Most Americans Would Have to Work 1,484 Years to Make This Much

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! Every day, Nomi shines a light on The Great Distortion. It’s a permanent disconnect between the markets and the real economy. And it’s set to intensify… Nomi believes the next chapter of The Great Distortion will begin in August, thanks to an event that is guaranteed to happen. It could trigger a $4 trillion market shock… and give investors the chance to make up to 10x in less than a month, even if stocks are crashing. To learn more, be sure to [join Nomi at an urgent investment briefing she’s holding on Wednesday, June 15 at 8pm ET](. Most Americans Would Have to Work 1,484 Years to Make This Much By Nomi Prins, Editor, Inside Wall Street with Nomi Prins The day has finally come! Tonight at 8 p.m. ET, in an online event called Great Distortion: The Next Chapter, I’m unveiling a new strategy I’ve been perfecting for the past two years… It’s a way for you to make up to 10x your money… in less than a month… even if markets are down, like they are right now. So what are you waiting for? [Click here now to automatically reserve your spot]( then tune in tonight at 8 p.m. ET. I’ll tell you all about how you can take advantage of the next chapter of The Great Distortion… …and even the score with the CEOs earning the big bucks I started telling you about yesterday… To recap, yesterday, I showed you how the total amount CEOs are paid grew by 1,322% (adjusted for inflation) from 1980 to 2020… That compares to just 17.5% for the average American worker. And a select group of CEOs even grew their compensation by nearly 20% during 2020, when many companies in the country had to shut down. I also told you how CEOs earn, on average, 351 times the average American worker. So you’d have to work almost every day in the year to earn what a CEO earns in one day. It’s all a factor of The Great Distortion I’ve been telling you about now for a while. And it’s something that’s been on the minds of several Inside Wall Street readers, who’ve written to me about this… Reader Jerry K. correctly stated that “some kind of good old boys’ club” is to blame… Today, I’ll show you exactly how that old boys’ club works… Recommended Link [Millionaire Trader Makes Stunning Warning to 263 Million Americans…]( [image]( This is a defining moment in America… We’ll see a new class of millionaires rise as a new class of middle America falls to poverty. CNBC reports 263 million people alone could be pushed into extreme poverty in 2022. But millionaire Jeff Clark says “I’ll be fine – as well as the 170,000 folks I’ve helped discover a trading secret that could cash out big returns in ANY market. Because I simply ignore all 6,000 stocks in the market…” Recommending gains of 100%, 373%, and [390% gains in just 8 days]( in bullish AND bearish conditions. Today, Jeff reveals this trading breakthrough, 100% free. A secret used to recommend [triple-digit gains over 48 times]( and double-digit gains over 81 different times. [Click Here to Watch.]( -- Poster Boys for the Old Boys’ Club JPMorgan Chase CEO Jamie Dimon is a prime example. While many regular Americans are struggling to keep up with spiraling inflation, Dimon has been raking in millions. His 2021 total compensation package was a massive $84.4 million. That includes his $1.5 million salary, $5 million cash bonus, $25 million stock award… and $52.6 million worth of stocks and options as a “retention bonus.” It’s the equivalent of $40,500 per hour… or $325,000 per working day! The average American earns $27.33 per hour. If he works 40 hours per week, he’d have to work 1,484 years to earn as much as Dimon… Even JPMorgan Chase’s shareholders found that a bitter pill to swallow. Last month, they voted to reject the full package. But here’s the thing… that vote is non-binding. So it remains to be seen what Dimon will ultimately get paid. But rest assured, this long-time member of the old boys’ club will do just fine… And Dimon’s not alone… Last year, Goldman Sachs CEO David Solomon raked in $35 million in total compensation. This was double his take in 2020. And Tesla CEO Elon Musk took in $23.5 billion last year. Yes, billion. That was largely because he exercised some stock options from his 2018 package. [Featured: Be Warned: Fill Up While You Can, America…]( Now, exorbitant CEO compensation is nothing new. In fact, I experienced the “good old boys’ club” from the inside of Wall Street for years. You see, for everyday Americans, money provides security. We need it to pay our mortgages, bills, and kids’ college fees. And with costs rising at a fast clip, at the end of the month, many Americans have very little left over. But for the executives at big banks, what they get paid is all part of a crazy competition. It’s not about the amount they get paid, per se. What’s more important is “beating” the other CEOs with their crazy compensation packages. For these people, money represents winning. And power. And they’re loathe to give up even a tiny bit of either. I’ve seen this firsthand. In early 2001, I was a managing director at Goldman Sachs. The economy was slowing down. Even Goldman was looking at lower profits for the year. My boss told me to tell my team that their compensation would be lower that year (as was mine). My thoughts turned to our administrative staff. Their salaries were lower to begin with. For them, any cut would be incredibly painful. I suggested that all managing directors (myself included) take an extra cut so we wouldn’t have to reduce the admin staffs’ pay. My boss looked at me like I was crazy. He said, “Nomi, that’s not going to happen.” Recommended Link [Steve Jobs’ $10 trillion dream… FINALLY coming true]( [image]( The Macintosh computer… the iPod… the iPhone. His breakthroughs changed the world… and made millionaires in the process. And now — after more than a decade — Steve Jobs’ dying wish is now finally coming true. It’s set to ignite a $10 trillion opportunity — and could hand massive gains to early investors. [Get the full story here.]( -- It’s More Than Just “Skills” and “Talent” Now, you’ve probably wondered before… Why do CEOs get paid these exorbitant amounts to begin with? When I worked on Wall Street, the answer often came down to three words: “market for talent.” Basically, what that means is this… What drives executive pay is the market demand for the skills of CEOs and other highly paid professionals. Those who believe this argument claim that “skills” and “talent” determine CEO compensation. But this narrative completely falls apart if we look closer. Yesterday, I showed you how much CEOs make compared to the average American worker. They’re earning about 350 times more per year. But even those on top wages, with skills and talent equivalent to most CEOs, need to look out… [Featured: Tech World Legend: This Is About to Cancel Wall Street]( Just take a look at the chart below. It shows CEO compensation versus the earnings of the top 0.1% of earners. It’s based on data from the Economic Policy Institute (EPI). [Chart] From 1980 to 2019, CEOs were paid, on average, 4.66 times more than the top 0.1% of earners. This is quite a shocking revelation when you consider that the top 0.1% are those earning more than 99.9% of wage earners. But in recent years, that gap has gone even higher. In 2019, CEO compensation was nearly 6.5 times higher than the wages of the top 0.1%. So even if you manage to climb the corporate ladder, your compensation won’t match that of the top CEOs in the good old boys’ club. Recommended Link [The First Gas Station in America… To No Longer Offer Gas]( [image]( Discover what’s happening, live on-the-scene… And why soon, this development will be spreading to your hometown. [Click here now!]( -- How We’ll Level the Playing Field So what can you do about it? I’ve worked tirelessly for the last 2 years to develop and perfect a strategy to help you narrow the gap… It’s a strategy that will help you make money, even when the markets are dropping, like right now… Now, it may not put you on Jamie Dimon’s level, but it could help you make up to 10x your money in less than a month. And with the next chapter of The Great Distortion about to kick off in August, with a $4 trillion market shock, now is the perfect time to learn all about it. That’s why I’m holding a special online briefing tonight at 8 p.m. ET. I’ll reveal all the details of my proprietary new strategy then. [To sign up for tonight’s briefing, just click here]( (By clicking the link above, your email address will automatically be added to my RSVP list for the event.) I look forward to seeing you there at 8 p.m. ET. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. Just for tuning in tonight, I’ll reveal the name of a stock my strategy is flashing a “buy” on right now – and that I believe could potentially double. That way, you can get started making money straight away. So [make sure to automatically reserve your spot now](. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Most Americans Would Have to Work 1,484 Years to Make This Much). --------------------------------------------------------------- MAILBAG Are you surprised to learn that CEOs in the “Old Boys’ Club” make even more than the top 1%? Is it really ever about “talent and skill” or greed and power, as Nomi says? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Most Americans Would Have to Work 1,484 Years to Make This Much). IN CASE YOU MISSED IT… [Worried About the Bitcoin Crash? Do This]( Since peaking last November, Bitcoin has dropped 50%. Is it time to panic? According to Teeka Tiwari (who was voted #1 most trusted crypto expert), no. But he’s also warning that the biggest gains going forward will not come from Bitcoin. [It will come from these NFT plays.]( As Forbes wrote recently: “The NFT explosion has defied a broader crypto market drawback.” That’s why Teeka recently gave an interview where he revealed the truth about NFTs… and even gave away a free recommendation to play this hot trend. [Click here to watch it.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [How to Earn Free Bitcoin]( [The Ultimate Guide to Taking Back Your Privacy]( [The Trader’s Guide to Technical Analysis]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. 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