America

Submitted by Michael Snyder via The Economic Collapse blog,

Ten years ago, a major Hollywood film entitled “Idiocracy” was released, and it was an excellent metaphor for what would happen to America over the course of the next decade.  In the movie, an “average American” wakes up 500 years in the future only to discover that he is the most intelligent person by far in the “dumbed down” society that he suddenly finds himself in. 

Donald Trump is on a roll, election-wise, in the United States. While his support grows, some may be shocked to find that one of his former top publicity and communication strategists has not only quit, but she has a dire warning for America: DO NOT ELECT TRUMP. Stephanie Cegielski, has strong words for those, like she once was, who are Trump supporters. She claims that what started as a “protest” Presidential run, not meant to make any impact, has morphed into an incredibly scary monster.

Submitted by John Vibes via TheAntiMedia.org,

Nick Cannon, the celebrity known best for his roles in television comedy shows, has released a deeply profound video about this year’s election cycle.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

America used to be the land of opportunity and optimism. Now opportunity is seen as the preserve of the elite: two-thirds of Americans believe the economy is rigged in favour of vested interests. And optimism has turned to anger. Voters’ fury fuels the insurgencies of Donald Trump and Bernie Sanders and weakens insiders like Hillary Clinton.

 

While the Fed has long been focusing on the revenue part of the household income statement (which unfortunately has not been rising nearly fast enough to stimulate benign inflation in the form of nominal wages rising at the Fed's preferred clip of 3.5% or higher), one largely ignored aspect of said balance sheet has been the expense side: after all, for any money to be left over and saved, expenses have to surpass income.