Tuesday, September 18, 2012

COTW: The Unreality Game

When the biggest news on the political scene is an aging actor's impromptu satire at the Republican Convention, you know how divorced from democracy our system has become. The real story of this election cycle, assiduously avoided by both major party candidates, is the hollowing out of the American middle class at the behest of multinational corporatists demanding ever lower labor costs. These two charts tell that story:
Median household income in constant 1967 dollars is dropping again and is only a few hundred away from the level of four decades ago.  The Federal Reserve is pumping out more fiat money to float the banksters while inflating the middle class into debt slavery.  The end result of these policies is to further enrich the top 1% or less while the rest of us struggle with decades of no growth in our incomes:
courtesy: John Quinn @ marketoracle.uk.com
Call US Person, "Chief Anus", but the largest butt-holes are still at the top.