Americans that are over the age of 55 control approximately 73 percent of all wealth in the United States. Americans that are age 55 or younger control just 27 percent of all wealth in the United States. Never before in history has there been a generational divide of this magnitude. One of the reasons why there is such a generational divide is because housing has become so insanely unaffordable. If you purchased a home 20 or 30 years ago, it has appreciated in value a great deal and you are sitting pretty. But many young adults today look at current housing prices and wonder how they will ever be able to buy a home.
During the pandemic, we witnessed a surge of young adults moving back in with their parents.
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California calls six figure salaries low income for housing aid
A single person making $104,200 a year can now qualify as low income in parts of California, including Orange County.
A family of four?
Nearly $150,000 a year.
Not poverty.
Not minimum wage.
Not unemployment.
Six figures.
For decades, Americans were told that earning $100,000 meant you had made it.
Now the government is effectively admitting that in some parts of California, it isn't enough.
The American Dream used to be buying a house.
Now people making six figures are being told they qualify for low-income housing.
How much worse does this have to get before people admit something is seriously wrong?
https://citizenwatchreport.com/california-calls-six-figure-salaries-low-income/#more-225833
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The market is screaming for dollars
Many investors assume gold should rise when markets get nervous.
History says otherwise.
When a real liquidity squeeze begins, investors often sell whatever they can to raise cash.
That includes gold.
That includes stocks.
That includes commodities.
Right now the market is showing several signs that investors are prioritizing dollars over everything else.
The dollar is strengthening.
The 10-year Treasury yield is falling.
Gold has dropped below $4,000.
Risk assets are struggling.
(This could a sign the Minsky Moment is nigh.)
https://citizenwatchreport.com/the-market-is-screaming-for-dollars/#more-225825
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Japan: The First Domino in the Sovereign Debt Crisis?
by Martin Armstrong
The Japanese government is now openly admitting what I have been warning about for years. Rising interest rates are beginning to dramatically increase the government’s debt-servicing costs. For decades, Japan survived by suppressing interest rates to nearly zero while endlessly rolling over debt. That strategy only works so long as rates remain artificially low. Once rates begin to rise, the mathematics become impossible to hide.
Japan’s government debt exceeds 230% of GDP, the highest ratio in the developed world. Politicians, academics, and central bankers have spent years arguing that Japan was different because most of the debt was held domestically. I repeatedly rejected that argument. Debt is debt and whether the creditor lives in Tokyo, London, or New York does not change the obligation. The real issue has always been confidence. Once investors demand higher yields to compensate for risk, interest expense explodes and governments enter the classic sovereign debt spiral.
The Bank of Japan has now raised rates to 1%, the highest level since 1995. That may sound insignificant compared to rates elsewhere, but Japan built its entire fiscal structure around the assumption that rates would remain near zero forever. The government became addicted to cheap money. Every welfare program, subsidy, and stimulus package rested on the ability to borrow endlessly at virtually no cost. That era is ending.
What many fail to understand is that sovereign debt crises never begin because governments run out of money overnight. They begin when interest costs consume an ever-larger share of tax revenue. Governments then borrow more simply to pay interest on previous borrowing. Japan crossed that line years ago. The entire system has been held together by the Bank of Japan purchasing enormous quantities of government debt. Once the central bank attempts to normalize policy, the market immediately begins questioning the sustainability of the entire structure.
In 2008, investors sold almost everything to get access to dollars.
In March 2020, gold initially fell alongside stocks before central banks flooded the system with liquidity.
The first phase of stress is not about chasing safe havens.
It is about raising cash.
That is why gold can fall even when the financial system is under pressure.
That is why Treasury yields often decline as money rushes into the most liquid government bonds.
And that is why highly leveraged trades start to unwind.
Tech stocks weaken.
Industrial metals weaken.
(Minsky Moment Inbound)
https://citizenwatchreport.com/japan-the-first-domino-in-the-sovereign-debt-crisis/#more-225871
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Postmaster General Tells Congress USPS WILL NOT DELIVER Mail-In Ballots to States That Refuse to Comply with President Trump’s Election Integrity Executive Order
https://www.thegatewaypundit.com/2026/06/boom-postmaster-general-tells-congress-usps-will-not/