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Saturday, July 18, 2015 4:23:25 PM
So who benefits from the stock market's perpetual rise? Why, the ultra rich, of course. Over 60 percent of ALL wealth in America is owned by the top 5% They also own most of the stock market.
Let's not kid ourselves. This is a rigged system to benefit the créme de la crime at the top of the pyramid. They tout the market as a sign of a great economy, but they can't raise interest rates. Savers and pensioners are punished.
Earnings are good because a lot of the books are cooked. Some of the huge corporations don't have to pay taxes like small businessmen. Companies such has Amazon have gigantic valuations now and they've never even turned a profit.
So when will this end? Maybe never--it's rigged so the markets can go up ad infinitum. Amazon at $10,000,000 a share? Fine, but the average Joe will see nothing. He will face austerity to pay back the central bankers. What happens when the vast majority are poor and suffering? I guess the 1 percent will have to round them up and send them to camps. Prison camp stocks will skyrocket!
A nation of sheep will beget a government of wolves. — Edward R. Murrow
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