from OccupyCorporatism Website
The Federal Reserve Bank (FED) announced that the richest of Americans have become even wealthier over the last 3 years which has further widened the gap between rich and poor in the nation (see 'Changes in U.S. Family Finances from 2010 to 2013 - Evidence from the Survey of Consumer Finances').
Even after incomes were "adjusted" because of FED imposed inflation; it was still obvious that "the top 10%" of incomes rose by 2% which is reflected in a $6,000 increase. This is juxtaposed by the "median income" which fell 4% "for the bottom 20%" translating to a $600 difference.
In addition, middle incomes dropped 6% from $51,800 to $48,700.
The FED report shows :
During 2007-2010, the Federal Reserve banks provided "assistance" of more than a trillion dollars in "emergency loans" to stabilize the financial system. To stave this off, the American taxpayers were coerced by former President Bush and former US Treasury Secretary Hank Paulson.
During that incident, the US Senate was told emphatically that they had to approve a $700 billion bailout or else martial law would be implemented immediately (below video):
That money was funneled through the Federal Reserve Bank and wired to China, as well as other countries that were demanding repayment for the fraudulent securitizations.
To further avert financial catastrophe, as well as more debt or property seizure threats by the Chinese, the Euro was imploded there by plunging most of the European countries into an insurmountable free-fall for which they were never intended to recover.
All the money that those banks claimed they needed to avert collapse was also sent to the Chinese to add to the trillions of dollars lost during the burst of the housing bubble on the global market.
The GAO audit states that this transfer of funds from the FRBNY to the central Bank of China was an "unusual and exigent circumstance" that warranted the "emergency authority" of the FRBNY.
Under the guise of "emergency loans" waivers of banking employees and private contractors were given kickbacks.
Jamie Dimon, CEO of JPMorgan Chase & Co. and member of the board of directors of the FRBNY, was given an estimated $390 billion in "aid" from the FRBNY.
In kind, JPMorgan Chase was used as a money laundering institution during the mortgage-backed securities and derivatives scandal. Earlier this year, Oxfam released a report stating that 85 people in the world hold and control the same amount of the wealth as half of the world’s population.
The report findings include breakdowns of how this wealth is unequally distributed:
Oxfam expressed their,
This translates to the 3.55 billion poor people must live on what only 85 people possess monetarily. In other words those 85 richest people in the world have access to the same amount of resources as 42 million poor people on a global scale.
And just for measure, 42 million people equal roughly the populations of Canada combined with the populations of the states of Kentucky and Kansas.