(A Savage Commentary) When The Poor Serve No Need We Will Be Exterminated

When The Poor Serve No Need We Will Be Exterminated

 

Earlier I posted an article that came from the Government of China, the article was in several of their news outlets, the article stated that by the year 2027 in China’s Financial district alone that AI will cause the loss of 2.3 million jobs. Remember that their current President for life Mr. Xi Jinping is a devout follower of Chairman Mao. When Chairman Mao was in charge in China their country’s population was about one billion people and his policies were to let about half of the Nation starve to death. One of the main reason he gave was the Central Government’s inability to not only be able to control them but also their inability to feed them. The population of the United States and of Russia combined today is about 470 million people, Mao was speaking of letting 500 million of his own people starve to death. There are many reasons that China went to their ‘one child’ policies for several decades, these were two of their top reasons.

 

There are those in China and elsewhere in the world who will argue that these things could not happen today because we are now much more civilized and to this I have to say, O really. The United States is without a doubt a ‘surveillance State’ today, if you think otherwise you are being quite naive. There are good things about living in constant surveillance though, I have no doubt that the FBI, CIA, and the NSA have stopped quite a few attacks upon the American people because of their secretive work. Yet how much freedom do the people give up for the sake of being safer? The more a government knows, the more easily they can then totally control the lives of the people. When it comes to governing a Nation the main building block of their power is their ability to control the people. Lose control on the streets, they lose their grip on their power.

 

Now let’s get back to financials within a government. Unless you are oblivious to reality you should know that the tail that wags the dog, is money. Back in the mid 1970’s I worked in a Chrysler Assembly Plant in norther Illinois for just a couple of weeks (I couldn’t stand the thought of working on an assembly line putting cushions in-car seats for at least 37 years) so I quit. What I did notice was how many people worked on the different ‘lines’. As the cars went down the assembly line you had many people doing manual labor like spot welding and putting windshields into the car frames. Go there now, see how many jobs are still there and how many are being done by automation, the job loss is staggering. Even think of stores like Wal-Mart who are getting rid of their cashiers in favor of automation and self-checkouts. Now think about self driving cars, trucks and even trains. Even companies like Uber are killing the Taxi industry. What do all of these things have in common folks? Companies are trying to get rid of human employees and the reason is simple, more profits for the top end persons in these companies.

 

If you are old enough (I am 62) do you remember when we used to hear how technologies were going to allow the workers to only have to work 4 days a week because with technologies we could get 5 days work done in 4 days? Some people were foolish enough to think that their employer was going to pay you for 5 days work even though you only worked 4 days. Reality was that the employees still worked 5 days a week but the companies demanded 6 or 7 days of finished product in the 5 days, for no more pay. Then of course the companies could ‘let go’ some of their workforce because they didn’t need them anymore. The employment issue has just grown from there as more and more computers and machines have taken over jobs that humans used to do.

 

I have spoken of the world Stock Markets before, how I believe that they are nothing but a Ponzi scheme and a curse to the working class, the working poor who labor in these corporations who are on these ‘Markets.’ Some will argue that throughout the years that they have been buying and selling stocks and bonds that they have been able to amass a ‘nice little retirement fund’, yet in reality all of a persons profits that they have amassed over the past thirty years can easily be wiped out in one or two hours on this same ‘Market scheme.’ Little people like us working class folks at best get the crumbs that fall off of the ‘Boss Mans’ plate. We are no more than dogs licking their floor and their shoes. What takes you or I 30 years to amass the ‘connected’ make in one 5 minute transaction.

 

When there are lets say 4 billion working age poor people (ages 16-70) but there are only 2 billion actual jobs that need a humans hands to do, what will happen to the other 2 billion people, and all of their families, all of the children? The Republicans in the U.S Congress often refer to things like Social Security, Medicare, Medicaid, Food Stamps, Aid For Dependent Children, unemployment checks, VA Disability checks and even the VA itself as “entitlements” as “Welfare”, things that must be “defunded”, “stopped.” Why is this? The answer is simple, it takes away from the money that flows to the top end of the financial class. The Republicans say that they are the “Christian right” yet their actions are as anti-Christian as you can get in American politics. Do not get me wrong, I am no fan of the Democratic Party either with their platform of murdering babies (pro-abortion). Both ‘Parties’ are pure evil, they will both do everything that they can to make sure that the American people never get to have a viable 3rd or 4th political party and the reason is simple, that would take away from their power and they aren’t about to let that happen.

 

When there is not enough jobs for the poor people to do, not even slave labor jobs, who is going to house and feed these people if they can’t get an income? Is the top 1% going to just ‘give’ these people money from their bank accounts? When there is 7 billion people on the planet but only enough food or clean drinking water for 6 billion, who is going to get that food and clean water, the poorest of the poor people? Really? If you really think so, how naive you are my friend! In this new world that is on our doorstep, indeed kicking down our doors right now, you are either the lead dog, or you are daily looking up the lead dogs ass, drinking their piss for water and licking up their shit for food. In this regard, for the poor, this new world that we are all hurtling into, thousands, then millions, then billions of people will be fighting for a position behind these lead dogs just so they can stay alive. Those who refuse will not be fed and housed, we will be exterminated!

 

When The Poor Serve No Need We Will Be Exterminated

When The Poor Serve No Need We Will Be Exterminated

 

Earlier I posted an article that came from the Government of China, the article was in several of their news outlets, the article stated that by the year 2027 in China’s Financial district alone that AI will cause the loss of 2.3 million jobs. Remember that their current President for life Mr. Xi Jinping is a devout follower of Chairman Mao. When Chairman Mao was in charge in China their country’s population was about one billion people and his policies were to let about half of the Nation starve to death. One of the main reason he gave was the Central Government’s inability to not only be able to control them but also their inability to feed them. The population of the United States and of Russia combined today is about 470 million people, Mao was speaking of letting 500 million of his own people starve to death. There are many reasons that China went to their ‘one child’ policies for several decades, these were two of their top reasons.

 

There are those in China and elsewhere in the world who will argue that these things could not happen today because we are now much more civilized and to this I have to say, O really. The United States is without a doubt a ‘surveillance State’ today, if you think otherwise you are being quite naive. There are good things about living in constant surveillance though, I have no doubt that the FBI, CIA, and the NSA have stopped quite a few attacks upon the American people because of their secretive work. Yet how much freedom do the people give up for the sake of being safer? The more a government knows, the more easily they can then totally control the lives of the people. When it comes to governing a Nation the main building block of their power is their ability to control the people. Lose control on the streets, they lose their grip on their power.

 

Now let’s get back to financials within a government. Unless you are oblivious to reality you should know that the tail that wags the dog, is money. Back in the mid 1970’s I worked in a Chrysler Assembly Plant in norther Illinois for just a couple of weeks (I couldn’t stand the thought of working on an assembly line putting cushions in-car seats for at least 37 years) so I quit. What I did notice was how many people worked on the different ‘lines’. As the cars went down the assembly line you had many people doing manual labor like spot welding and putting windshields into the car frames. Go there now, see how many jobs are still there and how many are being done by automation, the job loss is staggering. Even think of stores like Wal-Mart who are getting rid of their cashiers in favor of automation and self-checkouts. Now think about self driving cars, trucks and even trains. Even companies like Uber are killing the Taxi industry. What do all of these things have in common folks? Companies are trying to get rid of human employees and the reason is simple, more profits for the top end persons in these companies.

 

If you are old enough (I am 62) do you remember when we used to hear how technologies were going to allow worker to only have to work 4 days a week because with technologies we could get 5 days work done in 4 days? Some people were foolish enough to think that their employer was going to pay you for 5 days work even though you only worked 4 days. Reality was that the employees still worked 5 days a week but the companies demanded 6 or 7 days of finished product in the 5 days, for no more pay. Then of course the companies could ‘let go’ some of their workforce because they didn’t need them anymore. The employment issue has just grown from there as more and more computers and machines have taken over jobs that humans used to do.

 

I have spoken of the world Stock Markets before, how I believe that they are nothing but a Ponzi scheme and a curse to the working class, the working poor who labor in these corporations who are on these ‘Markets.’ Some will argue that throughout the years that they have been buying and selling stocks and bonds that they have been able to amass a ‘nice little retirement fund’, yet in reality all of a persons profits that they have amassed over the past thirty years can easily be wiped out in one or two hours on this same ‘Market scheme.’ Little people like us working class folks at best get the crumbs that fall off of the ‘Boss Mans’ plate. We are no more than dogs licking their floor and their shoes. What takes you or I 30 years to amass the ‘connected’ make in one 5 minute transaction.

 

When there are lets say 4 billion working age poor people (ages 10-75) but there are only 2 billion actual jobs that need a humans hands to do, what will happen to the other 2 billion people, and all of their families, all of the children? The Republicans in the U.S Congress often refer to things like Social Security, Medicare, Medicaid, Food Stamps, Aid For Dependent Children, unemployment checks, VA Disability checks and even the VA itself as “entitlements” as “Welfare”, things that must be “defunded”, “stopped.” Why is this? The answer is simple, it takes away from the money that flows to the top end of the financial class. The Republicans say that they are the “Christian right” yet their actions are as anti-Christian as you can get in American politics. Do not get me wrong, I am no fan of the Democratic Party either with their platform of murdering babies (pro-abortion). Both ‘Parties’ are pure evil, they will both do everything that they can to make sure that the American people never get to have a viable 3rd or 4th political party and the reason is simple, that would take away from their power and they aren’t about to let that happen.

 

When there is not enough jobs for the poor people to do, not even slave labor jobs, who is going to house and feed these people if they can’t get an income? Is the top 1% going to just ‘give’ these people money from their bank accounts? When there is 7 billion people on the planet but only enough food or clean drinking water for 6 billion, who is going to get that food and clean water, the poorest of the poor people? Really? If you really think so, how naive you are my friend! In this new world that is on our doorstep, indeed kicking down our doors right now, you are either the lead dog, or you are daily looking up the lead dogs ass, drinking their piss for water and licking up their shit for food. In this regard, for the poor, this new world that we are all hurtling into, thousands, then millions, then billions of people will be fighting for a position behind these lead dogs just so they can stay alive. Those who refuse will not be fed and housed, we will be exterminated!

 

We All Have a Stake in the Stock Market, Right? Guess Again

(THIS ARTICLE IS COURTESY OF THE NEW YORK TIMES)

 

Photo

Wall Street’s volatility is merely a spectator event for most Americans, whose wealth is not held in stocks.CreditSam Hodgson for The New York Times

Take a deep breath and relax.

The riotous market swings that have whipped up frothy peaks of anxiety over the last week — bringing the major indexes down more than 10 percentfrom their peak — have virtually no impact on the income or wealth of most families. The reason: They own little or no stock.

A whopping 84 percent of all stocks owned by Americans belong to the wealthiest 10 percent of households. And that includes everyone’s stakes in pension plans, 401(k)’s and individual retirement accounts, as well as trust funds, mutual funds and college savings programs like 529 plans.

“For the vast majority of Americans, fluctuations in the stock market have relatively little effect on their wealth, or well-being, for that matter,” said Edward N. Wolff, an economist at New York University who recently published new research on the topic.

Both Republicans and Democrats have promoted the idea that a rising stock market broadly lifts Americans’ fortunes. When there was a parade of market rallies, President Trump asked, “How’s your 401(k) doing?”

There was a move toward democratizing stock ownership in the 1980s and 1990s, with the advent of individual retirement accounts, but the busts of 2001 and 2007 scared off some middle-class investors.

Continue reading the main story

Of course, any financial loss can be scary and painful. Indeed, the less you have, the more each dollar counts. And market gyrations could foreshadow deeper problems that signal the end of a nine-year boom and short-circuit the economic recovery.

But the day-to-day impact on most people’s overall wealth is minimal.

“It’s far from where you think that it would be, given the rhetoric,” said Ray Boshara, director of the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis.

A look at some fundamentals may provide a clearer perspective.

Stock ownership is the exception.

Roughly half of all households don’t have a cent invested in stocks, whether through a 401(k) account or shares in General Electric. That leaves half the population with some exposure to financial market whims, but as Mr. Boshara said, “some exposure can be 100 bucks.”

Continue reading the main story

Continue reading the main story

Who’s in the Market

Households with each type

of stock investment

Households’ stock

investment, by value

Stock as a share of

households’ total assets

50

%

50

%

50

%

Pensions

40

40

40

$5,000

or more

$10,000

or more

30

30

30

$25,000

or more

20

20

20

Direct holdings

Mutual funds

10

10

10

Trust funds

’89

’98

’07

’16

’89

’98

’07

’16

’89

’98

’07

’16

“If you look at where the money is really held, it’s among the top 10 percent,” he said. “And if you break it down by age, race and education and parental education, you’ll see the disparities are even larger.” Parents who lack a four-year degree and, later on, their children are much less likely to have a direct stake in the stock market than college graduates; blacks and Hispanics are much less likely than whites.

“It’s too bad such a small percentage of the population has any real or meaningful ownership stake in equities, given their historic and current growth,” Mr. Boshara said.

Most households had less than $5,000 in total holdings in 2016, the most recent year analyzed by Mr. Wolff. Despite the slow recovery in housing prices, the wealth of middle-class Americans is still concentrated in their homes, which remain their single most valuable asset.

For 9 out of 10 households, even a shift in value of 10 percent — enough to qualify as a “market correction” — would “at most, have a 1 or 2 percent impact on their wealth holdings,” Mr. Wolff said.

If anything, foreign multinational and other investors would feel more of a pinch, since they own 35 percent of all United States corporate stock, up from 10 percent in 1982. That share of the pie exceeds the single slice owned by taxable American shareholders, defined benefit plans, defined contribution plans, or nonprofit institutions, said Steven M. Rosenthal, a senior fellow at the nonpartisan Urban-Brookings Tax Policy Center.

Don’t confuse the Dow with the economy.

The stock market and the underlying economy are distinct. The two interact, but they do not proceed in lock step or even respond to each other in predictable ways. Certainly, market instability can undermine both consumer and business confidence and restrain spending and investment. And market bubbles, swelled by overextended borrowing, can explode, wreaking losses and stalling growth.

Still, valuations of assets and the country’s economic health — as determined by productivity, employment, investment, spending, housing values, production capacity, growth and more — are two different kettles.

The Stock Market Isn’t the Economy. Here’s How They Can Shape Each Other

Stock markets have recently fallen over fears that economic growth is too strong. Here’s why, and one way how steep, sustained sell-offs could end up hurting the economy.

“If all that happens is the stock market decreases or increases in value, but no real fundamentals change,” C. Eugene Steuerle, an economist at the Urban Institute who served in the Reagan administration, said, “then there are actually a lot of winners, not just losers.”

“Older people can buy less stock,” because the returns from their investment are smaller, Mr. Steuerle said, “but young people can buy more on the cheap,” which sets them up for bigger gains down the road.

Attention, discount shoppers,” Michelle Singletary, a personal financial columnist for The Washington Post, advised on Thursday. “The recent stock market dive is like a holiday weekend sale.”

The economy still seems solid.

When it come to evaluating the economy’s fundamentals, assessments come in a Revlon rack of shades. Economists warn that mounting debt, as a result of the costly $1.5 trillion tax package, threatens economic stability over the longer run, as private investment is crowded out and interest payments balloon. Productivity growth is anemic and labor participation rates are low by historical standards.

Still, the signs of strength — at least for the next couple of years — are impressive.

Unemployment is near record lows, total output is rising at a faster rate, bond yields are up, oil prices have increased, and consumer and business confidence remain high. Every major economy around the world is growing in concert, simultaneously propelling and reinforcing a positive cycle.

After all, one of those indicators — a January jobs report that showed healthy payroll expansion and a jump in yearly wage growth — is what help set off the stock market tumult last Friday.