It’s hard to wrap your mind around $2.7 trillion.
The average median income (that means half made less than this and half made more) in America was $48,200 in the 2006 census.
There are 111,162,259 households.
$2.7 trillion would give each of those households an additional $24,288.82 which means that if the money went to the people instead of the banks, the median household would increase their income by 50%.
If the people received it, they would likely spend the money setting the economy on fire. The banks instead, will use it to pay off bets they took with foreign counter parties, possibly their own personal offshore accounts and that money will never set foot in our economy.
Where did this money come from? It’s being printed out of thin air in a year, will make each dollar less valuable because there are more of them. It will probably express itself in a rise in interest rates.
Native American Advisors CHIPPEWA PARTNERS
- Dean Parisian
- CHIPPEWA PARTNERS is a Registered Investment Advisor and provides investment management to private investors, retirement plans and Native American tribal entities. Founded in 1995 as a fee-only money manager we are about doing the right things the right way and our expertise developed over 30 years balances financial acumen with absolute integrity. Dean Parisian, member of the White Earth Chippewa Tribe is a former NASD and NYSE arbitrator and successful trader who started on Wall Street in 1982 with Kidder Peabody and then with Drexel Burnham Lambert in LaJolla. The firm is a Life Member of the National Congress of American Indians. As a private, unbiased fiduciary firm we know what to do and are prepared to do it. We invite serious inquiry to manage your investment portfolio. Email:ChippewaPartners@gmail.com. Office: 877-772-1621
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