Relevant:
- The difference between investing in the dollar store economy and living in it: 20 percent of Americans now receiving food stamps. Dollar stores become a growth industry and top one percent gobble up all income gains after recession.
- iTulip ShadowFed Board Decision: 25bp Cut
- The Confiscation Con
- When it costs more to be poor -- Fed and government shifting inflation onto rent, medical care, and food. QE3 to widen the gap between the poor and the wealthy
- The McDonalds Falling Dollar Menu
2012-10-12 — mybudget360.com
The standard of living in the US is on a multi-decade long trend to the bottom. The US dollar has fallen by over 50 percent since the early 1980s. This debt fueled system based on a policy focused on crushing the US dollar is now coming home to roost. You can only crush your currency so much that now, Americans with depreciated dollars are needing to compete for fuel, food, education, and other items with a weak currency. We also have a massive number of Americans getting out of the labor force:
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