{"id":7226,"date":"2015-04-11T06:42:02","date_gmt":"2015-04-11T11:42:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=7226"},"modified":"2015-04-11T06:42:02","modified_gmt":"2015-04-11T11:42:02","slug":"portrait-of-the-american-oligarchy-the-very-troubling-income-and-wealth-trends-since-1989","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=7226","title":{"rendered":"Portrait of the American Oligarchy \u2013 The Very Troubling Income and Wealth Trends Since 1989"},"content":{"rendered":"<h3 class=\"post-title\"><a href=\"http:\/\/libertyblitzkrieg.com\/2015\/04\/10\/portrait-of-the-american-oligarchy-the-very-troubling-income-and-wealth-trends-since-1989\/\" target=\"_blank\">Portrait of the American Oligarchy \u2013 The Very Troubling Income and Wealth Trends Since 1989<\/a><\/h3>\n<p>One of the primary purposes of\u00a0<a href=\"http:\/\/libertyblitzkrieg.com\/\">Liberty Blitzkrieg<\/a>\u00a0is to dispel the myth that America is politically a democracy and economically a free market, and prove that it is in fact a centrally planned oligarchy. If the people were well\u00a0aware of this and fine with it, that\u2019s one thing, but my contention is that the vast majority of the public is merely buying into the myth. This is why the population is so passive and easily controlled. They simply don\u2019t understand what is happening to them. The proverbial frog slowing boiling to death.<\/p>\n<p>Whenever I note that\u00a0real median incomes in America haven\u2019t\u00a0increased for decades,\u00a0many\u00a0people have a hard time believing it. Nevertheless, as John Adams famously proclaimed: \u201cfacts are stubborn things.\u201d Indeed they are, and an\u00a0<a href=\"http:\/\/www.bloombergview.com\/articles\/2015-04-10\/the-u-s-middle-class-poorer-than-you-think\">article published today by\u00a0<em>Bloomberg View\u00a0<\/em><\/a>provides some\u00a0disturbingly\u00a0stubborn facts that must be admitted to and faced. We learn that:<\/p>\n<blockquote><p><strong><em>If you worry about the declining fortunes of the U.S. middle class, take heed: It might be worse than you realized.<\/em><\/strong><\/p>\n<p><em>Tracking the middle class can be difficult, because the group is hard to define. Typically, researchers look at households with incomes or net worth in the middle of the entire population. This approach, though, might provide a falsely rosy picture.<\/em><\/p>\n<p><em>Two economists at the Federal Reserve Bank of St. Louis \u2014 William Emmons and Bryan Noeth \u2014\u00a0<a href=\"https:\/\/www.stlouisfed.org\/publications\/in-the-balance\/issue11-2015\/the-middle-class-may-be-under-more-pressure-than-you-think#endnotes\" data-web-url=\"https:\/\/www.stlouisfed.org\/publications\/in-the-balance\/issue11-2015\/the-middle-class-may-be-under-more-pressure-than-you-think#endnotes\">sought\u00a0<\/a>to address this shortcoming by focusing on households\u2019 demographic characteristics, rather than income or wealth. Specifically, they looked at families whose breadwinner was at least 40 years old and had achieved a level of education that would typically allow a middle-class standard of living.\u00a0Whites and Asians needed exactly a high-school diploma to qualify. For blacks and Hispanics, it took a two-year or four-year college degree \u2014 a stark recognition of persistent racial inequality.<\/em><\/p><\/blockquote>\n<div>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Portrait of the American Oligarchy \u2013 The Very Troubling Income and Wealth Trends Since 1989 One of the primary purposes of\u00a0Liberty Blitzkrieg\u00a0is to dispel the myth that America is politically a democracy and economically a free market, and prove that it is in fact a centrally planned oligarchy. If the people were well\u00a0aware of this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[204,2384,4727,2128,4285,599,1092,1302,827],"class_list":["post-7226","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-democracy","tag-elite","tag-financial-elite","tag-free-market","tag-liberty-blitzkrieg","tag-oligarchs","tag-oligarchy","tag-status-quo","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7226"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7226\/revisions"}],"predecessor-version":[{"id":7227,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7226\/revisions\/7227"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}