First, median incomes in 2016 set an all time record. Rather, they beat out (or caught up to) those from 1999. Hooray! We’ve only lost two decades of growth. And incomes, recall, are usually the last thing to catch up – before a new correction.
One of the first things to go up and one which goes up fastest … is new government debt. See: the Instantaneous manufacture of $317,645,000,000 worth of new debt in one day! It’s a miracle! Thanks to Congress and the Prez. for the temporary spending boost on the way to infinite and perpetual indebtedness.
For the latter story you can thank the government and their pet, the Federal Reserve. The Fed was one of three marvels foisted on the formerly free people in 1913.
Speaking of foisting – yesterday was the 16th anniversary of the 9/11 attacks. I was a little busy and, therefore, this will likely be my only remembrance note this year. (Unlike last year – see Sept. 2016 archives).
Just in time for the anniversary, engineering expert Dr. Leroy Hulsey and his research team released a study of the collapse of WTC Tower 7. It’s kind of part one of the study anyway. He (they) have some questions about the official narrative.
You may recall that the ninth plane (from Toronto) hit WTC 7. The impact and resulting conflagration caused substantial weakening of the steel frame inside the tower (much like WTC 1 and 2), which caused a complete (and VERY neat and self-contained) collapse.
I completely made that last paragraph up. No plane hit No. 7. There was only a small, office-material-fueled fire (with temperatures insufficient to melt or weaken steel). And the fire almost burned out long before the collapse – maybe around the time the media was parroting that the tower had collapsed, even as it stood in the background of their live broadcasts.
Not many believe the “official” story about No. 7 or anything else that day, not even members of the Commission impaneled to investigate it. This study sheds a little light with more to come. See if you will.