Jay Midnyte

Living In Beverly Hills
For the last three decades millions of Americans have been living in Beverly Hills. How can this be? Only 35,000 people reside in Beverly Hills, California. Millions have acted like they live in Beverly Hills, where the median household income is $125,000. The median household income in the United States is $50,000. There are 116 million households in the United States. Only 12 million households have income of $125,000 or more. There are 60 million households making less than $50,000.

Excerpts from Jay-Z's XXL Interview
"A trend is a trend. I follow trends. I set trends. Now, when a trend becomes a gimmick, it’s time to get rid of it. As far as hip-hop. Like, when they were saying “bling bling” on CNN, it’s time to never say that word again. It was just about the aggression of everything. I saw everyone, ’cause it was successful, following one path. You turn on the radio, and that’s all you hear. I’m not saying I hate T-Pain. What I’m talking about is a trend that’s becoming a gimmick."

Peter Schiff was Right
MUST WATCH VIDEO.

U.S. Consumer Credit Falls by a Record $21.6 Billion
Consumer credit fell by a record $21.6 billion, or 10 percent at an annual rate, to $2.5 trillion, according to a Federal Reserve report released today in Washington. Credit dropped by $15.5 billion in June, more than previously estimated. Credit fell for a sixth month, the longest series of declines since 1991.

Argentina's Economic Collapse - Part 1
Will we learn from the collapse of other nations so we can avoid the same fate?

If you like this post, consider subscribing to my full feed RSS.