Thursday, September 24, 2009

Income Inequality Growing

A big hat tip to Charles Hugh Smith For the above graph. His article is well worth the read.

If that graph does not scare the SH*% out of you, here is why it should.
Note that the last extreme of inequality was reached just before the Great Crash of 1929. From 1929-1932 JPMorgan increased their ownership of American businesses three-fold, as did many other large financial institutions. These guys have a blueprint to follow, and are unafraid of PCA (prompt corrective action), from the government, as their campaign contributions and lobbyists have bought them refuge from the law of this great land.

(Editor's note) To all who have read my blog, I thank you. I will be returning to regular reports soon. On April 2, I suffered a massive stroke, but I am OK, being released from all therapies, as I beat all of the established goals. I regretfully must report that my beloved wife, Erica, is now in the arms of the Lord, and I am confident he/she has removed the ravages of the disease which consumed her. To all who are personal friends, my son and I wish to thank you for all the love and support over the last 18 months, it has helped us in ways immeasurable.

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