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By Tyler Durden

Submitted by MN Gordon of Economic Prism (annotated by Acting-Man's Pater Tenebrarum),

Seven Year Achievement

“Read the directions and directly you will be directed in the right direction.” — Lewis Carroll

See? It’s easy Janet! Just read the directions!

U.S. consumers are at it again. After a seven year hiatus they’re once again doing what they do best. They’re buying stuff.

According to the Commerce Department, personal consumption expenditures (PCE), which is the primary measure of consumer spending on goods and services in the U.S. economy, increased $119.2 billion in April. That marks an increase of 1 percent, and is the biggest one month increase since August 2009 – nearly seven years ago. Indeed, this is quite an achievement.

The consumer, you know, is the primary engine of U.S. economic growth. Without consumption GDP doesn’t go up; rather, it goes down. Moreover, in a debt based money system, when GDP goes down the whole financial debt structure breaks down.

We don’t condone it. Certainly we’d prefer an honest hard money system where savings and investment drives growth as opposed to borrowing and spending. But our preference has no bearing on reality in this matter.

Still, given the vast array of pretense inherent to a debt based money system, when we hear that PCEs increased by the largest margin in nearly seven years, we take a keen interest. Naturally, we want to know what’s going on. Namely, we ask, where’s the money coming from?

Where’s the Money Coming From?

Middle class incomes, the last we recall, scored a big fat rotten goose egg over the last decade. By this we mean incomes haven’t gone up. To the contrary, they’ve going down.

Our understanding of this unfortunate situation isn’t based on anecdotes we overheard at the corner donut shop. Nor is it based on experiences shared by the crusty fellows casting their lines off Belmont Veterans Memorial Pier. Instead, we have hard evidence and solid proof. Specifically, we point to the distilled findings of Pew Research released earlier this month.

“The American middle class is losing ground in metropolitan areas across the country, affecting communities from Boston to Seattle and from Dallas to Milwaukee. From 2000 to 2014 the share of adults living in middle-income households fell in 203 of the 229 U.S. metropolitan areas examined in a new Pew Research Center analysis of government data. The decrease in the middle-class share was often substantial, measuring 6 percentage points or more in 53 metropolitan areas, compared with a 4-point drop nationally.”

Incomes going nowhere but down – one of the many great achievements of monetary central planning, a.k.a. Anglo-Saxon central banking socialism (via Pew Research)

So if it isn’t rising incomes that are propelling the PCE increase then what is it? According to recent findings from the New York Federal Reserve, “total household debt climbed 1.1 percent in the …read more

Source: Guided By Nonsense – The Data Doesn’t Add-Up

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By Tyler Durden

Submitted by Claire Bernish via TheAntiMedia.org,

By now, we’ve all witnessed selective outrage in real time — a misdeed, tragedy, or other infuriating item blows up national headlines and almost immediately receives backlash in the vein of, ‘well, why isn’t anyone irate about ___ ?’ It’s as if society has developed not only an odd hypocritical corner on the market of concern, but a notable inability to impassion itself with more than one issue at once.

Dichotomized moral outrage receives an altogether greedy leg up from corporate media. After all, networks understand all too acutely how tragedy drives opportunity – and what better way to cash in on casualty than by capitalizing on ethical wedges people invariably manufacture?

Cleaving division, in fact, comprises the bulk of propaganda. Intense bickering and debate saturate social media, both obfuscating other potentially significant happenings and setting the foundation for further division in the future. If personally invested in passionate disagreement over one issue, people’s resentments linger — prejudicing friends, colleagues, and associates against one another when an equally divisive topic or incident takes place in the future.

Now that we’re about halfway through 2016, having seen this polarity replayed innumerable times, one conclusion can be surmised with a degree of certainty — people simply favor certain things over others. And the examples comprise a list both telling and distressing in scope.

1. Harambe, an endangered western lowland gorilla living in a confined space at the Cincinnati Zoo, died after staff decided extreme measures were necessary to save a hapless four-year-old boy — who inexplicably managed to escape his mother’s notice and slip into the animal’s habitat. When zoo director Thane Maynard faced the media to justify the shooting of Harambe, social media had already amplified the controversy to a feverish pitch.

Though Maynard’s confirming the shooting had been unavoidable served to fan a growing conflagration, Cincinnatians familiar with his normal enthusiasm saw a fierce struggle underlying the resolute public stance — particularly as primatologists, animal behaviorists, and a whole spate of experts threw their personal opinions into the mix.

To varying degrees, Maynard, the zoo, the child’s mother, the people filming instead of somehow preventing the child’s foray into the enclosure, and even protesters and those mourning the loss of Harambe all became targets of countless arguments and rants across social and news media.

Was the shooting really justified? Why wasn’t that mother watching her kid? How did an entire crowd of people not stop this four-year-old, even if the parents didn’t? Who cares about an animal when a human child’s life was at stake? Why wasn’t Harambe’s habitat better fortified against errant kids? Must zoos be a thing?

As soon as these questions hit keyboards, the inevitable expansion of the backlash also hit. Why should we care about one gorilla when so many endangered animals are poached in the wild? What about factory farming? Why all the attention on an animal when millions of innocent people perish in multiple wars? What about the …read more

Source: The Media Divides Us With Gorillas To Enable The Crimes Of The Government

    

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