[1]The inflation-adjusted household income for half the US population is back at 1989 levels. Meanwhile the S&P500, which impacts the net worth, confidence and spending habits of about 10% of the US population is six times higher than where it was in 1989. America has a problem.
[2]
* * *
Of course, it doesn't have to be like this, and in fact: it wasn't.
[3]
... and then Nixon took the US off the gold standard [4].
[5]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/09/US%20problem.jpg
[3] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/02/inquality%201.jpg
[4] http://www.zerohedge.com/news/2015-02-20/why-1-hates-gold-standard
[5] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/02/gold%20standard%20inequality.jpg
