U.S. national debt is more than all the world’s physical cash, gold, silver, and bitcoin combined.
The U.S national debt is quickly approaching $19.5 trillion. It will very likely be there this month. It is hard to comprehend how much this amount is for the average American that is barely trying to get by. But people are starting to wake up. There is a large financial charade going on. Most people […]
The wealthiest 10% hold 76% of the wealth: The rich continue to pull away from the rest of the crowd.
Wealth in the U.S. continues to accumulate into fewer hands. A recent Congressional Budget Office report showed that the top 10% of U.S. families now control 76% of total wealth. That is a massive amount considering total family wealth is at $67 trillion. Wealth inequality continues to expand and is creating deeper divides in our […]
Gallup Economic Confidence Index plunges while stock market near record: Stock Market decoupled from financial well being of average Americans.
Gallup releases an Economic Confidence Index which should reflect the overall sentiment of Americans as it pertains to the economy. With the stock market near record highs and the housing bubble market soaring, you would expect average Americans to be smiling from ear to ear with glee. But when you click on over to Gallup, […]
Spending it all on rent: 11 million Americans spend half their income on rent. Another 21 million spend over 30 percent of their income on rent, a record high.
The financial raiding of the American middle class is moving full steam ahead. The ridiculous structure of the banking bailouts and artificially low interest rates caused hot money from banks and big investors to crowd out regular families in the housing market. Now here we are 7 years after the official conclusion of the Great […]