This seems consistent with massive money printing: The extra money flows to the favored segments (Wall Street and its connections) but not to main street. Meanwhile, the extra money results in climbing prices. All the while, the government says it's a result of the Japanese earthquake, drought, and other matters outside of their control, kinda like the Jews were outside of Weimar Germany's control:
Between June 2009, when the recession officially ended, and June 2011, inflation-adjusted median household income fell 6.7 percent, to $49,909, according to a study by two former Census Bureau officials. During the recession – from December 2007 to June 2009 – household income fell 3.2 percent.
Dylan Grice pointed out that, in such situations, people start blaming things and unseen forces. It reminds me of the woman who called the Rush Limbaugh Show, complaining about her and her husband's small business problems and frantically excoriating Obama, "It's his fault. Who else is doing this to us!?!?"
But it's not Obama's fault. At least, it's not his fault more than any other politician's. He has undoubtedly made matters worse, but McCain would've done the same things that Obama has done, or dang close to it. It's the fault of fiat currency and Federal Reserve. The dollar has lost 99% of its purchasing power since the Federal Reserve came into existence under Woodow Wilson, and much of that depreciation came in the last forty years. We're nearing the end-game of our fiat currency experiment.
Yet most people still don't know "who's doing this to us," and the Forces at Work don't want us to know. They'd rather blame earthquakes and floods and unscrupulous Chinamen (damn that peg!) and Greeks. Anyone, anything, but the real culprit, and because The Forces in the mainstream press won't point it out, everyone frantically blames someone. Fortunately, much of the blame is flowing toward Obama, so that's a good thing, but it sucks that the real culprit--the bankers on Wall Street--continue to escape largely unscathed.
Yeah, I know: There's a lot of anger directed at Wall street, hence the Occupy Wall Street crowd. But they're idiots. They don't get it. They don't see that the entire system is built on a mirage that funnels money to the rich and well-connected. They're no more coherent than Brando in The Wild One. When asked, "What are you rebelling against, Johnny?", Brando's character answers "Whaddaya got?"
Link.
