Federal Reserve: Americans $9 Trillion Richer...

[Sundial]

Than When Obama Took Office:

Title: Total Net Worth - Balance Sheet of Households and Nonprofit Organizations
Series ID: TNWBSHNO
Source: Board of Governors of the Federal Reserve System
Release: Z.1 Flow of Funds Accounts of the United States
Seasonal Adjustment: Not Seasonally Adjusted
Frequency: Quarterly, End of Period
Units: Billions of Dollars
Date Range: 1949-10-01 to 2011-04-01
Last Updated: 2011-10-12 4:16 PM CDT
Notes: This data comes from the Z.1 Flow of Funds release of the Board of
Governors. This series appears in Table B.100. For further information
see the information provided in the guide to the Flow of Funds at
Flow of Funds Guide - Home.

Year______Total Net Worth

2009-01-01 $49523.62 <--- Obama Takes Office
2009-04-01 50625.60
2009-07-01 53360.65
2009-10-01 54239.35
2010-01-01 55465.57
2010-04-01 54203.25
2010-07-01 55360.19
2010-10-01 57788.52
2011-01-01 58873.09
2011-04-01 $58730.14 <---- Most Recent Data

Difference = $9.2 Trillion.

Source: http://research.stlouisfed.org/fred2/data/TNWBSHNO.txt

 

[1ManRev]

I haven't bothered clicking on the link, but does it bother mentioning how much the dollar has declined in value in that timespan?

 

[Trajan]

Than When Obama Took Office:

Title: Total Net Worth - Balance Sheet of Households and Nonprofit Organizations
Series ID: TNWBSHNO
Source: Board of Governors of the Federal Reserve System
Release: Z.1 Flow of Funds Accounts of the United States
Seasonal Adjustment: Not Seasonally Adjusted
Frequency: Quarterly, End of Period
Units: Billions of Dollars
Date Range: 1949-10-01 to 2011-04-01
Last Updated: 2011-10-12 4:16 PM CDT
Notes: This data comes from the Z.1 Flow of Funds release of the Board of
Governors. This series appears in Table B.100. For further information
see the information provided in the guide to the Flow of Funds at
Flow of Funds Guide - Home.

Year______Total Net Worth

2009-01-01 $49523.62 <--- Obama Takes Office
2009-04-01 50625.60
2009-07-01 53360.65
2009-10-01 54239.35
2010-01-01 55465.57
2010-04-01 54203.25
2010-07-01 55360.19
2010-10-01 57788.52
2011-01-01 58873.09
2011-04-01 $58730.14 <---- Most Recent Data

Difference = $9.2 Trillion.

Source: http://research.stlouisfed.org/fred2/data/TNWBSHNO.txt

so, this apparently has no calculation for net liabilities etc...because I cannot see how the public is nine trillion richer.


how did they calculate this figure, exactly?

and of course that begs the question, then what are the 99% squawking about?

 

[Moonglow]

does this mean we can finally afford dinner at McDonalds?

 

[8537]

An 18%ish increase? That sounds about right.

 

[Contumacious]

Federal Reserve: Americans $9 Trillion Richer...

That ONLY tells me that the fuckers have been busy PRINTING MONEY>

That figure would be significant If we still had REAL DOLLARS REDEEMABLE IN GOLD AND SILVER.

The Federal Reserve Notes are nothing more than counterfeit money.

.

 

[Sundial]

I haven't bothered clicking on the link, but does it bother mentioning how much the dollar has declined in value in that timespan?

You can find inflation statistics on the same site, under "consumer price index". Inflation has been low to nonexistent in the last few years.

 

[Sundial]

Than When Obama Took Office:

Title: Total Net Worth - Balance Sheet of Households and Nonprofit Organizations
Series ID: TNWBSHNO
Source: Board of Governors of the Federal Reserve System
Release: Z.1 Flow of Funds Accounts of the United States
Seasonal Adjustment: Not Seasonally Adjusted
Frequency: Quarterly, End of Period
Units: Billions of Dollars
Date Range: 1949-10-01 to 2011-04-01
Last Updated: 2011-10-12 4:16 PM CDT
Notes: This data comes from the Z.1 Flow of Funds release of the Board of
Governors. This series appears in Table B.100. For further information
see the information provided in the guide to the Flow of Funds at
Flow of Funds Guide - Home.

Year______Total Net Worth

2009-01-01 $49523.62 <--- Obama Takes Office
2009-04-01 50625.60
2009-07-01 53360.65
2009-10-01 54239.35
2010-01-01 55465.57
2010-04-01 54203.25
2010-07-01 55360.19
2010-10-01 57788.52
2011-01-01 58873.09
2011-04-01 $58730.14 <---- Most Recent Data

Difference = $9.2 Trillion.

Source: http://research.stlouisfed.org/fred2/data/TNWBSHNO.txt

so, this apparently has no calculation for net liabilities etc...because I cannot see how the public is nine trillion richer.


how did they calculate this figure, exactly?

and of course that begs the question, then what are the 99% squawking about?

The calculations are net, not gross. Americans have been paying down debt over the last few years.

You can find a wealth of information by clicking the first link, or google FRED.

Probably about the disproportionate share of wealth that goes to the rich.

 

[Sundial]

Federal Reserve: Americans $9 Trillion Richer...

That ONLY tells me that the fuckers have been busy PRINTING MONEY>

That figure would be significant If we still had REAL DOLLARS REDEEMABLE IN GOLD AND SILVER.

The Federal Reserve Notes are nothing more than counterfeit money.

.

If you want to get rid dollars, send them to me.

 

[likeabird03]

I'll tell you why that is-

The stock market has increased about 80% - and you know who that mostly benefits.

They've been priting money. A large amount of personal debts have been charged off. The Value of that dollar has fallen about 20% since then.

Real household wealth has not increased; wages, home values, etc.

 

[Chris]

We have been in a recovery for the last two years.

The stock market has doubled, and GDP is growing.

Unemployment will slowly go down.

This is what happens when Wall Street destroys the world economy with a $516 trillion dollar derivatives Ponzi scheme.

 

[likeabird03]

We have been in a recovery for the last two years.

The stock market has doubled, and GDP is growing.

Unemployment will slowly go down.

This is what happens when Wall Street destroys the world economy with a $516 trillion dollar derivatives Ponzi scheme.

The Stock market is what fed that 9 trillion dollar increase. So despite how much you hate Wall St - that's where most of that fake growth you point to came from.

And before you say it wasn't just the stock market-

Payrolls: DOWN SINCE JAN 09.

Wages: DOWN SINCE JAN 09.

HOME VALUES (American families biggest asset): DOWN SINCE JAN 09.

 

[Intense]

Than When Obama Took Office:

Title: Total Net Worth - Balance Sheet of Households and Nonprofit Organizations
Series ID: TNWBSHNO
Source: Board of Governors of the Federal Reserve System
Release: Z.1 Flow of Funds Accounts of the United States
Seasonal Adjustment: Not Seasonally Adjusted
Frequency: Quarterly, End of Period
Units: Billions of Dollars
Date Range: 1949-10-01 to 2011-04-01
Last Updated: 2011-10-12 4:16 PM CDT
Notes: This data comes from the Z.1 Flow of Funds release of the Board of
Governors. This series appears in Table B.100. For further information
see the information provided in the guide to the Flow of Funds at
Flow of Funds Guide - Home.

Year______Total Net Worth

2009-01-01 $49523.62 <--- Obama Takes Office
2009-04-01 50625.60
2009-07-01 53360.65
2009-10-01 54239.35
2010-01-01 55465.57
2010-04-01 54203.25
2010-07-01 55360.19
2010-10-01 57788.52
2011-01-01 58873.09
2011-04-01 $58730.14 <---- Most Recent Data

Difference = $9.2 Trillion.

Source: http://research.stlouisfed.org/fred2/data/TNWBSHNO.txt

So you are good with Auditing the Federal Reserve, and opening up the books, right? Or are you still playing "Hide the Salami"?

Just click your heals together 3 times, right? Are we back in Kansas yet?

 

[Chris]

We have been in a recovery for the last two years.

The stock market has doubled, and GDP is growing.

Unemployment will slowly go down.

This is what happens when Wall Street destroys the world economy with a $516 trillion dollar derivatives Ponzi scheme.

The Stock market is what fed that 9 trillion dollar increase. So despite how much you hate Wall St - that's where most of that fake growth you point to came from.

And before you say it wasn't just the stock market-

Payrolls: DOWN SINCE JAN 09.

Wages: DOWN SINCE JAN 09.

HOME VALUES (American families biggest asset): DOWN SINCE JAN 09.

Nothing fake about it.

The truth hurts doesn't it.

 

[Intense]

We have been in a recovery for the last two years.

The stock market has doubled, and GDP is growing.

Unemployment will slowly go down.

This is what happens when Wall Street destroys the world economy with a $516 trillion dollar derivatives Ponzi scheme.

Or the Totalitarians try to crash the whole system, so they can redraw the lines anyway they want. Hey, the more you inflate the money, the easier you can pay back what you owe. Good Scheme there Sparky.

 

[The Rabbi]

We have been in a recovery for the last two years.

The stock market has doubled, and GDP is growing.

Unemployment will slowly go down.

This is what happens when Wall Street destroys the world economy with a $516 trillion dollar derivatives Ponzi scheme.

Two percent GDP growth and 9+% unemployment is not a recovery, sunshine.

 

[Chris]

We have been in a recovery for the last two years.

The stock market has doubled, and GDP is growing.

Unemployment will slowly go down.

This is what happens when Wall Street destroys the world economy with a $516 trillion dollar derivatives Ponzi scheme.

Two percent GDP growth and 9+% unemployment is not a recovery, sunshine.

Actually it is.

And it is going to get better.

It takes time to recover from a complete meltdown.

 

[likeabird03]

We have been in a recovery for the last two years.

The stock market has doubled, and GDP is growing.

Unemployment will slowly go down.

This is what happens when Wall Street destroys the world economy with a $516 trillion dollar derivatives Ponzi scheme.

The Stock market is what fed that 9 trillion dollar increase. So despite how much you hate Wall St - that's where most of that fake growth you point to came from.

And before you say it wasn't just the stock market-

Payrolls: DOWN SINCE JAN 09.

Wages: DOWN SINCE JAN 09.

HOME VALUES (American families biggest asset): DOWN SINCE JAN 09.

Nothing fake about it.

The truth hurts doesn't it.

I'm sure the truth doesn't hurt you since you're completely blind to it. I think it's a little ridiculous that you can point to stock-market fed wealth numbers and then spew your anti-wall st rhetoric in the same paragraph though. Another example of the hypocrisy of the left.

 

[grunt11b]

Than When Obama Took Office:

Title: Total Net Worth - Balance Sheet of Households and Nonprofit Organizations
Series ID: TNWBSHNO
Source: Board of Governors of the Federal Reserve System
Release: Z.1 Flow of Funds Accounts of the United States
Seasonal Adjustment: Not Seasonally Adjusted
Frequency: Quarterly, End of Period
Units: Billions of Dollars
Date Range: 1949-10-01 to 2011-04-01
Last Updated: 2011-10-12 4:16 PM CDT
Notes: This data comes from the Z.1 Flow of Funds release of the Board of
Governors. This series appears in Table B.100. For further information
see the information provided in the guide to the Flow of Funds at
Flow of Funds Guide - Home.

Year______Total Net Worth

2009-01-01 $49523.62 <--- Obama Takes Office
2009-04-01 50625.60
2009-07-01 53360.65
2009-10-01 54239.35
2010-01-01 55465.57
2010-04-01 54203.25
2010-07-01 55360.19
2010-10-01 57788.52
2011-01-01 58873.09
2011-04-01 $58730.14 <---- Most Recent Data

Difference = $9.2 Trillion.

Source: http://research.stlouisfed.org/fred2/data/TNWBSHNO.txt

I have ocean front property in Arizona also.

 

[Chris]

The Stock market is what fed that 9 trillion dollar increase. So despite how much you hate Wall St - that's where most of that fake growth you point to came from.

And before you say it wasn't just the stock market-

Payrolls: DOWN SINCE JAN 09.

Wages: DOWN SINCE JAN 09.

HOME VALUES (American families biggest asset): DOWN SINCE JAN 09.

Nothing fake about it.

The truth hurts doesn't it.

I'm sure the truth doesn't hurt you since you're completely blind to it. I think it's a little ridiculous that you can point to stock-market fed wealth numbers and then spew your anti-wall st rhetoric in the same paragraph though. Another example of the hypocrisy of the left.

You can't handle the truth, so you resort to a personal attack.

It's what people do, when they have lost an argument.