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Posted in [Gold], [Silver], [USD], [Inflation], [Currency Wars], [Depression], [Federal Reserve], [sound money debate], [Alternative Currency], [Hyperinflation], [Recession], [Stock Market], [Bond Market], [China], [Europe] By "The Elemental Economist" Jim Purnell reports on the astounding economic facts in America that seem to be overlooked but are worth taking note of:

#1 Back in 1960, social welfare benefits made up approximately 10 percent of all salaries and wages. In the year 2000, social welfare benefits made up approximately 21 percent of all salaries and wages. Today, social welfare benefits make up approximately 35 percent of all salaries and wages.

#3 The “working poor” is a group that is rapidly growing in this country. If you can believe it, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.

#5 The way that our economic system is structured today, almost all of the economic rewards go to the very top of the food chain. The following is how income gains in the United States were distributed during 2010….

-37 percent of all income gains went to the top 0.01 percent of all income earners

-56 percent of all income gains went to the rest of the top 1 percent

-7 percent of all income gains went to the bottom 99 percent

#6 Back in the 1970s, the top 1 percent of all income earners brought in about 8 percent of all income. Today, they bring in about 21 percent of all income.

#7 As the middle class shrinks, the number of “low income” and “poor” Americans is rapidly rising. Today, approximately 48 percent of all Americans are currently either considered to be “low income” or are living in poverty.

#11 Every year now, we see millions of Americans fall out of the middle class.  In 2010, 2.6 million more Americans descended into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

#14 The concentration of wealth at the very top of the food chain is astounding.  Right now, over 50 percent of all stocks and bonds are owned by just 1 percent of the U.S. population.

#15 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

#16 According to Forbes, the 400 wealthiest Americans now have more wealth than the bottom 150 million Americans combined.

#17 When the number of poor people rapidly expands in a society, that is a recipe for social unrest.  At this point, the poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

#18 The hidden tax of inflation is absolutely devastating middle class families all over America.  Since 1970, the U.S. dollar has lost more than 83 percent of its value.  Any dollars that middle class families try to save are constantly losing a little bit more value every single day.

#23 The average price of a gallon of gasoline in the United States has increased by more than 100 percent since Barack Obama became president.]

Now ask yourself this question: ‘Why am I not hearing about these statistics on the 5:00 news, or even the Nightly News w/ Brian Williams?’ The answer is because if the corporate media was to tell you these ugly economic facts you would no longer go along with the ‘we are in a recovery because Wall Street & the banks are making record profits, but don’t worry it will trickle down to main street soon enough’ BS story they have been brainwashing the nation with. If you were no longer buying into the ‘let us steal trillions of future tax dollars that you will be on the hook for so we can re-liquefy the banks balance sheets and let them continue to fund the $1.5 QUADRILLION derivatives market so they can make record profits’ you would begin to make arrangements to protect yourself. They don’t want you to realize the disaster that is at our door until the banks & Wall Street have conquered & pillaged every single dollar out of the markets they can get their hands on, then you can do what you want with your money.

Americans must understand that it is OUR MONEY that serves as the foundation of the federal reserve designed fractional reserve fiat banking system that funds the banks lending, equity trading, bond purchases, mortgage backed securities trading, credit default swap trading, Treasury purchases and foreign currency trading on a daily basis. In a fractional reserve system it is the depositors at the bank that trust the banks with their money who form the capital base from which the 10/1 (and sometimes as high as 50/1) leverage is applied and then used to fund trading activities in all things financial. What happens when these banks make a bad multi-billion bet that was leveraged upon the local citizens deposits? Well they have to cover the loss with real monies and often decide to become more aggressive in their next trade in order to try and recoup the prior trades losses. This can quickly become a dangerous game fueled by the ego’s of traders who have little to no moral compass as they are gambling with YOUR money, not theirs after all.

If US citizens were to become worried about the global currency war we are hopelessly locked in as well as the ‘top up’ economic benefit model that has materialized in America and decided to pull their money out of the banks, this would challenge the very system the banks exploit daily to make record profits. For this reason the media has a job to do and that job is to keep the herd of sheep calm so that the status quo may continue without suspicion or threat of defunding the trading systems they have mastered. Why do you think practically every commercial during the news hours are banks & Wall Street trading firms in between pharmaceutical giants selling erectile dysfunction meds only interrupted by the high end luxury car adds? Because they are targeting everyone who has money in the bank from the average citizen to the wealthy middle age and even retirees who might have a problem getting it up or need a new Mercedes Benz.

Wise up soon or run the risk of discovering the past three decades of ‘Prosperity’ were not real and the prosperity mirage was propped up by expansive credit bubbles and not real at all. This revelation will be realized by everyone at some point and when it happens it will cause a panic of the herd like never seen before. So do you process this information and proactively move away from the sinking ship or do you wait until the news channels tell you the sky is falling? Establish your ‘Plan B’ in physical gold & silver today and begin to participate in the sound money debate with alternative currencies. QE3 will be coming soon and the current inflation rate can morph into an uncontrollable monster that ushers in a depression the likes of which the world has never seen.

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