Donald
Trump tells me our best days are ahead. Once his tax cut plan is passed, the
future will be so bright I’ll have to wear shades.
Sometimes
a single chart reveals the truth being obscured by the Deep State propaganda
machine, working overtime selling their economic recovery narrative. The
economy most certainly is booming for Wall Streeters and D.C. parasites sucking
on the teet of Federal government largess. But for the average working
deplorable, this supposed recovery has passed them by.
The
cognitive dissonance is strong, as average Americans want to believe what their
“leaders” are telling them to believe, but their personal financial situation
contradicts the narrative. Even using the highly manipulated data peddled by
the BLS, any critical thinking individual can see through the lies,
misinformation and bullshit.
Let’s
examine what has happened since 2015 and assess the truthfulness of the
purveyors of propaganda running the Deep State looting and pillaging operation.
- There
are 5.7 million more Americans employed since the beginning of 2015, a
pitiful 3.9% increase. Meanwhile, 2.7 million left the workforce because
they supposedly don’t need a job to make a living.
- The
amount of Federal individual income tax collected by the government only
rose by 3% between 2015 and 2017. If the number of employed was up 3.9%
and wages supposedly grew by 5%, how could the government’s take only go
up 3%? Maybe it’s because the jobs “created” were low paying shit service
jobs and part-time jobs.
- The
average workweek is lower today than it was in 2015. Does this jive with
3% GDP growth? If the unemployment rate is really 4.1%, shouldn’t workers
be putting in overtime and driving the weekly hours upward?
- Now
for the best data point of them all – real wages. According to the
captured government drones at the BLS, real wages are up a cumulative 1.5%
over the last two years. The supposed non-existent inflation has reduced
your real wage increases by 70%. And let’s remember the inflation numbers
put out by the BLS have been massaged so hard to achieve a happy ending,
the BLS drones could work here:
In
reality, recognizing a true inflation rate of at least 5%, the average worker
has seen their real wages decline by 5% over the last two years. This brings us
back to the chart above. Credit card and other revolving debt has increased by
20% since the beginning of 2015. The Deep State narrative would describe this
phenomena as a huge positive (more interest and fees for the criminal Wall
Street cabal) because it proves average Americans are optimistic about the
future. Consumer confidence has never been higher. Right?
When
the huge acceleration in credit card debt is analyzed in conjunction with the
stagnation of wages and household income since 2015, a truthful picture
emerges. Average Americans are not leveraging themselves up to their eyeballs
because they are ecstatic about their future prospects. They are charging basic
living expenses, like real estate taxes, rent, tuition, medical costs,
insurance premiums, food, utilities, and gasoline. They are attempting to
maintain the lifestyles they’ve been told they should have by the Deep State
propagandists and their Madison Avenue Bernaysians by going deeper into debt at
the low rate of 15% or more.
If
the narrative of economic health was true Americans would be ramping up their
discretionary spending at department stores, restaurants and retail outlets
across our suburban sprawl countryside. Nothing could be further from the
truth. Retail sales, other than the debt financed auto “rentals”, have been
sucking wind for the last two years. Restaurant traffic has been negative for
over a year. A record number of retail bankruptcies and store closures will
occur in 2017, far more than during the depression year of 2009. Buzzards are
circling above JC Penny and Sears as their carcasses will shortly inhabit the
desert graveyard of failed retailers.
Things
are not well in flyover America. They are not well in suburban America. They
are not well in small town America. They are not well in most urban areas. The
economic decline of the middle class is why Donald Trump got elected. The elite
who inhabit NYC, D.C., Silicon Valley and Hollywood have been doing great, as
the debt creation benefited them and their hangers-on. The greatest debt
induced bubble in world history is now at its apex. The hubris of central
bankers, corporate chieftains, corrupt politicians, and feckless media
oligarchs has reached epic proportions. They do not believe there will be
negative consequences from their reckless actions since 2008. They will be
wrong.