Voices from Russia

Tuesday, 12 June 2012

12 June 2012. This is Why You Should Vote AGAINST Wafflin’ Willy in November

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The Dwindling Wealth of the American Family: By the Numbers

The Great Recession wiped out a huge chunk of the average family’s wealth, setting the USA back by nearly two decades. The median American family… the exact middle between the wealthiest and the poorest… had the same amount of money in 2010 as it did in 1992, according to the Federal Reserve’s Survey of Consumer Finance, an extensive and detailed look at American wealth undertaken every three years. While the latest data is 18 months old, it underscores the astonishing economic devastation wreaked by the Great Recession, which, beginning in 2007, swept away a chunk of the wealth accumulated since the early 1990s. The Fed defines “wealth” as income plus assets… like homes, cars, and stocks… minus debts. Here’s a numerical look at the average family’s struggles:

126,400 USD 

(4.18 million Roubles 101,000 Euros. 81,200 UK Pounds)

Median American family net worth in 2007

77,300 USD 

(2.56 million Roubles. 61,800 Euros. 49,600 UK Pounds)

Median American family net worth in 2010

Family median wealth dropped 40 percent since 2007

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95,300 USD

(3.15 million Roubles. 76,200 Euros. 61,200 UK Pounds)

Median home equity… the value of a house minus the balance owed on the mortgage…  in 2007

55,000 USD

(1.82 million Roubles. 44,000 Euros. 35,300 UK Pounds)

Median home equity in 2010

Median home equity dropped 42.3 percent since 2007

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49,600 USD

(1.64 million Roubles. 39,700 Euros. 31,900 UK Pounds)

Median family income in 2007

45,800 USD 

(1.52 million Roubles. 36,600 Euros. 29,400 UK Pounds)

Median family income in 2010

Median family income dropped 8 percent since 2007

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3,100 USD

(102,500 Roubles. 2,500 Euros. 2,000 UK Pounds)

Median credit card balance in 2007

2,600 USD 

(86,000 Roubles. 2,100 Euros. 1,700 UK Pounds)

Median credit card balance in 2010

Median credit card debt declined 16 percent since 2007

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15.2 Median percentage of education-related debt in 2007
19.2 Median percentage of education-related debt in 2010

4 percentage point increase in median education-related debt since 2007

The proportion of median education-related debt increased 26.4 percent since 2007

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7 Percentage of Americans late on debt payments in 2007
11 Percentage of Americans late on debt payments in 2010

4 percentage point increase in Americans late on debt payments since 2007

The proportion of Americans late on debt payments increased 57.2 percent since 2007

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49,600 USD

(1.64 million Roubles. 39,700 Euros. 31,900 UK Pounds)

Median value of stock-based retirement plans in 2007

44,000 USD 

(1.46 million Roubles. 35,200 Euros. 28,300 UK Pounds)

Median value of stock-based retirement plans in 2010

Median stock-based retirement plans lost 7 percent of their value since 2007

12 June 2012

This Week

As quoted in Yahoo News

http://news.yahoo.com/dwindling-wealth-american-family-numbers-121700768.html

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The above tragedy is the direct result of the Republican Party’s policies. This is what happened when GWB gave tax cuts to the affluent effluent and embarked on hellishly-expensive wars of aggression at the same time. We’re paying for it… no, we got none of the gain… yes, we got all of the pain. Reflect on this… Wafflin’ Willy, King Rush, Queen Ann, Grover Norquist, and all the rest say that that’s what’s normal… that ordinary people should pay for the fecklessness and irresponsibility of the top Five Percent. They call themselves “Christians”… fancy that…

You know what to do on 6 November. The president ain’t perfect, but the mess would’ve been worse had he not done what he did. Mittens wants to reinstate the very policies that caused this mess in the first place. You know what to do in the secrecy of the voting booth…

BMD

Monday, 30 April 2012

30 April 2012. The Holy Fathers Say One Thing… Mitt Romney Says Another… I Choose the Fathers, What About You?

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Thursday, 2 February 2012

2 February 2012. A Thought from His Holiness…

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Wednesday, 20 April 2011

Patriarch Kirill Says that People Shouldn’t Let the Love of Riches Enslave Them

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Patriarch Kirill Gundyaev of Moscow and all the Russias urged the faithful not to let the desire for material wealth overpower them. “Covetousness is an absence of values; it establishes desire in a person. If one has material sufficiency, valuables, and money, then, one should rule over these things, ensuring, first and foremost, that one’s heart isn’t enslaved to riches”, the Patriarch said after the service on Holy Wednesday at Christ the Saviour Cathedral in Moscow. He noted that if people received due wages for their labour, “This is the law of life, and Christ never condemned it. However, we must never enslave our souls to the acquisition of material wealth, and we must remain the masters of these material things, we must remain people free in Christ, able to manage those goods that come to us, for we must, according to the word of God, use them to good purpose”, Vladyki Kirill said. He pointed up that the Church today remembers how the Lord visited the house of Simon the Leper, and, during the meal, there came a harlot, and, all of a sudden, she poured precious ointment on the Saviour. The Lord Christ noted the act of this woman, saying, “Wherever the gospel is heard, all will know of it”, which pushed Judas to betray the Saviour. The patriarch went on to say, “Why did this action prompt Judas to his act of betrayal? Indeed, it’s because covetous people, those who love money, can’t live according to the Law of Christ”. He called on us “to be with Christ, in subordination to His Will, to be His servants, but not to become enslaved to money and material things, as so many are, for these aren’t valuable in the eyes of God”, the official MP website quoted His Holiness as saying.

20 April 2011

Interfax-Religion

http://www.interfax-religion.ru/?act=news&div=40421

Editor’s Note:

The root of the so-called Neoliberal (“conservative”) Free Market ideology is, “Greed is good”. Its scripture is Think and Grow Rich by Napoleon Hill. His Holiness gives a blunt non licet to all of it. You can have His Holiness Patriarch Kirill (and those with him), or, you can have the Republican Party standard-bearers… Boehner, McConnell, Paul, Walker, Priebus, Limbaugh, Palin, et al. Reflect well on the fact that Paffhausen, the konvertsy, SVS, and the apparatchiki have allied themselves with the Republican greed-mongers rather than with the Lord Christ. I somehow think that’s not kosher…

BMD 

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