THE SILENT DEPRESSION: No one wants to say it out loud for fear the realization will cause anxiety and chaos and the shuttering of the Biden Regime’s illusion.. The illusion must be maintained at all costs. Algorithm disparities are ignored. ADP Payroll claims new private jobs for September were 82,000, while the Federal Labor Board claims 336,000 – a discrepancy of over 300%! The unemployment rate is a similar catastrophe. But the pretense is collapsing and the Silent Depression is the Result.
During The Great Depression, the ‘average annual salary’ was $1500 -$1800. A car cost $300-$575, a house cost $3900 down from a high of roughly $7000 in 1929. From a simple mathematical view, a house cost 260% of a household salary at the height of the Depression.
The median household income in Denver County, Colorado for the Gen Z’ers aged 25-44 is roughly $87,239 – take home pay after taxes is $64,600. The average cost for a home is $649,000 or 745% of annual Gross Income a 7.5:1 ratio
The cost of living in Colorado for a single person is now considered to be $53,374 – with rent accounting for the greatest cost – $24,000 to $30,000 per year. The average monthly car payment is $716 or $8600 rounded. Groceries are $7000. But affording to buy a home at a price point of $649,000 with mortgage rates hitting 8%? Including Taxes and Insurance – the monthly cost in Denver is $4680, annual $56,160, with a downpayment of $130,000 cash. Obviously, the cost of living does not include – ownership.
Pricing people out of purchasing homes across the country means the housing market comes to a standstill, because the vast majority of occupied homes were bought when interest rates were just 2.5% and values were $550,000.
The largest differential in the comparison of today vs The Great Depression is that prices across the board tanked upwards of 60%, including the basics, food, housing, gas, and cars. Today, prices continue to rise superficially. And as a result, people are getting pushed into insurmountable debt.
The fact that housing and material goods have far outpaced salaries has nothing to do with the mantra of supply & demand. There is no shortage of houses. In Denver, the vacancy rate for apartments is 5.6%. There are roughly 3500 homes for sale with buyers sitting on the sideline and sellers coveting what they have.
The illusion that all is well with the economy is to keep people overspending. As long as people are led to believe everything is good despite 25% – 50% inflation, the hypnosis belies reality and people continue to spend themselves into debt. Don’t worry – Be Happy!
It is the exact same mantra employed by the Federal Government in their own spending spree! With debt now standing at a whopping $33 Trillion – 123% of GDP – monthly interest rate 2.92% = which results in a NET Payment of $745 billion in 2024. All of which hinges on The Federal Reserve. The same Federal Reserve tasked with balancing the budget and maintaining a noninflationary economy… The same Federal Reserve that has reduced the purchasing power of a dollar to just 4 cents since their inception in 1913.
The same Federal Reserve that gave us The Great Depression and should have been dissolved on the spot for gross mismanagement. And the same Federal Reserve that supports The Great RESET to cover for their massive Ponzi Scheme that has broken the back of the US economy.
Put in smaller numbers; imagine only ever paying the interest on your credit card while continuing to spend more on your credit card and never paying the principal? Your entire lifetime times 3 generations.
In essence, the Federal Reserve redistributed that 96 cents on the dollar to them self, which is how the elite of today were created and the income discrepancy became so vast and the power became more collectively communist. In Bolshevik USSR this led to famine, particularly among urban dwellers who produced nothing.
The only means for this disparity to not occur would be for every aspect of the economy to move at the exact same rate increase, or not move at all.
Never going to happen under ANY form of government. Because, government by its very definition is a power vacuum built on greed. Leading to boom-bust societies and civilizations.
The concept of the RESET or Omidyar’s Five Pillars or Protocols of Value, are utopian on paper and fail to take into account the sloth of greed which corrupts every society from societies beginnings. Certainly abolishing the military industrial complex would mean that the efforts to build rather than destroy could be harnessed to focus on prosperity. But prosperity means income inequality. Always has – always will.
The price of gold since 1930 has risen roughly 6,300%. But the price of a house has risen 21,667% over the same time frame. FDR artificially levied a fixed price on gold at $35 per ounce where it flexed to $45 until 1971 when all hell broke loose. At this point, the dollar was clearly becoming worthless and commodities became the only means of preserving some wealth at all.
In 1960, the average wage was $5300 and the average home could still be bought for $11,900 – a ratio of 2:1. The upward trajectory of price increases in housing took off in a complete vertical linear by 1971 with Nixon unleashing the gold index from the dollar, and the dollars value spiraled precipitously downward. And Commodities ROSE.
As a direct result, home ownership in the US has dropped from a high ratio of 68% in 1960 to 43% in 2023 with 3 million Americans facing the potential of losing their home today.
If wages had followed the same 2:1 linear, a person in Denver, Colorado should have a salary of $325,000 just to be on par with values in 1930 or 1960, ie no wealth increase/accumulation.
All in All, the economy is in fact far worse today than during The Great Depression. Suppressing reality does not change reality. Creating fake manufactured statistics via artificial algorithms does not comply with reality and perpetuates the illusion. So YES We Are experiencing a Massive Silent Depression!
And the government, Bankers, and Elite are desperate to hide that factoid because it would disclose the soddy, negligent, corruption perpetrated on Americans by The Federal Reserve and every esteemed government since which did NOTHING to alter this ‘unsustainable’ trajectory.