To anyone who actually works in the United States the economic recovery, regularly heralded by the Obama administration and establishment Keynesian economists, is nothing more than a bag of hot air. What better way of showing this than highlighting the fact that there are New Yorkers with full time jobs who cannot even afford to live in the city and have instead elected to live in homeless shelters to make ends meet.
The unique stag inflation, which uniquely encompasses asset inflation and retail deflation, has hit the middle class like a proverbial brick, leaving many who bore the burden of the 2008 market crash, and the subsequent bank bail outs, hopelessly indebted to the centralized banking system and unable to provide basic shelter for themselves and their families.
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