More people in the United Kingdom are having financial difficulties more than ever, things are really bad…people have loss their jobs and new jobs are scarce.
People in the U.K have really high debt and living expenses are high as well. They are feeling squeezed more than ever.
The U.K government earlier on imposed austerity (cut back on spending) and the economy went into recession, now the U.K government is trying to print money to help boost the economy, but this move will increase the government debt.
Real Estate is getting expensive all over the world, both in the United States and here where I am in Canada. Not many average Joe and Jane can afford a house now a days, many people are being price out and only the very wealthy are scooping up homes so they can become landlords.
Don’t hate the rich and wealthy. At one point they were either poor or middle class just like you, however the difference is that they think differently and work much harder.
Sometime, people who are struggling say to themselves, I work extremely hard…why am I not rich. The reason, is in “how you think” and know how to find opportunities.
The U.S economy is a drug addict that is currently addicted to “printed U.S funny money” by the U.S Federal Reserve. Ben Bernake is the drug pusher injecting printed money into the bonds and stock market creating an “illusion” that the U.S economy is in so called “recovery”, but the reality is that U.S is deteriorating.
Think about it, if the stock market rises and rises, do you feel richer if you are a normal “joe blow” who is possibly unemployed and doesn’t invest in stocks?
The American guy Ed (older gentleman…white hair), he sounds just like an American government mouthpiece. At every opportunity Ed is denouncing BitCoin and saying that it will not work. Ed probably haven’t even tried BitCoin, he is mouthpiece for the U.S government trying to protect the worthless fiat U.S dollar. Also, Ed is also probably somehow compensated by Wall Street to bad mouth BitCoins, because BitCoins is a threat to wall street as well. A decentralized currency like BitCoin and other crypto currency will take power away from government and big banks.
Educate yourself about what the true wealth and income distribution is in America / United States. The lies that the government controlled media feeds you about the United States is the most equal opportunity , equal income country in the world is just that ….lies.
If so many wealthy people are on the sidelines, concerned more about wealth preservation than taking risk to make some yield. Then the question is who is driving up the stock market?
