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In reply to the discussion: Weekly Address: America’s Resurgence is Real [View all]proverbialwisdom
(4,959 posts)11. These tell a totally different story. I happened to come across both today.
http://www.nytimes.com/2014/12/19/opinion/your-waitress-your-professor.html
The Opinion Pages | OP-ED CONTRIBUTOR
Your Waitress, Your Professor
By BRITTANY BRONSON
DEC. 18, 2014
504 comments
The Opinion Pages | OP-ED CONTRIBUTOR
Your Waitress, Your Professor
By BRITTANY BRONSON
DEC. 18, 2014
504 comments
http://therealnews.com/idirect.php?i=11839
Colonel Lawrence Wilkerson on TRNN
October 3, 2014
TRANSCRIPT EXCERPT
Colonel Lawrence Wilkerson on TRNN
October 3, 2014
TRANSCRIPT EXCERPT
WILKERSON: No, it's not. The real economy in this country, though, has shrunken so dramatically since World War II--I show the stats to my students, and I usually use the CIA stats. I can't remember them precisely right now, but I can give you general idea. In 1945, we were about, oh, 25 percent or so services and about 60 percent or so what was called heavy, medium, or light industry, manufacturing mostly. It's completely the opposite today. It's about 11 to 12 percent manufacturing, and the latest stat--and this is a precise number from the CIA--76 percent services. So you don't have the same real economy, if you will, and you don't have the same GDP reflective of that real economy. And that's a very different economy to wage war under than the one we had when we entered World War II, for example. Very different. And you could say in some respects this shadow behind the power that makes money off war, period, no matter who's the belligerent, makes money off that volatility now, especially with computers that are able to assist them in doing so, like currency manipulation, for example, or just general speculation. With computers you can do it at lightning speed and you can do it in a nanosecond, and you can make billions in that nanosecond, and you don't care about what you're doing to the real economy, because you're raking in the dough.
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Too bad that 80% of Americans will be told the opposite by the talking heads they listen to.
loudsue
Dec 2014
#1
I understand that median income is below what it was in 1989 and that despite this,
NewDeal_Dem
Dec 2014
#7
Thanks for the explanation. (A new reality show should be coming out on the 1% Hoarders).
appalachiablue
Dec 2014
#13
We can only wish. Or momentary stability came from flooding the Stock Market with Trillions of doll
newthinking
Dec 2014
#9
I think the figure is 47 million children in poverty in the US, awful as that is. Bernie Sanders
appalachiablue
Dec 2014
#14
These tell a totally different story. I happened to come across both today.
proverbialwisdom
Dec 2014
#11