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Within the following 30 years, the top five will, in response to Goldman Sachs, possible be China, the U.S., India, Brazil, and Mexico. In India, with its population of 1.2 billion, there are already, according to McKinsey, 15 million households with an annual income of up to $10,000; in 5 years, a projected forty million households, or 200 million people, will be in that revenue vary. Americans might discover it surreal (or start packing their expat baggage), however an annual income of less than $10,000 means a comfortable life in China or Indonesia, while within the United States, with a median household earnings of roughly $50,000, one is virtually poor. This has resulted of their co-opting of the only two major political parties allowed to exist in the U.S., as well as in the largest redistribution of wealth from the poor to the rich in history. It additionally retains inflation confined to financial bubbles that inflate the phantom wealth monetary belongings of the wealthy. When the credit score funds current consumption and phantom wealth hypothesis, the result's ever-growing debt, inequality, destruction of the natural setting, erosion of the social fabric, and ultimate default. They not only allowed the criminals to go away unscathed, they fed these similar criminals OUR money so that they may maintain their obscene wealth.

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