X @Raoul Pal

Most people are getting poorer and they have no idea why.Their salary goes up, their bank balance doesn't shrink… On paper they’re fine.But things like property, stocks, and land run away from you. And every year the gap gets wider.Here's what’s happening:Wages grow at the pace of the economy. Assets grow at the pace of liquidity... about 8% a year.Own assets, the tide carries you up. Don't, and you spend your life running to stand still.And it's deliberate. Banks, central banks and the treasury are the onl ...