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Tag Archives: net worth

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    Why The Markets Are Overdue For A Gigantic Bust

    It's just not possible to print our way to prosperity
    by Chris Martenson

    Friday, June 9, 2017, 11:38 PM

    13

    As much as I try, I simply cannot jump on the bandwagon that says that printing up money out of thin air has any long-term utility for an economy.

    It's just too clear to me that doing so presents plenty of dangers, due what we might call 'economic gravity': What goes up, must also come down.

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    The Unsafe Foundation of Our Housing ‘Recovery’

    Overdependence on subsidies, debt, and unfounded optimism
    by charleshughsmith

    Monday, February 25, 2013, 9:55 PM

    6

    What could go wrong with the housing 'recovery' in 2013?

    To answer this question, we need to understand that housing is the key component in household wealth. And, that Central Planning policies are aimed at creating a resurgent “wealth effect,” as follows: When people perceive their wealth as rising, they tend to borrow and spend more freely. This is a major goal of U.S. Central Planning.

    Another key goal of Central Planning is to strengthen the balance sheets of banks and households. And the broadest way to accomplish this is to boost the value of housing. This then adds collateral to banks holding mortgages and increases the equity of homeowners.

    Some analysts have noted that housing construction and renovation has declined to a modest percentage of the gross domestic product (GDP). This perspective understates the importance of the family house as the largest asset for most households and housing’s critical role as collateral in the banking system.

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    The Structural Endgame of the Fiscal Cliff

    It's not just a temporary political event
    by charleshughsmith

    Wednesday, December 26, 2012, 6:51 PM

    2

    To understand this endgame, we need to start with the financial and political basics of wealth and power in the U.S.

    1.  Wealth and thus political power are highly concentrated.  The dynamics of rising wealth disparity and the increasing concentration of wealth are debatable; the disparity is not.  Roughly 70% of all financial wealth is held by the top 5%; within this top layer of ownership, the top ½ of 1% hold an outsized share.

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