[slewfan]

While you struggle with inflation, smug elites say, 'Let them eat cake!'






The August CPI numbers were even hotter than the economic consensus expected (up 0.6% for the month, the biggest monthly increase of the year), showing inflation to be a persistent issue for Americans.

Regardless of the reported figures, which we know have been manipulated formulaically several times since the 1980s, Americans are struggling with food, housing, gas and other energy costs, and the general cost of living.


Credit card balances have surpassed the historic $1 trillion level. The personal saving rate has fallen to 3.5% as of July, a rate well below historical averages. Credit card and auto loan defaults have reached levels not seen in a decade. More wealth is getting consolidated in the hands of the wealthiest.

So, while the wealthy (and the government) may be propping up the average economic numbers, for most Americans, inflation has been a substantial financial burden to bear.

[TheGoldenGoose]

"Even 10 years ago, he warned that the Fed’s QE policy "is the biggest redistribution of wealth from the middle class and the poor to the rich ever." The wealthy have gotten wealthier and the rest of America has gotten screwed over, and then the elite continue to kick them while they are down."

Couldn't have said it any better myself.

This has NOTHING to do with Democrates and Republicans. This has EVERYTHING to do with the top 25% and the annihilation of the middle class.

[slewfan]

It is all on the Politicians. The Elites. Some just exacerbate the problems better than others.

Gas up to 5.25.9 in Las Vegas yesterday. This is just a small part of the whole.