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Thread: US: Net worth down significantly in one decade.

  1. #1
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    Default US: Net worth down significantly in one decade.

    http://www.nytimes.com/2014/07/27/bu...less.html?_r=2

    At this rate in about two decades, the average US household will be... $0?

    Dun dun duhh!
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  2. #2
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    I assume this correlates with the national debt? Otherwise where did the money go? China?
    You have a couple of photos that are great... you must be very good at photoshop!

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    Debt and I can imagine US companies (stocks).

    Based on the ridiculous amount of money printing (well into the tripling or 300%) the US stock market is only doing slightly better than treading water.
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    The other theory is also sound. Lawyers and bankers have been siphoning off dollars into their own hands.

    With their experience, past a certain $ point the "take the money and run", recinding, renouncing, or simply becoming a citizen of a country that does not have high taxes and then dropping their US affiliation.
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