by Leanne Ogasawara
Last month here, my illustrious 3QD associate Evert Cilliers (aka Adam Ash) asked the following question: Can America survive what our 1% and their useful idiots and the dems have done to us?
His answer, in short, is no. He says:
We used to be a Ford economy: at the outset Ford decided to pay his workers enough money to be able to afford the cars they made. Today we're a Walmart economy: Walmart doesn't pay its workers enough wages for them to get off food stamps. We're forced to live on credit. When our 1% of rich folks inflated the housing bubble to create their fraudulent derivatives, regular folks had enough equity in their homes to finance their living standards. For a short while. Then that Ponzi scheme collapsed. Today we Americans don't get paid enough for us to have an economy. The rich have plucked the goose so bare, there's nothing left but the bones.
Nothing but bones about it. I arrived back to the US after twenty years overseas during the height of the Occupy Movement. Two decades is not all that long, and yet the change in America was staggering. I was only surprised the Occupy Movement was as restrained as it was. I have heard it said that during the time I was away occured the largest transfer of wealth in this country's history. I don't know if that is true or even close to being true, but that one class of the population had grown significantly wealthier to an exponential degree while the majority had sunk to a “nothing left but bones” state, I think is undeniable.
When I left, this country was just as Cilliers describes: a Ford economy. As he suggests, there has always been upper management versus labor/staff and ruling elite versus the masses–but back in the old days, the non-elite could basically make a living, had benefits, and could survive. That is, a family could manage and their children be educated on the salary of factory line worker. Also at the time I left, medical bills didn't often completely wipe a family out either.
What on earth happened when I was away?
