The greatest wealth distribution and rip-off in world history from the middle class to the wealthy occurred during the Clinton, Bush and Obama years. For the middle class home ownership has always been the signature measure of their "wealth". The equity they have built in their home represents the lions share of their assets along with maybe some stock, cash in the bank and a retirement fund.
The relaxation of lending practices to help the poor own homes with very small down payments and adjustable rate mortgages based upon future home appreciation that could be refinanced when interests rates rose caused a tremendous demand for homes. Consequently the prices peaked, created a bubble and the auto correction of the market caused a collapse leaving the lenders holding worthless paper. Fine...everyone loses and we start over. That's the way capitalism works. But not with these presidents.
After financially ruining a large part of the middle class wealth, the very working people supporting the majority of the federal budget through income taxes, the government then throws salt in the wounds of these people and uses their tax money to bail out the big banking concerns holding the worthless paper... because they were deemed "too big to fail". Obama held us there, underwater for eight years, trying to finish us off.
That's one of the steps the globalists used in their scheme to submit us to the power of the United Nations. Break us financially. Now they're keeping us there by labeling the resources our nation's middle class has always used to build wealth as a threat to mankind. Oil. Beef. Timber. Coal.
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