Thanks to global inflation and stagnant wages, more people in poverty despite rise in standards

As a former Treasury Secretary to Richard Nixon once said to the rest of the world after the dollar was removed from the gold standard, “The dollar is our currency, but it is your problem.”  And in the years following the dollar morphing into a purely fiat form of money, the world has experienced this omen in great measure as the U.S. has exported its inflation to other locations as it expanded the money supply to astronomical levels.

And it is because of this inflation factor, coupled with a global wage stagnation that facilitated a decline in purchasing power, that has helped create more poverty around the world, despite the fact that the World Bank just raised the bar on what it considers poverty wages.  On Sept. 24, the World Bank modeled a new raising of the bar from $1.25 earned per day to $1.90, which would increase the categorized number of poor people around the world by hundreds of millions.

The World Bank has dramatically revised its definition of poverty for the first time in 25 years, the Financial Times reports. Anyone earning less than $1.90 a day will be classified as poor, which will greatly increase the number living in poverty.
The last time the World Bank raised the poverty line by 25 cents to the current $1.25 per day was in 1990. The leading countries are meeting on Friday to adopt 17 new so-called “sustainable development goals” that will define global development policy up to 2030.
It’s difficult to predict how many people will be affected by the change, according to the FT, but when the World Bank tested a $1.92 bar, the outcome was as many as 148 million people. – Russia Today

Perhaps it is ironic that this report came out this week at the same time the Pope was in the United States to address both Congress, and the United Nations on climate change, wealth inequality, and a push for Agenda 21 type initiatives.  Because more than ever, the global financial bodies are attempting to move towards full out communism where the majority of people have the same incomes no matter what, and live in the same declined lifestyles modeled after the initiatives outlined in the now infamous conference in Rio back in 1992.  (Just two years after the World Bank last raised the bar for those designated as poor)

growth-of-poverty

It has been long known that fascist and oligarchical cabals that run the global financial system and most government like to use the Hegelian dialectic to bring about their agendas for change, first by creating a problem, and then rushing forward with a solution that benefits them, not the majority of people.  And when the world went to a strictly fiat currency model, where central banks could then print money at will to create an inflationary landscape where a select few would accumulate most of the wealth, and the vast majority would filter down into the realms of the poor, it is slowly coming to fruition where propaganda and the offer of welfare under the guise of fairness is almost ready to bring about their goals of a new world order.

Kenneth Schortgen Jr is a writer for Secretsofthefed.comExaminer.com, Roguemoney.net, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.

HERE IS A LIST OF EVERY SINGLE TIME OBAMA COMMITTED AN IMPEACHABLE OFFENSE THAT DEMS & MEDIA COVERED UP “Impeach!” It’s been more than eight years since Democrats uttered that word – long enough for anyone to wonder if it was still in their vocabulary, considering the deafening silence through the dozens of serious scandals during President Obama’s administration – but now that President Trump is the man in the White House, it’s back with a vengeance. . . Democrats everywhere are wildly slinging the “I” word, hoping to nail Trump for high crimes and misdemeanors after the New York Times claimed a memo written by former FBI Director James Comey said the president urged him to end the federal investigation into former national security adviser Michael Flynn. . . Some members of Congress are getting in on the action. They include Reps. Maxine Water, D-Calif., and Al Green, D-Texas. Even a Republican, Rep. Justin Amash, claimed Wednesday there are grounds to impeach President Trump. House Oversign Committee Chair Rep. Jason Chaffetz, R-Utah, asked for the alleged Comey memo and other documents. Chaffetz tweeted that he is prepared to subpoena the information. And Sen. John McCain, R-Ariz., invoked “Watergate.” . . Now the Democratic Party is reportedly poll testing impeachment as a 2018 election issue. More than 1 million people signed a petition calling on Congress to impeach Trump. . . Wasting no time Wednesday, the mainstream media sprang into action, enthusiastically echoing the left’s impeachment calls. MSNBC launched a Watergate ad implying Trump is America’s new Richard Nixon. . . “Watergate. We know its name because there were reporters who never stopped asking questions,” says MSNBC host Chris Hayes, who hinted that Trump is next on the impeachment chopping block. “Now, who knows where the questions will take us. But I know this: I’m not going to stop asking them.” . . Meanwhile, some overzealous members of the left plastered fliers around Washington, D.C., demanding all White House staffers resign Wednesday. . . The posters read: “If you work for this White House you are complicit in hate-mongering, lies, corrupt taking of Americans’ tax money via self-dealing and emoluments, and quite possibly federal crimes and treason. Also, any wars will be on your soul. … Resign now.” . . But constitutional scholar Jonathan Turley, who voted for President Obama, warned “impeachment” enthusiasts not to get ahead of themselves with President Trump. Why? . . At this time, there’s no evidence Trump actually committed a crime. . . “The criminal code demands more than what Comey reportedly describes in his memo,” Turley wrote in a May 17 opinion piece posted at the Hill. Turley explained: . . For the first time, the Comey memo pushes the litany of controversies surrounding Trump into the scope of the United States criminal code. . . However, if this is food for obstruction of justice, it is still an awfully thin soup. Some commentators seem to be alleging criminal conduct in office or calling for impeachment before Trump completed the words of his inaugural oath of office. Not surprising, within minutes of the New York Times report, the response was a chorus of breathless “gotcha” announcements. But this memo is neither the Pentagon Papers nor the Watergate tapes. Indeed, it raises as many questions for Comey as it does Trump in terms of the alleged underlying conduct. . . A good place to start would be with the federal law, specifically 18 U.S.C. 1503. The criminal code demands more than what Comey reportedly describes in his memo. There are dozens of different variations of obstruction charges ranging from threatening witnesses to influencing jurors. None would fit this case. That leaves the omnibus provision on attempts to interfere with the “due administration of justice.” . . However, that still leaves the need to show that the effort was to influence “corruptly” when Trump could say that he did little but express concern for a longtime associate. The term “corruptly” is actually defined differently under the various obstruction provisions, but it often involves a showing that someone acted “with the intent to secure an unlawful benefit for oneself or another.” Encouraging leniency or advocating for an associate is improper but not necessarily seeking an unlawful benefit for him. . . -Obama’s Iran nuke deal -Obama knew about Hillary’s private email server -Obama IRS targets conservatives -Obama’s DOJ spies on AP reporters -Obamacare & Obama’s false promises -Illegal-alien amnesty by executive order -Benghazi-gate -Operation Fast & Furious -5 Taliban leaders for Bergdahl -Extortion 17 -‘Recess ‘ appointments – when Senate was in session -Appointment of ‘czars’ without Senate approval -Suing Arizona for enforcing federal law -Refusal to defend Defense of Marriage Act -Illegally conducting war against Libya -NSA: Spying on Americans -Muslim Brotherhood ties -Miriam Carey -Birth certificate -Executive orders -Solyndra and the lost $535 million -Egypt -Cap & Trade: When in doubt, bypass Congress -Refusal to prosecute New Black Panthers -Obama’s U.S. citizen ‘hit list’