Wage Growth Archives - Rethinking the Dollar

America In 2020: Sacrifice For Thee But None For Me

Sep 17, 2020 | Economic Collapse

The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won’t be much choice in the seating. Words can be debased just like currencies. Take the word sacrifice. The value of the original has...

Austerity Bad, Inflation Good: Inflation Is Stealth Austerity

Sep 10, 2020 | Economic Collapse

Rather than decry austerity, which demands an open political discussion of trade-offs, we should decry inflation’s stealthy reduction of purchasing power. Austerity–bad. Inflation–good. Oh wait–they’re the same thing: both are a reduction in purchasing power. The only...

The US Economy And The Global Economy Are Mortally Wounded

Aug 11, 2020 | Economic Collapse

A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially. We all know the movie scene in which the character is wounded but dismisses it as no big deal, and then lurches into the closing...

The New (Forced) Frugality

Mar 30, 2020 | Economic Collapse

There are only two ways to survive a decline in income and net worth: slash expenses or default on debt… In post-World War II America, the cultural zeitgeist viewed frugality as a choice: permanent economic growth and federal anti-poverty...

Not Even Paycheck To Paycheck: 1 In 3 American Workers Runs Out Of Money Before Payday

Feb 17, 2020 | Debt, Economy

A new study has found that at least 32% of people making over $100,000, run out of money between paychecks and can’t make ends meet in the “greatest economy ever.” Something is amiss here considering President Trump touts all-time highs in the stock market,...