What a sick, twisted system. 12 million people can't find work, wages have been stagnant for over a decade, 47 million people are on food stamps, household income is down more than 8 percent since 2000, consumer spending is on the ropes (personal spending rose a meager 0.1 percent in July), the homeless shelters are bulging, the food banks are maxed out, and the unemployment rate just dropped to 7.3 percent because -- get this -- another 312,000 workers threw in the towel and gave up looking for a job altogether. Get the picture: The US economy is in the shitter!
Meanwhile -- while the financial system teeters and the country goes to hell -- the geniuses at the Central Bank keep juicing the money supply and boinking rates to help their rich slacker friends get richer still. What a racket.
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