Friday, October 1, 2010

Waiting for the Next Financial Meltdown

Dylan Ratigan Show--Sept. 30: "Inside Job" director Charles Ferguson takes an in-depth look at how "banksters" brought the nation to the brink of a collapse and why the government continues to let them do it.

CIA behind failed Ecuador coup?

In the latest of Latin American coup attempts, thousands of national police took to the streets yesterday in a failed attempt to overthrow Ecuadorian President Rafael Correa over a new law they felt jeopardized their benefits. RT contributor Wayne Madsen argued that the US, via the CIA and other agencies, is behind the coups in Latin America and that it is visible through the continually used CIA playbook. Madsen said that in Latin America gunboat diplomacy simply will not work and that the people of Latin America have wised up to what is going on.

2011 - The beginning of the End of America

2011 - The beginning of the End of America - Double Dip Recession turns into 10 year Depression

2011 - The United States begins its decent from prosperity to economic stagnation / depression in 2011 as the economic recovery stalls and a double dip recession occurs. The expiration of the Bush Tax cuts reinforces the economic decline and unemployment spikes over 10% again. 2011 is just the beginning and 2012 will be worse. Economic Collapse is likely by end of decade.

Gap Between Rich and Poor to Record Levels

With Congress dithering over what to do about Bush-era tax cuts set to expire on Dec. 31, there's a heated debate in America about what it means to be "wealthy" in America. Meanwhile, the gap between rich and poor is wider than ever:

In 2009, the top 20% of American earners -- those making more than $100,000 annually - received 50.3% of all income generated in the country, compared with 12% for the bottom 40% and 3.4% for those below the poverty line, according to the Census Bureau. In 1999, the top 20% claimed 49.4% of the income and the bottom 40% got 12.5% of the income.
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