“It’s a wonderful life for the 1% and a Xanax existence for the 99,” Bill Gross says, bemoaning the pacification of the masses that the (former) bond king likens to “a day at the Coliseum” for Plebian citizens and “cake” for the French Bourgeoisie.
But while the myriad creature comforts available to a society that’s more interested in “Fantasy Sports, cellphone game apps, sexting, and fast food” than it is with the fact that “half of the U. S. population doesn’t go to work in the morning [or] that real wages after conservatively calculated inflation have barely budged since the mid 1980’s,” may serve to keep the populace in a state of perpetual stupor thus forestalling an inevitable revolt by both the proletariat and the elite, demographic realities are set to make the “next few decades” difficult – even for an American electorate drunk on Xanax.
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“It’s A Xanax World,” by Bill Gross
The Romans gave their Plebian citizens a day at the Coliseum, and the French royalty gave the Bourgeoisie a piece of figurative ‘cake’, so it may be true to form that in the still prosperous developed economies of 2016, we provide Fantasy Sports, cellphone game apps, sexting, and fast food to appease the masses. Keep them occupied and distracted at all costs before they recognize that half of the U. S. population doesn’t go to work in the morning and that their real wages after conservatively calculated inflation have barely budged since the mid 1980’s. Confuse them with demagogic and religious oriented political candidates to believe that tomorrow will be a better day and hope that Ferguson, Missouri and its lookalikes will fade to the second page or whatever it’s called these days in new-age media.
This post was published at Zero Hedge on 01/07/2016.
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