Sacking, Looting And Destroying America 1994-2013
December 9, 2012
1/4th of American workers make the UK minimum wage or less. The average 2011 college graduate has $25,000 in student debt and $3,500 in credit card loans. If those college grads conscientiously make their loan payments, their after tax spendable income is somewhere between the UK minimum wage of $9.60 an hour and the American minimum wage of $7.25.
Since the passage of the North American Free Trade Act in 1994, 12 million jobs were sent overseas and 56,000 manufacturing plants have been closed. America is still losing 23 manufacturing plants a day. In 1996 Catherine Austin Fitts was told by the head of the California state worker’s pension fund that there was no point to investing in America as he had been told that the United States was to be taken down. He decided to invest in products from Goldman Sachs, J P Morgan and their cohorts which we now know to be fraudulent. The Spire Law Group filed a 43 trillion lawsuit against more than 1,400 bankers, politicians and regulators demanding recovery of the money they stole from us.
Since the passage of NAFTA and the deindustrialization of America, the only remaining ways to make easy money in the modern world are to either participate in one of a series of Bubble frauds or pay the government money to put your competitors out of business. General Electric which pays no corporate income taxes but does make generous campaign contributions is allowed to operate coal fired electrical generation plants while the US Environmental Protection agency shuts down GE’s competitors. This has raised utility rates on financially distressed small businesses and increasingly impoverished Americans.