The reason why you struggle so much...
There used to be (and still is) this thing called "Cost-of-living adjustments" (or COLAs), that was set up to counter the effects of inflation on workers (wages), people on fixed incomes like Social Security and Disability, consumer pricing, and to gauge the overall health of the economy. It was enacted in 1973 and supposedly is still the standard measurement used by the government to make its financial determinations. However, there was no COLA in 2016, and the increases have been pitiful over the past couple of decades.
COLAs are based on a flawed system called the "Consumer Price Index," or consumer prices for wage-earners and clerical workers. The flaw is that the real cost-of-living goes well beyond what it costs to buy a gallon of milk, or even a gallon of gas; in reality, it (should be) what it costs to actually live in the U.S.
As most people know, the cost of things in recent years has risen out of control. The cost of housing, medical care, insurance, telecommunications, automobiles, utilities, taxes, interest on credit cards and loans, student debt and even healthy food are so high that people have to get into more debt just to pay their bills. This is not just what is referred to as inflation, but what is called hyper-inflation.
But why do politicians and media pundits constantly tell us that the economy is in "recovery" and that there is little or no inflation? Well that's an easy one: it's the same reason they say that there is 4.9% unemployment when over a third of the capable people in the U.S. don't participate in the workforce -- they're either lying or delusional -- or both. And, they also want to keep the lion's share of our taxes to pay their friends on Wall Street and to fund their endless wars that create more and more unrest around the world and here at home.
Fact is there is a serious debt crisis in America and it is being totally ignored by the media. And it's also true that desperation caused by debt is contributing to violence everywhere. People who are not living on the edge and starving, don't go postal or become refugees, they tend to be happy, productive consumers.
So why would the government and media want to propagate a lie about the state of the economy, when they know that sooner or later that lie will be exposed? It doesn't make sense. I mean, surely they can see the violence all over this country and the refugees flooding into Europe, not to mention the turmoil it has created over there (and here for that matter). You would think the politicians would do what's best for the people that pay their salaries, and you would think the media would want to share the truth with the people that support their sponsors -- you would think?
Well, I don't have an answer to that. It's a "a riddle wrapped in a mystery inside an enigma." What I can say is that it appears to be coming to a head. The average American is so much in debt that it is just a matter of six months to a year before they will start defaulting on their loans, credit cards and bills in record numbers -- we're talking probably tens of millions of people here. When that starts to happen, the system will start to unravel, financial institutions will fall, and the media and politicians will all have rotten egg on their face.
As they say, it's not a question of whether or not it's going to happen, it's a question of when.
Is there a solution? Yes. And it's an easy one. All they have to do is bail out the people the way they bailed out the banks. I mean, they create money out of thin air anyway. A dollar is just a piece of paper that has a number printed on it; it's not backed by gold or silver or any hard assets. In fact, the U.S. dollar (and foreign currencies) are pretty much worthless, and backed more by debt than anything else.
How would this work? Simple: Each household would be relieved of up to $20,000 in debt. A one time "debt jubilee" if you will. This would be coordinated by the Federal Reserve and the U.S. Treasury Department. The result would be the ushering in of an era of prosperity that this country hasn't seen since after the end of World War II. And, the level of violence in this country would decrease a hundred fold.
If that were coupled with an end to the endless oversees wars and using the military budget to promote global peace initiatives, we'd see a gradual cessation of violence and refugees, and eventually world peace.
Sound unrealistic? Not really. Anything is possible if people have the will and determination to take the necessary steps to make it happen.
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