US Economy Dead

The US economy is pretty much dead. Oh it's crawling along with a bad case of stagflation, assets and wages are flat while food and fuel are high. About 80% of americans are working and doing Ok while the other 20% are more or less permanently fucked.

The economy created a puny 54k jobs in May, half of them at at McDonalds. About 61% of americans don't think that they'll return to their pre-Depression lifestyles...ever! So the hope part of the change is dead. It's either all Marxism for most people or slowly slip into their new North Mexico, third world lifestyles.

China has given up on the US and sold off almost all of their US treasury bonds. They see no way out for the US to stop currency devaluation, government debt and default. The Federal Reserve will be printing deficits until the dollar collapses. No one wants the junk currency.

The DOW has lost value for five continuous weeks, almost 5% of value lost. Nice.