~from pikadilly~(Thanks to Flikr.com)

Hey FireDogs. Hope you’re off to a good start this Sunday morning.

Yesterday, I received an email update from an independent news source called AmpedStatus. Included in the update is a 27 page economic report titled “Analysis of Financial Terrorism in America”, replete with graphs. It is a MUST read. I have culled out some of the nuggets for you here, as well as an adapted excerpt from David DeGraw’s book, “The Road Through 2012: Revolution or World War III.”

The Economic Devastation :
1.) From 2005 – 2009 average US household wealth declined by 28% or $27K p/household.
2.) Currently at least 62 million Americans, 20% of US households have zero or negative net worth.

Record Breaking Poverty :
1.) 52,765,000 Americans, 17.3% of the population lived in poverty in 2009.
2.) A dramatic increase of over 9 million fellow citizens since only 2008.
3.) For children it’s much worse, 24% lived in poverty in 2009.

Record Breaking Food Insecurity :
1.) Currently in 2011, 45.8 million Americans rely on food stamps, up from 25.7 million in 2005.
2.) While Congress is cutting funding for the food stamp program.
     It is estimated that an increased total of 68.3 million will have need of them.

Record Breaking Unemployment :
{while Dakine1 keeps us well abreast of these numbers, this report shows its methodology}
1.) “Official” unemployment rate hovering around 9%.
2.) Actual unemployment rate = 22.5%, an all time record total of 34 million Americans.
3.) Labor force participation rate at a 27 year low of 63.9%.
4.) Currently an all time record 6.3 million Americans unemployed for over 6 months.
5.) Average time to find a job at an all time high of 40.4 weeks.
6.) Since August 2008 state & local governments have cut 577,000 jobs.
7.) The cuts in the “new deficit deal” will lead to 1.8 million   jobs lost.

Declining Income :
1.) From 1990 – 2010 the cost of living increased by 67%.
2.) IRS data shows that average American income fell by 6.1% in 2009.
3.) Average American income is estimated to have fallen even faster in 2010 & 2011
3.) Corporate CEO income increased by 28% for 2010.
4.) 1980 (the year Reagan was elected) – 2005 more than 80% of income increases went to the top 1%.

Dollar Vs. Gold
When comparing the value of the dollar to the value of gold, the dollar has lost a stunning 84% of its value since 2000. In 2000, gold was worth $279 per ounce, as of August 8, 2011, gold is $1,725 per ounce. In fact, the dollar continues to fall in value while gold continues to rise.

Tax Breaks For The Rich, Budget Cuts For The Rest Of Us :
1.) In 1995 the richest 400 plutocrats paid 30% of their income in taxes, they now pay only 18%.
2.) In 2009 1,470 plutocrats earned over $1 million and didn’t pay any taxes.
3.) In 1955 corporate tax accounted for 27.3% of federal revenue, in 2010 corporations paid only 8.9%.

The Death Toll :
1.) In 2000 875,000 deaths could be attributed to poverty and income inequality.
2.) In 2009 1,486,338 deaths could be attributed to poverty and income inequality.

From the Body of the report :

Other than driving large segments of the American population into poverty, and pushing the majority into massive debt and a state of financial desperation, there is an ever darker side to what is unfolding today. The Economic Elite have turned America into a modern day fascist state.

Fascism is a very powerful word which evokes many strong feelings. People may think that the term cannot be applied to modern day America. However, as Benito Mussolini once summed it up: “Fascism should more properly be called corporatism, since it is the merger of state and corporate power.” In the early 1900s, the Italians who invented the term fascism also described it as “estato corporativo,” meaning: the corporate state.

Very few Americans would argue the fact that corporations now control our government and have the dominant role in our society. Through a system of legalized bribery – campaign finance, lobbying and the revolving door between Washington and corporations – the most powerful global corporations dominate the legislative and political processes like never before. Senator Huey Long had it right when he warned: “When fascism comes to America, it will come in the form of democracy.”

As President Franklin D. Roosevelt once described fascism: “The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism — ownership of government by an individual, by a group, or any controlling private power.”

The most blatant modern example of this was the bailout of Wall Street, when the “too big to fail” banks got politicians to promptly hand out trillions of tax dollars in support and subsidies to the very people who caused the crisis, without any of them being held accountable.

“I believe that banking institutions are more dangerous to our liberties than standing armies.”
~Thomas Jefferson~

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Illegitimi non Carborundum

Stay Strong and try and take care of one another.

Robert Alexander Dumas

Robert Alexander Dumas