Is the wealth trickling down yet?
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Is the wealth trickling down yet?
In the 1970s the richest guy on Earth had $1.2 billion dollars. Today Elon Musk has almost 1,000x that, nearly a trillion dollars. In the 1970s a minimum wage worker made $1/hr. Today minimum wage workers make just 7.25x that. Producer: @genericartdad Supervising producer: Victoria Hammett
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The US dollar is not collapsing. So why does its share of world reserves keep dropping every single year? The dollar is strong right now, close to its highest point in a year. Anyone predicting an imminent crash is wrong. The real story is slower and predictable. In 2000 the US dollar was 71 percent of global foreign reserves. Today it sits near 57 percent, and central banks keep moving a little more into other currencies and gold each year. Here is why. The United States now holds more than 39
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The US dollar is not collapsing. So why does its share of world reserves keep dropping every single year? The dollar is strong right now, close to its highest point in a year. Anyone predicting an imminent crash is wrong. The real story is slower and predictable. In 2000 the US dollar was 71 percent of global foreign reserves. Today it sits near 57 percent, and central banks keep moving a little more into other currencies and gold each year. Here is why. The United States now holds more than 39
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