RE: The middle class

[spudb...@aol.com]

I don't disagree, but do allow yourself to reflect that it is not just the rich, uncle money bags, Republican, of our youth that accepts money from globalist oligarchs, but in fact the party of the little man the Democratic party that is now a wholly owned subsidiary of many Democrat funding, China facing, oligarchs. Beyond this I suspect we are both on the same team, or forced to be on the same team, cuz we are neither poverty stricken people of the streets, nor are we servants of the oligarchy. That's again the old saying holds that politics makes strange bad fellows, indeed!

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On Saturday, February 27, 2021 John Clark <everyth...@googlegroups.com> wrote:

Americans like to think they live in a meritocracy but they don't, the truth is if you're born poor in the USA and are talented you're less likely to get rich than if you were born in other advanced countries, particularly one of the Scandinavian socialist countries. Take a look at this graph, it's informally called "The Great Gatsby Curve" by economists and is a plot of the Gini coefficient for several industrialized countries (a measure of economic inequality) against economic mobility (the likelihood if you're born in one economic class you'll die in the same economic class):  

The Great Gatsby Curve

As you can see the USA is in the extreme upper right of the plot and that is exactly where you don't want to be; enormous economic inequality and little economic mobility, the same conditions that occurred just before the French Revolution. The only reason there hasn't already been blood in the streets is probably because the poor are unrealistically optimistic about getting rich. Here is another interesting graph, it plots several country's actual economic mobility against the perceived economic mobility with the diagonal line representing an accurate assessment of posabilities. As you can see Americans are far too optimistic while most other countries are somewhat too pessimistic, only the Italians get it about right and see things as they actually are:  

Actual Mobility Versus Perceived Mobility

So we're sitting on a time bomb and the only thing stopping it from going off is a misperception by the poor and lower middle class, but it's only a matter of time before they wise up and when they do I suggest you invest in guillotine futures.

 John K Clark      See what's on my new list at  Extropolis

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[Lawrence Crowell]

On Saturday, February 27, 2021 at 8:08:27 PM UTC-6 spudb...@aol.com wrote:

I don't disagree, but do allow yourself to reflect that it is not just the rich, uncle money bags, Republican, of our youth that accepts money from globalist oligarchs, but in fact the party of the little man the Democratic party that is now a wholly owned subsidiary of many Democrat funding, China facing, oligarchs. Beyond this I suspect we are both on the same team, or forced to be on the same team, cuz we are neither poverty stricken people of the streets, nor are we servants of the oligarchy. That's again the old saying holds that politics makes strange bad fellows, indeed!

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On Saturday, February 27, 2021 John Clark <everyth...@googlegroups.com> wrote:

Americans like to think they live in a meritocracy but they don't, the truth is if you're born poor in the USA and are talented you're less likely to get rich than if you were born in other advanced countries, particularly one of the Scandinavian socialist countries. Take a look at this graph, it's informally called "The Great Gatsby Curve" by economists and is a plot of the Gini coefficient for several industrialized countries (a measure of economic inequality) against economic mobility (the likelihood if you're born in one economic class you'll die in the same economic class):  

The Great Gatsby Curve

As you can see the USA is in the extreme upper right of the plot and that is exactly where you don't want to be; enormous economic inequality and little economic mobility, the same conditions that occurred just before the French Revolution. The only reason there hasn't already been blood in the streets is probably because the poor are unrealistically optimistic about getting rich. Here is another interesting graph, it plots several country's actual economic mobility against the perceived economic mobility with the diagonal line representing an accurate assessment of posabilities. As you can see Americans are far too optimistic while most other countries are somewhat too pessimistic, only the Italians get it about right and see things as they actually are:  

Actual Mobility Versus Perceived Mobility

So we're sitting on a time bomb and the only thing stopping it from going off is a misperception by the poor and lower middle class, but it's only a matter of time before they wise up and when they do I suggest you invest in guillotine futures.

The blood letting will be "more democratic." Rwanda is a better model. There the power seekers imported machete's that Hutu people were implored to use against the Tutsis. In the US there are more guns than citizens; the implements of death are already there and largely in the "right hands." All it takes is the right madman to mobilize the QAnon cult affected population of this nation into mass madness of carnage and murder. 

Smart is the person who is seeking some way out of here. The end of t'Rump with Biden as president is just a 4 year, maybe if we are lucky 8 year, reprieve from another round of right winged madness. The history has been 2 steps right, one step left ---- repeat, and we are now in the left phase of this death waltz. At some point this waltz will become the tango of mass-death, where I suspect it will be in the next rightward shift.

LC

[spudb...@aol.com]

I am keeping my eye on the economy under the new, and not ancien' regime, regarding inflation and unemployment. If, post-Covid, unemployment rises along with prices at the supermarkets, plus at the gasoline pump, and or there begins to be rolling blackouts because of federal policy, sure there will be  revolt. But rather instead of a revolt, I would go with the probability of a de facto Split. This would be that all the Donald voters Adios to oligarchic rule from Sili Valley, Wall Street, The Banks, Big Media, and yeah, academia. 

This occurs if and only if, the above calamities occur in real life. If it never occurs or is so mild as to make my warnings laughable (why not) that all is good in any case. If the progressives in and out of government fail hugely upon the economy, I could see different things occurring, one in which a Constitutional Convention is called, and we all go our own way. Rely on some of the billionaires that supported this arrangement, backstabbing Kamala or whoever is in charge and (for the sake of profit), siding with us. Now, all this is speculation, but its important to keep the eye on the economy, and to remember that the economy is not simply, the billionaires, their media, or even the democrat rank and file.

 https://time.com/5936036/secret-2020-election-campaign/

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