Tag Archive for: Globalization

The Riddle of Climate Change

The Riddle: What climate does climate change change?

The Answer: The political climate of course.

Let me explain.

Pollution and climate change are two separate issues. Environmental pollution is a man-made problem that humans can and should remedy. Taking responsibility for our behavior is a necessary part of civilized life and eliminating environmental horrors like the Great Pacific Garbage Patch is something we all need to support. So far so good.

Climate change, on the other hand, is a natural phenomenon that is an intrinsic part of the earth’s environmental history. For the past millions of years the natural climate on Earth has fluctuated between warm periods and ice ages in approximately 100,000 year cycles. 80-90,000 years of ice age are followed by 10-20,000 years of a warm period. 

Climate change was originally called global warming but environmental politicians had to change its name because the earth was embarrassing them by cooling. A rose by any other name is still a rose and so is climate change. The cooling and warming patterns of climate change are a natural, enduring, and ongoing phenomenon. 

It is absurd to insist that man is responsible for changing the earth’s climate so why does the narrative persist? Let’s find out by identifying who the the climate activists are and by determining who benefits from the narrative of man-made climate change. 

Radical leftist political ideologues have taken control of legitimate environmental concerns and torqued them to promote their own agendas. In a previous article titled, “The Humanitarian Hoax of Climate Change: Killing America With Kindness” I explain how the original mission of environmental groups like Greenpeace was abandoned in support of the unscientific politically motivated insistence upon man-made climate change. Greenpeace founding member Dr Patrick Moore unequivocally rejects the pseudo-science being used to support the unsupportable claims of man-made global warming and climate change. 

Why do leftist politicians and environmental lobbyists continue to support their climate change narrative? Because man-made climate change is not scientific – it is a political scheme designed to transfer the wealth of industrialized nations, particularly the United States, to non-industrialized nations. It is globalized socialism where assets of productive countries are confiscated and awarded to non-productive nations using the ruse of “saving the planet.”

America-first President Donald Trump withdrew from Obama’s commitment to the costly anti-American Paris Climate Accord. Americans for Tax Reform reports that the Paris Agreement was the product of the 2015 United Nations Climate Change Conference in Paris where Obama committed to reduction goals that would reduce the US GDP by over 2.5 trillion dollars and a shortfall of 400,000 jobs by 2035. Unsurprisingly, President Trump’s withdrawal was loudly criticized by the globalist nations seeking to diminish the manufacturing capabilities of the USA. 

The leftist Democrats recently unveiled their latest scheme to advance their man-made climate change narrative – the economy killing Green New Deal. In a scathing indictment of the plan Investor’s Business calls it enviro-socialism which describes its foundational objective perfectly. Like the Paris Climate Accord, the Green New Deal is designed to be the death knell to free-market capitalism because that is the goal of the leftist Democrats insistence upon man-made climate change.

More doomsday fear mongering is featured in a Breitbart article discussing David Wallace-Wells’ new book The Uninhabitable Earth: Life After Warming that predicts there will be 100 million climate refugees by 2050. SERIOUSLY? Wallace-Wells defends his cataclysmic predictions saying that he worked from the worst warming scenario presented by the United Nation’s Intergovernmental Panel on Climate Change (IPCC).

A stunning Forbes article published 2.5.13 titled, In Their Own Words: Climate Alarmists Debunk Their ’Science’ quotes Kevin Trenberth, a lead author of 2001 and 2007 IPCC report chapters, who admits, “None of the models used by the IPCC are initialized to the observed state and none of the climate states in the models correspond even remotely to the current observed state.” 

The same Forbes article quotes former Soviet Union President Mikhail Gorbachev who “emphasized the importance of using climate alarmism to advance Marxist objectives saying, ‘The threat of environmental crisis will be the international key to unlock the New World Order.’” Gorbachev was referring, of course, to the new world order of an internationalized world community administered under the auspices of the United Nations.

So, what climate does climate change change?

The political climate of course. 

Climate fearmongering advances the international political agenda to internationalize the world into a new world order. Climate alarmism is political science masquerading as environmental science. It is part of the despicable effort to de-industrialize the United States of America and collapse her economy.

Radical leftist Barack Obama, the most anti-American president in US history, pledged to make climate change a second-term priority during his 2013 inaugural address. In an exceedingly condescending message of epic hyperbole he prophesied, “Some may still deny the overwhelming judgment of science, but none can avoid the devastating impact of raging fires and crippling drought and powerful storms.”

What made America the freest, wealthiest, most powerful nation on earth was the United States Constitution and free market capitalism. The war against America targets both.   

Obama’s foreign policy willingly subsidized European socialized economies and military readiness through our disproportionate NATO contributions. His parting gift to our enemy Iran was 150 billion US dollars and 1.8 billion more in pallets of cash. Obama’s crushing domestic economic policies deliberately sent businesses and jobs out of the country and increased our welfare rolls. 

Obama utilized the Cloward-Piven political strategy to collapse the US economy by overloading the public welfare system but that still was not enough to do the job. Open borders and climate change policies were required to destroy America’s economy and replace it with socialism.

The Green New Deal is a continuation of the redistribution of American wealth through the United Nations globalization efforts. The UN’s global man-made climate change campaign unfairly targets the United States and ignores Russia, China, and India’s non-compliance. Why? Because the goal of the deceitful campaign is to collapse America’s economy. 

Politics is war.

The next big battle in the war between Americanism and Socialism will be fought in 2020 at the ballot box. War makes strange bedfellows and the radical leftist Democrats have allied themselves with the RINOs and Islamists to bring down America. Here is the problem.

The RINOs are closet globalists who represent the most dangerous element in this unholy anti-American alliance because globalists consider socialism and Islamism to be temporary means to an end. The long term objective of globalism is the New World Order of one world government ruled by the globalist elite of course. 

Socialism promises prosperity and delivers poverty. Islamism promises peace and delivers supremacist religious tyranny. Globalism promises both peace and prosperity but delivers a return to feudalism where a small ruling class has absolute power over a world population of serfs that it rules. 

We the people have the power to reject the radical leftist political climate and make America the freest, wealthiest, most powerful nation on earth again. We can preserve and protect our Constitutional freedom and free market economy by voting for Americanism in 2020.

Make America great again. It is very presidential.

RELATED ARTICLE: Ocasio-Cortez: People Maybe Shouldn’t Reproduce Due To Climate Change

EDITORS NOTE: This Goudsmit Pundicity column is republished with permission. The featured image is by Pixabay.

Trump, Money and the Fed

So who are these guys in this picture?Legendary author of The Creature from Jekyll Island”, researcher and film producer G. Edward Griffin, my good friend and founder of PollMole Dr.Richard Davis, (R.I.P.), Mad Max Mullen and oh a yeah, a much younger me, John Michael Chambers. This post, Trump, Money and the Fed lay the important groundwork and understanding for what President Trump has begun to take on.

Back in 2009 as the founder of the Save  America Foundation a 501(c)(4), we held a large convention in Tampa, Florida sounding the alarm bells in our desperate individual and collective attempts to save America. fast forward. Donald Trump has blasted onto  the scene. Some say he cannot handle the storm when in fact he is the storm. This really is a very important article. Please read on and share this post. People need to know to secure and expand our supportive base for President Trump for what lies ahead by end of Q1 2019, will be challenging.

The following has been excerpted and somewhat revised and edited from a book I wrote in 2014-2015 while in Belize and mostly in Thailand titled, “Misconceptions and Course Corrections”. Since Trump has begun taking on the Fed (Federal Reserve), I thought it would be good to gain a better understanding of what money actually is, who the Fed is, how they came to be and what it is that they have done. This is about to come to be challenged and changed forever beginning after in 2019. I will be writing about this historical event as it unfolds. It has already begun. But for those that need a better understanding of the Fed, I have resurrected this chapter. Here goes…

What is Money?

What is money? Money is an idea backed by confidence,which is used as a means of exchange, rather than say barter. Today we live in a debt based monetary system. Some say that money is the root of all evil; I disagree with this. There was a period of time many a moon ago where money did not exist, yet there was plenty of evil around. My best guess (I could be wrong), is that people who misuse life’s energy are the root of all evil, not money. Money is not evil and abundance is wonderful; there are evil people.

In this world it seems we have assigned power to money. It’s a pretty big agreement since everyone seems to be trying to acquire the stuff. So to that end, money is power in the sense that it is the means by which one can acquire tangible items, own things, have things,influence people and agendas, as well as affording perhaps better healthcare,better food, some things luxury, and all things essential to survival. Money allows one to participate in many things as well as to travel. The person with money can also take advantage of various opportunities to explore many new aspects and experiences in life than a person without money. Having said all that, money is still not the measure of the man (woman).

Money can’t buy contentment or happiness or love, but it can ease the experience of life and living if handled properly.There is nothing wrong with acquiring great wealth. It’s what you do with this great wealth that helps determine the character of the person. Some people, as we know, become very greedy and misuse the power that comes with having lots ofmoney, and this can be seen in many ways. Others put that money to good use,such as a quality home, education for children and young adults, trust accountsfor posterity, and many are philanthropic or charitable.

History, Digging in a Little Deeper

Presently and since 1944, the U.S. dollar is the world’s reserve currency, and this, coupled with a great change that is currently taking place which will affect every person on the planet (which we will discuss a bit further on), is why we must understand more about the U.S.dollar and the debt based monetary system.

Many Americans and people throughout the world believe that the Federal Reserve in the United States is part of the Federal government. Nothing could be further from the truth. The Federal Reserve is no more a government agency than Federal Express! Check this video at marker1:09. Even former Fed chairman AlanGreenspan agrees.Freedom to Fascism, in case you missed all those years ago, can be viewed here. An absolute must see.

It is imperative if you want to understand how the money system works that you procure a copy of “The Creature from Jekyll Island,” a second look at the Federal Reserve by the legendary author, researcher, and film producer, Mr. G.Edward Griffin. This book will outline in great detail the formation of the Federal Reserve System.Below is a summary.

1910

In November of 1910, on Jekyll Island,Georgia, seven men who represented directly or indirectly one fourth of the world’s wealth, met in secrecy for nine days. It is there, at this location,where the Charter of the Federal Reserve was drafted. The Federal Reserve is a privately held for profit corporation,a banking cartel. The main objective for a corporation is to make a profit, and they do indeed make a profit. Let’s take a brief stroll through history as we look into the formation of the Federal Reserve and the results of the Federal Reserve Charter that was enacted into law by the U.S. Congress in1913.

J.P. Morgan, Senator Nelson Aldrich, Piatt Andrews, Frank Vanderlip, Henry P. Davison, Paul Warburg, and Charles D.Norton arranged for hundreds of millions of dollars to be poured into the campaigns of the most powerful members of Congress. In 1912, they backed an obscure Princeton professor for President of the United States, Woodrow Wilson.He later became President.

The Coup’ of 1913

Late on Tuesday December 23, 1913, just days after the Christmas recess had commenced, a secret Senate vote was“arranged” with only a few Senators remaining in Washington D.C.The act passed with 43 voting “yea” and 25 voting “nay.” 27 did not vote since they had not been notified and had already left town to go home for the Holidays. All had previously expressed their opposition to the act. So on Dec 23, 1913, their plan worked by one of the most cunning manipulations in parliamentary history;Congress passed the Federal Reserve Act of 1913.In its charter, the act clearly states as its main objective: “To provide the action with a safer,more flexible, and more stable monetary and financial system.”

This means of a fractional reserve debt system controlled by a private for Profit Corporation has not worked out too well for the American people and thus the world to a greater or lesser extent.I mean we do not have a more stable monetary financial system at all.What we have is a debt based monetary system no longer backed by gold or silver. We have a currency that will soon be replaced as the world’s reserve currency. The Federal debt alone is $19 trillion dollars. It is mathematically impossible topay off this debt which will in a couple of short years will soon reach $22trillion and will make the U.S. situation look like Greece on steroids! Therefore “a safer, more flexible and more stable monetary and financial system” as set forth in this charter clearly has not worked out so well. And so by this means of fractional reserve banking,governments may secretly and unobserved, confiscate the wealth of the people and not one man in a million will detect the theft. This system of fractional reserve banking and the printing of all this fiat (now digital fiat) currency,is purely inflationary and the U.S. dollar has lost over 95% of its purchasing power since its inception.

1944 The Bretton Wooods Agreement

Another critical factor, which contributed to the rise of power in America, was the Bretton Woods agreement of1944. The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world’s major industrial states in the mid-20th century. The BrettonWoods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states. It is through the Breton Woods agreement that the U.S. dollar became the world’s “reserve currency. 

Preparing to rebuild the international economic system as World War II was still raging, 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel in Bretton Woods,New Hampshire, United States, for the United Nations Monetary and Financial Conference. 

The delegates deliberated upon and signed the Bretton Woods Agreements during the first three weeks of July 1944. Setting up a system of rules, institutions, and procedures to regulate the international monetary system, the planners at the Bretton Woods Agreements during the first three weeks of July 1944. Setting up a system of rules, institutions, and procedures to regulate the international monetary system, the planners at Bretton Woods established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD),which today is part of the World BankGroup. These organizations became operational in 1945 after a sufficient number of countries had ratified the agreement.

The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate by tying its currency to the U.S. dollar and the ability of the IMF to bridge temporary payments. Simply stated, the power centers of the world met in Bretton Woods, New Hampshire and it was decided that international trade and settlements such as the purchase of oil for example, must be exchanged with the U.S. dollars. This meant that the central banks of these nations were required to have sufficient U.S. dollars.

As a result, the increasing global demand for the U.S. dollar continued and based on supply and demand this kept the dollar strong. Another reason for this decision in 1944 is due to the fact that up until that point in history, America’s currency was kept under control without runaway inflation as the U.S. dollar was backed by gold and silver and  the trust and confidence in the US.Dollar was strong. Confidence is the critical underlying factor that keeps the financial structures and systems in place.Including confidence in the currency itself. In fact it can be stated that money is nothing more than an idea backed by confidence and a means to easily facilitate trade and keep order. What happens when this confidence is shattered?

1971 – The Nixon Shock

On August 15, 1971, the United States unilaterally terminated convertibility of the dollar to gold. As a result, the Bretton Woods system officially ended and the dollar became fully ‘fiat currency,’backed by nothing but the promise of the federal government. This action, referred to as the Nixon shock, created the situation in which the United States dollar became a reserve currency used by many states. From the1970’s and forward, Americans enjoyed what is considered to be a lavish lifestyle in comparison to most countries around the world.

Lesson from the Dustbin of History

 “Give me control of a nation’s money supply, and I care not who makes its laws.”– Amschel Rothschild, Mayer and German banker. He was the founder of the Rothschild family international banking dynasty.

The best way to destroy the capitalist system is to debauch its currency.” “The best way to crush the bourgeoisie (middle class), Is to grind between the millstones of taxation and inflation.” – Vladimir Lenin, Chairman of Russia’s Council of peoples Commissars 1917-1924

“By a continuing process of inflation,government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” –John MaynardKeynes, Fabian Socialist and father of Keynesian Economics

“The dirty little secret is that both houses of Congress are irrelevant. Both   congress is now being run by Alan Greenspan (Ben Bernanke today) and the Federal Reserve and America’s foreign policy is now being run by the IMF. When the President decides to go to war he no longer needs a declaration of war  Money in our current system is nothing more than debt, and we have lots of it!.“ – Robert Reich 22nd U.S.labor Secretary

“The government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of the consumers. The privilege of creating and issuing money is not only   prerogative of government, but it is the government’s greatest  .” –President Abraham Lincoln

“If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.” President Thomas Jefferson

“Inflation has now been institutionalized at a fairly constant 5% per year. This has been determined to be the optimum level for generating the most   causing public alarm. A 5% devaluation applies, not only to the money earned this year, but to all that is left over from previous years. At the end of the first year, a dollar is worth 95 cents.At the end of the second year, the 95cents is reduced again by 5%, leaving its worth at 90 cents, and so on. By the time a person has worked 20 years, the government will have confiscated 64%of every dollar he saved over those years. By the time he has worked 45 years,the hidden tax will be 90%. The government will take virtually everything a person saves over a lifetime.” – American Author, Researcher and Filmmaker, G. Edward Griffin

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are   hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” – President Woodrow Wilson, aftersigning the Federal Reserve into existence

Money in our current system is nothing more than debt, and we have lots of it! Weeks away from http://usadebtclock.com/$22Trillion and that’s just the Federal debt alone!

Concluding Remarks

So the Federal Reserve, a private for profit baking cartel,comes to the table with no “skin in the game.” They unleash what is now digital fiat currency with no tangible backing or accountability into the banking system and this is then leveraged by Fractional Reserve Banking. The banks then can loan out these dollars (with a multiplier of 10 or 100 or more times the amount than they received from the Fed.), to other banks, to governments, corporations, and individuals and charge an interest rate. They typically own title for example, as in a mortgage or car loan. And when they decide to“reap the harvest,” they seize the assets when the consumer is unable to survive in a jobless inflationary climate (which they helped to create). They also fund both sides of all wars for huge profits as the innocent little children are laid in shallow graves and billed as nothing more than collateraldamage”.

This subject of Fractional Reserve Banking is also defined in great detail in a simple to understand format in the DVD titled“ Money as Debt”

This Federal Reserve Act of 1913,although passed by congress, was in contradiction to the United States Constitution which in Article 1, Section 8, Phrase5. It clearly states the following regarding money that “  have power to coin money, regulate the Value thereof, and of foreign Coin, and fix the standard of weights and measures.“ This power was given to a private bank called the Federal Reserve in 1913. Congressman Charles A. Lindbergh Sr. back then said – “This Federal Reserve Act establishes the most gigantic trust on earth. When President Wilson signs this bill, the invisible government of the monetary power will be legalized. This is the worst legislative crime of the ages that has been perpetuated by this banking and currency bill. From now on, all depressions will be scientifically created.”

And since the inception of the Federal Reserve, the U.S. Dollar has lost over 97% of its purchasing power. I believe the U.S. Dollar may experience a false sense of stability for the short to near term as the Euro and other currencies falter and fail, but once the U.S. dollar loses its world reserve currency status (at least as we know it) as the global financial reset is now upon us just a few short months from now (It is December23, 2018 as I write today), Trump will make his move against the Fed. Watch for my article on this in the coming days.

2019 and Beyond

It is because of this power and control which money affords that you will come to realize why governments and banks around the world are moving towards a cashless society. That’s right, a cashless society. If governments can control your money they can control your life. There are more and more laws, rules, and regulations in the U.S., Europe,and many places around the world restricting the amount of cash you can withdraw from your own accounts. Banks are now beginning to charge negative interest to hold your money.

Pulling cash from your bank or excessive international bank wires in any amount over a few thousand dollars, the banks can report you to the government as a “suspicious person,” potential money launderer, or terrorist, and a series of such withdrawals can put you in violation of criminal structuring/money laundering regulations, with huge fines and jail sentences. The ultimate goal of the global socialists is to eliminate all cash on a global basis and force everyone on the planet into the computerized electronic banking/credit card system. Cryptocurrencies have gained much momentum (albeit very volatile).

This will eventually lead to the National ID card, then the Global ID card, and then the chip through injection. This is the ultimate control and this is the direction the world is presently heading.I recommend getting a copy of the McAlvany Intelligence Advisor report May 2015 titled “War on Cash”, orread more about this in my archived articles section under “financial”.

So What to Do About All This?

There will be quite the bloodbath in the stock, bond and real estate markets. In fact, this has just begun. Support President Trump. Stay the course. Awaken others. Turn off the fake news. It is poisoning your mind, thoughts and feeling world and making you miserable. Follow Q-There is a plan.Stay informed. Sign up to receive my weekly articles to your in box via this FREE RSS Feed.

Surveys indicate that people no longer trust the media for news, politicians for the truth, or that Wall Street has Main Street’s best interest in mind. The John Michael Chambers Report informs and empowers individuals in a changing world. Sign up. Be informed and empowered. Stay connected.

As to your personal finances? The time for action is now. While so many others will continue to operate in the deceitful and flawed modalities being advised by an industry they no longer trust, critical thinkers see the dangers and opportunities. But you must act. A great change is on the near term horizon. The time for action is now. You can survive and thrive through the battle that has just begun for global currency supremacy. Got questions? I can help. Contact me.

Video Commentary

Beginning 2019, I will be providing a short weekly commentary video reflecting on the state of affairs as they unfold weekly. There will be unprecedented events occurring in 2019 and 2020. We will make sense of the madness as Trump takes on the Fed and the Deep State. The first video will be launched here on January 6, 2019 and each Sunday thereafter. Until then, have a Merry Christmas!
See you soon!

End of the Democratic Party: Meet the Faces of the Socialist Democrat Party of America

The Democratic Party is fielding candidates that show just how far they have moved away from the party of Thomas Jefferson.

The National Consortium for the Study of Terrorism and Responses to Terrorism, a Department of Homeland Security Center of Excellence led by the University of Maryland, in a 2013 article in the Journal of Terrorism and Political Violence titled “The Emerging Red-Green Alliance: Where Political Islam Meets the Radical Left” noted:

No matter how unlikely it may seem, radical Leftists and Islamists have come closer in recent years. Drawing on substantial ideological interchange, and operating at both state and non-state levels, the two movements are building a Common Front against the United States and its allies. In this article, we use framing theory to examine the contemporary convergence of political Islam and the radical Left. Both radical Leftists and Islamists have utilized the master frame of anti-globalization/anti-capitalism and the master frame of anti-colonialism/anti-imperialism to elicit support from the widest possible range of people. The emerging Red-Green alliance presents a complex challenge that will require careful attention from U.S. and European policymakers.

Here’s a video flashback when Chris Matthews asks key leaders of the Democratic Party about the difference between a Socialist and Democrat:

Today America’s Democratic Party resembles a real red/green alliance.

The Democrats are truly the party of Karl Marx and Mohammad. The new faces of the Democratic Party are either Socialist Democrats, like Ocasio-Cortea or Islamists, like Linda Sarsour and Rep. Keith Ellison. Many have written about the coming Red/Green alliance. We are now seeing it in the form of candidates who are winning Democratic Party primaries.

Watch Ocasio-Cortex try to describe the difference between Socialism and Democratic Socialism on ABC’s The View:

The Oxford Dictionary defines Socialism and Democratic Socialism as follows:

Socialism:

A political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. Policy or practice based on the political and economic theory of socialism. (in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism.

Democratic Socialism:

A form of socialism pursued by democratic rather than autocratic or revolutionary means, especially by respecting a democratically elected legislature as the source of political change; (also more generally) moderate or centrist socialism.

Groups like Black Lives Matter, Antifa, Occupy Wall Street, Women’s March and Families Belong Together all demand radical changes to American policies.

The July/August 2017 issue of The Atlantic had an article titled “What’s Wrong With the Democrats?” by Franklin Foer. Foer wrote:

Leaderless and loud, the Resistance has become the motive power of the Democratic Party…  The feistiness and agitation of the moment are propelling the party to a new place.

But where? The question unnerves Democrats, because the party has no scaffolding… Resistance has given the Democrats the illusion of unity, but the reality is deeply conflicted…

To produce a governing majority, the party will need to survive an unsettling reckoning with itself. Donald Trump didn’t just prevail over the Democrats; he called into doubt their old truths. [Emphasis added]

The Democratic Party is eating its own. Watch this video about how Hispanic Democratic Socialist candidate Ocasio-Cortex won the Democrat primary in New York because she targeted her Democratic opponent was white.

As a young man I was a JFK Democrat. He was my American idol. It was the time of Camelot and at the peak of American economic, political and military power. JFK embodied a vision of the future that Americans embraced.

The party of JFK is long gone. Rising from its ashes is the red/green alliance.

RELATED ARTICLES: 

The demagoguery of NY’s Alexandria Ocasio-Cortez

We Went to Families Belong Together Protest. Here Are 6 Things We Saw.

Red-Green Axis: The Agenda to Erase America! [Video]

REPORT: ‘Red-Green Axis’ the Existential Threat to America

End of the Democratic Party: Meet the Face of the Socialist Democrat Party of America

“Girl From The Bronx” Ocasio-Cortez Called Out In Fact Check; Actually Grew Up In Wealthy Enclave – Tea Party News

Left-Wing Politicians Wage War on Plastic

RELATED VIDEO: American Media, Soviet Tactics

EDITORS NOTE: The featured image is titled “Red Green Axis, Alliance, Flag A” by CaciqueCaribe.

2016 Is the Year of Inequality – And Prosperity by Chelsea German

This past weekend, the Economist uploaded a short video to its Facebook page called, “The year of the 1 percent.” The video shows a graph superimposed over the Earth seen from space, while a voice narrates, “2016 is set to be a more unequal world than ever before. For the first time, the richest 1 percent of the population will enjoy a greater share of global wealth than the other 99 percent.”

The Economist’s graph reminded me of another graph, which also shows two lines that eventually cross but tells a very different story. Despite population growth, there are fewer people living in extreme poverty today than ever before:

How can both graphs be accurate? Poverty can decline even as inequality rises, as long as the total amount of wealth in the world is growing.

To ignore this is to fall prey to the “fixed pie fallacy.” Throughout most of human history, global wealth hardly changed. But thanks to trade and industrialization, wealth has skyrocketed, especially since the 1900s, and continues to climb.

At the same time, technological advances have also increased human wellbeing in ways not captured by looking at GDP alone.

Because the pie is growing, focusing solely on inequality, like the Economist’s video does, makes little sense. Most of us would rather have a relatively small slice of a gigantic pie than the biggest slice of a microscopic pie.

In other words, most of us would rather be wealthier in absolute terms, regardless of our relative position. This is why many of us, if given the choice, would choose to be an ordinary person today, instead of a member of the upper crust a century ago or a 17th century king.

Cross-posted from HumanProgress.org.

Chelsea GermanChelsea German

Chelsea German works at the Cato Institute as a Researcher and Managing Editor of HumanProgress.org.