THE SPLIT BETWEEN THE 99% AND THE 1 % IN THE AMERICAN AND THE WORLD ECONOMY IS BEST SHOW BY THE PRICE OF STOCKS...
STOCKS SIMPLY ARE NOT "ALLOWED" TO CRASH...THE CENTRAL BANKS SUPPORT ASSET PRICES AT ALL COSTS...
THE PRICE OF GOLD IS SOARING...AND OIL AND OTHER COMMODITIES...BUT THESE ARE "ASSETS"...AND THE 1% OWN ASSETS...
THEY DON'T WORK FOR WAGES...
THE DICOTOMY IN THE AMERICAN ECONOMY IS THE DIVIDE BETWEEN RICH AND POOR...TO BE SURE...
BUT ANOTHER WAY OF LOOKING AT IT IS THE DICOTOMY BETWEEN ASSETS AND WAGES...
ASSETS HAVE SOARED...
EVEN AS WAGES HAVE STAGNATED...
ASSETS HAVE BEEN "PROTECTED"...
EVEN AS WAGES HAVE BEEN PERSUCUTED BY THE CENTRAL GOVERNMENTS ...
ALL OF THIS SUPPORT HAS A COST...THAT IS MONEY PRINTING...
THE PRICE OF GOLD IS THE CANARY IN THE MINE SHAFT... IT SHOWS US THE COST OF SUPPORTING ASSET PRICES AT ALL COSTS...
THE INABILITY OF THE WORKING AND MIDDLE CLASS TO "GET INTO ASSETS"...EXCEPT IN THE CASE OF BUBBLES CREATED FOR THE RICH...ARE ANOTHER ASPECT OF THIS DILEMMA...
ITS NOT A MATTER OF RICH AND POOR...THAT HAS ALWAYS BEEN WITH US...
THIS TIME ITS A MATTER OF ASSET PRICES vs. WAGE RATES...
