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19 Signs That The U.S. Consumer Is Tapped Out

Tyler Durden's picture


Submitted by Michael Snyder of The Economic Collapse blog,

You can't get blood out of a rock.  Traditionally the United States has had a consumer-driven economy, but now years of declining incomes and rising debts are really starting to catch up with us.  In order to have an economy that is dependent on consumer spending, you need to have a large middle class.  Unfortunately, the U.S. middle class is steadily shrinking, and unless that trend is reversed we are going to see massive economic changes in this country. 

For example, in poor neighborhoods all over America we are seeing bank branches, car dealerships and retail stores close down at an alarming rate.  If you didn't know better, you might be tempted to think that "Space Available" was the hottest new retailer in some areas of the nation.  On the other hand, if you live in San Francisco, New York City or Washington D.C., things are pretty good for the moment.  But as a whole, the condition of the U.S. consumer continues to decline.  Incomes are going down, the cost of living is going up, and debts are skyrocketing.  The following are 19 signs that the U.S. consumer is tapped out...

#1 Real disposable income per capita continues to fall.  In the fourth quarter of 2012, it was sitting at $37,265.  By the time that the fourth quarter of 2013 had come around, it had dropped to $36,941.  That means that average Americans have less money to go shopping with than they did previously.

#2 In January, real disposable income in the U.S. experienced the largest year over year decline that we have seen since 1974.

#3 As disposable income decreases, major retailers are closing thousands of stores all over the country.  Some are even calling this "a retail apocalypse".

#4 From September 2013 to January 2014, the personal saving rate in the United States dropped by a staggering 16 percent.

#5 During the fourth quarter of 2013, we witnessed the largest increase in consumer debt in this country that we have seen since 2007.

#6 Fewer Americans are applying for mortgages these days.  In fact, the MBA Purchase Applications Index is now the lowest that it has been since 1995.

#7 Overall, the rate of homeownership in the United States has fallen for eight years in a row.

#8 Many Americans are finding it increasingly difficult to afford a new car or truck.  The following comes from a recent CNBC article...

A new study shows the average household in 24 of America's 25 largest metropolitan areas cannot afford to pay for the average priced new car or truck.

"Just because you can manage the monthly payment doesn't mean you should let a $30,000 or $40,000 ride gobble up such a huge share of your paycheck," said Mike Sante, managing editor of "Many people are spending money on a car payment that they could be saving."

#9 Incredibly, 56 percent of all Americans now have "subprime credit" at this point.

#10 Total consumer credit has risen by a whopping 22 percent over the past three years.

#11 In the third quarter of 2007, the student loan delinquency rate was 7.6 percent.  Today, it is up to 11.5 percent.

#12 Overall, U.S. consumers are $11,360,000,000,000 in debt.

#13 While Barack Obama has been in the White House, median household income in the United States has fallen for five years in a row.

#14 U.S. workers are taking home the smallest share of the income pie that has ever been recorded.

#15 One recent study found that about 60 percent of the jobs that have been "created" since the end of the last recession pay $13.83 or less an hour.

#16 Middle-wage jobs accounted for 60 percent of the jobs lost during the last recession, but they have accounted for only 22 percent of the jobs created since then.

#17 According to one recent survey, only 35 percent of all Americans say that they are better off financially than they were a year ago.

#18 In 2008, 25 percent of all Americans in the 18 to 29-year-old age bracket considered themselves to be "lower class".  In 2014, an astounding 49 percent of them do.

#19 The poverty rate in America has been at 15 percent or above for 3 consecutive years.  That is the first time that has happened since 1965.

Despite what the mainstream media keeps telling them, most Americans know on a gut level that there is something fundamentally wrong with our economy.

According to Gallup, "Unemployment/Jobs" is the number one issue that Americans care about these days and the "Economy in general" is the number three issue that Americans care about these days.

Most people just want to work hard, make a decent living and take care of their families.

Sadly, that is becoming increasingly difficult to do.

And the numbers that I have shared above only tell part of the story.  For a more personal side to all of this, I encourage you to read my previous article entitled "10 Stories From The Cold, Hard Streets Of America That Will Break Your Heart" if you have not done so already.

The really bad news is that this is about as good as things are going to get for the U.S. economy.  The long-term trends that are eating away at our economy like cancer are intensifying, and our "leaders" just continue to act as if "business as usual" will somehow get the job done.

Most of them don't even realize that time is running out.

As I discussed yesterday, there is a lot of evidence that the massive financial bubble that the Federal Reserve has inflated is getting ready to burst.

When the next great financial crisis does strike, it is going to be absolutely disastrous.  We are in far worse financial shape than we were back then, and this next round of financial trauma could truly be the "knockout blow" for the U.S. economy.

Let us hope for the best, but let us also prepare for the worst.


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Fri, 03/14/2014 - 22:20 | 4550785 LetThemEatRand
LetThemEatRand's picture

The problem with our economy is that the large corporations and banks own it.  I'm in Phoenix tonight, having spent the last two days doing some work here to build my small Florida business.   Spending cash on the trip because getting a decent line of credit these days for a small business (even with a good track record) is near impossible.   Funny, because the Fed is feeding almost $100B a month to the large banks.

Fri, 03/14/2014 - 22:27 | 4550816 Mister Kitty
Mister Kitty's picture

I'm tapped out, too.  I'm a broke dead dick.  Bitches.

Fri, 03/14/2014 - 22:32 | 4550828 dow jones 20000
dow jones 20000's picture

Linking to your blog doesn't make it any better.

Fri, 03/14/2014 - 22:47 | 4550886 Shocker
Shocker's picture

Consumers are spent. Good Paying / Benefit Jobs are being replaced with Low Pay / Benefit Jobs.

It eventually will have an effect on the economy

Layoff / Closing List:


Sat, 03/15/2014 - 05:03 | 4551396 johnQpublic
johnQpublic's picture

do people never adjust and attempt to live within their means?

i was 29 before i owned my first new car

the list price was just under 9 grand

if you live a bit below your means, life is easier

Sat, 03/15/2014 - 09:48 | 4551614 NoDebt
NoDebt's picture

You may find yourself living in a shotgun shack

And you may ask yourself, how did I get here?

Answer:  The Fed and Washington, DC decided long ago that a vibrant middle class is too damned dangerous to them and a shotgun shack is good enough for "the people".  Nobody cares the state of the empire over which they rule so long as they rule over it absolutely.

I used to live beyond my means.  Didn't work out so well.  I bucked down, paid off debts and began living well below my means.  I still do.  But now it's mostly to stay off the radar, not because I'm planning for some triumphant return to a more extravogant lifestlye.  I just don't feel like being that big a tax/confiscation taget.

Sat, 03/15/2014 - 11:00 | 4551717 Rafferty
Rafferty's picture

Counter-intuitively, revolutions have usually emerged from the middle and lower middle classes. Our leaders know this.

Sat, 03/15/2014 - 12:23 | 4551936 mkucstars
mkucstars's picture

They are not afraid of the middle class, they just don't need them anymore. Machines don't need benefits or vacations, you've been replaced.

Sat, 03/15/2014 - 15:39 | 4552271 PT
PT's picture

Well contgratufuckinglations.  Good for you.  I also live within my means.  And if the whole world did it then the world economy would grind to a halt instantly because for a long time I never bought anything.  And by the sound of it, neither did you.  On the plus side, this might force a positive change to more suitable world pricing mechanisms.  But that is being optimistic.  And I don't know about you but optimism has had a totally shithouse track record for me.

P.S.  We can afford to build a lot of stuff and have plenty of people left over (unemployed).  But how come no-one can afford to buy anything? 

Sat, 03/15/2014 - 19:03 | 4553114 Lord Koos
Lord Koos's picture

Sure people are living as best they can.  But at some point if you have no job, and have used up your savings and other resources, to keep the power on and food on the table, you're either going to go into the red or do some crime.  So far most people are doing the former but that could change if things get desparate enough.

I've never bought a new car in my life, never have made a car payment either.

Sun, 03/16/2014 - 01:41 | 4554077 PT
PT's picture

But GM still makes cars, even though you can't have one.  Sure, they had to be given money to make it happen, but the resources and labour were physically there and now the cars physically exist, plus there is plenty of excess labour in the system.

And China had the resources and labour to build 64 million empty dwellings, but no-one can live in them.
Not to mention all the empty homes in the US.  (evenly distributed over the country, as opposed to neatly stacked up into cities.) 

Fri, 03/14/2014 - 22:51 | 4550901 Bad Attitude
Bad Attitude's picture

But... but... but... the TeeVee says the economy is doing great. Dear Leader says the economy is doing great. Walmart is always packed with shoppers.

Forward (over the cliff)!

Fri, 03/14/2014 - 23:19 | 4550981 European American
European American's picture

I'm not tapped out

I am tapped out

Sat, 03/15/2014 - 00:21 | 4551153 TruthInSunshine
TruthInSunshine's picture

LTER (and others) -

The fastest & relatively easiest way to do well as a proprietor today is to sell goods and/services to federal, state and/or local units of government.

This is how most of the largest corporations earned their Fortune 500 creds , and when, or as, the middle class, which used to comprise 56% of the population but was responsible for 85% of consumption, is continually shrunk, the only real way to "make it" in the U.S. (since as fewer people have less money to spend on discretionary OR necessary items, government continues to tax in a burdensome manner and inefficiently spend those appropriated monies in large measure on inefficient, wasteful, but MASSIVE procurements from private corporations,'such as armament and technology firms).

Sat, 03/15/2014 - 01:30 | 4551270 Never One Roach
Never One Roach's picture

Moar student loans....

Moar zero-down mortgages....

Moar Free Sh*t...

It's only Fair.

Sat, 03/15/2014 - 11:34 | 4551795 NOTW777
NOTW777's picture

wow look at #13 and #14

Sat, 03/15/2014 - 00:16 | 4551144 Harry Dong
Harry Dong's picture

Give me a link to your blog, I'll compare and contrast for you. 

Fri, 03/14/2014 - 22:48 | 4550888 Yen Cross
Yen Cross's picture

  Ok, I'll bite without opening the link.  You're a professional "Cat Herder?"

Sat, 03/15/2014 - 00:13 | 4551139 Harry Dong
Harry Dong's picture

Read it, it's worth the trouble. One of the few original bright spots in the cyberverse

Sat, 03/15/2014 - 01:02 | 4551230 MsCreant
MsCreant's picture

You are not a hairy dong, you are a shit. That suuuucked!

Sat, 03/15/2014 - 14:20 | 4552281 PT
PT's picture

Any day now I'll get my "Watching Paint Dry" blog up and running and then you'll really have a blog worth reading.  Wait right here and I'll let you know when it is ready...

Sat, 03/15/2014 - 00:11 | 4551133 Harry Dong
Harry Dong's picture

Hang in there Mr. Smith. Some of us love you.

Fri, 03/14/2014 - 22:35 | 4550837 nmewn
nmewn's picture

You ain't scouting for illegals to hire are you? ;-)

Fri, 03/14/2014 - 22:55 | 4550908 LetThemEatRand
LetThemEatRand's picture

Who is not an illegal these days?  Speaking of which, why can I DVR a movie on Showtime, but if I copy a DVD I've violated more federal laws than I can count?

Sat, 03/15/2014 - 00:04 | 4551117 TheFourthStooge-ing
TheFourthStooge-ing's picture


Speaking of which, why can I DVR a movie on Showtime, but if I copy a DVD I've violated more federal laws than I can count?

Because Disney.

Sat, 03/15/2014 - 01:01 | 4551225 LetThemEatRand
LetThemEatRand's picture

"The Walt Disney Company, commonly known as Disney, is an American diversified multinational mass media corporation headquartered in Walt Disney Studios, Burbank, California. It is the largest media conglomerate in the world in terms of revenue"

Source:  Wikipedia -- the Facebook of the oligarchs.

Sat, 03/15/2014 - 02:38 | 4551327 Mrs. Haggy
Mrs. Haggy's picture

Yet my poor son (and I) are subject to Mickey's Raod Rally.  A cartoon about a race that is non-competitive.  It is only supposed to be about having fun.  There is one guy (Pete the buffoon) who wants to go fast and finish first.  He constantly runs into trouble and has to be rescued.  Nice work Disney.  Let's condition even future generations to not try to be the best.  That way you'll have an easier go at total domination.  So transparent.  Pink Floyd should sing "Disney Leave Our Kids Alone"!

Sat, 03/15/2014 - 02:54 | 4551337 Skateboarder
Skateboarder's picture

"Hey! Bieber! Leave us kids alone!"

Sat, 03/15/2014 - 06:34 | 4551456 Redhotfill
Redhotfill's picture


Sat, 03/15/2014 - 06:51 | 4551467 caustixoid
caustixoid's picture

Disney is pure evil. No, not just a greedy corporation enriching itself from your kids whining to see their movie, or purchase their tie-in products or go to their parks.  No, actual evil.  How do you describe a corporation that basically purchases children (child actors) from white-trash parents and then seemlessly moves them from cute kids to wholesome teens to rebels to tarts to sex-tape release? Rinse and repeat.  It's not all scheduled from the get-go?   These kids just self-destruct of their own   under the watchful gaze of tabloids, every degradation there for your viewing pleasure - it just happens, over and over?

I didn't let my kids watch Hannah Montana.  Why?  Because I knew that Miley Cyrus would turn into the suck-your-cock-if-you-buy-my-record tramp, just like Christina and Brittany and Lindsay before her. 

Did the Cory's get passed around by Disney, or was that another gang of Hollywood pedophiles?

Then again Jody Foster turned out okay-ish, so maybe I'm over-reacting.

Sat, 03/15/2014 - 07:41 | 4551504 shovelhead
shovelhead's picture

I have to admit my Mouseketeers sex tape didn't sell very well.

Sat, 03/15/2014 - 10:33 | 4551679 duo
duo's picture

and Disney gets copyrights for 100 years or more.  Everyone else get 20 or so.  But if Disney steals your idea, you don't get dick.

Sat, 03/15/2014 - 11:14 | 4551742 RaceToTheBottom
RaceToTheBottom's picture

I used to laugh about people who said that the Millennials were different.  Now that I am hiring them, I no longer laugh. 

They all think they should be running the place when they are hired.  They don't have skills but are mad at you when "you don't give them the skills" to be promoted to run the place at 20 odd.


Business needs to go back and slap the teachers/systems that produce those kids.  They are doing no one a service.

Sat, 03/15/2014 - 12:29 | 4551960 mkucstars
mkucstars's picture

Mom was too busy working, the tv raised them.


Sat, 03/15/2014 - 14:37 | 4552328 bpj
bpj's picture

I was talking to an under 30 bartender and described a person as looking like the actor Tony Curtis, his response was, "I don't know who that is". Damn, I thought, I've become irrelevant.

Sat, 03/15/2014 - 14:58 | 4552398 PT
PT's picture

What?  Ambition and enthusiasm are no longer desired?

(Yes, I know I'm sticking my head in the hornet's nest here but I still had to do it.) 

Sat, 03/15/2014 - 16:47 | 4552691 RaceToTheBottom
RaceToTheBottom's picture

Ambition is great.

Ambition to acquire skills, knowledge and experience.

Ambition to get promotions based on showing up, not so much.

Sun, 03/16/2014 - 11:22 | 4554772 RKDS
RKDS's picture

Look at how many of these businesses are run (into the ground).  You'd have to have some awfully low expectations to not think you could do it better.

Sat, 03/15/2014 - 13:26 | 4552152 Things that go bump
Things that go bump's picture

Why do you let your children watch such programs? If you must let them watch television, at least choose those programs that are acceptable. Condition them yourself by carefully monitoring the programs and limiting the amount of television they watch. You understand what a powerful tool of control it is.

Fri, 03/14/2014 - 23:51 | 4551082 FreedomGuy
FreedomGuy's picture

Bullshit. The government owns everything and everybody. Everything is done by government rules, permissions, certifications, registrations, inspections, fees, taxes, procedures, filings, and tax law. Nothing in this country moves without a government document including you. You have labor laws, OSHA rules, EPA, mandatory benefits at 30hrs, etc., etc. Yet, through the genius, benificence and omnipresence of government all gets worse. The solution to government failure or shortcomings is more government control, power and money. Let's throw 10,000 more pages of regulations and 12,000 more pages of tax rules at the problem. Pissed off at healthcare? No problem. Throw 15,000 pages of new rules, fees, penalties and "taxes" at it. Make it mandatory because it is such a great idea. Raise the property taxes while you are at it to make sure all the government workers get a fat share of the wealth and Mayor Schmuck gets reelected.

There is simply one more thing you need to add to get completely out of this economic hole, blame Walmart, Exxon-Mobil, Pfizer, Citibank and all the others for the problems.

If there is any problem in this world at all it is always because there is not enough government and only selfish, stingy, uncaring free people and companies would say it is anything other than a result of the greed of free people which is lack of government rules and redistribution.

You leftist lemmings keep running off that cliff.

Fri, 03/14/2014 - 23:58 | 4551089 LetThemEatRand
LetThemEatRand's picture

Large corporation profits and CEO bonuses are at records highs.  So you would be the lemming.  I suppose you like Ted Cruz, anti-government husband of a Goldman Sachs executive?  Since he's a Senator, I guess we can't technically call him a House husband.

Sat, 03/15/2014 - 09:59 | 4551635 FreedomGuy
FreedomGuy's picture

You still don't get it. You don't go to IHOP to buy socket wrenches. They don't have them to sell. You would not go to government to get favors, protection, public money, subsidies and the likes if they did not have them to give. They DO have them to give so buyers line up. In fact , buyers of favors are solicited. Congress is a professional protection and favors racket.

Take any company you really enjoy hating, any one, it does not matter. Exactly how would they oppress you or steal your money without government authority? They cannot. The root of the problem is we sold our lives, wealth and even the future to the government in good faith and they sold it to someone else. They keep the power, too. If Sachs, Exxon or anyone else gets out of line a hundred government pit bull regulatory agencies can be unleashed, fines levied and point made.

Keep going for the cliff.

Sat, 03/15/2014 - 04:44 | 4551382 giovanni_f
giovanni_f's picture

Governments and large corporations not only perfectly co-exist, they depend on each other to obtain and hold total control over the masses. Sheeple, by definition, never-ever realize that the hand that seemingly feeds them (jobs, loans, tv) is the same that will hold the butchers knife. An now, graze on, sheeple! Uaaahahaha...

George Soros to Warren Buffet while watching Maidan snipers doing their job

Sat, 03/15/2014 - 15:03 | 4552417 Nick Jihad
Nick Jihad's picture

Well said. Also, big business is the tax collector for big government.

Sat, 03/15/2014 - 09:35 | 4551604 Zwelgje
Zwelgje's picture

"The bureaucracy is expanding, to meet the needs of the expanding bureaucracy." 

Sat, 03/15/2014 - 18:09 | 4552977 NumNutt
NumNutt's picture

OK Fredomguy, let me just say I am not attacking you, I want to make a point and yours is the comment I have decided to respond to because I see a common thread in multiple comments. I would first have to agree with your view on the government, I am in agreement as far as the assholes always skimming my money, and making everything more complicated with useless documents just to justify multiple government agencies. Total bullshit. But at some point people need to except some responsibility for their situation. 

All my life my father had told me about how I should get an education in a marketable skill, something that would always be needed. Then after that if I wanted to pursue some other interest like archaeology I would always have something to fall back on.  All the people I currently know that are being impacted the hardest by the current economic situation are the people that never attended any school after high school, never bothered to try to fully understand how the financial system works, how the stock market works.

I see people all the time that will think nothing of spending 3 hours a day playing video games, but never bother to spend 5 minutes a month to read financial news, or tax law information. TPTB have made the world complicated for a reason, they know that the majority of people are too lazy to spend the time to educate themselves of how the financial world works, and knowledge is power.  I am constantly surprised at how little most people know of labor laws, or common law that impacts their daily lives. Yes it is boring and time consuming to read that crap, and it is easier to sit on your ass and watch TV, but if you choose to not make yourself aware of the world around you, don't stand around complaining that the world needs to change to make your life easier. There is an old sailor saying, "It is better to change your sails then it is to curse the wind" (or something like that).

Basically if you think the current form of government and financial system is going to change just because a bunch of 20 somethings are complaining that it is not fair, you are sadly mistaken. you are better spending your time learning the rules of the game, and figuring out how you can win by playing by those rules. All these people suggesting armed rebellion are fools, that is a last resort, you should hope and pray it never comes to that as most likely you will never live to see the outcome. Most likely it would result in some type communist dictator coming to power then you would be even more screwed then the current situation.

Sat, 03/15/2014 - 00:51 | 4551208 OldPhart
OldPhart's picture

#4 From September 2013 to January 2014, the personal saving rate in the United States dropped by a staggering 16 percent.

I can attest to that. I don't keep ANY savings in a fucking bank.  And I do have savings.

Sat, 03/15/2014 - 01:05 | 4551233 MsCreant
MsCreant's picture


Be careful who you tell. OPSEC.

Sat, 03/15/2014 - 01:49 | 4551294 Freddie
Freddie's picture

#13 While Barack Obama has been in the White House, median household income in the United States has fallen for five years in a row.


ZIPR, TARP and all the other money printing and looting has pukk all capital away from small businesses. 

I have been watching videos on the Ukraine and how over many years they have been destroyed and driven into poverty by gangster oligarchs and their goons.  Does it sound familiar?

Sat, 03/15/2014 - 02:01 | 4551303 Rock On Roger
Rock On Roger's picture

Obviously they haven't bled that stone enough yet.


Stack on

Sat, 03/15/2014 - 02:03 | 4551305 Rock On Roger
Rock On Roger's picture

Freddie - I don't recognize you with that bag on your head.


Stack On

Sat, 03/15/2014 - 09:57 | 4551632 elwind45
elwind45's picture

#20 the Fed is taking 100b. A quarter out not feeding in 100b. The credit is not money. The stuff you 9 to 5 and make now that is a much closer form and gets taken out of the economy? No wonder everybody is getting feeling poorer? Mr. Economy is getting the MH from the Fed because of their take and not doing anything to stimulate growth because WE AINT THAT FUCKING CRAZY TO TRY TO STIMULATE ANYTHING but banks feeding your income right back to the Fed for SAFE KEEPING. The balance sheet is full of trouble and needs to be massaged for several decades and by than you will learn to respect Mr. Economy better?

Fri, 03/14/2014 - 22:22 | 4550798 dow jones 20000
dow jones 20000's picture

#20 I'm tired as hell of all of this decitful fuckery.

Fri, 03/14/2014 - 22:28 | 4550817 ghengis86
ghengis86's picture

#21 because of #20, I'm getting rid of toilet paper money and stacking, Bitchez. Where's the data on the boating accidents?

Fri, 03/14/2014 - 22:35 | 4550826 dow jones 20000
dow jones 20000's picture

at least you can sell your toilet paper for something.
I'm sinking a few thousand of my parents toilet paper for a special piece of tiolet paper called a "duh-plo-muh" that says I done learned good at a thinky place.
Too bad I can't get a fucking job to earn the toilet paper that I can trade for lead and land.

Fri, 03/14/2014 - 22:41 | 4550861 ghengis86
ghengis86's picture

Yur doing it wrong. If you're smart enough to be here and can see the scam, you can make it worthwhile. Actually challenge yourself to learn there, use the resources to improve your skill set and network the shit out of it. If you're awake, you'll come out okay and have a job waiting for your when you graduate or your own business. If you're asleep, get used to the 'Rents basement for the next 5-10.

Oh, be sure to bang to a few chicks while you're at it. Your chances for pulling tons of 18-22 yr old ass drops tremendously after that.

Sat, 03/15/2014 - 00:42 | 4551196 dow jones 20000
dow jones 20000's picture

Don't worry 'bout me, my profs have taken a shine to me and they've recommended students for intelligence services.
When your American Politics prof (in a Canadian university) brings up the "deep state" in class and you know more about it than he does you get some reallll nice reference letters.

You guys are stacking gold, I'm stacking trojans... this kid is alright hahaha. 

Sat, 03/15/2014 - 11:22 | 4551754 RaceToTheBottom
RaceToTheBottom's picture

Please don't rely on Poli Sci classes, even for the references.

Take engineering and computer science classes.  Then learn to talk, network, eat with the right spoon, order networking drinks correctly. 

Stuff that most of your classmates (read competition) don't have.

You are in competition, starting at birth.

Slap anyone that tells you otherwise.

Fri, 03/14/2014 - 23:53 | 4551087 FreedomGuy
FreedomGuy's picture

What, Dow? You don't believe all the government stats that tell you it is better every quarter and every year? Oh ye of little faith!

There may be a reeducation camp for you in the future.

Fri, 03/14/2014 - 22:27 | 4550811 Pooper Popper
Pooper Popper's picture

What in the hell does this have to do with Purple Cows???

Fri, 03/14/2014 - 22:33 | 4550833 nmewn
nmewn's picture

Or green rhinoceroses.

The whole world has gone mad!

Fri, 03/14/2014 - 22:40 | 4550854 Dr. Engali
Dr. Engali's picture

Or; Hearts, Stars, and Horseshoes!
Clovers and Blue Moons!
Hourglasses, Rainbows!
And tasty red balloons!

Fri, 03/14/2014 - 22:41 | 4550863 dexter_morgan
dexter_morgan's picture

don't forget unicorns and fairies

Fri, 03/14/2014 - 23:21 | 4550991 LetThemEatRand
LetThemEatRand's picture

I never really thought about it before, but I guess there's a reason unicorns like fairies and vice-versa.

Fri, 03/14/2014 - 22:27 | 4550812 PacOps
PacOps's picture

Went to Costco today. $60.00 max cash back. Safeway - $100.00 cash back max. It's getting interesting.

Fri, 03/14/2014 - 22:30 | 4550813 Dr. Engali
Dr. Engali's picture

Yes!!!!! A doomsday list each with their own link. Something totally different by Michael Snyder! My day is now complete. Now where did I put that remote?

Sat, 03/15/2014 - 01:21 | 4551257 Lin S
Lin S's picture

If I say that I get a hail of down arrows.  Yet it needs to be said.

Sat, 03/15/2014 - 02:48 | 4551333 Mrs. Haggy
Mrs. Haggy's picture

I downed you to get with the in-crowd.

Fri, 03/14/2014 - 22:34 | 4550834 dexter_morgan
dexter_morgan's picture

Lies, all lies. Prez Chooms and his propagandists say things are much better and jobs being created out the wazoo, so that's how it is. Squatchy Moochelle can even afford to throw dinner parties for her pooches, so there.

Fri, 03/14/2014 - 22:38 | 4550850 Platinum
Platinum's picture

Just keep stacking and prepping. We're all just spectators for this show.

Sat, 03/15/2014 - 01:38 | 4551277 RafterManFMJ
RafterManFMJ's picture

When the collapse comes, I plan on buying an ENTIRE city block in Berlin for!

(Begin maniacal laughter)

Fri, 03/14/2014 - 22:40 | 4550856 maskone909
maskone909's picture

Reason #69
No fuckin jobs = no buying shit. Its that simple. Watch debts soar and folks give all their posessions away in attempt to pay those debts. Eventually banks will own everything

Fri, 03/14/2014 - 23:39 | 4551041 daveO
daveO's picture

As was the original plan.

Sat, 03/15/2014 - 00:17 | 4551150 sunaJ
sunaJ's picture

It is the natural law of the "system."  But when you own the system, the fraud becomes bare. Perhaps they should have considered that it would be obvious in the end?

Oh well, I guess that's why they have built up national and "homeland" make sure "just-us" is served.



Sat, 03/15/2014 - 13:37 | 4552188 Things that go bump
Things that go bump's picture

Then they kill the weaker ones off and subsume their substance. Eventually, there will be only one.

Fri, 03/14/2014 - 22:44 | 4550875 Oldwood
Oldwood's picture

The number one reason we are fucked is because we know it,, in our guts. We all look for confirmation of our worst fears, but we know it, we can almost smell it in the air. The hypocrisy and flat out lies drip from the lips of our leaders and talking heads. They know it is fucked better than anyone else and that is why they work so hard to keep the illusion, the CONfidence alive. Their very existence, more so than our own, depends upon it.

Fri, 03/14/2014 - 22:58 | 4550930 zionhead101
zionhead101's picture

Misery loves company,

Here's a twist any good news?

I remember well in 1980-1985, terrible depression, worst drop in housing than now, and certainly worse unemployment, yet it was the most money I ever made in my life.

In all times that most are hurting, ... somebody is making money, let's here the good shit folks?

Fri, 03/14/2014 - 23:29 | 4551009 Oldwood
Oldwood's picture

While there is no finite "wealth", it is always relative. In the eighties many of us were just starting out so expectations were low, but there was optimism. It may have been misplaced but we kept pushing and trying. Now many of us realize how bad the fundamentals really are and see no way forward that does not require a great deal of hopium with narcotic reinforcement. One of the last great hopes of this government is that legalization of drugs will aid in the prolonging of our current delusions.   pass it over to me.......

Fri, 03/14/2014 - 23:32 | 4551022 Oldwood
Oldwood's picture

While there is no finite "wealth", it is always relative. In the eighties many of us were just starting out so expectations were low, but there was optimism. It may have been misplaced but we kept pushing and trying. Now many of us realize how bad the fundamentals really are and see no way forward that does not require a great deal of hopium with narcotic reinforcement. One of the last great hopes of this government is that legalization of drugs will aid in the prolonging of our current delusions.   pass it over to me.......

Fri, 03/14/2014 - 23:43 | 4551055 daveO
daveO's picture

Things aren't the same. Perot was right in '92 and the media relentlessly mocked him. The jobs left and took prosperity to China. When China gets enough gold, they can pop the dollar bubble that's been building steadily for 40+ yrs.

Sat, 03/15/2014 - 01:00 | 4551223 OldPhart
OldPhart's picture

"Good shit"...ok, well...

After seven years of a frozen salary, no bonuses, and no incentives...I got a 2% raise on Dec 31. Brought me up to 1% territory these days with my annual $67K salary.

Looking for a job...anyone need a controller who absorbed an untold acquisition adding fourteen new companies within a three week period, seamlessly?  Then provided financials, and built a budget for all 47 companies, within ten days of month end?

I'm ugly, but I'm good.


Sat, 03/15/2014 - 01:40 | 4551283 RafterManFMJ
RafterManFMJ's picture

Dunno can you fix small engines, butcher pigs, and hit a man running at 500 yards?

Leave your resume on the pile...

Mon, 03/17/2014 - 01:36 | 4557461 OldPhart
OldPhart's picture

Actually, yes to all three.  Farm kid and USMC.

Sat, 03/15/2014 - 12:58 | 4552068 Colonel Walter ...
Colonel Walter E Kurtz's picture

Hey you are not that bad off. Consider yourself lucky that you did not get a 20% pay cut a few years back and it sounds like you maintained steady employment. Many of us had to absorb a 100% reduction in pay in some of the recent past few years.

And unfortunately, no controller needed, must do it myself in order to cut costs, so it is being done for much less than $67K a year. If you walk, just make sure you go to a firm that has a good track record and has been around for a while. Controllers (and many other positions) are a dime a dozen nowadays.    

Sat, 03/15/2014 - 07:11 | 4551485 CoastalCowboy
CoastalCowboy's picture

Yeah, the Banksters, politicians and associated crony capitalists are making real good money these days front running. Is that enough good shit for you?

Meanwhile, real people are being ground into dust so these greedy parasites can get even richer, Oh yeah, add George Soros to that list to.

I'd also wager that you get paid really well as an official government message board troll too. What are you GS-11 or GS-15?

Fri, 03/14/2014 - 22:51 | 4550878 Yen Cross
Yen Cross's picture

      Fuck, that was depressing!  I'm off to my swimming pool full of "Baby Ruths" and pastures full of "Unicorn shit"...

   Sleep well everyone. Same time/same place mañana.

Fri, 03/14/2014 - 22:56 | 4550918 zionhead101
zionhead101's picture

Synder can't count past 19, what's up with this number?

We want MOAR lists bitches, like we want herpes, bitcoin, and hepatitis.

Fri, 03/14/2014 - 23:11 | 4550962 Leto II
Leto II's picture

Does maxing out a new credit card with $4,000 worth of Silver from APMEX count as tapped out?

Sat, 03/15/2014 - 11:27 | 4551771 RaceToTheBottom
RaceToTheBottom's picture

Well done. 

Travel light, my friend

Fri, 03/14/2014 - 23:18 | 4550977 sangell
sangell's picture

Look at the bright side. You can troll Facebook, find hot chicks send them a friend request and chat with them. Offer them a FB gift of a Dominoes Pizza if they send you a sexy photo. Soon they'll be knocking at your door for a $100 Target gift certificate. I don't even go to bars anymore. I can pick up young women via FB for less and stay sober too!

Fri, 03/14/2014 - 23:27 | 4551006 yogibear
yogibear's picture

"we are seeing bank branches, car dealerships and retail stores close down at an alarming rate."

Way too many banks.

"As disposable income decreases, major retailers are closing thousands of stores all over the country. "

Way too many stores. Built up during the easy credit decades.

"While Barack Obama has been in the White House, median household income in the United States has fallen for five years in a row."

Barry wants us all to have a life lesson on living in the projects, living on welfare and food stamps. Onward to the old Soviet Socialism model.

Sat, 03/15/2014 - 01:07 | 4551236 underman
underman's picture

Who cares about the white house.  Look behind the curtain yogi.

Fri, 03/14/2014 - 23:31 | 4551017 ebworthen
ebworthen's picture

I'm tapped out, how 'bout y'all?

Not buying Obummer care either.  Fuck 'em.

Fri, 03/14/2014 - 23:41 | 4551047 Oldwood
Oldwood's picture

My small business is up big time from a couple of months ago (which was in the toilet) but after thirty years, any significant improvement is typically at the beginning of a recession.  And I bought a new used truck yesterday so I'm pretty sure I just finished off the auto business. I'm what you call a contrary indicator.

Sat, 03/15/2014 - 01:08 | 4551239 OldPhart
OldPhart's picture

My outfit just bought out the competition for $5 million.  Last time we invested $5 millon we idled 100 trucks (cement mixers, rock haulers and pneumatic haulers) and laid off 57 drivers in 2007. 

WE are the ultimate contrary indicators.


Sat, 03/15/2014 - 07:53 | 4551516 CoastalCowboy
CoastalCowboy's picture

Awesome OldPhart, corporate buyouts were how I lost three good paying jobs in my career. Redundancy sucks for those who are redundant. What I do is very redundant if you are unlucky enough to be in the business being purchased.

This time around I decided I can't put my financial well being into the hands of others so I started my own business now I can't be made redundant anymore. I figured after 3 times of that BS in 27 years I'm assuming control of my own destiny.

No offense intended to you though as that's just how things work ;)

Sat, 03/15/2014 - 07:48 | 4551512 ThankYouSirMayI...
ThankYouSirMayIHaveAnother's picture

and here is a potential way to 'avoid' the tax for not having insurance don't pay your electric bill get a shutoff notice, copy shutoff notice(pay the electric bill if you'd like) and send it in with the waiver form; gonna try this myself!

Sat, 03/15/2014 - 11:24 | 4551763 homiegot
homiegot's picture

I'm doing fine. Crickets around here.

Fri, 03/14/2014 - 23:59 | 4551100 FreedomGuy
FreedomGuy's picture

Have faith, my friends. The caring geniuses in government will come up with a new, new, new plan, to replace the old new plan that will work. If the first trillion or two of this plan does not work we will throw a couple trillion more until we get it right. With a bit more control and getting even with the greedy private sector we will get this right.

Until then, believe the government stats that all is well, getting more well and will be wellest in the future.

Sat, 03/15/2014 - 00:01 | 4551109 TheFourthStooge-ing
TheFourthStooge-ing's picture

19 signs Michael Snyder is tapped out:

1 - Americans are out of money.

2 - Americans have an assload of debt that can't be paid.

Multiply by nine and a half.

Sat, 03/15/2014 - 01:21 | 4551259 zionhead101
zionhead101's picture

We can only wish he's tapped out.

I prophesize he will find the digits 20-1000, once he realizes that he can go past 19, we are really going to be mind-fucked with these lists :(

Sat, 03/15/2014 - 00:29 | 4551168 Stinko da Munk
Stinko da Munk's picture

According to that recent NBC/WSJ poll, 57% of Americans think the country is still in a recession.


Silly gooses.


It's a depression.

Sat, 03/15/2014 - 09:05 | 4551577 Cortez
Cortez's picture

Exactly.  Recessions don't require QE.  It became a depression once rates went to effective zero.  If the Fed can get taper back to zero successfully then I would say we are out of a depression and back to recession levels.

Sat, 03/15/2014 - 11:51 | 4551856 RaceToTheBottom
RaceToTheBottom's picture

Exactly,.  There is no free lunch.

Sun, 03/16/2014 - 10:25 | 4554640 yellowsub
yellowsub's picture

It shows that 57% of the population are still retaining their obedience to believe whatever MSM publishes.

Sat, 03/15/2014 - 00:45 | 4551198 kellycriterion
kellycriterion's picture

I doubt anyone who's posted realizes how much potential is being wasted.

Sat, 03/15/2014 - 01:13 | 4551245 OldPhart
OldPhart's picture

You're so ful of shit on this.  I would say that 98% of Zero Hedge commenters are fully aware of the opportunity costs.

It's a damned shame.  But self-preservation over-rides economic heroics.

Sat, 03/15/2014 - 01:19 | 4551255 zionhead101
zionhead101's picture

Fuck I did the GALT 20+ years ago,

"What the gubmint doesn't steal they tax" - Galt

Seen that so times I started asking myself, ...why start company's, why make payrolls, why even fucking bother.

Sure if you ain't got any money, then for god's sake go ahead enrich the fucking NAZI's ( those who run the USA cop shop, .. IRS,,.. ) But the city/county's were the worst some wanting +20% of the take, ... and I sure didn't want to support their bullshit,... better to shut a company down and sell your shit and exit, than to feed the fucking beast.


But if your a young guy, sure play the game, ... but remember its not how much you make, but its how much you keep, when you fold your cards and walk from the table.

Sat, 03/15/2014 - 01:58 | 4551301 Rock On Roger
Rock On Roger's picture

The Gambler

Sat, 03/15/2014 - 02:00 | 4551302 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

You gotta know when to hold `em, know when to fold `em, know when to walk away, & know when to run.

Whoa, that's catchy.  May have to make that into a song...

Sat, 03/15/2014 - 14:29 | 4552306 kellycriterion
kellycriterion's picture

No one can. It's a trick

Sat, 03/15/2014 - 00:56 | 4551211 ChargingHandle
ChargingHandle's picture

 oh and this is just the beginning.  there is no silver bullet.  it is so systematically getting worse one would think it is by Design.  hey on the bright side we will all qualify for multiple subsidies and a free cell phone in well 5 years?

Sat, 03/15/2014 - 02:04 | 4551306 Freddie
Freddie's picture

They know if they can grind the middle class into the dirt that the public is much easier to control.  Sadly, some people still think that an election in November and 2016 can get us back on the right track.  The elections and rigged and they are pretty much the same team.   I think day by day, more and more poeple think it is only going to get worse.

Sat, 03/15/2014 - 09:01 | 4551572 post turtle saver
post turtle saver's picture

that doesn't change the reality that government makeup will change dramatically between now and through the 2016 elections... you are going to see a bunch of 'R' where 'D' used to be... not saying it's better or worse, but it will certainly have ramifications for the future

PPACA and Keystone Kop foreign policy handling = election DEATH for the 'D' squad in the near term at the very least, watch and see

Sat, 03/15/2014 - 13:47 | 4552214 Things that go bump
Things that go bump's picture

Since they are the equivalent of rival mafia families maybe the Ds will go to the mattresses. 

Sat, 03/15/2014 - 01:03 | 4551231 luckylongshot
luckylongshot's picture

The logical result of austerity!

Sat, 03/15/2014 - 01:49 | 4551295 TheRideNeverEnds
TheRideNeverEnds's picture

I have a solution!  Lets print more money and give it directly to the people who have fucking us all over for decades.  That should fix this economy up right quick. 

Sat, 03/15/2014 - 01:49 | 4551296 robertocarlos
robertocarlos's picture

Americans are still doing quite well if they have disposable income of 37k per capita.

Sat, 03/15/2014 - 03:08 | 4551343 Mrs. Haggy
Mrs. Haggy's picture

Not for the amount I work.  Not for the profit my work affords my employer.  Not for the amount of time it took to acquire my skill set.  It's not about how we compare to other shit-ass countries, it's about what's right and honest.  That number is going down by the way.  Will you please inform me when it is ok to complain about the wealth that is being stolen from me?

Sat, 03/15/2014 - 02:13 | 4551311 Carl Popper
Carl Popper's picture

Skyrocketing costs, lower income, it is inevitable in the USA. It was phantom wealth anyway.

If the transition is slow enough and people are mollified by money illusion, then we can achieve the inevitable rebalancing without a revolution.

Culture will change. Multi generational families become the norm again. Your kids won't eat steak but will enjoy beef hearts and rice.

If it happens slow enough the sheeple will accept it and continue to blame the wrong groups.

Sat, 03/15/2014 - 03:01 | 4551339 q99x2
q99x2's picture

I'm preparing to enter the UC System in FALL 2014 because that is where Janet Napolitano went when she decided to bail out of the DHS after Obama demanded she implement marshall law after he set off an EMP over the middle of the United States of America.

I guess they plan to keep the education and research infrastructure of the UC System.

Sat, 03/15/2014 - 04:17 | 4551379 drendebe10
drendebe10's picture

Everyone stand and give a sounding ovstion to the arrogant narcissistic pathological lying illegal alien kenyan muslim sociopathic ignoramus for making this happen but u can bet ur ass the wookue will be able to buy more 17K dresses to cover her simian body.

Sat, 03/15/2014 - 05:00 | 4551394 Incubus
Incubus's picture

lol at the numpties blaming one fuckwit president or another.


Puppet show continues because the average joe is too fucking stupid and refuses to listen.  How does the message get through, for fucks sake?  When you're in line to the work camp, will you get it then?

Sat, 03/15/2014 - 07:01 | 4551478 caustixoid
caustixoid's picture

Can't get blood from a stone?  They've been doing it for a decade and selling to blood banks at great profit. 

Snyder, you probably think pigs can't fly and the Brooklyn bridge is not for sale.  Why make these outrageous claims when you clearly have never worked on Wall Street? 

Tylers, what's with the reality-based contributors?  Reality, like human rights, is so pre-9/11.

Sat, 03/15/2014 - 07:32 | 4551497 CoastalCowboy
CoastalCowboy's picture

By the grace of God, my own hard work, and family, I am in a stable place. I'm blessed to be making 1/4 of what I used to make and not living under a bridge.

Well, here's one little anecdotal story. I had to get some new shoes recently as my others were well past expiration. CC does not always have the luxury of working in his jammy pants even though he does more than one would think.

Instead of going to the local mall and spending $300 or so, I pop on eBay and score a sweet pair of black leather, supposedly used, but I cannot tell it Italian made Oxfords for my high end clients and a new pair of New Balance athletic shoes for general slumming around.

The total damage, wait for it.....$39.75. Had I had my former job, I would have gone to a real store with real employees.

I had to get a new couch. So one day my ex-girlfriend called me and told me that she found my new couch. I met her at the Salvation Army store and walked out with a $39.95 perfectly fine couch. I am evil wise so I let my then girlfriend(now ex, thank God!) think she picked it out. Just like I let the same ex-girlfriend pick out the color of paint for my living room and tricked the same girlfriend into thinking she picked it. I painted it myself instead of hiring someone.

The point of each one of my little ditties is that I went out of my way to avoid paying full boat retail, well because I can not afford to do it and will not do it. Now, multiply that times untold millions.

Green shoots, my ass.

Sat, 03/15/2014 - 13:58 | 4552240 Things that go bump
Things that go bump's picture

In one of his weekly articles Kunstler asked how long we can support ourselves by having garage sales and selling our old stuff to each other. I too have returned to the strategies of my youth when I couldn't afford new and bought used from the classified ads. Now its craigslist.

Sat, 03/15/2014 - 19:47 | 4553246 CoastalCowboy
CoastalCowboy's picture

Great question by Kunstler.

I've spent my entire life preparing for this disaster. Like you, I'm in no position to waste any money, but I can hang on especially since my business revenue is growing over time so hopefully one day I can get back to where I used to be,

For years I was mocked for not taking on debt and living well below my means. At my former job, guys making 1/4 of what I brought home made fun of me for buying a used truck that cost 1/5 of the new ones they bought. Some of them lost their jobs and trucks. I'm still driving mine with no liens.

Sat, 03/15/2014 - 07:34 | 4551498 shovelhead
shovelhead's picture

Will somebody PULEEEZE pull the numbers from this guy's keyboard?

Sat, 03/15/2014 - 07:59 | 4551520 justsayin2u
justsayin2u's picture

Americans should all refuse to enter obamacare and should have the govvies take as little out of their paychecks as possible and refuse to file tax returns.  That will get their attention and if several million do it - they cant jail everyone.

Sat, 03/15/2014 - 08:08 | 4551524 Cattender
Cattender's picture

shit. here in Michigan with gas Already close to $4 a Gallon and the Fucking Snow Barely even starting to melt HOW COULD ANYONE (possibly) even begin to be optimistic about our Chances?

Sat, 03/15/2014 - 09:07 | 4551579 d edwards
d edwards's picture

All of this is in keeping with 0blahma's fucked up sense of "social" justice and his equally f-ed up Marxist socialist mindframe.

It's all designed to take America "down an notch" unfortunately it's all so taking the American people down several notches also.

The coup d'gras is this f-ing 0bozocare abomination.

Think about it: 0bozo isn't at all different from Putin, except the coward pussy 0bozo attacks the citizens instead of other countries.


Tall gallows, short ropes.

Sat, 03/15/2014 - 11:23 | 4551759 homiegot
homiegot's picture

You live in Michigan. The party is over there. Has been for a long time. There are places with better economic activity. Try there.

Sat, 03/15/2014 - 09:33 | 4551600 bshirley1968
bshirley1968's picture

Couple of thing:

The main thing I disagree with here is the time frame.  I am not quite sure it will make it to the 2020's for the climax.  I think thins are moving much faster today than they ever have.  This Ukraine thing could do it.  Right now, Russia and China could destroy this country and never fire a shot.  I sincerely wonder what they are waiting for.  You crash the dollar, you destroy this country.

Which brings me to my second point.......MONEY.  This whole article is about money.  Most of the post here and bitching is about money.  We have let the bankers turn money into our god.  I use to wish I could make $250k a I wish I could live on $10k a year.  I hate frickin' money.  It is the real ball and chain in our society and all of you.......including the left you disagree with so much......act like the cure is more money.  The cure is less dependency on money.  Simplify your lives.  Make economic sacrifices before you are forced to.  Walk away.  Say, no.  Make a list of needs and not wants.  We have let our wants enslave us.  We have let bankers infect every aspect of life with their filthy money and now we are afraid to consider doing without it.  Quit spending so much.  You know why the care about "disposable" income?  Because that is the juice that keeps the slaves hook up.  Problem is that if we weren't out buying the things that make us feel good, we would be coming apart at the seems.  Most people today cannot imagine the thought of just living on necessities.  Better to learn now when it is your choice than when you are forced to without time to prepare.

Not trying to preach.  Just saying we need to look at ourselves.  We can blame the banks, disney, corporations, etc. but just remember it is the public that demanded all of it.  Someone said it like this, "You boys have had your fun, not its time to pay for it!"

Sat, 03/15/2014 - 09:46 | 4551618 Cattender
Cattender's picture

we're BROKE. we all better get used to the idea. people driving new cars and playing with their Fucking Phones everywhere... there is NO WAY we could be in a Depression... right?

Sat, 03/15/2014 - 11:20 | 4551753 homiegot
homiegot's picture

"I sincerely wonder what they are waiting for. "


That would be an act of war. I don't think they want total war.

Sat, 03/15/2014 - 15:00 | 4552338 Things that go bump
Things that go bump's picture

I grew up working class in the '50s (though my mother insisted that we were lower middle class), and we didn't have many things - one car, my mother didn't even have a driver's licence, which was fine because there was nowhere to go. Some of the kids I went to school with had better clothes and slightly bigger houses - maybe three bedrooms, still only one bath (I was budding breasts and sprouting hair before I bathed alone without my sisters sharing the tub), but there wasn't much difference otherwise that I could see, except for this one girl. She had a box of 64 crayola crayons that I coveted. It had unheard of colors like periwinkle. I begged my mother, but she would never pop for more than a box of 24 because that little bit of extra money was better spent elsewhere and was important. She didn't allow such extravagances. We ate wonderfully. My mother was a good cook and she baked at least 3 times a week, which is wealth in any kid's book. The difference compared to today is that I had everything I needed. The only time I got what I wanted was at Christmas - a few much desired toys among the necessities like underwear and pyjamas wrapped as gifts. My mother feels badly to this day that we had such poor Christmases, but the funny thing is that I remember them as lavish and wonderful. Perhaps its not such a bad thing that we learn again the difference between wants and needs. Its a hard lesson. 

Sat, 03/15/2014 - 09:53 | 4551629 all-priced-in
all-priced-in's picture

We need an executive order that prohibits unhappiness.


Sat, 03/15/2014 - 15:16 | 4552454 messymerry
messymerry's picture

We need an executive order that prohibits executive orders.  ;-D  Thanks Michael and Tyler for a good wake up call.  I'm opening up a tar and feather distributorship if anybody is interested... 

Sat, 03/15/2014 - 10:41 | 4551693 elwind45
elwind45's picture

With the amount of polling as being lower class did we neglect to explain the difference in class identity? Believing the middle class in any society is stable gets the monkey hammer? The middle class is composed of really two different classes a class going up and one going down. Polling half the population as being lower class makes this whole class identity a useful tool for control? Middleclass is a dividing line between the real haves and the rest who believe that class identity does not really matter and are confused by the entire process?

Sat, 03/15/2014 - 14:15 | 4552269 RaceToTheBottom
RaceToTheBottom's picture

Correct, most people would not think of Middle class as requiring welfare...

Sat, 03/15/2014 - 10:48 | 4551699 Took Red Pill
Took Red Pill's picture

Peter Joseph on RT

This guy’s ideas make so much sense;

Watch from the 17 minute mark to 25 minute mark

Sat, 03/15/2014 - 13:00 | 4552078 novictim
novictim's picture

Watch the first part of this covers the intended "P3 Alliance" proposed to be a newly formed merger of the 3 largest shipping companies including Maersk...

The funny thing is the babe-bobblehead host even had difficulty saying "oligopoly" regarding the proposed merger...which would be a "monopoly"(!) on the shipping business.

Lesson here is that if you are a "hot-babe" then you will get the financial job especially if you pretend to not understand what a monopoly or a oligopoly are.

And of course, "Buy GOOOOOOLLLLLDDDD"...LOL. (More self serving crap from you gold hoarders (;-/))

Sat, 03/15/2014 - 12:09 | 4551900 MarcusAurelius
MarcusAurelius's picture

Ok I agree whole heartedly unless you move to Canada where credit and liquidity are still flowing into over priced houses that can be borrowed against because (as we all know) home prices rise forever right!

   Except here's the thing. We are doing it to ourselves. As inflation eats away at your pay check and standard of living (I know inflation is dead) you shop at the discount retailers like Walmart, target, and Giant Tiger because of course you save money which only serves to help fuel deflation and monopolies based on "low pricies".

    This of course fuels further price decline in some goods because of competition for scarce consumer disposable income. No protective tariff's exist here like in oil and food to prevent this spiral from occuring so prices stay high because they are artificially manipulated to benefit the broke governments and to promote price fixing (essentially removing free markets and fair competition) which if allowed to exist would likely have the price of a barrel of oil at, well let's see what's the price of a litre of gas in Venezuela these days? Oh, gosh it is about .10 (cents that is) a litre. Hmmm....let's see what it is as I write in good ol' Canada where we too produce far more than we consume? Oh, what a's $1,29 a litre.

     As Tyler constatly tells us you can't fuck with some areas of the free market (like stocks, commodities and bonds) while forgetting about other areas because creates prices distortions which guessed it......the middle class the hardest and creates this widening disparity between those that produce nothing and those that produce.

Ah men!  

Sat, 03/15/2014 - 12:41 | 4551997 novictim
novictim's picture

"As inflation eats away at your pay check and standard of living..."

The only thing REALLY eating away at your paycheck is your boss or the shareholders that own him.  

And if you are a small business owner then you had best realize your place in the pond.  Big fish eat the little fish.  You are just a disposable retail outlet for the entity that is making the profit, the supplier (and the shareholders of that company).  The only thing that is slowing down your demise is the "sticky" nature of pricing and wages in the general society.

"Marcus Aurelius"?  Hardly.  

Sat, 03/15/2014 - 12:30 | 4551962 novictim
novictim's picture

Regarding these "signs" that show consumers are "tapped out", the list mixes "cause" with "effect".

Is it too much to ask that we acknowledge and distinguish the cause and effect relationships between "incomes" and low-pay's effects on personal debt and spending/consumerism? Line #13 - #16 are the causes for all the rest of the "signs".

Or is this all supposed to be MYSTERIOUS? Are we supposed to believe that "debt" and "wages" are two unrelated indices????? 'cause, as it is, it's as though Zero Hedge has no idea of how our capitalist system functions.

Reminds me of talks I've had with Libertarians...all magical thinking motivated by pure self interest.
"It is difficult to get a man to understand something, when his salary
depends upon his not understanding it!" -Upton Sinclair

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