CONTROLLED DEMOLITION: Here Are The Countries Where Millennials Will Have To Work Until They Die

Source – zerohedge.com – “…Not just on millennials, but Americans in general. For example, we know that 14% of Americans have “negative” wealth. We also know that 62% of Americans don’t have emergency savings that could cover a $1,000 hospital visit or a $500 car repair” Here Are The Countries Where Millennials Will Have To Work Until They…

CONTROLLED DEMOLITION: ‘Smoke & Mirrors’, The Permanent Recession

Source – thegreatrecession.info  – “…Rather than the longest expansion in US history, we’ve been enduring the longest recession in US history ever since the dot-com bust. The above chart shows the GDP growth rate, and the REAL GDP “growth” rate, which has actually been contraction, not growth, for the past two decades if measured by…

CONTROLLED DEMOLITION: Most Americans Can’t Afford to Pay Rent, Eat Food, Buy Stuff, or Get Sick (And It’s Just Going to Get Worse)

Source – theorganicprepper.com – ‘…Stimulus policies do not bring about a solid recovery but manufacture a phony economic growth that distorts the economy’s structure of production. Instead of a V-shaped recovery that would occur if government abstained from intervention, policymakers produce an L-shaped agony. As if a prolonged stagnation wasn’t already bad enough, the interventionists…

CONTROLLED DEMOLITION: How Monetary Policy Leads To Destruction Of The Middle Class And Rise Of Populism – By Alexey Yeremenko

Source – zerohedge.com – “…The very last thing Europe needs is a monetary policy experiment or continuation of an existing policy of financial repression, which lead to an erosion of purchasing power, income inequality, and the rise of populism. It occurred 100 years ago, and people remember how it all ended up. We should do…

CONTROLLED DEMOLITION: ‘America’s Concealed Crisis’, Fifty Years of Economic Decline, 1969 to 2019 – By Charles Hugh Smith

Source – charleshughsmith.blogspot.com – “…The keys to understanding the concealed crisis of decline are purchasing power relative to wages/earnings–how many goods and services can wages buy? For the average American household, wages have risen modestly while the purchasing power of those wages has plummeted” America’s Concealed Crisis: Fifty Years of Economic Decline, 1969 to 2019…

CONTROLLED DEMOLITION: ‘Misplaced Pride’, Most of the “Middle Class” Is Actually Working Class – By Charles Hugh Smith

Source – oftwominds.com – “…If we take off our rose-colored glasses, we have a much more stratified economy and society than we might like to believe…The “middle” has eroded away, leaving the top 15% who are doing very well in the status quo and the bottom 85% who are struggling to maintain a meaningful sense…

CONTROLLED DEMOLITION: ‘Illusions Of Wealth’, The Future Ain’t What It Used to Be – By MN Gordon

Source – economicprism.com – “…What’s the real source of the working stiff’s grave economic discomfort?…today’s great chasm between rich and poor – is the product of central planners. Not the Soviet style central planner that dictated prices with ridiculous five year plans. But, rather, a more covert central planner that draws down the value of…

AMERIKA: How In 40 Years Americans Shifted From A Sustainable Middle Class To A Perpetual Cycle Of Debt Serfdom (Archive)

Source  – mybudget360.com – “…The biggest scam of the century revolves around the massive growth in debt…Americans have been put into a sleepwalking state where they were drunk on debt induced spending while slowly and surely our manufacturing base was removed from the country…Banks and Wall Street have not cut back and have gone the…

VOODOO ECONOMICS: ‘Fixed Fight’, The 1% Playbook – By Paul Buchheit

Source  – commondreams.org – “…One of the themes of the superb writing of Henry Giroux is that more and more Americans are becoming “disposable,” recognized as either commodities or criminals by the more fortunate members of society. There seems to be a method to the madness of winner-take-all capitalism. The following steps, whether due to greed or…

CONTROLLED DEMOLITION: ‘The Economic Doom Loop’, Asset Inflation & Demographic Decline – By Chris Hamilton

Source  – econimica.blogspot.com – “…The reason for fast declining birthrates since 2007 in the US and among most nations globally seems to be the current ZIRP and low interest rates and Quantitative Easing programs which have the effect of inflating asset prices” Economic Doom Loop Well Underway  – By Chris Hamilton From 2007 through 2018,…

BRAVE NEW WORLD: Oxford University Study, 47 percent of all U.S. jobs are under threat to be replaced by automation

Source – pcmag.com, By Evan Dashevsky – Economists of the past century have, for the most part, rejected the notion that technological advancement destroys the need for human labor. Or, if there was to be any effect on the labor force, they’ve claimed it would only be beneficial. Back in the 1930s, for example, the…

CONTROLLED DEMOLITION: ‘2019’, The Three Trends That Matter – By Charles Hugh Smith

Source – oftwominds.com – “…The politically invisible / financially vulnerable have declared we’re still here to their globalized elite aristocrats, and this rebellion against elite domination and profiteering is being demonized by the corporate-state media as populism rather than what it really is: a full-blown revolt of the working class” 2019: The Three Trends That…

BRAVE NEW WORLD: Made In The USA (By Robots): China Opens ‘Sewbot’ Factory In Arkansas, Producing Shirts For 33c

Source – mishtalk.com – “…The goal is to produce 23 million t-shirts at 33 cents each, about one shirt every 26 seconds….It’s rather difficult to compete against 33 cents when shipping and transportation costs are rolled in”:   Made In The USA (By Robots): China Opens ‘Sewbot’ Factory In Arkansas, Producing Shirts For 33c A…

CONTROLLED DEMOLITION: Why Wages Have Lost Ground in the 21st Century – By Charles Hugh Smith

Source – oftwominds.com – “…Privilege is immoral, as rising inequality is the only possible output of privilege. Privilege is exploitive, parasitic, predatory and destructive to the society and economy, and generates inequality by its very nature…Stripped to its essence, privilege is nothing but institutionalized racketeering”: Why Wages Have Lost Ground in the 21st Century –…

BRAVE NEW WORLD: ‘Humans Need Not Apply’, Automation, bots, algos, replace human brain power

Source  – wolfstreet.com – “…Even professional jobs such as lawyers are being taken over by bots. Not their rare courtroom appearances, or their roles in negotiations with other humans, but their daily grunt work, which is much of what lawyers do, such as preparing reams of documents. And then there’s discovery: “It’s already no longer…

TRUE NORTH: Canada’s most prominent constitutional lawyer, Rocco Galati “Canada is a quiet dictatorship” (Archive)

Source  – orilliapacket.com Canadian Trial May Soon Hold Bankers Accountable For Their Crimes  – The Canadian and US mainstream media have been silent about this. They’re hoping nobody will notice that people actually are fighting back against the incredible corruption of the international banks – “I’m the bad guy,” I overheard the government lawyer say…

CONTROLLED DEMOLITION: ‘Exposing The Deception’, How The US Economy “Grew” By $140 Billion As Americans Became Poorer

Source – zerohedge.com – This is simply stunning. Regular readers will recall that last month, at the same time as the US Bureau of Economic Analysis reported was a far better than expected 3.9% GDP (since revised to 5.0% on the back of the previously noted Obamacare spending surge), it also released its Personal Spending…

CONTROLLED DEMOLITION: The Collapse of the Great Left Con – By Charles Hugh Smith

Source – charleshughsmith.blogspot.ca – “…The Left is not just in disarray–it is in complete collapse because the working class has awakened to the Left’s betrayal and abandonment of the working class in favor of building personal wealth and power. Anyone who denies this is still in the fatal grip of the Left’s Great Con”: (The Collapse…

CONTROLLED DEMOLITION: Despite Being Better Educated, Millennials Now Earn 20% Less Than Boomers Did At The Same Age

Source – zerohedge.com – “…despite being better educated, millennials now earn 20% less than boomers did at the same stage of life in 1989…  the median college-educated millennial with student debt is only earning slightly more than a baby boomer without a degree did in 1989”: (Why Millennials Are Behind: They Earn 20% Less Than…

CONTROLLED DEMOLITION: The Cultural Contradictions That Have Crippled the Great American Middle Class – By Hugh Charles Smith

Source – charleshughsmith.blogspot.com – “…Daniel Bell’s landmark 1976 book The Cultural Contradictions of Capitalism held that“capitalism–and the culture it creates–harbors the seeds of its own downfall by creating a need among successful people for personal gratification–a need that corrodes the work ethic that led to their success in the first place”: (The Cultural Contradictions That…

VOODOO ECONOMICS: When the global housing bubbles collapse like a row of dominoes

Source – doctorhousingbubble.com – “…Reading through the comments on the Canadian bubble post is very reminiscent of 2007 in California where the “not in my back yard” arguments dominated the discussion.  The nature of this housing bubble is global and the collapse of markets across the globe will have wide ranging impacts that are yet…

CONTROLLED DEMOLITION: The Death of Dignity In Working Class America – By Lainey Hashorva

Source – occupy.com – “…We see it in every industry over the last decade or so, cutting workers and benefits, sick leave or vacation time. Piling more work and demands on those that remain, impossible quotas for sales under threats of termination. Americans training teams from India to do their jobs as they teeter on…

CONTROLLED DEMOLITION: The Federal Reserve And The Destruction Of The American Dream – By Danielle DiMartino Booth

Source – dimartinobooth.com – “…The tie that binds the generations comes down to one word: debt. That’s where the Federal Reserve has inflicted the greatest damage. Set aside for a minute U.S. sovereign and corporate debt. While they’re mammoth challenges for tomorrow’s policymakers, it is household debt that has torn at the fabric of our culture and fueled…

CONTROLLED DEMOLITION: ‘The View From Under The Bus’, A visualization of the extreme plight of the saver – By Adam Taggart

Source – peakprosperity.com – “…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…

VOODOO ECONOMICS: The Great Prosperity (1947-79) Vs. The Great Regression (1980-2016)

Source – oftwominds.com – “…This fear-based mass hysteria is the perfect mechanism to distract a populace from the reality of a self-serving Elite that profits from their serfdom. Please glance at these four charts, which tell a simple but profound truth. Productivity has risen for 36 years, but the gains from that massive increase in…

CONTROLLED DEMOLITION: The Disaster of Inflation, For the Bottom 95% – By Charles Hugh Smith

Source – oftwominds.com – “…Rising inflation crushes the purchasing power of the bottom 95% whose incomes are not rising along with double-digit cost increases in big-ticket expenses. Central banks seeking to boost inflation are waging financial war on the bottom 95% of households”: (The Disaster of Inflation, For the Bottom 95% – By Charles Hugh…

CONTROLLED DEMOLITION: Inflation About to Explode Higher, Sit Back and Enjoy Our Journey to Third World Status

Source – theburningplatform.com – “…Yellen and her cronies have been riding the low oil price gravy train for the last 18 months, giving them cover to not raise rates because inflation was below their fake propaganda goal of 2%. The plunge in oil prices from $100 a barrel in August 2014 to below $30 a…

RIELPOLITIK: Delivered as Promised, Rise of the American Leisure Society

Source – rielpolitik.com – “…The much touted social contract between the American Republic and its citizenry, has been supremely altered over the course of 40 years of regressive social policies, rendering today’s American landscape almost unrecognizable from its recent past…America’s road to ruin is littered with the broken bodies of political visionaries, social revolutionaries &…

AMERIKA: ‘Class Dynamics in the Rise of Donald Trump’, Why Establishment Voices Stigmatize the “White Working Class” as Racist and Xenophobic – By Prof. Ismael Hossein-Zadeh

Source – globalresearch.ca – “…Establishment elites and corporate media pundits tend to stigmatize the white working Americans in order to sanitize the brutal neoliberal policies of austerity economics of the past four decades. The plan and the hope is that in so doing they can exonerate the policy-makers of the establishment—both Republican and Democratic—of the…