Plundering the middle class – 35 percent of American households live on $35,000 or less each year. Bailouts a success for the wealthiest 5 percent of Americans.
The middle class is being slowly dismantled piece by piece. New Census data released this week highlights a continuing trend that is pushing more average Americans into a perpetual struggle to stay financially afloat. New data shows that the median household income is $50,221 in 2009 which is down from $52,029 in 2008. This drop […]
Will quantitative easing 2 bailout the commercial real estate market further? The shadow bailout world not being covered by the mainstream media. Fed deliberately trying to crush U.S. dollar to bailout banking system.
As the Federal Reserve gears up for quantitative easing part two, a slow hidden bailout is occurring in the commercial real estate market. Commercial real estate is a giant industry making up over $3 trillion in outstanding loans in the U.S.  Yet not much is being said about this in the press. Why? Because in […]
Wealth inequality rivals the months prior to the Great Depression – Americans would prefer a more evenly distributed wealth system. Over 80 percent of Americans still feel we are in a recession.
The official announcement that the recession is over underscores the massive disconnect between Wall Street and the rest of America. Wealth inequality in America is at levels last seen right before the Great Depression ravaged our economy. Yet the inequality has grown even more intense as this crisis has gone forward. 43 million Americans are […]
The big banking sham and how the recession is over for the top 1 percent – Top 1 percent of banks control 80 percent of banking assets while household net worth is down $12.3 trillion from the peak.
The headlines read that the recession is over. In fact, the recession has been deemed over since June of 2009 by the National Bureau of Economic and Research (NBER). Yet the fact of the matter is working and middle class Americans are solidly in a deep recession. There was a town hall that was televised […]