US Net Worth Hits Record High, The Billionaires Thank You, Feds Mandate On Money Secretly Changed

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This has been the best year for the global billionaire class. Over the past 12 months, US household net worth has increased by:
Q2 2020: $7.92TN
Q3 2020: $4.26TN
Q4 2020: $7.9TN
Q1 2021: $5.1TN
Q2 2021: $5.85TN
... a grand total of $31 trillion. And since the bulk of this wealth goes to a fraction of the wealthiest 1%, it means that this economic crisis has been the biggest wealth transfer in history, making America's richest even richer.

Looking at the composition of the wealth change, $3.54 trillion came from a gain in stocks, $1.2 trillion was from an increase in real estate values - the biggest quarterly increase in housing values on record - and another $1.1 trillion coming from "other sources."

We also need to talk about CBDC's or central bank digital currency. Included in the Digital Asset Bill, amendments to the Federal Reserve Act and the definition of legal tender are proposed. These amendments drastically expand the powers of the Federal Reserve, and change how money is created and distributed in the US.