Spengler and the Zombie Economy

Zombinomics, otherwise known as "structural slump". That describes what we have much better than anything else I've read. Spengler has nailed it. But I'd add that the zombinomics is for proletariat while the global elites prosper in their own private economy.
 
So expect a 3% return on your work and investments going forward. Never mind that inflation runs higher and that the pension systems need three times that to meet obligations. In this risk free, zero sum world, 3% is what can be provided for most of us. And that is for the good years. The bad years will yield less for most of us.

In 2008 my work yield was -60%. It increased to -20% in 2009 where it has remained constant thereafter. Except for inflation which reduced my work yield to -23% in 2009, -26% in 2010 and -34% so far this year.
And that money you invested to live on in your old age and that your financial adviser brags about the great ROI? With a 6% yield this year, you are losing 2% principal through inflation. Your savings are decreasing! So is the ability of pension funds to meet current and future obligations.

These are real standard of living losses that diminish a family's quality of life. Both now and in the future. And it likely will continue to get worse every year. If you planned a life around taking a $1000 home a week you are in real trouble. You need to find a life that can be sustained on $660 a week. For now. Less each year in a zero growth world.

The fix is in. This is the new normal comrade.

International communism won without a vote being cast or a shot being fired.