Continuing
Here is an email I sent to some friends back in April.
"We (the US government), just spent 3T$ on a stimulus package.
A friend once told me that "if you took all the wealth in the world and divided it evenly among every human on earth, within 6 months the rich would have it all back again".
Considering those 2 statements, 3T$ divided by 330M people comes out to $9,090.90 per person,
If each person (from Warren Buffet to the homeless person on the street) would have got their share, (a family of 4 would get $36,000) what would they do with it? Someone would pay their past due rent, someone head to the grocery store, someone buy a new car, someone go on a cruise, someone invest it, etc., etc. That is how an Economy works.
That leaves a lot of room for discussion. If you received $1200 then who got the rest of it, $7890.90?"
Additionally, Older Americans that have some money, but not enough to be involved in the stock market, either received 0% interest or 00.25% interest on their money. Example; $300,000 in an account that pays 00.25% = about $35 per month.
A loan of $200,000 that pays interest only @ about 5.0%, payment is almost $1,000 per month.
Banks love this interest rate.
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