Chart usGOLD   Chart usSILVER  
 
Food for thought
There is a Providence that protects idiots, drunkards, children and the United States of America
Otto von Bismark  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1202.29-9.56
Silver 16.54-0.53
Platinum 1244.60-14.10
Palladium 783.70-8.55
WORLD MARKETS
DOWJONES 1705789
NASDAQ 4531-18
NIKKEI 15658104
ASX 545726
CAC 40 4097-14
DAX 9004-79
HUI 169-8
XAU 69-4
CURRENCIES (€)
AUS $ 1.4304
CAN $ 1.4110
US $ 1.2617
GBP (£) 0.7876
Sw Fr 1.2056
YEN 137.3970
CURRENCIES ($)
AUS $ 1.1336
CAN $ 1.1180
Euro 0.7925
GBP (£) 0.6241
Sw Fr 0.9552
YEN 108.9080
RATIOS & INDEXES
Gold / Silver72.69
Gold / Oil14.91
Dowjones / Gold14.19
COMMODITIES
Copper 3.120.01
WTI Oil 80.61-0.85
Nat. Gas 3.720.07
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
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
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
10/29/2014
10/29/2014
10/29/2014
10/29/2014
10/29/2014
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