What "Normal" Are We Returning To? The Depression Nobody Dares Acknowledge
Even as the chirpy happy-talk of a return to normal floods the airwaves, what nobody dares acknowledge is that "normal" for a rising number of Americans is the social depression of downward mobility and social defeat. Downward mobility is not a new trend--it's simply accelerating. As this RAND Corporation report documents, ( Trends in Income From 1975 to 2018) $50 trillion in earnings has been transferred to the Financial Aristocracy from the bottom 90% of American households over the past 45 years. "The $50 trillion transfer of wealth the RAND report documents has occurred entir...
Source: zerohedge.com