serving jail time or have thousands of dollars of debt.

So, would you sign a user agreement with the US if they asked you to and put it like it actually is instead of hiding behind legalese and propaganda?




Posted in Activism, Big Brother, Bizarre, Conspiracy, Curiositys, Freak U.S.A, Mafia, Manipulation, Matrix, Media&Culture, Rights, State Terrorism, Visions | Tagged | Leave a comment

Ebola scare fabricated by US media to make profit

File photo shows nurses taking care of an African patient with Ebola hemorrhagic fever.

File photo shows nurses taking care of an African patient with Ebola hemorrhagic fever.

American lies brought to you an Iraq war and hundreds of thousands dead. American lies recently brought us the barbarism of Ukraine. American lies next forced all to bear witness to contrived atrocities in Syria and accept fabricated excuses for hundreds of dead children in Gaza.

American lies now bring you Ebola.

To begin, consider:

­- The Center for Disease Control (CDC), the epicenter for all worldwide media information and purported credibility about Ebola, is a for­profit, publicly traded, private corporation with a very dark, sinister and criminal past.

­- On April 29, 2010, the CDC acquired the patent and ownership for the Zaire Ebola Virus (ZEBOV). By doing so, it acquired rights for all pending bio­engineered forms of the heinous virus, including vaccines and infection tests.

­- A clinical study in 2010 has shown a very promising, effective and simple cure for Ebola to be already available worldwide; Ascorbic acid. Vitamin C.

The CDC tells you no cure currently exists for Ebola. A lie. Attention is required. The plot is deep, the crimes many. The reason, of course, money, profit, greed and power.

The culprit: the enemy of humanity. America. Its weapon, of course; fear. Our antidote; knowledge.

The world knows well that Americans are too easily scared into disproportionate overreaction. So does their government.

Dutifully, your press hid the fact that rational EU and West African countries are no longer using any CDC Ebola infection statistics, because they are wrong. 69 percent of all reported Ebola cases have not been tested to confirm the supposed positive result, which requires blood analysis.

Why? There is no accurate, early warning test for Ebola infection. None. As such, death from Malaria, Cholera, and insect bites are being counted as Ebola victims merely because their symptoms are similar.

Indeed, the US Department of Defense (DOD) manual titled “Joint Project Manager Medical Countermeasures Systems”, dated August 14, 2014, states, “[The PCR Ebola test] should not be used as the sole basis for patient management decisions.”

The report, documented by investigative journalist Jon Rappaport ,leads him to conclude that the diagnostic test called PCR, is in reality, “utterly unreliable and useless,” in showing Ebola infection before outward symptoms become obvious.

However this past week, Tom Frieden, the head of the CDC, in referring to the three US cases centered in Texas, called the PCR test “a very accurate test.”


Worse, for CDC believers, was the front page headline in Monrovia, Liberia’s largest news paper, the “Liberia Observer,” on Sept 9, 2014, that claimed Ebola was being deliberately propagated by US Aid troops.

Titled “Ebola, AIDS Manufactured By Western Pharmaceuticals, US DoD?” the article was authored by Dr. Cyril Broderick, Professor of Plant Pathology at the University of Liberia’s College of Agriculture and Forestry, who states this Ebola is a genetically modified, man­made organism (GMO)…



Posted in Activism, Africa, Big Banks, Big Pharma, Bizarre, Conspiracy, Corruption, Freak U.S.A, GMO, Health, Manipulation, Media&Culture, News, Politics, State Terrorism | Tagged , | Leave a comment

Ten glaring Ebola contradictions told by government authorities who think we’re all just stupid


by Mike Adams

(NaturalNews) New York Governor Cuomo began yesterday’s Ebola press conference by gently waving his hand at reporters and uttering, “These are not the droids you’re looking for.”

When that didn’t work, he pulled out a pocket watch and let it swing back and forth like a pendulum, slowly repeating “Ebola is hard to catch. Ebola is hard to catch. You are feeling sleepy…”

As anybody with a brain has figured out by now, everything we’re being told about Ebola by government authorities is a distortion, a contradiction or an outright lie. But what are the best lies and contradictions we’ve heard so far?

Here’s the list:

#1) We are wearing space suits just because they make us look cool

There’s absolutely no risk that Dr. Spencer infected anyone in New York City, which is why we are going to closely monitor four people he came into contact with.

We do that because we like to monitor random people for no real reason.

#2) We are fully prepared for an outbreak which will never happen

There is almost zero risk of Ebola ever coming to New York City, which is exactly why we have been preparing for an Ebola outbreak in New York City.


#3) Ebola is so hard to catch that we can’t believe anyone managed to catch it

Ebola is hard to catch. It’s so hard to catch that the world’s best-trained doctors accidentally caught it without even knowing they did.

We don’t understand how this happens, unless Ebola was easy to catch, which it isn’t. Trust us. We are expert virologists when we’re not running for office and making political promises we’ll never keep.

#4) Please quarantine yourself even though you don’t need to

Ebola can’t possibly be spread by people who don’t show any symptoms, but we would prefer that doctors who return from West Africa quarantine themselves for 21 days even when they show no symptoms.

But even when doctors break those self-quarantine rules, we will praise them and talk about how much they “tried” to limit their exposure to the public.

#5) Riding the subway is a form of self-quarantine

Dr. Spencer is so awesome! He “tried” to limit his exposure to the public, and he did that by riding the subway, sharing an UBER vehicle and hanging out at bowling alleys with his fingers touching his [bowling] balls.

Because, y’know, the very best way to quarantine yourself is to go out in public. How could anyone not know that? Shouldn’t we give Dr. Spencer a humanitarian award of some kind for putting the safety of others ahead of his own social needs?

#6) Please deposit all biomedical viral waste in the nearest public trash can

Here in New York City, we like to use public trash cans to dispose of biomedical waste that’s contaminated with Ebola virus. (That’s what NYPD cops were just caught on camera doing.) [1]

Because we figure the rats in NYC already carrying at least 18 deadly viruses anyway, so why not give ‘em some Ebola to see what mutations might happen? What could possibly go wrong?

#7) Stopping public awareness of Ebola is far more important than stopping Ebola

In the great city of New York, we have decided that the real risk is not from Ebola itself but from public awareness of Ebola.

Thus, instead of going out of our way to stop Ebola, we are focusing our efforts on stopping awareness of Ebola.

Because it’s far better for the public to be ignorant than afraid. In fact, that’s pretty much also how we run the New York City budget, too.

#8) Everything tests negative. Whew!

As part of our effort to calm public fears, we are going to tell you that everybody who once had Ebola now tests negative for Ebola. It’s all cleared!

We tested the nurses from Dallas, and it came up negative. We tested the friends of Thomas Duncan, and they came up negative. Heck, we even tested the Ebola virus for Ebola and it came up negative too. Thank goodness Ebola is now Ebola free.

#9) Enhanced airport screening catching everything except Ebola

Just to calm public fears, we are going to stage some medical theater for you at the airports, acting like we are stopping people with Ebola from entering the country.

…People like Dr. Spencer, of course, who walked right through our “enhanced screening” procedures because, well, it’s all just for show anyway.

If you’re wondering why such medical theater is necessary, refer to point #7, above.

#10) Twenty isolation hospital beds and 100,000 body bags… hmmm…

We are all so totally prepared for an Ebola outbreak in New York City that we have a whopping 20 hospital beds ready with viral isolation capabilities.

And just in case that doesn’t work, we’ve got 100,000 body bags ready to deploy.

It’s sort of a “Plan B” approach, but we’re pretty sure that won’t ever be necessary as long as all Ebola carriers self-quarantine by riding the subway and visiting bowling alleys, which we fully endorse because we are government authorities who always know what we are talking about.

Sources for this article include:

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Posted in Activism, Big Pharma, Bizarre, Freak U.S.A, Health, Living, Manipulation, News, Unbelievable | Tagged , | Leave a comment

Norway Joins the Race to Develop Killer Robots

From: Activist Post

Norway is a large exporter of weapons, which makes the resolution of the debate about creating killer robots an important issue for everyone.

One could debate the overall merits or failings of robotic systems, but an area that clearly has become a point for concern on all sides is the emergence of “killer robots.” According to robotics pioneer, David Hanson, we are on a collision course with exponential growth in computing and technology that might only give us a “few years” to counter this scenario.

Even mainstream tech luminaries like Elon Musk and Stephen Hawking have proclaimed the magnitude of the threat following a reading of Nick Bostrom’s book Superintelligence. Musk flatly stated that robots infused with advanced artificial intelligence are “potentially more dangerous than nukes.”
Robot-controlled missiles are being developed in Norway, and could easily be a path toward that ultimate danger.

Universities such as Cambridge have said that “terminators” are one of the greatest threats to mankind according to their study program Centre for the Study of Existential Risk. Human rights groups and concerned citizens have echoed this with a Campaign to Stop Killer Robots. This campaign has even garnered support from one Canadian robot manufacturer who penned an open letter to his colleagues urging them not to delve into the dark side of robotics. Meanwhile, in the background, the United Nations and the U.S. military have been forced into the debate, but are currently stutter-stepping their way through the process.

As the clock ticks, there is a global drone and artificial intelligence arms race as nations seek to catch up to others who have taken the lead. Perhaps one sign of how fast and far this proliferation extends, seemingly peaceful and neutral Norway is making the news as a debate rages there about plans to have artificial intelligence take over missile systems on its fighter jets. In reality, Norway is actually a large exporter of weapons, which makes the resolution of this debate an important issue for everyone.
There is a general move to augment traditional weapons systems with artificial intelligence. A recent post from the U.S. Naval Institute News stated that “A.I is going to be huge” by 2030. A.I. is foreseen “as a decision aid to the pilot in a way similar in concept to how advanced sensor fusion onboard jets like the F-22 and Lockheed Martin F-35 work now.”

This is the first step toward removing human decision making. According to Norwegian press, their government states this explicitly:

The partially autonomously controlled missiles, or so-called “killer robots”, will be used for airborne strikes for its new fighter jets and have the ability to identify targets and make decisions to kill without human interference. (emphasis added)

Interference?! What, like compassion and having a conscience? Make no mistake, at the highest levels that is exactly what it means. This was highlighted in a recent report that certainly has military elite across the planet concerned. It seems that the distance they have attempted to create by putting humans in cubicles thousands of miles from the actual battlefield still has not alleviated the emotional impact of killing. Apparently it’s not a video game after all.

Although drone operators may be far from the battlefield, they can still develop symptoms of post-traumatic stress disorder (PTSD), a new study shows.

About 1,000 United States Air Force drone operators took part in the study, and researchers found that 4.3 percent of them experienced moderate to severe PTSD.

That percentage might seem low, but the consequences can be incredible. Listen to what one former drone operator has to say about his role in 1,600 killings from afar…




Posted in Bizarre, Curiositys, Europe, Matrix, Media&Culture, State Terrorism, Technology, Visions, War | Tagged , , | 1 Comment

RINF Video: How an Establishment Peadophile Ring Leads to the Monarchy, MI5 & Rothschilds

It has long been alleged that the systematic abuse of children took place in the Kincora home at the hands of a paedophile ring thought to be linked to MI5.

It has also been claimed that MI5 blocked police investigations into the abuse, who reportedly used the information of child abuse to blackmail, manipulate and coerce members of the establishment who were committing the abuse.

Let’s look at the evidence.



Posted in Bizarre, Corruption, Curiositys, Europe, Pedo, Rights, Unbelievable, Visions | Tagged , | 1 Comment

90 percent of Americans are poorer today than in 1987

The American Dream is slipping further away from the vast majority of Americans than it has in a quarter century. Now 90 percent of US households are poorer than they were in 1987, according to both a new study and the head of the Federal Reserve.

“The new, harsh reality is that the bottom 90 percent of households are poorer today than they were in 1987,” Matt O’Brien wrote in the Washington Post Wonkblog, citing data from a new National Bureau of Economic Research (NBER) paper on U.S. wealth inequality, which he says is based on tax data. “It’s been a lost 25 years for the bottom 90 percent, but a lost 15 for the next 9 percent, too. That’s right: altogether, the bottom 99 percent are worth less today than they were in 1998.”

Federal Reserve Board Chairwoman Janet Yellen delved deeper into the statistics at the Federal Reserve Bank of Boston Economic Conference on Inequality of Economic Opportunity last Friday.

The wealthiest five percent of American households held 54 percent of all wealth reported in the 1989 survey. Their share rose to 61 percent in 2010 and reached 63 percent in 2013,” she said. “By contrast, the rest of those in the top half of the wealth distribution ‒ families that in 2013 had a net worth between $81,000 and $1.9 million ‒ held 43 percent of wealth in 1989 and only 36 percent in 2013.”

“The extent and continuing increase in inequality in the United States greatly concern me,” she noted. “I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity.”

Karim Basta, chief economist at III Associates, praised the speech for focusing on a non-traditional topic for a Fed chair ‒ namely the outlook for the US economy or interest rates…




Posted in Big Banks, Bizarre, Financial Terrorism, Freak U.S.A, Living, Money, Politics, State Terrorism, Visions | 2 Comments