Relevant:
- The Fed Won: America's 0.1% Are Now Wealthier Than The Bottom 90%
- Wealth Investment Manager Explains Why 99.5% Of Americans Can Never Win
- Decline of the U.S. Middle Class, Both in Reality and Perception
- Fed: American Wealth Plummeted 40% in Past 3 Years
- Richest 400 Americans' net worth jumps 13 percent to $1.7 trillion
2015-03-14 — firstrebuttal.com
The Fed is very aware that the bottom 80% of Americans own less than 5% of US equity markets. Â And so the Fed is very aware that its manipulation of stock prices such that it creates immense unearned wealth to those in the markets doesn't reach the bottom 80%. Â So why celebrate the results of the stock market price manipulation??
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While the average net worth of Americans is 4th in the world pulled up by the top 10%, the median net worth of Americans comes in the 19th spot. Yep, behind Spain, Italy and Ireland so 3 of the 5 PIIGS nations. Meaning the bottom 80% in these broke ass barely hanging on nations have more wealth than the bottom 80% of us here in America.
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