I loved that, thank you Greg for sharing. Life has been busy and I am unable to keep up with your daily videos, but still appreciate you sharing and I really enjoy little things such as this brief, but very important, video. Happy Monday!
Similar to the 19th century Italian economist, Vilfredo Pareto, who postulated that nature has an inherent ratio. He is known for the 80:20 ratio in most of nature. He also applied it to economics. So no matter what system, capitalism, communism, monarchy/feudalism, social dictatorships, military regimes etc. the top 20% will have eventually have 80% of asset wealth. So what we are observing today is not really unusual.
EXACTLY! It's challenging to reach financial independence BUT achievable particularly in the US due to low or no barriers to entry in learning/enhancing a skill to make money or buying "assets" vs other countries . I know based on experience. However, the "system" is making it more difficult for Americans vs ILLEGALS (no apologies! I paid a lot of money to a lawyer to enter/work in the US legally) to access resources paid by earners/taxpayers. Strive to be an OWNER not an earner. Goodluck!
Greg thank you so much
Whoever eats first, eats cheapest.
Thank you for the education!
I loved that, thank you Greg for sharing. Life has been busy and I am unable to keep up with your daily videos, but still appreciate you sharing and I really enjoy little things such as this brief, but very important, video. Happy Monday!
Yep its The Federal Bank wiping out the competition
Similar to the 19th century Italian economist, Vilfredo Pareto, who postulated that nature has an inherent ratio. He is known for the 80:20 ratio in most of nature. He also applied it to economics. So no matter what system, capitalism, communism, monarchy/feudalism, social dictatorships, military regimes etc. the top 20% will have eventually have 80% of asset wealth. So what we are observing today is not really unusual.
TAKE PROFIT DAXshort
Entry @ 17756, yesterday
Exit @ 17677, now
+ 4 %
https://ibb.co/1qdTmVR
What good is school if they would have taught this in first grade
The true purposes of the schools are brainwashing, dumbing down, and enforcing conformity.
And Religion
Greg, thank you for sharing!
John Hudson Aug16th.
What's your take on K street, Washington and the lobbyists there?
PS. have not received your blog these last two days!!!! HELP
Sounds about right
EXACTLY! It's challenging to reach financial independence BUT achievable particularly in the US due to low or no barriers to entry in learning/enhancing a skill to make money or buying "assets" vs other countries . I know based on experience. However, the "system" is making it more difficult for Americans vs ILLEGALS (no apologies! I paid a lot of money to a lawyer to enter/work in the US legally) to access resources paid by earners/taxpayers. Strive to be an OWNER not an earner. Goodluck!
An excellent video to remind us of this phenomenon that too many people ignore.
Even more telling is the fact that the top 0.1% have seen their wealth jump by 1,000% since 1990, while the bottom 50% has lost 25% of their wealth: https://sylvainsaurel.substack.com/p/cantillon-effect-101-the-top-01-have
Cantillion? I’m not Catholic so I’m good!
Thanks for the heads up though 🤣
Thanks! Makes sense. Since money is rarely printed anymore, I assume the ones closest to the Fed, benefit the most?Chase, Citi, WF
Notice your change at the corner store, the bills are crinkled up and old