11/11/16, "Get Ready...Change Is Upon Us," Chris Martenson, peakprosperity.com
"The 'economic peace' we've enjoyed for decades is over."
"Obvious misguided economic policies are
destined to have a limited period of apparent (but false) prosperity,
after which they end with a nasty Bang!
We have entered just such a time. This isn't a Trump vs. Clinton
thing; I'd make this claim regardless of who won this week's
presidential election -- as our plight is much bigger than a single
Administration. And my observation is that neither political party had
much interest beyond some temporary election year lip-service to the
economic plight of the middle class.
And by “middle class” I mean anybody not in the top 5% economic
bracket. For those doing the math at home, that leaves the remaining 95%
of us stuck in the meat grinder....
For those desperately seeking answers to Trump's surprise win, this
article ("How half of America lost its f***ing mind," Daniel Wong, Cracked.com "3. "The Rural Areas Have Been Beaten To Shit"), of which I have reproduced only a small part, provides essential context. It's explanation has done wonders for everyone I have shared it with who was struggling:...
The essential context is simply that rural residents are drowning
under chronic economic blight. And when they dare to complain about it,
they're castigated and humiliated by the dominant city culture that has
no awareness of or sympathy for their troubles.
We've NAFTA'd away millions of manufacturing jobs (and those that
served manufacturing communities) without providing the displaced labor a
path to reskill and apply itself.
Instead, we've left a patchwork of
bomb crater communities across the heartland, where there are no
employers and no prospects. To these rural folks, being cast as racist,
misogynist, ignorant, or uneducated buffoons for being angry about their
plight just adds kerosene to the fire that's been smoldering within
them.
A fire which just conflagrated during this week's election.
So to reiterate: the cultural divide that's really in play here is
not between the 'enlightened/progressive' people and their supposed
opposites. Rather, it's Urban vs Rural
.
And as the rural dwellers have increasingly felt marginalized,
demonized and otherwise unfairly treated, they are now angry enough at
the perceived injustice to lash out against the status quo and roll the
dice with an outsider who promises to shake things up. It's not
surprising, really....
Adding to this understanding is today's article by our good friend
Charles Hughes Smith, who validates the rage the downtrodden are feeling
these days:
"The Source of our Rage: The Ruling Elite Is Protected from the Consequences of its Dominance"
"There are many sources of rage: injustice, the destruction of truth, powerlessness.
But if we had to identify the one key source of non-elite rage that
cuts across all age, ethnicity, gender and regional boundaries, it is
this: The Ruling Elite is protected from the destructive consequences of
its predatory dominance.
We see this reality across the entire political, social and economic
landscape. If I had to pick one chart that illustrates the widening
divide between the Ruling Elite and the non-elites, it is this chart of
wages as a share of the nation's output (GDP): 46 years of relentless
decline, interrupted by gushing fountains of credit and asset bubbles
that enriched the few while leaving the economic landscape of the many
in ruins....
America's Ruling Elite has transmogrified into an incestuous
self-serving few unapologetically plundering the many. In their
hubris-soaked arrogance, their right to rule is unquestioningly based on
their moral and intellectual superiority to "the little people" they
loot with abandon.
Rather than feel a responsibility to the nation, America's Elite
views the status quo as a free pass to self-aggrandizement. Much has
changed in America in the past 46 years. Not only have wages and
salaries declined as a share of "economic growth," but the wealth that
has been generated has flowed to the top of the wealth/power pyramid....
Social mobility has also declined drastically....
The share of the national wealth has been steadily, if not
increasingly, siphoned away from the 95% and towards the 5%. In
reality, it's almost entirely gone towards the 0.1%.
The economic “peace” we’ve seemingly enjoyed over the past number of
decades turned out to be no peace at all. It was the same sort of peace
that existed between the Treaty of Versailles and the outbreak of WWII
-- a crippling arrangement that overwhelmingly favored one side over the
other....
Similarly, by failing to protect anyone but their cloistered and
wealthy friends, the elites of both current US political parties has
laid the fuel for the fire that now burns....
So this battle is just getting started and will far outlive Trump and
everybody reading this. Decades of ill-advised growth and financial
squandering cannot be wished away -- we, and our children (and likely
our grandchildren, too), will be cleaning up the messes of our
profligacy for a long time....
The new era of status quo rejection is just
getting underway."...
................
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