Poverty Spikes In America … While the Government Throws Money at the Super-Elite

[redqueen]

Inequality – Both Economic and In Access to Liberty And Justice – Skyrockets to Historic Levels

AP reports that the U.S. is seeing the highest spike in poverty since the 1960s, and notes:

According to a report by the non-partisan Congressional Research Service late last year, “U.S. income distribution appears to be among the most unequal of all major industrialized countries and the United States appears to be among the nations experiencing the greatest increases in measures of income.”

...

The big banks literally own the Federal Reserve. And they own Washington D.C. politicians, lock stock and barrel. See this, this, this and this.

Two leading IMF officials, the former Vice President of the Dallas Federal Reserve, and the the head of the Federal Reserve Bank of Kansas City, Moody’s chief economist and many others have all said that the United States is controlled by an “oligarchy” or “oligopoly”, and the big banks and giant financial institutions are key players in that oligarchy.

...

http://www.ritholtz.com/blog/2013/04/poverty-spikes-in-america-while-the-government-throws-money-at-the-super-elite/

All the links point to other blog entries, but still.

[redqueen]

1. one self kick