The amount of wealth created has been literally unimaginable by anyone's comprehension and it's all because of the federal reserve....staggering amounts of wealth created in all sectors and niches of any market you can put your mind to. Just think what the next decade will bring forward. More unimaginable record wealth gains for all .... A Staggering Amount of Wealth Creation https://awealthofcommonsense.com/2024/10/a-staggering-amount-of-wealth-creation/
Many people who are wealthy today via the FED Printing press expanding risk assets are like a monopoly board game player who owns all the major real estate boardwalk blocks and wins the game... But when the game is over and they close the board and put away all the pieces... Poof goes the money... Gone
If he US is going to keep the liquidity hose on 24/7 they should really start a Sovereign Wealth Fund for its citizen that don't have any assets & keep getting fucked by endless persistent inflation. Surely they can just put 10% of the Feb bazooka into a fund that buys the SPY+TLT and distribute it to the non-asset owners periodically. That is what Jack Kemp in the 1990s was pushing for -- an ownership society.
agree it's inflation. a few years ago people wanted the millionaires and billionaires to pay their fair share. Now it's just billionaires
That sounds alot like the UBI funding plan for all of the workers who are going to become displaced by AI.