zerohedge | With a stunning 41% of global wealth in the hands of a mere 0.7% of the world's population,
the lower- and middle-class continue to fight amongst themselves for
the scraps to maintain a decent standard of living. In the US, with the
home-equity ATM now closed (and maybe EBT interrupted), those struggling
to make ends meet are turning to the only "asset" they have left that
is unencumbered (for now) - their body parts.
As Bloomberg reports, since
the beginning of 2011, 'hair,' 'eggs,' or 'kidney' have been among the
top four autofill results for the Google search query, 'I want to sell
my...;' and "the fact that people even explore it indicates
that there are still a lot of people worried about their financial
outlook," as hair, breast milk and eggs are doubling as ATMs for more and more cash-strapped Americans.
As one analyst noted,
“This is very much unlike every other recovery that we’ve had. It’s going to be a slow-grinding, very frustrating recovery.”
Which should come as no surprise given the massive wealth inequalities...
