Top 1% Got 93% of Income Growth as Rich-Poor Gap Widened - Bloomberg
While the U.S. economy
was recovering from the Great Recession, Reyes, 52, a casino dealer
from Minneapolis, was dining on $1.67 cans of soup and searching for a
way to keep her house, which was foreclosed on last October.
“I went backwards,” Reyes said. “Two years ago, three years ago, I didn’t know I’d be looking at being homeless.”
Stephen Hemsley’s salary has been frozen too. His income hasn’t.
Bama got this though, he is positive this time will be different.
The richer are getting richer while 20% of the U.S. is unemployed. According to the economist John Williams at Shadow Stats, the fed is underestimating unemployment rates by 50%. Also, the elite know to keep their money out of fiat currency. They know to buy gold and silver, while they keep American's from knowing the truth about their depreciating dollar. I have tried to tell people about getting out of the dollar into gold and silver and they poo poo me. I show them the charts that say gold has risen over 400% over the past decade while the stock market goes sideways. http://goldprices247.com. They look at the charts and still can't break from their brainwashing. I think with the new 40 billion dollar a month mortgage backed securities purchases by the federal reserve will be the start of the end of the dollar, at least until it's replaced with something of much lesser value. For me - i believe gold and silver are my best option. I don't work in the business i'm just vigilant and have done my research.
ReplyDeleteThank you for the comment Silver Prices, you are one of the Wise.
ReplyDeleteStay true to you're convictions.