Currency debasement is a fraud against humanity.

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And yet we all have to play and pay for that game over and over. The feeling feds have over losing will be like telling wow players it's over. Last expansion and last update, end of life. Listen to some elo and process the grief, it's all anyone has.

What fraction of people would you guess have more than 20% of their net worth in cash?

99%

How do you come to that conclusion?

If US, probably at least 70% - that’s the number of people who earn under 50k according to Wikipedia

Unless the data is old - it’s probably is. I’d say at least 60%

At the bottom end, 35% of Americans have zero savings.

Oh sorry I misread your note πŸ™ƒ

Mostly gainst the working class. Because investors don't feel the same pain, they might even enjoy the pain-game.