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Friday, June 6, 2014

Who Stole the American Dream?

Poor Man Survival

Self Reliance tools for independent minded people…


ISSN 2161-5543

A Digest of Urban Survival Resources

The Washington-Wall Street Cartel Broke its Social Contract with Americans
Political candidates take every opportunity to address how they will strengthen the middle class now that so many of those households are struggling.

Of course, it’s all a snowjob.  They seldom deliver on their promises.

 But to understand how the middle class ended up in such a mess, you have to look to a long history of decline set in motion by social and political factors. Pulitzer-winning reporter Hedrick Smith explores this history in his book, "Who Stole the American Dream?"

In the '70s, Smith says two things happened to hurt the middle class. First, wedge economics -- the wedge that split the middle class workers off from their share of American prosperity and from the profits of American companies.  Second, there was a tremendous power shift in Washington that has led to a "consistent policy tilt on behalf of corporations, on behalf of the corporate elite and the financial elite in this country."

Smith says we haven't been able to save the middle class because we've been doing a lot of things to hurt it.

"CEOs of companies thought it was their job to sustain and support the interests and balance the interests of the various stakeholders in the company, and that word 'stakeholders' is very important. It's not shareholders alone, but it's management, it's employees, it's suppliers, it's customers, it's the communities they lived in," he says. "As productivity in the American economy went up, so did the pay of the average person in America. That has not been true since 1973."

In his book, Smith discusses the shift from a pension system to the 401(k). He says it has been a disaster for middle class workers.

"You can't build a retirement system, you can't build a nest egg if you don't plunk the money away every year, but people can't do that. They can't discipline themselves. They're not smart about the market. There are people who have done well, but it's a small minority," he says. "That is one of the big thefts of the middle class dream. Hundreds of billions of dollars of annual expenditures have been taken off the company books and they've been put on the shoulders of individuals."

Smith says people need to organize in order to fix the broken systems that hurt the middle class. He says politicians have no choice but to pay attention to organized efforts and he believes there is going to be a change.

The Middle Class Is Dying

If you make more than $27,520 a year at your job, you are doing better than half the country is.  But you don’t have to take my word for it, you can check out the latest wage statistics from the Social Security administration right here.  But of course $27,520 a year will not allow you to live “the American Dream” in this day and age.  After taxes, that breaks down to a good bit less than $2,000 a month. 

If you like how the Washington-Wall Street Cartel hijacked our country, no need to read any further.  But if you're like most of us who are mad as hell, read on... 

 You can’t realistically pay a mortgage, make a car payment, afford health insurance and provide food, clothing and everything else your family needs for that much money.  That is one of the reasons why both parents are working in most families today.  In fact, sometimes both parents are working multiple jobs in a desperate attempt to make ends meet.  Over the years, the cost of living has risen steadily but our paychecks have not.  This has resulted in a steady erosion of the middle class


The solutions to surviving the war on the Middle Class can be found in our new e-book.

 Discover life-saving ways in which you can survive and prosper during The End of the Monetary System As We Know It. This is the information that your financial advisor, your doctor, your police precinct and your government hope you never discover…plus learn how food is your best investment!



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