Get used to it, folks. This way of life is the new "normal".
There are no more bubbles to ride up.
There is no more free credit from every corner.
There is no increase in wages.
There is no abundance of work.
To explain this very simply, we're producing more goods, for the same wages as someone was earning in 1970. Which means, in order to have a market
for these goods, we need MORE money from somewhere. But where?
So, instead of paying us wages we deserve, we're BORROWING money - at interest - to pay for the goods our extra work/effort is producing. So not
only are we being paid less than what we deserve, we're paying MORE (because of interest) for everything we buy! We're the ultimate SUCKER!
The average American cannot simply "raise the debt ceiling" over and over and over and over and over. Try telling a bill collector that if you were
allowed to go just a little bit more in debt that you KNOW you'd eventually be able to pay them back.
The banks loan us money, which they create out of thin air. The people put up real goods as collateral, and the banks collect the goods when they
The complexity of the problem goes to the job market, where an abundance of people looking for jobs will only LOWER the average wages. Why would
someone pay you $9.00/hr when some schmuck will do the job for $8.50... and some other schmuck for $8.00... and some other schmuck for $7.50?
Get used to it. As inflation surges forward, wages stagnate and even deteriorate, the roller coaster ride from here will still have it's ups and
downs, but roller coasters never end up higher than where they started.
It's not like anyone's actually paying attention...