The American Dream Is Getting Smaller, And The Reason Why Is Painfully Obvious...most Americans are currently up to their necks in red ink…
Lothar, the author nails it ! You and I are thinking German.
All of this "financialization" would never have been possible without Nixon's capitulation in 1971.
Confirmation didn't come until Piketty's book a few yrs ago. 1971 was the last blowout for real money.
Piketty's formula showing the divergence was r>g where r was returns on financial investments vs g was gains in wages.
It's been interesting to see Krugman, Reich and others on the left, joined by various right wing pundits express wonder at "why this happened in 1971" and real wages became frozen from then on, while financial gains soared.
I've told students that back then, a plane was $8 per hr and the instructor was $6 per hr. Heck, gas was 35 cents.
Today flight students, like all other students described in the article, sell their soul to finance about 100K and a lifetime of indentured servitude (prohibited by 13th amendment) for lower paying jobs.
Jobs that don't pay for a family to live. Nixon's capitulation to the banksters sealed the deal.
Subject: RE: Hypocrisy: Gegenbild.....McCain War-Activist....versus....Trump Peace-Activist - (Cabal member Cohen praises loyalty of Cabal Member McCain) "The Good Republican"
King of the RINOs dies, but there are plenty more where he came from.Had he not given the GPS fusion fake Russian dossier to Comey at FBI, where would we be?What would the NSA and CIA have used to get FISA court to allow tapping Trump's phones?So much depended on his adding "credence" to a completely fake dossier.Lothar
On Sep 3, 2018, at 09:40, Ron wrote:Excellent post.This is why I become angry at gov.supported organizations like Feed the Piggie.org. telling persons it is all their fault why they have no money. This financialized system is beginning to collapse.It depends on persons being paid a living wage to pursue debt and collect that debt in a cost effective manner.Like billionaire Jim Sinclair I would advise persons to detach themselves from the system as much as possible.Example yesterday when a low payed cable technician came by to upgrade our cable system.For cash he gave us access beyond the cable plan.The losers will be believers in big "Progressive" governments to supply them cradle to grave.Increasingly you will see them unwisely using their time to protest cuts marching in blue city streets with signs.I will be putting up supplies and taking possession and custody of my own assets.Just my thoughts.RonSent from my Verizon, Samsung Galaxy smartphone-------- Original message --------From: LotharDate: 9/3/18 9:08 AM (GMT-08:00)Subject: The American Dream Is Getting Smaller, And The Reason Why Is Painfully Obvious...most Americans are currently up to their necks in red ink…
The American Dream Is Getting Smaller, And The Reason Why Is Painfully Obvious...http://theeconomiccollapseblog.com/archives/the-american-dream-is-getting-smaller-and-the-reason-why-is-painfully-obvious
The American Dream Is Getting Smaller, And The Reason Why Is Painfully Obvious…