Blind-Rage-Mr.Fish

CHRIS HEDGES: THE TREASON OF THE RULING CLASS

How long can you expect people to watch their children go hungry? How long can you expect people to watch their loved ones suffer and die because they can’t get medical care? How long can you expect people to be abused by lawless police and a court system designed to railroad the poor into jails and prisons? How long can you watch the rich profit from your misery?
The longer the ruling elites refuse to address the root causes behind these protests, the more they loot the treasury to enrich themselves and their fellow oligarchs, the more they engage in futile and absurd efforts to deflect blame, the more unrest will spread. The last desperate resort by the oligarchs to save themselves will be to stoke the fires of racialized violence between disenfranchised whites and disenfranchised people of color. This, I fear, is the next chapter in this saga. I saw this tactic used to deadly effect in the former Yugoslavia. These are dark times. They are about to get darker.

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Media Elite Denounce Looting Even as Billionaires Reap Record Profits from Taxpayer-Funded Bailouts

Media Elite Denounce Looting Even as Billionaires Reap Record Profits from Taxpayer-Funded Bailouts

Report from the Institute for Policy Studies (IPS) reveals that the looting in Minneapolis pales into insignificance compared with the enormous wealth American’s billionaire class has managed to accrue during the pandemic. In the ten weeks since the nationwide lockdown first began, the group calculates that billionaires have increased their wealth by $485 billion – equal to 16.5 percent. This half-trillion-dollar rise, for Chuck Collins, Director of the IPS’ Program on Inequality and the Common Good, is something close to looting the whole economy.
Some of the biggest winners in the last few weeks, according to the IPS, include Amazon CEO Jeff Bezos (up over $34 billion in two months), Facebook co-founder Mark Zuckerberg (up over $25 billion) and Microsoft’s Bill Gates, who increased his already enormous fortune by $8 billion. Meanwhile, Elon Musk, whose California Tesla car plant was closed for months, has seen his net worth increase by almost 50 percent, to over $36 billion. Even in the last week, America’s billionaires’ fortunes have increased by $50 billion.
At the same time, unemployment has surged to over 40 million, and food banks across the country are inundated with customers desperate for anything they can get. Around one third of renters in the United States failed to pay their rent in April and May.

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Corona Pandemic Enriching the Billionaires

Study: Coronavirus Has Been a Massive Boon for America’s Billionaires

A new study found that in the past eight weeks alone, the country’s super wealthy have added a further $368.8 billion to their already enormous fortunes. All this comes at the same time that the economy has undeniably imploded for working people. A record 36 million Americans have filed for unemployment insurance, with millions more losing their employer-based healthcare plans, and around a third of the country not paying its rent. Of course, the money is not coming from nowhere. It is certainly not coming from billionaires’ hard work. It is coming from us: from our pockets and those of the global poor, who will be forced to pay for the virus and the huge tax cuts later. The fact that billionaires’ wealth is rising so rapidly in a period of economic collapse is a sign that the rich’s wealth is barely even connected to productive forces anymore and has more to do with how much wealth one can take from public coffers.

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The Fed Is Lying To Us

Things are now serious. Here in late 2019, both the Federal Reserve and the ECB are now both easing again – or back to ‘fraudulent money printing’. A fraud is meant to deceive while removing something of value from one or more parties.
When printing money, the central banks say they are doing it to protect the economy, jobs and the financial system.
But what’s actually happening is that wealth is flowing like a raging river towards a select few individuals and corporations.
It’s critical to understand that the central banks cannot print up prosperity. All they can do, being redistributive organizations, is take purchasing power away from one side and hand it to another. So the key question to be asking now is: Who’s winning and who’s losing? Well, here in the US, we already know that it’s the tippy-top 0.1% that is doing almost all of the ‘winning.’ The next 0.9% are doing pretty well, too. But by the time we get just slightly below the top 10%, we run out of “winners”.

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