This chart from Charles Hugh Smith tells it all. If you were wondering why retailers are closing thousands of stores, look no further. People can’t buy shit without money. It is actually much worse than revealed on this chart. Charles is using the government faked CPI to generate the Real disposable income. Contrast the information on this chart with Wall Street banks and corporate America reporting all-time record profits and Wall Street paying out $26.7 billion in bonuses for 2013. Do you think there is a disconnect? How much longer can this go on?
As long as the banksters are getting their seven figure bonuses, that’s really all that matters.
Banksters getting 7 figure bonuses…
Now, if no-one has any disposable income they won’t need bank accounts will they.
Take the 10% of real “money” out of the fractional banking system and it collapses. Supposedly.
But I guess the top 1% do need bank accounts (in tax havens) and so the system just goes on rollin’ along…for now…
If reality is worse than the graph one would think we’re out of time right now !
The system collapses and is reborn into some delusional utopian dream that everyone thinks (wants). The problem is one of human nature and behaviour. Unless they change, the utopian dream will just be another ponzi world.
Maybe that’s why 200,000 people are willing to move to Mars and not come back eh.
Watch out.
Charts like this make desperate criminal governments try a Hail Mary pass usually code named War. As fucked as the US government is, try WWIII.
“Charts like this make desperate criminal governments try a Hail Mary pass usually code named War”
No. War requires forethought and scheming, charts are created by actions not discovered.
they have been using the old 1930’s playbook: mass deportations, loose credit, public works projects…next we should see gold confiscation, crop failures due to drought, and roaming bands of unemployed workers. if you see all this and decide to take a closer look at the odd landscape, the best course is to recognize the coming tsunami and head for the hills.
El Gordo, have a plan to head for the hills. It’s called bugging out, bugging in, whatever you want to call it, but have a plan. I’ve been working for years on it, and finishing up some bucket lists, like amateur radio, learning to garden, etc. Whatever you do, have a plan. It’s never too late to start, until you need it.
The most important item on your prepping list should be your eternal life. Confess Jesus as Lord and believe God raised him from the dead and you will be saved. (Romans 10:9-10) When you put God first, everything else falls into place. I know that whatever happens, my God will provide.
Nonanonymous says:
“The most important item on your prepping list should be your eternal life.”
Thank you Non, always good to be reminded. Nearly everyone here is a believer, except for those who don’t believe.