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Special Report | New Economic Perspectives: America Is In Terminal Decline.

 

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  • Greg Mannarino of TradersChoice.net says that our economy is in serious trouble and if there’s anyone out there peddling fiction to the American people … It’s President Barrack Obama … It's Hillary Clinton.
  • “People don’t even know what freaking bathroom to use under this President.”

Mac Slavo, SHTFplan.com

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http://evergreenedigest.org/sites/evergreenedigest.org/files/IMF%20Cuts%20US%20Growth%20Forecast%20Again%20illus.jpgOctober 4th, 2016 | Anyone who cannot see that the middle class is being systematically wiped out right now is absolutely blind… the dumbing down effect has been taking place here in the United States… People have no idea what they’re doing anymore… They don’t even know what freaking bathroom to use under this President…

The government is trying to overpower us… Someone out here is peddling fiction… It’s President Obama… It’s Hillary Clinton… Anyone else who is saying that this economy is doing good, well, they have an agenda and it’s not in your favor.

Mac Slavo is the Editor of SHTFPlan.com

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The Average Black Family Would Need 228 Years to Build the Wealth of a White Family Today

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Just as past public policies created the racial wealth gap, current policy widens it.

Joshua Holland, the Nation

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https://www.thenation.com/wp-content/uploads/2016/08/racial_wealthgap_rtr_img.jpg In line to attend the Dr. Martin Luther King Jr. career fair held by the New York State Department of Labor. (Reuters / Lucas Jackson)

August 8, 2016 | If current economic trends continue, the average black household will need 228 years to accumulate as much wealth as their white counterparts hold today. For the average Latino family, it will take 84 years. Absent significant policy interventions, or a seismic change in the American economy, people of color will never close the gap.

Those are the key findings of a new study of the racial wealth-gap released this week by the Institute for Policy Studies (IPS) and the Corporation For Economic Development (CFED). They looked at trends in household wealth from 1983 to 2013—a 30-year period that captured the rise of Reaganomics, expanded international trade and two major financial crashes fueled by bubbles in the tech sector and housing prices. The authors found that the average wealth of white households increased by 84 percent during those three decades, three times the gains African-American families saw and 1.2 times the rate of growth for Latino families.

To put that in perspective, the wealthiest Americans—members of the Forbes 400 list—saw their net worths increase by 736 percent during that period, on average.

Joshua Holland is a contributor to the Nation <https://www.thenation.com> and a fellow with The Nation Institute. He's also the host of Politics and Reality Radio.

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Special Report | How Long Can Economic Reality Be Ignored?

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  • Don’t expect the presstitutes, the politicians, or Wall Street to confront any of these questions.
  • When the crisis occurs, it will be blamed on Russia or China.

Paul Craig Roberts, paulcraigroberts.org

Submitted by Evergreene Digest Contributing Editor John P. Stoltenberg

 

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http://www.yourdictionary.com/images/articles/lg/2852.EconomicRecession.jpg   August 10, 2016 | Trump and Hitlery have come out with the obligatory “economic plans.” Neither them nor their advisors, have any idea about what really needs to be done, but this is of no concern to the media.

The presstitutes operate according to “pay and say.” They say what they are paid to say and that is whatever serves the corporations and the government. This means that the presstitutes like Hitlery’s economic plan and do not like Trump’s.

Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. Roberts' latest books are The Failure of Laissez Faire Capitalism and Economic Dissolution of the West, How America Was Lost, and The Neoconservative Threat to World Order.

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A new report rated countries on ‘sustainable development.’ The U.S. did horribly.

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For Jeffrey Sachs, the Columbia University economist and U.N. adviser, the poor score of the United States underscores that, while we’ve done exceedingly well economically, we’ve neglected the social and the environmental dimensions of progress — issues ranging from equality to ecosystem preservation.

Chris Mooney, Washington (DC) Post

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https://img.washingtonpost.com/wp-apps/imrs.php?src=https://img.washingtonpost.com/rf/image_960w/2010-2019/WashingtonPost/2015/09/25/Local-Enterprise/Images/2015-09-25T151615Z_01_NYK202_RTRIDSP_3_UN-ASSEMBLY.jpg&w=1484 Pope Francis addresses attendees in the opening ceremony to commence a plenary meeting of the United Nations Sustainable Development Summit 2015 at the United Nations headquarters in Manhattan, New York September 25, 2015. REUTERS/Andrew Kelly

July 21, 2016 | Last September, urged on by Pope Francis, the United Nations and its 193 member states embraced the most sweeping quest yet to, basically, save the world and everyone in it — dubbed the Sustainable Development Goals. It’s a global agenda to fix climate change, stop hunger, end poverty, extend health and access to jobs, and vastly more — all by 2030.

The goals comprise no less than 17 separate items and 169 “targets” within them. And this isn’t just an airy exercise — the targets are quite specific (“By 2030, progressively achieve and sustain income growth of the bottom 40 per cent of the population at a rate higher than the national average”). That means that at least in many cases, countries can actually be measured on how they’re faring in meeting these goals, based on a large range of sociological, economic and other indicators.

 

Chris Mooney writes about energy and the environment at The Washington Post. He previously worked at Mother Jones, where he wrote about science and the environment and hosted a weekly podcast. Chris spent a decade prior to that as a freelance writer, podcaster and speaker, with his work appearing in Wired, Harper’s, Slate, Legal Affairs, The Los Angeles Times, The Post and The Boston Globe, to name a few.

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http://evergreenedigest.org/sites/evergreenedigest.org/files/Earth%20Floating%20on%20the%20Sea.jpg Global Warming Threatens the Material Basis of the Global Economy, Tim Radford, Climate News Network  / TruthDig

 

Special Report | New Economic Perspectives: Economic Policy That Doesn't Confront the Rise in Inequality Head-On Will Do Nothing to Help the Vast Majority of American Families

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Using policy to shift economic power and make U.S. incomes grow fairer and faster. Boosting income growth for the bottom 90 percent requires a policy agenda that explicitly aims to halt or reverse the rise in inequality. Finding no relationship between rising inequality and faster growth means raising living standards for the bottom 90 percent can likely be better for overall growth.

Related: 35 soul-crushing facts about American income inequality

Josh Bivens, Economic Policy Institute

https://portside.org/sites/default/files/styles/large/public/field/image/inequality_cartoon.jpg?itok=KeWke_gvCartoon: John Darkow, Cagle Cartoons, Columbia (MO) Daily Tribune

June 9, 2016 | In Progressive redistribution without guilt, EPI Research and Policy Director Josh Bivens explains why income growth for the bottom 90 percent will continue to disappoint unless policymakers put fighting the rise of inequality at the top of their agenda. Bivens argues that the rise in inequality in recent decades has been essentially zero-sum, with gains at the top of the distribution coming almost directly from gains at the bottom and middle. The zero-sum character of the rise in inequality means that policies aimed at progressively redistributing income can benefit the vast majority of working people without harming overall economic growth.

The rise of inequality over recent decades has been largely driven by a host of discrete policy changes that have regressively redistributed income to those at the very top. Many of these policy changes were championed by claims that they would boost overall growth rates, but Bivens argues that they have clearly failed on that front. The outcome of these policy changes have been a steadily rising “inequality tax” that has stunted income growth for the bottom 90 percent of households relative to what the economy had to the potential to deliver.

Josh Bivens joined the Economic Policy Institute (EPI) in 2002 and is currently the director of research and policy. He has authored or co-authored three books (including The State of Working America, 12th Edition) while working at EPI, edited another, and has written numerous research papers, including for academic journals.

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35 soul-crushing facts about American income inequality, Larry SchwartzAlterNet  / Salon

The money given out in Wall Street bonuses last year was twice the amount all minimum-wage workers earned combined

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