Jul 7 2011

The grand financial recovery myth – 8 charts reflecting the true beneficiaries of four years of taxpayer bailouts. Transfer payments make up 22 percent of household income and public debt surpasses annual GDP.

While the economy is recovering in raw GDP terms the working and middle class Americans are having a smaller and smaller piece of the pie.  The recovery is disproportionately flowing to a tiny fraction in our population and largely is based on targeted bailouts to the financial sector.  After four full years of bailouts and […]

Jan 27 2011

Federal Reserve openly aiming for inflation – The Fed looks for a sequel in punishing the U.S. dollar and hopes to inflate debt and the middle class away.

The Federal Reserve has painted itself into a very narrow and troubling corner for most of working and middle class America.  The massive debt problems on hand have no realistic way of being paid off and the best path in the eyes of the Federal Reserve is to slowly inflate away the currency and debt.  […]

Jan 25 2011

The downsizing of America – Oil production off 1980s peak and manufactures learn creative methods of repackaging inflation.

There is a slow burn going on and it is happening in your wallet and also in the gas tank of your car.  The US Treasury and Federal Reserve have made it their mission to slowly cut the value of each one of those green dollars you have.  Since many Americans are struggling to make […]

Nov 3 2010

The Federal Reserve plans on exporting the U.S. middle class abroad with Quantitative Easing II. QE1 cost $1.7 trillion and took the underemployment rate from 10 percent to 17 percent.

The Federal Reserve is entering uncharted territory with this second phase of quantitative easing.  The public may or may not be aware that the Fed has already embarked on quantitative easing (QE1) and has grown their balance sheet by $1.7 trillion (that’s $1,700,000,000,000) by exchanging U.S. Treasuries for questionable assets including a shopping mall in […]

Oct 5 2010

What does it take to be middle class in America today? Living on $50,000 per year in America.

Is it possible to live a middle class lifestyle in America with a household income of $50,000?  The recent Census survey puts the median household income at $50,000 for American households.  So technically speaking, this is the middle class.  Yet what we think of a middle class lifestyle including affordable public colleges, accessible healthcare, and […]

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