Are The Rich Panicking?

European elites are hoarding cash, the Japanese are stuffing safes full of high-denomination bills, the saudis are scrambling, and judging from the following chart, the richest Americans are getting increasingly concerned about the safety of their wealth...

For a decade, Security & Armored Car Services workers in the US have earned around $14 to $15 per hour.

But all that changed as President Trump was elected...

Demand for security services has soared driving wages up a stunning 24% YoY!

What are America's 1%-ers worried about? (the answer is simple... the rest of us)


Antifaschistische knukles Thu, 11/09/2017 - 18:23 Permalink

No fiat represents real "safety".   bit fiat, $ fiat, stock fiat, 401 fiat, even gold fiat. (i know you're going to say gold isn't a fiat, okay okay.)all these things are only valuable when they get exchanged for something...well, "of value".traditionally that was property.  land, house, transportation, land, house, transportation...create a taxation trap where the wealth confiscators scalp you every quarter/year etc.there is no safe place left for wealth to hide...sure, the local zimbabaweans should have put their money in Rand, or aluminum or bits or place left to hide. 

In reply to by knukles

Conscious Reviver silverserfer Thu, 11/09/2017 - 20:46 Permalink

Here's a little insight for those who have not yet made so many trips around the Sun as me. )))They((( will arrainge things so that it will appear as though only the dumbest of the dumb are holding PMs before PMs jump again. Ideally from )))their((( standpoint PMs will be forgotten by most of the rent slaves. Then one day, everyone will say 'Wow! Look at that!' Is that day ever going to come? Xi and V. V. P. seem to think so.

In reply to by silverserfer

Lumberjack Thu, 11/09/2017 - 17:14 Permalink

Tylers. The bundled ads here are getting really annoying. Walmart and Amazon spam card popups are getting a bit unrealistic. No virus issues with smart phones but this crap is embedded (bundled) in ads being run here. There is no way it appears to avoid them outside of cache clearing but please for christs sakes look into it. Then again It’s fight club...

east of eden Majestic12 Thu, 11/09/2017 - 18:49 Permalink

The problem is England. When Henry VIII died with no male heir, the crown was in turmoil, and even though Elizabeth managed to gain and hold it, she had little money. Enter the Jew, in the form of old man Rothschild, who taught the English (Germans), that you can float paper a lot easier than you can mine gold or silver. And so the 400 year reign of fiat debt money was begun.Unless the British Monarchy is willing to hand over the head snake, they will not survive. 

In reply to by Majestic12

Dickweed Wang Truth Eater Thu, 11/09/2017 - 17:40 Permalink

It looks like Janet Yellen or Ben Berspankme must have down voted you dude . . . I guess they don't want to hear what they had a hand in.  What good is a $10,000 stack of $100 FRNs when you won't be able to buy a cup of coffee with them?  That's from McDonald's . . . not Starbucks BTW.All fiat currencies revert to their true value over time . . . . ZERO.  What are we at now in the US with FRN's value as compared to when it was first issued 100 years ago, 1.5%???

In reply to by Truth Eater