By Lucky Ai @Adobe Stock
Helena Glass of LewRockwell.com tells her readers that a higher DOW in today’s illusion is a worthless measure of Economics. She writes:
The media entertainers have determined that the DOW rising to new levels of high is an indicator that Bidenomics is working. Well, it is, just not in the way they perceive. Economics and Accounting are not subjects the vast majority in Congress or in the Entertainment world of News are prolific in. In fact, their abject illusionary vision is indicative of the education lawyers and journalists receive.
The market movers or gainers that have seen the most increases in share values include the Banking Industry, Energy Industry (as in those nasty fossil fuels), and Lithium (as in one of the dirtiest forms of energy in the world). All controlled by BlackRock, Vanguard and State Street Funds. These ‘funds’ routinely create market bubbles for their clients. Not for society. Not for the middle income and certainly not for the poor. They expand the wealth of the wealthy.
In addition, who is driving the DOW? Is it insider trading as bankers and oil company executives sell insider shares? Is it foreign investors who don’t contribute to America’s economy?
Examples: Exxon Energy is up 300% since Bidenomics. JP Morgan is up 67%. The Biggest losers coming in with losses as high as 99% are all small startups – 1800 companies.
So, a higher DOW in today’s illusion is a worthless measure of Economics. […]
The measurement is false. It is fake.
The Urban population of the US has undergone a metamorphous as a direct result of immigration. Less than 45% of urban dwellers are white. Predominant in urban populations is a sharp schism of uber wealthy – such as Manhattan – and uber poor/. Per Capita income in NYC is just $48,000 and the poverty rate is 17% to 20%. The racial mix: 37.5% White, 23% Black, 14.5% Asian, 29% Hispanic.
Detroit as an urban hub is now 80% black with a mean income of just under $21,000.
Obviously, urban dwellers are NOT a fair American demographic statistically. But our Federal Government cherry picks their measuring methodologies, their statistics, and their economic values. To present a False propagandized illusion that Entertainers and Lawyers in Congress utilize to squeeze Middle-Class Suburbia into oblivion.
Read more here.
