Our Hearts Bleed for the 1%
The dollar is crashing. Yup imports will cost more but exports are more attractive.
Gold seems to be going through a rough patch, too. If that safe haven has become shaky then the 1% is definitely in trouble. Not much yet but the trend is in the wrong direction. Are we going to see more advertising for gold on late night TV?
The yield on Federal securities has been on the upward march. But the yields aren't as high as they were before 'he who can't be blamed' left the White House.
Even Bitcoin has become shaky. Do those mining rigs need to upgrade to Windows 11?
The well healed gamblers don't seem to know if they're selling or buying. And there's no safe place to hide.
It's so unfair when a President turns traitor on the 1%. You'd think the rich were being expected to work or something.
Where, oh where, has all the free money gone? Better stock up on Lava soap; looks like we'll need it. And it's made in the USA to boot.
As always and to no surprise it flowed uphill.
The 1% would toss us all to the iguanas in heartbeat. And we're supposed to feel sorry for them?
(BTW, iguanas are veggie-sauruses. Iguanas like fruits, nuts, and leafy greens. That's pretty much everything on the progressive lefts' menu. Maybe nature has a liberal bias, after all. Yum, yum ...)
Who is it that you think feels sorry for the one percent ?
Not to cloud the issue with facts, but 58% of American households are invested in the stock market.
A stock market crash (a real crash) if it were to occur would adversely affect so many millions more than the top 1% - a lot of pension plans would go belly up, retired people depending on pensions and 401(k) plans ntil they reach social security eligibility (if it is still available) would be crushed.
While the true 1% would be fine because they have wealth in different mediums, in different countries etc
The top 10% owns 70 percent of the value on the stock market. The top 1% owns 50 percent of stocks.
Are we supposed to believe that people working 2 or 3 jobs are buying stock? Are we supposed to believe that people who can't afford to pay their student loans are buying stock?
Immigrants are not entering the country illegally to buy stock. And their labor is being exploited by those who can afford to buy stock.
Are we supposed to believe that people working 2 or 3 jobs are buying stock? Are we supposed to believe that people who can't afford to pay their student loans are buying stock?
Of course not - but many of those you cite are depending on the stock market to insure that the companies that they work for continue to exist, or that the meager 401(k) plans they have continue to maintain some value
Your black or white approach to this problem is very narrow-minded and short-sighted