21st CENTURY REALITY vs. STORYLINE

I’m baffled by the storyline portrayed by the dying legacy media, sponsored by Wall Street and the CEO executive suites of mega-corps, and supported by the propaganda data agencies of the U.S. government. The BLS, BEA,  CBO, CNBC, CNN, and a myriad of other government sponsored letters present supposedly accurate data that is designed to convince the ignorant masses everything is fine and their lives are improving.

For anyone willing to uncover the facts and think critically about the storyline being presented, an entirely different reality is revealed. The simple chart below obliterates the “official” storyline. Do you have the uncomfortable feeling that your financial situation has been declining for the first 13 years of the 21st Century?

Your beloved government puppets and their Wall Street puppeteers have used their control of the mainstream media to fully utilize Edward Bernays’ propaganda techniques to convince you that your household income has actually risen by 28% since 2000. There is a reason the government run public schools don’t teach children about inflation. They might figure out how badly they are getting screwed by their owners.

In reality, even using the heavily manipulated CPI numbers issued by the BLS, REAL median household income in the United States has FALLEN by 7% since 2000. Most households in the U.S. have less annual income than they did 13 years ago.

But it gets better. Median REAL household income is down 8% since the peak in 2008. Now for the government statistic reality check. According to the government and their media mouthpieces, the economy bottomed in 2009, with 10.3% unemployment and GDP bottoming at $14.34 trillion. Since the “official” end of the recession in 2009, the unemployment rate has plummeted to 7.0% and GDP has surged to $16.9 trillion.

If this government reported data is true, how could REAL median household income still be 4% lower than at the END of the recession in 2009? If all these jobs were created and the economy has truly grown by 18%, REAL median household income must be higher than it was in 2009. But it’s not.

Do you still believe the storyline? Do you still believe in the American Dream of a better tomorrow? If you do, you’d have to be asleep.

Luckily for the ruling class, they have successfully “educated” the masses to not understand inflation or revolution would be on the horizon.

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”Henry Ford

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taxSlave
taxSlave

We are in a world of shit. I hope there is something better beyond the door of death.
Not counting on it.

Hollow man
Hollow man

Just think if they have started to believe their own lies. Then they honest believe everything is pretty much ok.

KaD
KaD

“Do you have the uncomfortable feeling that your financial situation has been declining for the first 13 years of the 21st Century?”

That nails it. I’ve had ONE good year since 1998.

bb

Tax slave……anything beyond death ? How about eternity…..He has put eternity in the hearts of men..eccl 3:12 also 12:5….don’t say you don’t believe for then you call God a liar.

AWD

Obamacare will be the final nail in the coffin. tens of millions will now not be able to afford health insurance after having gotten their policy they could afford cancelled. One or two trips to the ER, or a hospital stay, and they’ll be filing for bankruptcy. Well, actually, 600,000 people with health insurance file for bankruptcy every year. Ooops.

Our whole country has been transformed into a sieve, where all money is siphoned off and deposited into the pockets of banks, insurance companies, corporations, and Wall Street. People keep getting paid less and less, because they are competing with people on the other side of the world, but that doesn’t stop them from buying Japanese and Korean cars, and Chinese crap at Wal Mart. We’re just in the early stages of our economy shrinking, then collapsing.

And we just gave it all away. We’ve been in a war for 50 years and nobody is aware of it. You know, the economic war. We’ve lost, and yet the damage continues to get worse every year. And it’s going to get much, much worse. Like any war, everything is wiped out. Poverty is the highest it’s ever been, and more people slip down the social class ladder every day. The upper middle class will be next, wiped out as nobody can afford professional services anymore, upper management is no longer needed, or replaced by technology or off-shored.

Thank God for the DHS, to protect the socialists running things and the 30 million union government drone party members making the equivalent of $120,000 a year and retiring at 50.

Chicago999444
Chicago999444

Believe me, nobody out here is convinced by the story-line.

Everyone knows we are being lied to and expects we will be lied to more. The prevailing opinion among the sheeples is that there is nothing you can do about it, so you might as well seize the moment….. get that new $50,000 car with the 0 down 7 year loan, run the plates up for new stuff, and look for ways to game the system.

I meet more and more people who would have considered themselves far above accepting any sort of government welfare a few years ago, who now shamelessly “game” the system. Two of the people I know who do are young, educated Asian males with good incomes, whose “commonlaw” wives (to whom they are not legally married) collect ADFC for the kids while living in the same household with Dad. These men are totally unapologetic about this, and consider anyone who is not grabbing the gooberment goodies with both hands to be schmucks. “Why you pay for everyone else while you get nothing” they ask. The reasoning is that since the banks and every other major corporation are getting multi-billion dollar handouts, and the taxpayers have been supporting entire populations of totally nonproductive retards for generations, they are entitled to grab some loot, too.

DC Sunsets

The top was clearly in 2000.

We had a debt-based party starting in 1982.
It hiccuped in 1987, but resumed partying immediately.
In 1994-5 it looked like maybe it would roll over…but instead we launched into the greatest asset mania in recorded history, far eclipsing Tulipmania and the twins of France’s Mississippi Scheme and England’s South Sea Bubble (early 18th century).

In 1998 the Long Term Capital Management debacle threatened to end the party, but the Fed bailed out LTCM and it was BACK OFF TO THE RACES yet again, with the Nasdaq mania of 1999 and early 2000 blowing the doors off any prior insanity meter.

The party ended in March 2000 and the Nasdaq composite fell 80% in less than 2 years. Does anyone remember that any more?

Then the credit pushers opened the floodgates, allowing (if not actively enabling) sketchy debt to be aggregated into CDO’s and sold on the market.

Housing blew up and we fell again in stocks (to 666 on the S&P500) by March 2009. Then the decline stalled and a V-shaped bottom turned to rally as the Fed (in desperation to keep the Crystal Meth Credit flowing to party-goers) began to directly debase the currency via unbacked emission of credit to its cronies and Uncle Sam.

This is where we are today.

Does Uncle Sam keep borrowing the Fed’s Credit-From-Nowhere and endlessly dropping the credit money from helicopters? If they keep it up, at what point does the Fed’s balance sheet expand so much, and the FedGov’s debt grow so astronomical, that people can no longer believe the fairy tales being spun by CNN, HuffPost, NYT, FOX, CBS, ABC, CBS, et.al.?

Do trees grow to the sky?

When people lose faith in the DEBT, what happens to the money supply (which is mostly debt)?

Ole Guy
Ole Guy

The published chart will be getting worse. Employers are converting jobs to part time. I do not blame them as they will go bankrupt trying to adhere to the new medical law. This administration want to increase the minimum wage but the problem is more and more people will be working part time. Of course when I was young full time meant 40 hours a week. Now full time is considered 29 hours a week. The problem is not the wages but the government’s changed to the labor laws defining work. Tough to make ends meet when working 28 hours a week.

The unemployment numbers are actually worse when you do the math. The BLS report does not even take out people working two jobs now because of the new labor laws. All the gov really wants to do is get wages to the point they do not have people on the government teat.

People often times blame business here when the root of all the problems is a corrupt government.

juan
juan

flash says:

“Why, the next thing you know, someone will discover that the Law of Supply and Demand applies to the labor market!”

that person might be you. everyone else since Sam Walton has figured out that paying someone less to do more is the way of all wealth. did you not read my “the rich man” primer?

flash
flash

Sorry, juan , I must have missed it.
Clearly you don’t work for a corporation or the corporate controlled government.Mass immigration/invasion/diversity is the key to US prosperity…they say.

juan
juan

yes, and the purpose behind it is to buy cheap labor.

Spinalator
Spinalator

100 yrs ago there was a net labor shortage in the US. Today due to population growth everywhere, and advancing technology we are in a net labor surplus. Seems to me supply and demand don’t support rising wages and the eternal growth paradigm is starting to sputter. Luckily, as technology advances and more activities are replaced this will get much better, and the value of human life will continue to rise as we slowly become more replaceable to TPB (sarc).

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