Skip to content


Dissolving the Union

By Jeff Gates

For those who think the U.S. is broke, think again. It’s far more serious than that.

To renew Bush-era tax cuts for our most well-to-do 2% would reduce U.S. government revenues by $700 billion over the decade. That shortfall will need to be borrowed.

Or we could provide college scholarships to 14 million U.S. high school students. Or tuition, room and board for about half of today’s college students.

$700 billion is also the interest expense on the $3 trillion that the U.S. is projected to borrow to fund the long-term costs of wars in Iraq and Afghanistan. Of that interest paid to individuals, care to guess what portion finds its way to the topmost 2%?

$700 billion is also the amount authorized in October 2008 to stabilize the financial sector as part of the Troubled Assets Relief Program.

To boost liquidity, the Federal Reserve just announced $600 billion in “quantitative easing” over the next six months. That sum could be increased by another $300 billion.

A December 1st report brought news that, from March 2008 to May 2009, the Fed extended nearly $9 trillion in short-term loans to 18 financial institutions.

That’s our full faith and credit at work making the world safe for financial markets. And for the elite of Wall Street. To show their gratitude to the American public, the financial sector just paid themselves $144 billion in year-end bonuses.

Meanwhile long-term unemployment is the worst since the Great Depression and fiscal disorder is now commonplace at the federal, state and local level.

States and municipalities have around $2.8 trillion of outstanding bonds. That debt is dwarfed by debts that are off the books, including as much as $3.5 trillion in pension shortfalls.  The situation resembles the run-up to the subprime mortgage meltdown

Meanwhile, the first of 78 million Baby Boomers born between 1946 and 1964 reach age 65 in 2011. This demographic bubble ensures fiscal strains unlike anything the U.S. has ever experienced.

Breaking the Habit

The topmost few have fared well over the past three decades. Then there’s everyone else.

In 1981, a $872 billion tax cut and investment stimulus helped expand national net worth by $5 trillion from 1983 to 1989. 54% was claimed by the half million families who make up the top one-half of one percent of the U.S. population.

That works out to an average $5.4 million gain per already-wealthy household. That’s a $65,000 increase in wealth per month or $90 per hour, 24 hours a day.

As with our wars, that surge in personal wealth was financed with debt. While the public got the debt, the well-to-do got ownership of the assets financed with that debt, along with the bulk of the interest.

That boost to personal wealth dates to when the stock market was a fraction of what it is today. Now the top 1% have a combined net worth greater than the bottom 90 percent.

The top 1% own 34% of all private net worth; the bottom 90% own 29%.

From 2002-2006, the topmost one percent received two-thirds of the gains in national income. That trend has remained steady over three decades.

During the 1977-1989 period, the top 1% claimed 70% of the increase in household income. The U.S. is now witnessing its widest ever disparities in wealth and income.

Reagan-era “supply-side” economics was marketed with campaign rhetoric remarkably similar to what we hear again today.

Reagan policies doubled the national debt in just one year.

Financial Reality

Over the past several decades, financial freedom has emerged as a proxy for personal freedom and the pursuit of financial returns as a proxy for the pursuit of happiness.

The economic environment changed such that those values not calculable in money are, by design, displaced. While that may not be what we want, that’s what we were schooled to do.

The trends confirm steadily increasing disparities in both wealth and income. Much as concentrated wealth undermines democracies, concentrated income undermines markets.

Americans do not yet grasp how this money-myopic mindset worked its way into education and imbedded itself in law. Yet our shared embrace of a “consensus” mindset induces us to freely embrace the very forces that now jeopardize our freedom.

There are no winners in this model, only creditors and debtors. The trends are not even good for the financially well-to-do. Lawmakers are right to worry that civil disorder is emerging as a possibility in reaction to growing social discontent.

Lacking the political will to address this steady dissolution of civil society, the U.S. faces increasing instability. How Americans respond will define what America becomes.

Should the union dissolve, the seeds of its destruction will be traceable to this shared mindset.


Jeff Gates is author of Guilt By Association – How Deception and Self-Deceit Took American to War. See

View the original article at Veterans Today

Related Posts with Thumbnails

Posted in Civil Rights and Privacy, Finance & Economics.

Tagged with , , , , , , .

0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Some HTML is OK

or, reply to this post via trackback.

Support #altnews & keep Dark Politricks alive

Remember I told you over 5 years ago that they would be trying to shut down sites and YouTube channels that are not promoting the "Official" view. Well it's all happening now big time. Peoples Channels get no money from YouTube any more and Google is being fishy with their AdSense giving money for some clicks but not others. The time is here, it's not "Obama's Internet Cut Off Switch" it's "Trumps Sell Everyones Internet Dirty Laundry Garage Sale". This site must be on some list at GCHQ/NSA as my AdSense revenue which I rely on has gone down by a third. Either people are not helping out by visiting sponsors sanymore or I am being blackballed like many YouTube sites.

It's not just Google/YouTube defunding altenative chanels (mine was shut), but Facebook is also removing content, shutting pages, profiles and groups and removing funds from #altnews that way as well. I was recently kicked off FB and had a page "unpublished" with no reason given. If you don't know already all Facebooks Private Messages and Secret Groups are still analysed and checked for words related to drugs, sex, war etc against their own TOS. Personally I know there are undercover Irish police moving from group to group cloning peoples accounts and getting people booted. Worse than that I know some people in prison now for the content they had on their "secret private group". Use Telegrams secret chat mode to chat on, or if you prefer Wickr. If you really need to, buy a dumb phone with nothing for the NSA/GCHQ to hack into. Ensure it has no GPS tracking on it and that the battery can be removed. These are usually built for old people to get used to technology storing only a set of numbers to call. However they have no games, applications to install or other ways people can exploit the computer tracking device you carry round with you most of the day - your smart phone. If you are paranoid ensure that you can remove the battery when travelling around and do so to prevent GPS tracking or phone mast triangulation. Even with your phone in Flight mode or turned off, it can be turned on remotely and any features like front or back cameras, microphones and keylogging software can be installed to trace you.

So if your not supporting this site already which brings you news from the Left to the Right (really the same war mongering rubbish) then I could REALLY do with some..

Even if it's just £5 or tick the monthly subscription box and throw a few pound my way each month, it will be much appreciated. Read on to find out why.


Any support to keep this site would be appreciated. You could set up a monthly subscription for £2 like some people do or you could pay a one off donation as a gift.
I am not asking you to pay me for other people's articles, this is a clearing house as well as place to put my own views out into the world. I am asking for help to write more articles like my recent false flag gas attack to get WWIII started in Syria, and Trump away from Putin. Hopefully a few missiles won't mean a WikiLeaks release of that infamous video Trump apparently made in a Russian bedroom with Prostitutes. Also please note that this article was written just an hour after the papers came out, and I always come back and update them.

If you want to read JUST my own articles then use the top menu I have written hundreds of articles for this site and I host numerous amounts of material that has seen me the victim of hacks, DOS plus I have been kicked off multiple hosting companies, free blogging sites, and I have even had threats to cease and desist from the US armed forces. Therefore I have to pay for my own server which is NOT cheap. The more people who read these article on this site the more it costs me so some support would be much appreciated.

I have backups of removed reports shown, then taken down after pressure, that show collusion between nations and the media. I have the full redacted 28/29 pages from the 9.11 commission on the site which seems to have been forgotten about as we help Saudi Arabia bomb Yemeni kids hiding in the rubble with white phosphorus, an illegal weaapon. One that the Israeli's even used when they bombed the UN compound in Gaza during Operation Cast Lead. We complain about Syrian troops (US Controlled ISIS) using chemical weapons to kill "beautiful babies". I suppose all those babies we kill in Iraq, Yemen, Somalia and Syria are just not beautiful enough for Trumps beautiful baby ratio. Plus we kill about 100 times as many as ISIS or the Syrian army have managed by a factor of about 1000 to 1.

I also have a backup of the FOX News series that looked into Israeli connections to 9.11. Obviously FOX removed that as soon as AIPAC, ADL and the rest of the Hasbra brigade protested.

I also have a copy of the the original Liberal Democrats Freedom Bill which was quickly and quietly removed from their site once they enacted and replaced with some watered down rubbish instead once they got into power. No change to police tactics, protesting or our unfair extradition treaty with the USA but we did get a stop to being clamped on private land instead of the mny great ideas in the original.

So ANY support to keep this site running would be much appreciated! I don't have much money after leaving my job and it is a choice between shutting the server or selling the domain or paying a lot of money just so I can show this material.

Material like the FSB Bombings that put Putin in power or the Google no 1 spot when you search for protecting yourself from UK Police with "how to give a no comment interview". If you see any adverts that interest you then please visit them as it helps me without you even needing to give me any money. A few clicks per visit is all it takes to help keep the servers running and tag any tweets with alternative news from the mainstream with the #altnews hashtag I created to keep it alive!

However if you don't want to use the very obvious and cost free ways (to you) to help the site and keep me writing for it then please consider making a small donation. Especially if you have a few quid sitting in your PayPal account doing nothing useful. Why not do a monthly subscription for less money instead. Will you really notice £5 a month?