“WHAT THE HELL IS GOING ON?”

Theburningplatform.com just released another great article titled “WHAT THE HELL IS GOING ON?“.

Snippet:

“I’m 53 years old. The older I get the less sure I am about things I was sure about when I was 25 years old. I believed stocks for the long run was an unquestioned truth. I believed our economy was based on free market capitalism. I believed stock prices were based upon profits and cash flows. I believed a home was a place to live – not an investment. I believed the Catholic Church was run by good men doing good things. I believed journalists and the media were watchdogs working on behalf of the public. I believed our military was protecting our interests. I believed politicians legislated on behalf of the people. I believed the main purpose of bankers was to loan money to businesses and consumers in order to support economic growth. Boy, was I a dumbass.”

THH’s comment: The blue line in the above graph really says it all. Households in the US are pretty much worse off than 10 years ago, in stark contrast with the man stream and Obama’s claims of a great recovery. This is what a DEPRESSION looks like.