Sunday, June 12, 2011

Canada's upcoming middle class wipeout

..."This attitude must change – for everyone’s benefit. The squeezing out of Canada’s middle class has major implications for our collective prosperity. Middle-class incomes drive economic growth, pay for public services, support healthy families, and build communities. Society cannot subsist on crumbs left over by the rich. Workers cannot accept the logic that relentless cuts and constant sacrifice will bring better days ahead..."

Click here for entire article ...

18 comments:

  1. Alas, the grand plan has been laid out for the herd. Wiping out the middle class is what has been planned since 1913. It has taken almost a century to realize this.

    I hope everyone followed the Bilderberg meeting this year in Switzerland.

    Thinking about it, the middle class are the powerhouse of development, so tell me, someone, why are we the ones risking wipe out?

    The royalty are nothing more than inbred parasites. It still puzzles me to this day why they are at the top. I really don't get it!

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  2. Conspiracy theory... I just read that a US warship is moving toward south china sea. Vietnam and China is having intense border dispute lately. Both countries are going to have military drill anytime soon. A US warship is moving over there. If I recall correctly, US has been visiting Vietnam frequently and Hillary has been provoking border dispute between the two asian countries.

    If the incident escalate further, I wonder if Chinese will drastically reduce the buying of US treasury auction.
    On the other hand, Zerohedge had posted a couple of article about dealers flipping the notes back to Fed lately. Could it be Chinese have not been buying at all ? That's why US is provoking the dispute. And could it be Fed is asking dealers to bid in auction and then flip it back to them when fewer people are watching ?

    If China is not buying, then silver should shoots up because of concern of the possibility of hyperInflation. Thinking too much ?!

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  3. @coconut, a proxy war definately sounds like a typical US solution.

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  4. I'm sure China needs to test out that nice new shiny aircraft carrier. Vietnam would be a good place to shake the bug out.

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  5. reply to yousif...

    there were only upper elites and lower serfs...middle class is only there for taxes to be paid to the uppers and to support the lower so that they stay beholden to the uppers...

    all classes loath the middle...soon back to history with only the rulers and the serfs

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  6. Dan and Yousif,

    FOFOA has this to say regarding the Marxian class struggle. I appreciate FOFOA's thoughts on the matter:


    FOFOA: The Debtors and the Savers
    http://fofoa.blogspot.com/2010/07/debtors-and-savers.html


    ------------

    Marx writes, "The history of all hitherto existing society is the history of class struggle." He got this part right! What he got wrong was his delineation of the classes.

    Marx's classes were:

    1. Labour (the proletariat or workers) - anyone who earns their livelihood by selling their labor and being paid a wage for their labor time. They have little choice but to work for capital, since they typically have no independent way to survive.

    2. Capital (the bourgeoisie or capitalists) - anyone who gets their income not from labor as much as from the surplus value they appropriate from the workers who create wealth. The income of the capitalists, therefore, is based on their exploitation of the workers.

    Simply put, Marx says it's the rich versus the poor. According to Marx the rich exploit the poor to get themselves a "labor-free income", which spawns a class struggle.

    This is an attractive perspective because it requires only a cursory, superficial judgment to place someone into one of the two camps, the rich or the poor. If someone is driving a Bentley we immediately know which group they are in, right?

    But within this simple, foundational premise lies an error so serious that within 130 years of Marx's death it caused somewhere between 85 million and 150 million deaths.

    ...

    The two classes are not the Labour and the Capital, the rich and the poor, the proletariat and the bourgeoisie, or the workers and the elite. The two classes are the Debtors and the Savers. "The easy money camp" and "the hard money camp". History reveals the story of these two groups, over and over and over again. Always one is in power, and always the other one desires the power.

    1. Debtors - "The easy money camp" likes to spend (and redistribute) money it did not earn, either by borrowing it, taxing the savers for it, or printing it. They like easy money because it is always and everywhere constantly inflating, easing the repayment of their debts.

    2. Savers - "The hard money camp" likes to live within their means and save any excess for the future. They prefer hard money (or in some cases "harder" money) because it protects their savings and forces the debtors to work off their debts.

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  7. Got physical?
    The Economic Statistic US Elites Keep ‘Hush-Hush’

    http://english.alrroya.com/content/economic-statistic-us-elites-keep-‘hush-hush’

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  8. By the way, APMEX is almost out of 2011 Silver Maple Leafs - just 3769 left. They should be sold out in a week or so unless they get another shipment from the RCM in Canada.

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  9. @Reefman

    Thanks for the sharing the clearer delineation of what Marx was supposed to mean...

    "2. Savers - "The hard money camp" likes to live within their means and save any excess for the future. They prefer hard money (or in some cases "harder" money) because it protects their savings and forces the debtors to work off their debts."

    That really put the way I'm trying to live in such a simple statement.

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  10. http://english.alrroya.com/content/economic-statistic-us-elites-keep-%E2%80%98hush-hush%E2%80%99

    So its

    1. More money printing ( sneak tax ) or

    2. Actual taxes from hell.

    Scenario 1 is good for Silver scenario 2 is bad for silver.

    Scenario 2 is telling people the truth, scenario 1 is more political bullshite!

    I wager scenario 2

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  11. I mean scenario 1!!!! scenario 2 will never happen

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  12. @Garry Lindsay, of course, there is a third option, where the country actually decides that it will live within it's means, but that is so unlikely, I hesitate to even bring it up.

    My money, literally, is on #1.

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  13. http://groups.yahoo.com/group/thetruthisherenow/

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  14. FUCK MAX KEISER!!


    HE KEEPS CENSORING ME,
    the fucking fressmonic-PAWN!

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  15. Silver is down at the moment. Anyone buying?

    I'm tempted, but running low on FRN's at the moment.

    I noticed that APMEX is nearly out of war nickels. I wonder if they'll even bother restocking.

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  16. LOL.... Marketwatch.com reports CME is selling two of it's buildings. Cash flow problems ? Default ?

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  17. Silverbull: You are begining to post as much as WU was. Keep it to a minimum please. and what the fuck is a plug as its definitely not a donation so not to sure I care.

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