Comments on: The Disappearing Middle Class Dream – How the Average American is coping with the Recession: Savings, Banking, Housing, and Investing. Over 50 Million Households Living on $52,000 or less a year.

By: Moneymonk

Moneymonk — Mon, 19 Oct 2009 23:55:33 +0000

We are no better off than the family of 1973. I blog about this on my blog

Nice breakdown

By: williamwallace

williamwallace — Sun, 11 Oct 2009 17:10:24 +0000

http://www.bbc5.tv/eyeplayer/articles/money-debt
That will give some light to why our government has keept this secrate for so long and why every president who was assanated or was attepted to be was silenced to expose its dark secrate. that we are debt slaves like in the movie the matrix. To take the red pill is to know the truth that the more we struggle to fix the problem the deeper we sink and become more enslaved(indebted). the only soultion is to make a gold system that dosent use interest is totaly controled my congress who issues tickets to gold and silver deposits and if gold or silver is to be held on a person and returned to the bank light or diluted he is jailed and fined. No interest on loans is good for everyone and prevents the fractional reserve banking that created derivitives now in jeopardy of poping that bubble is 1 quadrillion in stacked debt that system has created. that is 1 thousand trillion.1,000,000,000,000,000 dollars. denyial to being a debt slave means you are the most loyal one they have. Of course ingnorance will be forgiven we all have been hoodwinked at one time or another.

By: Rich W

Rich W — Sun, 11 Oct 2009 16:45:22 +0000

Here’s the real truth of it… the middle class would be doing a heck of a lot better if credit weren’t so freely available. Giving buying power to people, that don’t have the earned cash to begin with, only increases price levels beyond the afford-ability of median income households. It’s basic supply and demand… credit only artificially raises the demand level leading to higher prices and reduced purchasing power per dollar. This effect I’m describing makes your earned and saved dollars worth less because “artificial dollars” (credit) can compete for the same assets one could buy outright with earned/saved dollars. Look at houses and cars as the prime example. Why are we here? Credit and Debtors my friends. The middle class will come back when interest rates rise and the age of credit ends… if you’re not already a debtor of artificially price-inflated goods, that is. Unfortunately for the debtors… they’ll end up where debtors always do… in-hoc and looking to be forgiven their debt. BTW… Credit isn’t the “life blood” of the economy… common sense and hard work are. Those who fail to learn from history are doomed to repeat it… how sad.