It All Begins With This: U.S. Middle Class Is No Longer The World’s Richest…”it’s all downhill from here.”

Friday, April 25, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/25/2014

Over five years ago, when we first dared to make the “bold” claim (a tangent of which now serves as the basis for bestselling books that paraphrase Karl Marx) that all Bernanke’s idiotic assault on the average American, known as Quantitative Easing, would achieve, would be to crush the US middle class, it was ridiculed – perhaps we too should have charged a perfectly capitalist $23.97 for this profound assessment to be taken seriously. Still, we are gratified to learn, some five years later, that indeed, the US middle class, well on its way to extinction, just took out the first and most critical milestone, to wit – the US middle class is no longer the world’s richest. And yes, “it’s all downhill from here.”

Sadly, mostly for America’s chauvinism, the distinction of the world’s richest middle class now goes to Canada, while the poor in much of Europe now earn more than poor Americans.

The Rest…HERE

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