Debt Rattle Aug 17 2014: America Can See Its Future In The Mirror

“Segregation by race has always remained inevitably linked to segregation by wealth and income. As a hugely disproportionate number of black kids continue to be incarcerated under a prison system that locks away more citizens than in any other country.”

This is true in recent years, but it’s NOT historically or “always” true.

Before 1950, black neighborhoods included plenty of prosperous blacks. A black laborer was likely to live near a black doctor, while a white laborer lived far away from white doctors. This meant that black communities were ‘complete’. The morality and work ethic of middle-class business owners influenced lower-class blacks. Result: Low unemployment, low criminality. A close look at the 1940 Census shows this clearly.

After 1954, old black neighborhoods were demolished and black schools were eliminated. Prosperous blacks moved into white areas, and the black lower class was left without any role models or moral influences that it could understand. After 1980, your friends the environmentalists conspired with capitalists to eliminate manufacturing from American cities. This eliminated the jobs that had enabled lower-class blacks to move up the economic ladder.

Result: What we see now.

Polistra,

If the environmentalists caused American manufacturing to leave, you’d think big corporate would have given them a hearty thank you for making it easier to switch to cheaper labor (which started earlier from the northern US to the southern).

As a America, I think our culture is indeed sleepwalking. Don’t know, though, about putting MLK and Muhammad Ali in the same sentence.

Alan Greenspan is lying.
If the US government can print money, THEN WHY IS IT IN DEBT PRIMARILY TO ALAN GREENSPAN’S ULTIMATE EMPLOYERS RIGHT NOW?
Of course, he doesn’t talk about that CONTRADICTION because that would expose the con game for which he’s fronting.
Alan spent his whol career lying about the singular Federal Reserve Mandate – a lie told so many times that most people won’t even believe the simple law as written in Section 2A of the Federal Reserve Act. The mandate is to keep credit and monetary aggregates commensurate with the economie’s long term productive potential. That’s it. What follows are the expected benefits of following the singular mandate… but since Greenspan criminally broke Section 2A for his entire career, he lies about the mandate.
Lucky for him “laws” for the dElites don’t have any penalties, right? The “more equal than other animal” laws aren’t like Muppetry laws that actually have penalties.

I have likened Ferguson, Mo. to America’s Gaza. Which is also true of almost every black neighborhood in America.
I laugh (not for joy) every time I hear the phrase, “post racist America”. The denial is breath-taking.
As of Sunday evening, Ferguson is far from over…

“What are these people going to do when there are thousands of protesters, or tens of thousands?”

Tahrir Square? I fear the present course is already set; the Spice must flow…
These are not police, but something else entirely and this has been going on for years.

He did say his health wasn’t good (heart and lungs?) and no direct sunlight.
The U.S. is firmly behind this abomination of human rights violations and injustice.
Sweden is the joker in this deck; I had no idea.
The only positive I can see is that the US is losing all of its credibility by its rogue behavior; as you so rightly illustrate and speak to, and the world increasingly pulls away from a diminishing empire of hubris and impunity…
Cheers