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Tag Archives: poor

If you had assets before 2008 you’re probably doing fairly well, If you didn’t, well sorry

The great disconnect continues. Those who are tapped into the (crony) financialized system have seen their stocks and bonds do well as the market has ridden a Federal Reserve created bubble. Those who do not have assets, or only real estate assets, (unless they have nice arable farmland) have fallen behind. It’s a case of the rich getting richer and the poor getting poorer, but the situation has been exacerbated by the central bank experiments of the last 6 years.

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The Big White Ghetto (Life on the dole in Appalachia)

I was taken with this article. As one who lives in a prosperous town which is tucked up right next to the Blue Ridge Mountains the world Kevin D. Williamson writes about in the National Review is not that far away. It’s still far, the Appalachian Mountains where I live have vineyards, orchards, and prosperous cattle farms on their flanks. One of the world’s great universities is just down the road. But the bleak, welfare dependent rural ghetto isn’t that far. An afternoon’s drive and I’d be in the heart of it.

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