A silent death............from Rico

For decades now, the Middle Class has been slowly dying from a stealth indebtedness and impoverishment. A silent death, if you will. A death induced by debt.

Look at the debt-to-income graph attached.

The symptoms have been largely papered-over until recently with access TO, and use OF, DEBT.
- As American industries and jobs were shipped overseas while we "globalized" [read: outsourced good jobs for cheaper labor and higher corporate profits], mortgage debt, auto loan debt, credit card debt, student loan debt was 'sold' to us as a convenient access to wealth and the 'good life.'
Everyone ignored the fact that DEBT is not WEALTH.

What do we have today?
- double-digit real unemployment (ignore the planet perception, phoney-baloney 'offishul' numbers of +9%....it's more like 22-23% here on planet reality)
- 23 million under-employed
- one-in-three has NO savings
- 50% cannot scrape together $2,000 within 30 days if they needed to
- 45 million existing on Food Stamps
- We won't discuss the debasement/devaluation of the US Dollar here (that'd be too depressing)

Yep, the "feel good" times that began in the 1980's were completely phoney. The party is now over.

When people figure out that fake prosperity = negative net worth, the proverbial S will HTF.
- Much like the "phoney war" (also called the 'sitzkrieg') preceeded the real carnage of WWII ushered in by the blitzkrieg, so will it be when more people wake up to what george Carlin was saying years ago...the REAL American dream has been shafted.
[ref: YouTube/George Carlin/"The American Dream"]

We've not seen anything YET, but it's gonna go ugly....