Friday, October 14, 2011

62 Million Americans Have Zero Or Negative Net Worth

62 Million Americans Have Zero Or Negative Net Worth

62 million Americans have zero or negative net worth. Wow. Think about that for a second.

These are hard working people. They made good decisions. They did not take massive risks. Deregulated markets were going to provide the ways and means, they were told.

But a decade of unparalleled financial thievery and corruption, of artificially inflated commodity prices, we now have millions displaced from their homes through a rotten and perverted mortgage market, all the worse because of the crimes of the modern financial elite.

Take your pick: from bribery and insider trading and market manipulation, to backroom dominance of government and the usurping of the regulatory structure from within, the 50-headed hydra of Wall Street corruption simply can’t be seen by the public or put on TV.

So what do people do? They pick on a myth. Are 62 million people lazy? Should they just “get a job” to make it better? When the real evil is clearly the banks, certain types vindictively want to pick on their fellow man, the 99%, and place blame on them. For not struggling enough? For not having 3 or 4 jobs which still are not enough?

The point is we should not all be struggling. The system played us all. It’s time to change the system.

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