Absolutely agree that wages have plummeted and prices rocketed since the 70s. Even by historic standards, today’s federal minimum wage should equal our average factory pay of around $16 per hour. The only thing hot in this economy is the USD printing press. Can you spell concealed hyperinflation?

Other nations are catching on though and running their currency presses at near 15% per annum too. Bush’s Economic Globalization Plan works just like his Middle East Plan: destruction - corruption - combustion while he plays Let’s Spin Reality.

But let the declining wage/increased borrowing stand for another one hundred years. Accept today’s thirty to fifty-percent high school drop out rate. Even stomach our growing obesity malady and declining quality of healthcare. If Survival of the Fittest remains true, America is headed for the grave.

More and more, we are a nation divided and we embarrassingly drop the ball when it comes to caring for our own fallen teammates. We need patriotic business leaders who recognize that the declared right to the pursuit of happiness by wage prosperity has been filibustered. We need government leaders to prescribe effective cultural contracts and fight miscarrying corporate-buddy deals. We need to unify, top to bottom, and restore the American Dream for all posterity.

“Democratic Capitalism fails when in the fields of opportunity, the biggest taker wins.”

“haven’t owed one penny in the last twenty years. I pay my bills monthly with no carry over. As a result I have money.”

Vet240,
I’m glad to hear you are so prudent when it comes to your finances—-but in our “survival of the fittest society” all you need is one chronic or catastrophic illness, and you will be in debtors prison—-we all are walking a perilous tightrope, and the only people with safety nets are the very wealthy.

The biggest ‘Secret’ and acts of ‘Treason’ ever designed and enacted is; The Federal Reserve and IRS. This is ‘Why’ people’s savings are in decline and only 1% of the U.S. population owns anything in this country. Fact!

The sources to expose this ‘Secret’ and ‘Treason’ is available, but the Media-Press, Text Books, and Government will never expose/admit too these acts.

I direct everyone to the following sources:

http://www.video.google.com, search-

(1)freedomtofascism

(2)money, banking and the federal reserve- i.e.  money masters Part 1 & 2

(3)www.patriotmoney.com/truth.html

(4)The Bankruptcy of The United States

(5)George Bush: The Unauthorized Biography

(6)www.afn.org/~govern/mcfadden_speech_1932.html

(7)terrorstorm- from Alex Jones, http://www.infowars.com

War was enacted upon the United States and “We the People” by bankers/families of Europe and New York before WW I and has continued since.

This began it the 70’s with the advent of the credit card industry. Since that time it has evolved into the greatest criminal enterprise in history. Think of it, The combined greed of the banking industry coupled with the greed of the people who swore to protect us, our political leaders.

I haven’t owed one penny in the last twenty years. I pay my bills monthly with no carry over. As a result I have money.

I still get an average of three credit card offers each week in the mail. I get offers of a $50,000 credit line. I refuse. I only need $2000. I use cash for most purchases.

Raise your children to know that you buy things when you have the money, not before. You go without those things you cannot yet afford. That requires you to have money in the bank. You can’t spend down to zero every month. If you do this you will one day own things out-right like your home. If you have a mortgage your not really a home owner yet. Accelerate your payments. GET FREE OF DEBT!!!

Above all, use your credit card only as a convenience and pay it off monthly. 

Young people fall into the trap early, and find it impossible to get out.

I fault our Congress and Senate for being bought off by the lending industry.

actually, econ, the bushies have already had their assets seized once for helping to finance the Nazis both before and during the war under the Trading With The Enemy Act. but they only seized the Farben and Hamburg-America money and the culprits got off with a handslap. they all went on to hold high office and one of them (Dulles) had an airport named after him.

the Bush family is relatively low on the food chain and removing them wouldn’t even put a kink in it. the roots go back much further and the source of the strife much higher.

americans haven’t had an effing cent since the seventies when the predatory capitalists got mad at the baby boomers and beatles and jacked up the prices of cars, houses and gas to spite them, and stave off the social science revolution that would eliminate the existence of such offensive billionaires.
we all know this. why don’t we just fix it ? imprisoning the bushes and taking their assets would be the shot heard round the world to undo this buggering.

Because they don’t want to be ripped off for illegal wars funds in Iraq.

Anybody surprised?Thanks georgie porgie!

“...not only did people spend all the money they earned but they also dipped into savings or increased borrowing to finance purchases.”

Why does this article make it sound like people were out buying designer running shoes? MOst of us were financing purchase of our climbing-out-of-control health insurance. Duh.

“The 2006 figure was lower than a negative 0.4 percent in 2005 and was the poorest showing since a negative 1.5 percent savings rate in 1933 during the Depression.”

What they fail to mention is that middle-class wages have actually declined over the last 25 years, salaries have not kept up with the high cost of living.  That is why two salaries are necessary in most households--one percent of the population is doing most of the “saving"--because they are reaping all the profits.