Must be God's blessing.
Stock market is up triple digits in spite of the new, Democratically-controlled, Congress.
American Economy Going Strong ! Thank God !
by DebSmithLopez 53 Replies latest jw friends
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uwishufish
It's going strong alright last week the Fed created 27 billion more fiat $ backed by the full faith and credit of the US gov. At this rate that is 1.5 trillion in a year. The fed ( alchemist ) can create Bank Notes (gold) out of thin air hence the value of each Bank Note becomes less. Therefore rising prices.
My $5 buys 3 cans of campbells soup where 3 years it bought 5 cans.
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roybatty
6 years ago, a gallon of milk was $2. Today a half a gallon of milk is $2.
My wages 6 years ago? $17.00
My wages today doing the same job $14.00 today, because my job 6 years ago was outsourced to a company I now work for.
Yea, real strong economy.
Unfortuntely, you're right. The economy is great IF you have money to invest in stocks. If you're a working stiff, your paycheck probably hasn't grown much in the last 6 years but your expenses have. Combined this with good paying, manufacturing jobs going overseas and a flood of illegals we're going to see the bigger gap between the haves and the have nots. Yup, there is a down side if you want to buy a $20.00 DVD player at Wal-Mart.
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