We are living through the largest pillaging of the American middle class in a half-century.
Posted by freedomforall 8 months, 1 week ago to Government
Excerpt:
"We are living through the largest pillaging of the American middle class in a half-century. It’s not in the headlines. This is extremely strange. In fact, this might be the first and only article you have read about it. This could be for a reason. If people knew what was happening to them, they would begin to feel very restless, even furious. Some people among the ruling class do not want that.
The Biden administration trumpets its economic achievements. It’s mind-boggling. Call it trolling. Call it gaslighting. Call it whatever you want but you know it is untrue.
...
The causal reasons are many but mainly trace to the 43 percent increase in the money supply in the same period, which ate the value of the dollar with a lag. On top of that, supply chains broke, industry was consolidated, commercial freedom wrecked, and labor markets were forcibly disrupted.
Now, let’s compare this to what everyone recognizes as the great inflationary disaster of the postwar period, which is 1978 to 1982. These were the times when the Fed and government pillaged the public, drained away the value of savings and capital, and forced a reorganization of family life. At the end of this period, the average American household went from living off of one income—realizing the American dream—to having two incomes in the household. That happened in 1985 when two-income households became the norm.
At the time, this was called emancipation of women but, looking back, we can see that this was clearly propaganda to cover up an economic disaster. Gender discrimination in the workplace hasn’t really been a major issue for most of the 20th century. Back in the mid-1920s, if you look at unmarried women without children after the age of 18, the employment rate in the city was generally 80 percent. These women left the workforce upon marriage to focus on children and the household whereas the men bore the obligation of providing for the whole.
That was the way we lived until the great inflation. That’s what changed everything. After that, households had to have two incomes to live well instead of one, meaning that one partner had to go to the office rather than tend to the household or otherwise pursue the good life. That the ruling class was able to fob this off as some kind of new liberty (for women) is a tribute to the power of ideologically driven lies."
"We are living through the largest pillaging of the American middle class in a half-century. It’s not in the headlines. This is extremely strange. In fact, this might be the first and only article you have read about it. This could be for a reason. If people knew what was happening to them, they would begin to feel very restless, even furious. Some people among the ruling class do not want that.
The Biden administration trumpets its economic achievements. It’s mind-boggling. Call it trolling. Call it gaslighting. Call it whatever you want but you know it is untrue.
...
The causal reasons are many but mainly trace to the 43 percent increase in the money supply in the same period, which ate the value of the dollar with a lag. On top of that, supply chains broke, industry was consolidated, commercial freedom wrecked, and labor markets were forcibly disrupted.
Now, let’s compare this to what everyone recognizes as the great inflationary disaster of the postwar period, which is 1978 to 1982. These were the times when the Fed and government pillaged the public, drained away the value of savings and capital, and forced a reorganization of family life. At the end of this period, the average American household went from living off of one income—realizing the American dream—to having two incomes in the household. That happened in 1985 when two-income households became the norm.
At the time, this was called emancipation of women but, looking back, we can see that this was clearly propaganda to cover up an economic disaster. Gender discrimination in the workplace hasn’t really been a major issue for most of the 20th century. Back in the mid-1920s, if you look at unmarried women without children after the age of 18, the employment rate in the city was generally 80 percent. These women left the workforce upon marriage to focus on children and the household whereas the men bore the obligation of providing for the whole.
That was the way we lived until the great inflation. That’s what changed everything. After that, households had to have two incomes to live well instead of one, meaning that one partner had to go to the office rather than tend to the household or otherwise pursue the good life. That the ruling class was able to fob this off as some kind of new liberty (for women) is a tribute to the power of ideologically driven lies."
