The reality of economic annihilation is filtering into the daily awareness of more Americans. A record number of Americans self-identify as "lower class." People receiving EBT cards and HAMP modifications have no illusions about their station in life. That's why those programs aren't alleviating poverty. Many of the working poor will simply give up on upward mobility if this class consciousness becomes permanently ingrained and they settle for a lifetime of collecting public benefits. That may very well be what the plutocratic class wants the poor to do. The country club's parking lot only has so many spaces and nobody wants to see a cheap compact car next to a Rolls Royce.
Emerging markets are on a debt binge. This will end badly for markets that aren't export-driven. It may be a blessing for markets that export hard assets and borrow in US dollars. Hyperinflation will eventually destroy the dollar's value and leave hard asset owners feeling fine. The Fed's hints of tapering QE have pounded emerging market equities lately. Those hints will end once Yellen is running the Fed. It's a great time to be a BRIC exporter.