Pope Francis leading the new American (Socialist) Revolution

What has taken its place of Adam Smith’s Capitalism is crony Capitalism, as said by JR Nyquist. Capitalist Communists have taken over the economy and killed Capitalism a while ago.

 

Yes, Pope Francis is encouraging civil disobedience, leading a rebellion. Listen closely, Francis knows he’s inciting political rebellion, an uprising of the masses against the world’s superrich capitalists. And yet, right-wing conservatives remain in denial, tuning out the pope’s message, hoping he’ll just go away like the “Occupy Wall Street” movement did.

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Pope Francis is not just leading a “Second American Revolution,” he is rallying people across the Earth, middle class as well as poor, inciting billions to rise up in a global economic revolution, one that could suddenly sweep the planet, like the 1789 French storming the Bastille.

Overall State of the Union – Unbiased Economics

The definition of the “rich” has become anyone who has investment income. Home ownership has declined since mortgages generally now want 20% down and taxes have risen. Of course, the socialists say this is not fair and the rich are getting richer yet this is not income from wages, but rather investment. The gains go predominantly to mutual funds and pensions not to mention foreign investment since retail participation has also declined since the Great Recession. This means the yelling and screaming is by no means reflecting a purely domestic situation. Furthermore, had Congress privatized Social Security long ago, then those funds would have been invested in the stock market so the very people they say are not participating would have a stake in the economy.

FEDEWA: Savage versus the pope

Conservative radio talk show host Michael Savage is quoted by Newsmax (May 12) as calling on Pope Francis to begin the “legitimate” redistribution of wealth by monetizing the wealth of the Vatican and distributing the proceeds to the poor.

This rant was in response to the pope’s recent speech to the U.N. secretary-general and officials urging them to promote a “worldwide ethical mobilization” of solidarity with the world’s poor. The pope said that the U.N. should seek the “legitimate redistribution of economic benefits by the state, as well as indispensable cooperation between the private sector and civil society” in order to achieve a more equitable distribution of wealth.

Savage then went on to describe U.S. taxation in relation to the poor as more than adequate, and called the pope “Karl Marx in a papal outfit.”

China poised to pass US as world’s leading economic power this year

The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.

The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would pull ahead in 2019.

The figures, compiled by the International Comparison Program hosted by the World Bank, are the most authoritative estimates of what money can buy in different countries and are used by most public and private sector organisations, such as the International Monetary Fund. This is the first time they have been updated since 2005.

“Major Shortage Of Physical Gold” Has Fed Greatly Concerned

As the world awaits the Fed’s decision, today a 42-year market veteran told King World News there will be no tapering and that the gold will soar “after the Fed has surprised the market tomorrow.”  Greyerz also warned KWN that to further complicate matters for the Fed, there is a “major shortage of physical gold” ahead of their decision.  Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say.

Greyerz:  “Eric, it is important to consider what the truly important factors are that will determine what will happen to the world, its people, and to the global economy.  If we look around, what do we find?  We find a world that is financially, politically, and morally bankrupt.

American Economic Calamity Predicted in 1857

The Great British historian, Lord Macaulay, predicted the future unraveling of the United States economy in a letter written in May 1857. Macaulay’s prediction was based on his analysis of American institutions. Discussing the life of Thomas Jefferson with an American author, Macaulay wrote, “You are surprised to learn that I have not a high opinion of Mr. Jefferson, and I am surprised at your surprise. I am certain that I never wrote a line, and … uttered a word indicating an opinion that the supreme authority in a state ought to be entrusted to the majority of citizens [counted] by the head; in other words, to the poorest and most ignorant part of society.”

According to Macaulay the United States was becoming increasingly democratic throughout the nineteenth century. And this tendency, he argued, was dangerous to liberty and to the country’s economic well-being. As Macaulay explained, “I have long been convinced that institutions purely democratic must, sooner or later, destroy liberty or civilization, or both.”

Open letter to the American people: We Soviet emigres have already seen this movie

Am I to believe that I have wasted forty years of my life in this country trying to explain the nature of dictatorship and what it meant to have been born and lived in Stalin’s paradise the first half of my life?

Have I failed to pass on to you my first-hand knowledge of the misery of millions of those gullible, trusting Russian people, who fell prey to the fiery, well-rehearsed speeches of those eloquent Marxist social-revolutionaries, who promised fraternity, equal rights, free medicine, free education for all, good life, and sharing the wealth of the rich only to find themselves trapped for life in that socialist, inhuman, criminal “experiment.” What did the Russians get instead? Lies, empty promises, high unemployment, and more lies.

Sounds familliar?