by Richard (Rick) Mills, Ahead of the Herd:
As a general rule, the most successful man in life is the man who has the best information
Californication is a brilliant 1999 song by the Red Hot Chili Peppers. Many of the lyrics reference the often insane, unrealistic, impossible dream images Hollywood sells to the world.
“Space may be the final frontier but it’s made in a Hollywood basement.”
Quantifornication is the term I coined for what the Federal Reserve is selling to the world – the unrealistic, insane fiat dream that the monetary policy employed by the Fed can fix the predicament we are in.
In the movie the Matrix, Neo is given a choice by Morpheus, if he takes the blue pill he will return to sleep unaware of the truth, if he takes the red pill he will wake from the dream and become aware of the illusion, created by the AI entity, and fed to the humans in their pod dream world.
The Blue Pill
The middle class has shrunk to just under half the US population for the first time in decades, with more of the population shifting to the extremes both above and below the middle.
Allianz’s Global Wealth Report 2015 dubs the U.S. the ‘Unequal States of America’ because the U.S.’s wealth inequality is even more gaping its income inequality.
Allianz calculated each country’s wealth Gini coefficient — a measure of inequality in which 0 is perfect equality and 100 would mean perfect inequality, or one person owning all the wealth. It found that the U.S. had the most wealth inequality, with a score of 80.56, showing the most concentration of overall wealth in the hands of the proportionately fewest people.
When the Organization for Economic Cooperation and Development (OECD) examined income inequality, it found that the U.S. has the fourth highest income Gini coefficient — 0.40 — after Turkey, Mexico, and Chile.
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