{"id":50587,"date":"2020-01-17T06:43:16","date_gmt":"2020-01-17T11:43:16","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50587"},"modified":"2020-01-17T06:43:21","modified_gmt":"2020-01-17T11:43:21","slug":"capitalism-in-america-how-a-dismal-decimal-is-robbing-americans-blind","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50587","title":{"rendered":"Capitalism in America: How a Dismal Decimal is Robbing Americans Blind"},"content":{"rendered":"\n

Capitalism in America: How a Dismal Decimal is Robbing Americans Blind<\/a><\/h3>\n\n\n\n

31 Facts Showing How the Rich are Getting Richer and Everybody Else Poorer<\/strong><\/em><\/p>\n\n\n\n

There is no hiding anymore, the United States has become an oligarch owned banana republic with nukes, and with a monopoly currency which has allowed it to rig the markets for half a century. But now we are only a couple of hours from curtain \u2013 Midnight in America.<\/p>\n\n\n\n

With the stock market at all-time highs, virtually no unemployment (or so they say), and brisk GDP growth (supposedly) in the last decade, economic analysts would declare that the US economy is in excellent shape. But, it isn\u2019t. The stock market is a central bank inflated asset bubble, and what GDP growth there has been, is an illusion brought about by the very same financial bubble and by pumping the economy up with record federal borrowings to finance the deficits that America cannot afford. Rigged statistics showing artificially low inflation serve to hold together the Trumped-up American economic narrative. (About the rigged inflation statistics, see this report https:\/\/www.awaragroup.com\/blog\/the-inflation-measurement-scam\/?fbclid=IwAR0qmpe4i0sp5Uce9UlyEDt0_NkIv-aiDTSgvzHh5EMfZn5WQboZz_mB-XU<\/a>). And the low unemployment figure is nothing but a chimera based on misleading statistics.<\/p>\n\n\n\n

In reality, the US economy is failing \u2013 and the country with it. At least two-thirds of the population has seen dramatic declines in living standards and half are back to levels of developing nations \u2013 without the development.<\/p>\n\n\n\n

The big story covered up by all the happy macroeconomic figures repeated by rote by the US establishment \u2013 everybody from the president to cable television pundits and Trump fanboys \u2013 is the gradual impoverishment of the American worker. That\u2019s an inconvenient truth increasingly difficult to hide as the American dream has turned into a nightmare for huge swathes of the population. <\/p>\n\n\n\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Capitalism in America: How a Dismal Decimal is Robbing Americans Blind 31 Facts Showing How the Rich are Getting Richer and Everybody Else Poorer There is no hiding anymore, the United States has become an oligarch owned banana republic with nukes, and with a monopoly currency which has allowed it to rig the markets for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[3920,426,26657,1092,28824,18938,827],"class_list":["post-50587","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-financial-bubble","tag-inflation","tag-jon-hellevig","tag-oligarchy","tag-rigged-statistics","tag-the-saker-blog","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50587"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50587\/revisions"}],"predecessor-version":[{"id":50588,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50587\/revisions\/50588"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}