smacdon's Channel

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2:53

1 day ago

Beyblade Metal Fusion Battle: Me vs. My Brother

Was very fun

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2 days ago

Dramatic Greenland Ice Melt

Scientists capture dramatic footage of Arctic glaciers melting in hours

Scientists have captured dramatic footage of massive lakes in the Arctic me...

ClimateProgressWorld • 570 views

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armageddon

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After Armageddon 10

History Channel, After Armageddon .. 2/9

History Channel, After Armageddon .. 3/9

History Channel, After Armageddon .. 4/9

History Channel, After Armageddon .. 5/9

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History Channel, After Armageddon .. 8/9

History Channel, After Armageddon ... 9/9
8:45

2 days ago

Introduction to Homemade House Cleaning Products

An introduction to the philosophy and materials for making your own house cleaning products, free of materials that are harmful to your family and ...

preservingabundance • 336 views

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hope

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Trading Yesterday - One Day (MTT Version)
1 week ago
hawking paradox

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The Hawking Paradox (Part 5)
1 week ago
balls

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Creed Higher

Creed - With Arms Wide Open

evanescence - good enough (HD)

Kings of leon - I want you

My Sacrifice - Creed

One Thing By Finger Eleven

Staind - Tangled up in you

The Script - I'm Yours
2 weeks ago
quantum

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Biotech Revolution 1 of 6

Biotech Revolution 3 of 6

Biotech Revolution 4 of 6

Biotech Revolution 5 of 6

Biotech Revolution 6 of 6

Intelligence Revolution 5 of 6

Intelligence Revolution 6 of 6

Physics Of The Impossible A New Solar System Part 1

Physics Of The Impossible A New Solar System Part 2
3 weeks ago
scotland 2

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A History Of Scotland - Episode 4 - Language Is Power (3/6)

A History Of Scotland - Episode 4 - Language Is Power (4/6)

A History Of Scotland - Episode 4 - Language Is Power (5/6)

A History Of Scotland - Episode 4 - Language Is Power (6/6)

A History Of Scotland - Episode 5 - Project Britain (1/6)

A History Of Scotland - Episode 5 - Project Britain (2/6)

A History Of Scotland - Episode 5 - Project Britain (3/6)

A History Of Scotland - Episode 5 - Project Britain (5/6)

A History Of Scotland - Episode 5 - Project Britain (6/6)
3 weeks ago
SCOTLAND!

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A History of Scotland - Episode 2 - Hammers of the Scots (6/6)

About Channels are Confining

A broad spectrum of thoughts and colors

johnpilger.com/

Created by

smacdon

Latest Activity

Mar 3, 2012

Date Joined

Jun 28, 2006

About this user

Presently over 84% of the wealth of the country is controlled by the top 20% of the population as reported by TYT.

Some economists are starting to think it may have been income inequality that lead to the financial crisis. Some interesting graphs by some of them: Paul Krugman's and David Moss both sourced to the Harvard Business School. (See Slate Article)

In 2004 the SEATTLE POST-INTELLIGENCER reported:
The wealthiest 20 percent of households in 1973 accounted for 44 percent of total U.S. income, according to the Census Bureau. Their share jumped to 50 percent in 2002, while everyone else's fell. For the bottom fifth, the share dropped from 4.2 percent to 3.5 percent.

Back in 2007 the NY Times reported:
The analysis by the two professors showed that the top 10 percent of Americans collected 48.5 percent of all reported income in 2005.

That is an increase of more than 2 percentage points over the previous year and up from roughly 33 percent in the late 1970s. The peak for this group was 49.3 percent in 1928.
The top 1 percent received 21.8 percent of all reported income in 2005, up significantly from 19.8 percent the year before and more than double their share of income in 1980. The peak was in 1928, when the top 1 percent reported 23.9 percent of all income.

Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928, analysis of newly released tax data shows.

If the differences that snapped the economy are now even higher than 1928 where does that leave the economy? The higher the greater fall? Yikes!

As more income and wealth is drawn into the top scales of the country less is available to circulate and stimulate growth and productivity.

If by some miracle they (i.e. DEM) stop the tax reaks for the top 20 or even the top 10 then there might be a chance to stop whatever stresses these differences could SNAP!

There are remarkable correlations between bank failures (and financial crises), financial regulation/deregulation, and income inequality across U.S. history.
Bank failures and financial crises were common in the U.S. until 1933. Then federal financial regulation was dramatically strengthened (starting in 1933). Bank failures and financial crises virtually disappeared after that, for nearly 50 years, but reappeared after financial deregulation commenced beginning in the 1980s.*
Income inequality followed a remarkably similar pattern: rising in the lead up to the Great Depression, falling sharply after that, remaining at a historically low level from the 1940s through the 1970s, and then rising sharply after that.
It is also striking that the two peaks in inequality occurred in 1928 and 2007 --in each case immediately before a major financial crisis.
Of course, correlation is not causation. We do not yet know if there are meaningful connections between financial crises, financial regulation or deregulation, and income inequality. But the patterns across American history are sufficiently striking that further investigation of possible connections seems merited.

The Freedom Riders: New Documentary Recounts Historic 1961 Effort to Challenge Segregated Bus System in the Deep South

All wars, past and present, are wars against children. (Howard Zinn)
Why is the far right so opposed to Health Care?
Because with socialized medicine alot of people would have access to mental health services to resolve personal crisis that are presently taken advantage by the christian right/hate groups in the US.

http://fora.tv/2009/09/29/Republican_Gomorrah_Max_Blumenthal#chapter_14

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China's currency is artificially low by buying more and more US treasure Bonds. That then loans money to the US so they can buy more bonds to keep their currency low.

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