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IPFS News Link • Economic Theory

The Gap Between The Rich And The Poor Is Larger Than Ever, And Frustration Is Growing...

• https://theeconomiccollapseblog.com, By Michael

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.


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