Even Fed Chair Janet Yellen Admits America Is An Oligarchy
Aaron Dykes and Melissa Melton
Activist Post.com
Saturday, May 10, 2014
Still think we’re a Constitutional Republic with a sound democratic process? Not even close.
When avowed socialist Vermont Senator Bernie Sanders recently put Federal Reserve Chair Janet Yellen on the spot at a Capitol Hill hearing regarding the state of America as an oligarchy, Yellen basically admitted that’s what our nation has become.
“In the U.S. today, the top one percent own about 38% of the financial wealth of America, the bottom 60 percent own 2.3 percent…” the Senator began, running down a harrowing description of the wealth gap in our nation which has helped to shift all the power into the hands of an elite few.
