The Gap Between Rich and Poor Has Never Been Greater

 Today we read even more evidence that the “state of the union” is not good.  When the financial world almost imploded in 2007-2009, the central bankers had no choice but to lower interest rates to 0% and flood the world with US Dollars.  Lowering interest rates made the value of homes go up so those who owned real estate felt better.  It also has pushed the stock market up to a record high of 40,000 DOW.  How?  Think of it like this;  if General Mills stock was trading at $30/share on day one and nothing happened to affect this price.  But on day 2 the Federal Reserve doubled the amount of US Dollars in existence, General Mills would eventually HAVE to go to $60/share just to stay even in actual value.  Why?  Because when you double the money supply it automatically reduces the value of the dollars that were already in existence.  So increasing the value of real estate and stocks and bonds will make some Americans very happy.  But 10% of Americans own 93% of all the stocks, so much wealth has been accumulated by some but most Americans haven’t figured out how to save and will end up being slaves to debt for their entire lives.  Another factor that will end up tearing America apart.  Notice that the author uses the phrase “a gap we have NEVER seen before.”

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Have you ever felt like you can never seem to get ahead no matter how hard you try?  If so, you are definitely not alone.  The gap between the ultra-wealthy and the rest of us has never been greater, and more wealth is being transferred to the top of the pyramid with each passing day.  Unfortunately, our economy has evolved into a highly centralized system that is designed to drain wealth from those that do not own wealth-producing assets and transfer it to those that do own wealth-producing assets.  Sadly, even most of our homes and most of our vehicles have been turned into wealth-producing assets by the elite.  Every month when you make your mortgage payment and your vehicle payment, you are making the wealthy even wealthier.  The entire system is designed to get you deep into debt and keep you paying on that debt until you die.

As we have seen in recent years, those that manage the system will do whatever it takes to protect the wealth of the elite.

The Federal Reserve pumped trillions of dollars into the system to prop up the value of financial assets, and it worked.

Right now, the Dow Jones Industrial Average is hovering around 40,000 and those that own stocks are living the high life.

But who owns most of the stocks?

According to Federal Reserve data, the wealthiest 10 percent of all Americans own a record high 93 percent of all the stocks…

The wealthiest Americans have never owned so much of the stock market, with the top 10% now holding a record 93% of US equities, according to Federal Reserve data.

On the flip side, the poorest 50 percent of all Americans own just 1 percent of all the stocks…

Still, stock ownership is skewed toward the top: by comparison, the bottom 50% of Americans owned just 1% of all stocks and mutual fund shares in the third quarter, central bank data shows.

Of course stocks are just one form of wealth.

But when you add in all other forms of wealth, the bottom 50 percent of the U.S. population still only owns just 2.6 percent of all the wealth.

Tens of millions of Americans have lost faith in the system and are becoming increasingly restless, and our politicians have been trying to keep them pacified with handouts.

Just like in the United States, the gap between the wealthy and the poor globally has reached a level we have never seen before.

Since 2020, Oxfam says that billionaires have gotten “$3.3 trillion richer”…

Hundreds of millions of people are struggling to keep up with the cost of living; meanwhile, billionaires are $3.3 trillion richer than they were in 2020. This is not a coincidence. When we analyzed the world’s largest corporations, we found that a billionaire is running or the principal shareholder of 7 out of 10 of them.

Such a system is not sustainable.

If most of the global population is steadily getting poorer and a tiny sliver of the global population is becoming fabulously wealthy, it is only a matter of time before the entire system comes crashing down.

https://theeconomiccollapseblog.com/the-gap-between-the-rich-and-the-poor-is-larger-than-ever-and-frustration-is-growing-to-very-dangerous-levels/