Middle class families face a triple whammy
My Note: Folks, if you are middle class like me you MUST read this. They are coming after us hard and will drain every last cent we have. It’s not the Big Corps anymore but little old you and I. That’s what this Criminal scum Government of ours and there Globalist Masters think of us….Just something to clean of the bottom of their shoes!
Edmund Conway
Telegraph
July 2, 2010
You don’t usually expect radical neo-Marxism from the International Monetary Fund – the last great bastion of capitalism, spreading the gospel about the free market to the furthest reaches of the world. And yet, hidden away in an obscure IMF report a few years back is a short sentence that explains precisely the problems that Britain, and the rest of the Western world, have been sleepwalking towards for years.
The claim made by the IMF’s Financial Stability Report in 2005, in a seemingly throwaway remark, was that households had become the financial system’s “shock absorber of last resort”. In other words, whereas in previous eras, much of the pain of recession and financial crisis was borne by businesses or governments, with families afforded some degree of protection by the pensions system or welfare state, it was now households who were far more likely to face the music.
2 Comments to Middle class families face a triple whammy
Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.
Brilliant work, you really helped me understand the topic with ease.
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August 1, 2011