BTC Post



Bitcoin realtime
Quotes + News

Bitcoin/USD          Time: CET

BTC/USD (Bitcoin / US-Dollar) Währung Chart
Kursanbieter: Bitstamp
Bitcoin/Euro
BTC/EUR (Bitcoin / Euro) Chart
Kursanbieter: Bitcoin.de

Gold

Gold Rohstoff Chart
Kursanbieter: FXCM

Silber

Silber Rohstoff Chart
Kursanbieter: FXCM

Powered by ARIVA intraday CET          realtime

Articles

acting-man.com / By Bill Bonner / April 21, 2017 Paycheck to Paycheck GUALFIN, ARGENTINA – The Dow was down 118 points on Wednesday. It should have been down a lot more. Of course, markets know more than we do. And maybe this market knows something that makes sense of these high prices. What we see are reasons to sell, not reasons to buy. Nearly half of all American families live “paycheck to paycheck,” say researchers. Without borrowing, 46% couldn’t raise $400 to cover an emergency. This is at least part of the reason why retail sales dropped for the second month in a row in March. Despite seven years of economic “recovery,” millions of Americans don’t have much money. According to Census Bureau figures, 110 million Americans receive benefits from means-tested federal programs – food stamps, disability, and the like. And according to the Bureau of Labor Statistics, about 125 million Americans have full-time work (with another roughly 112 million without jobs). That means there are only 125 million people in full-time jobs supporting the whole kit and caboodle of the U.S. economy, with a total population of 323 million. At that rate, each full-time worker supports about 2.6 people… including almost one person receiving money from the feds. They are also supporting a government debt of $20 trillion and private debt of another $40 trillion or so. That puts the debt-to-full-time-worker ratio at $480,000. The average salary for a full-time worker is just $48,000. At a modest 5% interest, his share of the debt cost would set him back $24,000 each year. He’d have only the remaining $24,000 to support (1) his own family… and (2) all the malingerers, cronies, and zombies who are drawing government benefits. Obviously, those numbers don’t work. But they explain much of the weakness in the U.S. economy. The feds’ cheap credit keeps moving money (mostly in the form of asset price increases) to the wealthiest ZIP codes… while the average person’s budget gets tighter and tighter. READ MORE The post Central Banks Have a $13 Trillion Problem appeared first on Silver For The People.

Read more


publish yourself   ----  your website in 3 seconds  ---  free, easy, everywhere