tag:blogger.com,1999:blog-91090779588903174102024-03-05T00:31:07.096-08:00Debt Pornography<a href="http://www.liveyachting.com/wp-content/uploads/2010/02/emocean.jpg">The Bankers, the men with yachts and million dollar cars</a> and <a href="http://www.livelikeavip.com/wp-content/uploads/ocean-club-champagne-party.jpg">champaign fountains</a>... They are the cancer of this society, Capitalism is not the next logical evolutionary step for a civilized society. We must move on with the RBE Solution of <a href="http://thevenusproject.com">http://thevenusproject.com</a>Anonymoushttp://www.blogger.com/profile/13875893211728203437noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9109077958890317410.post-9073570239226192632012-06-14T09:57:00.001-07:002012-06-14T09:57:11.723-07:00<div class="separator tr_bq" style="clear: both; text-align: center;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYaX-zxLtJD-2QpLal5kdjE8AHVNfMPIPNi4lDQimULJOjyCrI1hXox8tajO4rA9ey4_egBUwDRXUva4OK2FNKoIvPW_ZjjGOr7YbhMPk2Qx7Dobl3_JuxvVhZQOR9lPoXc6ra20Nb4t68/s1600/the_poor_in_somalia1227830293.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="422" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYaX-zxLtJD-2QpLal5kdjE8AHVNfMPIPNi4lDQimULJOjyCrI1hXox8tajO4rA9ey4_egBUwDRXUva4OK2FNKoIvPW_ZjjGOr7YbhMPk2Qx7Dobl3_JuxvVhZQOR9lPoXc6ra20Nb4t68/s640/the_poor_in_somalia1227830293.jpg" width="640" /></a></div>
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<span style="background-color: white; font-family: Arial; font-size: x-small;">The Federal Reserve just released its Survey of Consumer Finances, the only government survey of wealth in America. The Survey is conducted every three years. This survey, conducted in 2010, is the first one to reflect the effects of the Wall Street Meltdown in 2008. </span><br style="background-color: white; font-family: Arial; font-size: small;" /><span style="background-color: white; font-family: Arial; font-size: x-small;">How does it look? Bad. Really, really bad. </span><br style="background-color: white; font-family: Arial; font-size: small;" /><span style="background-color: white; font-family: Arial; font-size: x-small;">The median wealth of American families (meaning half above and half below) dropped from $126,400 in 2007 all the way down to $77,300 in 2010. That's a 39% slide. It puts the median net worth of American families at its lowest level since 1995, fifteen years earlier. </span><br style="background-color: white; font-family: Arial; font-size: small;" /><span style="background-color: white; font-family: Arial; font-size: x-small;">About 12% of American families have a negative net worth. Meaning that they're broke. </span><br style="background-color: white; font-family: Arial; font-size: small;" /><span style="background-color: white; font-family: Arial; font-size: x-small;">Among Americans with no high school diploma (15 percent of the adult population), median wealth plunged from $34,800 in 2007 to $16,100 in 2010, a 54% drop. That is the lowest level since at least the Fed's 1983 survey, maybe earlier. So three decades of progress have been wiped out. </span><br style="background-color: white; font-family: Arial; font-size: small;" /><span style="background-color: white; font-family: Arial; font-size: x-small;">Among minorities, median wealth plunged from $29,700 to $20,400. That is the lowest level since 1992. White median wealth is now 540% higher than minority median wealth. </span><br style="background-color: white; font-family: Arial; font-size: small;" /><span style="background-color: white; font-family: Arial; font-size: x-small;">The median value of American homes dove from $209,500 in 2007 to $170,000 in 2010. But the median mortgage was almost completely unchanged: $74,700 in 2007, $74,100 in 2010. So debt payments increased from 7% of income to 11% of income. </span><br style="background-color: white; font-family: Arial; font-size: small;" /><span style="background-color: white; font-family: Arial; font-size: x-small;">In 2007, the bottom 25% had a net worth of $14,800 or less. In 2010, the bottom 25% had a net worth of $8,300 or less, a 44% decline. </span><br style="background-color: white; font-family: Arial; font-size: small;" /><span style="background-color: white; font-family: Arial; font-size: x-small;">In 2007, the top 10% had a net worth of $955,600 or more. In 2010, the top 10% had a net worth of $952,500, a decline of less than 1%. </span><br style="background-color: white; font-family: Arial; font-size: small;" /><span style="background-color: white; font-family: Arial; font-size: x-small;">Let me sum it up for you: In the greatest economic crisis that the United States has faced since the Great Depression, the rich barely lost a nickel. But the poor definitely got poorer. And people in the middle were crushed. </span><br style="background-color: white; font-family: Arial; font-size: small;" /><span style="background-color: white; font-family: Arial; font-size: x-small;">If this continues any longer, then we can invite a priest to administer last rites to the American Middle Class. </span></blockquote>
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THIS ENTIRE ABOVE LETTER is a fictional story based on absolute MONEY FAITH. All that jargon and such is just the slight of hand, We do not need banks, we do not need monetary currency, we do not need to work a 9-5 job until we are 70 years old, we do NOT NEED JOBS. We need to make use of technology to free up man to spend time doing what they love, free of any debt of any kind.<br />Anonymoushttp://www.blogger.com/profile/13875893211728203437noreply@blogger.com0tag:blogger.com,1999:blog-9109077958890317410.post-76059470725950142752012-06-14T09:33:00.002-07:002012-06-14T09:38:05.708-07:00You only have to look at the ads surrounding this page to see how fucked up our society is.<br />
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This yacht belongs to one man.<br />
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<b><span style="background-color: purple; color: white; font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif; font-size: large;">By the way, If you click on one of these absurd ads, I make a few cents, which I know doesn't make much sense :P</span></b></blockquote>Anonymoushttp://www.blogger.com/profile/13875893211728203437noreply@blogger.com0tag:blogger.com,1999:blog-9109077958890317410.post-75428557687523208232011-11-19T08:28:00.001-08:002012-06-14T09:38:42.932-07:00The Debt Dellusion<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjCTw1-BnYYO30jbkaOFQR68rzk1vZQWIK_aKGy64fxp3Ifa7AP8wCJIrNUgUPEE6vOFS7N4OF017eqhVfrP3qMch1xoHSx4Qke-RH2hMWheTXejRzZsb7UfM06HWwLBpffkRR8xa6m7ka/s1600/1%2525+masters%252C+the+rest+of+the+world+SLAVES+upper+cla.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="380" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjCTw1-BnYYO30jbkaOFQR68rzk1vZQWIK_aKGy64fxp3Ifa7AP8wCJIrNUgUPEE6vOFS7N4OF017eqhVfrP3qMch1xoHSx4Qke-RH2hMWheTXejRzZsb7UfM06HWwLBpffkRR8xa6m7ka/s640/1%2525+masters%252C+the+rest+of+the+world+SLAVES+upper+cla.jpg" width="640" /></a></div>
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<a class="entry-header" href="http://www.wordspy.com/words/debtporn.asp" style="color: navy; font-size: 16pt; font-weight: bold; margin-bottom: 5px; margin-left: 20px; margin-right: 20px; margin-top: 5px; text-decoration: none;">debt porn</a></div>
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<object class="BLOGGER-youtube-video" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" data-thumbnail-src="http://0.gvt0.com/vi/Ip_ElRKNTUQ/0.jpg" height="266" style="clear: right; float: right;" width="320"><param name="movie" value="http://www.youtube.com/v/Ip_ElRKNTUQ&fs=1&source=uds" />
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<embed width="320" height="266" src="http://www.youtube.com/v/Ip_ElRKNTUQ&fs=1&source=uds" type="application/x-shockwave-flash" allowfullscreen="true"></embed></object><em>n</em>. realizing you are being mentally and physically abused by your banks and financial institutions. Also: <b>debt pornography</b>.</div>
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