Tuesday, August 26, 2014

How Shadow Banking and Wealth Inequality threaten us.

 http://www.alternet.org/economy/how-ultra-rich-01-have-sucked-even-more-americas-wealth-you-think

http://www.alternet.org/economy/how-shadow-banking-and-extreme-wealth-inequality-threaten-us?akid=12164.294211.Q903CO&rd=1&src=newsletter1016803&t=11


An extensive analysis of economic conditions and government policy reveals that the need for significant systemic change is now a mathematical fact. Corruption, greed and economic inequality have reached a peak tipping point.  Due to the consolidation of wealth, the majority of the population cannot generate enough income to keep up with the cost of living.  In the present economy, under current government policy, 70% of the population is now sentenced to an impoverished existence.
Let’s take an in-depth look at the evidence.

Economic insecurity drives people to expensive healthcare, medications, drug use and crime. Beyond the moral and humanitarian imperative, recent studies prove that the cost of poverty to overall society is far higher than the cost of eliminating poverty.
The shortsighted greed of the .01% is causing the unnecessary suffering of an unprecedented number of people.  Their consolidation of wealth has created a system of economic slavery.  In a wealthy and technologically advanced society, it is a crime against humanity for a majority of the population to be toiling in extreme debt, poverty, unemployment and low-wage jobs.


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