¶ Economic Disparity And Dollar Debasement
New York City is about to elect an openly socialist mayor. And I don't blame the people for being pissed. I don't think they have the right reaction, but they are correct to be mad. Here's why. Wealth gap top 10% on 70% of the wealth, up from 60% in 1990. The gap is growing. Top 1% on 50% of the stocks. Next second through 50th percent on 49.5. Bottom 50% on half a percent of the stocks.
Asset ownership, bottom 50%. Bottom half of the country owns$0.3 trillion worth of stock. Top 1% owns$16 trillion worth of stock. 53 to 1 ratio. The big one. The one that makes me the most angry, I'm sure that makes most people angry is right here. Since 2020. The stock market up 45%, real estate up 35%, wages up three and a half to four percent. All that money that they printed during the COVID scam, during the lockdowns.
When they decided who was and was not necessary, it all went into assets. It was the biggest Redistribution of wealth from the poor to the rich in world history. And it continues to this day via inflation, via dollar debasement. The middle class is shrinking. Top ten percent. Their spending power is only growing. And it's all because. of the dollars collapse. Since nineteen seventy one when Nixon took us off the gold standard, it's been nothing but debasement.
And lower spending power per dollar cents. It's not about the tax rates, not about the policies. Not about capitalism. It's about this. And so what are you going to do about this? I think you've got.
¶ Strategies For Asset Ownership
Three options. If you're a wage earner, you have to start becoming an asset owner. There's two ways to do that. One is Start saving. Start spending less than you make and putting those savings into hard assets that benefit from this dollar debasement. Now you might not be able to afford a house right now. You might not be able to afford real estate, but you can afford some gold. They sell it a little bit at a time. You can afford Bitcoin. You can buy one dollar Bitcoin at a time. Stock.
There's zero commission trading with very low minimum deposits where you can get involved and start owning some of the companies that are benefiting from this. Transitioning from spending to buying hard assets, buying productive assets. Number two. There's never been a better time to create wealth and to create the asset that you want to own.
You've got open source AI, global technology. You hold in the palm of your hand access to all of the knowledge mankind has ever had in the history of the world. You hold in the palm of your hand an AI agent that can make sense of it and make it actionable for you. You hold in the palm of your hand a communication tool that can reach anyone in the world in milliseconds. Nothing like this has ever existed.
All you need is a little c curiosity and ingenuity and you can create the asset that everyone else wants to own, that you own, that benefits from this entire phenomenon. And if you're an asset owner Think about the type of asset I want to own, the type of asset I want to create, and therefore own. I want it to be scarce and I want it to be sovereign. I want it to be mine. I want it to be very difficult to confiscate. Inventions and ideas very difficult to confiscate.
Bitcoin, very difficult to confiscate. Gold, pretty difficult to confiscate. Can be done, but pretty difficult. So I like creating and owning things. that I control, that I can hold in my pocket or in my mind. And leveraging those into the future. So that's the game plan. We got a K-shaped economy. It's not going anywhere anytime soon. They're probably coming for your assets. But you have to own assets. It's a tough conundrum. You gotta thread that needle. We're gonna figure it out together.