Four charts that tell you everything you need to know about the American Empire of Dirt are below. While the 1% who run the rigged financial system of this country utilize their high frquency trading super computers to ramp the Dow Jones back up to 13,000 (still 8% below the level of 2007) in an effort to gorge themselves on the carcasses of the middle class, the true picture of our collapsing empire is there to see for anyone with two eyes and a functioning brain. There are 117 million households in this country and 22.3 million of them are on foodstamps. There are only 75 million owner occupied houses in the country and 30% of them have a mortgage loan greater than the home value. That’s 22.5 million households underwater. There are 243 million working age Americans and only 142 million of them working, with 35 million of those only working part-time. At the same time we have 48 million people collecting Social Security retirement and another 8.7 million people collecting Social Security Disability.
We have re-entered recession. Gas and food prices are rising. Europe is about to collapse. China’s fraud of an economy is coming to a halt. Retail sales have imploded. Consumer confidence is in the toilet. New and existing home sales are falling. But CNBC and the Wall Street shills are telling you its the best time to buy.
Are we living in bizarro world?