A Pyramid Shaped Society Is Quickly Evolving
Thursday, February 21, 2008 4:10:15 AM
Elaine Meinel Supkis, in Systems Failure wrote: "We can't have a capitalist society with no capital; any more than trying to have a capitalist society, but no purchasing power in the working class."
We will soon have a Pyramid Society
My comment is: "If we have experienced a system failure, and no longer have a capitalist society with no capital, then we will have a pyramidal society."
Characteristics of the Pyramidal Society
The Pyramidal Society will be a tight combine of
2)Finance, Commerce and Trade,
7)Science & Technology.
Stakeholders will direct both the factors of production and the society's resources.
Dyncorp will guard the Elite who will announce the societal framework and rules for security and prosperity.
Regional monetary integration, as suggested by the think tank Council on Foreign Relations, will flow forth as the regional currency: the Amero will replace the Loonie, the Peso and the U.S. Dollar. Here is a commonly presented image of what the Amero might look like.
America's pear shaped wealth and income distribution is being liposuctioned.
Lee Eisenberg's Income And Net Worth Charts reveal that currently many households make $40,000 to $60,000; and have net worth of $62,000 to $141,500.
Their net worth is in their home equity and the balance in their stocks and bonds.
Home owners will experience ever vanishing home equity; and for some ever increasing negative home equity; just as Barry Grey wrote in his World Socialist Web Site article US Home Foreclosures Nearly Double Form A Year Ago where he documented that a number of homeowners fell delinquent in sub-prime and adjustable rate mortgages.
Paul Kasriel presents The Bell Curve of Case-Shiller Home Prices: it is taking more and more homeowners equity underwater -- many are having negative equity in their home; this spells dome for home owners, lenders and fiat asset investors.
One's wealth, if invested in the Dow, is now seen seen falling away; and if investing in U.S. Treasury Bonds has been falling away January 24, 2007.
And if one's wealth, has been invested in municipal bonds, it was shot dead, as reported by Elaine Meinel Supkis today.
The remedy is gold and the vault -- Bullionvault.com
One's retirement resources should be sold, and together with one's investment resources be 'dollar cost average' invested in an Internet tradeable vault such as BullionVault.com.
Naomi Klein’s book The Shock Doctrine. Her publisher says of it that: "the neo-liberal (neocon) economic policies—privatization (public private partnerships), free trade, slashed social spending—that the Chicago School, and the economist Milton Friedman have foisted on the world are catastrophic in two senses, argues this vigorous polemic. Because their results are disastrous—depressions, mass poverty, private corporations looting public wealth, by the author’s accounting—their means must be cataclysmic, dependent on political upheavals and natural disasters as coercive pretexts for free-market reforms the public would normally reject. Journalist Klein chronicles decades of such disasters, including the Chicago School makeovers launched by South American coups; the corrupt sale of Russia’s state economy to oligarchs following the collapse of the Soviet Union; the privatization of New Orleans’s public schools after Katrina; and the seizure of wrecked fishing villages by resort developers after the Asian tsunami. Klein’s economic and political analyses are not always meticulous. Likening free-market shock therapies to electroshock torture, she conflates every misdeed of right-wing dictatorships with their economic programs and paints a too simplistic picture of the Iraq conflict as a struggle over American-imposed neo-liberalism. Still, much of her critique hits home, as she demonstrates how free-market ideologues welcome, and provoke, the collapse of other people’s economies. The result is a powerful populist indictment of economic orthodoxy."