US Drops From First To Seventh In Average Wealth Per Adult, Behind Singapore, Sweden, And… France

Tyler Durden's picture Submitted by Tyler Durden on 10/11/2010 16:00 -0500

Credit SuisseFranceNorwaySwitzerland

As if we needed more warnings that the US is rapidly losing its position as the world’s superpower and wealth aggregator, is the following chart from Credit Suisse, which ranks the top 10 countries in the world in terms of average wealth per adult. While the US was #1 10 years ago, due to an abysmal growth rate of only 23%, by far the lowest of all the ranked countries, the US has now dropped from first to seventh, falling behind such countries as Sweden and France. At the top – such perennially voted “top places to live” as Switzerland and Norway. Hopefully the US can fix its ever-expanding black hole of problems soon, as once the wealthiest decide they have had it here and move away, look for this number to drop ever faster until the US drops out of the ranking altogether.

h/t Nicolas

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by NOTW777
on Mon, 10/11/2010 – 16:03
#641702

hope and change in obama nation;

poverty

decline

Four actually socialist countries > USA. This is what happens when private ransacking of public money is cast as “socialism”. This is also what happens when white people vote for charismatic black guys because it makes them feel good. To borrow a phrase from this fellow, we have to stop being hoodwinked by the political establishment on both sides.

So the abismal job grow of the past decade is because of Obama.

Funny. I thought Obama took office in 2009, not 2001.

Here is the song.

Maybe a little cannabis sativa, EtOH, or salvia divinorum before you listen…

Our last 4 presidents have done this. however, look no further than Dodd and Franks (fag) for our current situation. Bush Jr. told his Democratic Congress that housing was in a bubble. Franks was too busy smoking pole to listen….

Armando Falcon.

Systemic Risk, Bwaney & Schumer.

Obama voted present…again…surprise surprise surprise.

I don’t recall Bush the Younger talking about a housing bubble. I remember him talking about the “ownership society”.

What’s more, the Democrats didn’t gain control of Congress until january 2007, after the housing bubble already popped.

C’mon, G.

Clinton had Rubin the Vizier whispering stupid nothings in his ear the whole time and Dems have been more than snuggled up with the banksters since Garn-St.Germain opened the ARM floodgates that gave us a preview of this clusterf*** in the 80s. All but 8 senators (Boxer, Feingold, Dornan,…) passed the repeal of Glass-Steagall; those other 92 weren’t all Pugs.

You think Schumer and Donk don’t play golf with these scheister motherf***ers?

The Bush administration lobbied Congress to reign in the excesses of Fannie and Freddie years before that. Democrats in Congress and the usual RINO’s stalled all such efforts. It’s not because you personally don’t recall hearing it come out of Bush’s mouth that there were not clearly drawn sides on the matter before the pop arrived. There were. Barney Frank and Chris Dodd and company have a lot to do with the excesses Fannie and Freddie were allowed to undertake, to the great profit of its executives and insiders, to as yet uncounted cost to the taxpayers and to the Republic itself.

I believe the point was that the 2 party symbiotic system has left voters with choosing between bad and worse…neither really a good choice. The best move of the voter would be to break the 2 party system, impose term limits and make insider trading illegal for members of congress. that would be a nice start anyway.

PANAFRICAN.Please explain how Palin Mccain would have done better. This cancer is more than two years old.

Easy. We would all be ashes by now from nuke holocaust and not have to worry about it.

They were using the wrong method. Should they use our Mark-To-Mirage / Mark-To-Maturity / Mark Debt As Wealth or any similar accounting we’d be #1 by a light-year.

You’re joking. Right???

I didn’t see any sarcasm off alert…

I agree that there is no difference between the Dems and Rethugs, but..

you are joking.

You have it exactly right, America is not Capitalist or Socialist, it is a Crony Capitalist State (aka Banana Republic, only with more wealth).

Ironically it would be better for the American people if we were either Socialist or Capitalist (i prefer Capitalist) but instead we have Crony Capitalism with a dash of Socialism which in my mind is the worst fucking system of them all!!!!

Couldn’t agree more.

Who did this :

The Share of USA Income gains Going to the Top 1 Percent at Highest Level Since 1920.

1923 to 1929 was 70% to the Richest

1960 to 1969 was 11% to the Richest

1976 to 1979 was 33% to the Richest

1982 to 1989 was 41% to the Richest

1992 to 2000 was 42% to the Richest

2002 to 2007 was 62% to the Richest

…………………………………………………

The Share of USA Income gains Going to the Bottom 90 Percent at the Lowest Level Since 1920.

1923 to 1929 was 18% to the Poorest

1960 to 1969 was 62% to the Poorest

1976 to 1979 was 43% to the Poorest

1982 to 1989 was 22% to the Poorest

1992 to 2000 was 29% to the Poorest

2002 to 2007 was 12% to the Poorest

………………………………………………………..

Check out the drop off starting on 2002. Reality Hurts. But hey, we made millionaires billionaires.

And CEO’s are richer than ever selling shares as the CBs and the FED pomotize them.

So since the ranking was based on the Average wealth per adult it is even worse than it appears. I wonder what the chart would look like if it was based on median wealth. I suspect that we would rank much lower.

The real problem with this data is that it was much higher before the Depression of 1929 than it is now. Dow 11,000 ???

Funny how when the populists start ranting about the rich, they tend to go into hiding and then it is the “poorest” who suffer the most.

The main problem is all the jobs have moved out of the country, and what was left has been on a large percentage absorbed by illegals. I guess when enough people are eating out of trash cans we might wake up. Until we return actual production , things will just continue to decline..

But wait, if we import more illiterate, third world peasants that will make us richer….right?

Is this a tally of assets people actually own right now or are they rolling in the present value of a bunch of government benefits too?

And how do you determine with any real accuracy the wealth of a given Italian adult anyway?

The USA is still number one, they just measured it wrong.

First, you have to define “adult” which varies by country. The USA, for instance, provides childhood up until age 30, at least for obamacare. Since the EU did this analysis, they must not understand this relevant point. If you account for all the bottle sucking 30-year-olds, the number of adults should decrease, thus causing the available wealth per adult to increase.

Everyone defines “birth” differently too which is why international infant mortality rate comparisons are meaningless. In the US you are “born” pretty much the second you come out. In different countries in Europe they don’t start the clock for days, weeks, sometimes months – and if a baby dies before then it’s not counted.

The USA is still number one, they just measured it wrong.

You are absolutely correct:

Obesity (most recent) by country

http://www.nationmaster.com/graph/hea_obe-health-obesity

#1 United States: 30.6% #2 Mexico: 24.2% #3 United Kingdom: 23% #4 Slovakia: 22.4% #5 Greece: 21.9% #6 Australia: 21.7% #7 New Zealand: 20.9% #8 Hungary: 18.8% #9 Luxembourg: 18.4% #10 Czech Republic:

14.8%

We’re still #1 even with 1 in 8 of us on food stamps! U-S-A! U-S-A!

Mexico is the second fattest country on Earth? How poor do you have to be exactly to not be able to afford to be fat?

Even Hungary made the obesity top 10. Now that is a giant step for mankind.

Mercury,

Not all obesity is due to uncontrolled eating and laziness. Much of it is due to an underlying health issue. Many people are afflicted with type 2 hypothyroidism. The thyroid makes enough hormone to show a normal blood test reading, however, the body’s cells are unable to utilize the hormone normally. The result is a person who has symptoms of hypothyroidism but has a normal blood test. Few doctors bother to look beyond the standard blood test. http://www.21centurymed.com/?page_id=12

I’ve been dealing with this for about 15 years. I’m hoping to find a doctor who will treatment for hypothyroid. I’m not living in the USA…..I’m seriously thinking about coughing up the money to go to the clinic.

Well best of luck with that but the thyroid can’t make fat out of thin air and at some level obesity (not individual but widespread in a population) is a side effect of affluence, abundant food or both. I understand that some populations/ethnic groups have greater predispositions to these kinds of things but I’m pretty sure that the sudden generational shift toward obesity (in America for sure) is the direct result of eating too damn much.

Actually Samoa is #1 for obesity at 75%.

How about adjusted for currency changes?

When you can’t (or won’t) control the influx of Third World peasantry into the country, what would you expect?

That’s right, blame the Mexicans. Cast no aspersions towards the people in power who are the actual cause.

Lots of other impoverished people moved to the US before, including most of the population of Ireland, yet the US only got richer during those times. Why? Because the US government was only 2% of GDP!

Uh, yes and no. True the government was smaller in relation to GDP, but there was also a lack of hyphenated Americans. Regardless of background, everyone at least tried to pull together, and notwithstanding the occasional culture-on-culture dogpile, they rallied around a national language, and a national identity. Not so today, and with the gubmint interfering, they are attempting to make our individual identities more pronounced by worshiping diversity and multiculturalism.

In any case, that same government has refused to enforce any semblance of a border, to its detriment.

there was also a lack of hyphenated Americans

In the late 19th and first half of the 20th century a number of ethic social clubs thrived in my small Western Pennsylvnia town: Jednota (Slovak), Johnny Bull (English), Germania , and Belgian Club. Up the road a bit was the Italia and the Kosciuszko Club. Apparently any available bar stool suited the Irish.

Damn straight, no need to start any shit as long as the drinks are pouring for us mick’s, unless the italians start it….it’s just an instinctual dislike between us I think.

I think not! We LOVE their women!

The late 19th and early 20th century, life for the populace of all races was nothing like as comfrortable as we believe to be our right today. The Irish and Italians worked in the skilled trades like Mexicans (the only analogy that compares well today). The infrastruture and technology that they grunted out their lives to put in place has elevated our expectations.

Went ~300 miles this weekend for a visit with a brother-in-law; football game-Yes. The most interesting part was the Chicago Marathon. 54,000 absolutely clogging Michigan Avenue which we were trying to cross on foot in going church, and the Modern Art Museum

Non of this would have been possible in my grandparents time.

Somewhere, I have seen a picture of the couch that John D. Rockefeller slept on at his office, which he did much of the time when he was building Standard Oil. Didn’t look much like the bed I slept in last night.

We, the people, are going to have to have an attitude adjustment.

Who’s blaming Mexicans?

No one mentioned them in their posts except you.

btw, illegals come from all corners of the globe as anyone in California or NYC can tell you.

Here in California, many illegals come from Central America (currently Guatamala in particular), South America, Asia (China and Vietnam), among other nations.

~Misstrial

And the 30,000 some-odd Irish in the country who have overstayed their visas.

Pardon me for not mentioning every single nationality that homedude above would include in the umbrella term “third world peasantry”. Mexicans are the largest and most visible immigrant group, but where they are from is not material to my argument.

The only thing that matters is that they are getting “our” welfare benefits, and otherwise draining “our” treasury. No-one ever questions the welfare benefits, only the people taking advantage of them. I say we blame the people who actually created this mess! I don’t give a shit about any Mexican or any other nationality. Kill em, deport em, leave em, I don’t really care. Just don’t blame them for a problem that isn’t of their making.

Most of the illegality in this country is centered on DC.

It’s always the fault of the people with the least amount of political power. It’s never the fault of the wealthy elite who create policies.

I learned that from listening to right-wing radio.

The ultra-wealthy elite get TARP, 0% Discount Window Fed loans, QE, QE2, mark to fantasy accounting, Foreclosure fraud. Regulators and prosecutors in their back pocket and yet we focus on the f’n “wetbakks”.

When the INS went investigating what companies hired illegal aliens in So. Cal. the COMPANIES told the govt. to stop investigating.

So the illegal immigrant problem is maintained by the same corporatist motivation that is causing jobs to be offshored to Asia. Both increase Profit$

LOL

exactly, the same corporations who shipped your jobs overseas are the same corporations employing illegal aliens in the US. Why? Because they work hard for cheap! (should be obvious)

Unfortunately for the remaining middle class the government is too stupid/corrupt to protect its citizens. When looking back at history people will be amazed how easily China conquored the United States, it is literally straight out of the Art of War

He who wishes to fight must first count the cost. When you engage in actual fighting, if victory is long in coming, then men’s weapons will grow dull and their ardor will be dampened. If you lay siege to a town, you will exhaust your strength. Again, if the campaign is protracted, the resources of the State will not be equal to the strain. Now, when your weapons are dulled, your ardor dampened, your strength exhausted and your treasure spent, other chieftains will spring up to take advantage of your extremity. Then no man, however wise, will be able to avert the consequences that must ensue… In war, then, let your great object be victory, not lengthy campaigns.

-Sun Tzu, the Art of War

Pick one:

1. Open borders

2. Social saftey net

Because you can’t have both.

This.

Spot on,but they came here legally. The illegals are forced to hide in the shadows and take what they can get, thus driving down wages. It is 100% failure by the government.

The wealth producers and wealth havers are leaving the US in greater numbers than ever before. They will continue to leave in the future.

“Wealth producers”

That’s funny.

I don’t get it.

He’s a communist. He thinks blind effort and/or sticking money into the ground creates goods and services.

Are you tmosley or Oswald Mosley?

What, pointing out people as communists makes me a member of the British Union of Fascists? I guess all that fat in your bitchtits must have gone to your head. Better drain those pecs!

Further down the thread, he tells anyone who is wealthy/proud of their contribution to society to get out (apparently not realizing that if all the evil rich people left, he’d be living in North Korea style conditions inside a year). This guy can go fuck himself. And quite honestly, so can you, if you can’t tell that I’m an anarcho-capitalist, which is about as far from a fascist as one can get (though morons do have trouble telling them apart–happens all the time, especially in conversations with hostile, small minded liberals, and less often with neoconservatives, the charge pisses me off all the same).

I guess that tit-fat in your brain also cause you to miss his name, MonetaryRED.

obama calling black folks and union members

http://www.realclearpolitics.com/video/2010/10/11/obama_republicans_counting_on_blacks_staying_home.html

I’m sure he’s got it covered….the ones that do get off their asses will just show up at multiple polling booths. Problem solved.

The beauty of it is you don’t even have to go that far: All you need is Diebold. The days of having to cheat by actually motivating people is over. Now you can cheat from the comfort of your own (white)house.

Most precincts in most states perform no ID check of any kind at the polls. Every time legislation is introduced to have some kind of verification system in place to make sure that voters are who they say they are (before they make it to the paper ballot or the Diebold machine) Democrats and only Democrats go absolutely apeshit.

That’s kind of all you need to know when asking the question: who practices voter fraud?

Frankly, that’s not kind of all you need to know – it’s actually all you need to know.

Cheers –

Edmon – You’ve hit the nail on the head. Diebold makes ATMs, so they know how to make secure systems for voting … but they don’t.

The French?! So much for “Freedom Fries”.

Don’t worry, they are miserable in France. Go measure the square footage they live in, the average size and/or age of their car, the amount of legal and illegal drugs they consume, or..wait for it…the average number of children native French people are choosing to have. It is a fools paradise. Ergo, this is a flawed study, measuring nothing of interest.

I wish I could live in that fool’s paradise.

Funny how people from France aren’t trying to imigrate here, if what you say is true.

They are imigrating here, not just trying to. Thing is, the legal immigration door isn’t any wider open for them than for citizens of just about any other country on the planet.

I wish I could live in that fool’s paradise.

T’aint nothing stopping you, hombre. Apply for a visa, wait for your turn in queue, and board an Air France jet for the paradise of your chosing.

Funny, I’m surrounded at work by French people who evidently haven’t immigrated here.

Much of this particular study is skewed by exchange rates, as it’s measured in USD. Measured in Gold would be more interesting.

I’m confused, my understanding is they use both more and better drugs than we do. As for the materialistic stuff, they don’t define themselves in terms of money the way we do. In my considerable personal experience, they are both happier and less stressed than Americans by far.

You’re being snowed by their skills at appearing a certain way, to a desired effect. The verb you are looking for is “paraitre” to appear. It is quite the high art among them. Indeed as to materialistic competition, the government flattens outcomes so severely that what is left is competion based on notions of class/status/education/connections. A lot of that is ineffable stuff, thus their emphasis on projecting a honed image.

Elitism derives from the French elitisme, all the same.

Another possibility is you are meeting French people of an age to have profited from socialism more than they have paid for it, or else the folks you know are government workers or others in special niches like that. Everybody else over there is sucking it one way or the other.

Yeah, I’m sure 6 weeks of paid vacation a year, killer food, hot, skinny women everywhere, and excellent free health care and education make life a living hell.

Btw, it’s more like 8+ weeks vacation, pensions, no layoffs, etc. And they can take 4 weeks off in one shot. Try doing business with any French-based company in August. They may as well be shut down. Try taking more than 2 weeks off at once in the U.S. without the boss giving you a hard time.

All of which guarantees permanent high levels of unemployment and staggering levels of inactivity. Despite all the protections the terror of losing one’s job is palpable there in the private sector, because all of those protections means companies are very very careful about hiring anyone, which translates to great difficulty getting another job quickly. If they don’t get the next job quickly enough, the greater amount of time they are unemployed, the more that delay starts to stink to potentional recruiters, to the point job seekers find themselves “out”. For those who have jobs, they hang onto them for dear life, despite employers working them to the edge. See, employers find it very expensive (and risky) to add another employee, so they prefer to work everyone they have harder rather than to add staff they might have difficulties firing when either they don’t work out or they don’t need them anymore. Naturally, all those inactive people and comfy government workers and hordes of early retirees have to be paid for, so those who have jobs are taxed to the hilt in various salary deductions and income taxes, then whopped hard again with the enormous TVA tax. Then their disposable income goes to high rents and high prices driven by the generalised shortage/high prices of everything that socialism produces everywhere it is applied.

Aussie, aussie, aussie! Oi, oi, oi!!

Mind you, I think the only reason we are 3rd is that we are still in a property bubble…. which won’t end well, as they say.

And will smash the USD value of the remnants.

Dickheads at BIS Shrapnel today released a report stating that housing in Australia will increase 20% in the next three years, especially in Adelaide, Perth and Sydney.

I wonder what they have been smoking at BS Shrapnel?

We might be behind France, but at least we’re NOT France, so I’m ok with this.

If you think france sucks, you probably haven’t ever been to france.

French still smell.

so do fat-ass americans…

Be careful, they’re farting in your general direction.

Your mother was a hamster and your father smelled of elderberries.

You don’t frighten us, English pig-dogs! Go and boil your bottom, sons of a silly person. I blow my nose at you, so-called Arthur King, you and all your silly English k-nnnnniggets. Thpppppt! Thppt!Thppt!

At least the French have some backbone. Our leaders could be eating babies on CSPAN and wiping their jowls with the nations 401ks and we would simply ask when the next game was on.

Yes, they do have backbone, which is the most recognizable side of them in battle.

I don’t disagree with your analysis of our leaders and our response but when exactly did the French get backbones? I think I missed that part in history class….and please don’t point to napoleon, that was the ultimate cowardice of the French failing to say no to a tyrant.

….the WWII GIs had the best description……the Frenchies fight with their feet and fuck with their face.

Please the French as cowards bit started because of them not being fans of NATO and De Gaule breaking Bretton Woods. If your definition of coward is losing to the German army in WW2 then is not also Poland, Czech Republic, Denmark, Netherlands, Belgium all also cowards?

And as to Nappy, he was far better then what they had. Read more up in the monarchs leading up to the Revolution and the hellish nightmare the revolutionary leaders were. I’m not French (at all), have never been to France and have no skin in the game but the dislike of the French in America was pure propaganda. Same as Stalin was Uncle Joe during the war. Do your own research, don’t just swallow opinions handed to you.

Who you callin’ nappy. That’s a racists remark and I want an apology.

Ther French had the most effective and feared troops in Europe for a long long time. The meat grinder of Verdun caused a lot of them to see war for what it is. The destruction of the common man for the benefit of the wealthy.

Dien Bien Phu. Helluva a courageously stupid thing that was.

“At least the French have some backbone. Our leaders could be eating babies on CSPAN and wiping their jowls with the nations 401ks and we would simply ask when the next game was on.”

Where do you get that? Every major program of the Obama administration from TARP to Obamacare has been over the vociferous protests of the American public. The record shows the public was from 100 to 1 to 300 to 1 agains the bank bailouts. Don’t you remember how the Tea Party started as a campaign to send tea bags and tea bag labels to politicians as a reminder of the Boston Tea Party?

Even Obama’s election was a protest vote against Bush.

Don’t blame the American public. They did what they could to make their views known. The government simply ignores them, while the mainstream media ridicules them.

Repeat after me: The TARP passed on Bush’s watch. Before the election even.

Yes TARP was passed by a Democrat Congress on Bush’s watch.

Just to illustrate the true nature and depth of our problem.

Remember this? This destroyed McCain’s Palin bump and it was all downhill from there. If McCain had instead campaigned against TARP he might have had an actual chance at victory in the Presidential race.

McCain suspends campaign to work on Wall St plan

By Steve Holland

NEW YORK | Thu Sep 25, 2008 5:40am EDT

NEW YORK (Reuters) – Republican White House hopeful John McCain threw the U.S. campaign into turmoil on Wednesday by calling for a delay in the first presidential debate to try to forge a Wall Street rescue plan — a surprise move promptly rejected by Democrat Barack Obama.

The political stunner came as some polls showed McCain falling behind Obama in their race for the November 4 election. Republicans and the White House welcomed McCain’s move as a needed appeal for both parties to work together, while Democrats suspected a publicity stunt ahead of Friday’s scheduled debate.

The Arizona senator announced he would suspend his campaign, pull television advertising, halt fundraising and return to Washington on Thursday to try to help negotiations over a stalled $700 billion bailout plan for Wall Street.

“We must meet as Americans, not as Democrats or Republicans, and we must meet until this crisis is resolved,” McCain said, urging Obama to join him.

http://www.reuters.com/article/idUSTRE48O0KW20080925

I must have missed the riots and protest marches? Can you point them out to me? Calling up to bitch or sending a sternly worded letter is pretty much ignored isn’t it.

I hear you, but Jesus Christ, with free speech now confined to special zones, what are people supposed to do?! Oh, wait…

Can you cite evidence showing that protesting is more effective than letter writing?

I’m not OK with it.

if I could just sell all that real estate I was going to use to fund my retirement……. you know, that song&dance that was fed to us about “it only goes up” & “they’re not making anymore of this lake front property !”, I would leave. Let’s see, 35 years of being a good citizen, working hard, paying off my home, raising 3 kids & it’s all basically worthless. can anyone tell me what happens to a home purchased for $300,000 at the top of the real estate bubble in 2005, what happens to the true value of that once we hit hyperinflation ? thank you…

It will probably top out in the $3-4 Quadrillion range (FRNs) or 11 Silver Eagles.

Ha ha, id guess if you can safely hold onto it and survive alright you’ll be paying off your mortgage with the equivalent of $147.50 in todays money. Just have to be prepared to enough to come through the other side intact. Any fish in that lake? Hows the long-term fixed mortgage rates looking?

Got it all, babe. Been preppin for many years. Even have the final redoubt ready to occupy. Plenty of fish.

I believe that you said you were buying Silver eagles, keep on with that plan, because no one in their right minds should be thinking of selling the roof over their heads until grass is growing in the bomb craters.

Dear Wealthy and other Self-Styled “John Galt” Types,

Please leave.

Quickly.

Love,

Everybody Else

P.S. – Don’t let the door hit you in the ass on the way out.

Enjoy your Khmer Rouge.

Seeya! Wouldn’t wanna beya!

i’m an urban John Galt myself. I’m surrounded by so much humanity they don’t even know i exist. Now excuse me, I’m off to my Guerilla garden in my black pajama suit with a trowell in my hand ready to do battle.

“Dear Wealthy and other Self-Styled “John Galt” Types,

Please leave.

Quickly.”

You still don’t get it do ya…ROTFLMAO.

did all he say was “I’LL PISS IN YOU’RE FUCKING SKULL”? Noooo. I think he was misquoted because “that’s not what I saw ’em do before using it as a candle holder.” Newman is it?

Could you try…really…really hard to be a little more coherent on your first part?

“Newman is it?”

No, do very little george. Sorry to break it to you but you’re dyslexic.

It’s like this…for the last time…I’ll go really, really S-L-O-W…just for you.

nme=enemy…STOP…for new word.

NOW, BEGIN AGAIN…wn=within. STOP. Now put the two together…S-L-O-W-L-Y.

Say…enemy within…now say nmewn. Got it?

I sense you mouthing the above…well done junior, you’re now qualified for the Iranian code busters Hall of Shame…LOL.

Australia number 3 with a bullet!

(plenty of cashed up bogans)

Not arguing that things aren’t looking bad in the USA, but when you phrase the question in regard to wealth per adult, the easy answer is those countries are committing demographic suicide, and all they have are adults, and fewer and fewer of them due to pathetic replacement ratios.

I am surprised that France ranks before Luxembourg as first Euro-country… Luxembourg is really rich on a per-capita basis.

Was there any indication on how “wealth” was calculated (including first home or not?). Also currency fluctuations may give the wrong impression. With a 10% increase in the dollar vs major currencies, US would already be forth.

No shit. After two or three months of QE2, we will all be billionairs. Can’t wait. Been looking at a cool 123′ yacht.

123′? Go for the 250′ dude

No way. I’m going smaller. A larger one and you’ll have to have a crew; you know how much labor is going to cost then???

A 32 footer is the limit of singehanding, whether sail or motor, unless you have all manner of gadgetry assisting you, and even then…erm.

Oops.

3rd day of full-day strikes here in France in as many weeks.

How anything gets done here is beyond me.

Time to call an extended holiday.. i mean strike!

Hell, Tyler, given that the top 0.5% own about, what, 50% of the wealth, when they leave won’t the average then drop us about 50 places in the rankings?

Sirs,

It has come to our attention that grain prices are spiking. We have it on good authority from the high command that this has nothing to do with the noble efforts of our dear leader, Ben von Numbnutts. How could it? Who would dare suggest…?

Grain prices have been know to spike for all sorts of silly and trivial reasons, like wars, floods, slave rebellions…, but I digress. Ben the Bald’s diligent efforts to flood the known universe with federal reserve notes must remain, like Ceasar’s wife, above suspicion. It is therefore, with a heavy heart, and great empathy and understanding of the tribulations of great men, we make the following trivial alteration.

In order to promote world peace, avoid mass hysteria, and escape ruinous litigation…, the heroic efforts of Comrade Ben shall no longer be referred to as pushing on a string. Instead, they shall henceforth, now, and forevermore be designated as “pissing up a rope.” Please make a note of it.

/sarcasm off/

NOT the management

fyi “it’s my job after said rope has been lubricated as advised above to tell you to START CLIMBING.”

sarcasm on

Yes, so why exactly was Goldman buying all of the grain that they could regardless of price and using their money created out of thin air to bid the grains and other commodities to the moon.

Studies are now showing that 50,000 people around the world are now dying each day from starvation each day instead of the 30,000 before Goldman used the Fed free money and their own money created out of thin air to bid up grains.

Can you try Goldman in some REAL court of law for murdering 20,000 people each day?

because the government you elect wants this to happen. it ain’t like i’m biddin’ it up. so “keep on keepin’ on” veteran fuckers cause now you die.

IN YOUR FACE LUXEMBOURG!

SIRENIA – The Path To Decay

This is what happens when the government safety net gets used as a hammock.

I wonder where the US will come in if the median was taken.

norway, australia, singapore…. these moves on this table are all ccy related (ie wealth expressed in USD now higher) … big deal, we all know the USD is weak.

France. Home of the wealth tax. Maybe the rich would do better if they shared a bit more…

you need numbers for mean, median and mode. My guess is that because of income distribution those numbers make the us look better than it really is.

Yep, the U.S. might be getting poorer.

However, the richer are getting richer. At least in Los Angeles:

– Virtually every REO or foreclosure auction at the Norwalk courthouse is swamped with hordes of “institutional RE flippers” with cashier’s check in hand, desperate to grab a few houses to fix up.

– Never before have I seen so many supercars in Manhattan Beach, Newport Beach, Malibu, etc. Seems like there is a footrace among the wealthy as to who can have the “baddest” car. Even the low level Hispanics are spending more money than ever on their “rides”, the retro-mod 1960’s car market is bigger than ever. Good luck trying to find a early model Chevy Impala. Nearly impossible.

– Just take a look at JWN, COH, TIF, etc. No need to explain that.

– The profits being made on Wall St. these days is getting extreme again. Just look at the fantastic gains made in the last 6 months for those who were long “risk”. I never predicted such a huge rebound so fast.

…while idiots like me have been short this market for over a year now. Nobody told me the Hindenburg Omen would immediately be followed by the Shortenburnen Omen! Thanks ZH. I’m not margined so I’m not being squeezed, but of course watching all this horseshit is starting to get to me. And I live in the LA area too, and it seems there are a lot of fuckers who haven’t tasted reality yet.

Rocky – I appreciate your icon/avitar.

Thx. I hope everyone recognizes WTC 7.

A while ago, I decided the solution to the fundimentals-say-short / Bernarke-says-buy problem was to buy miners. It works for the time being.

once the wealthiest decide they have had it here and move away

Why would they move away? The “gettin’ is good” for them!

http://en.wikipedia.org/wiki/Economy_of_Poland

and these folks

Those numbers are absolutely meaningless.

Anyone who compares the United States with Sweden, France and Switzerland for ANYTHING is either ignorant or pushing some kind of agenda.

Why would ZH do something that stupid?

>> DERP !<<

A country with blacks and jews is destined to implode.

Going the same way as maritime Portugal for the same reasons.

It’s a shame you reserve such sermons for the internet–I really think you need to take it to the streets where you would get the attention you really deserve. Just imagine the difference you could make in the real world!

Show the real strength of your convictions and concern for your Country . . . without cover of anonymity.

I think the blacks and jews would welcome you more than you might imagine.

My feelings are not a big secret to anyone. More and more people are seeing things my way.

That must be very encouraging. Congratulations. Do you or your friend share those views with any black people?

You know what I’m saying. You wouldn’t last a second. Even with your imaginary friend.

I try to avoid black people as much as possible. And you live in Newark, I assume? Or haifa? http://www.ynetnews.com/articles/0,7340,L-3967277,00.html

Of course you avoid them as much as possible–such ignorance couldn’t be maintained if you trafficked in reality.

Not to mention your absurdly grandiose notions of your courage.

Sheeeit.

I’m done wit cha. Return to your fantasy world.

and you to your rebbi’s bumpy pickle.

You are quite ignorant. Niggers in America are, mostly, quite inferior specimens of humanity.

However, you dumbass crackers got it all wrong: nigger inferiority stems not from genetic deficiency, as you sad, pathetic caucasians continue to believe, but from cultural atrophy, inflicted mostly by you whites, assisted by jews.

Jews have always lent money to western powers; they can lend money at interest, but Christians cannot. The results of this Christian idiocy should be obvious; but they are quite obviously not obvious to you. Moron.

Bigot!

There is no way the AVERAGE adult has a net worth over $200,000 in the USA. This is distorted compared to the countries above it on the list, as the other 6 countries have, on average, far less abject poverty than the USA.

Our average only looks good because the uber-rich bring the overall average up. The regular, “average” guy would have a net worth closer to $0 – $50,000 in the USA, without a doubt.

Yeah, looks like a mean average rather than median, which would be more useful.

The question is: “What is WEALTH?”

I heard a good definition: Wealth is the number of months you can live off of what you have saved.

I like that definition.

Considering our obesity rate, though, there are plenty of folks without a pot to piss in who’d take a year to starve.

Ha! Would the bodies make a noise as they feed on themselves?

Well What is “Genius”

Genius is proportional to the number of months you can goof off with other peoples savings. Its 2010 bubba saving, jobs,
producing, paying ur bills, education(yes now even MSM admits degrees not worth it) are last decades morality.

I thought wealth was a high credit score, 700 or better.

Our leaders have been studying this, and they’ve come up with a solution:

We are going to start referring to french fries as “freedom fries”.

Wooo-hooo!

Luxembourg can SUCK IT!

USA! USA! USA!

Lucky number seven!

It certainly doesn’t help that we give Israel $10 million/DAY to make us enemies all over the Middle East.

fuck off, trailer trash

Fuck off traitor. Who in their right mind would want to continue this parasitic looting? Only the beneficiaries. Are you a beneficiary?

Israel has a lower debt per capita than we do,but still, we must fork it over … and deal with their enemies … and invade countries on their behalf … and spread our bloated military around on their behalf … and die or get chopped up on their behalf.

Great fun for you Chemba??

It is actually 6.8 million per day as of 2007 and has been dropping consistently since 2000 (which is too damn much).

Maybe you should actually research your stats and compare them to what what we give our supposed enemies and the rest of the world before posting. We shouldn’t be pissing our wealth away on the rest of the world no matter who they are but, it is telling that you chose to pick out the evil jooooos as your example. I suppose they took down our towers as well….moron.

Click to access 10s1263.pdf

melachiro – you are really rather ignorant. Just go back to fantasy life where you dream about slaughtering innocent Muslims while choking your chicken … like before you found ZH.

I take consolation in the fact that isntreal is going down the tubes with Foodstampistan. They can’t go to china.

Agreed. Way to look at the cup half full.

Don’t trip on your bed sheet as you head out the door.

That shit doesn’t work anymore schlomo.

Yeah, being a jew-hater is REAL cutting-edge.

Itz kitschy!!

109 countries can’t all be wrong.

http://www.biblebelievers.org.au/expelled.htm

I’m a SoCon Christian, though a bad one.

I may not have much use for 72% of american jews, but I will defend Israel. And if the 28% ask me for sanctuary, I will give it to them.

Israel is my ally, and as long as she fights, I will support her.

109 countries run by douchebags. I am not impressed.

I think you’re full of shit. But nice try.

Which part?

For starters – Israel is my ally, and as long as she fights, I will support her.

You are a total fool if you believe this, unless you are a Zionist and part of the tribe. If that’s true, stop deceiving by posing as something you’re not.

Otherwise, get an education.

And …

this is a pretty bizarre statement given the rest of your post –

I may not have much use for 72% of american jews …

Is this bait? Sorry. I don’t agree.

If they are my ally against Islam, they are my brothers. Give them the money…and the weapons.

72% voted for the candidate most likely to put them on cattle cars. They need to quit doing that.

Ain’t part of the tribe, they won’t have me. I am not offended by this.

Another tough day with the boss, sodomite? Be glad you can bus tables–even in a deli. A lot of people don’t have jobs.

Which splc office are you monitoring from asshole? If you’ll kindly give me the address, I’ll send over some blintzes.

Ask the boss to promote you to delivery boy for a few minutes so you can deliver them in person. That would be a real hoot!

Bob – what’s your opinion on wealth transfers to the Zionist entity?

Too much money, too few strings. Or at least too few that are to my liking.

And I don’t think anybody would have a problem with discussions of the subject that are in context with the posts here, i.e., relevant and not launched in inflamatory or outright bigoted terms.

Problem here is that it hasn’t been. It makes our entire community look like a bunch of assholes. Frankly, it’s hard to believe that those who post such comments aren’t here expressly for the purpose of doing just that.

I disagree entirely with LiberalSodomy’s ideas about Blacks and Jews, but he’s 100% right about the ongoing wealth transfer. How can someone be in favor of responsible government, with spending out of control and yet condone the hand-offs?

We like to poke fun at the Amerikuns drinking the kool-aide, but speaking the truth on this topic seems to be the third-rail, even on ZH.

Holy shit you really are ignorant.

There are plenty of strings, but the puppeteer borders the Mediterranean Sea. America is an Israeli colony at this point. The Jews gained control of the west after WWII; they are the master race of the west. You are a member of the slave race.

Why do you think they’ve been expelled from so many countries? They lend money at interest, the lendee borrows too much, and defaults by declaring that the jews are evil, should be hunted, etc.

As a result, jews have truly become “evil.” They despise and take advantage of all other races, and confer great favor on members of their own race.

And it is with this mentality that they have taken control of all major western economies, much as Chinese control southeast Asian (excluding Vietnamese) and Indonesian economies.

American culture, and thus thought, has degraded at a remarkably rapid rate. Racism is an integral part of conquest, success, victory, everything “good.” Are you not familiar with the Roman Empire? The Chinese Empires? Even American history, up until the civil “rights” movements?

No, you are not. Turn off your computer and go read a book.

Wow, is there anything they can’t do?

Who is this “they” you refer to? When using pronouns, you must specify a noun, or risk looking like a dimwit.

From the subject of your post, I bet you can figure it out.

Come on, shake your head a little and maybe your two remaining brain cells will eventually connect.

Try arguing the facts instead of trying to insult me personally, dimwit. Your immediate attempt at insulting my intellect, without even mentioning the topic at hand, truly highlights your impotence.

Here’s a song for you.

saxon – crusader

There is a silver lining. USA is still much cheaper than Switzerland, Norway, France, et al (perhaps Singapore has lower COLA). So when adjusted for cost of living as measured by a Big Mac meal, gas per gallon, rent or home prices I bet US is still top 3.

How can this be a surprise.

a) we have a trade deficit that exports wealth at the rate of about 1/2 trillion dollars per year.

b) we have killed the wealth creation machine by killing value added business in the US … so now all we have left is parasitic business and parasitic government that simply creates debt and adds no value or wealth.

c) the Fed is now in the process of killing the dollar so that relative to the other countries our wealth will decrease further.

If anyone says this was not planned, the better take another look. The US is quickly turning into a country of ruling class elite and their debt slaves. Which is really ironic givent hat the ruling class elite are the worst of the parasites and add no value to our economy. They only steal value from others.

Bartanist,

A trade deficit is a boon or curse as you want to see it for any country that has reserve currency status. Reserve currency status assures higher dollar and trade deficits.

JFK

America’s been in perpetual decline since the 1980s. Just take a look at our nation’s gateway airport from back then until today–same neverending mess. Travel to Asia lately? ICH, PVG, HKG? The US lost it long ago.

But…but…I thought the >>>800 BILLION DOLLAR<<< "shovel ready jobs" thingy was going to fix all this 😉

Who could have known a Chicago politician would tell such a lie so unconvincingly…LOL.

Les francais nous ont depasse … merde alors!

Don’t be in shock, because as it starts to get worse more and more rich will continue to leave. Remember they have passed laws that make it hard to get money out of the US just these few years ago. Essentially what the US will look like is Mexico, where the rich live in gated and fortified areas and the rest live where they can and work when they can. And local govt. will be essentially a corrupt institution.

How can Norway, France, and Sweden being doing so well? Everyone knows that they’re semi-socialist welfare states with high taxes, six-week vacations….who put these numbers together? Probably the Bilderburg conspirators as part of their mission to bring on one-world government…..

Well said, brother.

BULLSHIT

What is BULLSHIT, friend?

So if the season ended today we would be facing off against Norway in the playoffs!

Well there certainly is alot of tension tonight….decaf is just as tasty as the regular brands.

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