Snyder: The “Tapped Out” American Consumer

No matter how much the media and Obama liee…soon enough, the working people, and those stupid enough to vote for democrats, will get pinched in the @$$..Your child will have to do without, so you can pay for Obama’s golf trips and lavish parties…

It’s fine to stand on the soapbox and Bash Romney, because you hate him, because you have made some bad decisions…but when Obama drains “The Rich” dry, …he’ll have to come to you….. It’s simple math…

And when Obama and Reid have @$$-raped you of every last penny…maybe then, you’ll see you were a F*#king idiot, and Big T was right….and FITS played you for a Dumb@$$…

Of course you’ll never admit that…but when you get in that ballot box, it will be evident as Obama is Thoroughly Rejected in Nov. 2014…and the democrats get the living $#!* kicked out of them in 2016, too…

Better days ARE ahead…but we must limit the damage of Obama, starting today…

http://en.wikipedia.org/wiki/File:Median_US_household_income.png

#13 is not in agreement with this chart and the drop started two years BEFORE Obama was elected. Does Michael Synder work for the Heritae Foundation or some other right wing outfit.

Why do you think hard-working American earners despise it when you glorify silver-straw trust-fund playboys by giving them space on your site. Choose a side FITS and then ride it like you stole it.

In days gone by, this increase in the money supply through Quantitative Easing (legalized counterfeiting would have caused prices and wages to go up almost immediately. Not anymore. Prices and wages are controlled. What does happen, however, is that the government is caught in its own trap. It needs to keep the workers happy by giving them wage increases, but it also needs to keep its factories functioning by allowing price increases as well. The wage-price spiral, therefore, is not elimi­nated. It is merely delayed a few months. And, instead of happen­ing in response to the interplay of supply and demand in a free market, it is directed by bureaucratic formula. The end result is the same either way. The people of the world are still paying the cost of their international and local governments through the
hidden taxation called inflation.

In the chaotic past, the industrialized nations of the world went through phases of disruptive inflation often exceeding 1000% per year. That served a purpose in helping to destroy public faith in their existing national governments. It softened them up and made them more willing to accept drastic changes in their life styles and their political institutions. It paved the way to The New World Order. But now we have arrived, and extreme inflation rates—at least in the absence of war—would cause public dissatisfaction and be counterproductive. Inflation, therefore, has now been institu­tionalized at about 5% per year. That has been determined to be the optimum level for generating the most revenue without causing public alarm. Five per cent, everyone agrees, is “moderate.” We can live with that, but we tend to forget it is 5% per year, forever.

A 5% devaluation applies, not only to the money earned this year, but to
all that is left over from previous years. At the end of the first year, the original dollar
is worth 95 cents. At the end of the second year, it is reduced again by 5% leaving its worth at 90 cents, and so on. After 20 years, the government will have confiscated 64% of every dollar we saved at the beginning of our careers. After working 45 years, the hidden tax on those first-year dollars will be 90%. The government will take virtually all of them over our lifetime. Current income and earned interest will partially offset this effect but it will not alter the underlying reality of government confiscation.

EFFECT OF “MODEST” 5% INFLATION

For the past fifty years, all the published charts illustrating the decline of the dollar from such-and-such a date to the “present” show the following type of
curve. 64% in 20 years 93% in 45 working years to retirement, over a lifetime 100 confiscation of savings through inflation tax

These, of course, are averages. A few people in the middle class of the bureaucracy will have managed to place some of their dollars into tangible assets or income-producing securities—what few remain—where they are somewhat protected from the effects of inflation. For the vast majority, however, inflation hedges constitute but a tiny fraction of all they have earned over a lifetime.
And so we find that, in The New World Order, inflation has been institutionalized at a “modest” level of five per cent. Once in every five or six generations—as prices climb higher and higher—a new monetary unit can be issued to replace the old in order to eliminate some of the zeros. But no one will live long enough to experience more than one devaluation. Each generation is unconcerned about the loss of the previous one. Young people come into the process without realizing it is circular instead of linear. They cannot comprehend the total because they were not alive at the beginning and will not be alive at the end. In fact, there need not even be an end. The process can be continued forever.
By this mechanism—and with the output of work battalions— government can operate entirely without taxes. The lifetime output of every human being is at its disposal. Workers are allowed a color TV, state-subsidized alcohol and recreational drugs, and violent sports to amuse them, but they have no other options. They cannot escape their class. Society is divided into the rulers and the ruled, with an administrative bureaucracy in between. Privilege is now largely a right of birth. The worker class and even most of the administrators serve masters whom they do not know by name. But serve they do. Their new lords are the monetary and political scientists who created and who now control The New World Order. All of mankind is in a condition of high-tech feudalism.