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A nice post by Leo Kolivakis over at Zero Hedge...
"Bill Totten sent me a very interesting article from David DeGraw published on Alternet, The Economic Elite Have Engineered an Extraordinary Coup, Threatening the Very Existence of the Middle Class:"
While the article is somewhat lengthy, it goes on to talk about this being a world wide phenomenon. Leo ends with this observation:
"I realize many of you will dismiss Mr. DeGraw's writings as socialist banter, but I will add that as far as I am concerned, the real master coup revolves around pensions and mutual funds. Many people have no clue where their pensions are being invested, who is profiting of the misfortune of others and what a racket mutual funds are charging exorbitant fees for mediocre results.
There is a financial coup going on right now across the world and while it may have started in the United States, the debt disease is spreading across the globe at the speed of light. Where and how will this all end? Can capitalism survive if wealth is increasingly being concentrated in the hands of an economic elite that shows no sense of civic and moral duty to the societies they inhabit?
Karl Marx may be dead and his theories debunked, but I have a sick feeling in my gut that down the road, his dire prediction that capitalism is destined to self-destruct will ultimately be proven right."
Full article here:
http://www.zerohedge.com/article/extraordinary-coup
"Bill Totten sent me a very interesting article from David DeGraw published on Alternet, The Economic Elite Have Engineered an Extraordinary Coup, Threatening the Very Existence of the Middle Class:"
While the article is somewhat lengthy, it goes on to talk about this being a world wide phenomenon. Leo ends with this observation:
"I realize many of you will dismiss Mr. DeGraw's writings as socialist banter, but I will add that as far as I am concerned, the real master coup revolves around pensions and mutual funds. Many people have no clue where their pensions are being invested, who is profiting of the misfortune of others and what a racket mutual funds are charging exorbitant fees for mediocre results.
There is a financial coup going on right now across the world and while it may have started in the United States, the debt disease is spreading across the globe at the speed of light. Where and how will this all end? Can capitalism survive if wealth is increasingly being concentrated in the hands of an economic elite that shows no sense of civic and moral duty to the societies they inhabit?
Karl Marx may be dead and his theories debunked, but I have a sick feeling in my gut that down the road, his dire prediction that capitalism is destined to self-destruct will ultimately be proven right."
Full article here:
http://www.zerohedge.com/article/extraordinary-coup
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