Reply #38: Do you think there are skewed stats that essentially back them up?

[Tansy_Gold]

What I mean by that is -- When 1% of the population controls something like 70% of the wealth, doesn't that skew the stats? It's like putting Bill Gates in with ten other people from the bottom 99% and saying "These eleven ordinary folks have an average net worth of $1.8 billion!"

So when the benefits of increased productivity are REAL but they all flow to the top 1%, that doesn't change the productivity rate or the creation/accumulation of "wealth." In fact, the numbers alone -- or the carefully selected numbers -- may NOT indicate a recession/depression/total catastrophic collapse. And if we factor in the $516tr of derivatives as "created wealth," that skews things even more. Reality, of course, indicates otherwise.


Tansy Gold, dealing with reality and wondering who is the sucker who is going to ultimately buy those $516tr in derivatives. (Oh, wait, it's us, isn't it??? :grr:)