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December 16, 2015

The Middle-Class Dream

by James R. Yarbrough

Is it Real or is it Just an Illusion

Now here is the rest of the story. The middle-class, which is actually the credit class, is an invention to generate wealth for those on top and to serve as a buffer or a kind of protection against those on the bottom rung of the social and economic ladder. It is an artificial class supported by the credit industry. There can be no other logical reason for it to exist. And because there is no foundation in financial reality it is just a tool to be used when the job calls for it. If the lower class is getting restless call out the middle class, when more money is needed at the top, you do the same. The so-called middle class has been led to believe that they can, with hard work and determination, live the American dream. But what happens when the credit runs out? We are now finding out what that means.

You are on your way to the poor house. You have been deceived by the credit monster. It doesn’t whisper, it shouts that you can have it all just make sure you keep a good credit score and some kind of a job. With the strategy fully in place, the money handlers aim was to change the mindset from a save for what you can afford to a spend what you do not have way of thinking. To keep it all going the marketeers keeps the consumer goods* dangling in front of our eyes. With the same old slogan ringing in our ears; you must have, you cannot do without, new and improved. And when the economy falters, as it inevitably will, it all comes tumbling down for those who were really never up. It was all just an illusion, now you see me, now you don’t.

*Consumer goods are products that are purchased for consumption by the average consumer. Alternatively called final goods, they are the end result of production and manufacturing and are what a consumer will see on the store shelf. Clothing, food, automobiles and jewelry are all examples of consumer goods.

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