| Trouble in the Making [message #99583] |
Mon, 13 July 2026 13:17  |
Rusty
Messages: 1448
Registered: May 2018
Location: Kansas City Missouri
|
Illuminati (3rd Degree) |
|
|
I could only go for so long here before starting up my true Dungeon nature by posting some subject calling attention to these times we live.
I like this young blogger for his thoroughness with his analysis. Which with this subject counters the usual articles put out on what our country's economic status is. I think that is typical of many subjects in the news too.
Here Ben Norton goes over objectively with our economy with a healthy dose of interpreting data unadulterated with cherry picking. Most Americans are not wealthy. That's the 90% of the population. If you make it through this blogs lengthy presentation, you'll get an idea of how we really fare with the rest of the world. Our healthcare system, rent, insurance, child care and so many other metrics of modern living are what drags our cost of living down with other nations that may surprise some.
My favorite chart he shows is one showing the wealth of the .00001% that owns 12% of the total income in the US. But it's the time period of the late 40's to the 1980's when Neoliberalism took over from Keynesianism showing the Golden Period of American prosperity for most people. We baby boomers know of it, grew up in it. And now our young generation is not part of the once American Dream.
https://blog.syzgroup.com/syz-the-moment/wealth-at-the-top-0.00001-owns-12-of-us-income
I think our country has lost its principles when it eschewed our manufacturing and industry away to maximize profit. And our economic system became financialized and service oriented. Its made us weak and dependent and loaded down with debt. The rest of the once 3rd world as was known is the manufacturing centers now. Their standard of living is rising. Our's is declining. You wouldn't know that reading and listening to corporate media though.
This is why I like alternative media. There's no editorial board to tailor the truth.
Ben Norton, Geopolitical Economy Report:
https://www.youtube.com/watch?v=kzFUd8uj7pA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Re: Trouble in the Making [message #99667 is a reply to message #99628] |
Sat, 08 August 2026 12:39  |
Rusty
Messages: 1448
Registered: May 2018
Location: Kansas City Missouri
|
Illuminati (3rd Degree) |
|
|
More and more, the standoff of the war with Iran is from what I'm learning, is leading to an economic downturn. If not a depression in the worst case. The United States in its longstanding belief in its primacy is behind this. It isn't the fiction of nuclear proliferation with Iran that has caused this. That's the smokescreen. Iran has been the last of the 7 Gulf states to be made to come under the US Petrodollar system through military intervention, proxy intervention or sanctions. Syria, Libya, Lebanon, Sudan, Iraq, Somalia.
Iran has had other intentions. Ever since their liberation in the late 70's from their dictatorship installed in 1953 by the US & Great Britain. They have prepared for this eventuality of war with the US since then. And their preparations have been very effective. Missile technology has progressed significantly to the point now of being unstoppable with conventional defensive missile systems. And the guidance systems now are very precise with targeting.
The US has underestimated Iran's capabilities and now the attrition of our weapon stockpiles are such that further engagement makes for serious reconsideration. Our most expensive military complex in the world that has itself become monopolized, cannot replace stockpiles at any reasonable time period.
But the closure of the Strait of Hormuz is seriously now creating a chokepoint for many industries in the world. Oil production in the Gulf now is a trickle and Iran has disabled or destroyed some key oil production in neighboring countries tied to the US with our military bases surrounding Iran.
Negotiations are hampered by our US lack of real diplomacy. There is no good faith left in negotiating with a nation that has attacked and torn up prior good faith proposals.
So, the longer this stalemate goes on, the more serious are the world's financial and industrial capabilities are to cope.
Military diplomacy and trying to keep up appearances in the world are self defeating and counter productive. I wonder if that pain has to come to our nation from it to make our leadership wake up to the folly followed for way way too long.
|
|
|
|
Posting Rules
Members
Search
Help
Register
Login
Get a T-Shirt!
