Elites Refuse to Suffer But Force Everyone Else To. No Wonder the Masses Are Pissed.

Editor's Note: The following is a guest post from Adam Taggart at PeakProsperity.com.

As the dust settles from the recent presidential election, it's becoming clear that a large part of the sentiment behind the vote for Trump reflects a deep dissatisfaction from middle and lower-class working families. The traditional fruits of prosperity have been rising higher and farther out of reach for them, as their ability to make a living wage has been eroding year-over-year, for decades.

They've now reached the point where they no longer trust the empty promises that have been sold them by a steady stream of politicians -- on both side of the aisle -- who have lined their own pockets with lobbyist money while overseeing a tremendous shift of society's wealth to crony corporations and the top 1%. Trump's victory can largely be summed up as a defiant yelp from the masses decrying: "I may not know what the solution is, but I'm damn sure more of the same ain't it!"

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Of course, we here at PeakProsperity.com are in full agreement with that righteous anger. Through borrowing way too much, bailing out rather than prosecuting bad actors, printing trillions of "thin air" dollars, a deliberate pursuit of financial repression and other schemes -- the future prosperity of the "everyday American" has been stolen by those in power and those positioned closest to the trough. Mathematically, this orgy of excess needs to be balanced by severe austerity; an austerity the elites refuse to suffer but are forcing onto everybody else. No wonder the masses are pissed.

Few visuals drive this injustice home better than this one of historical bank CD interest rates. Note how they've been in steady collapse since the mid-1980s:

Back in 1984, savers received around 10% on funds parked in a bank CD. Even the shorter duration 6-month CDs yielded over 9%.

Contrast that to today's rates of practically 0%. A 6-month CD yields 0.16% and a 1-year yields 0.27%. If you're willing to lock up your money for 5 years, you'll enjoy a paltry return of just 0.86% annually throughout the next half-decade.

Back in the mid-80s, if you managed to retire with $500,000 in the bank, you could live quite comfortably on the nearly risk-free income from bank CDs. The $50,000 in annual income you'd receive was over twice the median household income then of $21,000.

Let's say you're lucky enough save up a full $1 million in your bank account today. If you put it all into a 5-year CD, you'll receive only $8,600 per year; less than 20% of today's median household income of $53,000.

The punchline: if you're a saver, if you've worked hard to amass financial wealth to retire on, you've gotten screwed.

And not only has your savings income drastically plummeted over the past few decades, but cost of living expenses over that same time period have skyrocketed -- especially for the essentials like food, medical care, education and housing:

For the increasing few who can still manage to put excess dollars away after expenses, the paltry savings rates offered by safer investments like CDs force them to chase yield in order to get a return (any kind of return!) on their money. And, of course, this reach for yield moves savers further out on the risk curve, into the bubblicious asset classes (notably stocks, bonds and real estate) that the Fed's 0% interest rate policies have blown to nosebleed prices.

The likeliest scenario from here, sadly, is a recurrence of the types of losses (or worse) as seen during 2008, when these asset price bubbles can no longer be sustained. And savers will see their capital stored in these assets vaporize.

In short: the people who can very least sustain these losses will be the ones most ravaged by them.

In past articles such as Sorry Losers!, Our Tone Deaf Elites Risk The Ruin Of Us All, and The Fed Is Destroying The World One Saver At A Time, we've provided the details behind the "how" our elected leaders, the special interests that control them, and the central banking cartel have collectively conspired to throw the everyday American under the bus.

And as the above charts show, the view from down here is pretty damn lousy.

So, what's a prudent person to do?

Well, for starters, resist the urge to blindly follow the herd cheering today's record highs. Capitulating and jumping into risk assets at the end of a bubble market is simply signing up to be the greatest fool who's left holding the bag when prices correct.

For perspective on where to consider placing your money, review the chapter on Financial Capital from our recent book Prosper!: How To Prepare for the Future and How to Create a World Worth Inheriting.

And just as important: remember that money is just one of the 8 Forms of Capital required to build a resilient life. Be sure to invest as much time and attention to the remaining seven forms. They're just as important to your future prosperity and happiness, and are much less susceptible to manipulation by the ruling elites.

DOWNLOAD A FREE CHAPTER: Prosper!: How To Prepare for the Future and How to Create a World Worth Inheriting

Featured Image: Win McNamee/Getty Images

Time after time, Americans have taken to the streets to defend our constitutional rights, whether it was our livelihood at stake -- or our lives. But, what was the point of all the civil rights movements that came before, if we're about to let the government take our rights away now?

On his Wednesday night special, Glenn Beck argued that Americans are tired of having our rights trampled by "tyrannical" leaders from state and local governments who are ignoring our unalienable rights during this pandemic.

"Our nanny state has gone too far. The men and women in office -- the ones closest to our communities, our towns, our cities -- are now taking advantage of our fear," Glenn said. "Like our brothers and sisters of the past, we need to start making the decisions that will put our destiny, and our children's destiny, back into our hands."

It took less than two months of the coronavirus tyranny to make America unrecognizable, but some Americans are fighting back, risking losing their jobs and businesses or even jail time, as they battle to take back our civil rights.

Here are just a few of their stories:

After New Jersey's Atilis Gym reopened in defiance of the governor's executive order, the Department of Health shut them down for "posing a threat to the public health." Co-owner Ian Smith says somebody sabotaged the gym's toilets with enire rolls of paper to create the public health "threat."

Oregon Salon owner, Lindsey Graham, was fined $14 thousand for reopening. She said she was visited by numerous government organizations, including Child Protective Services, in what she believes are bullying tactics straight from the governor's office.

77-year-old Michigan barber, Karl Manke, refused to close his shop even when facing arrest. "I couldn't go another 30 days without an income," he said. But when local police refused to arrest him, Gov. Gretchen Whitmer's (D) office suspending his business license instead.

Port of Seattle police officer Greg Anderson was suspended after he spoke out against enforcing what he called "tyrannical orders" imposed amid coronavirus lockdowns.

Kentucky mother-of-seven, Mary Sabbatino, found herself under investigation for alleged child abuse after breaking social distancing rules at a bank. After a social worker from child protective services determined there was no sign of abuse, he still sought to investigate why the Sabbatino's are homeschooling, and how they can give "adequate attention to that many children."

Dallas salon owner Shelley Luther was sentenced to seven days in jail after she defied the state-mandated stay-at-home orders to reopen her business.

Watch the video clip from Glenn's special below:


Watch the full special on BlazeTV YouTube here.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multiplatform network of voices who love America, defend the Constitution and live the American dream.

It took less than two months of the coronavirus tyranny to make America unrecognizable. Leaders from state and local governments across the U.S. have flattened the curve of some of our most basic constitutional rights, but some Americans are fighting back — and risking jail time or losing their businesses.

On Wednesday night's GBTV special, Glenn Beck argued that we're witnessing the birth of a new civil rights movement — and it's time to build a coalition of common sense to keep America as we know it free.

Watch the full special below:

Use code GLENN to save $10 on one year of BlazeTV.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multiplatform network of voices who love America, defend the Constitution and live the American dream.

On the radio program Thursday, Glenn Beck sat down with chief researcher Jason Buttrill to go over two bombshell developments that have recently come to light regarding former Vice President Joe Biden's role in the 2016 dismissal of Ukrainian Prosecutor General Viktor Shokin.

"Wow! Two huge stories dropped within about 24 hours of each other," Jason began. He went on to explain that a court ruling in Ukraine has just prompted an "actual criminal investigation against Joe Biden in Ukraine."

This stunning development coincided with the release of leaked phone conversations, which took place in late 2015 and early 2016, allegedly among then-Vice President Biden, Secretary of State John Kerry, and Ukraine's former President Petro Poroshenko.

One of the audiotapes seems to confirm allegations of a quid pro quo between Biden and Poroshenko, with the later admitting that he asked Shokin to resign despite having no evidence of him "doing anything wrong" in exchange for a $1 billion loan guarantee.

"Poroshenko said, 'despite the fact that we didn't have any corruption charges on [Shokin], and we don't have any information about him doing something wrong, I asked him to resign,'" Jason explained. "But none of the Western media is pointing this out."

Watch the video below for more details:


Listen to the released audiotapes in full here.

Use code GLENN to save $10 on one year of BlazeTV.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multiplatform network of voices who love America, defend the Constitution and live the American dream.

A recently declassified email, written by former National Security Adviser Susan Rice and sent herself on the day of President Donald Trump's inauguration, reveals the players involved in the origins of the Trump-Russia probe and "unmasking" of then-incoming National Security Adviser, Gen. Michael Flynn.

Rice's email details a meeting in the Oval Office on Jan 5, 2017, which included herself, former FBI Director James Comey, former Deputy Attorney General Sally Yates, former Vice President Joe Biden, and former President Barack Obama. Acting Director of National Intelligence, Richard Grenell, fully declassified the email recently amid President Trump's repeated references to "Obamagate" and claims that Obama "used his last weeks in office to target incoming officials and sabotage the new administration."

On Glenn Beck's Wednesday night special, Glenn broke down the details of Rice's email and discussed what they reveal about the Obama administration officials involved in the Russia investigation's origins.

Watch the video clip below: