The Burning Platform
May 30, 2014
I’m guessing you’ve heard a spokesmodel “journalist” or Wall Street Ivy League economist hack, on the corporate mainstream media, bloviate about the dreadful weather keeping consumers from spending over the last six months. They assured the technology sedated masses that they would resume their debt financed orgy of consumerism as soon as the warm winds of Spring arrived.
Well, Spring arrived right on time in April. Temperatures rose, the sun came out, and consumers spent even less. Oops!!!!
Frantic calls are being made to Madison Avenue public relations “experts” for a new spin on data proving we are in recession. Maybe it was too sunny and warm in April. Consumers just wanted to sunbath in their backyards because 92 million of them aren’t in the labor force anymore.
It seems we just experienced the largest drop in consumer spending since September 2009, when all of the highly educated, highly paid, mouthpieces for the establishment insisted we would see a consumer spending revival as soon as the snow melted.
Propaganda, storylines, lies, misinformation and cheer leading constitute our entire society at this point in our long decline. We all know for a fact we are paying far more for energy, food, and Obamacare boosted insurance premiums. The collapse in Retailer sales and profits proves we have nothing left to spend on anything else. Weather has nothing to do with anything.
Looking at the data on the BEA website reveals these tidbits:
We have less real disposable income, fewer jobs, higher energy, food, and health insurance costs and the stock market continues to hit all-time highs as the oligarchs use their HFT supercomputers to fleece the muppets, rig the system and reap Federal Reserve created riches for themselves. The sheeple hate Congress and then vote 99% of incumbents back into office.
If you want to understand why we are in an inescapable downward financial spiral look no further than what percentage of personal income constitutes government entitlement transfers from the productive to the non-productive:
1988 – 11.3% of personal income was made up of government transfers
2000 – 12.0%
2008 – 14.2%
2014 – 17.0%
Does this trend seem to be sustainable, or have we crossed the point of no return?
And so it goes.
Gold Goliath is not your typical gold dealer.