Economy, Income, Home Prices: Q&A #3

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Here are even more questions raised to me from the article Economy, Income, Home Prices…  < click here to read that article >

Some earlier questions on this article can be found at:

 

Send me whatever additional question you might have. I will do my best to share my opinion…for whatever that is worth.

Is this intentional?

Yes. Destroy the family through economics…it’s the easiest way to do it. Financial and economic stress leads to, or an underlying cause of, virtually all the major causes of divorce.

But it doesn’t end there or start there. We know that the government and society have been at war with religion for a long time. The US government gave churches a “charity” status to allow church member donations to be tax deductible from federal income taxes. But, the trade-off was…the same federal government outlawed churches from speaking about politics from the pulpit. The 1913 Federal Income Tax amendment was an “anti-religion” weapon.

Destroy religion and then destroy the family…what is left that is greater, or has greater power, than the federal government. And who runs the federal government…people with lots of money or the average citizen? And where has the US wealth been transferred to and from over the last 55 years?

Has this happened before?

Oh, hell yes!

Look back at the middle ages…the feudal system. The ruling elite were the nobles; kings, earls, dukes, etc. They owned everything; primarily the land. The people lived on the monarchs’ land; and for that privilege they paid the monarch almost all of the money (or tangible equivalent) raised or grown for that privilege. If they didn’t pay, they were evicted or sent to prison.

But, here is the interesting thing…monarchs needed money, cash money. Normally that need focused around their desire to wage war or some large scale building project. Rarely did they have all the money they needed, so who did they turn to? Banks. Yup, banks came into existence about 2000BC. And back then, just like today, the rich people owned and controlled the banks. So essentially, to a great degree, banks (the rich) controlled, or at least greatly influenced, kingdoms (i.e. governments) all the way throughout history.

Sound familiar?

Today governments essentially own all the land on which the average person lives. And for the privilege of living on that land they pay taxes…property taxes. Fail to pay those property taxes and the true landowner (government) will seize it, evict the family from that land, and sell it to someone else.

And for the privilege of having a job and earning money, people have to pay the government…it’s called income taxes. Sometimes at the federal, state, and city levels of government. Fail to pay those taxes long enough…yup, you end up having all your possessions seized and you just might end up in prison on top of that.

So it has happened for thousands of years and isn’t much changed in today’s world.

Who owned the wealth in the country back when this all started, has it changed much?

1900 – Less than 1% of the US families owned 50% of the US wealth. That equates to about 4,000 families owned as much as the other 12 millions families.

1940 – Up until 1940 there was the growth of the “middle-class”, and wealth began to be more evenly distributed in the US. Example: by 1913 the top .1% of the US population owned about 22% of all US wealth. And that % of wealth dropped significantly until when? Yup, the start of WW2…it then leveled off at about 10% of the US wealth owned by the top .1% of the wealthiest in the US.

1960 – In the 1960’s the wealth again began to be even more evenly distributed with the top .1% ownership dropping to about 7% in the early 1970’s. By the about 2013 it had virtually returned to the 1913 levels of wealthy/richest folks owning just under 25% of all US wealth.

So why the turnaround in the 1970’s? President Richard Nixon (globalist) officially took the US currency off the gold standard and created the global economy and brought China into their rise as the premier growing world economy.

Today the top 1% of US families own over 30% of the US wealth, the bottom 50% of the American population own just 2.5% of the wealth in the US.

As a small side-note…what happened just before 1940? WW2. What happened in the early 1960’s? Vietnam War. Interesting, coincidence, random events, or something else to reduce the more even distribution of wealth in the US?

What is their endgame?

That’s a simple one, I am surprised you don’t already know. Then again, maybe you just want me to confirm what you already know.

The endgame is complete control over people. If people are completely controlled then all their effort is geared towards rewarding the government and transferring wealth from the people to the ruling elite. And the government is controlled by the ruling elite. And who is the “ruling elite”? The ultra wealthy. It is a vicious cycle. The wealthy have the most control; the more wealth they acquire, the more power they can wield. It is a matter of “lust” for wealth and power. It is an age old story…just review history…it doesn’t change…they same story over and over again.

Try this…read the above paragraph again…this time, substitute the word “manipulation” instead of “control”.

For more information on this topic < click to read >

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