This is what an economic collapse looks like in slow motion.

egberto

5 years ago

Call: (646) 716-5812 – “Facebook LIVE” – Live stream: BlogTalkRadio (Entire USA) Radio Show Date: June 26th, 2019

This is part two of yesterday’s discussion on our economic collapse. So how exactly is it collapsing and what’s the answer?

You can also find previous episodes on YouTube here

The Economic Collapse

Yesterday show started the discussion about the economic collapse being managed in a deceptive fashion, a stealth manner. Today, I will point to different aspects of the current economy and how it continues to zap wealth and free labor from the masses. Please make sure to watch and share these videos because we are not going to get these conversations either in the debates or in mainstream media.

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Points:

Trump’s federal budget deficit skyrocketed to $207.8 billion in the month of May. “The gap between the amount the government takes in and spends came in at $207.8 billion last month, and the Treasury Department said Wednesday, nearly 42% higher than a year earlier. The increase happened in part because of June 1 falling on a Saturday, a non-business day, meaning some benefit payments were made earlier than usual,” the report said.

Topics:

TruthOut: Want to Be a Principled Billionaire? Stop Being a Billionaire.
MacKenzie Bezos, the ex-wife of Amazon founder Jeff Bezos, has signed the “Giving Pledge,” promising to donate at least half of the fortune she received after her separation from Jeff to charity. This is many billions more than the $2 billion Jeff, literally the richest person in the world, has pledged to give to charity. It’s also not nearly enough.
Big Philanthropy is simply plutocracy, “an exercise of power by the wealthy that is unaccountable, non-transparent, donor-directed, perpetual, and tax-subsidized,” Stanford professor Rob Reich, one of the faculty directors of the university’s Center for Ethics in Society, told The Atlantic. But let’s give Bezos, like we give Bill and Melinda Gates, the benefit of the doubt: Let’s believe that she’s a humanitarian, and that she’s trying to help humanity. Then why isn’t she giving more?
It’s true that half of $37 billion is more money than I’ll ever give to charity in my life, and that I’m unlikely to donate half my net worth anytime soon. But I’m not a capitalist; I don’t exploit workers; and I’m not a billionaire. Statistically speaking, none of us are. Billionaires are simply illogical. Money loses coherency at that level — not to mention numbers themselves.