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Economy, Federal Reserve, Poverty, Unemployment, US

They Call this Recovery? Additional 9.4 Million in Poverty since Pre-Crisis: Federal Reserve, Obama Admin. Stick to Guns.

They sure fooled me!I While the poorest (getting poorer) of us still living an existence of imposed usury (no caps on booking interest rates, details @ |•pulp (ⁿ∅ⁿ) fiction’s•| always evolving |•Vocabulary Lesson•|) and debtor/wage slavery.

Their serving us sh**, and calling it creme brulee. Look around us. Recovery? Does that seem right? Not even close. Most people that I’ve spoken with seem to have come to the same consensus. As usual, the crooks at the Federal Reserve are telling us different story, along with the Obama administration:

“In 2011, the bottom 10% of households were -9.0% worse off in terms of income than they were pre-crisis. Since then, it hasn’t gotten any better: they now are making -11.6% less income than they were in 2007.”-Jeff Desjardins, Visual Capitalist.

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Is this what a ‘recovery’ looks like? A whopping 14.8% of Americans are drowning under the poverty line! That’s up from 12.5% at the peak of the Great Recession! That is not a recovery!

The other 90% of us are struggling. It really is harder than I’ve ever seen it, in my 28 years. The few lucky to be employed, are making less money than ever. Is that a double negative? Shouldn’t they cancel each other out? No? Damn. Sorry, I failed algebra.

“…the wealthiest 10% of Americans have finally seen their household incomes rise above the levels last seen in 2007.”

-Jeff Desjardins, Visual Capitalist.

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What a surprise… We can’t let the folks at the top suffer too long, now! Seems the Federal Reserve’s “follies” always benefit the rich. No coidifference not in this reality, folks

So how did this happen?

“One contrast is the fact that the Fed’s balance has exploded by adding $3.5 trillion of phony money….with Quantitative Easing (QE) program….it kept rates low at near 0%  to encourage lending and economic growth……..seven years later, Studies and economists are starting to sound off, noting that QE and ZIRP have been a failure for America’s poorest.”-

-Jeff Desjardins, Visual Capitalist.

So what’s new? The poor get screwed,  and the middle class is nearly extinct…again.  No matter who is “elected”: Democrat, Republican, nothing meaningful in our lives ever changes. At least, nothing mentioned during campaigning season (Obama promising to eliminate bail outs)(pulling our trips from Afghanistan etc)

Remember, there are no coincidences in politics. Results are always the same, because the even our President is a puppet, strings pulling them, serving their masters agenda.

Visual Capitalist Article Here

 

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About Mac★Aethyr²³

MC, Wordsmyth, Psychonaut, MAC. Gunslinger.

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