Puerto Rico's power grid failed again this week, with nearly 1 million people entering a third day of blackout.
A couple years ago I posted this article.
Most Americans don't know how to handle debt.
Proof of this can be found here.
You know wealth inequality is bad when even the ruling elites are concerned.
For years we've been bombarded with stories about how wonderful the economy and the labor market is doing.
For example, take a look at these recent news articles:
Goldman sees unemployment below 4%, job market getting so good it could 'overshoot'
The stock market has been on an incredible run, gaining $4 Trillion just since the election.
So stocks are rising because every Tom, Dick, and Harry has been buying equities, right?
Wrong.
I went cash.
I didn't just leave the banks, I left the Credit unions and any other entity that requires me to "Trust" people who have repeatedly shown me that they will ignore all regulation as long as the orders come from the right people.
The average American household is in a very precarious state.
The average American household is in deep trouble, and by "deep" I mean in debt.
The average American is so deeply in debt that they may as well stop pretending that they are free.
I found this statistic stunning.
