I was shocked today by the absolute gaul of the Fed releasing a statement about Net Worth in America reaching record levels. Now I get that they are under extreme pressure to sell the story that everything is rainbows and butterflies. But surely they understand that working class Americans are going along with the story because they really don’t have any say in our nation’s policies anymore. That doesn’t mean they want it thrown in their faces that the Fed has spent 6 years now inflating the wealth of the top 10% so much that it actually lifts the total wealth of the nation’s citizens to record highs.
The ugly reality is that the bottom 80% of Americans experienced none of that gain. That’s right a big ole goose egg. And so when the Fed via its ass pamper boy, Steve Liesman, start banging on about the fact that some sliver of society is being handed extraordinary wealth while the working class has lost 40% of their net worth since 2007, well a big fuck you right back at ya bub! The Fed is very aware that the bottom 80% of Americans own less than 5% of US equity markets. And so the Fed is very aware that its manipulation of stock prices such that it creates immense unearned wealth to those in the markets doesn’t reach the bottom 80%. So why celebrate the results of the stock market price manipulation??
It is embarrassing that our policymakers are either that inconsiderate or that stupid to celebrate such a brutal dislocation between the haves and have nots. I don’t know what one can even say about the Fed making a celebratory statement like that today. It is somewhat beyond words. And really paints the picture as to how little thought goes into the lives and well being of the bottom 80%.
Just to give you something to compare and contrast the situation of the bottom 80% here in the US to counter the Fed’s celebration today. I want you to think about how lucky we are not being in one of the PIIGS nations of Europe. These are the nations that are essentially bankrupt and just hanging on by the kindness of the Troika. Glad we’re not there right?? Well allow me to show you a chart published by CNN Money some 8 months ago.
So there it is. While the average net worth of Americans is 4th in the world pulled up by the top 10%, the median net worth of Americans comes in the 19th spot. Yep, behind Spain, Italy and Ireland so 3 of the 5 PIIGS nations. Meaning the bottom 80% in these broke ass barely hanging on nations have more wealth than the bottom 80% of us here in America.
So I’d like to ask the Fed, is it that you just hate the working class here in America and thus like to torment them or are you truly that stuck up your own asses that you just cannot see the light? Celebrating the fact you did today is downright nasty you lowlife scoundrel pieces of shit. It’s akin to a family showing off and celebrating a new born baby at the funeral of another family’s child. It is just a very ugly thing to do. Even if it wasn’t meant to be malicious it looks very much like a giant FU.
And for Americans, why, please god tell me why is it that Americans are so willing to be shit on for so long without so much as a hint of standing up to these monsters that steal our wealth and pass it around their political class. Having grown up in Canada while all of my relatives were here in the US I was intrigued by the States. I used to think of Americans as an incredibly admirable people. The type of people that are confident, strong, intelligent and command respect. I really truly did. But having lived here now since 2001, what I see is a people that have rolled over on our backs. As long as we get a few belly rubs once in a while we’re happy to live without a hint of respect. We seem fine with being demeaned, controlled, robbed, enslaved and yes shit on by our political ‘superiors’.
Is the real Giant Con the ideal American? Was it just a made up concept sent out to the rest of the world in hopes we could instill a fear simply by portraying the notion of a truly formidable American? I really don’t have the answer. Perhaps at some point in time Americans really were a force to be reckoned with. And if that is the case then what a sad story to be told to the world 100 years from now. How a nation got fat, lazy, complacent, perhaps stupid and definitely lost all sense of self esteem.
Imagine the founding fathers looking down on all of this. Hell imagine those who fought on the beaches of Normandy looking down at what America has become. Knowing that they sacrificed everything just to hand the nation over to a group of foreign sociopaths. Imagine those men having to see that Americans no longer have any sense of dignity other than to yell loudly that “we are still great” kind of like that drunk in the corner that wants to fight everyone but can’t seem to find his legs to even stand up from his stool. How incredibly disheartening it would be for those WWII soldiers to see us now.
We have become nothing but a host to a group of political parasites that have thrived on our wealth and our strength. And they’ve watched us slowly die over time growing weaker and weaker. Less able to find the strength to uphold the duties entrusted to us. God, what a sad fucking story we are. Thanks Steve Liesman for rubbing shit in our eyes today. Hope you got a few clicks.
And for those of you that think I’m an ass for being so harsh on us, well stuff it. Get up off your stool you lazy drunk, shut your damn mouth and start fighting these political parasites like a damn man, like a damn American. I’m not the one stealing your retirement, stealing your income, stealing your wealth and stealing your freedom all while making myself wealthy and exonerated from all the laws that would put your ass in prison. In short I ain’t your enemy. If you’re mad by what I said then do something more constructive than calling me an asshole. Capiche?? Good.