AgWeb Farm Journal Legacy Project Top Producer Dairy Today Beef Today Pro Farmer Ag Day TV US Farm Report MyMachinery.com Ultimate Farm Quest
+ Reply to Thread
Results 1 to 10 of 10
  1. #1
    Senior Member db51 is on a distinguished road
    Join Date
    Nov 2007
    Posts
    9,021

    71% of Household Net Worth is in Financial Assets

    Another quarter down, and another $3 trillion in net worth added. On the surface, the increase in household net worth to a record $80.7 trillion is good news. The problem is that with $2.5 trillion of thie $3 trillion purely thanks to an increase in financial assets, which as has been made quite clear over the past several years, benefit only the 1%, what the lede should say is "another quarter down, another $3 trillion added to the net worth of America's richest." Put another way: of the $94.4 trillion in total assets (gross, not excluding $13.8 trillion in household liabilities), a record 71% or $66.9 trillion, is in financial products. And now you know why the Fed can not possibly allow any hiccups on the road to trickle down Fed balance sheet nirvana. If only for the 1%.


    Or, put another way, invested in worthless paper inflated to 10 x it's actual value.

  2. #2
    Senior Member Tom In Ont is on a distinguished road
    Join Date
    Oct 2007
    Posts
    1,471
    DB. that's why the elitists have to prop up the elitists in order to justify golden parachutes and retirement packages worth millions of dollars. Kay Bailey Hutchinson was on TV the other night on a oil rich board of directors espousing her BS. on how America should be proceeding in that foray , she being a ex gov't mouth piece and advocate to enshrine her own retirement fund/directors fees.

  3. #3
    Junior Member bartming is on a distinguished road bartming's Avatar
    Join Date
    Nov 2012
    Posts
    7
    All I experienced are financial liabilities. I change my lifestyle and learn to save up money. Watching savings account balances decrease could be a frustrating experience. Taking just a few additional minutes every couple of days, though, can help you save quite a bit of cash.
    Last edited by bartming; 03-21-2014 at 03:42 AM.

  4. #4
    Junior Member ALAN12 is on a distinguished road
    Join Date
    Mar 2014
    Posts
    13
    Quote Originally Posted by db51 View Post
    Another quarter down, and another $3 trillion in net worth added. On the surface, the increase in household net worth to a record $80.7 trillion is good news. The problem is that with $2.5 trillion of thie $3 trillion purely thanks to an increase in financial assets, which as has been made quite clear over the past several years, benefit only the 1%, what the lede should say is "another quarter down, another $3 trillion added to the net worth of America's richest." Put another way: of the $94.4 trillion in total assets (gross, not excluding $13.8 trillion in household liabilities), a record 71% or $66.9 trillion, is in financial products. And now you know why the Fed can not possibly allow any hiccups on the road to trickle down Fed balance sheet nirvana. If only for the 1%.


    Or, put another way, invested in worthless paper inflated to 10 x it's actual value.
    What's your solution? Take from the rich ? be careful what you wish for because on a world scale most of us that are in the U.S. are very wealthy by thinking globally

  5. #5
    Senior Member H. Bell is on a distinguished road
    Join Date
    Apr 2011
    Posts
    469
    Anyone with an IRA/401K or other pension fund, probably has stocks or bonds or other paper in them. By inflating the market all those felt richer, even though the dollars bought less. But those people were much better off than those just putting their hard earned salary in a saving account and watching it's value buy less.

    Even if you don't want to admit it, we farm owners are part of the 1%. Most of us has borrowed money to get on the inflation band wagon,. Leverage, leverage, leverage.

  6. #6
    Senior Member joe_alzado is on a distinguished road
    Join Date
    Aug 2010
    Posts
    2,583
    Several basis factors need to be recognized, wages in the US are now totally out of balance, to recognizing a large part of the work force is paid a slave wage salary.. its that, it will take fifty years for wages to double now, in comparison of the increase of the stock markets value in the past. when it noted, that cheap wages, translates into stock market profits.
    slave wages is balanced against stock markets gains, made possible. or the stock markets gains are on the backs of slaves....

    the US should have GOTTEN OUT of DEBT THE LAST FIFTY YEARS, NOT INTO DEBT.
    YET IN THE LAST FIFTY YEARS THE WEALTH OF THE UNITED STATES HAS BEEN CONCENTRATED INTO THE HANDS OF A FEW..

    AND, THAT IS WHAT IS ALL WRONG WITH THE SENERIO OF TODAY, THE US HAS BEEN MADE ANOTHER EUROPE OUR FORE FATEHRS FLED FROM, IT IS MADE TODAY..

    those that don't know history, are doomed to repeat it..

    finally, wealth, is state of mind, more so a superstition, that a fact or reality..

    the stock markets can disappear, and they will, its all a pyramid scam.
    the value of land can all disappear, in mind of dollar value...
    yet humans will have to eat, and exist, yet nobody is OBLIGATED to feed the people with it all implodes, and that where the real games of existence begin...
    Last edited by joe_alzado; 03-22-2014 at 05:22 AM.

  7. #7
    Senior Member H. Bell is on a distinguished road
    Join Date
    Apr 2011
    Posts
    469
    The people working for wages in this country are not slaves. They can educate themselves and leave anytime. there still are opportunities to move up in the work force in this country.

  8. #8
    Senior Member 48 is on a distinguished road
    Join Date
    Oct 2007
    Location
    NW KS
    Posts
    18,921
    Quote Originally Posted by joe_alzado View Post
    Several basis factors need to be recognized, wages in the US are now totally out of balance, to recognizing a large part of the work force is paid a slave wage salary.. its that, it will take fifty years for wages to double now, in comparison of the increase of the stock markets value in the past. when it noted, that cheap wages, translates into stock market profits.
    slave wages is balanced against stock markets gains, made possible. or the stock markets gains are on the backs of slaves....

    the US should have GOTTEN OUT of DEBT THE LAST FIFTY YEARS, NOT INTO DEBT.
    YET IN THE LAST FIFTY YEARS THE WEALTH OF THE UNITED STATES HAS BEEN CONCENTRATED INTO THE HANDS OF A FEW..

    AND, THAT IS WHAT IS ALL WRONG WITH THE SENERIO OF TODAY, THE US HAS BEEN MADE ANOTHER EUROPE OUR FORE FATEHRS FLED FROM, IT IS MADE TODAY..

    those that don't know history, are doomed to repeat it..

    finally, wealth, is state of mind, more so a superstition, that a fact or reality..

    the stock markets can disappear, and they will, its all a pyramid scam.
    the value of land can all disappear, in mind of dollar value...
    yet humans will have to eat, and exist, yet nobody is OBLIGATED to feed the people with it all implodes, and that where the real games of existence begin...
    ------------------------

    The price of land can deflate, but the land does not disappear. When you have land, you have some thing as opposed to paper assets which can disappear into the ether.

    Farming is a game. The object of the game is have free and clear land when you retire. If you're a renter, you're just going to have wore out machinery and...NOTHING to show for a life time of work.

    In 1991 in my jungle pasture was 250/a, dryland=500/a, and irr=800-1000. I paid 1100/a for irr, and all my neighbors told me that I was crazy. Today, it's worth 6000/a, dryland=3000/a, pasture=1500/a.
    Last edited by 48; 03-24-2014 at 10:23 PM.

  9. #9
    Senior Member iadave is on a distinguished road
    Join Date
    Dec 2008
    Posts
    2,520
    Yep, and when yo get it paid for you will still be paying the government rent( taxes) on it. Eventually they will raise taxes enough to where the land won't produce enough to pay them. Every time the taxes go up the value of the land will go down
    speeding the ownership of the land by the government. The money to support all those non- working voters has to come from some where!

  10. #10
    Senior Member 420 is on a distinguished road
    Join Date
    Aug 2010
    Posts
    1,526
    Quote Originally Posted by iadave View Post
    Yep, and when yo get it paid for you will still be paying the government rent( taxes) on it. Eventually they will raise taxes enough to where the land won't produce enough to pay them. Every time the taxes go up the value of the land will go down
    speeding the ownership of the land by the government. The money to support all those non- working voters has to come from some where!
    How about the money we send to you? Am I supposed to be happy to support you and not others?
    LOL JHF ETC
    A Conservative at the ballot box-a Liberal at the mail box

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
AgWeb Farm Journal Legacy Project Top Producer Dairy Today Beef Today Pro Farmer Ag Day TV US Farm Report MyMachinery.com Ultimate Farm Quest