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I don't know where you get your facts from but I have been in the construction industry for 40+ years my guys currently are making $25.00 to $30.00 an hour. that's around 52k to 62k a year. I have never seen the amount of work that is currently under construction here in Southern California. The market has been depressed for the last 40 years.

Well, the median HOUSEHOLD income is $59,039 (at least for 2016). The stats in the blog are including every worker, including part time, minimum wage workers. This is misleading at best. From the blog: "At this moment, the federal poverty level for a family of five is $29,420, and yet about half the workers in the entire country don’t even make that much on a yearly basis" The average family in America has 2.6 people in it. Not 5.

Plenty of high paying jobs in the trades. I saw a diesel mechanic job offering $99/hr a few weeks ago.

This makes me feel better about my 10 bucks an hour. I root for my fellow millenials to stay broke like me, can't wait till the collapse really takes them out! Im ready with my silver coins!

Thank you Obama.

Not reflective of full time middle class Joe. Your confirmation bias is showing ... again. It must be tiring to be so negative all the time.

I have been struggling to find a job and am even considering getting my CDL to drive a truck for more money. What would you suggest, Peter Schiff?

Economic collapse blog peddles nothing but fear and paranoia. They may be right from time to time but they have one agenda: Get views and add money at any cost.

but that is not household income? By the way, the link does not take the reader to any supporting data directly. Poor writing.

Kevin Williamson wrote a very good piece on poverty that seems relevant to this post: www.nationalreview.com/corner/poverty-misunderstood-case-matthew-desmond/

It's not doing better. It's going to take a lot more presidents to dig us out of the hole the past 20 have put us in. That's if they can do it in the first place. I'm not convinced.

Thank you Democrats, the Fed and Globalist

The Left-Wing of the Political Spectrum would say this is due to De-Regulation, Free Trade, lack of Public Investment, the fact that the US does not have state funded Healthcare and Education?

The median income in America is over $52,000.

Wage enforcement has enabled settling for less. Regulation has discouraged entrepreneurship.

Don't mislead Peter.. it is beneath you.

There are no such things as "classes" in the United States.

"http://theeconomiccollapseblog.com" LOL!

that's globalization for ya.

They literally took our jerbs

50% make more

www.larrysharpe.com/

Jeremy Smith

Negative nancy

Peter schiff is this because of globalization???? We give tax breaks to the rich. They dont make huge profits here. They send it overseas for huge profits. Why have high employee costs here when you can make a killing overseas?

It's interesting how under Trump National Debt doesn't really matter but when under Obama it was Armageddon....i just don't get it

What do you say to Economists who claims that; The US National Debt is not really A Debt because it is the sum total of outstanding Treasury Bonds that are held by other institutions such as Central Banks, Banks, Individual Investors, therefore the US Treasury issues Bonds which are a safe place for people to keep their money and to invest in and the US Treasury can always pay interest on them because the US Treasury essentially has a patent on the Dollar, the US can never run out of Dollars, and therefore the US can never go broke?.

The time between 1945 and 2018 has been the most peaceful period in human history. Why? 1) Mutually assured nuclear destruction 2) US conventional military dominance 3) The collapse of the Soviet Union *I’m not saying that we necessarily need more nuclear weapons or that the US doesn’t overspend on the military. That said, when people say that the money historically spent by the US on the nuclear arms race and military is the primary reason WWIII never happened and the “wars” we have experience in the last 73 years have been minor (relatively speaking).

More Tax Cuts are fine, it’d just be nice if we had the spending cuts to go along w/ them.

Peter Schiff just how much do you know bout Nuclear Weapons , in fact there is a time sch limit on them, after awhile they do disassemble them.. Not long ago just north of Amarillo Texas a Nuclear Bomb that was constructed built in the 1940's was disassembled , heck those who made it were done passed away.. That Bomb was flown from Minot North Dakota on a B52 to a area north of Amarillo!

Here comes more of the inflation "stick". Whether people move away from the use of fiat currency by way of the karat or the stick, they'll move. Take the karat.

The Fed is going to have a massive QE4, they will monetize everything and the dollar is still not going to crash, Peter Schiff. Look at Japan, their central bank has been monetizing everything in sight, they have been doing everything the Fed has done for decades (plus they even buy equities - something the Fed has never done), their debt to GDP ratio is double or triple ours and they are committed to unlimited QE to never let JGB yields rise above zero. And yet they are in perpetual deflation, the yen is still the safe haven currency, and not a sign of currency collapse. If you really believe in the impending collapse of the US dollar, surely you'd think the Japanese Yen would be the first domino to fall. Shouldn't the JGB market crack first? They've followed the Fed path and worse.

Why are we blowing more money on nukes. We can already blow the earth up several times over. WTH is going on.

Gee, I thought we had a nuclear arsenal? We need more nukes? Well, looks like Donald was koshered by the banksters. I guess he wants to live!

You should comment on Bayer and the monsanto appeal they just lost since you hyped that stock a few podcasts ago that your fund owned it. Guess they'll have to pay up.

There’s a reason for everything .

Is he trying to bankrupt the Russians and the Chinese like Reagan did to the Soviets?

Any podcast coming tonight? I had to turn off the fake news government cheerleaders, now I need some real news.

Don’t ever expect liberal BBC to say anything positive about what the current admin is doing

Fuck’n Muppet! 🤡💩

Ugh

or not !

surely not

Kristopher Bianchini

Holy fuck republicans are just as stupid as progressives

I think it's the funding of that "Space Force" Trump announced earlier this year that you guys should be worried about.

Trump, cut spending! Repuglicans are spineless pussies. Party of small government my ass.

I'm sure they'd NEVER EVER under ANY circumstances dip their hands in those funds either. 🙄

🤦‍♂️ I don't know what bothers me more? The fact that this guy continually suggests asinine ideas, or that he has so many supporters?

why would you want to let the government manage MORE of our money when they can't even balance the budget we have now....🤔

End social security and give every American a personal savings account and take 10% of their income and save it. You'd have millionaires in a single generation.

I love being too rich for the Dems to want to give me handouts and too poor for the GOP to want to lower my taxes. No hard work goes unpunished.

That’s a “welfare” account, not a “savings” account.

I identify as Triplet Children: Mia, Myaself, and Aye! Needs me 3 savings accounts.

Uh, isn't that called Social Security? Because, that idea turned out so well. :\

They let rapists write legislation?! That seems regressive to me.

Savings accounts for kids, paid for by the government(taxpayers)...and an open border....whats the worst that could happen

It’s always all about stealing. All I know is i work myself into the ground and all my patients are sick as snot and on disability.

Of course it's an awful idea, but if it were to gain traction, let's fund it by removing refundable tax credits (negative tax rates).

Why a federally funded account in each individual child’s name? Why not simply fund the education needs like tuition fees for the child? This guy is up to no good. He wants those individual accounts to be “managed” by his Wall St buddies.

Instead lets give money to the rich. They can start jobs overseas and put their profits in offshore accounts. Lmfao

Who said they were going to take it, just print it!

He had to do something to distract citizens from the sexual assault accusations piling up against him

Well the advanced Progressive plan is to have the accounts for the government to rob. Just like social security.

This is crazy. Why would parents be responsible for their kids when we have Cory Booker that man assailant at the helm?

Why teach children how to earn and manage money when you can just take it from others?

I'm already forced to help send everyone else's kids through school in my area through my astronomical property tax bill, I'm not paying for their savings accounts on top of that.

How much of his own money has he already given away?

I must say whomever thinks the government is a go-to option for saving money is either or some combination of fundamentally dishonest, or profoundly confused about the nature of the US Federal government.

What’s hilarious is these libtards keep looking for more and more ways to spend money, when the sad reality is we’re broke. It’s supposedly boom time AND peace time (hint it’s neither) and yet we’re going into even more debt.

Remember Social Security, the government-controlled retitement account, that politicians now steal from hand over fist? Remember that when a politician promises or proposes anything.

That headline terminated early: " . . . that the Fed can later inflate away".