As Markets Roar American Poverty Soars

By Isaac Davis

If you pay attention to the news you’ll hear all about great corporate earnings, the unbelievable stock market rally, the bitcoin hysteria, and improving jobless numbers. Somehow, though, all of this information and good times reporting belies the truth; and below the radar of such an apparent boom is the sad reality that the United States is suffering from crushing poverty unlike anything we’ve seen in generations.

Alongside all of this is an unprecedented division taking place right now, as the world’s wealthiest people are seeing their wealth explode. They are calling it the new Gilded Age, and at present the distribution of wealth in America has already exceeded the imbalance which preceded the French Revolution.

The United States Census Bureau reports that the poverty rate in America for 2016 was 12.7%, meaning some 41 million people live below the poverty line in the world’s richest country. This is punctuated by a wave of homelessness, especially on the West Coast, fueled by astronomical housing and rent prices. Furthermore, in a ‘new milestone,’ household debt in the U.S. topped $13 trillion in 2017, an incredible number.

As reported by The Guardian, something is changing in America. Something is different about our attitude towards the homeless and towards those who are down on their luck. As a society we seem to find it easier to look away.

That cruel streak – the violence of looking away – has been a feature of American life since the nation’s founding. The casting off the yoke of overweening government (the British monarchy) came to be equated in the minds of many Americans with states’ rights and the individualistic idea of making it on your own – a view that is fine for those fortunate enough to do so, less happy if you’re born on the wrong side of the tracks.

Countering that has been the conviction that society must protect its own against the vagaries of hunger or unemployment that informed Franklin Roosevelt’s New Deal and the Great Society of Lyndon Johnson. But in recent times the prevailing winds have blown strongly in the “you’re on your own, buddy” direction. Ronald Reagan set the trend with his 1980s tax cuts, followed by Bill Clinton, whose 1996 decision to scrap welfare payments for low-income families is still punishing millions of Americans.

The cumulative attack has left struggling families, including the 15 million children who are officially in poverty, with dramatically less support than in any other industrialized economy. Now they face perhaps the greatest threat of all.” [Source]

Couple this with the growing tendency of government to crack down and stop citizen-led efforts to help the homeless with food and shelter, and you have a certain institutional callousness developing. This defies the traditional American spirit and can only take us further from national unity.

Final Thoughts

For now the markets are raging – and for those who are on the winning side of this cosmic coin toss, life is good at the moment. This kind of economic prosperity cannot last, though, because it is fake, generated by a corrupt banking and financial system that knows just how to fudge the numbers to create an illusion of prosperity which serves well those in position to take advantage of it.

This rising inequality and the delusion of endless economic expansion combined with the change in attitude towards those less fortunate is a recipe for disaster, and something to watch for in the coming year.

Read more articles from Isaac Davis.

Isaac Davis is a staff writer for and Survival Tips blog. He is an outspoken advocate of liberty and of a voluntary society. He is an avid reader of history and passionate about becoming self-sufficient to break free of the control matrix. Follow him on Facebook, here.

This article (As Markets Roar American Poverty Soars) was originally created and published by Waking Times and is published here under a Creative Commons license with attribution to Isaac Davis and It may be re-posted freely with proper attribution, author bio, and this copyright statement.

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11 Comments on "As Markets Roar American Poverty Soars"

  1. Sheriff of Nottingham | December 27, 2017 at 6:33 pm | Reply

    Even old feudalism wasn’t this impersonal. Which is why I favor retro techno feudalism, local fiefdoms with a Baron or some such, put those bums out to the fields, or lock them up in the castle dungeon. Or force them into the militia. Whatever but take stewardship, custodianship over them. Or else the King will disrespect you and leave dinner early. It has to be a competitive beauty contest of the fiefdoms you see, you can harness the snobbery. This idea is an achievable compromise…

  2. Sodom and Gomorrah pesecuted the poor and killed beggars . Its in chronicles plus some apocrypha .
    Remember the rich man is burning in Hell for all eternity for not even giving Lazarus a crum off his sumptious table – whereas Lazarus is now in Heaven .
    Imagine spending eternity in Hellfire thinking “If Only” , “If Only” , “If Only” ……….I had given Lazarus a meal and the daily leftovers I could now be enjoying endless bliss instead of thirst and heat .

    Note that Lazarus was not punished for being poor which can be impossible for most to rise above without a helping hand .

    And I will say to the goats (rebellious nature ) depart from me into the everlasting fire – Jesus

      • Sodom and Gomorrah were destroyed by sulphur (brimstone) as even atheist archeologists will tell you – study the destruction of the cities of the plain.

        Its you that’s swallowed fiction – you need more miracles than the Bible to believe your Darwin/ Dawkins nonsense.

        The miracles that you need :-
        That the whole universe popped out of a tiny speck of matter in a few minutes (quicker than God – lol)
        That the helium hydrogen formed into over 100 different complex elements – did you witness this – lol Who carried this task out ??? Was it easy ? lol

        Then the stars and planets decided to make themselves – just like that – the moon being knocked off the earth by a passing meteorite into a perfect orbit (how convenient)
        Then the planets just popped out the sun – sort of magic like – lol

        Mr Nothing did all this and much more or no reason at all .

        Then you have to believe that the magic fairy touched the muddy seapool and gave life to Darwin’s single cell with a billion DNA code , a mitochondria , a perfect unutterably complex cell wall , the ability to divide etc etc – what a fairy – is she as powerful as God ????

        With another touch of her wand she makes the cell divide (have you ever seen this under the microscope – incredible ) and then we have jellyfish , fish , fish walking on land with liungs and then going back to the sea to become a whale – hhahhahh
        There are trillions of miracles that you need to believe your no god idiocy .

        Have you any evidence that all this happened by accident other than Dawkin’s books – pure fantasy – not a single evidence of evolution .

        Anyway I could go on but pretty pointless with someone so clueless who believes in fairy tales and has gone through the common core eduaction system.
        You have swallowed the Dawkin’s / talk origins kool aid

        By the way can you give one example of a verifiable mistake in the bible that you can prove .

        • To your last question (the rest I won’t read) :

          too numerous to list in a post !

          Many books were written on this question of yours alone !

          Here are 3 of those :

          1) The PENTATEUCH and BOOK OF JOSHUA
          Critically Examined

          John William COLENSO
          Bishop of Natal – London 1862

          2) IS IT GOD’S WORD ?

          by Joseph Wheless – New York 1926

          A Documented Record of the Foundations of the Christian Religion

          by Joseph Wheless, 1930

          Do not respond to me until you have read at least ONE of these books.
          I’m sure you will not read even one of them.
          So, just do not respond !

          • You just copied off a website – I want direct answers from you – give me ONE only ONE mistake in the bible – there should be thousands if it is fake – dont hide behind other people’s books or run away . I am not reading a pile of daft books – who do you think you are .

            You must be an evolutionist if you reject creation so give me ONE example of evolution – no websites or books – your OWN words – or at least a quote out of one of your nutty books .
            So TWO examples is all I am needing – I know you will have thousands up your sleeve – lol

            “There are only two possibilities as to how life arose; one is spontaneous generation arising to evolution, the other is a supernatural creative act of God, there is no third possibility. Spontaneous generation that life arose from non-living matter was scientifically disproved 120 years ago by Louis Pasteur and others. That leaves us with only one possible conclusion, that life arose as a creative act of God. I will not accept that philosophically because I do not want to believe in God, therefore I choose to believe in that which I know is scientifically impossible, spontaneous generation arising to evolution.”

            (Dr. George Wald, evolutionist, Professor Emeritus of Biology at the University at Harvard, Nobel Prize winner in Biology.)

            “Most modern biologists, having reviewed with satisfaction the downfall of the spontaneous generation hypothesis, yet unwilling to accept the alternative belief in special creation, are left with nothing.”

            (Dr. George Wald, evolutionist, Professor Emeritus of Biology at the University at Harvard, Nobel Prize winner in Biology.)

      • Croco – you are not doing too well with your fictional – ” Nothing did it ” theory .
        Surely before you sell your soul for a bunch of fake books you would do some study and a reality check on what you have swallowed – without even a doubt.

        Can you not think for yourself – is a meaningless picture all the proof you can give ?
        How would a fish become a sheep , or a Dino become a sparrow , or a deer become a whale
        – no intermediate has been found – there should be trillions alive or dead if Darwins theory was true – as he himself said . If evolution was true it would be irrefutable .

        “Evolution [is] a theory universally accepted not because it can be proven by logically coherent evidence to be true, but because the only alternative, special creation, is clearly incredible.”
        (Professor D.M.S. Watson, leading biologist and science writer of his day.)

        “My attempts to demonstrate evolution by an experiment carried on for more than 40 years have completely failed…..It is not even possible to make a caricature of an evolution out of paleobiological facts…The idea of an evolution rests on pure belief.”
        (Dr. Nils Heribert-Nilsson, noted Swedish botanist and geneticist, of Lund University)

        “Scientists who go about teaching that evolution is a fact of life are great con-men, and the story they are telling may be the greatest hoax ever! In explaining evolution we do not have one iota of fact.”
        (Dr. Newton Tahmisian, Atomic Energy Commission.)

    • God bless those who love Him and His word. Remember God chose you from the beginning to live this remarkable time for His honor and glory forever. Jesus soon to reign.

  3. political toilet | December 28, 2017 at 5:00 pm | Reply

    Check out the You Tube video of L.A.’s homeless camped-out in tents on the sidewalks!
    & how many of them are Veterans with bad SPN Codes on their DD Form 214 Honorable Discharges, and, as a result, cannot find work, housing and even food??????!!!!!!!!

  4. Come on croco dile lets see your evidence that “nothing” did it . Do you not believe that God could stop the universe for Joshua’s battle . Its been proven by historical writings when one side of the world had no day and the other side no night – and by astronomical comparisons .

    PLUS – If God could not stop the sun He would not be God – this kind of thing is what God’s do – in case you didn’t know .
    I need only ONE example of evolution and ONE example of a proven mistake in the Bible from you – I do not require you to read my list of books – lol

    “When you realize that the laws of nature must be incredibly finely tuned to produce the universe we see, that conspires to plant the idea that the universe did not just happen, but that there must be a purpose behind it.”
    (John Polkinghorne, Cambridge University physicist, “Science Finds God,” Newsweek, 20 July, 1998)

    “Many have a feeling that somehow intelligence must have been involved in the laws of the universe.”
    (Charles Townes, 1964 Nobel Prize winner in physics, “Science Finds God,” Newsweek, 20 July, 1998)

    “250,000 species of plants and animals recorded and deposited in museums throughout the world did not support the gradual unfolding hoped for by Darwin.”
    (Dr. David Raup, curator of geology at the Field Museum of Natural History in Chicago, “Conflicts Between Darwinism and Paleontology”)

    “The pathetic thing about it is that many scientists are trying to prove the doctrine of evolution, which no science can do.”
    (Dr. Robert A. Milikan, physicist and Nobel Prize winner, speech before the American Chemical Society.)

    But Croco knows better with his “books”.

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