Friday 2 September 2011

TODAY'S HOLOCAUST

This car is a Maybach costing $1 million. Rush Limbaugh, who has 5 homes in Palm Beach, owns six Maybachs. (richest 400 people)



According to a study by the firm Deloitte, the rich elite in the USA now have $38.6 trillion.



In addition, they have an estimated $6.3 trillion hidden in offshore accounts.



So, the top 0.1% of the US population have $46 trillion in wealth.



(Analysis of Financial Terrorism in America.)



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Photo by spencerscomet



David DeGraw has written "Who Really Rules: America's Hidden Oligarchs Revealed"



According to McGraw:



1. Deloitte reckons that the rich elite will have over $100 trillion within the next ten years.



2. The richest 1% of the US population have more wealth than 90% of the population combined.



3. According to an investment manager (an analysis):



"Most of the serious economic damage the US is struggling with today was done by the top 0.1% and they benefited greatly from it….



"For example, in Q1 of 2011, America’s top corporations reported 31% profit growth and a 31% reduction in taxes, the latter due to profit outsourcing to low tax rate countries….



"The year 2010 was a record year for compensation on Wall Street, while corporate CEO compensation rose by over 30%.…



"In 2010 a dozen major companies, including GE, Verizon, Boeing, Wells Fargo, and Fed Ex paid US tax rates between -0.7% and -9.2%.



"Production, employment, profits, and taxes have all been outsourced….





"A highly complex and largely discrete set of laws and exemptions from laws has been put in place by those in the uppermost reaches of the US financial system.



"It allows them to protect and increase their wealth and significantly affect the US political and legislative processes...



"The American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping for better and prevents social and political instability.



"The odds of getting into that top 0.5% are very slim and the door is kept firmly shut by those within it."



4. Here are some of the rich elite:



Former Goldman Sachs CEO and Bush Treasury Secretary Hank Paulson.



Current Goldman Sachs CEO Lloyd Blankfein.



Goldman’s President Gary Cohn.



Citigroup CEO Vikram Pandit.



JP Morgan Chase CEO Jamie Dimon.



H. Edward Hanway, former chief executive of Cigna (Health Insurance)



Ron Williams of Aetna Inc. (Health Insurance)



There are also the bosses of the companies involved with oil and war.



5. In 1995, the richest 400 Americans paid 30% of their income in taxes.



In 2011, they now pay only 18%.



1,470 Americans earned over $1 million in 2009 and didn’t pay any taxes.



6. Che Guevara said:



"The amount of poverty and suffering required for the emergence of a Rockefeller, and the amount of depravity that the accumulation of a fortune of such magnitude entails, are left out of the picture, and it is not always possible to make the people in general see this."



We have a Neo-Feudal-Fascist state.



The global economic top one-tenth of one percent, are genocidal fascists carrying out a holocaust.



Fascism has evolved.



There is no need to get blood on your hands while rounding up people and putting them into concentration camps when you can do it through economic policy while sitting in a jacuzzi on a corporate jet, or in a three-piece custom-made Armani, completely detached and insulated from the world in which you plunder.



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