DanielFarash.com - American Debt by Daniel Farash, economy

Over the last five years I’ve devoted much of my time to understanding American organized crime. My conclusion based on years of factual research is that Wall Street, Big Business and the international investment system comprise a multi-trillion dollar a year criminal enterprise.

Americans of the various working classes should control several hundred trillion dollars of net worth. However, this sector which represents 99% of the country is in debt to the tune of 50 trillion dollars.

This was not the case 30 years ago; in the early 80’s the Federal Government deregulated big business. In doing so over time the Federal Government naively became lap dogs for big business and Wall Street. Over time, the Federal Government has become a rubber stamp for big business and Wall Street.

In this century there has been a misdirection of wealth from the hands of the people who earned it into the hands of people who are stealing it; many of these individuals are there to protect your savings and retirement. Congress receives many perks from Wall Street such as campaign contributions and other sweet offerings. It’s no surprise that Congress cannot pass imperative regulations safeguarding consumers from hedge funds and other investment cancers.

That said, for most of the populace saving money is impossible and therefore this is irrelevant.

While Exxon earned 40 billion dollars a year in profits, minimum wage did not move for 10 years. Most Americans are grossly underpaid, whereby families, even with two parents working, can only stay afloat through debt instruments. These include credit cards, auto leases and second mortgages. Corporate America has all but thrown its work force to the curb. Employees have lost crucial benefits and proper wages so that Big business can “meet their numbers for the street.” Corporate America has lost its sanity and needs to realize that at this time profit cannot be held above all else in importance. Over the last thirty years we've come the the point where both parents are required to work to hit their nut, rooting an ethical and psychological breakdown in more recent generations. Who is raising our youth?


projectmillenniumthree.org US Debt Clock M Hodges US public debt - Wikipedia Brillig	Over the last five years I’ve devoted much of my time to understanding American organized crime. My conclusion based on years of factual research is that Wall Street, Big Business and the international investment system comprise a multi-trillion dollar a year criminal enterprise. Americans of the various working classes should control several hundred trillion dollars of net worth. However, this sector which represents 99% of the country is in debt to the tune of 50 trillion dollars. This was not the case 30 years ago; in the early 80’s the Federal Government deregulated big business. In doing so over time the Federal Government naively became lap dogs for big business and Wall Street. Over time, the Federal Government has become a rubber stamp for big business and Wall Street. In this century there has been a misdirection of wealth from the hands of the people who earned it into the hands of people who are stealing it; many of these individuals are there to protect your savings and retirement. Congress receives many perks from Wall Street such as campaign contributions and other sweet offerings. It’s no surprise that Congress cannot pass imperative regulations safeguarding consumers from hedge funds and other investment cancers. That said, for most of the populace saving money is impossible and therefore this is irrelevant. While Exxon earned 40 billion dollars a year in profits, minimum wage did not move for 10 years. Most Americans are grossly underpaid, whereby families, even with two parents working, can only stay afloat through debt instruments. These include credit cards, auto leases and second mortgages. Corporate America has all but thrown its work force to the curb. Employees have lost crucial benefits and proper wages so that Big business can “meet their numbers for the street.” Corporate America has lost its sanity and needs to realize that at this time profit cannot be held above all else in importance. Over the last thirty years we've come the the point where both parents are required to work to hit their nut, rooting an ethical and psychological breakdown in more recent generations. Who is raising our youth?	In the last ten years I’ve interviewed, possibly, as many as a thousand people. These dialogues led me to name the last four generations: Generation Wacko Jacko, Generation MTV, and Generation Meltdown. The degree of suffering and hopelessness is swelling annually and the term ‘upward mobility’ which once was the norm for describing the American way of life, has been completely eradicated. This is occurring in a time when machines and technology were invented that should decrease the amount of work individuals have to do. However, only a very small group of people are benefiting from these amazing technological improvements. Why aren’t these immense improvements shared equitably or even modestly? This is not a conspiracy. It is criminal and negative momentum that has gone mad over thirty years. In New York, the Mayor is worth 19 billion, yet judges in New York State have not had a raise in approximately 11 years. What does a man do with 19 Billion dollars? How can you enjoy this money when so many humans are in anguish? It is impossible to determine what the privileged community is worth in this country, though we estimate that the number could be 300 trillion dollars or more. Much of the money belongs to citizens you have never heard of. Forbes publishes an annual directory of the richest 400 Americans. It really is a list of the nouveau riche in America, because old money wouldn’t put themselves out there like that. On the Forbes list you now have hedge fund billionaires. What does a hedge fund even do? Simply stated it steals peoples’ savings. The Security and Exchange Commission, the regulators of your savings have become ineffectual and should be replaced with a new Federal Agency that is truthful, efficient and has Executive mandate. Though 20 years behind the curve, the Federal Government is finally beginning to understand that there is an immense crisis. They were simply naïve in the past or they did not understand how to handle this disaster. Which is fine, let me handle it. How there has not been civil insurrection in this Country is a symptom of a Empire disintegrating.