Half the world's richest 1% live in the United States - PART TWO

How have we Organized our Production System?
Retrieved by Pat Darnell  |  Jan 28, 2012  |  Bryan TX

MooPig "Brain Industries Department" suggests spending an hour and a half to watch this one... it will help shake out cobwebs that are hurting your brain, concerning our current economic collapse. "To roll back our current Raw Deal we need to congregate and demand another New Deal." What shape that new deal forms is up to the people. Well, it is Democracy in the workplace; what a new, peculiar, concept!

Wages in the USA do not rise starting in 1978. Thirty years of no wage increase causes Middle Class borrowing binge. The system collapses in 2007. George "W" Bush's government throws trillions of dollars at the lenders, with no deliberations. Obama continues throwing money down the pit, as "incentives to private sectors to create jobs here." The fear of the lender, mostly banks, is not whether the politicians will pay them back -- "lenders own the politicians" -- but rather the fear that the people will not permit the government to pay back its debt.

That is the lender-borrower relationship that made the USA economy collapse in 2008, thirty years after wages were frozen. The gambit failed, what do we do now?

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PUBLISHED ON JANUARY 27, 2012
Professor Richard Wolff details the problems of capitalism and urges our recognizing its obsolescence and replacing it with institutions that truly serve the people.
Talk at Church of All Souls in New York City, January 24, 2012. Camera, audio: Joe Friendly

by Richard Wolff.

"W" Bush and Obama have proposed "incentives for the private sectors so that they will provide jobs." But that fails. Professor Wolff says the status quo is "absurd." He says American can do better than Capitalism.

Using parallels comparing now with Roosevelt's days, the professor tells us that "there is money now" ... don't listen to surly mouthed politicians who declare today there is "no money." There is enough money now to pay for the Middle-class to get back a foot hold. The corporations have to pay the bulk of the money needed. The politician has to mediate between the Middle Class and the employer-lenders. The people must act. [pd]

___________________Reference
http://rdwolff.com/content/costs-capitalisms-crisis-who-will-pay

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DEBT

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Bizarre Fact: Spreading the Debt

Retrieved and Posted by Pat Darnell from HERE
U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 04 Jan 2009 at 02:38:11 AM GMT is:
$ 1 0 , 7 1 1 , 5 5 1 , 2 7 5 , 8 2 8 . 3 1

The estimated population of the United States is 305,396,190
so each citizen's share of this debt is $35,074.28.

The National Debt has continued to increase an average of
$3.68 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!

Frequently Asked Questions about the Public Debt

• General Information

Make-up of The Debt

Ownership of the Debt

Financing of The Debt

Brought to you by MooPig Public Dis-Service Advertising Department and other Unconcerned Bureaucracy's

Teaching Anarchy always bites Back

Florence Koneal [MIGHT HAVE] come to the rescue of Joe Francis:
How did she do it? MooPig went under cover to find out why Wynn Las Vegas casino sued "Girls Gone Wild" founder Joe Francis, and how the internet has given him a second chance

LAS VEGAS, Nevada (AP) -- "Girls Gone Wild" founder Joe Francis is being sued by a Las Vegas Strip casino for $2 million in gambling debts from February of last year.

Francis spokesman Ronn Torossian said Tuesday that the man who built the soft porn empire already had satisfied his debt to the Wynn Las Vegas casino through "prior agreements."

In a statement, Francis said he planned to fight the lawsuit.

"The Wynn hotel has chosen not to honor its agreement to apply certain discounts to balances they have already been paid for," Francis said.

Francis said he was waiting for his day in court with Wynn Resorts Ltd. Chief Executive Steve Wynn and planned on "exposing how exactly Mr. Wynn deceives his high end customers."

Wynn Las Vegas spokeswoman Jennifer Dunne said she could not comment on the specifics of the lawsuit but said the casino wouldn't have sued unless other options were exhausted.

'Girls Gone Wild' sued for $2 million in gambling debt

* Story Highlights
* Wynn Las Vegas casino sued "Girls Gone Wild" founder Joe Francis
* Francis says he has satisfied his debt to the Wynn Las Vegas casino
* Francis, 35, also faces federal charges of phony tax deductions for 2002, 2003

"We don't file lawsuits against people after 30, 60, 90 days," Dunne said. "This has been an issue with our collections department for some time."

The resort said in the lawsuit filed Friday in Clark County District Court that it loaned Francis $2.8 million in February 2007 but was repaid only $800,000. The suit seeks the remainder of the loan plus costs.

Francis, 35, also faces federal charges that he claimed more than $20 million in phony tax deductions for 2002 and 2003 and used offshore accounts to conceal income. A federal judge in April ordered Francis' trial on the charges moved to Los Angeles because he and most other witnesses in the case live in Southern California.

From Florence Koneal Avenue 16 Rue
Treichville Abidjan Ivory coast,
Hello dearest one,after going through your profile i decided to contact you to help me out of my problem,however is not mandatory nor will i in any manner compel you to honour against your will,but i promise you that you will never regret helping me or knowing me, i hope and pray that our friendship will be a happy and lovely happy one,I am Florence Koneal 19 years old girl now, i was born on the 7of january 1989. to the family of Mr and Mrs Koneal my father name is Chief Mr Koneal, he is a very wealthy cocoa merchant who based in ACCRA and ABIDJAN respectively,and my mothers name is Chief Mrs Esthel Koneal,I am there only child,when i was a kid i went to a private schools and things were going on well for me and my parents till when my mother died on the 18 ST october 1995.
My father took me so special because i am motherless,and he shower all his love on me and promised me that he will never take another woman because he did not want any problem for me,but has fate may have it,I lost him mysteriously after his last business trip to France last year,though his sudden death was linked or rather suspected to have been masterminded by my uncle who travelled with him at that time,But only God knows the truth,on the day he died in the hospital he called me on his bed side that i should be very careful with his brothers and sisters and/his business partners that they are the people that planned and poisoned him acording to the doctors report.
He also and told me that he kept a sum of $10.300 000 dollar in a bank in Abidjan Cote D'ivoire,and used my name as the next of kin in depositing of the fund,he also explained to me that it was because of this money he was poisoned by his business partner and his big brother my uncle and that i should seek for foreign partner in a country of my choice where i would transfer this money and use it for investment purpose, such as,real estate investment or stock market investment,plesae,i am honourably soliciting your kind assistance as follows,in case if he did not survive the sickness.
1)To provide a bank account where this money will be transfered into.
2)To serve as the guardian of these fund,since i am 19 years old girl.
3)To make arrangement for me in your country to continue my educational career and to procure me a residential permit in your country.I am inclined to offer you 15% of the total sum as a mode of compensation for your effort after the successful transfering of these fund to your nominated account overseas.Pleasei will be very happy if this transaction will be concluded as soon as posible so that i can come over to your country and start my new life and also finish my education, I am expecting to hear from you as soon as possible, May Almighty God bless you as you do care for me Amen. PHOTO: Florence Koneal with her lip plug, going wild with her happy cow
Best regard Florence
flo_koneal01@yahoo.co.jp