Nov 19 2010

When peak credit implodes on the consumer balance sheet – $1 trillion in consumer debt has been removed from the market since 2008. Only consumer debt category growing is student loan debt.

The U.S. insatiable consumer machine has reached a peak debt scenario.  Household balance sheets are simply unable to take on more debt on their already financially sore shoulders.  At the core of the Federal Reserve quantitative easing actions is the mission to lower the interest rate since consumers simply are unable to borrow more.  By […]

Nov 9 2010

Dark Ages for a modern Middle Class – Modern day debt serfdom and rising prices not seen through the consumer price index. Coffee up 50 percent for the year.

Most Americans enjoy a good cup of coffee.  Yet very few realize that coffee futures are now up over 50 percent for 2010.  Creative packaging that includes smaller quantities but offers the same price helps delude many Americans into thinking their dollar still has the purchasing power of better days.  This all occurs in a […]

Sep 22 2010

The big banking sham and how the recession is over for the top 1 percent – Top 1 percent of banks control 80 percent of banking assets while household net worth is down $12.3 trillion from the peak.

The headlines read that the recession is over.  In fact, the recession has been deemed over since June of 2009 by the National Bureau of Economic and Research (NBER).  Yet the fact of the matter is working and middle class Americans are solidly in a deep recession.  There was a town hall that was televised […]

Aug 17 2010

As more Americans save the typical too big to fail banking savings account is paying close to 0 percent in interest. At the same time the average credit card interest rate is over 14 percent.

The one silver lining of this crisis if there is one to be had is that many more Americans are actually saving more money.  However the problem that many now face is historically low interest rates through bank savings accounts.  Average Americans have few places to go receive a decent return (5% or lower) without […]

Jul 23 2010

Middle class financially squeezed by the plutocracy – 13 million people added to food assistance from 2007 to 2010. Nearly 40 percent of all unemployed have been out of work for 27 weeks or more.

The mainstream press and their lack of focus or even caring about a shrinking middle class is disturbing.  Yet this shouldn’t be a surprise given that their focus of appeasing their sponsors is directly focused at keeping people stuck in a debt induced sleepwalking financial nightmare.  Wall Street has successfully infiltrated our government and most […]

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