Federal Reserve: Americans $9 Trillion Richer...

Discussion in 'Politics' started by Sundial, Nov 28, 2011.

  1. Sundial
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    Sundial Class Warrior

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    Than When Obama Took Office:

    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
     
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  2. 1ManRev
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    1ManRev Member

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

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    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?:eusa_eh:
     
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    Last edited: Nov 28, 2011
  4. Moonglow
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    Moonglow Diamond Member

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    does this mean we can finally afford dinner at McDonalds?
     
  5. 8537
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    8537 Senior Member

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    An 18%ish increase? That sounds about right.
     
  6. Contumacious
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    Contumacious Radical Freedom

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    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.

    .
     
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  7. Sundial
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    Sundial Class Warrior

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

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    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.
     
  9. Sundial
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    Sundial Class Warrior

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    If you want to get rid dollars, send them to me.
     
  10. likeabird03
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    likeabird03 Active Member

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    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.
     
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