Disturbing, destabilizing abnormalities are now accepted as normal life in America. Forgive me for wondering if the populace of America hasn’t fallen for a Jedi mind trick: *** Disturbing, destabilizing abnormalities are now accepted as normal life in America: 1. Sprawling tent camps of homeless sprout like flowers of poverty in U. S. cities, leaving mountains of trash that speak volumes about systemic failure, destitution and overwhelmed city services. 2. The Federal Reserve’s vaunted “Wealth Effect” that was supposed to be a tide that raised all boats at least a bit has concentrated wealth and power in the top 5%, 1%, and 1/10th of 1%, leaving the bottom 95% with diminished prospects and a thinning stake in The American Project. 3. The stock market’s year-long levitation while the real-world economy decays is a perverse counter-correlation that reflects the widening divide between those enriched by the asset bubbles and those left further behind.
This post was published at Charles Hugh Smith on MONDAY, DECEMBER 18, 2017.