Loading ...Stockman: The Destruction Of The American Middle Class
…the U.S. economy is badly broken, yet you do not hear a peep from either wing of the Uniparty.
Since money-printing went into permanent high gear after the dotcom crash in 2000, the top 1 percent of households have gained $20 million each in inflation-adjusted net worth.
The real problem is that the U.S. economy has done such a poor job of generating middle-class employment opportunities that it took 1,400X more workers at the bottom of the labor market to generate the same amount of wage income as the top-tier earners.
The short answer, of course, is that the U.S. economy desperately needs far less speculation on Wall Street and far more productive investment on Main Street—when, in fact, the opposite has been happening during the past two decades.
https://www.zerohedge.com/personal-finance/stockman-destruction-american-middle-class
And you know who we can thank for all this? The federal reserve for printing money out of thin air. Too many dollars equals a devaluing of the dollar. It’s sickening.