Tthe designated losers of central bank policies – wage earners and savers – are the vast majority of the households out there. But it’s hard to get an economy to thrive if the vast majority of its participants are being systematically and relentlessly plundered in tiny insidious increments on a daily basis. Of course, central banks have a solution: get these folks to borrow money and spend it to goose the economy, so that they’ll turn into debt slaves, rather than just impoverished middle-class workers. wolfstreet/2014/10/18/these-charts-show-the-pauperization-of-workers-in-the-uk-and-america/
Posted on: Tue, 21 Oct 2014 19:08:00 +0000
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