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GREYERZ - 10s OF MILLIONS ARE ALREADY STRUGGLIN To Survive In The US But This Is The Scary Part
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that tens of millions are already struggling to survive in the US, but this is the really scary part.
51 Million Households In Trouble
May 20 (King World News) – Egon von Greyerz: “There are 51 million American households that cannot make ends meet. This means that 43% of American households can’t afford a basic middle class life. Of these, 35 million are dubbed ALICE which stands for Asset Limited, IncomeConstrained, Employed with a further 16 million households living in poverty…