The Richest 0.1% Have Launched A War On Us – It’s Time To Fight Back And Hold These 400 Billionaires Personally Responsible For Our Economic Crisis

Posted by – David DeGraw is the founder and editor of AmpedStatus.com.
September 8th, 2011

Editor’s Note: The following post includes adapted excerpts from David DeGraw’s book, “The Road Through 2012: Revolution or World War III.” Release Date: 9.28.11

We have endured financial oppression for long enough. In a time of national crisis and shared sacrifice, the richest one-tenth of one percent of the population cannot continue on their merry way, living in obscene wealth and detached from reality, while the majority of the population desperately struggles to make ends meet. We are under attack, and it’s time to fight back.

I work over 60 hours a week and still barely make ends meet. Increased costs of living and thousands of dollars in medical bills have made me and my family move three times in the past three years to downsize and cut living expenses. I’m certainly not alone in this dire economic situation, tens of millions of Americans are fighting this daily war to keep their family fed and healthy with a roof over their head.

In fact, as long as I can keep up this intensive work schedule at my current income level, I’m actually better off than many Americans. Over 46 million Americans are currently relying on food stamps to feed their family, over 50 million can’t afford health care, 62 million have zero or negative net worth and 64% of Americans have less than $1000 saved. As the economic downturn begins to accelerate once again, the majority of the population, which has been struggling for over three years now, is going to be pushed to a breaking point.

Meanwhile, in this time of national crisis, as we keep hearing calls for “shared sacrifice,” tens of trillions of dollars are consolidated within the hands of the economic top one-tenth of one percent of the population. This unprecedented consolidation of wealth continues unabated, as we now have the most severe inequality of wealth in American history. US millionaire households now have over $46 trillion in wealth, yet only one-tenth of one percent of the population makes over $1 million per year.

Let me be clear, I don’t fault a person for being rich. If you are great at what you do and work hard, you should be financially better off than people who slack off, are bad at what they do and don’t work hard. Almost all Americans agree with that. However, the problem we currently have is that people who are extremely bad at what they do are now all too often the people who have the most money. For example, the very people who caused this economic crisis have profited off of it and are now among the richest people in the world.

The reality of our current crisis is that we now have an aristocracy in this country that lives beyond the rule of law. They have used their wealth to rig the government and the economy. Through campaign finance, lobbying and the revolving door between Washington and the most powerful global corporations, the world’s richest people have now effectively rigged the system against hardworking Americans. This economic crisis is the result of a deliberate systemic looting engineered by the global financial elite. To attempt to dismiss this reality as some unproven conspiracy theory is to display a stunning level of ignorance.

Just look at the bailout of Wall Street: trillions of dollars in national wealth were given to the people who engaged in fraudulent activity and crashed the economy. They then used the public’s wealth to give themselves all-time record-breaking bonuses. And now, while the rich people who caused this crisis have never been richer, the government is giving them tax breaks and cutting vital programs that we need to keep our society functioning. To say that America has descended into a neo-feudal banana republic is not using bombastic rhetoric or hyperbole, it is a technical fact to anyone who spends time analyzing our current economic and socio-political condition.

As our society is incrementally and steadily deteriorating, millions of people are growing more desperate by the day. American families can no longer remain passive when under such a prolonged and ongoing economic attack. We literally can’t afford to. Clearly, this is a highly unsustainable and dangerous situation that cannot continue for much longer. A small fraction of society has systemically robbed the country and destroyed the economic future of the majority of the population. As more people realize this, and as desperate times continue, the mega-wealthy will eventually reap what they have sown.

To understand our future prospects, we just need to look at the civil unrest that is currently spreading throughout the world. The same people who robbed America have also robbed many other countries. People worldwide who have been pushed into severe poverty are rebelling because they have no other choice. It’s either fight back or let your family die a slow death. The massive protests and riots that have swept from Cairo to London are just the first wave of a tsunami of rebellion and unrest that, if the present course is not urgently and significantly changed, is sure to hit America soon.

Even the Wall Street friendly press, such as Market Watch, are publishing reports like this one from veteran journalist Paul B. Farrell:

“What a year. Rage in London, Egypt, Athens, Damascus….

Warning: More rage is dead ahead. Across our planet a new generation is filled with rage. High unemployment. Raging inflation. Dreams lost. Hope gone. While the super-rich get richer and richer.

Listen to that hissing: The fuse is rapidly burning, warning us. Wake up before the rage explodes in your face. This firestorm is endangering America’s future….

Super-rich addicts are destroying the American Dream for everyone. They’re destroying the American economy. They don’t care about you. Yes, they hear the ticking time bomb. They’re stockpiling cash. Don’t say you weren’t warned. The IMF sees a new collapse sweeping across the planet. Open your eyes. You’re not watching a film. This is not a metaphor. Plan now for the revolution, class warfare, market crash, economic collapse, plan for another depression.”

Contagion of Global Unrest Spreads Worldwide

Unfortunately, as we see spreading throughout the world, the blacklash by impoverished and economically disenfranchised people is already taking a violent turn for the worse. All throughout the UK, which is economically comparable to many American states, financially oppressed people have … [CONTINUE READING on AmpedStatus.org]

We want to know what these 400 billionaires are personally doing to solve our financial crisis. In the days ahead, we will track their political activities. Here are the 400 richest Americans according to Forbes Magazine.

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By DEADLY CLEAR

David DeGraw reports staggering figures that politicians with weekly paychecks may have trouble comprehending.  And while there are a good deal of Washington, DC politicians with with millionaire+ net worth, those at state level political positions are subject to the same oppression as the rest of us once they are out of a job.

It is at the state level where we have the greatest leverage. Even if Wall Street and the federal government fall apart, the states that have become more self-sustainable and self-sufficient may become a better investment as long as they have adequate regulations and investor safeguards in place. If, as a state, we deal in securities – regulate them and attract the investors.

A state House or Senate politician needs to take heed from DeGraw’s facts and figures and start listening to the overwhelming cries from the less fortunate. There will come a time when the billionaires will leave the state politicians in the dust.  A word to our political family, “… if you haven’t fixed the problems before you are out of office, you’ll likely be subjected to the same unfortunate atrocities inflicted on your constituents today.”

Perusing the Forbes list link with gobs of detailed information – status, head shots, company names, stock trends… it looks like many of these “billionaires” could be empty handed when the dollar finally collapses. A lot of these companies appear pretty much over-leveraged and Wall Street dependent.

Don’t you wonder how long they’ll last when 63 million+ families stop buying and boycott Mars Candies (no more M&M’s for me, please), Estee Lauder, shopping at Walmart, or how far will that $1.8 billion go for the Subway sandwich owners? And then there’s Little Caesar’s Pizza’s $1.7 billion that has to help support the Detroit Tigers who were operating in the red last year. In the lesser ranks Campbell Soup (I can live without) stock has been on a decline and Hallmark doesn’t look so healthy either (probably linked to the Post Office failure)… The Billionaires’ wealth declines in line with the failing economy and there are very few, if any, new success spikes. This is probably why they haven’t been spending in the economy – but maybe in their own gold and silver???

What is also interesting is the peek into the Billionaires’ political donations and I think AmpedStatus is on track watching the political activities. But even if they’ve stashed cash under the mattress, if the dollar dies – it’s over for them too. Porter Stansberry has been trying to warn the public, along with Martin D. Weiss, Ph.D. and numerous other economics and investment analysts. While they may sound radical at the moment (as gold & silver investments did a few years ago), most of these astute men and their companies made earlier predictions of precisely what we are dealing with today – long before it happened. It’s time to seriously think about how, what and when this could happen. Here’s an interesting look into what might be our future: