Tag Archives: Middle Class Dismissed

Where the World’s Unsold Cars Go To Die

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“Houston…We have a problem!…Nobody is buying brand new cars anymore!  Well they are, but not on the scale they once were.  Millions of brand new unsold cars are just sitting redundant on runways and car parks around the world.  There, they stay, slowly deteriorating without being maintained.  Below is an image of a massive car park at Swindon, United Kingdom, with thousands upon thousands of unsold cars just sitting there with not a buyer in sight. The car manufacturers have to buy more and more land just to park their cars as they perpetually roll off the production line.  There is proof that the worlds recession is still biting and wont let go.”

http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die

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Why I Sued the U.S. Government 28 Years Ago and What I Learned

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“My name is Will Bonner.  In 1986, at the age of seven years old, I took the US Secretary of the Treasury, James A. Baker, to federal court over the US national debt.  When I was seven years old, I took James A Baker, former US Secretary of the Treasury, to court… over the US national debt.  I wasn’t looking for a big cash payday.  I was asking the court to prevent Mr. Baker and the United States Treasury from getting away with the biggest rip-off in history… a policy most people don’t understand or like to talk about… but one that I believed would ruin this country… And I wish I was writing to you to tell you that I had been successful… that I had stopped it.  But it didn’t turn out that way.”

http://pro.bonnerandpartners.com/0514BBWUNSBPP/EBBWQ532

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Bill Bonner: Middle Class? What Middle Class?

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Bill-Bonner2

“Want a middle-class lifestyle… with middle-class finances… and middle-class attitudes?  Forget it. Trying to enter the middle class is like trying to get a job as a galley slave. You get chained to an oar. You sit. You row… until you drop dead.  The middle class, as Smith tells it, is desperate to continue its ‘aspirational consumption financed by debt.’ It’s a trap – set for you by the oligarchs and ‘poligarchs’ (people whose votes can be bought cheaply) who control Washington and its major industries.  And if you’re young, you face a lifetime of backache… trying to keep up the pace.  These heavy burdens didn’t ‘just happen.’ They are the result of dirty dealing by America’s goons and poltroons.”

http://www.bonnerandpartners.com/middle-class-what-middle-class/

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Wholesale Prices in U.S. Climb by Most in a Year; Food Prices Surge

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“The 0.6 percent increase in the producer price index was the biggest since September 2012 and exceeded all estimates in a Bloomberg survey of economists, figures from the Labor Department showed today. Over the past 12 months, costs climbed 2.1 percent. Food prices surged by the most in three years.  Wholesale food expenses increased 2.7 percent in April, the biggest jump since February 2011, led by an 8.4 percent surge in the costs of meats that was the biggest since 2003. A confluence of events ranging from drought in the West to porcine epidemic diarrhea is pushing up prices for beef, pork and other foods.”

http://www.bloomberg.com/news/2014-05-14/wholesale-prices-in-u-s-increase-by-most-in-more-than-a-year.html

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San Francisco’s Dumb Ban on Bottled Water

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“San Francisco’s Board of Supervisors voted to ban bottled water from city property and events, as well as food trucks regulated by the city. The legislation is widely acknowledged to be among the strictest bottled-water bans in the country, and in the environmental community at least, it’s being hailed as an important step in ridding landfills of the scourge of plastic bottles. A tad smugly, David Chiu, the city supervisor who authored the legislation, underscored that the ban was intended to change behavior, too, not just packaging. ‘I want to remind people that not long ago, our world was not addicted to plastic water bottles,’ he said. ‘For centuries, everybody managed to stay hydrated.'”

http://www.bloombergview.com/articles/2014-03-14/san-francisco-s-dumb-ban-on-bottled-water

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Developers Turn Former Office Buildings Into High-End Apartments

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“A major realignment [is] taking place in cities across the U.S. as landlords repurpose their buildings from spaces where people work to spaces where they sleep. In the process, the traditional economic relationship between residential and commercial real estate is turning upside down.  At the end of 2013, the U.S. apartment vacancy rate stood at 4.1%—the lowest since the end of the dot-com boom in the early 2000s, and below its 5.7% average rate since 1980. Meanwhile, the office vacancy rate was 16.7%—only a nudge down from the 17.6% post-economic crisis high reached in 2010 and well above its average of 14.9% since 1980.”

http://online.wsj.com/news/articles/SB10001424052702303626804579506073419741570

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Yellen: How High Is Up?

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Anthony-Wile1

“Yellen seems to be setting the table for continued monetization not industrialization. The Fed under Yellen, as under Bernanke, is concerned mainly with the ‘monetary economy’ because that benefits globalist strategies. A healthy ‘normal’ economy helps working class people. A monetized economy boosts stock markets, upscale real estate, high-end luxury goods, speculative investments, etc. From my point of view, this is no coincidence and it’s one reason High Alert continues to present our ‘Wall Street Party’ meme.  A slow economy awash in currency that is gradually trickled into stock and bond markets is an ‘investor’s’ economy.”

http://www.thedailybell.com/editorials/35268/Anthony-Wile-Yellen-How-High-Is-Up/

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Doug French: The Market Is Rigged

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“In the end, the controversy surrounding high-frequency trading is likely much ado about nothing. For one thing, the industry peaked five years ago, pulling in $5 billion in profits. In 2012, it pulled in $1 billion. That might sound like a lot, but JPMorgan Chase made $5 billion just last quarter. As far as influencing markets and costing the average person money, HFT doesn’t compare to the Fed’s quantitative easing and zero interest rate policy.  A more sound currency, whether metallic or digital, would spread a healthier culture: one not so obsessed with speculation, wealth, material goods, and nanoseconds.”

http://www.fee.org/the_freeman/detail/the-market-is-rigged

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Bill Bonner: Here’s Proof That Wealthy Elites Control Washington

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Bill-Bonner2

“We had no proof. Just an observation. But it looks to us as though government always begins and ends as a tool for those who control it.  It is not the product of a ‘social contract.’ It is not an expression of the ‘general will.’ It is not the ‘price we pay for civilization.’ It is not ‘captured by wealthy special interests.’  On the contrary, it is as blunt and stupid as a crowbar. It is used by the elite to pry wealth, status and power away from everyone else.  Few victims of the public school system believed us, but now cometh a study from Princeton and Northwestern universities proving we were right.”

http://www.bonnerandpartners.com/heres-proof-that-wealthy-elites-control-washington/

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Oligarchy in the 21st Century … Get Used to It?

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“Alan Greenspan no doubt would have answered in a way that allowed for multiple interpretations.  But Yellen took the question with little equivocation. We can see that Yellen is being cautious, even as she is granting the possibility that the US is an oligarchy. Sanders has an agenda, but Yellen is certainly not about to discount it outright. That this question came up at all is the result of a Princeton study on the subject. A TalkingPoints post back in April reported on the study, which asks ‘who really rules the US.’ The study concludes that in the past few decades America’s political system has evolved from democracy to oligarchy.”

http://www.thedailybell.com/news-analysis/35289/Oligarchy-in-the-21st-Century–Get-Used-to-It/

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