Social Security, Stocks, Credit, & More…
Berkshire Hathaway now has $99.7 billion in un-deployed cash, the most in the company’s history. VisualCapitalist.com, October 31, 2017
Americans now have the highest credit-card debt in history, hitting $1.021 trillion in June beating the previous record of $1.02 trillion in April of 2008. MarketWatch.com, April 8, 2017
“It’s acceptable to be defeated in battle, but not to be surprised.” Napoleon Bonaparte
In its 82 years, Social Security alone has collected almost $20 trillion and has paid out $17.1 trillion. More than 66 million people received Social Security income in August. MarketWatch.com, Monday October 30, 2017
Only 54% of American households own stocks- both directly and indirectly, down from 62% before the financial crises. More than 93% of equities are owned by the top 20% of households. CNBC.com, November 2, 2017
“The best way to rob a bank is to own one.” William Crawford
The total world’s holding of gold could be transported by a single oil tanker. Gold-Eagle.com, The History of Gold
