Socialist France, Sweden Wealthier than US

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Sep 29, 2005
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At least according to Credit Suisse

Wealth%20per%20adult.jpg


US Drops From First To Seventh In Average Wealth Per Adult, Behind Singapore, Sweden, And... France | zero hedge

I'm a little skeptical of this - Australia rising 211% in 10 years? Really? - but it is interesting nonetheless.
 
Not that there is any doubt about it..but..when was the last time France saved anyone from ethnic cleansing. They had a perfect opportunity in the Balkans. And Swizterland? They helped Iranians deal with a massive earthquake, when? And I am not talking about throwing money at it..boots on the ground. How about Thailand? India?

The United States does an awful lot of good around the globe. It ain't cheap.
 
The "wealth" could remain stagnate, and the population could drop, allowing the amount of wealth per capita to rise.

Perhaps the inverse ratio, population/GDP would be more meaningful?
 
When you get a weird internal, like the Australia number, you sort of wonder.

but we have had a very very bad couple of years.
 
I suspect if you look at AU thier currency has prob risen vs dollar. This is the first I've seen of a chart like this. Thanks for posting.
I did think ours was below $230,000 obviously it includes home equity.
 
The "wealth" could remain stagnate, and the population could drop, allowing the amount of wealth per capita to rise.

Perhaps the inverse ratio, population/GDP would be more meaningful?

There are many factors that skew this..but quality of life is pretty good in those countries. Probably better then in the US in some cases.
 
France's per capita income is only about 2/3 of ours. They are some saving mofo's to have more wealth than we do.
 
At least according to Credit Suisse

Wealth%20per%20adult.jpg


US Drops From First To Seventh In Average Wealth Per Adult, Behind Singapore, Sweden, And... France | zero hedge

I'm a little skeptical of this - Australia rising 211% in 10 years? Really? - but it is interesting nonetheless.

I am having trouble trying to figure out how they determined relative wealth....ex; I own a home, or that is 40% of one, many more folks in the US own on a comparative basis than Europeans who rent more 65 -35..(?) if I recall...(despite the bubble etc.), tax burdens in say, Sweden are huge etc....
 
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Basically I think it means...... how much cash can you have on hand in X period of time.
If not, it's nothing more than statistical bullshit from another incompetent "economist"
If those numbers are true, and it all comes crashing down via WW3 or some other clusterfuck, people won't last for more than a decade.
Hey. That's what "they" want.
[ame]http://www.youtube.com/watch?v=-USBUSwLT1U[/ame]
 
Hillarious

Wealth is Assets minus liabilities
so retirement accounts, stocks, cash, plus home equity
 
My guess is much of this is due to the collapse of the dollar.

and housing. I am fairly certain that global RE prices are well above their 2000 levels. The housing boom in the US didn't even begin until 2003.

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Does this mean that you support such things as Switzerland's lower corporate tax rates or the much less regulated Swiss bank sector?

The Swiss franc has historically been considered a safe haven currency with virtually zero inflation and a legal requirement that a minimum of 40% be backed by gold reserves.[8] However, this link to gold, which dates from the 1920s, was terminated on 1 May 2000 following a referendum.[9] By March 2005, following a gold selling program, the Swiss National Bank held 1,290 tonnes of gold in reserves which equated to 20% of its assets.[10]

a 20% gold reserve backing ain't shabby.
 

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