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Mainstream “Centrists” Pose The Greatest Ideological Threat To Us All
Mainstream “Centrists” Pose The Greatest Ideological Threat To Us All Ashton Kutcher, a stupid person who got famous playing the role of a stupid person, tweeted the following the other day: “Where has the middle gone? Middle class? Politicians who don’t need to be far left or far right? Media the just tells the facts w/o spin? The […]
The Experiment
The Experiment How much longer will the middle class politely tolerate its own destruction? A middle class that outnumbers the combined poor and aristocracy is a relatively new phenomenon, dating back to around 1900. The rise of the middle class was the result of Industrial Revolution capitalism. It has been one of the most significant […]
How destructive is the middle class?
How destructive is the middle class? Firstly, I’ve no wish to define people by accidents of birth and then condemn them for the effects of those accidents – by accent, dress, or other filial habits. Whichever class we’ve been born into remains as our original soil. Parenthood, love, loyalty and some behavioural codes, grow from […]
Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds
Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or death. One of my points in Why Governments Will Not Ban Bitcoin was to highlight how few families had the financial […]
Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds
Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or death. One of my points in Why Governments Will Not Ban Bitcoin was to highlight how few families had the financial […]
Guided By Nonsense
Guided By Nonsense “Read the directions and directly you will be directed in the right direction.” — Lewis Carroll U.S. consumers are at it again. After a seven year hiatus they’re once again doing what they do best. They’re buying stuff. According to the Commerce Department, personal consumption expenditures (PCE), which is the primary measure of […]
What Killed the Middle Class?
What Killed the Middle Class? If the four structural trends highlighted below don’t reverse, the middle class is heading for extinction. Everyone knows the middle class is fading fast. I’ve covered this issue in depth for years, for example: Honey, I Shrunk the Middle Class: Perhaps 1/3 of Households Qualify (December 28, 2015) and What Does It Take To […]
Deranged Central Bankers Blowing Up the World
DERANGED CENTRAL BANKERS BLOWING UP THE WORLD It is now self-evident to any sentient being (excludes CNBC shills, Wall Street shyster economists, and Keynesian loving politicians) the mountainous level of unpayable global debt is about to crash down like an avalanche upon hundreds of millions of willfully ignorant citizens who trusted their politician leaders and […]
The Increasingly Fragile Upper-Middle Class
The Increasingly Fragile Upper-Middle Class Many of these apparently high incomes are completely absorbed by high-cost upper middle class expenses. Since the top 10% takes home 50% of all household income, it follows that this top slice has most of the discretionary cash, i.e. net income left after taxes, servicing debt and paying for essentials […]
Another Reason Why the Middle Class and the Velocity of Money Are in Terminal Decline
Another Reason Why the Middle Class and the Velocity of Money Are in Terminal Decline This has three extremely negative consequences. In response to a recent post on the structural decline in the velocity of money, correspondent Mike Fasano described a key dynamic in both the decline of money velocity and the middle class. “There […]
What’s Eroding the Middle Class?
What’s Eroding the Middle Class? This erosion of a self-employed, independent middle class was an important pre-condition for the collapse of Rome and the French Revolution. I have devoted many blog posts to the erosion of the middle class, for the specific reason that when the middle class–the layers of the economy between the Power Elites […]
Central Banks Have Pushed the Middle Class Down into Neofeudal Serfdom
Central Banks Have Pushed the Middle Class Down into Neofeudal Serfdom The injustice of central-bank enforced neofeudalism cannot be suppressed like interest rates. In traditional feudal systems, serfs were the landless peasantry who worked the land of their feudal lords in exchange for protection. In our present-day neofeudal system, serfdom has a different definition: present-day serfs own little […]
21 Facts About The Explosive Growth Of Poverty In America That Will Blow Your Mind
21 Facts About The Explosive Growth Of Poverty In America That Will Blow Your Mind What you are about to see is more evidence that the growth of poverty in the United States is wildly out of control. It turns out that there is a tremendous amount of suffering in “the wealthiest nation on the […]
Ignore the Media Bullsh*t–Retail Implosion Proves We Are In Recession
Ignore the Media Bullsh*t–Retail Implosion Proves We Are In Recession Here we go again. The dying legacy media will continue to support the status quo, who provide their dwindling advertising revenue, by papering over the truth with platitudes, lies, and misinformation. I have been detailing the long slow death of retail in America for the […]
