patrick.net
An Antidote to Corporate Media
1,359,806 comments by 15,741 users - Blue, stereotomy online now
US household wealth reaches new high of nearly $85 trillion
2015 Jun 11, 11:40am 1,145 views 5 comments
Comments 1 - 5 of 5 Search these comments
It is amazing how quickly you can reproduce the same situation over and over again, each time with increasing amplitude.
Strategist
2015 Jun 11, 5:33pm
Fake wealth made of inflated 'assets'. This "wealth" can never be spent because you need a house to live in and retirement money.
Part of the increasingly tattered veil the Fed deliberately pulls over your eyes to hide an ugly reality and make you spent more money than you really should.
So the value of homes is fake, because you need a place to live. Your stocks are fake because you need the money to retire. Paper money is fake, because it's just print paper.
What is not fake?
Heraclitusstudent
2015 Jun 11, 5:52pm
The money you use to buy groceries or discretionary stuff is not fake, and Americans don't have $85 trillions of it.
Strategist
2015 Jun 11, 5:58pm
The money you use to buy groceries or discretionary stuff is not fake, and Americans don't have $85 trillions of it.
Credit cards are fake too. Just use credit cards to buy your daily loaf.
ps.. I'll be glad to take all your "fake" assets with a "real" promissory note.
http://news.yahoo.com/us-household-wealth-reaches-high-nearly-85-trillion-163610637--finance.html
Fake wealth made of inflated 'assets'. This "wealth" can never be spent because you need a house to live in and retirement money.
Part of the increasingly tattered veil the Fed deliberately pulls over your eyes to hide an ugly reality and make you spent more money than you really should.