Ronin of the Spirit

Because reality is beautiful.

Food for thought

debtgdp.jpgTodays dollar as referenced to 1996 dollars has declined in value by 32%

Todays dollar as referenced to copper has declined by 400% since 1996

Todays dollar as referenced to gold has declined by 400% since 1996

Todays dollar as referenced to silver has declined by 400% since 1996

The gap between the wealthiest 10% and the poorest 10% is greater in the United States than any other country except Russia. That includes communist China.

The ratio of the compensation of CEOs to the average worker in 1974 was 35 to 1; now it is 150 to 1.

Referenced to inflation, the wages of the bottom 1/3 of population has declined by around 75%. Wages for the middle third declined by 20%. Wages for the top 1/3 have more than doubled.

2% of the population controls 55% of the wealth in the US, again this figure is unmatched in the world.

Household debt (credit card debt, short term loans, car loans, and home loans) makes up 97% of the GDP. In case this sounds normal, it was 20% in 1950.

The US has the largest inmate population in the world, with more than 2½ million

Although the United States represents less than 5% of the world’s population, over 25% of the people incarcerated around the world are housed in the American prison system

As a percentage of total population, the United States also has the largest imprisoned population, with 738 people per 100,000 serving time, awaiting trial or otherwise detained

Counting the incarcerated, the US has the highest per capita unemployment on earth. Worse than many developing countries.

January 23, 2008 - Posted by | Government | , , , ,

1 Comment »

  1. We have of one of the worst economies around right now. One look at CNN or MSNBC and all you see is one piece of bad news after another: “Bank of American barely profitable”, “CA loan defaults at 15 year high”, “Lehman Brothers Bank fires 1300”, “Oil falls on shaky economic outlook”. Shoot, the Fed keeps cutting rates to try to ease the pain and boost the economy back up and all it does is drop the value of the dollar more and like recently demonstrated, it still doesn’t prevent the Dow Jones industrial average from still falling. Our economy is on the brink of a recession – some argue we are already there – and the pain is just going to get worse.

    We are one of the most successful and powerful countries, yet our economy is failing and we can’t stop it. It is going to get worse, unemployment is going to get worse, and we could face a huge economic depression.

    It’s certainly not getting better any time soon…
    Good luck!

    Comment by Sui generis | January 23, 2008 | Reply

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