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Millions Upon Millions of Americans Have “Negative” Wealth

 Millions Upon Millions of Americans Have “Negative” Wealth

Millions Upon Millions of Americans Have “Negative” Wealth

Posted with permission and written by Rory Hall, The Daily Coin

 

 

While 3 Americans possess more wealth than 50% of the combined poorest, we now learn that 20% of ALL Americans have zero or negative wealth. I presume by having “negative wealth” they have lived beyond their means for so long their debt burden is all they have to show for their life – very sad that people allow themselves to be put in that position.

 

Doomsday Preppers Are Switching Allegiance From Gold To Bitcoin

Doomsday Preppers Are Switching Allegiance From Gold To Bitcoin

The gold versus Bitcoin debate is complex, nuanced and still in its embryonic stages when put into the perspective of gold’s known 2,700-year use as money versus Bitcoin’s very modest eight-year track record.

From a pure investment perspective, as the following Bloomberg chart shows, Bitcoin has obviously “wiped the floor” with its esteemed rival and, no doubt, has absorbed a considerable volume of funds that otherwise might have found their way into gold investments.

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