Middle Class

The Globalists Are Systematically Destroying America’s Middle Class

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And not just America’s middle class!

– The Globalists Are Systematically Destroying America’s Middle Class:

When people are dependent on the government they are much easier to control.  We are often told that we are not “compassionate” when we object to the endless expansion of government social programs, but that is not how the debate should be framed.  In America today, well over 100 million people receive money from the federal government each month, and the number of Americans that are truly financially independent is continually shrinking.  In fact, only 25 percent of all Americans have more than $10,000 in savings right now according to one survey.  If we eventually get to the point where virtually all of us are dependent on the government for our continued existence, that would give the globalists a very powerful tool of control.  In the end, they want as many of us dependent on the government as possible, because those that are dependent on the government are a lot less likely to fight against their agenda.

Back in 1992, the bottom 90 percent of American income earners brought in more than 60 percent of the country’s income.  But last year that figure slipped to just 49.7 percent.  The wealth of our society is increasingly being concentrated at the very top, and the middle class is steadily being eroded.  Surveys have found that somewhere around two-thirds of the country is living paycheck to paycheck at least part of the time, and so living on the edge has become a way of life for most Americans.

Read moreThe Globalists Are Systematically Destroying America’s Middle Class

Trump Tax Plan To Benefit “Top 1%” Most, Cost $2.4 Trillion, Middle Class To Pay More Taxes

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– Trump Tax Plan To Benefit “Top 1%” Most, Cost $2.4 Trillion, Middle Class To Pay More Taxes:

By 2027, under the Trump plan, taxes would rise for roughly one-quarter of taxpayers, including nearly 30% of those with incomes between about $50,000 and $150,000 and 60% of those making between about $150,000 and $300,000. Meanwhile, about 80% of the total benefit would accrue to taxpayers in the top 1 percent.

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5 Trends That Are Destroying The Middle Class In America

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– 5 Trends That Are Destroying The Middle Class In America:

The middle class in America has been shrinking for decades, and our leaders seem powerless to do anything about it. Two years ago, the middle class became a minority in this country for the first time ever. In other words, the middle class now accounts for less than 50 percent of the population. But back in the early 1970s, the middle class made up more than 60 percent of the population. I have often compared being in the middle class to playing a really bizarre game of musical chairs. When the music stops playing each month, more chairs are being pulled out of the middle class, and most of us are just hoping that we will still have a chair for the next go around.

Earlier today, I came across a USA Today article that discussed some of the factors that are slowly but surely eviscerating the middle class. I am going to share four of those factors with you, and at the end I am going to add one extra one.

Read more5 Trends That Are Destroying The Middle Class In America

Bye Bye Middle Class: The Rate Of Homeownership In The United States Has Hit The Lowest Level Ever

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Abandoned-House

– Bye Bye Middle Class: The Rate Of Homeownership In The United States Has Hit The Lowest Level Ever:

The percentage of Americans that own a home has fallen to the lowest level ever recorded.  During the second quarter of 2016, the non-seasonally adjusted homeownership rate fell to just 62.9 percent, which was exactly where it was at when the U.S. Census began publishing this measurement back in 1965.  This is not what a “recovery” looks like.  All throughout the Obama years, the percentage of Americans that own a home has gotten smaller and smaller and smaller.  The reason for this, of course, is that the middle class in America is dying.  Last year, we learned that middle class Americans now make up a minority of the population for the first time ever.  In order to have a high rate of homeownership, you need a thriving middle class, and you can’t have a thriving middle class without good paying middle class jobs.  This is why I write about the evisceration of the middle class so extensively, because the U.S. economy is systematically being hollowed out and most Americans don’t understand what is happening.

Read moreBye Bye Middle Class: The Rate Of Homeownership In The United States Has Hit The Lowest Level Ever

Middle Class Destitution – A Devastating Tale From America’s Heartland

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Middle Class Destitution

– Middle Class Destitution – A Devastating Tale From America’s Heartland:

He had made the drive enough times to already suspect what he might find. Stride Rite had left Huntington for Mexico at the tail end of the recession; Breyers Ice Cream had closed its doors after 100 years. In the weeks after each factory closing in his part of Indiana, Lewandowski had listened to politicians make promises about jobs — high-tech jobs, right-to-work jobs, clean-energy jobs — but instead Indiana had lost 60,000 middle-class jobs in the past decade and replaced them with a surge of low-paying work in health care, hospitality and fast food. Wages of male high school graduates had dropped 19 percent in the past two decades, and the wealth divide between the middle class and the upper class had quadrupled.

Read moreMiddle Class Destitution – A Devastating Tale From America’s Heartland

Pew Research Study – The American Middle Class Declined in 90% of Metro Areas From 2000-2014

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Redistribution

Related info:

– Oops! The Federal Reserve Admits QE Widens Inequality

“When a country embarks on deficit financing (Bush-Obamanomics) and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.
– Ron Paul

Quantitative easing = printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!!!

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
– Ron Paul

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
– John Maynard Keynes

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”
– Alan Greenspan

hunger-games

– Pew Research Study – The American Middle Class Declined in 90% of Metro Areas From 2000-2014:

When you bail out financial criminals and predators, you get a criminal and predatory economy. If there’s one clear lesson from the 2008 crisis and its aftermath, that should be it.

– From last year’s post: Another Tale from the Oligarch Recovery – How a $1,500 Sofa Costs $4,150 When You’re Poor

The Pew Research Center recently released a fascinating study which showed what many of us already suspected, that the U.S. middle class has declined in 90% of metropolitan areas from 2000-2014, or in 203 of 229 areas studied.

The details are just as interesting as the headline, some of which will provide ammunition for those looking to spin the historic 21st century status quo plunder into something an resembling economic recovery. Specifically, Pew notes that:

Read morePew Research Study – The American Middle Class Declined in 90% of Metro Areas From 2000-2014

America Crosses The Tipping Point: The Middle Class Is Now A Minority

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– America Crosses The Tipping Point: The Middle Class Is Now A Minority:

Americans have long lived in a nation made up primarily of middle-class families, neither rich nor poor, but comfortable enough, notes NPR’s Marilyn Geewax, but this year – for the first time in US history, that changed. A new analysis of government data shows that as of 2015, middle-income households have become the minority, extending a multi-decade decline that confirms the hollowing out of society as 49% of all Americans now live in a home that receives money from the government each month. Sadly, the trends that are destroying the middle class in America just continue to accelerate.

…

The disappearing middle class is threatening American mega brands

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H/t reader squodgy:

“Caterpillar, the Auto Loan default crisis & the BDI are the canaries in the mine, not bloody chocolate!”

consumer
(Feeding your kids such crap is killing them, literally.)

– The disappearing middle class is threatening American mega brands:

The disappearing middle class is challenging many major American brands.

The Hershey Company on Wednesday reported flat sales for the most recent quarter and cut its profit outlook for the year.

Company executives blamed the disappointing results in part on the changing income landscape in the US.

“We think that consumer bifurcation has been an important driver,” Hershey CEO John Bilbrey said on an earnings call, referring to the growing gap between upper-income and lower-income consumers.

Read moreThe disappearing middle class is threatening American mega brands

A Member Of The Middle Class Responds To Jon Hilsenrath

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bolognese sauce

–  A Member Of The Middle Class Responds To Jon Hilsenrath (ZeroHedge, June 3, 2015):

Reader Joe responds to Jon Hilsenrath’s “ironic and tongue in cheek” letter:

Dear Mr Hilsenrath and your Central Bank Team,

This is Joe from the disappearing Middle Class in America.  You asked me the other day to drop you a note if I felt that something was wrong.  What I’m having trouble with is “why” you’re asking me if anything is wrong!  ?

So let me explain.

Read moreA Member Of The Middle Class Responds To Jon Hilsenrath

Japan Shocked To Find Abenomics Is Destroying Its Middle Class

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“When a country embarks on deficit financing and inflationism (=quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

Quantitative easing = printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!!!

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
– John Maynard Keynes

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”
– Alan Greenspan

Aaaaand Japan has a debt-to-GDP of over 400%!!!

– This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%

helicopter-shinzo-abeShinzo Abekuroda_0

– Japan Shocked To Find Abenomics Is Destroying Its Middle Class (ZeroHedge, April 8, 2015):

In central planner “mission accomplished” news, the wealth divide in Japan is growing under Abenomics and middle class citizens are at risk of falling into poverty, The Japan Times says. Despite nightly sound bites from Kuroda, Aso, and Abe himself designed to assuage fears that the country’s gargantuan monetary experiment may yet fail to pull Japan out the deflationary doldrums, some people are getting impatient as the number of households on welfare continues to rise as does the number of nonregular workers. This comes on the heels of the rather amusing news that the country’s Labor Ministry had fabricated a year’s worth of data on wage growth (it turns out there was none) and after countless warnings from us that the PM’s policies would end in spactacularly bad fashion (see here, here, and here for instance).

Here’s more:

Read moreJapan Shocked To Find Abenomics Is Destroying Its Middle Class

Obama & The Middle Class

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Obama-Middle-Class

Source: Townhall

Flashback:

– Obama: “I’m a warrior for the middle class” (CBS News, Sep 22, 2011):

President Obama took his jobs plan to the people of Ohio on Thursday, urging a rowdy audience in House Speaker John Boehner’s home state to help him “pass this bill!” – and proclaiming to the crowd that “I’m a warrior for the middle class.”

Mr. Obama, speaking in front of Cincinnati’s Brent Spence Bridge, specifically called on Boehner and Senate Minority Leader Mitch McConnell to help pass his jobs plan and “help rebuild America.”

…

Reality:

– 27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama

– The Death Of The American Dream In 22 Numbers

Senator Bernie Sanders Releases Media-Censored Statistics – These are the FACTS (Video)

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H/t reader M.G.:

 “Probably underwritten by the US thugs for hire.

In the meantime, here at home……………….”


14.08.2013

via Brascheck TV:

Senator Bernie Sanders is one of the few politicians in Washington who speaks the truth unapologetically. In this powerful short speech, Sanders speaks what the conscience of the American people is certainly thinking… This nation is an oligarchy, and our income distribution is worsening every day. At least we can take pride in knowing that one elected representative in Washington may actually be representing the American people.

The Death Of The American Dream In 22 Numbers

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Abandoned-Home

– The Death Of The American Dream In 22 Numbers (End of The American Dream, Jan 29, 2015):

We are the generation that gets to witness the end of the American Dream.  The numbers that you are about to see tell a story.  They tell a story of a once mighty economy that is dying.  For decades, the rest of the planet has regarded the United States as “the land of opportunity” where almost anyone can be successful if they are willing to work hard.  And when I was growing up, it seemed like almost everyone was living the American Dream.  I lived on a “middle class” street and I went to a school where it seemed like almost everyone was middle class.  When I was in high school, it was very rare to ever hear of a parent that was unemployed, and virtually every family that I knew had a comfortable home and more than one nice vehicle.

But now that has all changed.  The “American Dream” has been transformed into a very twisted game of musical chairs.  With each passing year, more people are falling out of the middle class, and most of the rest of us are scrambling really hard to keep our own places.

Something has gone horribly wrong, and yet Americans are very deeply divided when it comes to finding answers to our problems.  We love to point fingers and argue with one another, and meanwhile things just continue to get even worse.

The following are 22 numbers that are very strong evidence of the death of the American Dream…

Read moreThe Death Of The American Dream In 22 Numbers

Super Rich Oligarchs Plan Their Escape From The Impoverished Pleb Masses

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As a side note:

Obama is NOT ‘blurting out’ any ‘meaningless phrases’ in his speeches. They all serve a purpose:

– President Obama’s Commencement Speech Exposed For What It Is: Latest State Of The Art MASS HYPNOSIS, Using The Techniques Of Dr. Milton Erickson, M.D.

– PDF: Obama’s_Use_of_Hidden_Hypnosis_techniques_in_His_Speeches

Not meaningless, just evil.

Related info:

– Manchurian Candidate: Elite Puppet Mind-Control ‘Presidential Model’ Barack Obama

– As the Middle Class Evaporates, Global Oligarchs Plan Their Escape from the Impoverished Pleb Masses (Liberty Blitzkrieg, Jan 26, 2015):

The middle class has shrunk consistently over the past half-century. Until 2000, the reason was primarily because more Americans moved up the income ladder. But since then, the reason has shifted: There is a greater share of households on the lower rungs of the economic ladder.

– From yesterday’s New York Times article: Middle Class Shrinks Further as More Fall Out Instead of Climbing Up

At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said.

– From the Guardian’s article: As Inequality Soars, the Nervous Super Rich are Already Planning Their Escapes

So the other day, President Barack Obama once again demonstrated his contempt for the American public by using his State of the Union address to pejoratively blurt out meaningless phrases such as “but tonight, we turn the page” and: “The verdict is clear. Middle-class economics works. Expanding opportunity works. And these policies will continue to work, as long as politics don’t get in the way.”

Sorry, but why are “we turning the page” tonight? Weren’t you elected over six years ago? Why didn’t you turn the page in 2009?

Read moreSuper Rich Oligarchs Plan Their Escape From The Impoverished Pleb Masses

Spot The Trend: The Richest 1% Are About To Own Over Half Of Global Wealth

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Looters At The Fed
Source

– Spot The Trend: The Richest 1% Are About To Own Over Half Of Global Wealth (ZeroHedge, Jan 19, 2015):

…

Still not clear? The following two charts should help:

Wealth-Pyramid

Wealth-Pyramid-2

In short: the rich get richer; the poor get poorer, and the middle class is going extinct.

What happens next?  The NYT explains in “Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016”

Read moreSpot The Trend: The Richest 1% Are About To Own Over Half Of Global Wealth

27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama

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27-Facts-That-Show-How-The-Middle-Class-Has-Fared-Under-Barack-Obama

– 27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama (Economic Collapse, Jan 18, 2015):

During his State of the Union speech on Tuesday evening, Barack Obama is going to promise to make life better for middle class families.  Of course he has also promised to do this during all of his other State of the Union addresses, but apparently he still believes that there are people out there that are buying what he is selling.  Each January, he gets up there and tells us how the economy is “turning around” and to believe that much brighter days are right around the corner.  And yet things just continue to get even worse for the middle class.  The numbers that you are about to see will not be included in Obama’s State of the Union speech.  They don’t fit the “narrative” that Obama is trying to sell to the American people.  But all of these statistics are accurate.  They paint a picture of a middle class that is dying.  Yes, the decline of the U.S. middle class is a phenomenon that has been playing out for decades.  But without a doubt, our troubles have accelerated during the Obama years.  When it comes to economics, he is completely and utterly clueless, and the policies that he has implemented are eating away at the foundations of our economy like a cancer.

The following are 27 facts that show how the middle class has fared under 6 years of Barack Obama:

Read more27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama

The Destruction Of The Middle Class Is Nearing The Final Stages

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From the article:

“There are three lessons that many people will learn in the coming months. If you do not have it already you may not be able to get it. If you do not have it physically in your hands you do not own it. If you cannot protect it you will not have it for long.”

R.I.P.-Middle-Class

– The Destruction Of The Middle Class Is Nearing The Final Stages (Project Chesapeake, Dec 17, 2014):

The events of the past few months seem astounding when taken in all at once. The plan to destroy the U.S. dollar and the American middle class is moving at an ever increasing speed.

At the recent G20 meeting the nations agreed that bank deposits would no longer be considered money. These bank deposits become the property of the banking institution and as such can be used any way the bank wants. This means that any money you deposit in a bank now is no longer yours but makes you an investor in the bank and subject to lose that money if a banking crisis takes down the bank.

Read moreThe Destruction Of The Middle Class Is Nearing The Final Stages

American Middle Class ‘Wealth’ Worse Than Every Nation But Russia & Indonesia

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middle-class

–  American Middle Class “Wealth” Worse Than Every Nation But Russia & Indonesia (ZeroHedge, Nov 7, 2014):

One of Liberty Blitzkrieg’s most popular posts in 2013 was titled: How Does America’s Middle Class Rank Globally? #27. Here’s an excerpt:

We are number 1 right? USA! USA! No one can beat our wealth creation machine, our economic dynamism, our level playing field and our bastions of higher education. We have a middle class that is the envy of the world, right?

Well, like so much of the “American dream” we have been force fed for a generation or more, this perception is not based in reality whatsoever. Sure it may have been the case for a couple of decades immediately after World War 2. Before the military-industrial-Wall Street complex fully took over the political process, but it certainly isn’t true any longer. Myths die hard and this one is particularly pernicious because it prevents people from changing things.

The data in that article was based on a comprehensive study published by Credit Suisse titled Global Wealth Data Book. Well, the 2014 version is now out, and the results are not pretty.

Paul Buchheit has crunched the numbers, and highlighted some of his conclusions here. Here is some of what he found:

Read moreAmerican Middle Class ‘Wealth’ Worse Than Every Nation But Russia & Indonesia

Quantitative Proof The Fed Is Destroying The Middle Class

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Quantitative Proof The Illuminati Banksters Are Deliberately Destroying The Middle Class

Federal-Reserve-Bernanke1

– Quantitative Proof The Fed Is Destroying The Middle Class (Voices of Liberty, Sep 19, 2014):

Listening to pundits on television, one would think we’ve found a magical species of leprechauns that piss gold rainbows amongst the masses and so we need never again worry about the economy, the markets and whether or not things are improving. And looking at the market’s six-year run to all-time highs, perhaps such euphoria is warranted.

I mean, isn’t the market supposed to be a highly efficient gauge of the underlying economy? The market is a function of expected future cash flows based on demand, supply and productivity. If true, and if the market is at all-time highs, then things must be good, correct?

Read moreQuantitative Proof The Fed Is Destroying The Middle Class

Chris Martenson: The People Will Get Wiped Out In Coming Crash (Video)

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Added: Jun 29, 2014

Description:

Chris Martenson, who holds a PhD in pathology and an MBA, contends 2008 was just a warm up to a much bigger calamity. Martenson says, “2008 was the shot across the bow, and that’s when our credit experiment broke, and we have been doing everything possible to paper over it since. . . . When you take real stuff out of the ground, you grow food, you take oil out of the ground, you process ore into steel, and you manufacture real things–that’s real wealth. The claims (such as stocks, bonds and currencies) have to be in proportion to the real wealth, and the claims have been growing and growing and growing for so long that they are way out of balance to the real stuff, and the real stuff isn’t growing like it used to. You can see that in the GDP numbers for the U.S. or the world at large. Growth is slowing, slowing, slowing, and the claims are getting larger and larger. This represents a huge and gigantic source of potential energy. There is a gap there and it’s going to get closed. Only one of two things are going to happen: (1) real stuff starts expanding like crazy, or (2) the claims get destroyed. That’s what we are talking about when we talk about a market crash. The claims get destroyed. People get wiped out. The people who don’t get ruined are people safely over in the real wealth already. If you own an unencumbered farm, if you own a productive asset, if you own gold or silver, or if you own your house outright, you are going to be vastly safer than . . . someone who is leveraged and hinged into this other system.”

Join Greg Hunter as he goes One-on-One with Chris Martenson co-founder of PeakProsperity.com.

Half The Country Makes Less Than $27,520 A Year And 15 Other Signs The Middle Class Is Dying

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Depressed-Photo-by-Sander-van-der-Wel-300x300

– Half The Country Makes Less Than $27,520 A Year And 15 Other Signs The Middle Class Is Dying (ZeroHedge, June 4, 2014):

If you make more than $27,520 a year at your job, you are doing better than half the country is.  But you don’t have to take my word for it, you can check out the latest wage statistics from the Social Security administration right here.  But of course $27,520 a year will not allow you to live “the American Dream” in this day and age.  After taxes, that breaks down to a good bit less than $2,000 a month.  You can’t realistically pay a mortgage, make a car payment, afford health insurance and provide food, clothing and everything else your family needs for that much money.  That is one of the reasons why both parents are working in most families today.  In fact, sometimes both parents are working multiple jobs in a desperate attempt to make ends meet.  Over the years, the cost of living has risen steadily but our paychecks have not.  This has resulted in a steady erosion of the middle class.  Once upon a time, most American families could afford a nice home, a couple of cars and a nice vacation every year.  When I was growing up, it seemed like almost everyone was middle class.  But now “the American Dream” is out of reach for more Americans than ever, and the middle class is dying right in front of our eyes.

Read moreHalf The Country Makes Less Than $27,520 A Year And 15 Other Signs The Middle Class Is Dying

Has The Next Recession Already Begun For America’s Middle Class?

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‘The next recession’???

This is the ‘GREATEST DEPRESSION’.

And it will get much, much worse.

Related info:

– US Unemployment Rate Hits 37.2%

– RECOVERY: The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000

– Another Million People Drop Out Of Labor Force – Now An All Time High 92 Million People Are Out Of The Labor Force

– Wall Street Adviser: Actual Unemployment Is 37.2%, ‘Misery Index’ Worst In 40 Years

– Has The Next Recession Already Begun For America’s Middle Class? (Economic Collapse, May 28, 2014):

Has the next major economic downturn already started?  The way that you would answer that question would probably depend on where you live.  If you live in New York City, or the suburbs of Washington D.C., or you work for one of the big tech firms in the San Francisco area, you would probably respond to such a question by saying of course not.  In those areas, the economy is doing great and prices for high end homes are still booming.  But in most of the rest of the nation, evidence continues to mount that the next recession has already begun for the poor and the middle class.  As you will read about below, major retailers had an absolutely dreadful start to 2014 and home sales are declining just as they did back in 2007 before the last financial crisis.  Meanwhile, the U.S. economy continues to lose more good jobs and 20 percent of all U.S. families do not have a single member that is employed at this point.  2014 is turning out to be eerily similar to 2007 in so many ways, but most people are not paying attention.

Read moreHas The Next Recession Already Begun For America’s Middle Class?

The Middle Class Will Die Within 30 Years Leaving ‘A Wealthy Elite & Sprawling Proletariat’

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30 years??????????

– The Middle Class Will Die Within 30 Years Leaving “A Wealthy Elite & Sprawling Proletariat” (ZeroHedge, May 28, 2014):

If we continue down this path of ignorance, we will be left with a “tiny elite and a huge sprawling proletariat” who have no chance of “clawing their way out of a hand-to-mouth existence,” is the loud and clear message from UK government advisor David Boyle. As The Telegraph reports, Boyle cautions, “we won’t own our own homes, we won’t be able to afford it,” adding that “we cheerled the rise of property prices not realising that it would destroy, if not our own lives, but the lives of our children.” His conclusion, “the middle classes have to wake up to prevent it happening and to create a political movement that will do it.”

Authored by Sarah Knapton via The Telegraph,

The middle classes will die out within 30 years because of rising property prices, which will rob today’s children of their dreams, an economist has warned.

Read moreThe Middle Class Will Die Within 30 Years Leaving ‘A Wealthy Elite & Sprawling Proletariat’

The Destabilizing Truth: Only The Wealthy Can Afford A Middle Class Lifestyle

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… as intended …

“When a country embarks on deficit financing (Obamanomics) and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

bush-mission-accomplished-iraqMission-Accomplished-Obama
Mission accomplished!

… but it will get much, much worse … soon.

Prepare for the greatest financial collapse in world history.

– The Destabilizing Truth: Only The Wealthy Can Afford A Middle Class Lifestyle (OfTwoMinds, May 6, 2014):

By Charles Hugh Smith

The “middle class” has atrophied into the 10% of households just below the top 10%.

The truth is painfully obvious: a middle class lifestyle is unaffordable to all but the top 20%. This reality is destabilizing to the current arrangement, i.e. debt-based consumerism a.k.a. neofeudal state-cartel capitalism, so it is actively suppressed by the officially sanctioned narrative: that middle class status is attainable by almost every household with two earners (a mere $50,000 annual household income makes one middle class) and middle class wealth is increasing.

It’s not that difficult to define a middle class lifestyle: just list what was taken for granted in the postwar era of widespread prosperity circa the 1960s, four decades ago.

Read moreThe Destabilizing Truth: Only The Wealthy Can Afford A Middle Class Lifestyle