The Secret of the New Millionaires
There's a Lot of Hype About the US
I'm preparing an extensive article for our subscribers where I will discuss, using real data, the potential dangers surrounding the US dollar and the American economy. This is a real risk that we often overlook because our mental time frame is very limited.
Just like with major fund managers—an article recently revealed that their average tenure in the markets never exceeds 22 years—we live in a reality that is far removed from historical events.
From the Romans to the present, every currency that has experienced inflation has either disappeared or weakened to the point where those who hold it can barely afford a roasted chicken.
The new generation of millionaires will be those who understand the economy. This isn’t the first time it’s happened:
100 years ago in Germany, after World War I, 99% of the population fell into unprecedented poverty while 1% became incredibly wealthy.
In countries like Argentina, Venezuela, or Bolivia, those who have managed their wealth well have also become extremely rich.
In the Information Age, those who understood the economy have made astronomical amounts of money.
Today, I will present a series of graphs that will make you think.