The Rise and Fall of Middle Class Wealth.

dbphoenix said:
And yet he can't find the interrelationships among three variables.

Hmmm.
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This has WHAT to do with middle class? Ohhhh, just your feeble mind again deviating from the topic.

If you want to discuss the one parent high poverty stuff take it to the appropriate thread. Or have you been humiliated enough on that thread?
 
Great article...

when you combine the savings destruction and repressed interest rates with progressive taxes and this (see chart below) ...you get middle class elimination...

It disgusts me that the Fed is creating so much cash for their cronies... for free... and then the Fed and the IMF and their cronies like buffet and others come out and argue for more taxes?

Could the suppression of competition be more obvious?


InflationChart.png




















fhl said:
The Fed’s Assault On Savers—–Backdoor Repudiation Of The Federal Debt
by Contributor • October 23, 2014


By Chris Martenson

…….It’s really that simple. The Fed has openly and actively suppressed rates — not to help the credit markets, as they claim, but to engineer a condition of Financial Repression. Because that’s what the government needs to stealthily take your wealth to pay down the prior debts it accumulated.

Thus ‘negative real rates’ are the essential component of transferring wealth from the many to the few, with the ‘few’ being defined as the government, Wall Street, and others who exploit leverage and liabilities at sufficient scale to be on the right side of that wealth transfer.

This well-known phenomenon is a thoroughly accepted and well-described practice of governments and central banks everywhere.

more at http://davidstockmanscontracorner.c...ers-backdoor-repudiation-of-the-federal-debt/
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DHOHHI said:
This has WHAT to do with middle class? Ohhhh, just your feeble mind again deviating from the topic.

If you want to discuss the one parent high poverty stuff take it to the appropriate thread. Or have you been humiliated enough on that thread?
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At least now we know that you got your alleged engineering degree from a correspondence school.
 
DHOHHI said:
Are you taking 'lessons' from douche bag?

Glad you apparently like swans ... but try to stay on topic ..
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That's the logic you are using to deny that our middlle class has a problem: because the middle class persons you know are doing ok. It's a fallacy.
 
Ricter said:
That's the logic you are using to deny that our middlle class has a problem: because the middle class persons you know are doing ok. It's a fallacy.
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It's like with high poverty families .. they make CHOICES .. many have kids they can't support financially. Same with middle class (or any family) .. we all make CHOICES on how we spend our $$$. Sure, some have stagnant wages/salaries. But that may mean watching spending more closely. How many middle class families that are now whining drive around in big SUV's -- from Tahoes to Yukons to Escalades. Hey, it's their choice to spend $50K to $70K on a car, a depreciating asset. They could just as easily buy a smaller less expensive vehicle and INVEST the remaining $$. Or use it to pay down any debt. And if wages are an issue then what's preventing people from finding a part time job on weekends .. there are plenty of options out there.
 
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