Most people at the bottom of the economic food chain are getting lopped off . . . fixed income folks are seeing basic needs get more expensive (food, utilities, gas) as their incomes stay the same
certain groups -- independent of the corporate landlock (farmers being the #1 group right now) are also at great risk as they are parked on valuable real estate but their fixed costs for harvest/production and maintenance of their crops (or small businesses) are now at risk of being greater than their yield . . . this puts them at very great risk of
losing their farms or places of business
those at the high end will be fine . . . the bottom 1/3 will be at risk
those who are in the top 2/3'rds may think this a fine and equitable system and works and think "well, fuck the losers on the bottom"
but in a system in which your connection to the top group is tenuous, at best
and the forces pushing you one way or another are largely out of your control and can happen at lightning speed
the very real possibility is that those who are "safe" today will be at very great risk later . . . sometimes not all that much later
and all they've worked for basically stolen from them by a ravenous top heavy system
that only rewards those at the top, while progressively eating those at the bottom
the year I turned 50, I was making $292,000 . . . my Platinum American Express card expenditure (just one card alone; one I paid in full every month) that year was $57,000 -- about $4750 a month, not to mention multiple house payments, multiple car payments, etc
these bills were EASY for me to meet
and then came the bank bailout and the economic downturn and when the cycle turned back up again, I (and millions of others) went from very high -- in 2005, I was in the famous Top 1% in terms of income earned
to zero . . . and when you go from mid 6 figures to $0 it takes a while to lose everything and my cushion was greater than most (then) but the long-term math here is not so good
I am 64 years old now, not the optimal age for former executives to go "job shopping" and my annual income is barely $10,000 -- from $5600 a week to about $185
I hang on by the slimmest of margins . . . others are likely even more at risk than me (as I still have physical assets from before)
and when they lose -- or you lose
this system will do nothing much to save you
I talked about all this coming our way in a book I wrote book in 2007 (back when I had faith that writing books would "do something for me") called "Cognitive Dissonance and the Blowback Economy"
I said these things would happen and that the ultimate end game was to drive down labor costs
and that has happened . . . a secondary "bonus" of this is that when people can't pay their mortgage or utility bills or -- the biggie for most people -- hospital bills
then predators can scoop up your homes and belongings for pennies on the dollar and resell it later
this is going to happen to farmers
and millions of other "average Americans"
it is #inevitable
and yes, it's fun when the money rolls
but a system so cut throat and so devoid of any safety nets almost ensures, by design, that lots of people, no matter how hard they worked, no matter how well they "played the game"
will lose
this is the world people seem to want
don't be surprised then if what I outlined above turns out to be the end result
call me a pessimist, a doom and gloomer, a bitter old man who lost, call me whatever you like to make the fear that what I am saying is true not be so scary
this is the world people wanted
and so, this is the world now they're going to get
certain groups -- independent of the corporate landlock (farmers being the #1 group right now) are also at great risk as they are parked on valuable real estate but their fixed costs for harvest/production and maintenance of their crops (or small businesses) are now at risk of being greater than their yield . . . this puts them at very great risk of
losing their farms or places of business
those at the high end will be fine . . . the bottom 1/3 will be at risk
those who are in the top 2/3'rds may think this a fine and equitable system and works and think "well, fuck the losers on the bottom"
but in a system in which your connection to the top group is tenuous, at best
and the forces pushing you one way or another are largely out of your control and can happen at lightning speed
the very real possibility is that those who are "safe" today will be at very great risk later . . . sometimes not all that much later
and all they've worked for basically stolen from them by a ravenous top heavy system
that only rewards those at the top, while progressively eating those at the bottom
the year I turned 50, I was making $292,000 . . . my Platinum American Express card expenditure (just one card alone; one I paid in full every month) that year was $57,000 -- about $4750 a month, not to mention multiple house payments, multiple car payments, etc
these bills were EASY for me to meet
and then came the bank bailout and the economic downturn and when the cycle turned back up again, I (and millions of others) went from very high -- in 2005, I was in the famous Top 1% in terms of income earned
to zero . . . and when you go from mid 6 figures to $0 it takes a while to lose everything and my cushion was greater than most (then) but the long-term math here is not so good
I am 64 years old now, not the optimal age for former executives to go "job shopping" and my annual income is barely $10,000 -- from $5600 a week to about $185
I hang on by the slimmest of margins . . . others are likely even more at risk than me (as I still have physical assets from before)
and when they lose -- or you lose
this system will do nothing much to save you
I talked about all this coming our way in a book I wrote book in 2007 (back when I had faith that writing books would "do something for me") called "Cognitive Dissonance and the Blowback Economy"
I said these things would happen and that the ultimate end game was to drive down labor costs
and that has happened . . . a secondary "bonus" of this is that when people can't pay their mortgage or utility bills or -- the biggie for most people -- hospital bills
then predators can scoop up your homes and belongings for pennies on the dollar and resell it later
this is going to happen to farmers
and millions of other "average Americans"
it is #inevitable
and yes, it's fun when the money rolls
but a system so cut throat and so devoid of any safety nets almost ensures, by design, that lots of people, no matter how hard they worked, no matter how well they "played the game"
will lose
this is the world people seem to want
don't be surprised then if what I outlined above turns out to be the end result
call me a pessimist, a doom and gloomer, a bitter old man who lost, call me whatever you like to make the fear that what I am saying is true not be so scary
this is the world people wanted
and so, this is the world now they're going to get
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