According to the U.S. Federal Reserve’s table that’s headlined, “Distribution of Household Wealth in the U.S. since 1989”, the percentage of U.S. privately owned wealth which is held by the richest 1% has risen from 5% in 1990 to 36% today, more than a seven-fold increase.Continue reading America’s Richest 1% Owned 5% in 1990, Own 36% Today
On a scale not seen since the ‘great’ world depression of the 1930’s, the US political system is experiencing sharp political attacks, divisions and power grabs. Executive firings, congressional investigations, demands for impeachment, witch hunts, threats of imprisonment for ‘contempt of Congress’ and naked power struggles have shredded the façade of political unity and consensus among competing powerful US oligarchs. Continue reading Intra-elite Warfare: Oligarchs Succeed, Only the People Suffer!
We are pretty sure we are not alone when we say we watched Russia’s 70th Victory Parade with envy.
It was a glorious event, not only because the veil of undeserved claim of “exceptionalism” was forever lifted, but more on the fact that Eurasia has finally demonstrated its unequivocal unity in the face of a desperately dangerous enemy.
Continue reading Oligarchs are Not Powerful
By Robert Parry, Global Research, March 25, 2015, Consortium News
In the never-never land of how the mainstream U.S. press covers the Ukraine crisis, the appointment last year of thuggish oligarch Igor Kolomoisky to govern one of the country’s eastern provinces was pitched as a democratic “reform” because he was supposedly too rich to bribe, without noting that his wealth had come from plundering the country’s economy.
Continue reading Ukraine’s Oligarchs Turn on Each Other; Meet Flight MH17 Perpetrators