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…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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 –…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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 &…
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…
Source – theeconomiccollapseblog.com – “…Since the turn of the century, we have lost more than 50,000 manufacturing facilities. Meanwhile, tens of thousands of gleaming new factories have been erected in places like China – Does anyone else see something wrong with this picture?: (From An Industrial Economy To A Paper Economy – The Stunning Decline…
Source – zerohedge.com –“…The biggest factor by far impacting the performance of both dollar stores was the sharp, adverse turn in the purchasing power of the lower half of US consumers…when you really start breaking it down and you look at that core consumer that we serve on the lower economic scale that’s out there,…
Source – zerohedge.com – “…The rise of populism in America is a byproduct of inflationary policies that have helped trigger a dramatic increase in consumer debt, declining real wages and rising prices for food and housing since 1999”: (The Real Reason Behind The Surge In Populist Anger: Central Banks) In the din of the relentless…
Source – charleshughsmith.blogspot.ca – “…The American ruling class and the mainstream punditry are struggling to square the circle, that is, defend the globalization of the U.S. economy that has greatly enriched corporations, the wealthy and the top 5% of the work force but also alleviate the stagnation in the incomes and wealth of the bottom…
Source – journal-neo.org – “…The word ‘capitalism’ doesn’t mean what it used to. For those who grew up during the Cold War, capitalism meant freedom from the Soviet Union and other totalitarian regimes. For those who grew up more recently, capitalism has meant a financial crisis from which the global economy still has not completely…
Source – libertyblitzkrieg.com – “…If nothing else, this should prove to everyone that the U.S. economy has become a grotesque, unsustainable, cancerous monster. It’s an unethical creation of oligarchy for oligarchy; a parasitic blob that solely exists to reward the already rich and powerful. What no longer benefits the nation’s citizens in any meaningful way needs to be fundamentally transformed before…
Source – davidstockmanscontracorner.com – “…Actual main street inflation—led by the four horseman of food, energy, medical and housing—–has been running at 3.1% per annum since the turn of the century. After 16 years this considerable annual gap, of course, has ballooned into a chasm. As shown in the graph, the consumer price level faced by flyover America…
Source – theburningplatform.com – “…If GDP is dependent upon consumer expenditures to generate 69% of its total, how could it grow as real household incomes decline? – If you guessed enormous amounts of debt, you win the booby prize. The establishment (Wall Street, mega-corps, politicians, corporate media) convinced the masses to impoverish themselves while trying…
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