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by: Trader Mark posted on: July 23, 2008 This article sounds vaguely familiar ;) I'm glad the 'experts' are catching on and telling the leadership what it is really like for those not in the upper 3rd of the country. [Dec 8: Do the Bottom 80% of Americans Stand a Chance?] We used the first half of the decade using our homes to cover the shortfall [house ATM] that has been slowly growing (erosion of living standard) - now it's the credit cards. Once that goes - so will come the rise in personal bankruptcies (which Congress has also made much more difficult to declare on behest of lobbyists group of financial corporations - it's all quite circular). I cannot stress enough, this is an era very similar to right before the Great Depression - the highest % of wealth in the upper 0.5% and the highest proportion of national output in... [read full story]
