US Economy economic divide widens (Telegraph)
Very good article in the telegraph, on the widening economic divide, between Wall St and Main Street America. The article details the disparity in growth figures between, the upper and lower sections of the society, looking at the increased growth in the luxury goods market as against the stagnation in the lower income level sectors.
It lays bare the disparities, and the reality of the movement towards massive polarisation between, high earners and the ordinary people of main street USA. It also goes on to say that the increased levels of inequality will lead to increased unrest in the US, with the increased activity of state militias, and general public concern over unemployment, and the stagnating economy.
(Read here)
The USA seams to be heading towards the greatest levels of inequality ever seen in a modern society, the fountain of cheap dollars that the Fed has unleashed, has merely found its way on to the balance sheets of the banks, then in turn this finds its way into the equities markets, fueling the false growth we have seen. The only people benefiting from this are those on the loop, Bankers, traders, equity funds, hedge funds, yacht salesmen, etc. This is a fraud, and the people on main street are paying, never has the like been seen even during the Great Depression.
The American people should be growing restless by now, there government is running out of steam, the boost the economy needs will not come in time to reduce the 10% plus unemployment, which in some sectors is actually more like 20%. A crisis point is near, and the consequences to all in America will be serious, rich or poor.
It lays bare the disparities, and the reality of the movement towards massive polarisation between, high earners and the ordinary people of main street USA. It also goes on to say that the increased levels of inequality will lead to increased unrest in the US, with the increased activity of state militias, and general public concern over unemployment, and the stagnating economy.
(Read here)
The USA seams to be heading towards the greatest levels of inequality ever seen in a modern society, the fountain of cheap dollars that the Fed has unleashed, has merely found its way on to the balance sheets of the banks, then in turn this finds its way into the equities markets, fueling the false growth we have seen. The only people benefiting from this are those on the loop, Bankers, traders, equity funds, hedge funds, yacht salesmen, etc. This is a fraud, and the people on main street are paying, never has the like been seen even during the Great Depression.
The American people should be growing restless by now, there government is running out of steam, the boost the economy needs will not come in time to reduce the 10% plus unemployment, which in some sectors is actually more like 20%. A crisis point is near, and the consequences to all in America will be serious, rich or poor.
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