Fwd: The System Is Officially Broken

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From: Outsider Club <ww-eletter@angelnexus.com>
Date: Wed, Apr 27, 2016 at 9:07 PM
Subject: The System Is Officially Broken
To: pascal.alter@gmail.com

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The System Is Officially Broken

By Nick Hodge | Wednesday, April 27, 2016

One of the reasons I founded Outsider Club — several years ago now! — was because of the fallout from the financial crisis and the Establishment's response to it. Stocks were breaking out to new all-time highs but there wasn't a shred of recovery in sight. Good jobs were replaced with worse jobs, lower paying jobs. A record number simply dropped out of the labor market altogether. But executives at banks — with shots of Federal free-money coursing through their veins — were being showered with record bonuses. The mess they caused to begin with was nowhere near resolved — and still isn't — and the tools the Establishment used to resolve it only further exacerbated the underlying problems and widened the inequality gap. The problem, I thought, was easy to see. But here we are, several years later, inequality is a major theme of national elections, and the pundits and talking heads are still scratching their heads like it's some sort of complex conundrum. It isn't. For the past 30 years your elected officials — right and left, Reagan, Bushes, Clintons, and Obama — have pursued economic policy that simply hasn't delivered for large portions of the country. It is a policy of Trickle Down economics. And the blatant truth is that absolutely nothing has trickled down. Adjusted for inflation, the median income of a full-time male worker in the United States is lower than it was 40 years ago. At the lower bounds of the middle class, wages are as low as they were 60 years ago. But something was different then — there was shared prosperity. Nearly everyone got two cars and a house in the suburbs. Today not everyone benefits when the economy grows. That is not conjecture, that is fact. Advertisement Apple's Latest Shocker Apple just made a shocking announcement that's going to turn the electronics industry on its head... And give you the opportunity to make 670 times your money. Get the detailed report here for free. The bottom 90% have seen their incomes stagnate for a third of a century, while the country as a whole, as measured by GDP, has grown. No system is perfect. And there will always be inequality. There was inequality in the post-WWII boom times as well, but never — never — at the levels we're seeing now. You have to admit there's a problem when that many people are not participating in economic growth. The symptoms and signs are everywhere. I've discussed them before. A third of the country on some sort of psychological drug. A heroin epidemic sweeping the nation. That doesn't happen when recovery and opportunity and optimism abound. A record number on food stamps. A growing number of protests with a widening list of reasons: Occupy Wall Street, Ferguson, Baltimore and, now, clashes at presidential rallies. The angst is growing. We're seeing a widening gap in health statistics, with financial distress linked to higher instances of disease and lower life expectancy. The suicide rate for middle-aged Americans is at a 30-year high. We have the highest level of incarceration rates in the developed world. It's not going well. It's not hard to see. But it can't and won't get better until there is a shift in policy and how institutions operate. And that simply hasn't come yet. The president addressed the nation a few months ago and said anyone who says the economy isn't doing well is "peddling fiction." I didn't make up any of the previous 400 words. And I'm not making this up, either: A report last year by the Pew Charitable Trusts found that 71% of the country was concerned about having enough money to cover everyday expenses. A joint report by George Washington University, Oxford, and Princeton researchers has concluded half of American adults are financially fragile. Nearly half (47%) of Americans would have to borrow money or sell something to come up with $400. That's according to a recent Federal Reserve Board survey. Which is totally ironic considering their policies have led to the absolute destruction of the dollar's value and the enrichment of corporations and those who run them at the expense of everyone else. Advertisement New Device Has Apple Execs Panicking You might not believe that what you're about to see is real, but I assure you the video has been left unedited. There are no special effects and no trickery — this technology exists today, and it's about to turn the entire technology industry on its head. Wired magazine says it will "change the way we interact with the world." Mark Zuckerberg says it will be used daily by "billions of people" across the globe. And we've uncovered the $7 tech firm making it all possible. This is a once-in-a-lifetime opportunity you don't want to miss. Again, not conjecture. Findings from a University of California, Berkeley study using income tax data and census figures has concluded that 95% of the all income gains between 2009 and 2012 went to the wealthiest 1%. Power and wealth is being concentrated at the top. And that's not how the system is supposed to work. But thanks to Establishment policies and decisions — everything from the education and tax systems to Supreme Court decisions — that is the system we have. It is unsustainable. This concentration of power and wealth is something I've written to you about before. It is a central theme of Outsider Club and its publications. I've told you about another Princeton study that recently concluded the U.S. is, in fact, an oligopoly — owned and controlled by a handful of corporations. Last year was the biggest year for mergers and acquisitions ever. In everything from health care (Pfizer/Allergan) and beer (InBev/SABMiller) to condiments (Kraft/Heinz) and chemicals (DuPont/Dow), control is being consolidated. When that happens, the little guy always suffers. Jobs are shed. Benefits are slashed. Comcast is bidding on Dreamworks just this morning. And it's getting worse. Low rates are going to banks and large corporations and not small business. That low interest is being used to pay dividends, buy back shares, and conduct mergers rather than to invest in progress and people. The organic growth the economy once enjoyed is gone. Because the middle class who once bought things is gone. So now natural growth has been replaced with financial engineering. A quarter of the world is enduring negative rates. It's not going to end well. But I firmly believe it will be better for those who take steps now to protect themselves with precious metals. You can't financially engineer a metal in your hand or in the ground that has had intrinsic value since long before dollars were created.  Value will return to real assets. It always does. Call it like you see it, Nick Hodge Publisher, Outsider Club P.S. We'll also soon be holding an exclusive event about gold hosted by our newest editor, Gerardo Del Real. It's free to attend. Simply click here to be put on the list, and we'll notify you when it's going to happen.

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