Wednesday, May 8, 2013

Wealthy could lose half their wealth

Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or a credit market collapse. Maybe all of it will happen, but at different times.”

People may lose up to 50% of their total wealth. They will still be well-do-to. Instead of having a billion dollars they will have five hundred million.