US is suffering from government-imposed austerity before the effects of sequestration hit. (2 graphs)
from David Ruccio
OK, two charts. . .
But they tell us the same thing: the United States is suffering from government-imposed austerity, even before the effects of sequestration hit.
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More and more money is being salted into useless “financial products” causing less and less money to circulate in the real economy. Inevitable result: Contraction in both the government and private job market.
In simple terms the heavy financial and wealth players have salted away money enough to survive in style until their enemies, e.g., central government, courts, labor, opposing corporations, the poor are broken and done. A counterbalancing movement is needed and needed now. Otherwise we are witnessing a reshaping of American life as sweeping as the New Deal except in the opposite direction. In ten years or perhaps even sooner the changes will be entrenched and perhaps irreversible.
Strictly speaking those charts only show a) a decline in government consumption & investment since ~2010, on the heels of 15 years of growth in same, and b) a decline in public sector employment also since ~2010. They don’t show suffering per say.
The bonus bubbles expansion of financial sector private money supply 9and its relative value) is offset by austerity and the lack of liquidity in the general economy. Hard assets are bought up cheap to ground this fictional wealth class even as it is being floated by a wealth security-insurance system of quantitative easing…with asset grabbing and virtual counterfeiting we enter the new “bloodless: war on domestic class economies…once a cold war to bankrupt “communism” now a hot currency trap to seize ownership of demographic market-based economic survival.
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