Chart usGOLD   Chart usSILVER  
 
Food for thought
Argentum et aurum comparenda sunt
Franklin Sanders  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1307.001.10
Silver 20.930.00
Platinum 1482.200.95
Palladium 872.202.10
WORLD MARKETS
DOWJONES 1711459
NASDAQ 445631
NIKKEI 153506
ASX 55345
CAC 40 437065
DAX 9734122
HUI 240-2
XAU 101-1
CURRENCIES (€)
AUS $ 1.4269
CAN $ 1.4451
US $ 1.3464
GBP (£) 0.7886
Sw Fr 1.2148
YEN 136.5360
CURRENCIES ($)
AUS $ 1.0600
CAN $ 1.0733
Euro 0.7427
GBP (£) 0.5857
Sw Fr 0.9023
YEN 101.4080
RATIOS & INDEXES
Gold / Silver62.45
Gold / Oil12.53
Dowjones / Gold13.09
COMMODITIES
Copper 3.19-0.01
WTI Oil 104.30-0.29
Nat. Gas 3.780.00
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
In the same category
The Distribution of Economic Pain From the Financial Crisis in One Chart
Published : November 12th, 2012
121 words - Reading time : less than a minute
( 1 vote, 5/5 ) Print article
 
    Comments    
Tweet
Keywords :   Collapse | Government |

 

 

 

 

No wonder the wealthiest ten percent feel so clever, and even perhaps triumphant.

The collapse caused by the widespread banking fraud has barely affected them, whereas it wiped out most of the last ten years of growth in the middle class and the poor.

In my considered opinion this is largely the result of policy and tax decisions that have been made by the government over the past twenty or more years, in which they fostered a financially predatory economy.

Financial bubbles are often wealth transfer mechanisms, and in this case it appears that you can also keep what you kill.


From Amir Sufi, Professor of Finance at the University of Chicago.

Net Wealth Shock in US, by Net Worth Percentile

 


 

 

 

Tweet
Rate :Average note :5 (1 vote)View Top rated
Previous article by
Jesse
All articles by
Jesse
Next article by
Jesse
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
MOST READ
TOP RATED
MOST COMMENTED
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Jesse

Visit Jesse's Cafe Americain for refreshing news on the markets
Jesse ArchiveWebsite
Most recent articles by Jesse
7/23/2014
7/23/2014
7/23/2014
7/23/2014
7/21/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer