Recovery for the 7 Percent

Published on Activist Post, by Paul Craig Roberts, April 28, 2013.

“From the end of the recession in 2009 through 2011 (the last year for which Census Bureau wealth data are available), the 8 million households in the U.S. with a net worth above $836,033 saw their aggregate wealth rise by an estimated $5.6 trillion, while the 111 million households with a net worth at or below that level saw their aggregate wealth decline by an estimated $600 billion.” Pew Research, “An Uneven Recovery,” by Richard Fry and Paul Taylor.  

Since the recession was officially declared to be over in June 2009, I have assured readers that there has been no recovery. Gerald Celente, John Williams (shadowstats.com), and no doubt others have also made it clear that the alleged recovery is an artifact of an understated inflation rate that produces an image of real economic growth.

Now comes the Pew Research Center with its conclusion that the recession ended only for the top 7 percent of households that have substantial holdings of stocks and bonds. The other 93% of the American population is still in recession. (Source: A Rise in Wealth for the Wealthy, Declines for the Lower 93%, An Uneven Recovery, 2009-2011, on PewResearch, by Richard Fry and Paul Taylor, April 23, 2013) … //

… (full text).

Links:

Opposition Grows Fierce to Austerity Cuts in Portland, on Worker’s Action, by Mark Vorpahl, April 15, 2013;

Bundesbank Looks to Undermine Italy, on naked capitalism, by Delusional Economics, April 29, 2013;

Le pouvoir a déjà changé de mains: Les véritables maîtres du monde ne sont plus les gouvernements, mais les dirigeants de groupes multinationaux financiers ou industriels, et d’institutions internationales opaques (FMI, Banque mondiale, OCDE, OMC, banques centrales). Or ces dirigeants ne sont pas élus, malgré l’impact de leurs décisions sur la vie des populations …;

DOMMAGES COLLATÉRAUX: LA FACE CACHÉE D’UN TERRORISME D’ÉTAT, dans Global Relay, Sept 5, 2012;

RÉDUCTION DES INÉGALITÉS: Revenu garanti pour tous: quand la réalité devance l’utopie, dans basta, par Stanislas Jourdan, le 26 janvier 2012;

Le film: revenu de vie, sur YouTube search;

Projection-débat autour du film “Le revenu de base”,  dans Appel pour le revenu de vie, par Stanislas Jourdan, le premier février 2012;

Le revenu de base, un nouveau droit humain, 3.07 min, dans Allocation Universelle, (et aussi sur YouTube, mise en ligne par RevenudeBaseFR, le 22 mars 2013);

Grundeinkommen – ein Kulturimpuls, 98.46 min, am 3. Februar 2011 von Daniel Häni hochgeladen.

Comments are closed.