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Cross-posted from AmpedStatus.com
Editor’s Note: This is our first Middle Class Death Watch roundup. Building off of our extensive report on the financial destruction of the United States, this will be a regular feature moving forward. Here we present a collection of news reports from the past two weeks detailing the collapse of the middle class.
Overall Snapshot
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Cross-posted from AmpedStatus.com
Editor’s Note: The following post includes adapted excerpts from David DeGraw’s book, “The Road Through 2012: Revolution or World War III.” Release Date: 9.28.11
We have endured financial oppression for long enough. In a time of national crisis and shared sacrifice, the richest one-tenth of one percent of the population cannot continue on their merry way, living in obscene wealth and detached from reality, while the majority of the population desperately struggles to make ends meet. We are under attack, and it’s time to fight back.
I work over 60 hours a week and still barely make ends meet. Increased costs of living and thousands of dollars in medical bills have made me and my family move three times in the past three years to downsize and cut living expenses. I’m certainly not alone in this dire economic situation, tens of millions of Americans are fighting this daily war to keep their family fed and healthy with a roof over their head.
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Cross-posted from AmpedStatus.com
Finally, after trillions in fraudulent activity, trillions in bailouts, trillions in printed money, billions in political bribing and billions in bonuses, the criminal cartel members on Wall Street are beginning to get what they deserve. As the Eurozone is coming apart at the seams and as the US economy grinds to a halt, the financial elite are starting to turn on each other. The lawsuits are piling up fast. Here’s an extensive roundup:
As I reported last week:
Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, It’s A “Bloodbath” As Wall Street’s Crimes Blow Up In Their Face
Time to put your Big Bank shorts on! Get ready for a run… The chickens are coming home to roost… The Global Banking Cartel’s crimes are being exposed left & right… Prepare for Shock & Awe…
Well, well… here’s your Shock & Awe:
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Reality sings to the stock market:
“I’m gonna rock this land
I’m gonna take this itty-bitty world by storm
And I’m just getting warm…
Mama said knock you out
I’m going to knock you out…
Don’t call it a comeback!
I been here for years…”
Nouriel Roubini, aka Dr. Doom, has a new interview with Bloomberg in which he says there is a 60% chance of a double-dip recession.
[Note: Any talk of a "double-dip recession" is in reference to economic pain on Wall Street. Main Street has been in a non-stop spiraling recession/depression. So to say double-dip or that a recession is coming back is a delusional Wall Street view. In other words, don't call it a comeback, it has been bad for years.]
Tags: eco·Economic Predictions
Next week I will have a new report out on the riots that I believe will soon sweep across the US. I see the first phase of riots beginning along the lines seen in the video below, where people who are deeply impoverished look for the nearest person to attack or the nearest store to loot or vandalize. This will eventually lead to clashes with local law enforcement. Much like we have already seen in San Francisco and on a larger-scale in London. Throughout the US, we have also already seen the start of flash mobs, a trend I believe will continue to grow and occur more frequently. After this initial phase, I believe there will be more sophisticated rioting, crime and violence directed at banks, politicians, mega-wealthy individuals and rich gated-communities, as we have started to see sporadically throughout Greece, Germany, France and Italy.
Tags: Economic Justice
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