Drums of Doom for Whom

“This is a battle for the survival of the middle class.  Many baby boomers who once believed Wall Street would be there to protect them will find they are out to sea with no paddle.  Maybe this will wake many people up to take action but given the strong belief in the get rich myth, you wonder if many would rather be paupers as long as they can believe in the phony notion of big money with little work and effort.  After all, Wall Street has mastered that game plan,” concludes My Budget 360. The battle, for all intent and purpose, has already been lost.

You cannot help a society or culture whose individuals collectively want to be rich like the big boys are. The middle class and even parts of the upper middle class are going to find themselves cut off from wealth as the world economy collapses from the weight of debt. There is no escape from the coming deflationary contraction as millions more lose their jobs due to ‘austerity’ programs that will spread like a plague over the western world. There is no escape but there are those who are prepared.

The People over at the Daily Bell are constantly harping on the downside for the elite as well who might have to run off to their underground bunkers themselves to cope with what they have shaped. As you shall sow you shall reap is the curse of the super rich for they have sowed so much cruelty, agony and pain it seems like there is a special hell waiting for them. From the Daily Bell:

“We don’t believe that the Anglo-American power elite is especially enjoying itself currently. We don’t believe it wants Europe to unravel anymore than the EU bureaucracy does. And sure … while what is going on in Europe seems to be a kind of pro-forma IMF/World Bank rescue of the type that has happened before. We think the power elite is struggling. We write about this regularly. The Internet has proved a terrible challenge.

The American Fed under tenacious attack in Congress, has less room to maneuver now that at any time since 1913, when it was launched. Let the Fed do ANYTHING underhanded or unconstitutional to bail out Greece or the other PIGS and it will likely be found out and broadcast over the Internet by GATA or some other watchdog group – and then Bernanke will undergo yet another grilling from Congressman Ron Paul. And it is not the grilling that is painful but the constant thump-thump of the collective feet of the public, growing angrier and angrier as they pursue the truth. Information has consequences. An enlightened public is a dangerous thing from the standpoint of the powers-that-be.

Conclusion: The hysteria of the mainstream media over the plight of the EU and the necessity to salvage it is misplaced. As is the perception of some in the alternative media that the elite has planned the current unraveling in detail and is on top of the situation. We think, in fact, that the EU, in various ways, is verging on becoming yet another failed elite promotion and, as we have written before, it couldn’t happen to a more deserving bunch

People generally don’t like being manipulated. Once they’ve figured it out, the game is up. These fear-based promotions that the elite uses to gather further control and wealth absolutely depend on people not figuring out that they are being purposefully frightened. In the 20th century, there was no Internet and no way to get the word out. All that has changed

And partially as a result, the elite’s faux-monetary system is compromised; its promotions, generally, are weakening; and people around the world are waking up. In a recent media interview with Russia Today, the insightful, free-market analyst Gerald Celente said much the same thing. He said a revolution (hopefully a civil one) was brewing, and that these are still, in fact, early days. The whole intricate elite program of the 20th century was collapsing, he indicated,” reported the Daily Bell.