Link: https://flowingdata.com/2024/02/13/consumer-confidence-in-current-economic-conditions/
Edit: By the way even though they highlight Biden’s inauguration as the time of the split I think the driving cause was the unequal recovery of the economy which is somewhat under Biden’s control but not fully.
First they changed the definition of recession, then they changed the formulas for measuring inflation.
Lastly, a little friendly gaslighting that somehow the stock market is equivalent to the economy.
This is Jerome Powell and Janet Yellen printing the middle class out of existence.
2 full-time, educated workers in their prime today don’t make enough time equal the spending power of just one of their grandfather’s. This literally extends to the 99 percentile.
There is no middle class.
Middle class is not and was never the “class” in the middle, it was the embodiment of the American dream. 2 cars a garage, if you save, a vacation home. Kids. Hobbies. Retirement.
They’re trying to rewrite that word too.
Neoliberalism is the greatest con-job to ever exist. we’ve been robbed of more than we’ll likely ever have.
The only way I know to strike back is to abandon the dollar. If we can collectively collapse the dollar, then everyone’s the same amount of broke. No money means no law enforcement, means no debt records. If we’re gonna end up in poverty might as well make sure we all sink together. Community spirit and all that.
This is probably exactly why the Fed has been trying to expedite a cbdc
The WEF made adopting a global CBDC a top priority last year. Tied to your identity no less.
Which would mean a digital profile, for everyone, around the world.
Nothing to worry about with all that, right? Cuz those holding the reins of power today have proven themselves defenders of humanity and decency as a whole, correct?
A one world global currency that’s under thumb of big brother to keep people in line? just kill me now, id devote every second of existence to launching and detonating an EMP over the entire planet then. No one should have that kind of control over anyone, let alone the entire world.
Dystopia within dystopias. We’re going even darker inception here people!
Everyone: we want a decentralized currency
WEF: No
Same way they change the definition of a woman.
You change the definition of recession and we will never be in one :)