The median family income in the US has gone from 10K in 1971 to 55K today, a gain of 5.5x
however,
The median cost of a car has gone from 4K to 48K, an increase of 12x.
The median cost of a house has gone from 25K to 357K, an increase of 14x.
The median cost of an ivy league
Fred Krueger
45.3K posts
Investor. Not Financial Advice. Bitcoin and AI maxi. Stanford PhD. "You might want to buy some in case it catches on" fredkrueger.org
Los Angeles, CA
Joined August 2009
- Japan had 50 year mortgages right before their entire financial system blew up.
- here. we. go. - 46% of Toy Companies in the US say they expect to go out of business within "weeks" - 128K Federal workers lost their jobs in last 60 days - 40% of cargo ships leaving China for the U.S. were empty today. - Shoes expected to go up 87% in price - Apparel expected
- "The unrealized tax is only for ultra wealthy, no big deal." Let's play this out. 25% unrealized gains on people worth 100MM. Bill Gates is worth 132 Billion. Assume his unrealized tax due is about 30 billion. He would need to sell 40 Billion in Microsoft shares, pay tax on
- My advice to the younger generation: Focus all your energy on AI. Put all your savings in Bitcoin.
- "The new model is where you work in a factory for the rest of your life, and your kids work there and your grandkids work there" -- Howard Lutnick, net worth 3.1 Billion
- We've lost the plot, folks: Joe Kiernan: "Who do you think provides the jobs that pays the taxes?. It's the private sector." Democratic strategist Elisabeth Panacotti: "Actually, no. Most of the job growth is from the government". Joe Kiernan: "And who do you think pays forWhat are the differences between Trump and Harris' proposed tax policies? Our panel discusses:
00:00 - never sell your bitcoin. never pay tax. borrow until the day you die.
- Bitcoin is just over 16 years old. Perfect for Peter Schiff.
- 💥 THE FINAL RUN: BITCOIN TO $600,000 Timeframe: 90 days — from Monday, July 21, 2025 Starting BTC: $150,000 Ending BTC: $600,000 Final Gold: $10,400 DXY: Collapses from 96 → 68 U.S. 10Y Yield: Spikes to 9.2% before being "frozen" by the Fed SPX: Collapses 50% 1/10
- Nobody i know was at all concerned about our trade deficit a week ago. Now 30% of America believes we should crash our entire economy, close our borders to all trade, and face massive short term inflation if necessary. Have we lost our minds?
- I think Trump wants a crash so that he can get rates to 2%
- I once met a guy who really had "made it" on Wall Street. The guy had a multi hundred million net worth, flew around the world on his G5. We had lunch at the Harvard Club in NY around 2000. He said, "Fred, do you know how I got so rich? It was really just one trade". "When




