TO INFINITY, BEYOND & BACK TO EARTH

Jon Blogosphere, Controlled Media, Economy, Fiscal Policies

There are two ways to buy Chinese slave labor produced stuff you don’t need at one of our millions of mega-retailers. You can pay cash from your latest payroll direct deposit or you can whip out one of your eight credit cards and do it the American way.
A measure of how delusional and desperate the average American has become is to divide their total consumer debt by their total salary and wages. The chart below tells the true story about the average American. Back in the pre-delusional days, before the banksters and their propaganda media had convinced the willingly ignorant public that debt financed purchases equaled wealth, consumer debt divided by salaries and wages ranged from 24% to 30%.
Around the time that Greenspan made his irrational exuberance speech, the American public went full retard and have never looked back.

This post was published at The Burning Platform on 11th October 2014.