Nominal. Real. Really?.....................from Rico

Take a look a the nominal household income on this chart.

- Looks OK, especially if you do NOT understand that 'nominal' means a value not adjusted for inflation or rate of return.

- Bigger numbers GOOD (just like low unemployment numbers GOOD...ignoring that they are fake numbers).

We'll assume that outside DC (the District of Criminals) everyone understands that the 7.whatever% official unemployment number is 'cooked' since real life experience and real numbers (like John Williams of ShadowStats) say it is 23.3% instead.

Now let's get REAL.

- Real household income (when adjusted for inflation...that other pesky reality we're told we do not have, just like unemployment) has declined.

- Real income is LOWER now than it was over four years ago during the last recession (which like unemployment, and inflation, we're told is and has been over for many years now.)

Really?

- Just because it's repeated endlessly with a straight face, what kind of maroon believes anything these clowns say anymore?